Take REG Q4 2018 or Q1 2019?

  • Creator
    Topic
  • #1838938
    Kyle
    Participant

    Hello all,

    I have been debating on whether I should take REG in Q4 18′ or Q1 19′. I know there will be significant changes made to REG in 2019, but I really cannot decide on a time. I currently work for a public accounting firm, so I would like to take the exam that will be most useful.

    Thanks in advance!

Viewing 11 replies - 1 through 11 (of 11 total)
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    Replies
  • #1838947
    MIsconnie
    Participant

    Always get the gross ones out of the way first (i.e. REG and FAR). But definitely take it before the exam changes.

    Best of luck!

    AUD - 79
    BEC - 92
    FAR - 82
    REG - 90
    Don't get nervous, you suck when you're nervous

     

    #1838957
    HDCPA
    Participant

    If you are asking because you dont have much time to study and be prepared as you need, then 2019 Q1. If you are asking for the sole purpose of items changing, I would take it sooner. Youw ant to be as efficient with the timing of exams as you can, so god forbid if you fail you dont lose exam scores.

    Not that much changes in the scheme of things for the exam, and everything will be a constant change in your profession, so I don't think you should go off of what will be most useful.

    AUD - 88
    BEC - 87
    FAR - 80
    REG - 91
    Love Harleys, TX CPA
    #1838966
    Kyle
    Participant

    Thanks for the advice! I wish I had started with it or FAR. I took BEC in May and will take AUD in July, so I really do not have a preference in what's next.

    #1839565
    lam2848
    Participant

    Do you have experience in tax? If so I would take it in Q4 that way, the knowledge you already have will still be applicable. If you wait to take it in Q1, a lot of the things you already know from experience will change.

    FAR - 78

    AUD - 75

    BEC - 83

    REG - 82

    #1839701
    jeff
    Keymaster

    2018 for sure

    AUD - 79
    BEC - 80
    FAR - 76
    REG - 92
    Jeff Elliott, CPA (KS)
    NINJA CPA | NINJA CMA | NINJA CPE | Another71
    #1839985
    Determined One
    Participant

    Jeff-

    What about someone that worked in public accounting for 10 years (tax), but has been out for the last 8 years and not worked with (or remember) tax at all?

    Would it be best to take Reg in Q4 2018 or Q1 2019? I ask because aren't the tax rules going to be much more simplified with the upcoming changes, so wouldn't those more simplified rules be tested on the Q1 2019 exam? I would rather learn the more simplified info than re-learn the more complex rules. I have not researched anything on the upcoming Reg exam changes yet – only hearing everyone say take Reg before the changes occur.
    Please give me your thoughts.

    Ready for this to be over!
    #1840069
    jeff
    Keymaster

    If someone knows nothing about tax – I could see that, but if someone is well-versed in tax or has taken REG before – I would take it now to avoid confusion.

    AUD - 79
    BEC - 80
    FAR - 76
    REG - 92
    Jeff Elliott, CPA (KS)
    NINJA CPA | NINJA CMA | NINJA CPE | Another71
    #1859191
    Kyle
    Participant

    I would say that REG would be the section I’m least associated with, with the exception of having some experience with BLaw. I recently started a new job with a public accy firm, so my experience with taxation is at a minimum. Since that’s the case, I’m think REG for Q1. I found out Thursday that I failed BEC by 3 pts, but I am taking it as a positive since I ran out of time for 2 writing SIMS and left another blank altogether.
    I am taking AUD on Monday and will immediately start studying for a BC retake ASAP. Actually, my wife and I will have our first child within the month so I wouldn’t take BEC until Aug or beg of Sept. Then, I’ll finish with FAR Q4.

    #1866025
    Anonymous
    Inactive

    I just graduated from college and the last time I took tax was almost 2 years ago (I don’t remember much, so regardless of which exam it’ll be like starting fresh). I will be joining a Big 4 company in Tax this January.
    If I waited to take the Q1 2019 REG exam would that be a bad idea? My thought process is I should study/learn what I would be using at work (the new material) rather than old.
    I haven’t started studying or taking the exams yet, but I’m thinking:
    FAR-AUD-BEC-REG

    Any input would be appreciated!

    #1866040
    Anonymous
    Inactive

    @advman, I responded to your other post. But I wanted to address your comments here as well. If you are working with a Big 4 company in the spring, I doubt your experience will be that relevant to the REG exam. Likely, you will work in a very niche segment (hedge funds, venture capital, high net worth individuals, etc). The exam heavily tests individual tax and very basic business tax. Your experience could be different, it probably depends some on what practice group you are assigned to. But I'm not sure I would hold off taking the exam for this purpose.

    #1966956
    nikkie320
    Participant

    I feel like the new tax law will be easier but since we’re so used to the current material. Just take what you’re comfortable with according to your time line

    AUD - 77
    BEC - 83
    FAR - 87
    REG - 89
    I studied hard for the bonus! You can do it too!
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