how are you guys remembering all these formulas in b-1 and 2?
how are you guys remembering all these formulas in b-1 and 2?
Missed by three in December. I am praying for many IT and COSO questions in January. I read a lot of texts but neglected practicing MCs. Guess I'll bury myself in MCs for the next month!!!
@3CPA You seem to have a very rigorous study plan man jeez haha. Now wonder you killed Audit.
How do you get a 99 is that literally like 1-2MCQ wrong or what? Thats crazy.
Man really struggling to sit down and do this, I just see 2:20:00 on a lecture and Im like no thanks.
99 is a perfect score! Impressive!
I did not see anyone answer your question regarding BEC 2-17 example that you posted two days ago. I dont know if you figured it out but I though I wold try and help. I am new to this forum. When making a decision on whether a company should make or buy a component you should only consider all the variable costs & avoidable fixed costs to determine the company’s cost to make the product. These are the only relevant costs that need to be considered when making the decision. You do not include any costs that are fixed & unavoidable in the calculation for the company’s cost to make the product. According to the example the company has $10,000 in direct materials, $40,000 in direct labor, $20,000 in variable factory overhead, and $40,000 in fixed factory overhead. Fixed factory overhead includes $30,000 of unavoidable costs. You cannot eliminate these costs, whether you build the product internally or purchase it. Therefor they are not relevant to the decision and should not be included in the calculation in determining the cost to make the product. The $10,000 floor supervisor’s salary is an avoidable fixed cost (relevant to the decision) and should be included in calculation to determine the cost of making the product. The company’s relevant cost to make the product is $80,000 (10,000 D.M. + $40,000 D.L. + $20,000 Var. O.H. + $10,000 Avoidable Fixed Costs = $80,000). The cost to purchase the product is $100,000. The floor supervisor’s salary did not lower the “make” per unit cost, the unavoidable fixed costs did. I hope this helps. If it does not I’m sorry.
Night 1 of hitting the books again with BEC... 4 stupid points shy of passing the CPA Exam, would have been the best Christmas gift ever! Hoping to kill it in February so I can plan my wedding!
I got a 71 on BEC 10/13, rematch scheduled 1/4. Just finished 5 (economics), 5 hours tonight on all parts and MCQ on first two sub sections. Still have 74 MCQ and optional MCQ. BEC is difficult, time-consuming, and a wealth of spread out information. Economics is tough, you have to keep going over it until you really get the concepts and how they piece together. I havent even looked at a writing sim, they are so long. Much longer then I believe is necessary. Bottom line, the more time you have at the end for the writing the better off you are. JMO.
I will finish 6 this week and progress test and Wiley test bank to finish line. Maybe a practice test day before. I hate this so much that Im studying like I got a 31!!!!!!!
@ cantwaitcpa thanks a lot!
I need some advice on my studying structure. I'll be finished with B3 today. So far I've done all the lectures and attempted the MCQ at least one time. Now I know I need to fine tune a lot of stuff in B1-B2, because I didn't really re-read the material or take notes.
Do you all think I should stop and take a day or two and do a good review and take notes on these or just keep moving forward for now? I have 28 days of full time studying until my exam.
I'm using the 2013 Becker materials for BEC, and I'm worried about my performance so far. I worked on all the MCQs for the first 4 chapters, but only once. Here are my results:
Chapter 1 - 67%
Chapter 2 - 73%
Chapter 3 - 69%
Chapter 4 - 64%
What the hell? I thought BEC was gonna be a breeze. Chapter 4 was the really easy IT crap, but I kept getting questions wrong. A few of you have said the actual exam is much easier than Becker, so I'm still hoping my poor results are due to Becker overcomplicating their review. But I'm not feeling confident at all and it's 2 weeks before my test.
@FeartheBeard - I'm having the same issue as you - I'm doing pretty terrible on the homework for BEC so far. It's freaking me out quite a bit!
^^ I am having the same issues as you both, scoring 60-75% range depending on the topic. For FAR the first time around i was literally getting 40-50% on some sections. After you work them a couple times your score will increase.
I do believe Becker questions are much tougher on purpose to help us study better, at least from the FAR materials.
I need some advice...
This is my third attempt at BEC and I MUST pass it this time before FAR expires and I lose being grandfathered into PA under the 150 credit rule. I'm taking it on January 7th and just took a practice exam and I got a 91 on the multiple choice part (I skip the essays because I think it's a waste of time practicing those). Before, I just used CPAExcel, this time I added the 10-point combo. I feel prepared for the exam but I still have 2 and a half weeks of prep time. Any suggestions on what to do for these last few weeks? I don't want to get worn out and bomb it on exam day, which is what happened in October.
@hgmosteller, I'm from pa and I believe the state board has interpreted the new requirments. My understanding is as long as u passed a part by dec 2011, u are forever grandfathered in. Correct me if I'm wrong but you can find their interpretation on their website.
correction to my post above...It is the PICPA interpretation and NOT State board. Sorry for the confusion.
@supervisor, I just read their interpretation and that's what I gathered as well. Thank God! However, I still really really really want to pass BEC and be done with the exam, as I'm sure you do too!
yes I do! I wanna be done with it forever!!! This will be my 4th time taking it and that's within 4 consective windows. *sigh.. when are you scheduled to sit for it?
January 7th, not soon enough
aww. ok. i'm sure you will do great. 2.5 weeks left of prep time is a lot. I am using Wiley and still have about 150 questions to go in the text book but after I am done with the book, I am going to use the test bank. I would grill those MC's like crazy at least that is what I hear from the peeps that passed.
Econ chapter is pretty easy so far (B5). I think whoever said it's downhill after B1 and B2 was right.
The common thing I hear is that BEC is easy........it is not and dont underestimate it. None of these exams are easy and they should all be studied for in the same way. For stuff like the IT, its easy to say "oh yeah i know about computers, i got it"...............but then you get a handful of questions you have not idea about on the exam and that could be just enough to push you over the line.
I cant speak for other prep courses, but Becker did do a good job and nothing seemed foreign on the exam. I will say b-1 - b-3 were the worst and it got much easier after. I personally liked the economics chapter. Peter Olinto said it right, you cant memorize this stuff.........you have to UNDERSTAND it. Once you understand it, you can talk your way through the problems logically and usually come to the correct answer.
Good luck BEC takers, study hard and knock it out!
Just finished up B3 MCQ today, you guys attempt the 112 MCQ optional questions for this chapter?
So far I have done all the lectures and attempted all MCQ for B1-B3 in one week, which is pretty quick pace. I think im going to keep this up and I'll have completed everything by about January 1st. Then ill have 2 full weeks of solid review to reattempt every thing and hammer it home.
Went through B5 fast and took the eBook notes for B6.
Truthfully, I skip through the lectures. It's just not my learning style.
Hopefully I'll finish B6 questions tomorrow, and then review everything (nonstop MCQ) until the 5th.
What do you all think of B4/IT? Do we really need to know all the small detailed policies and all the stuff? What about the Appendix?
Only Becker could make this section that hard and the MCQ too. When I attempted them I was like is this stuff even in the text?
@ SeePeeAyy - I barely reviewed the B4/IT section before I sat for BEC in December... and I remember there only being about 3 or 4 MC questions on the exam and I was able to recall the answer from when I reviewed the chapter the first time. Overall, I wouldn't stress about the IT section. I didn't put too much effort into it and scored "comparable" in my results.
I would focus on the following 3 areas:
- Corporate Governance - seems easy, and overall it is, but I had a lot of questions in this category
- Financial Management
- Strategic Planning
Ok I did chapter 1 and started doing chapter 2 (which is SO HARD, I never learned any of this). My test is on January 5th. I start my Big 4 job on January 7th and the only other weekend days available are in February. Should I push my test back to Feb 9th or try to take it January 5th? I passed Reg on the first try doing half the lectures and homework on Becker. Pretty good test taker.
So far the BEC test has been the hardest test for me. It seems like all new material to me. I took the exam in November and made a 71 on it. I am using Becker for studying. Becker's BEC consist of 6 chapters. I only studied 4 of the chapters because I was able to do this for Audit & Reg. I skiped chapter 4 (I.T. section) and chapter 6 (Project management). To me the test seemed to have a lot of questions regarding COSO (internal controls & Enterprise risk management) & I.T. questions. There also seemed to be a lot of calculations you had to back into getting the information you needed to calculate the answer for the problem which was very time consuming (a lot of variable over head variances). I performed stronger in all sections except I.T. and the written communications section. I only had 15 minutes by the time I started the essay section and was only able to complete one of them before running out of time Now this is just my persepective. On the October/Novemr Exam formum someone said they only studied 2 weeks and made an 83 on the BEC. I only wish I was that smart. I wish they would lower the passing score to 70. That would be so wonderful. Good luck on your test and I hope this helps.
Audit - 94
Reg - 86
BEC - 71 (Retaking in January)
@cantwaitcpa it sounds like you got lucky for audit and reg by skipping material and passing. Im not understanding the point of your post........you scored a 71 which is extremely close to passing and you didnt even finish a 1/3 of the prep material, yet you want them to lower the passing score to 70? Had you studied the IT section you would have more than likely passed.
Sorry this sounds like nonsense to me
Sorry. I guess I should have clarified better. I studied all chapters except one for the audit and one for the reg exam. I do taxes and auditing for a livinng so that helped me a lot on those exams. The information in BEC was new information to me. I should not have used the same logic of skipping chapters for this test. I wish I would have studied the IT chapter material. If I had I would have passed the exam and I would not be taking the exam again. If you are familiar with Becker study material you know the chapters are long and they provide a lot of multiple choice questions. I studied way more than a 1/3 of the prep material. For BEC there are close to 1,200 multiple choice questions. Based on the multiple choice questions I did I studied 80% of the prep material.
Also, everyones test is different. What is on one persons exam may not be on anothers. I had a lot of I.T. questions where another poster said they only had 3 I.T. questions. You dont know what will be on the exam and having to retake the test is a lot more time, money, and mental anguish you have to go through.
As for as the 70 score goes, there is a lot of information we are required to know for the exam and I think a 70 is fair for passing. I would think most canidates would agree. There are to many cpa canidates who receive a score in the 70 to 74 range. I think it is hypocritical of the AICPA to set a 75 as a passing score for the exam but give licsenced CPA's the option for their continued profession education requirement to just go to a siminar and not even have to take a test. They just have to show up. I dont think it is fair. They should be held to the same standard as cpa canidates.
Finished B6 problems today. I ran through a 100 question progress test and got an 84. I could tell I forgot some of the calculation problems, but I think that's a solid starting point for my final review. 15 days to study (more like 13 with the holidays).
@Meadows30 - first congratulations on being able to pass Reg by skipping chapters and homework. As you can see from my scores, that was not the case for me and I studied every chapter and MC questions lord knows how many times. BEC is tough, and I definitely underestimated it going into it... especially chapters 2 and 3 of Becker, which is where all the Cost Accounting is. It took be forever is get through the first few chapters. My opinion would be to defer it to February and really prepare yourself... but I also like to go into each exam feeling as prepared and ready as I can possible be. Best of luck!
@cantwaitcpa - You are preaching to the choir when you wish they would lower to passing grade to 70... I've scored between a 70 and 74 4x's!! Every time I have failed it was between a 70 and 74.... I would be done with this frigging thing ages ago is that was the case! I also scored a 71 on BEC this past quarter. We'll get it in Jan/Feb! Best of luck!!
I want to give up!
All those B2 & B3 MCQ (especially the optional ones) are killing me!
Hang in there. It really isn't too bad once you reach B4. B3 is still pretty heavy with McQs.
Onto B5 today. Looking to finish B5 and B6 by next week.
So far so good with B5, I liked economics class although it was 5 years ago. Section 1 very straightforward as well as the McQ. If you understand the simple AD/AS graph you pretty much can get all the questions correct.
appreciate if anyone can help !
What if i prepared for BEC exam using 2012 Gleim Review & Test Prep SoftWare "both 2012 Edition"
Ninja's Audio "2012"
& Wiley test bank 2013
is it ok i'm studing from 2012 edition as i'm planning to RETAKE the exam on next FEB. !
Just finished the Becker Final Exam #1 with a score of 81%.
Let's see how it works with Final Exam # 2
Guys and Gals Merry Christmas! I need your opinions please. Got a 71 in Oct. Scheduled to retake 1/5. I followed Jeff's plan and took detailed notes of all the chapters. I did mcqs chap 1 & 2 and just finished most of 3. So mcqs 456 still to go. I however haven't gone back over the ones I missed or taken any progress tests yet, which I think helped me with Reg. I have 12 days to finish all mcqs and I'd like to take practice tests along the way. Plus the practice exams. If time permits also to rewrite the notes. Do you think I should back the test a week? Or just finish strong and take test while all is fresh?
Took a couple days off for Christmas Eve and Christmas. Woke up today and grinded out the last of B5. Definitely my favorite chapter and was really interested in it. Killed the McQ concepts.
I'll start and finish up B6 in the next 2-3 days, then have 16-17 days of review. In good shape I think.
Hows everyone else doing?
I hate not studying with Becker because my chapters don't line up with everyone else's, so I can't complain about chapter "BX" with everyone else!
I "enjoy" and do well in the econ, corporate governance and performance measurement (the ridiculous number of ratios chapter) chapters. IT and cost accounting/analysis chapters were iffy for me the first exam but I think I'm much better in them now. Financial management/ risk analysis/capital budgeting are still my weaker areas! I remember back in my Corporate Finance class in college, I did all that present/future/annuity garbage on my graphing calculator straight up without the factors (using the factors confused me for some reason, it was easier for my brain to start from scratch) and now I obviously don't know how to do either, haha. I sit again on 1/6 so this week I'm focusing on my incorrect MCQs on those chapters I'm doing well in, and taking the weekend to go over my weak areas - doing all MCQs again (and going slow if need be). Next week I'll do a practice test and review from there!
Almost only a week out from my exam. Fellow re-takers, for those of you rewriting notes.... do you skip over the sections you are scoring well in? I feel like I should have done some MCQ's first to see where my strengths were but I was so set on studying everything again. But I now I feel like I've wasted valuable time on subjects I know well. Well it's too late now, but just curious what everyone else is doing. I am trudging through IT now. Have no plans for the holiday next week and get three days off from work. But will be out of town this coming weekend. I want to lock myself up top focus.
@littlenumberrobot, I am NOT re-writing notes. I didn't for REG either when I went from my 70 to 80. I agree it seems wasteful to do that much work on areas you know well, when you only have a week left. (if you had all the time in the world, of course it probably wouldn't hurt).
I studied with Bisk from front to back, and got my 62. This time I bought the Wiley book, scimmed the chapters and then did all chapters' MCQs again. As I put above, now I'm going back and re-doing the MCQs I got WRONG in all chapters, and spending some extra time re-reading/highlighting sections of the chapters I feel weak in! For me, with only this short amount of time left, I focus on my weak areas and only dabble lightly in my strong ones. I test on a Sunday so on that weekend (Friday/Sat) I'll review all areas. Good luck on 1/5, I'll be right behind you!
Thanks for the response. I started doing that with the MCQs right before I took REG(late in the game then too), will try again this time around. I'm also weak in financial mgt and analysis. I rock at Corp Gov & IT. Thanks for the well wishes.... same to you!
Just finished B6. Only took me about 39 hours to go through everything, way faster than I thought. Wish I scheduled my test a bit earlier, I feel like 2+ weeks is too much for review.
I agree @SeePeeAyy that 2+ weeks may be a little much. I planned for the same thing, but with the holidays I got a little behind (leaving about a week). I plan to hit MCQ as much as possible until the 2nd!!
When you guys say just pump out MCQs when reviewing do you just keep taking those progress tests with Becker?
I do some of those with Becker yes, along with the Wiley Test Bank and Becker Final Review
Help with MCQ
Which one of the following best describes direct labor?
Answer: Both Prime and Period Cost.
Prime and conversion I see but how is DL a period cost?
Isn't DL both a PRIME cost and a PRODUCT cost?
Anyone have some suggestions for mastering the written communications portion of the exam?
Yes it would be prime and product cost, but not period cost. Thats an expense I thought and doesnt hit COGS. Is this a Becker screw up?
All I hear is Peter Olintos voice in my head, oh vey!
This is why Becker pisses me off sometimes. So many errors. Got frustrated during my final exam trying to answer this, when I knew I had the correct formula answer.
Exports $ 20 million
Rental Income 120 million
Gross private domestic investment 50 million
Personal consumption expenditures 1,500 million
M1 money supply 75 million
Imports 45 million
Government purchases of goods & services 750 million
Depreciation (capital consumption allowance) 225 million
G of $750 million + I of $500 million + C of $1,500 million + E of ($20 million − $45 million) = $2,725 million.
Too bad they list the I as 50 million not 500 million.
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