Auditing Transaction Cycles

  • Creator
    Topic
  • #192749
    shanek327
    Participant

    this has me nervous!

    Can somebody assist with answering the following…..what do I need to know in this area?

    FAR - 75
    AUD - 78
    BEC - 82
    REG - 77

    2 Corinthians 5:21

    Our value does not come from our skills and abilities, as good as they may be; it does not come from our GPA, our job, a promotion from that job to a better job, our success on the CPA exam, or anything of the like; but our value comes from the fact that we have a Creator who loves us, cares for us, and desires to help us navigate the rough waters of this life in a way that provides security, hope, and true, everlasting joy while we anticipate the life to come, with Him.

Viewing 5 replies - 1 through 5 (of 5 total)
  • Author
    Replies
  • #657131
    CPA soon
    Member

    Everything down to the details!!!!!!!!! This area along with ratios is the reason I failed.

    FAR - 71, 68, 74, (8/31/14) 78 ✔
    REG - 67, 71, 71, (10/18/14) 78 ✔
    BEC - (11/29/14) 86 ✔
    AUD - 73, (4/4/15) 86 ✔

    I can't believe this is over! 2 years and 3 months..

    #657133
    ruggercpa2b
    Participant

    CPA Soon is right you cant go into the exam with transaction cycles as one of your weak areas. I knowingly walked into Audit knowing I was weak in Evidence and got a 66.

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - NINJA in Training
    AUD - 1/6/18
    FAR - TBD
    REG - TBD
    BEC - TBD

    AUD - 73, 72 retake 7/2/2016
    BEC - 8/20/2016
    REG - TBD
    FAR - TBD

    I am so ready for this nightmare to be over. Been at this way too long.

    #657134
    shanek327
    Participant

    @ ruggercpa – when you say weak in ”evidence” what do you mean, can you be more specific? I only ask because evidence is such a broad term to me after studying audit…

    FAR - 75
    AUD - 78
    BEC - 82
    REG - 77

    2 Corinthians 5:21

    Our value does not come from our skills and abilities, as good as they may be; it does not come from our GPA, our job, a promotion from that job to a better job, our success on the CPA exam, or anything of the like; but our value comes from the fact that we have a Creator who loves us, cares for us, and desires to help us navigate the rough waters of this life in a way that provides security, hope, and true, everlasting joy while we anticipate the life to come, with Him.

    #657135
    ruggercpa2b
    Participant

    It was the section that covered the assertions where you have valuation, existence etc. And I think transaction cycles also fell under that chapter.

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - NINJA in Training
    AUD - 1/6/18
    FAR - TBD
    REG - TBD
    BEC - TBD

    AUD - 73, 72 retake 7/2/2016
    BEC - 8/20/2016
    REG - TBD
    FAR - TBD

    I am so ready for this nightmare to be over. Been at this way too long.

    #657136
    trish_1234
    Member

    absolutely everything, plus a little bit more. it is my opinion that this section is best studied through MCQ and SIMS… My book gives the cycles and the concepts but the questions are tricky and one needs an in-depth understanding which cant be attained by memorizing the cycle (which you have to do also to begin to answer the questions).

    AUD 69, 92 7/15 Gleim and Ninja test bank
    FAR sometime in 10/15 Gleim
    BEC not taken
    REG not taken

Viewing 5 replies - 1 through 5 (of 5 total)
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