BEC Study Group Q1 2017
December 19, 2016 at 6:27 pm #1396521
Jeff Elliott, CPA (KS)Keymaster
Welcome to the Q1 2017 CPA Exam Study Group for BEC. 🙂December 19, 2016 at 10:19 pm #1396704
Hello All, just started studying BEC and hoping to finish both BEC and REG before April 2017. Study hard everyone and good luck 🙂December 19, 2016 at 10:59 pm #1396745
BEC is the last test I need to finish. I've gotten a few 74s on this test before.
I only have two more shots at this test before FAR expires. Hoping i don't need the second try.December 19, 2016 at 11:54 pm #1396763
Im taking BEC January 21. Hopefully I pass so that I can then focus on finally mastering FAR and then be done with this monster.
This will be my first time taking the exam.
What is everyone using to study? I'm using Becker self study, ninja audio and notes.December 20, 2016 at 9:03 am #1396878
I am taking my first exam, BEC, during the second week of January and have been using Becker plus Ninja MCQ's.
This is a great forum and have learned alot by reading previous posts and people's strategies.
However, Is there anyone who used the same combination (Becker + Ninja MCQ) and can you possibly provide me with any advice on how to maximize my chances.
Thank youDecember 20, 2016 at 11:10 am #1396994December 20, 2016 at 11:40 am #1397031
This will be my second attempt and hopefully last exam. I ended up making a 72 during the 4th quarter testing window and FAR will be expiring 2/28/17. My Becker study materials have also expired, was wondering if I should stick to Becker or go with something else? I study really well by watching the lectures, reading the chapters, and then doing the homework.December 20, 2016 at 12:31 pm #1397081
Hi fellow BECers. I test Jan. 13. I started studying a couple weeks ago, finshed the Roger videos, and am about 300 MCQs deep in Ninja MCQ (avg 73% and trending 77%).
I'm struggling on section 3 of Ninja MCQ (Financial Management). Feel free to ask questions on that section. Teaching/explaining helps me learn!
Let's keep this thread alive and help each other destroy this test. I want to be a CPA in 2017!December 20, 2016 at 1:07 pm #1397138
Let me share with you my suffering with my first section in my CPA jurney
I have sat for my first CPA exam on 20 April 2016, it was BEC section and I scored 33,
Then I have retaken the exam on 5 July and the score decreased to 24!
On 1st November, was my last and third attempt! unfortunately scored (65)! I am literally angry now !!
Anyway, my target now became to pass BEC and REG before the new version in next April,
My plan is to take BEC on 3 January and REG on 9 March,
Although I often failed with very low marks and always feel that I am hopeless, but I don’t want to give up.
So my next exam going to be after two weeks ( January 3rd )
I am using Roger and Ninja MCQs this time
GOOD LUCK ALL!December 20, 2016 at 1:41 pm #1397168
Yes. Let's keep it alive. I am still in early stage (watching lectures), I will be here for sure when I start hitting questions.
@CPYay- Do you go through the IPQ before Ninja?
@queencpa – Do whatever works best for you. Some people like to watch lectures, some don't, some understand better when they take notes, some don't. For me I started with Becker, didn't like it, tried Gleim, didn't click until I came across Roger and it was there it is, this is what works for “me”December 20, 2016 at 1:57 pm #1397186
I don't touch the IPQs for the most part. Strictly use Roger for the videos while I follow along with the book and take notes.
I will go back to the book to understand a topic I need more guidance on. Other than that, Ninja MCQs are what I do once videos are completed. I'll maybe do a set of 20 IPQs just before my exam to see how I fare against Roger's (I feel like Ninja is harder).December 20, 2016 at 4:03 pm #1397346
Wilson Corporation has a major competitor that produces a product that is a close substitute for Wilson's good. If the coefficient of cross‐elasticity of demand for Wilson's product with respect to the competitor's product is 2.00 and the competitor decreases its price by 5%, what is the expected effect on demand for Wilson's product?
A: A 5% increase in demand.
B: A 5% decrease in demand.
C: A 10% increase in demand.
D: A 10% decrease in demand.
The answer is D. Can someone please explain why the answer is not B? I made up my own numbers 200/100. I thought if the price (100) decreases 5% then the quantity demanded (200) would have to decrease 5% as well so the elasticity of demand remains at 2.00.December 20, 2016 at 4:25 pm #1397372
Wilson's coefficient of 2 is directly correlated to his competitor's product (substitutes). So, a 5% decrease in price would result in a 10% decrease in demand for Wilson. (2 * .05)December 20, 2016 at 8:22 pm #1397559
Test Date: January 7th
Finishing up B5 and B6 this week, then non-stop Ninja MCQ until game day. Let's go to work.December 20, 2016 at 10:05 pm #1397643
OUCH!! feel so rusty with numbers after audit. Going through the videos, the formulas seem easy but then going through the questions, I feel like Wooh! I can't thinkDecember 20, 2016 at 11:23 pm #1397718
A company produces and sells two products. The first product accounts for 75% of sales and the second product accounts for the remaining 25% of sales. The first product has a selling price of $10 per unit, variable costs of $6 per unit, and allocated fixed costs of $100,000. The second product has a selling price of $25 per unit, variable costs of $13 per unit, and allocated fixed costs of $212,000. At the break-even point, what number of units of the first product will have been sold?
D-14,625December 20, 2016 at 11:40 pm #1397733
A-39,000 unitsDecember 21, 2016 at 12:19 am #1397754
CorrectDecember 21, 2016 at 9:05 am #1397867
my time 2 shineParticipantDecember 21, 2016 at 11:47 am #1397948
Hey everyone. I'm sitting on 1/23. This is my first attempt with any exam, but I've already gotten quite a bit of advice from this forum. I'm using Wiley CPAexcel, Ninja audio, and MCQs. I started studying on 12/3 and I'm about half way through the lessons and so far capital budgeting is kicking my butt (especially NPV and IRR).December 21, 2016 at 12:42 pm #1398012
good luck everyone!
BEC 1/7/16December 21, 2016 at 2:13 pm #1398074
BEC IS WACCParticipant
Break-even points are all about doing algebra. This problem, in particular, has to do with proportional algebra since there are two products. In other words, change 75% to 3x and change 25% to x. Doing this will make them proportionate, so it will now be 3X(10)+X(25)-3X($6)+X(13)=Fixed Cost(312,000)
X=13,000, but proportionally to break even you need 3(13,000)=39,000December 21, 2016 at 2:49 pm #1398107
@ BEC-MODE great method but I think you need to adjust your formula a bit at the end and change +X(13) to -X(13) to not confuse others.December 21, 2016 at 3:47 pm #1398156December 21, 2016 at 4:37 pm #1398218
I just started studying for BEC last week. Trying to test by 1/10.
Good luck!December 21, 2016 at 11:45 pm #1398420
Any tricks to remember those OH Variances?December 22, 2016 at 9:36 am #1398552
Pharaoh-the stupid Becker mnemonics didn't work for me, I literally had to draw it out and it works for me to memorize
actual q actualQxstandard price standard Qxstandard price
And then draw all those price and efficiency variances-this is the only way I understand. I remember this from my cost accounting classes from last year sadly:) LOLDecember 22, 2016 at 6:14 pm #1398981
Thanks @anyatver I had to do the same. I couldn't find any other way.
How about that Planning and Risk Management section, lots of small subjects and details and seems like just memorizing all of them! Or this is a section that I will get it when I go through MCQs?December 22, 2016 at 7:56 pm #1399007
my time 2 shineParticipant
Any memorization techniques for the Law of Diminishing Returns vs. Economies of Scales?December 22, 2016 at 8:59 pm #1399050
I'm using Roger CPA course for BEC.
Does anyone feel like Roger doesn't prepare you enough for the written exam portion?
They pretty much only give you a sample essay.
I almost feel like I would prepare better if there was some study material that list major written topics and the keywords associated with each topic?
Any recommendation on study material for written section of BEC?
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