memmy29 on "New 3 Part CIA Exam"
Hello! I finally passed the CPA exam in May and am officially licensed. I currently work in Internal Audit, and am considering the CIA certification. I have heard that it's beneficial to take the CIA...
View ArticleTopsya on "Scratch Paper on the exam site"
Hello all!Do you guys know if it would be possible to ask the testing people to provide me with MORE than 3 pages of scratch paper at ones? I remember that when I was taking the exam last time I had to...
View ArticleAngela on "Audit report-Scope paragraph？？？"
About standards auditor's report, are we still using the title "scope paragraph"? I though now it is management responsibility paragraph and auditor's responsibility para. However, Becker is still...
View Articlekcrc on "Testing window question."
Fact Pattern:So a long time ago I had originally planned to take BEC in July/August to be done forever. I went ahead and bought an exam section for BEC for that window, but in the meantime I discovered...
View Articlecpacontender on "REG - Need help on contracts question please"
Here is the question:On day 1, Jackson, a merchant, mailed Sands a signed letter that contained an offer to sell Sands 500 electric fans at $10 per fan. The letter was received by Sands on day 3. The...
View Articlerjdub28 on "Trouble with SIMs"
After 2 rounds of audit, it seems like the simulations are absolutely killing me. I was slightly unprepared for the first round of AUD, but went in guns loaded for round 2, only to fail again. When I...
View Articleyomomma on "REG : Are there any C corp vs Partnership Formation Differences??"
Does anybody know the main differences between a C Corp. and Partnership formation? - Generally they both don't result in gain or loss. - Services rendered are taxed by fair market value - Both...
View Articlek1zuna on "Partnership: Non-liquidating Distribution Order"
I know cash distribution is before property distributions. But what's the order for property distributions if the question doesn't specify? Is it: A/R -> inventory -> all other assets?
View Articleweneedtopass on "Regulation: Partnership - Guaranteed Payments from fiscal...
Good evening guys. According to my resources, guaranteed payments are reported by partners for the year in which the end of the partnership fiscal year occurs.For example. 9/1/11 - 8/31/12. 2011...
View Articleyomomma on "REG - Realistic Possibilities(More likely than not )...HELP"
- More likely than not = 50% greater chace that the possition will be upheld on its merits if it is challenged What does this exactly mean? Do we use it when we decide if something is Tax-exempt or not?
View Articlejsteinberger on "Partnership P&L - Contradicting answers in Wiley and CPA...
The following question is from Wiley Testbank. However, everything I read in CPA Excel states "as noted elsewhere, absent agreement to the contrary, partners equally share profits and losses."Flynn and...
View Articlecalicpa on "Very Confused: Bankruptcy solvency vs Equity solvency"
I am using CPAexcel and wiley test bank. They contradict each other on the definitions of bankruptcy and equity solvency.CPAexcel: banruptcy solvency = meet its obligations as they come due equity...
View Articleshiggity80 on "Where did you buy your frame from?"
For those who have their CPA certificate, where did you end up getting a frame for it?I recently got my certificate and am now looking for a frame for it. I stopped by some stores like Michael's/Hobby...
View Articlecpafighter on "Is 2012 Yaeger REG material(before June) still good ?"
I used 2012 Yaeger for REGULATION, but failed. Is that material still good for 2013? if not, is there any materials for update only? thank you
View Articleyomomma on "REG : Passive Acitivty Loss Question"
I'm not quite sure why the answer is B. Is the $35,000 not subject to $25,000 deduction because Lane isn't a real estate professional even if he/she materially participated in the real estate rental...
View ArticleManuelo on "Just finished Becker's comprehensive progress test"
Audit Reports: 88% Other Reports: 94% Engagement Acceptance and Planning: 89% Audit Evidence: 75% Sampling and Communications: 86% Professional responsibilities: 85% Are these grades enough to pass? I...
View Articlelyzgrace on "JIT Inventory Question"
Maybe I'm just tired, but I came across an MCQ that I don't really understand. Under a successful JIT system, what will likely happen to the:Cycle time? Number of suppliers?A) Decrease Decrease B)...
View ArticleJeff - another71.com on "The NINJA Shirt is Here!"
HiYa!http://www.another71.com/shirt/
View ArticleNCHC on "Run out of time and box that pops up after time lapses?"
Hey Everyone,I took REG today and I ran out of time. The exam closed on its own after the three hours were up. A pop up box came up and I believe I clicked "OK" before moving on to the screen with the...
View Articlematt23 on "% of new hires that have CPA"
Most people starting out at B4 have the summer off to study, what % should I expect to have finished their CPA on day 1. What % would you guess have 2 passed? 3? How about After one year? Thanks!
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