BEC Study Group 2019 - Page 2

Viewing 30 posts - 31 through 60 (of 229 total)
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  • #2153017
    Diana
    Participant

    Yep! Sorry haha the practice is very helpful.

    Let your biggest failures be your biggest motivators.

    we are all trying to better ourselves; we made it this far, we got this!!

     

     

    #2153044
    hannah.nido
    Participant

    Took BEC this weekend. Just some helpful advice. I would focus a lot of your time on WACC, dividend yield, payback, IRR, NPV, ROA, ROE and ROI. Know how to calculate and what they are. I had 2 economic value added (EVA) questions which lucky I guessed correctly on how to solve. I did not get a single question about Econ (GDP, supply/demand). Got one about exchange rate. Also I made the mistake of knowing COSO- IC and ERM principals but not really understanding what each one really helps prevent. Also technology and supply chain were highly tested.

    Good luck everyone!

    AUD - 75
    BEC - 83
    FAR - NINJA in Training
    REG - NINJA in Training
     

     

     

    #2154031
    TC85
    Participant

    Fourth attempt on Thursday….really anxious! BEC has been my most difficult and I'm ready to get this out of the way but each time I study I can tell I'm only familiar with it and my eyes start glazing over it….so does my brain lol.

    I know it's a vague question, but any advice or tips? Short of hiring a personal tutor, this section is giving me a fit! I've done best with IT and Econ concepts..the cost acct and capital budgeting…..ick.

    REG - 74, 76

    BEC - 69, 67, 72, 77!

    AUD - 70, 73, 75

    FAR - 62, 71, 74, rematch 2/13/19!

    #2154424
    Diana
    Participant

    Aw!

    Let your biggest failures be your biggest motivators.

    we are all trying to better ourselves; we made it this far, we got this!!

     

     

    #2158648
    liz
    Participant

    Thank you!!!

    #2161156
    Jona
    Participant

    Hey everyone! Took BEC for the first time back in November and failed miserably 🙁 Retaking it again on January 29th so have about 2 or so weeks left to study and review. The first time I took it I remember it not being as heavy with calculations and more concepts/definitions. Does anyone have any tips on how to study these last 2 weeks?

    Thank you!!

    #2161168
    Jona
    Participant

    Hey everyone! Took BEC for the first time back in November and failed miserably 🙁 Retaking it again on January 29th so have about 2 or so weeks left to study and review. The first time I took it I remember it not being as heavy with calculations and more concepts/definitions. Does anyone have any tips on how to study these last 2 weeks?

    #2161438
    Diana
    Participant

    OK; so here’s something for y’all to try that really helped me.
    You’ll see above how I mentioned knowing concepts; that’s the most important!!! Because if you understand a concept, the formula is the concept!

    So here’s how I realized I learned best.
    Most of us feel like to understand, we have to put it in our own words
    I just ninja as a supplement to Roger.
    I bought a big white board and expo markers (it’s probably 2×3 ft).

    So during lectures, I listen and just make small notes on my actual notes
    After each lecture or major group I stop the lecture.
    I go to my white board and I write down key points like roger as I’m going over the concept out loud. Don’t under estimate this method; try it!!!

    Let your biggest failures be your biggest motivators.

    we are all trying to better ourselves; we made it this far, we got this!!

     

     

    #2164375
    sg235
    Participant

    @Diana- that is a good methodology! Will put it to use:)

    AUD - 86
    BEC - 81
    FAR - 80
    REG - 80
    They were on to something when they said do it right the first time..
    #2166301
    Pendragon87
    Participant

    Hey guys.

    I'm retaking BEC this Thursday after getting a 71 in December 2018.

    Has anyone here taken the exam in both quarters and noticed any significant changes? I noticed that there were no revisions to the AICPA blueprints for BEC for Jan 1 2019. But just want to stay alert for any curve balls.

    Thanks!

    Won't quit 'till I get those THREE letters

    AUD Score  74 , 73 , 68 , 78

    BEC Score    71 , 82

    FAR Score   60 , 76

    REG Score   61, 82!!!!!

     

    #2168692
    Jona
    Participant

    Hey guys!

    I'm having a hard time understanding what exactly WACC is…I feel like I'm doing problems but I don't actually understand why I'm calculating them they way I am

    #2168695
    Jona
    Participant

    Hey guys!

    I'm having a hard time understanding what exactly WACC is…I feel like I'm doing problems but I don't actually understand why I'm calculating them they way I am

    #2169121
    TC85
    Participant

    You're basically calculating the cost (interest rate) only on the percentage of that type of debt or equity, so you can see how much of each type of borrowings is actually costing you.

    So, for example:

    30% Debt at 5% int, 30% tax rate
    70% Equity at 10% int

    Start with the debt. The debt is costing you 5% in interest, but interest on debt is tax deductible so you're really paying (5*(100%-30%)) or 3.5%
    So you debt is costing you: 30 * 3.5% = 1.05%

    Next, your equity, which accounts for 70% of borrowings, is costing you 70 * 10% = 7%

    So your total cost of borrowing money is 1.05% + 7% = 8.05%.

    Those numbers are way off from what's common in reality lol but it's only for illustration. I hope that helps!

    REG - 74, 76

    BEC - 69, 67, 72, 77!

    AUD - 70, 73, 75

    FAR - 62, 71, 74, rematch 2/13/19!

    #2170477
    CPAnerd
    Participant

    Hey guys! I take BEC in a week. Does anyone have any suggestions what to focus on? Especially for the sims? Or even want to share your experience, thanks 🙂

    #2170828
    Pendragon87
    Participant

    @CPAnerd

    Not sure how much I am allowed to disclose about the exam, all I can say is MCQs are tough, hardly any Economics mcqs, don't just memorize financial formulas but try to understand them because questions can get worded in a very strange way. Also, not sure if you took FAR yet, but it definitely helps to know FAR for the BEC and AUD sims.

    Won't quit 'till I get those THREE letters

    AUD Score  74 , 73 , 68 , 78

    BEC Score    71 , 82

    FAR Score   60 , 76

    REG Score   61, 82!!!!!

     

    #2170843
    cpaswag
    Participant

    need help with steps on this question :

    The J company adheres to credit terms in payment of accounts payable of either 2/10, net 30 (when offered) or simply net 30. Discounts of 2% are offered on 20% of all purchases. The remaining 80% have terms net 30. Assume purchases are made evenly throughout month. Purchases of $310,000 are projected to be made in March and $360,000 during month of April. What are projected cash disbursements for April?

    Answer was 309,600

    I got the fact that first step we gotta do is finding average daily purchases for March and April by dividing by number of days but confused after that

    #2170891
    Jona
    Participant

    @Pendragon87

    Would you be able to give some hints/tips on the sections/equations that we should focus more heavily on? Anything else besides equations that would be helpful with the SIMS? That's what I struggled a lot on last time :/

    #2172193
    Pendragon87
    Participant

    @Jona

    Study all the capital budgeting techniques (Payback, IRR, ARR, NPV), Economic value added, inventory ratios, break even analysis, and contribution margin/gross profit type questions.

    SIMS are such a wild card, you can get anything there from FAR type sims, to Balanced score cards, to SWOT analysis, etc. You kind of have to get lucky for the SIMS and get something that you know well.

    Won't quit 'till I get those THREE letters

    AUD Score  74 , 73 , 68 , 78

    BEC Score    71 , 82

    FAR Score   60 , 76

    REG Score   61, 82!!!!!

     

    #2172973
    CPAnerd
    Participant

    Thank you, were your sims. on Balance score cards and SWOT analysis?

    #2172982
    CPAnerd
    Participant

    Also where is transfer pricing in the textbook, its in Final Review but I cannot find it in the textbook?

    #2173111
    girgir
    Participant

    I took my exam last week and I would agree with @Diego. You need to know everything he said PLUS COSO and IT. I would not just skim these sections and think you can just wing it. I heard that it took some people two hours plus just to get through the MCQs because of all the math. This was not my experience. It took me about 40 mins per testlet and finished with about 25 minutes left. Also, as others have said, the three essays can be on any topic so knowing how to write is better than trying to study topics to guess what may be on the exam. Good luck!

    AUD - 86
    BEC - 79
    FAR - 85
    REG - 78
    “If you really want to do something, you'll find a way. If you don't, you'll find an excuse.” Jim Rohn
    #2173717
    Anonn
    Participant

    Does anyone have any way to better understand exchange rates and exchange rate issues? I’m having a hard time understanding the concept

    AUD - NINJA IN TRAINING

    BEC - Test on 3/9/19

    FAR - NINJA IN TRAINING

    REG - NINJA IN TRAINING

    #2173873
    Diana
    Participant

    I’m guessing you’re asking about this:

    Let’s say – you have 1.00 US$ and the exchange rate is to 1.20 EURO

    $1.00 goes from 1.20 EURO to 1.40 EURO

    IF you’re the BUYER:

    yesterday you could have bought a candy bar 1.20E – today you have to pay 1.40E

    Bad for buyer

    If you’re the SELLER:

    Yesterday you could have sold a candy bar and gotten 1.20 – today you can sell it for 1.40E

    Good for seller

    Let your biggest failures be your biggest motivators.

    we are all trying to better ourselves; we made it this far, we got this!!

     

     

    #2174044
    Cocoadough
    Participant

    Just retook BEC today and hopefully that was my last exam. I used Becker as my main study course and supplemented with Wiley test bank. I would say Becker mcqs were much harder and Wiley's TB had more conceptual questions that resembled the exam. Praying to see a 75 in the next few weeks!

    #2174116
    CPAnerd
    Participant

    has anyone used the iPhone app CPA BEC Mastery helpful that has taken the exam?? I want to know if I should use it.

    #2175445
    CPAnerd
    Participant

    hey do you think the app CPA BEC Masterly is helpful for the IT Section?

    #2175508
    ndunsmore
    Participant

    Does the AICPA have 2019 Bec sample tests? Becker has the 2018 sample test, but I can't seem to find the 2019 one at all.

    AUD - NINJA in Training
    BEC - 75
    FAR - NINJA in Training
    REG - NINJA in Training
    BEC - 2/2019 - Passed - 2,000 MCQ's , 10 Simulations, Reviewed Written Portion Outline

    AUD - 3/2019 - Awaiting Score (3/19) - 2,500 MCQ's - Very Few Simulations

    REG - 4/2019

    FAR 6/2019

     

    Looking forward to putting this whole process behind me!

    #2180113
    Steven K
    Participant

    Hey guys. I just started studying for BEC and assuming all went well with REG (which I took 2 days ago on 1/22), this will be my last section. I tentatively have the exam scheduled for Feb 16th. I intend on studying about 4-5hrs per day. Any advice on topics that are super important would be great. Also, is there any place I can figure out what the writing portion of BEC is like?

    "If you put in the extra effort at the beginning, the process won't take as long."

    FAR - 81 (11/10/18)
    AUD - 79 (12/8/18)
    REG - 84 (1/22/19)
    BEC - 84 (2/13/2019)

    #2180434
    Mission CPA
    Participant

    Is anyone using Becker and drowning on B2 – Financial Management? It is taking me forever to get through this material. Does it get any better moving forward? I am really concerned I bit off more than I can chew this busy season.

    AUD - 80
    BEC - 79
    FAR - 80
    REG - 78
    One good test day is all you need!
    #2180437
    Jona
    Participant

    I'm struggling with B2-B4 to be honest lol all the math stuff takes me a while to get through. If anyone has tips that'd be great!

Viewing 30 posts - 31 through 60 (of 229 total)
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