May 14, 2014 at 3:33 pm #593610May 14, 2014 at 3:33 pm #185552
The answer is B. Comparable sales.
“The use of comparable sales is not an income approach to valuation of a business, it is a market approach. Under the comparable sales approach, the value of a business is determined by comparing it to other entities with comparable characteristics for which the value is more readily determinable.”
This was a tricky oneMay 19, 2014 at 11:28 pm #593611TPA JaredMember
Can anybody give any advice on the length of time to study for BEC? I'm planning on taking AUD on July 1 and want to get BEC in the last week of August. I was going to start studying BEC immediately after taking AUD…good idea? bad idea? Any thoughts are welcome!
AUD – July 1
BEC – Last Week of August
FAR – TBD
REG – TBDMay 20, 2014 at 6:11 pm #593612snowwing3731MemberMay 20, 2014 at 6:32 pm #593613How many letters do you needParticipant
I'm taking BEC for the first time on Sat so I'll come back with an update. My initial thoughts are that the claims that BEC test topics not covered in prep material is significantly overblown. What I think is really happening is that a lot of students study the material as it sits without attempting to really understand the material. With BEC more so than the other three, there is tons of room for the AICPA to flip the material around in different angles….doesnt mean the material isn't what you studied, it perhaps means that candidates aren't taking the time to understand it. My suggestion is to take the time to understand the material; don't memorize formulas…understand what they are and what they are trying to show so that when test day comes you are ready for that AICPA spin…May 20, 2014 at 6:47 pm #593614NYCaccountantParticipant
@How many letters do you need Sorry, you're wrong. The material on my exam was new material. I'm not an idiot and I understood the material very well. With that being said, I passed, so good luck to you on Saturday.May 20, 2014 at 7:59 pm #593615snowwing3731Member
@NYCaccountant u r right, becauz the BEC is pretty easy content, it doesn't like the AUD which looks straightforward but these answers are tricky. Do u have experience u can share on BEC? How u suggest the review? Thanks.May 20, 2014 at 8:04 pm #593616AnonymousInactive
Good luck to everyone taking BEC this week!!!May 20, 2014 at 8:42 pm #593617mjp44Member
For me, the random theory/definition questions did me in. I felt the computational stuff, for the most part, was fair. However, I came across some questions that you would find within 1-2 sentences in Becker…and some I believe we're not in the material at all!. Guessed alot on some of those questions which is why i am nervous as hell for the score.May 23, 2014 at 1:39 am #593618dpad124Participant
I'm shooting for early July. Let's do this guys!May 23, 2014 at 7:56 pm #593619dpad124Participant
This is my first section, and boy! This section has the most random selection of topics. It feels like it's covering information from like 10 different classes.May 25, 2014 at 6:42 pm #593620AnonymousInactive
Hey everyone! I'm sitting for BEC on July 3rd and I'll be starting my studying this coming weekend. I already passed BEC but lost credit for it. I just took FAR a few days ago and I really dont know how it went. If I didnt pass I'll be studying for BEC and FAR together during June..it could be a long month! haha. Good luck to everyone!May 27, 2014 at 5:45 pm #593621AnonymousInactive
@amanda_1988 – I am taking mine on July 3rd also and plan to start studying this coming weekend too! I am going to be using Becker and right now I'm contemplating Jeff's BTGO special and buying the BEC book and MCQ and getting the BLITZ.
What will your study strategy be?
I recently passed AUD and I used only Becker by watching each video section and taking my own notes, doing MCQ soon after and writing down any of the ones I got wrong, typing notes and wrong questions, then going back and answering the questions I got wrong the first time around. I did all the simulations and practice exams in the week before the exam. I am going to try this study strategy for BEC also mixing in the NINJA products and focusing on the weak points identified by the adaptive learning technology.May 27, 2014 at 5:51 pm #593622AnonymousInactive
2 more days!!!!May 31, 2014 at 4:30 pm #593623AnonymousInactive
@dberndt I'm using Becker and will be doing two sections a week. I'm hoping that after taking FAR, BEC will seem like a walk in the park but we'll see. For FAR, I used the Wiley Test Bank and Becker but I'm going to really focus for this section and just use Becker- it worked once so it should work again. What's your strategy?
I just sat down with my book to listen to the first lecture, which is a weird feeling since I haven't gotten my score back from FAR yet. I'm sooo not ready to start studying again- that was a short week long break.May 31, 2014 at 4:39 pm #593624AnonymousInactive
@amanda_1988 – I am using Becker too but I also puchased some NINJA stuff over the Memorial Day Weeekend sale (MCQ, Book, and Audio). I'm going to shoot for 2 sections per week also leaving a little over a week for reviewing. I'm hoping the NINJA MCQ can help me identify my weak points and the parts that I need to focus more attention on right before the exam.May 31, 2014 at 4:56 pm #593625AnonymousInactive
That's not a bad idea- I will probably buy the ninja audio too because its helpful to listen to in the car. I originally had my test scheduled for July 11th but I felt like 2.5 weeks of review was overdoing it plus it would ruin the 4th of July 🙂May 31, 2014 at 5:00 pm #593626AnonymousInactive
Yep, that is why I scheduled it for the 3rd also. Enjoy a nice holiday weekend, then gear up for a rematch with REG in August!May 31, 2014 at 8:37 pm #593627AnonymousInactive
5 days 20 hours 23 minutes…..just saying 😉June 1, 2014 at 12:13 am #593628AnonymousInactive
I have no motivation to study…I got through the first lecture but I hate all the COSO/ SOX stuff. I would so much rather do calculations that memorize this random stuff.June 1, 2014 at 1:01 am #593629ravenMember
Hi Everyone, I started studying for BEC last week and I'm tentatively taking the exam the first or second week of July.June 1, 2014 at 1:45 am #593630WANNABE_CPAMember
Hey everyone, I am planning to take BEC end of august, since I waiting for FAR result until coming weekend…no studying until then. If I pass then I m going to be studying this first time.I have Becker review.any suggestions on how to go with BBC?June 1, 2014 at 4:51 am #593631AnonymousInactive
Has anyone else done B1 on Becker and find the first set of MCQs ridiculously difficult? I feel like the book doesnt even help.June 1, 2014 at 5:08 am #593632June 1, 2014 at 5:16 am #593633AnonymousInactive
It's the COSO/ERM section. Maybe I'm still in FAR mode or something but the questions seem really obscure and ambiguous.June 1, 2014 at 6:14 am #593634h0wdyusMember
I started somewhat of a review with Financial risk Mgt and Cap Budgeting. A lot less boring. Then plan to do Financial Mgt; Performance Measures ; cost Measures.. Then go to economics and then do IT and governance. All this only if I pass Reg.June 1, 2014 at 4:40 pm #593635AnonymousInactive
@wannabe- my only advice would be to move your test up, unless you have to retake FAR. Three months of studying for BEC is way, way too long. At the very least, you should be getting through one section per week which would put your test at the end of July, with a generous amount of time to review. I would move your test up and try to take audit at the end of August.June 2, 2014 at 5:00 pm #593636
NINJA Parth: preparing for BECJune 3, 2014 at 1:18 pm #593637MayBeeCPAParticipant
Hi all. I hope to be more active here. My exam is one month from today. I'm doing Becker live. I've worked through B1 so far. Happy studying!June 6, 2014 at 1:59 pm #593638
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