BEC Study Group Q1 2017
February 7, 2017 at 12:47 pm #1472916
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!February 7, 2017 at 12:54 pm #1472936
On to AUD and FAR. bye BEC forum!February 7, 2017 at 1:09 pm #1472966
samantha09ParticipantFebruary 7, 2017 at 1:15 pm #1472970
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!February 7, 2017 at 3:03 pm #1473113
I just got my scores. I got a 74 on REG 🙁 🙁 🙁 🙁February 7, 2017 at 3:07 pm #1473125
Has anyone ever appealed their score, and what happened when you did??February 7, 2017 at 5:06 pm #1473318
sorry to hear that.February 7, 2017 at 6:48 pm #1473404
@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.February 7, 2017 at 7:59 pm #1473449
@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!February 7, 2017 at 8:03 pm #1473455
^^^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!February 7, 2017 at 9:29 pm #1473542
iamstrongParticipantFebruary 7, 2017 at 10:10 pm #1473584
Katze6ParticipantFebruary 7, 2017 at 10:11 pm #1473585
samantha09ParticipantFebruary 7, 2017 at 11:37 pm #1473683
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.February 8, 2017 at 9:28 am #1473847
I received my fourth attempt score with BEC
its 65 🙁
I am really hopelessFebruary 8, 2017 at 9:35 am #1473855
@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?February 8, 2017 at 9:41 am #1473868
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 🙂February 8, 2017 at 9:49 am #1473873
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!February 8, 2017 at 9:52 am #1473876
whats ur study method ?!February 8, 2017 at 10:01 am #1473883
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.February 8, 2017 at 11:10 am #1473957
@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?February 8, 2017 at 12:01 pm #1474026February 8, 2017 at 7:15 pm #1474414
🙁 My score is 66 :(.
Retake 1st week of march.
Any tips or suggestions will be highly appreciated.February 8, 2017 at 10:42 pm #1474594
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
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
D. $108,000February 9, 2017 at 9:34 am #1474773
Based on the following data, what is the gross profit for the company?
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
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=800,000February 9, 2017 at 5:26 pm #1475077
Its beginning finish good inventory (+)cogs(-)ending finish good inventory=gross profitFebruary 9, 2017 at 8:28 pm #1475170
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?February 9, 2017 at 9:36 pm #1475197
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.February 9, 2017 at 10:29 pm #1475236
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.February 10, 2017 at 1:00 am #1475286
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.
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