REG study tips

Viewing 11 posts - 1 through 11 (of 11 total)
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  • #3000609 Reply
    AndreAAndreA
    Participant

    What are the keys for this section? To those of you who passed REG, what topics did you make sure to go over and emphasize? My exam in 4 weeks…

    FAR - 73, 78 (WileyCPAexcel 3,000+ MCQs, 50 SIMs)
    AUD - 73, 81 (WileyCPAexcel 3,000+ MCQs, 40 SIMs)
    BEC - 71, 71, 74 My life is a fucking joke.
    REG - 84 (WileyCPAexcel 2,000 MCQs, 15 SIMs)

    "Of course it’s hard. It’s supposed to be hard. If it was easy, everyone would do it. Hard is what m

    #3000645 Reply
    animalwithin
    Participant

    Currently studying for this section, first time.

    I have observed that AUD and BEC are somewhat similar in that a lot of their material is conceptual. I learned the material best by jumping right into MCQ's before really knowing any of the material and I progressed from there.

    I'm feeling REG and FAR are similar to each other and the above strategy does not work for me for these two sections. I'm going to have to do for REG what I did with FAR which is go chapter by chapter through the material. I'm not happy with that as it's slow and tedious, but just jumping into MCQ's before really knowing any of the info is proving to be a waste of time with REG thus far.

    #3000882 Reply
    jdjd
    Participant

    I recommend B-law and contracts, but I feel like my testing experience with reg covered more of my book than did the other exams. It felt spread out and not concentrated toward certain areas. Good luck

    AUD - 81
    BEC - 83
    FAR - 81
    REG - 85
    Compete
    #3000972 Reply
    Icarito
    Participant

    Key with REG is to not get overwhelmed with the little nuance details. If you do, it can feel like it's more than FAR. Stick to the big picture.

    Know Corporate/Partnership/SCorp completely. It's a major part of the exam and if you get ~100% on that and everything else wrong, you'll still pass.
    Know individual taxation well. You don't need to memorize all the tax credits and phase-outs, just stick to the major topics and at least be comfortable with majority of the topics. Be prepared to fill out a 1040 with 5-6 exhibits.
    Know Contract Law and the legal system regarding tax.

    REG is very passable if you have a general understanding of how tax works compared to GAAP.

    FAR - 80 (4/1/2019)

    BEC - 82 (9/7/2019)

    AUD - 81 (11/23/2019)

    REG - 94 (3/9/2020)

    #3001557 Reply
    AndreAAndreA
    Participant

    Thank you! It helps a lot.

    FAR - 73, 78 (WileyCPAexcel 3,000+ MCQs, 50 SIMs)
    AUD - 73, 81 (WileyCPAexcel 3,000+ MCQs, 40 SIMs)
    BEC - 71, 71, 74 My life is a fucking joke.
    REG - 84 (WileyCPAexcel 2,000 MCQs, 15 SIMs)

    "Of course it’s hard. It’s supposed to be hard. If it was easy, everyone would do it. Hard is what m

    #3001671 Reply
    CG
    Participant

    anybody know how the score release schedule is going to be affected?

    you only funky as yo last cut
    #3001689 Reply
    CH89
    Participant

    In addition to what's already been mentioned, I would also recommend working simulations too. I felt that helped me get over and pass, as practicing simulations helped my understanding. I used Wiley as well, and I mainly focused on the last 3 blueprints regarding simulations.

    #3001758 Reply
    monikerncmonikernc
    Participant

    Pull bus law in with other sections – it is too big to tackle on its own and it can be boring. Plus you will forget other sections because of the time it will take to learn. Familiarize yourself with IRC structure. The UCC was impossible for me. Good luck!

    AUD - 93
    BEC - 82
    FAR - 76
    REG - 88
    How have you been?
    Ninja book and MCQs and the forum, all first try! 2016
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    Experience was the worst part of the journey for me. You?
    If you want things to change you have to do something different.
    #3002703 Reply
    AndreAAndreA
    Participant

    Bus law takes so much time… but I finished it. Thanks a lot, all of you!

    FAR - 73, 78 (WileyCPAexcel 3,000+ MCQs, 50 SIMs)
    AUD - 73, 81 (WileyCPAexcel 3,000+ MCQs, 40 SIMs)
    BEC - 71, 71, 74 My life is a fucking joke.
    REG - 84 (WileyCPAexcel 2,000 MCQs, 15 SIMs)

    "Of course it’s hard. It’s supposed to be hard. If it was easy, everyone would do it. Hard is what m

    #3004299 Reply
    taxmachine
    Participant

    Do not skip over b-law. If you review it thoroughly, it's essentially easy points, especially if your tested on certain definition-type questions or scenarios in which you need to identify the correct b-law concept.

    Regarding tax, I would focus on corporate taxation, partnership taxation, individual taxation, and property transaction taxation. I consider those the big 4 major areas of tax that you will likely get a good chunk of MCQs and mostly all your sim topics. For less tested topics such as estate and gift taxation and tax credit stuff, focus on the basics like others have mentioned. My biggest weakness on REG was estate/gift taxation, yet I was fortunate on the exam to get less complex questions related to that topic. All the luck of the draw but again, I strongly encourage you to build a solid foundation in those 4 tax areas.

    A question to the blog: Does anyone know how to create a brand new post? I want to create one that is called AUD study tips as I just finished taking FAR a few days ago and am moving on to AUD. The material is VERY DIFFERENT from that of both REG and FAR and I wanted to create a post that asked for tips to approaching AUD given it's been a struggle just going through the first study unit. Thank you.

    REG- 93 (2/24/2020) Gleim

    FAR- 93 (5/14/2020) Gleim

    AUD- 93 (7/15/2020) Gleim

    BEC- TBD (9/14/2020) Gleim

    BEC- TBD

    #3004380 Reply
    AndreAAndreA
    Participant

    taxmachine Thank you for the advice! Something happened with the forum… For AUD it's very important to focus on the big picture and try to understand the process + practice as many MCQs as you can and always look for the best answer.

    FAR - 73, 78 (WileyCPAexcel 3,000+ MCQs, 50 SIMs)
    AUD - 73, 81 (WileyCPAexcel 3,000+ MCQs, 40 SIMs)
    BEC - 71, 71, 74 My life is a fucking joke.
    REG - 84 (WileyCPAexcel 2,000 MCQs, 15 SIMs)

    "Of course it’s hard. It’s supposed to be hard. If it was easy, everyone would do it. Hard is what m

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