BEC Study Group Q1 2017

CPA Exam Forum BEC BEC Review BEC Study Group Q1 2017

This topic contains 597 replies, has 123 voices, and was last updated by  cim1042 26 minutes ago.

Viewing 30 posts - 421 through 450 (of 598 total)
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    Posts
  • #1472916

    MJofCPAs
    Participant

    First time attempted was in NOV '16 and got a 70, only beckers MCQ.
    The second attempt in Jan '17 and just got 78! only ninja MCQ. Trending 73% 15 Hours.
    Most underestimated exam. Not at all easy. The challenge is the random topics from chapter to chapter and there is no flow. The q1 test had a lot of ratios!

    Love the process, not the outcome!

    AUD – NINJA in busy season
    BEC – 70,78
    FAR – NINJA in busy season
    REG – 84 (ex. 3/18)


    Love the process, not the outcome!!!
    AUD - NINJA in Training
    BEC - 78
    FAR - NINJA in Training
    REG - 84
    #1472936

    MJofCPAs
    Participant

    On to AUD and FAR. bye BEC forum!


    Love the process, not the outcome!!!
    AUD - NINJA in Training
    BEC - 78
    FAR - NINJA in Training
    REG - 84
    #1472966

    samantha09
    Participant

    What is the best way to prepare for the IT section? I have Becker and Ninja MCQ, will that be enough?

    #1472970

    ThomasHallberg
    Participant

    Should be, read and do the multiple choice questions. Also, it is all memorization. Like Econ. Give it a read before the exam. Bye BEC forum!


    KPMG Audit
    AUD - NINJA in Training
    BEC - 77
    FAR - NINJA in Training
    REG - NINJA in Training
    #1473113
    Teal
    Teal
    Participant

    I just got my scores. I got a 74 on REG 🙁 🙁 🙁 🙁


    NINJA & Roger

    REG rematch 1/5

    AUD taking 4/14 - new test eek!

    BEC rematch - 3/3

    Passed FAR!

    AUD - NINJA in Training
    BEC - 64
    FAR - 75
    REG - 74
    #1473125
    Teal
    Teal
    Participant

    Has anyone ever appealed their score, and what happened when you did??


    NINJA & Roger

    REG rematch 1/5

    AUD taking 4/14 - new test eek!

    BEC rematch - 3/3

    Passed FAR!

    AUD - NINJA in Training
    BEC - 64
    FAR - 75
    REG - 74
    #1473318

    ignaciopc
    Participant

    sorry to hear that.


    Good luck everybody!
    #1473404
    mtaylo24
    mtaylo24
    Participant

    @Teal, hang in there. I've been there w/ Reg, keep on pushin!

    Sheesh, capital budgeting is kickin my butt, and the gleim TB knows it, so it keeps feeding me those questions. I have a 50% avg for that one. I can nail almost everything, well I get choked up on some cost accounting, but cap budgeting is the devil. IRR, ARR, Payback, ROCE, ROI, Residual Value are killin my life.


    A: 60, 61, 61, 78 (Expires May 17)
    R: 55, 69, 74, 75
    B: 71, 72, 73 (3/4/17)
    F: 52, 54 (3/10/17)
    AUD - 78
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - 75
    #1473449
    Teal
    Teal
    Participant

    @mtaylo24 thanks, I know you are right, but it is such a bummer because I was hoping not to have to take the new test! BEC is totally killing me. I don't know why, but econ isn't intuitive for me haha and all those dang formulas!


    NINJA & Roger

    REG rematch 1/5

    AUD taking 4/14 - new test eek!

    BEC rematch - 3/3

    Passed FAR!

    AUD - NINJA in Training
    BEC - 64
    FAR - 75
    REG - 74
    #1473455
    mtaylo24
    mtaylo24
    Participant

    ^^^It might be worth a shot, but I wouldn't have high hopes on the appeal.

    Econ takes a LOT of practice for some of us. A lot of people focus on cost, financial mgmt, coso, and IT and forget all about little ol econ/globalization. I think I always get weaker in that one smh!


    A: 60, 61, 61, 78 (Expires May 17)
    R: 55, 69, 74, 75
    B: 71, 72, 73 (3/4/17)
    F: 52, 54 (3/10/17)
    AUD - 78
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - 75
    #1473542

    Rgleicher
    Participant

    Anyone else finding the BEC Ninja questions hard?
    yikes!!!
    I'm using Becker and the NINJA has a lot of foreign terms.
    thanks!


    Have a great day
    Rachel
    AUD - 75
    BEC - NINJA in Training
    FAR - 71
    REG - NINJA in Training
    #1473584

    Katze6
    Participant

    New here! Take my BEC test on February 17th. It seems I am doing well with Corporate Governance, IT and somewhat economics but not as well with financial or the cost accounting part of it 🙁 I hope I can pass. I have been using Becker and recently purchased the MCQ from Ninja.

    #1473585

    samantha09
    Participant

    I had a meltdown about this the other day lol, I use Becker and just bought Ninja MCQ and noticed the same thing about all these random terms that were never covered in Becker. Not quite sure what to make of this unless someone who has used both of these materials has anything to add

    #1473683

    Plymuff
    Participant

    While for me Econ seems to be the easiest. Always used to love economics. Did it at advanced level but opted for accounting instead BSc Economics. The key for Econ is understanding Demand and Supply.


    AUD --- PASSED
    BEC --- PASSED
    FAR --- PASSED
    REG --- RETAKE MARCH 10, 2017
    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - NINJA in Training
    #1473847
    Abdulmajid
    Abdulmajid
    Participant

    I received my fourth attempt score with BEC

    its 65 🙁

    BEC: 33/24/65/65

    I am really hopeless


    BEC - (33, 24, 65, 65) !!
    If the plan doesn’t work, change the plan, but never the goal
    AUD - 03/07/17
    REG -
    FAR -
    #1473855
    mtaylo24
    mtaylo24
    Participant

    @abdulmajid, I see the progression, don't give up…it takes a while to get your first one (took me 4). What is your study method?


    A: 60, 61, 61, 78 (Expires May 17)
    R: 55, 69, 74, 75
    B: 71, 72, 73 (3/4/17)
    F: 52, 54 (3/10/17)
    AUD - 78
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - 75
    #1473868
    Abdulmajid
    Abdulmajid
    Participant

    Thanks mtaylo

    my method is ignoring the videos and focus on the book and MCQs

    now I am moving to study Audit and I changed my method
    I am watching the videos regularly now!!

    because my favourite phrase says: If the plan doesn’t work, change the plan, but never the goal 🙂


    BEC - (33, 24, 65, 65) !!
    If the plan doesn’t work, change the plan, but never the goal
    AUD - 03/07/17
    REG -
    FAR -
    #1473873
    mtaylo24
    mtaylo24
    Participant

    Nothing wrong w/ that study plan. Just make sure you don't let too much time lapse between topics as it can screw w/ your retention. Something I'm struggling with this window, maybe its a 30s thing. Repetition is key! Good luck with audit!


    A: 60, 61, 61, 78 (Expires May 17)
    R: 55, 69, 74, 75
    B: 71, 72, 73 (3/4/17)
    F: 52, 54 (3/10/17)
    AUD - 78
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - 75
    #1473876
    Abdulmajid
    Abdulmajid
    Participant

    whats ur study method ?!


    BEC - (33, 24, 65, 65) !!
    If the plan doesn’t work, change the plan, but never the goal
    AUD - 03/07/17
    REG -
    FAR -
    #1473883

    A1lessio
    Participant

    Definitely watch the videos ! For BEC I watch the Becker lectures on my commute home or at the gym while on the exercise bike, then I re-write and re-read the section, and then tackle the MCQs. Take notes while doing MCQs, Don't go crazy writing everything and taking 10 mins per question, but write out a formula or specific rule.

    mtaylo24 – I thought I was getting my FAR score on the 7th, but then I realized because I took it on the 20th I have to wait until Feb 23rd. Nothing like your heart racing at 2:30 am and then realizing you're not getting your score.


    People who subject themselves to the strictest discipline, who give up certain pleasurable things in order to obtain a goal are the happiest of men.
    AUD - 86
    BEC - NINJA in Training
    FAR - 78
    REG - 84
    #1473957
    mtaylo24
    mtaylo24
    Participant

    @abdulmajid, It really depends on the day. If my brain can't process another word of text, I will try to flip on a video, but I normally try to read instead of vids. It all depends on the person. MCQs are great, but I've had some painful fails relying completely on that. My process isn't set in stone, I'm trying to read more this window, but I aim to hit at least 100 MCQs on a weekday and 200 on a weekend. I do them all in order when I'm learning, then switch to random sets of 20s when its time for review. I try to complete the sims the week leading up to the exam, for BEC I just read the WC examples in the Gleim book. I'm not really a notes guy.

    @a1lessio Sucky feeling man, how did FAR go?


    A: 60, 61, 61, 78 (Expires May 17)
    R: 55, 69, 74, 75
    B: 71, 72, 73 (3/4/17)
    F: 52, 54 (3/10/17)
    AUD - 78
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - 75
    #1474026
    Abdulmajid
    Abdulmajid
    Participant

    your method is almost similar to mine, good luck @mtaylo24


    BEC - (33, 24, 65, 65) !!
    If the plan doesn’t work, change the plan, but never the goal
    AUD - 03/07/17
    REG -
    FAR -
    #1474414

    SONA
    Participant

    🙁 My score is 66 :(.

    Retake 1st week of march.

    Any tips or suggestions will be highly appreciated.


    Thanks.
    AUD - NINJA in Training
    BEC - 66
    FAR - 74
    REG - 81
    #1474594
    mtaylo24
    mtaylo24
    Participant

    Ok, this one is easy, but takes forever to do (4 calcs). How does one calculate this without excel or writing this down on scratch paper?

    Fact Pattern: Birch Corporation has the following historical pattern on its credit sales:

    70% collected in month of sale
    15% collected in the first month after sale
    10% collected in the second month after sale
    4% collected in the third month after sale
    1% uncollectible

    The sales on open account have been budgeted for the first 6 months of the year as follows:
    January – $ 70,000
    February – 90,000
    March – 100,000
    April – 120,000
    May – 100,000
    June – 90,000

    Question: 16 Birch’s estimated total cash collections during April from accounts receivable are

    A. $84,000
    B. $110,800
    C. $118,800
    D. $108,000


    A: 60, 61, 61, 78 (Expires May 17)
    R: 55, 69, 74, 75
    B: 71, 72, 73 (3/4/17)
    F: 52, 54 (3/10/17)
    AUD - 78
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - 75
    #1474773

    Jsn3004
    Participant

    Based on the following data, what is the gross profit for the company?

    Sales $1,000,000
    Net purchases of raw materials 600,000
    Cost of goods manufactured 800,000
    Marketing and administrative expenses 250,000
    Indirect manufacturing costs 500,000

    Beginning Inventory Ending Inventory
    ——————- —————-
    Work in process $500,000 $400,000
    Finished goods 100,000 500,000

    A.
    $200,000

    B.
    $400,000

    C.
    $600,000

    D.
    $900,000

    Answer is C

    Cost of goods sold is beginning finished goods plus cost of goods manufactured, less ending finished goods:

    $100,000 + $800,000 – $500,000 = $400,000
    Gross profit is sales less cost of goods sold:

    $1,000,000 – $400,000 = $600,000

    How is this possible?!

    Am I missing something really simple? I thought Cost of Goods Sold was BI+Purchases-EI.

    I figured it would be 100,000 + 600,000 – 500,000=200,000

    And then Gross Profit would be 1,000,000-200,000=800,000


    Experience is simply the name we give our mistakes.
    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - 75
    REG - NINJA in Training
    #1475077

    mooseonloose
    Participant

    Its beginning finish good inventory (+)cogs(-)ending finish good inventory=gross profit


    You are confined only by the walls you build yourself.
    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - NINJA in Training
    #1475170

    drkarm
    Participant

    Variance analysis is killing me. I dont even know what i dont understand. I heard this topic is heavily tested on the exam. Are recent BEC test takers getting many variance questions?


    In College i thought i liked studying, then i started CPA prep...boy was i wrong!
    #1475197

    A1lessio
    Participant

    drkarm – I also struggle with it. Not really the DL and DM variance analysis, but the Variable MFG OH and Fixed MFG OH. They throw so many numbers are you I have hard time figuring out what to multiply to get the standard rates. Hopefully that's the hardest thing in BEC.


    People who subject themselves to the strictest discipline, who give up certain pleasurable things in order to obtain a goal are the happiest of men.
    AUD - 86
    BEC - NINJA in Training
    FAR - 78
    REG - 84
    #1475236
    mperez102204
    mperez102204
    Participant

    Hey everyone. I just started to study a few days ago. I am struggling with the graphs that they are showing. I keep getting myself confused. Is there another way to learn the increase and decrease of supply and demand. I just don't think the graphs are helping, i think they are confusing me more. I wanted to learn the causes and changes then match them to the graphs. I feel like this assist me in understanding them.

    Just wanted some advice because it is very disheartening, since i just started to study.


    I honestly hate the number 67..... officially the worst number ever. Ugh, but 73 feels so much worse.

     

    AUD -  67 ; 73

    BEC - 3/10/17

    FAR - 63, 67, Retake TBD

    REG -  eventually 🙂

    #1475286
    Teal
    Teal
    Participant

    My best advice for the variances is to stop trying to memorize the formulas, and really try to intuitively understand them. It might take you longer at first, but once you get the concept, you won't even need the formulas anymore. You will just automatically know what numbers to pull from all the info they give you.


    NINJA & Roger

    REG rematch 1/5

    AUD taking 4/14 - new test eek!

    BEC rematch - 3/3

    Passed FAR!

    AUD - NINJA in Training
    BEC - 64
    FAR - 75
    REG - 74
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