[iwillpasscpa]

Hello, I understand all chapters in Becker are important for BEC and I have completed them all – Book & MCQs.

Can anyone please give me some suggestions what are the most important topics (heavily tested) in BEC?

I appreciate your feedback. Thank you very much

FAR - 79
AUD - 72 / 85
REG - 85
BEC - 73 / 82
DONE!

[ncjm304]

I got a 72 when I failed, but I will give you an idea of my test from what I remember.

Most heavily tested areas:

Economics

Financial Management

information technology

I have a hard time remembering off the top of my head what section 6 of Roger's review is (haven't gotten to it yet while studying for my retake and didn't do much with it on my first go around) but whatever is in that section was heavily tested. When I find out what it is, I'll comment.

Much to my surprise, cost accounting was not that heavily tested for me. I had some pretty basic questions in regards to variance analysis but I didn't have too much else. I had one overhead variance to calculate (which sucked for me because I spent too much time in my final review trying to learn this since I didn't learn it in college. Thus, it prevented me from fully reviewing the last two chapters of BEC). I also had an equivalent units problem to calculate.

I would focus on knowing the financial ratios, the different types of economic theory, and everything I mentioned above. I didn't put forth the kind of effort I needed to but still managed to get a 72. I think the test is certainly the easiest out of the 3 that I have taken, but everybody is different. Good luck!

AUD - 79
BEC - 77
FAR - 83
REG - 83

Licensed FL CPA

AUD- 71,79
BEC- 72,77
FAR- 83
REG- 63,71,83

DONE!

[Anonymous]

COSO is a key area, not so much in terms of the volume of questions devoted to it but in terms of the depth of your understanding of it. It's not enough to know the components of the frameworks. You also need to know how various control functions fit within the framework. Becker covers this well in Chapter 1. You just have to really study it.

Chapter 2 is a very important chapter, IMO. Know the difference between variable and absorption costing. Know how to calculate equivalent units under both methods presented in Becker. Know how to calculate COGS, COGM, WIP ending inventory, finished goods ending inventory, direct materials costs, direct labor, costs, prime costs, conversion costs … basically everything in Chapter 2, you need to know it. Really focus on the homework questions in Becker for this chapter. Do them over and over again, and write down the steps to solving the problems until you understand exactly how to approach these questions.

Obviously, you need to know how to calculate NPV, IRR, CAPM, and all the other financial analysis stuff in Chapter 3.

As far as IT, terms, processes, and segregation of duties are key.

For economics, you need to know how monetary policy affects the economy (i.e. interest rates, inflation, unemployment), the difference between demand/supply and QUANTITY demanded/supplied. Know what market conditions increase or decrease demand/supply. Know how to calculate marginal propensity to save/consume. Know how changes in exchange rates affect the importing and exporting nations in a trade scenario. Know how to calculate GDP.

As for WC, don't sweat those unless you are a really poor writer.

It's been a month since I took BEC, so that's pretty much all I can say. If you're using Becker, you're going to be fine if you really put in the effort on the homework questions.

[mhueycpa]

Basically everything Casey said. Sat for the Exam 5/2. I prepared with Becker and supplemented with NINJA MCQ. I didn't see anything on the actual exam not covered by the review material. Know CAPM, all i remembered was that the Beta was multiplied by something, but didnt know what that something was, so that was points lost. Its funny that the first time i took BEC which was over a year ago, WC was more about FAR topics then BEC topics, this time around WC was more related to BEC. I'd also suggest knowing what ERM is and how it works for companies.

THE 300 CLUB WILL DO JUST FINE!

[Zyx]

I am taking BEC on Monday, trying to stuff MIS and economic in my head. I don't like the areas that you just have to remember. Did anyone have those budgeting questions that definitely take more than 2min to solve?

AUD - 77
BEC - 81
FAR - 80
REG - 77

zyx

REG: 77 x2
BEC: 81 x3
FAR: 68 retake 10/1
AUD: 8/27

[iwillpasscpa]

Thanks a lot! I will also rewrite all the formulas before the exam.

FAR - 79
AUD - 72 / 85
REG - 85
BEC - 73 / 82
DONE!

[Anonymous]

And I had almost zero Economics but a ton of Cost and Financial Management.

Don't go by what people say was heavily tested on their exam. Yours likely won't look anything like another person's. Just make sure you know it all and cover your bases.

[Author]

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