Financial Ratios for AUD

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  • #165656
    Anonymous
    Inactive

    How must time should I spend memorizing the 30+ financial ratios listed in Becker?!?

    I remember a few of them from FAR but I don’t want to waste my time trying to remember all this junk if there are only a handful I REALLY actually need to know…

    Thanks!

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  • #321928
    misanthrope87
    Participant

    I would say it's helpful if you do memorize them.

    B 2/12 87
    A 11/11 90
    R 8/11 86
    F 5/12 88

    #321929
    Anonymous
    Inactive

    Wow – are there really that many in Becker? Wiley only lists about 10…

    #321930
    jeff
    Keymaster

    You SHOULDN'T memorize 30 ratios for AUD.

    To borrow AUD terms – that's Effective, but not Efficient.

    Well, you can if you want. Go ahead and memorize the SASs while you're at it. 🙂

    The AUD NINJA lists 4 to memorize.

    If I were sitting today, I would know the current, quick, and know how to basically figure out which turnover ratio they were talking about…what is being “turned over” is in the denominator, so you have that part down – you can usually figure the numerator out.

    AUD - 79
    BEC - 80
    FAR - 76
    REG - 92
    Jeff Elliott, CPA (KS)
    NINJA CPA | NINJA CMA | NINJA CPE | Another71
    #321931
    Tebowwwww
    Member

    I'm with Jeff – I didn't bother to study/memorize the ratios beyond what I already knew from accounting classes. Stick with the basic liquidity ratios, understand some obvious ones (debt to equity for an example of ‘obvious', just know what it's about) and then turnover ratios.

    REG (7/7/11) 75
    FAR (7/28/11) 76
    BEC (8/27/11) 81
    AUD (10/15/11, 1/20/12) 63, 91

    DONE!!!

    #321932
    Anonymous
    Inactive

    Thanks Jeff, I'll check the Ninja notes but that's what I figured…

    Becker stated that, “In recent years more exam questions have focused on financial ratios” but 30+ seemed absurd.

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