Business Law – REG – how much study time???

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    Topic
  • November 21, 2017 at 3:14 pm #1665826
    emichelle2321
    Participant

    I keep hearing flip flopping views on how much time to dedicate on studying business law for REG. I have a little over two weeks before my exam and want to know from people who have taken REG recently how much time to devote to this area? I am using Becker and supplementing with Ninja MCQ. Please give me some advice!!!! Really appreciate it.

    AUD - 81
    BEC - 81
    FAR - 84
    REG - 83
    Done!!!!!
Viewing 5 replies - 1 through 5 (of 5 total)
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  • November 21, 2017 at 3:50 pm #1665869
    Ana
    Participant

    0 time. Per their guidelines, it's less than 10% of the mcq and no sims. Don't waste your time. I failed my first time wasting 2 weeks on law. Completely ignored it the 2nd time.

    BEC - 78
    AUD - 75
    REG - 64, 77
    FAR - 73, 73, 73, 82
    Ethics: 74, 84, 98
    Finally done after 23 months.
    November 21, 2017 at 4:19 pm #1665893
    emichelle2321
    Participant

    Oh wow really? I’ve read people that have taken it since the exam changes have had a BL SIM and to not fully ignore it – when did you take the reg exam?

    AUD - 81
    BEC - 81
    FAR - 84
    REG - 83
    Done!!!!!
    November 21, 2017 at 4:57 pm #1665934
    Ana
    Participant

    pre sim changes, q1 2017. I don't think it's possible to have a sim on law since it's not on the blueprint.

    BEC - 78
    AUD - 75
    REG - 64, 77
    FAR - 73, 73, 73, 82
    Ethics: 74, 84, 98
    Finally done after 23 months.
    November 21, 2017 at 5:06 pm #1665943
    Anonymous
    Inactive

    I spent a decent amount of time on Business Law. Don't skip it!

    The test isn't scored as a %, but if you shoot for 75% of correct answers (which is still roughly what you will need), you can't afford to punt on 10% of the exam. Spend 10% of your time. Understand some of the basics and don't kill yourself memorizing everything. Read through the notes/pass keys the night before and you will be fine. You need to get a couple law questions correct to pass the exam…

    November 21, 2017 at 5:27 pm #1665959
    Wanna_B_TXCPA2014
    Participant

    I tried reasoning out the main ideas for each area:
    Who is the CPA liable to for what & when, defenses, penalties. Draw your pge in 1/2 10b5 and 11 33 and 34 act.

    When do you have a contract or not, defenses

    Understand authority when it comes to agency

    Be able to understand court process and jurisdiction

    Draw your page in 1/2 common law/ ucc know when you to use

    I didn't score great on my practice tests bc of the finer points of those areas but knowing the main ideas and how to work through the most common transactions.

    I think this is in there for one more thing just to mess with you. 9/10 you'd consult a lawyer not an accountant for what they ask

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