AUD Study Group - Page 4

Viewing 15 replies - 46 through 60 (of 213 total)
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  • #2189851
    msu1234
    Participant

    Elich,
    I know. That one little word changes everything about a question.
    But that is the way the test is worded too. Out of all of the tets, I feel like audit is the most tricky in that way.
    Like the word ‘issuer' used to be something I just glanced over.
    Now I ask myself on every question “is this public or non-public”
    Don't worry, that's what practice questions are for. To get you thinking about those little things.
    Good luck in your studies and on your test!

    #2191120
    Elich
    Participant

    Thank you Msu123,

    I really needed some type of hope and motivation. I am thinking about getting the Ninja MCQ, I really hope it will help. So when I am done with Roger lectures, let me just hammer the MCQs right?

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - NINJA in Training
    I can do all things through him who strengthens me - Philippians 4:13
    #2195224
    Ny
    Participant

    My name is Nicole. I am taking the exam on March 9th. I am looking for help throughout this journey. What is considered “Average Net Receivables” in the Receivables turnover ratio? I am studying using Gleim but I didn't see any real explanation in the outline.

    AUD - NINJA in Training
    BEC - 74
    FAR - NINJA in Training
    REG - 68
    Just get it over with Ny!!!
    #2196106
    To0ld2Pass
    Participant

    @MyTime2Shine average receivables would be taking the balance of current year and prior years and dividing by 2. If it says net receivables i would think it would be the current year receivables minus allowance for doubtful accounts plus prior year's divided by 2.

    Avg Receivables = (Current Year Receivables + Prior Year Receivables)/2

    Avg Net Receivables =((Current Year receivables – Current Doubtful accounts) + (Prior Year Receivables – Prior Doubtful)) / 2

    Tried to write it out in formula, not sure if i succeeded 🙂

    AUD - 81
    BEC - 79
    FAR - 76
    REG - 78
    Always chose the road less traveled.
    #2197546
    Ny
    Participant

    No, this was definitely helpful. Thank you. I used google and some examples used prior year and some did not so I wasn't sure which to use.

    AUD - NINJA in Training
    BEC - 74
    FAR - NINJA in Training
    REG - 68
    Just get it over with Ny!!!
    #2200222
    theJackedCPA
    Participant

    Got my score today got a 90. I'm in Grad School. I studied 3 weeks, about 6-8 hours a day. Happy to answer questions.

    AUD - 90
    BEC - 93
    FAR - NINJA in Training
    REG - 96
    We are Firemen!!!
    #2200396
    shakil127
    Participant

    @thejackedcpa what material did you use? What was your study routine ? Is it your first time taking audit?

    AUD - 81
    BEC - 83
    FAR - 78
    REG - 78
    Need to pass REG and AUD

    BEC-77
    AUD-66,72,82
    REG-66,64(Q3 2015),80 (11/30/2015)

    #2200555
    Ella P
    Participant

    Got an 86!!! Cannot believe it. I'm a tax person and hate audit, but Roger must have prepared me well. I studied less than REG and FAR for sure, but enough obviously.

    #2200825
    Elich
    Participant

    Ella P,

    I am also using Roger. I am understanding the concept but not doing good in the MSQs. Should I just stick with the MCQs on Ninja? Advice please? Thanks

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - NINJA in Training
    I can do all things through him who strengthens me - Philippians 4:13
    #2201308
    theJackedCPA
    Participant

    @Shakil127 I used Becker and this was my first time taking Audit. I first went through the entire course listening to the entire lectures, skill practice, MCQs. After that initial review I never listened to the lectures or the skill practice again. I think they are a waste of time. I like to read the book, and then repeatedly write down on paper the information I feel will be tested, as it helps me better remember. When I felt brain dead or tired, I would just drill MCQs. I think people waste too much time on the mock exams trying to recreate the actual exam. I often would do the mock exams and only do a couple of simulations or just the MCQ, continuously exposing yourself to different types of questions is essential. Hope that helps

    AUD - 90
    BEC - 93
    FAR - NINJA in Training
    REG - 96
    We are Firemen!!!
    #2205028
    Elich
    Participant

    Congrats @Ella P i cant wait to take mine and feel the same way. I was wondering if you used @Roger Cram Course. I have it but dont want to waste time on it if it is not usefull.

    Thanks

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - NINJA in Training
    I can do all things through him who strengthens me - Philippians 4:13
    #2206378
    mcast126
    Participant

    Hi! I am currently studying for Audit and I have to say I have been scoring between 50-70 on the mcq! I have passed two parts so far (FAR and REG) and What has worked for me is reading the book twice, doing mcq twice and sims once. To be honest, I never pass any of the mock exams… the actual test seems to be much easier though.

    FAR – 64/77
    REG – 82
    AUD – March
    BEC – TBD

    #2208439
    BryGuy
    Participant

    Hey Guys, First time posting on this forum for AUD Q1.

    I took AUD back in October '18 and got a 74. I moved on to REG and just took it yesterday (2/8/19). Now I have AUD scheduled for a retake on 3/6/19 and I have a pretty good idea of where I need to focus my review in order to prepare well enough to get that 75! Does anyone have any review tips for someone in my position ? Anyone who was in a similar situation and passed/failed again ? I am looking for any tips on what TO DO and what NOT TO DO.

    Any feedback is much appreciated!

    #2214385
    Kevin
    Participant

    I just took AUD on the 5th, so I dont have my score back yet. But if I were to give advice, I would say on the MPQ side just do tons of practice questions. On the sims side, the common belief is that you don't really need to practice them. However, if I have to take AUD again I would definitely practice the audit sims. The sims and the MPQ test different aspects, obviously, and getting familiar with those type of questions should help. All my sims were on different subjects too, so I would make sure to go over every application area.

    REG - 99 (12/05/2018)

    AUD - 85 (02/05/2019)

    BEC - 92 (05/30/2019)

    FAR - 94 (09/05/2019)

    #2214967
    yfz
    Participant

    @Mcast126
    I'm on the same boat with you. Passed FAR in Dec and REG in Jan, now working on audit and planning to take it in March. I'm using Becker only, and I have been scoring around 60s for the MCQ. My biggest challenge now is that reading the book starts to put me into sleep immediately. Never happened before when I prepared for FAR and REG.

    FAR - PASSED ON 12/19/2018

    REG - PASSED ON 2/5/2019

    AUD - PASSED ON 3/19/2019

    BEC - PASSED ON 5/7/2019

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