JenniferRock Studying!

Pass the CPA exam (read all 13 entries…)
BEC - 13 days till exam day!

For those of you who used Gleim to prep for BEC: My test is in 13 days and i’m on the first chapter of IT. Do you recall needing all 5 chapters for the exam or not? I’ve heard IT in Gleim is too much! I definitely want to cover all of cost. Any advice is greatly appreciated!

Jul 19, 2009, 03:42PM PDT


Comments:

dark_man_usa REG:passed, AUD:passed FAR:passed BEC: passed. I am done!

I have IT notes that I created by myself. It covers all IT materials. BEC was my final exam and I passed it with a 79. Download it from the link below.

http://www.easy-share.com/1906833658/Information technology1-1.doc

Jul 20, 2009, 04:32AM PDT | Parent | Respond to this 1 cheer

JenniferRock Studying!

Thanks Dark_man_usa! I appreciate it! Do you happen to have any notes on Chapter 3 and/or 5 of BEC? That would be NPV etc, and Cost. I’m struggling with understanding how to apply NPV. Thanks again Darkmanusa!

Jul 20, 2009, 05:24AM PDT | Thread | Respond to this

dark_man_usa REG:passed, AUD:passed FAR:passed BEC: passed. I am done!

let me explain how to deal with NPV. First you should know the two terms

1. Cost of the project (outflow, investment)
This means what is the cost of the building, equipment..etc it is always multiplied by NPV of 1, therefore, if the cost of the equipment 10,000, NPV of it is 10,000 there is no change

2. Cash inflows:
There are two things that bring cash flows. First: AFTER Tax (not before be-careful) annual cash flows that comes from the project.

Second: depreciation tax shield ( Cost of the project / No. of years) * tax rate

Then Add (first+second from above) x NPV factor

Now apply the above in this formula
NPV = Cash inflows – Cost of the project

Jul 20, 2009, 06:59AM PDT | Respond to this

dark_man_usa REG:passed, AUD:passed FAR:passed BEC: passed. I am done!

notes for cost accounting

http://www.easy-share.com/1906847090/Cost accounting-4.docx

Jul 21, 2009, 05:07AM PDT | Respond to this

dabigkezz

Darkman – you enjoying your newfound life, lol??? Get a job yet??

Jul 20, 2009, 06:02AM PDT | Thread | Respond to this

dark_man_usa REG:passed, AUD:passed FAR:passed BEC: passed. I am done!

lol, I though after passing the CPA exam that I will find a job easily. I am still searching for a job. My mistake was to refuse Delloitte’s offer. Now, any position with any of the Big 4 would be good. It doesn’t matter the salary since I don’t have auditing experience.

How about you, what section r u preparing for now?

Jul 20, 2009, 06:44AM PDT | Respond to this


 

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