Hi, I am taking REG on Sunday, 8/8. Is the cutoff for wave 1 on Sat, 8/7? Thanks.

Hi, I am taking REG on Sunday, 8/8. Is the cutoff for wave 1 on Sat, 8/7? Thanks.
They say it's usually the 6th or 7th but I took my Far exam last window on the 10th and it was still included in Wave 1... it seems they can never make up their minds on when the cutoff is! :) Good luck on your exam.
koliver,
what did you think of the reg exam and can i ask how you prepared and for how long?
The Reg exam was tough but I know I should have probably been putting in more time especially in the final couple of weeks. I don't even know how to guess on the multiple choice and on whether they were getting harder or not but I know the simulations kicked my butt. I'm hoping I scraped up all of the written communication points because I will definitely need them.
I started studying on the 5th of July with Becker. I would cover one chapter every three days. So I would watch the lecture on Monday, review the material on Tuesday, and do the multiple choice questions on Wednesday. I would do the next chapter then on Thursday, Friday, and Saturday. Sunday was my dedicated simulation day. I know they say to take a day off but I didn't feel like I really needed to since I wasn't studying for the entire day every day.
Starting on the 29th I was doing my final review. Each day I woudl browse through a chapter and look for sections I wasn't completely comfortable with and would also read the pass keys and then re-do all multiple choice questions. Each day I would do a different chapter. Randomly I would also take progress tests to make sure I kept the material fresh in my mind. The day before the exam I took the practice final exams. I did better on those practice exams than I did on the practice exams for both FAR and BEC so I assumed I'd end up alright with REG. Well... I have a feeling I assumed wrong. Although, my sister did just have her baby so that definitely through a kink in my study schedule and my focus... I'm finally and auntie!! I can't blame anyone but myself if I fail though, I should have put in more time and made my life miserable. Was it P. Olinto that says "There is an inverse relationship between your happiness and passing the exam.".. something like that anyways. Hope this helps and good luck!
I just got home from REG and it didn't go well. The questions definitely did not get more difficult on the 2nd or 3rd testlets. In fact, they were very straightforward, I just didn't know the answers. In retrospect, I focused way too much on more complex areas and ignored the easier stuff, therefore not really mastering anything. The sims would have been fairly easy for someone who was more prepared than me. I'm fully prepared to have to take it again by the end of the year.
Sanity check - I'm using Becker 2010 materials to study for REG - so all the numbers I'm studying in the book should be the one's that will be used during the test, correct? Or do I need to go somewhere to see if any numbers have been updated?
@bmw.cpa- I used Becker 2010 to prepared for my REG exam on 7/2, and I would use those #'s in that textbook. However, I think you should concentrate more on the theory (i.e. what is and what isn't an itemized deduction, what is and isn't a casualty loss, etc) more so than the dollar amounts associated with them. Good luck.
Thanks, DocHalladay! Good luck to you, too!
I took REG for the third time on 6th. Was interesting that one of my simulations was exactly the same as the one that I had on my second REG attempt. Overall I felt the exam was more straightforward than before... I hope it means I knew material better:) Are we expecting grades around August 20th for the first wave?
I took AUD on 7/11, taking REG this week, 8/12 and BEC 8/25, 3 exams in a month and half, what are my chances, has anyone ever crammed them in this tight before? how did you do?
@mpofu....sorry, I've been slacking. Bombing FAR, really put a damper in my studies.
My email is valenzuelaclan@hotmail.com
Thanks for everything.
@Valenz- Not knowing my REG score is really putting a damper in my studies for FAR! It's annoying, truly annoying.
@dochalladay....same here, not knowing my FAR score is dampering my REG studies. Well of course, and the fact that I'm positive I failed. It's slowed my pace for sure, not near as determined.
I'm thinking of moving REG back to October now....what's the hurry?!
Just get REG outta the way; if, and a big if, you failed FAR, you'll be able to study for that through September and not have to worry about studying for REG as well.
CPA-Valenz: FAR really knocked the air out of me too. You need to fool yourself into thinking you passed FAR and study for the next part.
Btw, grats on that 75 for FAR!
@unreal, yeah, I've been kicking it back into gear. I have convinced myself to complete 3 of the Yaeger lectures a night, even if I'm tired and want to go to bed.
So, far I have stuck to the plan, and am finally finishing up DVD 4 of 10. It's going to be tight to be ready by the 31st, but I have several vacation days I can use to get there.
@unreal....how did REG go yesterday??
Anna,
You go girl, i am watching out for you.All the best.
CPA-Valenz: REG actually seemed pretty easy. I definitely got the feeling that I passed, unlike when I took FAR. The simulations were primarily responsible for that; I was given very very easy simulations to complete. Luck was definitely on my side in selecting those simulations.
The first multiple choice testlet was almost a giveaway. The questions were very straight forward. The next two testlets were definitely a level up from the first, but by no means difficult.
Hello everyone. I will be planning to take REG 8/31. I don't know why they put in so much info about Business Law when its only 20% of exam? (not including Professional Responsibility which is 20%) in comparison Tax is like 60%? Guess I'll focus most of my study Tax and Pro Resp/Sox since I have a short time frame from now to 8/31.
Does anyone know when to expect REG scores for Wave 1? I am a new user and learned about this site recently. This is my last part and I am very anxious. I took REG on July 2nd.
Quick question; and may start my own post. Has anyone used Wiley AND Becker? I used Becker for FAR, AUD, and BEC with success. To add, I also used Wiley for some supplementary on BEC and AUD.
I picked up the REG Wiley book for additional MC but now feel as though my time is thin with two weeks left. I have not gone through all of the Becker Final Review software either, having just received it last week.
So.....any experiences with Wiley and/or Becker. I know for BEC and AUD, the Wiley book helped a little--on IT and Substantive testing, respectively. Will take any advice generously.
Thanks and good luck to all.
leebird- if you have becker, i think focus only on Becker M/C. i would go to wiley for areas where i need more practice and/or if i have extra time. also the sims are great in Wiley, again my theory is do sims if i have time to study. good luck!
Thank you Mpofu:-)
Leebird, I mixed and matched Wiley and Becker, and moved completely to Wiley when my Becker expired. If you have time - do Becker's plan - they are very organized. Lectures, MCQ several times, maybe simulations.
If you don't have time and just wanna learn from MCQ - Wiley is very good because they have plenty and the explanations are very thorough. Also, you can always find an example of every possible concept in Wiley's book - Becker doesn't have that.
Anyone think Wave 1 might be released this week, or is the guess still next week sometime? The wait is killing me, especially since I am taking BEC a week from today.
Ya I have definitely been wondering about when they were going to release wave 1 scores....This wait is brutal. Wasn't the first thought that they might be released today? If anyone has any idea, i would appreciate it.
I heard this morning that the best guess for the AICPA BEC release is Wednesday.
My free score release FAQ e-book could clear up some confusion:
Hello REG friends. I'm taking REG 8/27 and right now I'm re-studying lecture R-1 (Becker) and re-doing the homework problems. I'm having some difficulty distinguishing which "transactions" (for lack of a better term right now) are classified as itemized deductions, deductions, exemptions, etc. Anyone have any helpful hints on how to study/memorize this? These little tricks keep throwing me off in my homework questions.
Any advice is much appreciated! Thanks! And good luck to everyone waiting for REG scores...I'm waiting for BEC :)
bmw - These can be tricky, so unfortunately there are some things you will have to commit to memory. Exemptions are standard dollars amounts that each tax payer gets to claim for themself as well as any dependents. Just think of the exemption as a per person standard amount (keep in mind they can be phased out, but I doubt they would test on the dollar amounts). Then you have above the line deductions, such as alimony paid, student loan interest, etc. These are items that reduce your AGI. (They adjust your income). Next you have your standard deduction or you can itemize your deduction. For itemized, you will have to memorize, but the main ones are mortgage interest, real estate taxes, charity and medical. I highly suggest studying the actual tax forms, both the 1040 and the schedule A. Just looking them over will help you understand where the adjustments, exemptions and deductions are used and what they do for the tax payer.
bmw.cpa, I was struggling with that too. Best advice I can give is to remember that above the line deductions you can get regardless of your income, and most below the line deductions will depend on your AGI, phase outs, percentage etc.
Also, writing up the lists of them - first with the book, and afterwards from your memory helps. One thing I can say - it'll come to you eventually, after enough of MCQ and memorization.
So when is the best guess for the REG score release? Could it be Friday or even tomorrow?
Thank you Patrick and Anna, your advice was much help!
What is the best book to refer for regulation ??
hopeforthebest:
The best review for Regulation is Yaeger and if you combine it with the CRAM even better; I am Yaeger converted after used Becker's
Good Luck!
I thought REG was the last one to be released? So maybe late next week? Or is it actually going to be this Friday (8/20)?? Thanks.
Good Luck everyone!!
Jeff's book says its either Audit or Reg released next but I would expect Audit on Friday, and Reg and Far next week. Just a gut feeling.
Yeah, REG will probably be released last, just because I am waiting for it. I am just that type of a lucky person.
I believe the loophole works after scores have been released by the AICPA but has anyone tried it??? It just keep telling me that they are in process.
If I took the exam on 8/12, is there a shot in hell I make it in the first wave? I highly doubt it, but was just wondering...and if not, about when would second wave be released?
Thanks
@bpw - I took Reg on May 12th in the last window and was still in Wave 1. It's kind of a gamble. Assuming you didn't have a new simulation, you stand a chance and it's not impossible.
If you're in the 2nd wave I wouldn't expect the results till near the end of September, maybe about the 3rd week.
I have literally not thought about the CPA until today because there was no chance REG would be released. The second that there is a chance scores may come out and I am entirely glued to the computer.
I'm confused about the personal exemption for casualty and theft losses - I thought it was $100 for 2009 (and therefore what will be tested on the exam I have in a week)? I just did the practice exam for Becker and got one of the sims wrong because it said there's a $500 exemption per occurrence? Which is it? I think I'm majorly confused. Help?
$500 for now, bmw
@bmw: Depending on the software you have, it may be out of date. Becker gives updates on its website (though I never actually figured out where or how to use these). The amount IS $100, though.
For the exam, you are usually not required to know specific numbers like that, though. Be familiar with the concept and that there is an exemption in general. They know that figures are always changing, so you're not expected to know exact amount. Mostly the theory behind it.
@dropout- Agreed with the general knowledge of the theory, but should they happen to test, the amount would be $500. Check a few of the other forums for REG for this same question. Becker, in their 2010 Software, uses the $500 amount for a reason.
And the reason is, it's changing to $500 back again. Check 2010 updates on Becker website.
I thought the update said it is $100 for 2010. I changed my numbers in the book according to the 2010 tax law update.
From the Becker 2010 Tax Law Update: "For 2010, the $500 reduction for casualty and theft losses returns to $100."
Posted June 22, 2010.
Sorry, Potatogun, you're right! Please ignore!
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