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I found the Business Law section hard to understand and didn't give it much attention because I thought not much would show up on the actual exam. However, my actual exam had a lot more Business Law than I anticipated and I was lucky to score a 75.
My BEC exam crashed while i was taking it during an MCQ Testlet and it took about 20 minutes to get it back up and running. I reported it to NASBA and they offered to waive my retest fee if I received a failing score.August 25, 2019 at 5:29 pm in reply to: Do you watch just video’s or read the book(notice) as well? #2656344
I just watched the Wiley videos at 1.5X speed and read the book/text below the video only if I was struggling answering the questions
If you are in NC and close enough I would recommend App State's Masters program. The program is 12 hrs in fall and spring and 6 hrs during the summer. We had a lot of transfers that did their undergrad at Chapel Hill and everybody in my graduating class has passed the CPA exam either during the program or shortly after.
You'll get that Present Value Factor on the FAR/BEC exam and you just have to know which factor to use in different circumstances.
This has been my journey…
I got my undergrad in Accounting and immediately got my masters right after and my first job was with a small interior design firm that paid $11/hr for 3 days a week.
My next position was with a local cpa firm and made $13/hr part-time.
After leaving the cpa firm I started with a large health system in my area as a “Business Specialist” at $19/hr. I pretty much did month end journal entries for my department and submitted them to finance. After two years at this position I was able to make a case to be reclassified as a Finance Analyst and my salary went to $47,700. 2 years later I am at the same company and make $49,700.
I recently passed the CPA Exam and should be licensed later this month. Once it becomes official I plan to make a case to become a Senior Finance Analyst and reevaluate comp.
Thanks for the info Jimmy. I was wondering because 10 weeks would put me at the September Board meeting and that sounded like an awful long time for approval.
I don't think putting life on hold is necessary to pass. I started taking Jiu-Jitsu 3 days a week (1.5 hours on Tuesdays,Thursdays, and Saturdays) and my wife and I had season passes to a local theme park/water park during the year I was taking exams (we went at least one or two Saturdays a month). I was also able to maintain going to the gym to lift weights an hour or two each day (Monday, Wednesday, and Fridays). I was able to pass all four in 14 months and only failed one of the exams. This was also while working full time.
So I would say it is definitely possible to pass and not sacrifice your whole life.April 26, 2019 at 5:53 am in reply to: Passed All 4 Parts in Q1 2019 (Have you received a congratulatory letter?) #2354562
I passed my final exam on 2/27/19 and found out on the 3/7/19 release. Then my wife and I went to Thailand from March 17-26 and my congratulatory letter from the NC Board was in the mail that we received while we were out of the country. However, I haven't received or heard anything from NASBA since passing all 4 parts.
I found it extremely helpful to use excel on the actual exam and used it when practicing multiple choice so I would be used to utilizing it during the exam. I also found it was efficient to set up formulas and plug answers to back into some of the answers.
I found that Ethics/Professional Responsibilities sections were not too bad, but definitely not like the other exams. Business Law was a nightmare for me (I pretty much skipped that whole section/skimmed it). Property Transactions were tricky for me. However, the Individual and Corporate Tax sections were more like learning FAR calculation wise and conceptually. I would highly recommend trying as best you can to get a grasp on the Law topics. I was very underprepared for the questions I got on my exam and was lucky to walk away with a 75.
77 on BEC and I am finally done with all 4 exams!!!
It has been a long 14 month journey with 5 attempts to pass 4 exams. I’m glad to say it’s finally over. Congrats to everybody else that passed.
I took BEC on 2/27/19 and my first testlet was hard compared to the Wiley Test Bank, but the second testlet was comparable to the Wiley Test Bank. I had one ridiculous SIM that was very vague on what was being asked for (hopefully it was a pretest SIM) and another SIM that was hit and miss. The other two SIMs I feel confident I got most of the points. The Writing Prompts were pretty straight forward and overall easy to write about. I'm just hoping this is my last score release and I did just enough to get a 75.
NTS for AUD and REG $491.80
NTS for AUD Retake $283.40
NTS for FAR and BEC $491.80
Wiley Course $1,583.60
Wiley MCQ Test Banks $600
So roughly $3,450 to date. I took BEC yesterday and if I pass I am done.
The videos on this guy's channel really helped me with process costing and variance analysis.
I passed FAR with a 76 on my first try. I got a lot more Governmental/Non-profit than I was prepared for on MCQ, but felt solid about about all of the SIMs except for one.