MCQ Approach To Regulation [input appreciated]

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    Topic
  • #201512
    debitcash
    Participant

    Just went through all the lectures in my Becker book. Planning on doing a thorough read through of the material. Then will move on to attacking the MCQ. My question is:

    Should I do all Becker MCQs and then do all Ninja MCQs or will the Ninja MCQs alone suffice?

    In my experience, the Ninja MCQs seemed to have mimicked more of what’s to come on exam day? Does this hold true with Regulation as well?

    Also, looks like an update is coming fairly soon, am I at a loss if I do not know the exact indexed phaseouts and limits/brackets?

    EDIT:

    I would also do the majority (if not all) of the Sims in Becker (limit it to Becker or add Ninja (or just Ninja))?

    Understand that I am looking for efficiency and effectiveness. That is the key to passing these exams, I believe.

    FAR:75
    BEC:76
    AUD:84
    REG:80

    FAR:75!
    AUD:69, 63, 73, TBD
    BEC:76!
    REG:71, TBD

    BECKER + NINJA PRODUCTS

    keep your cool

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  • #773367
    Anonymous
    Inactive

    My company paid for Becker, so I've been going through that completely. Don't bother with the videos unless you find you learn well that way. When I got stuck on FAR, I found that the Ninja MCQs filled in a lot of areas that Becker didn't. Becker was great but for my third attempt, I started using Ninja MCQ and I really think it gave me the extra that I needed to pass FAR. I'm in the middle of studying for AUD and there are *a lot* of repetitive questions but so far that seems to be more related to AUD than either of the review courses. I do think supplementing Becker with Ninja is the way to go. I've found Becker has the hardest questions, Ninja is easier, and the real thing is even easier (with of course some tough curveballs). I'm sorry I can't speak directly to REG though as I didn't use Ninja for it.

    What I can say about REG is that you do not need to know the exact income tax brackets. I can't remember coming across that on the tests, maybe only a couple of times on the practice questions. What you DO need to know are the various phaseouts. The Mom and Pop rental exception and where that phases out, charitable contribution limits for corps and individuals, start up cost treatment, etc. They're not particularly complex and can be memorized fairly easily and I would suggest knowing them.

    For REG, there are a lot of rules and exceptions, so I concentrated on knowing rules and drilling MCQ. I went through all the sims once to get a feel, but barely touched them after that. On test day I really went through the sims on memory of rules and applying what I knew to the situation, rather than trying to learn all the sims in Becker and recalling. I also got some ludicrous sims on test day, about derivatives, AAA, and JEs for futures contracts. Things that did not come up in the Becker sims at all. I went back and checked after the test and there weren't any sims remotely close to what I saw, so more Becker sims wouldn't have helped me. I passed on that one with the wacky sims, so either knowing rules and my way around JEs got it done or everyone else screwed them up too.

    Edit – ALSO! Don't gloss over Gov't and non-profits. I failed the first time probably because I ignored non-profit completely and a lot of those showed up. The 2nd time, not many non-profit but tons of Gov'ts. GRASPP SE PAPI, know that acronym for Gov't.

    #773368
    debitcash
    Participant

    bump

    FAR:75
    BEC:76
    AUD:84
    REG:80

    FAR:75!
    AUD:69, 63, 73, TBD
    BEC:76!
    REG:71, TBD

    BECKER + NINJA PRODUCTS

    keep your cool

    #773369
    maki
    Participant

    Doesn't matter do them all if you have the time but the point is to understand the material. If you do, you can answer any question. MCQ Strategy is effective to help retain concepts especially when you get the answer wrong.

    Roger CPA

    AUD 02/01/16 91
    REG 02/27/16 79
    BEC 04/16 84
    FAR 06/04

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