- This topic has 219 replies, 49 voices, and was last updated 7 years, 7 months ago by
Anonymous.
-
CreatorTopic
-
July 2, 2016 at 9:56 pm #203377
-
AuthorReplies
-
August 18, 2016 at 1:18 pm #812847
jeffKeymasterAugust 18, 2016 at 3:04 pm #812898jeffKeymasterAugust 18, 2016 at 3:45 pm #812946AnonymousInactiveMic
August 18, 2016 at 10:46 pm #813216ZakyParticipantI hate BEC!
August 18, 2016 at 10:47 pm #813219thebigguy1992Participantdoes anyone have any idea what the equations are for flexible budgets? like overhead flexible budget
BEC - 79
FAR - 62,73,76
AUD - 70, 88
REG - 83August 20, 2016 at 3:06 pm #814230luisitotxParticipantHey Guys Im reviewing for BEC using Rogers and Ninja Mcqs. I’m averaging like 85% in Rogers but just 65% in Ninja. Should I be concerned in this 20% difference? Should I stop doing Rogers mcq and focus solely in Ninja? For the people that have taken BEC, did Rogers prepared you well? or did you feel Ninja helped you to better understand the material.
AUD - 82
BEC - 81
FAR - 77
REG - 85AUD-82
BEC-Sept 4
REG-TBD
FAR-TBDAugust 20, 2016 at 3:29 pm #814233csvirkParticipantNinja is relatively hard for BEC. I recommend you doing NINJA more until you reach 80%. I am in my review phase and no matter how many times i do some question i always get them wrong and that makes me frustrated. I really hate BEC!!
AUD - 80
BEC - 86
FAR - 77
REG - 84Hardwork will always pay off!FAR: 71, 77!
AUD: 69, 80
BEC: 72
REG: 84August 20, 2016 at 4:35 pm #814278thebigguy1992Participantmy test is tomorrow and I'm going over variances. i usually just remember the equations for the variances and try to plug in numbers that way, but during the questions i get mixed up sometimes as i have to multiply the raw materials by a number to get # of units and it all just gets confusing. does anyone have any last minute advice? i am using all ninja
BEC - 79
FAR - 62,73,76
AUD - 70, 88
REG - 83August 20, 2016 at 6:00 pm #814347AnonymousInactiveTo the user who posted the BEC WC template: can you please post again? I think it got lost during the transferring of the forum 🙁 I was really hoping to save that and use it for practice!
August 20, 2016 at 6:35 pm #814371thebigguy1992Participant“Dear [insert name], (note that a salutation is only necessary if the WC is formatted as a letter instead of a memo)
Thank you for allowing me to assist with your inquiry regarding [restate the question]. When analyzing [Subject matter to be discussed], we must consider
Each topic should be its own paragraph. Begin each paragraph by giving a definition of each topic. In conclusion, I recommend [summarize your findings above, preferably using more buzz words].
I appreciate the opportunity to assist you. Should you have any more questions as you review [subject matter] in greater detail, please do not hesitate to contact me.
Best regards,
[your name]BEC - 79
FAR - 62,73,76
AUD - 70, 88
REG - 83August 20, 2016 at 9:47 pm #814470thebigguy1992Participantdoes anyone know if it is a memo then we should just get rid of the salutation and begin the rest of the format without it? and should we indent anything?
BEC - 79
FAR - 62,73,76
AUD - 70, 88
REG - 83August 20, 2016 at 10:59 pm #814503JezzieParticipantTo the person who posted all the formulas, can you please repost? They did not come across in the forum upgrade. I would greatly appreciate it.
AUD - 87
BEC - 78
FAR - 76
REG - 79I have officially completed this CPA journey!!!FAR 2/23/16 76
AUD 5/13/16 69, 7/5/16 87
REG Nov 2016
BEC Sept 6August 21, 2016 at 12:55 am #814536ArtArtParticipantIt was big guy! Here you go, compliments of him:
Labor Efficiency = SR * (AH – SH) (Actual hours worked – Standard hours Allowed)
Material Efficiency = SP * (AQ – SQ) (Actual quantity used – Standard quantity allowed)
Variable overhead efficiency = SR * (SH-AH)
Labor Rate = AH * (AR – SR)
Material Price = AQ * (AP – SP).
Variable overhead spending = AH * (SR-AR)
APR (annual percentage return) = Effective Interest Rate * # of periods in year
Asset turnover = Sales / Total Assets
Breakeven Point in terms of units = fixed costs / Contribution Margin
Breakeven Point in terms of dollars = fixed costs / contribution margin ratio
Cash conversion cycle = inventory conversion period + receivables collection period – payables deferrable period
Current ratio = current assets / current liabilities
Contribution Margin = revenue – variable costs
or = sales – variable costs
Contribution Margin Ratio = (sales – variable costs) / salesCost of Goods Sold = Beg. Inventory + Inv. Purchases – End. Inventory
Dividend Payout Ratio = cash dividend per share / Earnings per share
Economic Value Added = net operating profit after taxes (NOPAT) – cost of financing
Effective Interest Rate = (principle * rate * time) / principle
Gross Margin = revenue – cost of goods sold (or gross profit)
Inventory conversion period = Average Inventory / Cost of sales per day
Average inventory = (Beginning inventory + Ending inventory) / 2
Make sure to use 365 days per year unless stated otherwise
Inventory Turnover = cost of goods sold / average inventoryMarginal propensity to consume = change in spending / change in disposable income
Marginal propensity to save = change in savings / change in income
Number of Days Sales in Inventory = # of days in year (usually 365 or 360) / Inventory Turnover
Quick Ratio = Quick assets (cash, marketable securities, and A/R) / current liabilities
Residual Income (RI) = operating profit – interest on investment (or required rate of return)
Times interest Earned Ratio = earnings before interest and taxes / interest expense
Total costs = fixed costs + variable costs or y = mx + b, where m = slope, x = variable value, and b = y intercept
Fixed overhead spending – (budgeted-standard fixed overhead to incur – actual fixed overhead incurred)
Fixed overhead volume – (budgeted-standard fixed overhead to incur – ((actual production * standard labor hours)*(budgeted-standard fixed overhead to incur/budgeted labor hours))
Weighted Average Cost of Capital = [(cost of capital A / Total Amount)(rate of cost)(1-Tax Rate)] + [(cost of capital B / Total cost amount)(rate of cost)]
Work in process = Direct Material used + Direct Labor + Manufacturing Overhead
Average accounts receivable = (Beg. A/R + End. A/R) / 2
Average accounts receivable collection period = sales on credit / average accounts receivable
Average total assets = (Beginning total assets + Ending total assets) / 2
Book value per share = common stock equity / common stock shares outstanding
Common stockholders’ equity = stockholders’ equity – preferred stock liquidation value
Cost of financing= (Total assets – current liabilities) * Weighted average cost of capital
Cross-Elasticity = % change in demand for certain product A / % change in price of certain product B.
Debt to equity = Total debt / total equity
Debt to total assets = total liabilities / total assets
Discounted Payback Period = multiply by Present Value factor until initial invested amount reached. Disregard salvage value
Fixed asset turnover = sales / average net fixed assets
Gross Profit = revenue – cost of goods sold
Income Elasticity = % change in quantity demanded / % change in income
Internal Rate of Return = Initial Investment + Cash Flow in Period n/ (1 + Discount Rate) to the nth power (# of periods).
Marginal utility = change in total utility / change in quantity
Market/Book Ratio = common stock price per share (or market value)/ book value per share
Market Capitalization = Common stock price per share * common stock shares outstanding
Operating leverage= % change in operating income / % change in unit volume
Operating Profit Margin = Operating profit / net sales
Preferred Stock Valuation – dividend per share / required rate of return
Price/Earning (PE) Ratio = common stock price per share / Earning per share
Profitability Index = project net present value / cost of project
Receivables Collection Period = Average Accounts Receivable / Credit Sales per day
Receivable Turnover = Net credit sales / average accounts receivable
Reorder Point = delivery time of stock + safety stock or could be stated as = average daily demand * average lead time
Return on Assets (ROA) = net income / average total assets
Return on Equity (ROE) = net income / Average common stockholders’ equity
Return on Investment (ROI) = Net Income / Total Assets
Return on sales (ROS) = net income / Sales
Safety Stock = (Max. Daily demand * Max. Lead time) – reorder point
Total asset turnover = sales / average total assets
GDP
– Depreciation
——————————-
NDP
– Net foreign factor income
– Indirect business taxes
——————————-
NI
– Social Security contribution
– corporate income taxes
– undistributed corporate profits
+ transfer payments
——————————-
PI
– personal taxes
——————————-
DI
Direct Materials Used = Beginning Materials + Purchases – Ending MaterialsCOGM = Beginning WIP + Direct Labor + Direct Materials Used + Overhead Applied – Ending WIP
ONE LEVEL OH VARIANCE: Total OH = Actual OH – Applied OH
TWO LEVEL OH VARIANCE: Total OH = Budget (Controllable) Variance + Product (Denominator or Capacity) Volume Variance
THREE LEVEL OH VARIANCE: Total OH = Price (Spending) Variance + Efficiency Variance + Production (Denom/Cap) Volume Variance
FOUR LEVEL OH VARIANCE: Total OH = Variable Price (Spending) Variance + Fixed Price (Spending) Variance + Efficiency Variance + Production (Denominator or Capacity) Volume Variance
Net present value = (expected after tax inflows x PV factor) – Investment cost
PV for 1 year = cash flow / (1 + discount rate)^n
PV factor = investment cost / annual cash inflowspayback period = net initial investment / annual after tax cash flow
Initial investment = annuity x PV factor
Financial Leverage = % change in EPS / % change in EBIT
DCL = DFL x DOL
weighted average interest rate = cost of debt x (1-tax rate)
earnings before tax = after tax income / 1 – tax rate
CAPM = risk free rate + beta * (market return – risk free rate)
before tax cost = interest payment per year / discounted or premium proceeds
after tax cost = before tax cost x (1 – tax rate)
degree of financial leverage = % change in net income / % change in operating income
operating leverage = (Quantity x (selling price – variable cost) / (quanity x (selling price – variable cost) – fixed cost
total leverage = (Quantity x (selling price – variable cost) / (quanity x (selling price – variable cost) – fixed cost – Interest expense – (preferred dividends / (1 – tax rate)
dividend capitalization model common stock = dividend / (selling price per share – underpricing – flotation) + expected annual growth
gordon growth model = dividend / (price x (1 – flotation)) + expected annual growth
cost of forgoing discount = (discount % x 365) / ((1 – discount%) x (pay period – discount period))
cost of debt = (interest expense – tax benefit) / carrying value of debt
accounting rate of return = net income / average investment
economic order quantity = Square root ((2 x demand per year x production setup) / (cost per unit x carrying cost))
reward to risk ratio = return / standard deviation
Sharpe portfolio measure = (portfolio return – risk free rate) / standard deviation
Treynor index = (portfolio return – risk free rate) / beta
cost of preferred stock = (dividend% x par) / (issue price – issuing cost)
cost of common equity = (dividend / price) + growth percentage
CPI = (current / base ) x 100
payback reciprocal = 1 / payback period
Arti PB 2/28/13(62) 4/10/13(68)
A 7/10/13
R
FAugust 21, 2016 at 8:04 am #814608Trele6ParticipantMaybe I got super lucky when I took BEC but I was worried about the variances big time and studied them a lot. 2 questions…… that was it…. Becker made it feel like I would have 10 questions on variances.. nope….
B – 80
A – Waiting for my grade….
R – 87
F – 79B - 80 Jun16
A - 74 Aug16, 77 Oct16
R - 87 Nov15
F - 79 Apr16
Ethics - 98 Nov16
Licensed in New Mexico Dec16First go at the CPA! Only using Becker
Reg / Nov 2015 - 87
Far / Apr 2016 - 79
Bec / May 2016 - 80
Aud / Aug 2016August 21, 2016 at 8:39 am #814620 -
AuthorReplies
- You must be logged in to reply to this topic.
