[wolby27]

I was wondering how imporatant it is to know the financial ratios on the Audit test. I feel since it is an appendix in the Becker Materials it doesnt really matter if you know them or not. Should i invest time in studying them and knowing all of the formulas or just skip over them?

Thanks in advance for your suggestions!! 🙂

BEC - 79
AUD - 67,74,90
REG - 77
FAR - 87

DONE!!!!

"Don't give up, don't ever give up!"

[Anonymous]

I memorized them seeing as most of them were intuitive and of course, didn't need to based on my experience.

I would.

[Anonymous]

Personally, I think the most important ones are the turnover ratios, quick, current, ‘return on' ratios, and gross margin ratio.

[Anonymous]

And based off of what @Amanda added, you see many of the ratios in FAR and BEC chapters. Worth the few extra minutes to commit to memory.

[Anonymous]

If you do the homework, sometimes problems require you to have certain ratios memorized. I would say that's pretty helpful in determining what to focus on if you have a limited amount of time and can't memorize all 30+ 🙂

[Sarah1421]

I agree with Amanda (great list – those are the ones that make the most sense when considering the trends an auditor would be concerned with). I certainly didn't memorize all of them and don't regret it!

Let's just say that if I don't have a passing score on Thursday, it wasn't because of the ratios. 🙂

FAR - 90
AUD - 91
BEC - 86
REG - 87

[Author]

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