Ninja Notes pages 20 -23 - covers a little on F2 in Becker
2013 Ninja Notes
AUD - 01/26/13 ---- 67
AUD - 07/06/13 ---- 52
AUD - 11/23/13 ---- 68
Ninja Notes pages 20 -23 - covers a little on F2 in Becker
Ok, I passed. I guess I'll study now. :D
Hey y'all ! So I'm joining this study group since I didn't pass audit the first time around. I'm taking it in January and am planning on taking it the 5th. Hoping I can start the new year off with a PASS !!!
@fshelton...gleim's testbank is good, but i hope you aren't uaing their notes to learn the concepts bc they are the worst! I think Roger cpa had the best notes, wiley focus notes are good as well for learning concepts...Wileys text is terrible for learning the concepts however (too much info!)...
Anybody living in Reston, VA studying for Audit exam? I would like to know how to prepare for the simulation questions. Wiley Test bank simulation questions are simple. But the exam questions are more tougher with lot of FAR questions.
How is everyone studying ? I'm on F2 in Becker and have 50 MCs left.
Things are going smoother for me in this second week.
I'm getting use to studying now - I think - Still scoring in the 70s in HW
I havent done any Sims - planning on doing that the last two weeksof review. Is this a good idea?
I thought the sims from chapter one brought it together for me. I'd probably do them as I go and review them all thoroughly at least once or twice. The sims on the test are tough.
I'm still slacking on chapter two, want to have it done by the weekend. Food poisoning has me wiped out since last Thursday. Hopefully I'll get my energy back in the next day or two.
@Ctxn - WELCOME!!!
@AnnaNutha - glad you are feeling better! Congrats on BEC.
@23 - Good to see you are getting the hang of things. I like AnnaNutha's advice about the sims. I think I'm going to go back through and do the sims from previous chapters.
Sorry you didn't get much help on the corresponding Ninja Notes to Becker. When I start a new section, that's the first thing I do. Glance through the NN and match them up.
Studying is going well. I'm about a day behind because of the score release. I just couldn't focus after receiving my second 74. Anyhow, I'm through 5 of the 8 chapters. So I'm feeling good. Hope to wrap it up this weekend and start rewriting my notes next week.
30 Days to go!!!
Im re-studying for AUD and its amazing that I even got the score I did without really understanding all the material. Things are starting to make sense now as I thoroughly go through the book. I did weak in the SIMS, but those SIMS were a killer. I hope that I dont get those type of SIMs again.
that's great you are feeling better like MCLKT said -
I will do the SIMs after finsihing the MCs for F2 and will also go back and do F1 SIMs
Yeah - for F2 - there isnt much Ninja Notes
Hey there everyone,
First post here at Another71. I'm scheduled to take AUD in the first week of January. Currently studying with Becker's in-class program, but I also go over the online lectures and tend to re-write most of the chapters too. I've been averaging mid 80s on the MC and Sims so far after reading, re-writing, and attending the classes. Haven't really done a whole lot of memorization yet. Feel pretty good for the most part about studying so far. I just took my first review test, 60 questions combined from the first two chapters and go a 100% on it, which is encouraging. I'm trying to finish roughly two chapters a week, spending about 5 hours a day each day through Saturday, including all day Saturday in-class.
Any pointers for someone who is just starting to study? I've never taken or studied for the exam before, and I'm fresh out of undergrad, so is/has been a learning experience so far. I'm probably going to buy the Becker flash cards soon since I get a pretty decent discount on it through work, and it suits my study style. Anyone have any experience with those? I hope they contain the nemonic's since those seem to be favorites for sims, etc.
Good Luck to my fellow testers!
I am confused about the "cooling off period." Is it 5 or 7 years? And how is this different from the "time out" period of 2 years?
The lead partner stays on for 5 years, then off for 5. The other staff auditors can stay on for 7 years, then they must stay off for 2. I'd have to double check again but I believe that is right.
I understood the cooling off period was 1 year under SEC guidelines, and is the period of time with which a member of an audit team (partner, concurring partner) joins an issuer's management overseeing a reporting function, where the public accounting firm is not independent.
The Time Out period is part of mandatory SEC partner rotation. Lead partner is subject to rotation after five years on the audit of an issuer, and is subject to a five year "time out" before being able to be a significant part of the audit for that particular issuer again. Staff rotate out after 7 years, for a period of 2 years of "time out."
I'm pretty sure that's right.
Noticed some refer to the Messier textbook for helpful information, and I highly recommend it if you are able to get your hands on the book.
He was my professor during my graduate program and made his tests as difficult as the CPA Exam itself, using a lot of information from the textbook. His class helped me retain a lot of the info I come across now during my studies.
As suggested, probably don't want to go much older than his 2010 text, mainly because of the recent changes.
I just got my aud score back and I am really frustrated, I took it the first time and barely studied and got a 71, This time I worked my tail off, Got 90's on the practice questions. Took the test and felt like I got in the 90's and came out with a 62!!! Is AICPA playing some sort of joke. What does anyone suggest? any similar experiences?
This will be my first exam and to say I'm nervous is an understatement. I just started the application process and hope to sit for AUD Feb 2013. I am deciding between Bisk and Becker. Does anyone have any suggestions or have used both?
Good luck to all the fellow exam takers!
Passed 84! FAR You're next.
Victory Dance Victory dance victory dance,.,
I am going through the Wiley Audit MCs without reading or watching any of the material and have scored in the low to mid 70s. I took audit about 3.5 years ago and it appears alot of the material has stuck in my head. However the simulations have been a different story and was wondering if i should buy Becker software to suppl. prep for the sims? Which materials have been known to be succesful. I am planning to change my test date sooner in order for me to take BEC at the end of February.
hello. this is my first time joining a thread like this..
just found out i failed AUD yesterday. i took it 11/28
i got a 72.... i was certain i passed but i was wrong!!!! :(
i plan on taking it again in january but not exactly sure when. i'm so busy this month and work full time at a public acctg firm.
I had nearly the exact same experience you did with the audit exam. I feel your pain!
AUDIT is mind blowing. It's starting to make sense as I do a more thorough read of the book but the SIMS are a killer. Idk how anyone can prepare for that.
How is everyone?
A3: Enagement Acceptance, Planning, and Risk Assessment - Information overload compare to A1 & A2.
Progress Test - when should I use this in the Becker software?
I progress test at the end of each new chapter, and periodically between sessions when I'm bored.
I usually do small blocks from all chapters. Did 30 from chapter 1+2 last week and got 100%, just did 100 from chapter 1+2+3 and got a 90%.
I've found that when they break down which parts you struggled with, you can go back and emphasize those parts of the chapter. For example my most recent test identified I got an 86% on Chapter 1, and I knew it was because I needed to check over the predecessor auditor stuff regarding reissuing reports or dividing/assuming responsibility.
Can anyone tell me how they r working the sims for A4:audit evidence. I cannot do the for the life of me... It's so hard to understand
Does anyone know if the AL on the actual test have the complete information. On Becker, it shows "wrong path" on some parts...I'm just hoping I can look up the answers for the sims through the use of the AL.
The complete AL will be on the actual test. I would recommend getting comfortable with the AL in Becker, because it will help when you are looking through the complete AL. Good luck!
does anyone know if flowcharts..like actually look at flowchart diagrams has a remote possiblity on the exam?..dumb question since anything is fair game..but iam using gliem and some of their questions have pictures of flowcharts and ask what is "X"...how on God's green earth am i suppose to apply process of elimination when i dont have a clue
Hey guys! What reports should I greatly focus on? and what ratios are the most important to memorize?
Thank you for all your help in advance!
I plan to know all the reports, including when to use which, their setup, as well as specific statements made in them.
I do have some of the ratios memorized, but am not going to focus on that. Instead, I'm going to work on knowing how to analyze them and what it infers when they change period-over-period.
I scheduled the exam...eek, commitment. January 17th, guess I should get a move on!
Ok I just found out I failed AUD for the second time. The first time I did the full Becker routine, all the lectures and homework, then reviewed homework and sims and flashcards. Full study time was about 5-6 weeks. I failed with a 68. The second time I did pretty much the same process (put a little more emphasis on review rather than lectures/chapters), but I found out this morning I failed with a 72. This one was a killer because I really thought I had passed it, it felt like I smoked the exam. Feeling pretty gutshot.
So now I'm gearing up for round 3. I was honestly thinking about buying the Wiley Test bank and Ninja notes/audio. Then just working nothing but questions and sims from Wiley and Becker for 3 or 4 weeks straight and supplementing with ninja notes/audio. Im sick of doing the full lectures/reading and I feel like I retain much more from working the homework.
The thoughts of going through all that lecture again makes me want to throw up. Anyone tried a purely homework/sim study plan for a retake?
New to the forum, taking AUD 1/18, using partial Becker, my software expired December. Using Becker Book, Lecture notes and MCQ that I printed from the software...
What is the AL?
New to this forum. I failed AUD in October and plan to retake in January. Does anyone have any advice on how to pick yourself up after a failure? I was not expecting a failing grade at all, (but who really is?).
If this was easy everyone would have a CPA license.
Don't give up and remember why you are doing this.
Keep your head up :)
I have failed AUD twice now, and the last time was really gut wrenching because I really thought I passed (got a 72). I've managed my emotions by changing my view on the CPA exam a little. It's not like another test where you should expect to pass it in one crack (but thats awesome if you do). I just had to come to terms with the fact that this was going to take time and failing was normal and likely. Everytime I've retaken a section though, the information has stuck a little more and its been a little easier. Retaking a section is usually just part of the process, so don't get too down.
@ mmtx - I failed AUD two times too and passed the third time round and trust me I didn't even study when I took the third exam, I went to take the exam cause I had paid for it and I was pretty sure I would've failed and it was time to give up on the CPA....... but to my surpise I passed.... and the only thing I did this time was do the AUD ninja notes.... I skipped the IT part... I actually re-wrote the ninja notes for audit.... and practiced the wiley cpa questions two days before the exam and didn;t touch anything in becker except chapter 3 & 4.... found out last week that I passed with a 77.... and what got me over the hurdle was simulations.... my diagnostic report shows that i was weak on multiple choice but stronger that everyone on simulations.... I figured out while taking the exam that having the audit literature in the simulations is like giving you the AUDIT text book itself.... so i took my time with the simulations and took the entire 4 hours of the exam and when i walked out i knew that even if I bombed the multiple choice i had 6 of my 7 simulations nailed!!!! Hope that helps!!! don't loose hope!!!
Good advice man the sims are what killed me, I'll be sure to spend more time using the AL. I kind of neglected it last time because which was dumb.
The first time I failed I did the full Becker course, but had to cut my review short by about a week and got a 63. Then I retook it with the proper full Becker and got a 72. That last attempt was just a few weeks ago and the info is still pretty fresh, so I'm buying the Ninja 10pt Combo and going to just hit that everyday plus do questions and sims like they're going out of style. I'll go back to Becker for any topics I have trouble getting, but mainly just hit MC & sims like a madman, and Ninja notes/audio to supplement.
Gonna try that and take this thing again in early Jan.
Since failing Auditing in October, I've decided to keep up with my original study schedule and look at my FAR material. I have actually found that going over FAR has helped my AUD review. My main issue, though, is determining a good balance between FAR and AUD. Has anyone else used a similar method? Since I've already passed BEC, I feel my clock is ticking and it would be irresponsible to neglect FAR until I pass AUD.
Is anybody hear planning on taking both Reg & Aud next window?
What is your study plan? Are you working full time? Retaking either of the two, or is this your first shot at both?
First shot at both, employed but haven't started yet, studying full time, no other commitments. I've been studying for AUD since the beginning of December, and will be studying up through the first week of January, then I will switch to REG after the 10th and will be doing classes on Saturday with studying every day in between. I spend 5 hours a day at my local Starbucks every day, including Sundays. I'm not planning to take REG until the last week of February.
TBH, I'm pretty confident with AUD, as it's my strong suit. But another thing to keep in mind, I'm fresh out of undergrad last Spring, and have been in graduate school since Summer, so much of the CPA exam material is relatively fresh in my head. I know some people here are people undergoing career changes, been out of school for a while, etc. and that in my opinion would definitely impact the "freshness" of the material in your head.
Question for everyone:
I've been destroying review quizes and MC/Sims for Becker, however, I just cracked open the notecards, and found myself struggling to match a decent amount of the material, would you say this is indicative a lack of understanding (which the MC and Sims say otherwise), or the fact that the cards are exceedingly difficult to memorize entirely. Seems like a ton of info on each one of Becker's cards?
I was thinking the same thing! I took a look at my Becker notecards earlier and they are great review material but having to answer them without the process of elimination is a bit difficult.
^Yeah right? It was tough.
Also, if I'm not mistaken, all SIMs and MC will have some kind selectable option correct? The sims are just drop down boxes or research questions correct? If that is the case, rattling off information from the notecards seems a bit excessive.
Yes you are right for the most part. There are some calculations. I think I will just read through them. How are you liking the live classes?
The guy I had for two out of the three classes was outstanding. The other guy was horrible.
TBH, the classes feel like a very minimalist extension of the online national lectures.
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