BEC Study Group Q4 2014

Viewing 30 posts - 1 through 30 (of 1,326 total)
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  • #188297 Reply
    #625636 Reply
    RandomAlt
    Member

    First! Behind Jeff.

    Also, my last day studying for BEC

    #625637 Reply
    schizokitten
    Member

    Is anyone using Becker to study for BEC? If so, please tell me Olinto doesn't do all of the chapters. I learn MUCH better from Tim's lectures. :'(

    #625638 Reply
    rzrbkfaith
    Member

    He does them all but one (B4). You will get used to him though. I did…

    #625639 Reply
    schizokitten
    Member

    Oh boy, thanks for the info. I guess I will just have to get through it… LABOR DAY WEEKEND BEC PARTY!

    #625640 Reply
    Gabe
    Participant

    Hello all! Hoping this will be a great study group this quarter! Taking BEC beginning of October

    #625641 Reply
    art vandalay
    Member

    Hey all. Looking to start studying mid September. I have 2013 Becker BEC book. Do you think that is good? My WTB expired also from my 10 point combo last year. Should I get NINJA MCQ instead?

    #625642 Reply
    juuustin
    Member

    Just submitted my first-time app through NASBA! I hear it takes up to four weeks to receive NTS but I am hoping to take BEC at the end of October and FAR at the end of November.

    Just purchased the Ten Point Combo and I have last year's CPAexcel books as well.

    Good luck all!!

    #625643 Reply

    I'll be taking BEC the second week of October. Just started studying, and I don't think it'll be too bad!

    #625644 Reply
    DandyDoge
    Participant

    I'll be taking BEC in the beginning of October and started studying last Sunday. Oh, hope this will go better than FAR did.

    Still alive and kicking.
    #625645 Reply
    dpad124
    Participant

    Checking in. Taking beginning of October!

    #625646 Reply
    seepeeaye
    Member

    taking BEC 10/4. GL everyone in here 🙂

    #625647 Reply
    NJPRU
    Member

    Taking BEC on 10/18.. if i can get through B2. I literally don't know a damn thing in this half of the chapter. haha uye!

    #625648 Reply
    CJar
    Member

    Taking the test first of October. This will be my third time taking just missed by a few points. Good Luck to all!!

    #625649 Reply
    Fil-AmFil-Am
    Participant

    I am in. 🙂 Good luck and God bless to us All!

    #625650 Reply
    svwCPA72
    Member

    I have been studying for the CPA for 4 years now and only have BEC left. I already took BEC back in 2010 but lost the credit. I just opened my 2014 Becker book and saw the test breakdown. 85 points mc and 15 points written com. I was thinking it was wrong. I looked back in my 2012 BEC book and saw that it said 60 and 40. I really like that it is 85 and 15. Any idea when that changed?

    #625651 Reply

    Taking BEC mid October, after taking 3 tests in the last 3 months I am doing everything in my power to resist the urge to smash my computer when an MCQ pops up that is longer than 3 words…I think BEC is going to be tough for me to get motivated for.

    #625652 Reply
    rapk314
    Member

    Took FAR at the end of August. Starting BEC tonight, have it scheduled for Oct 4th.

    #625653 Reply
    Anonymous
    Inactive

    I'll be taking BEC the 4th as well! Ready to get this thing over with! I have 2 more sections to go over until I start my nitty gritty final review. I'm getting burnt out..hopefully this whole process will be allll over in november! gah.

    #625654 Reply
    Anonymous
    Inactive

    Financial statements of a nonissuer that have been reviewed by an accountant should be accompanied by a report stating that a review:

    a. Includes examining, on a test basis, information that is the representation of management.

    b. Provides only limited assurance that the financial statements are fairly presented.

    c. Does not contemplate obtaining corroborating evidential matter or applying certain other procedures ordinarily performed during an audit.

    d. Is substantially less than in scope than an audit.

    I answered D and I was correct. But why is B not correct as well? This was Becker's justification:

    Choice “b” is incorrect. While a review does provide only limited (negative) assurance, this statement is not explicitly stated in the accountant's review report.

    That doesn't make any sense since per Becker's notes for Reporting on Reviews: “Paragraph should include: State that those standards require the accountant to perform procedures to obtain limited assurance that there are no material modifications that should be made to the financial statements.

    I'm thoroughly confused…

    #625655 Reply
    Anonymous
    Inactive

    Joining the club!

    REG: 5/09/14 (81)

    AUD: 8/31/14 (waiting on score)

    #625656 Reply
    Leena_1101
    Participant

    Me too … just finished corp governance, and did all the NINJA Mcqs. Will start with financial management, hopefully be done with it by the end of this weekend.

    #625657 Reply
    On2Sum
    Member

    @Club300 don't be confused, you read the choices wrong.

    There's a big difference between “Provides only limited assurance that the financial statements are fairly presented” and

    ” …obtaining limited assurance that there are no material modifications that should be made to the financial statements”

    “…fairly presented…” is not the same as “…no material modifications…”

    Got it??

    #625658 Reply
    schizokitten
    Member

    Does the B in BEC stand for BORING?

    I'll see myself out…

    #625659 Reply
    Anonymous
    Inactive

    @on2sum, thanks for the clarification – that makes sense.

    I also realized that I posted this in the BEC section (The exam I just took a week ago)

    I'm on audit now!! Here's hoping I don't go back to studying for BEC (keeping fingers crossed)

    #625660 Reply
    ndpendentbw
    Member

    @art vandalay – I would recommend getting the Ninja MCQ's. I also used WTB as a supplement for AUD & FAR. I passed both sections and I like WTB. I started using Ninja MCQ for BEC and at first I didn't like because you don't have the ability to filter, but then I finally got up to the adaptive questions and it became a game for me. It made studying exciting… if that's possible. I bought it late in my BEC studying process, but it gave me some clarity in a couple of areas i was struggling with. I don't know if Jeff is still running the special but if you put in the code HIYA you can get it for $40. Good Luck!

    #625661 Reply
    Zackrampage
    Member

    67 :/

    #625662 Reply
    Anonymous
    Inactive

    82!!!!!!!!

    #625663 Reply
    Anonymous
    Inactive

    Alright..I'll defeat BEC if it kills me!!!

    #625664 Reply
    Anonymous
    Inactive

    To all those newbies do not take BEC for granted. I passed FAR, AUD and REG all on the first try and then missed BEC twice by a couple points.

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