Is it necessary to memorize the ratio formulas at the end of Becker chapter 4? Thank you.
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S00NtobeCPA
offlineMemberI wouldn't spend a lot of time with the ratios, but be familiar with the main ones (i.e. turnovers, gross profit, etc.). On the Becker simulations, the ratios were provided in the resources tab, so I would imagine that the exam sims would be the same? But I couldn't say for certain. You'll probably get one or two ratios for the multiple choice, but again, I would just be familiar with the main ones. Easy points.
REG - 83(6/09); FAR - 91(8/09); BEC - 83(11/09); AUD - 1/18/10Posted 2 years ago # -
skiw97
offlineMemberthere are many ratio q's in becker B4, and the simulation also has a nice ratio problem.. if you get those down you should be fine... if you run into any problem on the actual exam... just keep doing trial and error with the accounts you think are correct until the answer MAKES sense.. ie, inventory should turn a small number, such as 6-12 times/year, and "days in inventory" should be a bigger number 20-70 days.
FAR 11/13 - 78, BEC 1/13 - 82, AUD 2/23 - 94, REG 5/15 - 86Posted 2 years ago # -
Atrus
offlineMemberAs you can see by my signature line, I am awaitng my score, so feel free to ignore me...
...I'd just recommend that you understand the purpose and how to leverage the ratios. I think knowing how to interpret them is most likely more important than calculating them.
FAR - 75 (8/24/09), REG - 76 (11/16/09), AUD - 78 (1/11/2010), BEC - 76 (2/22/2010)
I'm D O N E!!!!Posted 2 years ago #
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