Becker AUD Question

  • Creator
    Topic
  • #187784
    Anonymous
    Inactive

    I am using Becker in addition to Ninja Notes, Audio, & Flashcards. Becker devotes a lot of time to Audit Procedures by Transaction Cycle (A4). I’m not sure if I should really focus on the information that Becker presents on this topic because it is not heavily emphasized (or at least not in the same way) by the Ninja materials. Any thoughts?

Viewing 10 replies - 1 through 10 (of 10 total)
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  • #586999
    JamesBJames
    Participant

    It's a pretty important topic. If you don't get at least one “Is this existence or completeness?” question I'd be really surprised. It's a good practical chapter, too.

    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!

    #587000
    kpb
    Member

    @jamesBjames, how do you have such perfect scores in studying such a short amount of time for each exam? enlighten me please. 🙂 congrats!!! I am so bummed I didn't pass AUD or else i would have almost 3 done also (if i pass far)

    BEC - 81 4/08/14
    FAR - 80 8/25/14 Thank you Jesus!
    REG - 69 (Nov 14),80 1/08/15 Thank God!
    AUD - 70 (May 14), xx 5/1/15

    Becker Online & Becker Flashcards
    I definitely wish I was one of those people who got all 4 exams done in 4 months, but unfortunately LIFE (being a newlywed, stress, adjusting to newlywed life and cpa exam study life, as well as starting a job with a Big4 which I am very happy about) got in the way, just happy that I am passing period!!

    I can do all things through Christ who strengthens me!

    #587001
    JamesBJames
    Participant

    My job doesn't start until October, so I've got a lot of time to devote to the CPA exam until then. I have no idea how people who are currently working put up with this.

    I usually study 4-5 hours a day (plus one day off in the week). I type out all my notes — which is usually just what they highlight in Becker — and then I go through the homework questions. If I miss any or am unsure about the methodology behind the right answer, I do it again when I finish a section's questions.

    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!

    #587002
    kpb
    Member

    seriously? you must've have had a really good accounting program then. I am in the same boat as you except studying like 6-9 hours a day. I also start work inoctober and wouldve loved to be done with these exams but i'll have to review for REG and AUD once i start working….i don't know how people do it either but i am about to find out… some of the concepts I feel the need to go over and over and over again (for far at least) in order to undrstand them and 4 hours for me studying feels like 20 mins, it goes by so fast.

    BEC - 81 4/08/14
    FAR - 80 8/25/14 Thank you Jesus!
    REG - 69 (Nov 14),80 1/08/15 Thank God!
    AUD - 70 (May 14), xx 5/1/15

    Becker Online & Becker Flashcards
    I definitely wish I was one of those people who got all 4 exams done in 4 months, but unfortunately LIFE (being a newlywed, stress, adjusting to newlywed life and cpa exam study life, as well as starting a job with a Big4 which I am very happy about) got in the way, just happy that I am passing period!!

    I can do all things through Christ who strengthens me!

    #587003
    kpb
    Member

    do you watch the lectures at all?

    BEC - 81 4/08/14
    FAR - 80 8/25/14 Thank you Jesus!
    REG - 69 (Nov 14),80 1/08/15 Thank God!
    AUD - 70 (May 14), xx 5/1/15

    Becker Online & Becker Flashcards
    I definitely wish I was one of those people who got all 4 exams done in 4 months, but unfortunately LIFE (being a newlywed, stress, adjusting to newlywed life and cpa exam study life, as well as starting a job with a Big4 which I am very happy about) got in the way, just happy that I am passing period!!

    I can do all things through Christ who strengthens me!

    #587004
    Anonymous
    Inactive

    DEFINITELY focus on the transaction cycles. They're heavily tested and chances are you'll get at least one sim devoted specifically to this.

    #587005
    AScott89
    Participant

    How would you suggest I study for the transaction cycles? I think they're written out in my wiley book. Is it best to just re-write them? What did you do to learn them James?

    --
    B - 65, 74, 2/26/18
    A - 72, 68, 84
    R - 72, 82
    F - 55, 79

    BEC-65
    AUD-72(8 '14); 68(11 '14)
    FAR-
    REG-

    #587006
    JamesBJames
    Participant

    @kpb: Yeah — I listen to all of the lectures. I type out notes in a Word document contemporaneously with each lecture. I usually don't go back to review my notes all that much, but it's helpful if only just to force me to think about the material while I'm listening to it.

    @AScott89: I struggled with transaction cycles for AUD. After I got a 65% or so on the homework, I realized I didn't know them as well as I thought I did… and so I did all the questions over again, reasoning out why the wrong answers were wrong. It helped a lot.

    There's a ton of information with transaction cycles, and that means you definitely want to prioritize it. You must know the revenue cycle and the expenditure cycle in detail. Understanding the inventory cycle is probably pretty useful, too. I don't really remember the other ones, but having a broad idea of how those work is likely enough. Don't kill yourself trying to understand the minutia.

    I also drew out the revenue / expenditure flowcharts a couple of times each and made sure I knew how to separate roles into authorization, recordkeeping, and custody. That ends up covering a lot. I'm not sure if that's in Wiley or not, but it was way easier to visualize with a flowchart as opposed to blocks of text.

    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!

    #587007
    Pumpkins
    Member

    You definitely need to know transaction cycles inside and out.

    AUD- 93
    BEC- 81
    FAR- 1/26/2015
    REG- TBD

    CIA Exams Passed in March, 2014

    #587008
    AScott89
    Participant

    Thanks James

    --
    B - 65, 74, 2/26/18
    A - 72, 68, 84
    R - 72, 82
    F - 55, 79

    BEC-65
    AUD-72(8 '14); 68(11 '14)
    FAR-
    REG-

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