If I take REG on Feb 6th, will I be in the first scoring window?
BEC - 80, FAR - 76, AUD - 81, REG - 2/6/10

If I take REG on Feb 6th, will I be in the first scoring window?
BEC - 80, FAR - 76, AUD - 81, REG - 2/6/10
You should be eligible for Wave 1, but it's certainly no guarantee. If you get a new simulation (and only the AICPA knows if it's new or not...) - you're Wave 2.
Jeff, do you think that we are going to need to know the 2009 #'s if we are taking the exam in the first testing window for 2009? A coworker of mine swears that we need to focus on 2008 & not even worry about 2009.
@Goingforit, first of: Congratulations on passing CPA exam - great achievement:)
Second, the thing is that I didn't blow ethics off: I did all homework MCQ and practice tests for it and got almost 100% of them correct.
But you're right, it is kind of vague - I think I actually went through them too quick on the exam and didn't pay enough attention to tricky details... I never second-guess.
Anyways... I hope to be done in January!!!
I actually wouldn't worry about too many specific numbers. You can drive yourself crazy worrying about exemption amounts and thresholds.
I think you'll find that the actual exam questions don't require much knowledge of these little amounts that change every year. I was worried about this before I took REG as well; I thought there was no way I'd ever pass it, because I can't memorize arbitrary numbers that have no meaning (of course, the tax law is full of those).
Jeff and others,
I have taken Reg twice (Aug: 65 and Nov: 73) so far all I have used to study is the Wiley book. I have passed the other 3 sections, using only books and not a course. I want to get this remaining section passed and be done (FAR 76, BEC 75, AUD 82) - I won't start losing credit for these until Oct. 2010. I took a course in 2005, failed a couple of sections and pretty much gave up - it wasn't until about a year ago that I started getting serious again about studying and passing.
I was looking at the Yaeger courses - do you think the cram would be sufficient or would I benefit more from the homestudy?
Homestudy is $150 more than the Cram - which is less than paying to take REG for a 4th time, but if Cram would suffice i'd prefer to only use that. Thanks.
You've been doing so great with self-studying Wiley - I'd assume CRAM would do it for you since you're so disciplined...
I ordered HomeStudy for REG re-take because I'm lazy and need everything to be explained to me
Anna or Jeff
Is the Yaeger CRAM the same as the Becker Review? I am struggling to study after getting a 74. I went through the Becker questions for Corporation part and realised I still remember the answers even before finishing reading the question.
I also have Wiley exam review 2009 and I feel the questions are kind of similar with the Becker questions.
I never used CRAM, so I couldn't compare. But I think Becker Final Review is an excellent product. I think if you'd memorize the entire book for final review - you'll be in a great shape for any of CPA exam parts.
And questions in Final Review book and software are more difficult - "third testlet level" I would say:))
I just started with Yaeger CPA Home Study to retake REG (scored a 69 on my first shot November 7). I need to retake the exam by January 31, otherwise my FAR credit expires. If I finish all of the lectures by next Sunday (about 4 hours each day), it will leave me about 20 or so days to do multiple choice questions. Do you think that will be sufficient enough to get those last 6 points I need to pass? Hoping so...
Steve
FAR: 74, 84
AUD: 67, 68, 71, 82
BEC: 71, 76
REG: 69, Retake by January 31, 2010
Hi Steve, I am doing the same thing - will re-take REG on Jan. 16th. I'll be studying 6 hours a day for 10-11 days...
I think best thing we can do is to concentrate and do many MCQ.
Good Luck to you - I hope we'll share good news in February!
I took BEC as my first section in October and passed. REG on the 11th will be my first CPA exam with simulations!
How does that work in terms of format? Do you answer all the MCQ testlets first, and then the simulations are at the end? How many are there for REG?
Thanks in advance!!
melloyello, good luck with REG! For all three exams, other than BEC, there are 2 simulations and 3 MCQs testlets. You have to progress through all the MCQ testlets before the simulations come up, so it would look like an addition to the format of BEC. You also get one simulation testlet at the time, so you'd have to finish the first one before going one to the last one. Keep in mind that the written communication portion of each simulation is worth 10 points (in aggregate - though only one is graded) so general advice is to work on that tab first.
What review package are you using? Becker (the one I know about) has test simulation that look exactly like the ones on the exam and their final exams are also the same in length and format.
. . . tried to delete what I wrote but can't find delete button . . .
Zena, thanks very much for the great info!
I'm using Yaeger Homestudy for my review. They use the Wiley review books, and I'm using the Wiley exam practice CD's for my question practice. It has simulations, but the format is very temperamental! The spreadsheet answer boxes hijack your cursor a lot of the time, and some of the forms don't save your answers. Also, I'll get to the end of a simulation and it will say something crazy in the grade review like 1/19 questions right!
I did get the practice test software from cpa-exam.org installed and I really was relieved that the actual simulation format is much cleaner and easier to use. I guess I'll just bang my head up against the Wiley sims for now, knowing that the actual test format will be nicer.
I didn't realize that only one of the simulations is graded. How does that work? Do they just pick one at random to grade? Do they cut you a break and grade the one you did better on? (haha, talk about wishful thinking!)
Thanks again!
melloyello, yeah, the cpa-exam site does have a sample which is good to take a look at. I was saying that only one of the memos is graded but both simulations are graded. Each simulation includes a memo (written communication tab) but only one of them is graded, the other, presumably, is pretest and will not count towards your score. The trick is we don't know which is which so go for broke on both. Portions of simulations can also be pretest as well as MCQs, but no one ever know which ones they are.
my friend ordered the FARE final review from Becker and she said that it mentioned 15 - 20% of MCQ are test questions!
Hi Anna,
I wish you all the best in your REG exam, could you please tell me the business law percentage in your previous exam window for Reg , some friends told me they had only 20% business law questions in their exam ?
regards
Hey Francois,
Thank you for wishes:-)
I don't think I can estimate that precisely, I just don't remember (plus, even if I could, Jeff would probably remind us about disclosure rules).
But Business Law section was not challeging on the exam at all, I wouldn't worry about it, as long as you review everything that is in your materials.
Taxation caused me more problems (and my score report proved it).
Hope it helps.
Best,
Anna
Thanks Anna, i appreciate it , good luck.
Bonne chance
Francois
I'm re-taking REG on 1/15 after receiving a 74 on 11/4.
Hitting the books 8 hours a day to re-review.
God bless and good luck everyone!
Hi! I took BEC yesterday, and I'm starting to study for REG now. Using Becker materials and Final Review. I plan to take REG at the end of February.
Okay fellow REGers. I am a little confused. I am not sure if this question has been asked. In the Becker question (Reg-2 I believe) It talks about damage to personal property. On one answer it uses $500 exclusion and on another it uses $100. Can anyone help me understand these two different numbers. If you need more specifics please ask and I will look them up! Thanks!!!
Are you talking about personal casualties and theft losses?
Which are calculated, I believe, as:
$ Loss
(Insurance proceeds)
($100 floor) - I think that is what you're referring to?
(10% of AGI)
=========
Casualty loss itemized deduction.
If this is what you are asking about - then it's $100 exclusion.
Yes that is is but there was 2 problems where Becker used $500. what is that about?
Are you sure it's about same thing, or you're reading it correctly?
Maybe there is a mistake?
Which Becker material are you using? If 2009 - can you give reference number?
Or just copy and paste solution.
I think there was $500 exclusion for something... but for something else, not casualty loss.
Okay the $500 is the 2009 number per casualty/event of a nonbusiness casualty/theft loss....what is the $100 that Becker was using?
Loss is also reduced by Insurace recovery and 10% AGI, could it have been the 10% of AGI????
The $500 is the statutory floor for each casualty loss during 2009. It had been $100 in prior years. The deductibility of the casualty loss is reduced by any insurance proceeds received and then only to the extent that the remaining loss exceeds 10% of the taxpayer's AGI. Keep in mind the amount of the loss for each event is the lesser of (1) basis or (2) decline in fair market value.
For example, suppose you have three qualifying losses and an AGI of $20,000. The first loss is $1,800, the second is $5,000 with insurance proceeds of $6,000, and the third is $4,500. The first and third losses are each reduced by the $500 statutory floor (2009) so they are limited to $1,300 and $4,000, respectively. The second loss is completely offset by insurance proceeds and results in a $1,000 gain that offsets part of the aforementioned losses. The net casualty loss before the AGI threshold is then $4,300 ((1,300 + 4,000) - 1,000). The deduction available on Schedule A is the residual amount over 10% of AGI, or in this case $2,300 (4,300 - (20,000/10)).
So then disregard the question where the $100 was used? Thanks for your help, I appreciate it!!!
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