1. 

   CPAMan
   

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   Those REG Sims are getting in the way of me passing this beast. A lot of people said that the key to doing well in that portion is to use the Research Tab for the Sims and look up your answers. Can someone tell me how I can do that, especially if the exam is asking for extensive calculations?

   Of course, I'm going to study again so I won't have to rely on it. But I just thought I'd ask just in case I might have to use it next time. I'd appreciate any input.

   Thanks!

   FAR: 52, 66, 73, 61, 89
   AUD: 47, 87
   BEC: 80
   REG: 64, 74, 84
   
   DONE!!!!

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   Posted 5 months ago #
2. 

   StellaFL
   

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   I just took REG - found out I passed with an 88. I did use the research tab for a few simulations. When asked to do calculations, it's always the result of applying a tax treatment to a particular scenario. So if you can identify the scenario and use key words to search the code, you should be able to find a section that tells you how the calculation is performed. Example: if you know the calculation has to do with an installment sale, you could search for "installment sale" and the code will tell you how to calculate what portion of the principal payment should be recognized each year. Obviously you would then use the calculator or spreadsheet to do the calculation.

   The key is to be able to identify what is being asked so you can search efficiently, using the key words that will lead you to the proper section of the code.

   I found the simulations in the Wiley software and book to be very similar to what I saw on the test (this was my first exam).

   You're so close to passing this whole thing! I'm just starting - BEC next for me - what should I expect there??

   REG 11/28/11 - 88
   BEC 04/04/12 - 88
   FAR
   AUD

   Posted 5 months ago #
3. 

   CPAMan
   

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   Member

   Here's an example of a hard Sim....

   See page 44 of the 2011 AICPA released questions...
   http://www.becker.com/accounting/cpaexamreview/students/2011%20AICPA%20Regulation%20Questions.pdf

   Here's the IRC link:
   http://www.law.cornell.edu/uscode/html/uscode26/usc_sup_01_26.html

   Page 44 on that PDF file is an EXCELLENT example of how bad these Sims can get. Let's say I get that Sim on my exam. How would I research this so I can calculate all of those items on the cell?

   Thanks!

   FAR: 52, 66, 73, 61, 89
   AUD: 47, 87
   BEC: 80
   REG: 64, 74, 84
   
   DONE!!!!

   Posted 5 months ago #

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