You’d perhaps get 5 questions or less from B6. This chapter is a little bit of everything. The first 2 sections are somehow related to Operations Mgt., 3rd section to Economics, and last 3 sections are related to Financial Management.
I wouldn’t take a chance to skip this chapter unless you are fresh out of college/school. The information you can get from this chapter can be useful for your WC.
I was really scared of WC section of BEC primarily because English is not my native language. Secondly, I had this fear of what-if I had no idea what would be the topic about? So I had this back-up plan to simply regurgitate the task, make sure to portray that I know the topic or question being asked, then to mention to have a project team (composed of the project manager, member, sponsor, steering committee) or assign each to plan, strategize, or initiate the task or set up the DMADV, DMV Office, blah blah.
I’d like to share with you the BEC Outline that I laid out of Becker’s book. This helps me connect the random topics of this so-called (ironically) “Be-Easy” part of the CPA.
BEC Outline Titles:
Corporate Governance, Responsibility Accounting, & Internal Auditing Stds.
B1 – S1 Corporate Governance
B2 – S6 Responsibility Accounting
B6 – S7 Internal Auditing Standards
Operations Mgt.
B1 – S2 Operations Mgt. – Performance Mgt. & Impact of Measures on Behavior
B1 – S3 Operations Mgt. – Cost Measurement Methods & Techniques
B6 – S1 Operations Mgt. – Process Management
B6 – S2 Operations Mgt. – Project Management
Strategic Planning
B2 – S1 Profitability & Pricing Analysis
B2 – S2 Marginal Analysis
B2 – S3 Forecasting & Projection
B2 – S4 Budgeting
B2 – S5 Variance Analysis
Financial Management
B3 – S1 Capital Budgeting
B3 – S2 Leverage
B3 – S3 Weighted Average Cost of Capital & Optimal Capital Structure
B3 – S4 Asset Effectiveness & Efficiency
B3 – S5 Working Capital Mgt
B3 – S6 Appendix: Summary of Formulate & Ratios
B6 – S4 Financial Risk Mgt
B6 – S5 Financial Decisions
B6 – S6 Financial Valuation
Information Systems
B4 – S1 Organizational Needs Assessment
B4 – S2 Systems Design & Other Elements
B4 – S3 Security
B4 – S4 The Internet
B4 – S5 Types of Information Systems & Technology Risks
B4 – S6 Disaster Recovery & Business Continuity
B4 – S7 Appendix
Economic Concepts & Analysis
B5 – S1 Changes in Economic & Business Cycles
B5 – S2 Economic Measures & Indicators
B5 – S3 Market Influence on Business Strategies
B6 – S3 Globalization and Local Economies
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