[krokofilen]

Hey

Those of you who have studied BEC more than a few hours – what variances are being tested? I’ve just noted material P and Q variance thus far, but there has to be more?!

Big 4 Audit Manager from Europe here to pass the CPA in the U.S. of A in 2014! Niiice!

AUD - 95 / Jul 15 / 130h over 4 weeks
FAR - 86 / Aug 14 / 240h over 4 weeks
(11 week break)

REG - 81 / Nov 14 / 200h over 4 weeks
BEC - 87 / Nov 17 / 30 h over 2.5 days

[greg422]

Overhead variances as well

REG - 82
AUD - 97
BEC - 81
FAR - 84
DONE!

[hneagle1]

All the direct labor variances too!

FAR - 82 (8/30/14)
AUD - 95 (10/7/14)
REG - 82 (11/7/14)
BEC - 85 (11/26/14) - PEACE OUT!
Roger CPA, WTB, Becker, and Ninja Notes (with added prayer, tears, and hope!)

[krokofilen]

Same formula as for materials P though, right?

Big 4 Audit Manager from Europe here to pass the CPA in the U.S. of A in 2014! Niiice!

AUD - 95 / Jul 15 / 130h over 4 weeks
FAR - 86 / Aug 14 / 240h over 4 weeks
(11 week break)

REG - 81 / Nov 14 / 200h over 4 weeks
BEC - 87 / Nov 17 / 30 h over 2.5 days

[Anonymous]

Are you using Becker? They lay it all down on one page I believe.

Also, how did your REG exam go?

[krokofilen]

Not really using it, no. Got it here though, will take a 5-min look since that's about the time I got 🙂

REG went alright – https://www.another71.com/cpa-exam-forum/topic/reg-exam-experience-today

Big 4 Audit Manager from Europe here to pass the CPA in the U.S. of A in 2014! Niiice!

AUD - 95 / Jul 15 / 130h over 4 weeks
FAR - 86 / Aug 14 / 240h over 4 weeks
(11 week break)

REG - 81 / Nov 14 / 200h over 4 weeks
BEC - 87 / Nov 17 / 30 h over 2.5 days

[Anonymous]

Haha, awesome. Given your past results, I'm sure you nailed it.

When are you taking BEC? Since I wasted 2 weeks and have 1 week left to go, looks like I'll be cramming with you =/

[krokofilen]

Taking it tomorrow at 8:30.

Studied for about 2 days now, went up at 3 am and studied to about 6 pm. Then went to bed, and up again at 3. (sounds worse than it is, since I haven't adjusted to US time, so it's actually up at 9 am and studying to 12 pm, my time).

This schedule means I will have a few good hours between 3-7 tomorrow morning too. :p

Big 4 Audit Manager from Europe here to pass the CPA in the U.S. of A in 2014! Niiice!

AUD - 95 / Jul 15 / 130h over 4 weeks
FAR - 86 / Aug 14 / 240h over 4 weeks
(11 week break)

REG - 81 / Nov 14 / 200h over 4 weeks
BEC - 87 / Nov 17 / 30 h over 2.5 days

[Anonymous]

Make sure you touch the MCQ for all the chapters. Do the progress test. Read the outlines.

[krokofilen]

Doing random MCQs now, going alright but not there yet. Won't have time for a progress test – I consider them valuable when you got like a week left (gives you an indication of how well prepared you are at that point, with still time to improve), but not when there's 8 hours study time left 🙂

Big 4 Audit Manager from Europe here to pass the CPA in the U.S. of A in 2014! Niiice!

AUD - 95 / Jul 15 / 130h over 4 weeks
FAR - 86 / Aug 14 / 240h over 4 weeks
(11 week break)

REG - 81 / Nov 14 / 200h over 4 weeks
BEC - 87 / Nov 17 / 30 h over 2.5 days

[Anonymous]

For the variance analysis I found these mnemonics to help a lot:

For standard variance:

AS QP (ass cupie).

AQAP AQSP SQSP

For overhead variance:

SEV (spending, efficiency, volume)

ABA BSA (aba busy) see B2-46 on the Becker textbook.

[krokofilen]

Thanks.

I reviewed it. They really don't do a great job in explaining the OH variance. I get the concept, but find it kinda tricky to apply. Did you see any MCQs on calculating the fixed OH variance?

Big 4 Audit Manager from Europe here to pass the CPA in the U.S. of A in 2014! Niiice!

AUD - 95 / Jul 15 / 130h over 4 weeks
FAR - 86 / Aug 14 / 240h over 4 weeks
(11 week break)

REG - 81 / Nov 14 / 200h over 4 weeks
BEC - 87 / Nov 17 / 30 h over 2.5 days

[Anonymous]

I don't remember, but fixed overhead variance should be easy because it's just a matter of actual FOH vs. applied FOH. Applied FOH would just be the budgeted FOH/budgeted driver x actual driver. Actual FOH should be given.

The trickier part is that the spending variance in SEV basically includes both variances in VOH and FOH.

[Author]

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