REG Study Group Q1 2017

  • This topic has 1,482 replies, 126 voices, and was last updated 7 years ago by tmjcpa.
Viewing 15 replies - 1 through 15 (of 1,482 total)
  • Author
    Replies
  • #1396698
    HoosierCPA
    Participant

    @Hasy nope, I've only tried out Ninja MCQ's.

    AUD - 80
    BEC - 82
    FAR - 78
    REG - 89
    ...

    FAR - 78
    REG - 72,74,71...please just go away REG nobody likes you!
    BEC - 82
    AUD - Aug 16

    #1396772
    Teal
    Participant

    Can anyone explain what exactly E&P is made up of? (i.e. how to compute it?) Or am I thinking too hard about this, haha!

    AUD - 82
    BEC - 79
    FAR - 75
    REG - 77
    NINJA & Roger

    Passed AUD!

    Passed BEC!

    Passed FAR!

    Passed REG!

    FAR (66,68) Aug 26
    REG (66) July 25
    AUD (66) December 1st
    BEC - October 3rd

    #1396836
    RE2PECT
    Participant

    I was hoping not to be in any more of these, but someone wants me to suffer a little longer lol. For all of us who are on our last exam we got this! Let's not be guinea pigs for the new one!

    How are all the retakers studying this time around? I'm scheduled for a 1/17 rematch.

    I've basically been hitting mcq's and sims for the last 3 weeks. Not sure if I should spend the time rewriting whatever notes I took or just keep doing what I'm doing and maybe just review my notes and the text as I go. I may just write out all the mnemonics in Roger's book so I have them for a quick reference.

    "Luck is what happens when preparation meets opportunity."

    Roger & Ninja

    FAR: 75
    AUD: 73, 81
    BEC: 71, 73, 82
    REG: 68, 82

    FAR: 75 Roger & Ninja (notes/flashcards/audio/MCQ)
    AUD: 73, 81
    BEC: 71, retake 8/29
    REG:

    #1396839
    aatoural
    Participant

    @Teal – I still have some doubt in terms of what increases it or decreases it as well. However I do have the distributions part completely mastered (or I think I have )

    +Current E&P and + Accum E&P = all distributions dividends to extent of both
    +Current E&P and – Accum E&P = all distributions dividends to extent of Current E&P (DO NOT NET)
    -Current E&P and + Accum E&P = all distributions dividends to extent of Acc E&P (CAN NET)
    – Current E&P and – Accum E&P = no part of the distributions is dividend

    If not enough or negative Accum E&P and Current E&P – distributions will be return of capital to the extent that basis is greater than zero, if distribution in excess of basis is left then is taxed as capital gain

    Current E&P is proprated among the distributions and Accumulated E&P is distributed first come first served basis. (Becker has a good SIM for this)

    BEC - PASSED
    AUD - PASSED
    REG - PASSED
    FAR - PASSED

    BEC - PASSED
    AUD - 8/29/16
    FAR - TBS
    REG - TBS

    #1396841
    LIZZ
    Participant

    My test date is 01/06 I am using Ninja for mixed MCQ and Becker.

    FAR - 05/2015
    AUD - 75,11/2014
    REG - 07/2015
    BEC - 09/2015

    #1396842
    aatoural
    Participant

    Also SIMS in Becker Chapter 3 (last simulation covers a lot of E&P.

    BEC - PASSED
    AUD - PASSED
    REG - PASSED
    FAR - PASSED

    BEC - PASSED
    AUD - 8/29/16
    FAR - TBS
    REG - TBS

    #1396853
    HoosierCPA
    Participant

    E&P you can get through a good chunk of scenarios using common sense. The concept of it is taking your tax income and working to book income. The key is knowing what you can reduce for federal tax purposes. For example. Federal income tax is a non deductible expense for tax however from a book income perspective it IS an expense and needs to be recognized–so going from tax income to book income you will need to reduce this. Item that are recognized in both obviously need no adjustment (ex regular operating expenses). And then finally items that get extra expenses for tax purposes need to be added back to get to your book income (ex. Accelerated depreciation, however depreciation can swing either way depending on the scenario).

    AUD - 80
    BEC - 82
    FAR - 78
    REG - 89
    ...

    FAR - 78
    REG - 72,74,71...please just go away REG nobody likes you!
    BEC - 82
    AUD - Aug 16

    #1396905
    JMG
    Participant

    Glad to be a part of this group, ready to tackle REG as my first exam! I've been studying for roughly 4-5 weeks now and will be sitting for the exam in mid-January. I'm using Becker and Ninja MCQ, hopefully that's enough to get the win. Hard to stay focused right now with a 2 month old at home, starting an internship with a Big 4, and also planning to take BEC at the end of the window. Let's do this!

    Your fail scores are like battle scars, so wear them proudly!

    REG - 76 (expired 7/31/18)

    BEC - 69, 72, 80

    AUD - 62, 70, 74

    FAR - 50, 60

    #1396910
    HoosierCPA
    Participant

    @JMG we will knock this out. Looks like you are apart of the parent crew with me and @Re2pect. I have a 1 month old and a 13 month old at the house! I don't have the demanding hours of a big 4 though so I feel your pain!

    AUD - 80
    BEC - 82
    FAR - 78
    REG - 89
    ...

    FAR - 78
    REG - 72,74,71...please just go away REG nobody likes you!
    BEC - 82
    AUD - Aug 16

    #1396925
    JMG
    Participant

    @dtatham10 I tried to time it just right so that by the time I start the internship, I will be in my 2 week review phase. Hopefully the holidays won't distract me too much!

    Your fail scores are like battle scars, so wear them proudly!

    REG - 76 (expired 7/31/18)

    BEC - 69, 72, 80

    AUD - 62, 70, 74

    FAR - 50, 60

    #1396944
    cpaMD86
    Participant

    Haven't started studying yet, but I'll be here with you guys. Taking a slight break after BEC. This my last section, so here's to all of us passing in one shot!

    AUD - 80
    BEC - 80
    FAR - 82
    REG - 79
    Be willing to be inconvenienced for your conviction.

    Roger/Ninja MCQ/Ninja Notes

    FAR: 9/3

    #1396946
    RE2PECT
    Participant

    Good luck to you JMG and congrats on the baby! It's not easy having a little one at home. I would try and knock out as many exams as you can while the baby is still young and doesn't require as much attention. My son will be 11 months soon and he's all over the place lol. Plus he's been waking up a lot in the middle of the night, which he never used to do. I've been up since 4am and it's hard to focus when you have to study in the evenings after working all day and taking care of a baby.

    "Luck is what happens when preparation meets opportunity."

    Roger & Ninja

    FAR: 75
    AUD: 73, 81
    BEC: 71, 73, 82
    REG: 68, 82

    FAR: 75 Roger & Ninja (notes/flashcards/audio/MCQ)
    AUD: 73, 81
    BEC: 71, retake 8/29
    REG:

    #1397063
    tyw416
    Participant

    I plan to take reg on Jan 2017. I don't know which year's number I should use for personal exemption. 2015 or 2016? Thanks.

    #1397115
    aatoural
    Participant

    The books have 2016 numbers for indexed amounts

    BEC - PASSED
    AUD - PASSED
    REG - PASSED
    FAR - PASSED

    BEC - PASSED
    AUD - 8/29/16
    FAR - TBS
    REG - TBS

    #1397130
    Claudia408
    Participant

    hey guys, going on attempt #5 with Reg. Yes, FML. all previous attempts i scored weaker on biz law and i noticed Ninja MCQ has 736 biz law questions which is like 40% of the test bank. does anyone actually recommend going through all 736?

    BEC 65, 71, 75
    AUD 62, 70, 78
    REG 67, 66, 65, 66, 64
    FAR 68, 64, 73

    BEC - 75 (3x)
    AUD - 78 (3x)
    REG - 67, 66, Aug 1
    FAR - 54, Sept 8

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