BEC Study Group Q4 2014 - Page 16

Viewing 15 replies - 226 through 240 (of 1,325 total)
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  • #625864
    NYCaccountant
    Participant

    @Gabe For Variance questions, read the last sentence first and then read the entire question. Have to know which one you're looking for. I had a couple of long variance questions on my BEC test, and reading the last sentence first made a huge difference in being able to answer the questions quickly and correctly.

    AUD - 99
    BEC - 84
    FAR - 93
    REG - 87
    NYC born and raised.

    FAR - 93
    REG - 87
    BEC - 84!!!!
    AUD - 99!!!!!! CPA exam complete.

    #625865
    Gabe
    Participant

    Thanks NYC good to see you back here again!

    CPA, CFE
    CISA- Experience will be completed by August 2016

    #625866
    NJPRU
    Member

    Thanks guys for your help. That's the only way I got to the answer as well.

    I wish this thread my more poppin like FAR! lol Lauren – we were spoiled!

    AUD: DONE
    FAR: DONE
    BEC: DONE
    REG: DONE

    IM GOING TO BE A CPA!!!!!

    #625867
    Zackrampage
    Member

    @GABE. I like to use the mnemonic PAUS. PA is for price variance PA =Change in Price x Actual units. US is for quantity or material variance. US =Change in Units x Standard Price. This can work for a variety of variance questions. Especially those tricky ones where they give you the materials variance and ask to find the price variance.

    FAR - 62 , End of aug 2015
    BEC - 67, 67
    AUD - TBD
    REG - TBD

    #625868
    lauren725
    Member

    Gabe – when working through the ninja questions did you filter on new questions only after a while? I am seeing a lot of repeats (that I got correct) so have started filtering on new questions only for now just for the sake of time. Just curious what worked for others.

    AUD - 73,91
    FAR - 79 - Thank you God!
    BEC - 73,79!!!!
    REG - 92 whatttt??!

    I used Becker review + flashcards, Ninja Audio, Ninja MCQ supplement on BEC and REG.

    Done! Praise God!

    #625869
    lauren725
    Member

    NJ yes that forum was POPPIN! However I was usually stressed out so bad that I didn't even help answer or ask questions! #notime

    AUD - 73,91
    FAR - 79 - Thank you God!
    BEC - 73,79!!!!
    REG - 92 whatttt??!

    I used Becker review + flashcards, Ninja Audio, Ninja MCQ supplement on BEC and REG.

    Done! Praise God!

    #625870
    NJPRU
    Member

    Lauren – glad we can stay in touch through this site. You seem like a good person, hopefully the exam will pay you back well this time around!

    Here we go with B4!

    AUD: DONE
    FAR: DONE
    BEC: DONE
    REG: DONE

    IM GOING TO BE A CPA!!!!!

    #625871
    jrosen92770
    Participant

    NJ – Like the “poppin” comment. We questioned each other at rapid succession. I think in our group we had almost a 90% pass rate.

    BEC - 5/26/2013 75
    REG - 8/31/2013 82
    AUD - 11/24/2013 74, 2/9/2014 92
    FAR - 5/25/2014 85

    NY CPA

    #625872
    spartan14
    Member

    Anyone know the chances that BEC provides any time value of money factors or should we be really memorizing formulas like annuity present value? I'm just so used to using tables or a financial calculator

    AUD- 99 (5/29/14)
    FAR- 92 (7/3/14)
    REG- 93 (8/22/14)
    BEC- 94 (10/11/14)

    #625873
    lauren725
    Member

    Thanks NJ. I really hope I can pull it off this quarter and we can attack REG together!

    You will need a lot of espresso for B4. It is a lot of information but gets easier after you read things a few times.

    AUD - 73,91
    FAR - 79 - Thank you God!
    BEC - 73,79!!!!
    REG - 92 whatttt??!

    I used Becker review + flashcards, Ninja Audio, Ninja MCQ supplement on BEC and REG.

    Done! Praise God!

    #625874
    Gabe
    Participant

    @lauren- For me personally, I went through all the questions once then went to “trouble questions”…now doing “missed last time seen”

    I agree…we should start posting more questions…I'd like a poppin BEC thread 🙂

    CPA, CFE
    CISA- Experience will be completed by August 2016

    #625875

    Ninja question. Does anyone have another approach to solve this problem?

    Janet Taylor Casual Wear has $75,000 in a bank account as of December 31, 2007. If the company plans on depositing $4,000 in the account at the end of each of the next three years (2008, 2009, and 2010) and all amounts in the account earn 8% per year, what will the account balance be at December 31, 2010? Ignore the effect of income taxes.

    8% Interest Rate Factors

    Period Future Value of $1 Future Value of an Annuity of $1




    1 1.0800 1.0000

    2 1.1664 2.0800

    3 1.2597 3.2464

    4 1.3605 4.5061

    A.$87,000

    B. $88,001

    C.$96,070

    D.$107,464

    The correct answer is D.

    The problem is set up to enable you to use both the “Future value of $1” factors and the “Future value of an annuity of $1” factors. The initial investment will earn interest for three years (December 31, 2007, until December 31, 2010) and will be factored with a “future value” factor of 1.2597. The three deposits of $4,000 are an annuity of $4,000 for three years. This annuity will use a “future value of an annuity” factor of 3.2464.

    Initial Deposit: $75,000 x 1.2597 = $ 94,478

    Annuity of $4,000 for 3 years at 8%: $ 4,000 x 3.2464 = $ 12,986


    Total account balance at 12/31/10 $107,464

    #625876
    JamesBJames
    Participant

    @In God I trust:

    75000 * 1.08^3

    + 4000 * 1.08^2

    + 4000 * 1.08

    + 4000

    = 107464

    FAR: May 1st, 2014 - 91
    AUD: May 29th, 2014 - 97!
    BEC: July 16th, 2014 - 91
    REG: August 29th, 2014 - 88

    Licensed December 2015

    Feel free to add me on LinkedIn by clicking my username!

    #625877

    thank you so much

    #625878
    smsimpson77
    Member

    Hi Everyone,

    I'm taking BEC on October 9th. So far I've watched all the Becker videos and now I plan on doing as many multiple choice questions as I can for the next 2 weeks for all the chapters. I'm so nervous!

    Does anyone have any other suggestions to help me pass? I would really appreciate it.

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