CPA Reviewed – Podcast #15




Another71.com show

Summary: Bob: If the SEC hasn’t approved IFRS, why is it on the CPA Exam?<br> <br> <br>  <br> <br> <br> Maritza: I am struggling with BEC. I have taken it four times and failed, but I have passed every other section. My first credit expires in August 2012. I plan on taking BEC again in the January/February 2012 testing window. I’m not sure my review course is doing enough to prepare me for BEC.Can you please give me some guidance for BEC? Do you think I should I purchase a different review course? Can you recommend which one to purchase? Thank you very much for your input.<br> <br> <br>  <br> <br> <br> Laurie: I started studying for the exam earlier this year using a combination of a review course and your NINJA Notes (love them by the way). I have passed FAR and AUD. My original plan was to study for REG next.I just looked and discovered that my review course has not yet released the 2012 study materials. Would studying with 2011 materials hurt me? Would it be better to take BEC next?<br> <br> <br>  <br> <br> <br> Jason: I’ve heard you mention that the actual CPA exam at the testing center is a little easier in level of difficulty than the test bank software questions. Did I understand you correctly? Also, is it just me or do the Wiley Text Book questions seem a lot more difficult than the Wiley Test Bank software questions?<br> <br> <br>  <br> <br> <br> Bob: I have the Wiley test bank of 2006-2007 for all four parts. Is it advisable to go through the questions in there for problem solving as regards the Audit section?<br> <br> <br>  <br> <br> <br> Howard: For FAR, I know that you do one module at a time and then progress to the next module after you get between a 70-80% on a sample test of 20 multiple choice questions. But there is so much time and information that you learn between the first module &amp; the last module. How do you prevent yourself from forgetting information before you reach the end of the last module?<br> <br> <br>  <br> <br> <br> Melissa: I am sitting for REG on January 9, 2012. Will I be OK to study with the 2011 materials? I am also using the Wiley test bank and your NINJA notes. Should I consider supplementing with another test bank?<br> <br> <br>  <br> <br> <br> Emily: I took a review course for FAR and studied for 6 months. I did everything that the review course said, completed all of the of MCQ's, did all simulations, reread the textbook, and completed the final exam and mock exams. I was scoring a 69% on the mock exam, so I should not be surprised that I did not pass on my first attempt. I think there may be a better review course for my next try.Do you recommend switching review courses? And should I move on and take BEC before trying FAR again?<br> <br> <br>  <br> <br> <br> Jennifer: I just got my score on REG passed! Now, I am not sure what to take next. My job is already getting busy with year-end projection, and I am a single mom. I scheduled FAR for the beginning of February. I am not sure if that will give me enough time to study all of the material for FAR. Do you think two months is enough?<br> <br> <br>  <br> <br> <br> Eric: For the first quarter of 2012, which sections of the CPA Exam are OK to use 2011 review videos, assuming you have the latest updates already from your 2011 review videos? Are any 2011 review videos are OK for the first 6 months of 2012, assuming you have the latest updated for 2011?<br> <br> <br>  <br> <br> <br> Rachel: I have passed three parts of the exam, but I am stuck on Audit. I took it in November 2010 and got a 74. I got a 64 on my retake in July 2011 and another 64 in November 2011. I don't think priorities or motivation are my problem, so I think I need to switch review courses.I bought the NINJA notes and am interested in the Wiley test bank.