[futurecpa]

Does anyone actually know much about the new exam coming in April?

I recently failed far (71) and aud (74) and am very unsure what to do next. I have heard many horrible things about the new exam and how we need to do anything we can to not take it. However, that is all stuff I’ve heard and unsure what is the truth.

Does anyone who knows much about the exam have any advice on what to do? Take one of the exams q1 before the new exam and take another new exam? Rush and take both in q1? Wait for the new exam and take both?

Any help is appreciated. Thanks

BEC 4/22/16- 82
REG 5/19/16
FAR 7/7/16
AUD 8/3/16

Becker Fastpass

[aaronmo]

I didn't get them mixed up, though I did type that incorrectly. I'm proposing what I think the exam should be, and I do think the changes that they're implementing reflect a move in that direction. As far as sims testing memorization more, yes, but the parts memorized for a sim are more relevant than “memorize this COSO list of junk.”

[aaronmo]

Here's the difference…whether tested in a sim or MCQ…

What useful purpose does memorizing every add back for AMT serve when software runs that and it's readily available on line?

A harder, but more relevant question might be advise on tax planning regarding the AMT if a general partner expects X level income year one, and X in years 2 and 3. Offer potential answers with rationales. That would test how the AMT works hollisticaly and how it impacts clients. Reg had far too many how many processes you don't actually need to memorize can you memorize questions.

Just one concept example.

[Author]

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