[jeff]

Post by Another71.

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AUD - 79
BEC - 80
FAR - 76
REG - 92

Jeff Elliott, CPA (KS)
NINJA CPA | NINJA CMA | NINJA CPE | Another71

[Anonymous]

@DoOver A, A, B?

[Anonymous]

@DoOver — I'd agree w/ @cprv above and say { A – A – B} however the 2nd question I'm not too sure about. I see {A} as being the only relevant answer as the others seem like they don't make sense.

[Anonymous]

@Tarheel — good luck to you on Tuesday as well. I'm taking mine Friday. Let's knock these out of the park! What subjects do you feel most comfortable and not-comfortable with?

[Anonymous]

A-D-B

Here is the answer given for D

Choice “d” is correct. In developing its capital budget, management would find the employee input associated with equipment requests from various profit centers most helpful. Departmental requests, appropriately justified, would provide key insights into the capital requirements of the business that are not otherwise known.

Some candidates may question why the correct answer is not choice “c.” However, the answer to the question is very clear.

The question really is what are the best (most beneficial to consider) inputs to a capital budget. The “supply and demand for the company's products” is very indirect. The demand for the company's products may or may not result in the company spending any capital money because the demand may be able to be satisfied with the current capital equipment. But, equipment requests, if approved, will most likely result in spending money (assuming that the money in the budget is actually spent) and thus should go into the capital budget. The supply and demand might affect future capital budgets if the demand is not able to be satisfied with the current capital equipment. But the question asks for the best inputs for presumably the current capital budget.

[Anonymous]

Bobcat your killing it. I wish I had this stuff down as well as you. I generally only post questions I cannot get right. You always get them right (except for that second one – but that one is ridiculous)

[Tarheelgirl]

@bobcat87 – Yes lets do!!! Good Luck to you as well. I am more comfortable with Financial management and Strategic Planning. Have gotten more comfortable with Economics and Corp Governance. Still struggling on certain topics in IT and Cost. One moment I do really well and the next I do horrible. I am just so sick of MCQs!! What about you?

Though with this exam who knows what will show up. You will never know it all, that is impossible. I feel I have a better understanding in my weaker areas, I just hope I get an exam of questions I know. That is really all it comes down too.

FAR - 46, 79 (7/8/14)
AUD - 56, 59, 2/23/15 3rd times a charm!
BEC - 69, 74 Really??
REG - April, I hope. Fingers crossed!

[Anonymous]

@DoOver– Unfortunately, I've done so many MCQs I've got some of them memorized like #3 you evidenced. I remember getting the problem wrong in Ninja and I'm usually pretty good at seeing an answer once and remembering the answer and the logic behind it. On that one I just remember high risk will tend to be “riskier” and invest in a bunch of projects and low risk will be more conservative and thus under-invest.

On question #1, if your RRR > IRR then you have a negative NPV. Conversely, RRR < IRR then you have a positive NPV.

#3 I would miss if it came up. I've stuck with the mantra when studying for these exams of paying attention to recurring them/bigger concept principles. If you don't know how to calculate break-even or don't understand variance analysis you might be in trouble. For stuff like this, I'll live with not mastering it.

I honestly am just so ready to take this thing already. I'm certainly not a genius and am not underestimating this thing at all, but I know when I've learned all I can and I'm at that point.

[Anonymous]

@Tarheel — I definitely feel Corp Governance is definitely my easiest subject. Rolling straight off of AUD, I feel like some of that stuff is straight from my last study material. I can live with Fin. Mgmt. I think. IT is a toss up. I feel like they can ask very specific and odd questions that could throw me off so that is kind of unsettling. I feel like I understand the big picture on it and key definitions (because that's what I feel all of IT is… definitions). I think I hate economics the most.

Like you said, there is a very large element of luck on these exams of getting material you are most comfortable with. This is my last one and I'm trying so hard not to look ahead to my life free of studying.

[Tarheelgirl]

@bobcat87 – IT is tough. There is just so many definitions and no way to know them all. My husband works in IT and didn't even understand some of the concepts in Gleim and he is super smart. Economics is very difficult too and I think I have currency exchanges, supply/demand down or at least I hope. So ready to be done and over and know if I passed or failed…it might determine if I continue on this journey. My husband is tired of seeing me overstress myself and have breakdowns, of which I am really over it as well.

FAR - 46, 79 (7/8/14)
AUD - 56, 59, 2/23/15 3rd times a charm!
BEC - 69, 74 Really??
REG - April, I hope. Fingers crossed!

[Anonymous]

@tarheelgirl.

I feel you on the breakdowns. I had a pretty bad mental collapse today. I'm just not as far as I'd like to be. I'm trying to balance learning and not rushing the material with time constraints. As you know this can be very challenging. I was hoping to have gotten through all the MC questions two times by today, but still have only done half twice and half once. I'm feeling good on most of the material, but IT is my nemesis. I prefer calculations, although the amount of formulas can get confusing.

I have 8 days to go as I'm taking it one week after you. Good luck to you.

[Anonymous]

@Tarheel — I know this process is grueling, but please don't give up. Your insane improvement on FAR going from a 46-to-79 is one of the biggest jumps I've seen on here, maybe the single biggest.

Let me tell you a little something about what happened with me: When I received my failing score (72) on my first crack at FAR I was devastated. I thought that there was absolutely no way I could put myself through this process of going through the hellish volume of material that is FAR. I re-studied, passed, and knocked out AUD a couple of weeks later. So, I went from 1/4 passed to 3/4 passed in a matter of one testing window. Believe me that changed my whole perspective and confidence on this thing. Now I'm a few days away from potentially taking my last section ever; just like that it can change in an instant. Remember what it felt like when you clicked on that button and saw that 79 score. You can do this.

[Anonymous]

Good luck to everyone who is taking their tests this week! I have mine tomorrow at 12:00pm. Let's knock this test out!

[Anonymous]

I submitted my application to take BEC and it was, immediately, approved with the ATT ready to send. I should get the email in the next day or so and then I can schedule.

[Anonymous]

I am new to this forum. Took the exam on Friday. Here is my input.

I thought it would be math intensive but to my surprise it was all theory with 2 or 3 math questions in each testlet. Most questiins were from IT and Internal controls. I am so weak in IT :(. Then 2 sims were OK and the third one was out of nowhere, which i BS'd. I felt the first testlet was hard, and i guessed a couple of answers but testlet 2 and 2 were even harder. So I don't know whats going on… cant wait for the result.

[Anonymous]

Good luck tomorrow @Tarheel!

[Author]

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