美国华人自己的CPA博客
在美国的华人为了能够令自己得生活过的好一点,或挑战自我,努力去考CPA.但又有几人能明白大家的心情呢
正文
Is Regulation hard? I just took it. Didn't pass it. Becker CPA review is really helpful, it almost covers everything. Becker is doing a really great job in REG. For my experience, I did really great in Multiple questions. Basically if just count the Multiple question, I passed it. But did bad in the Simulations. First simultation is about entities, and I did OK The second is about the the property transcations in Corporate TAX. How dare they are!!! And I ran out of time.
Did any of you have the same thing? We need to try our best to get the direction of the REG. Remember, don't post any CPA Exam questions.
Did any of you have the same thing? We need to try our best to get the direction of the REG. Remember, don't post any CPA Exam questions.
I am working on Reg with becker and wiley. I can't figure out how to search the database... everytime key word search results in lot of topics, how do you get the answer?
Becker material is not easy to understand...
I am in Silicon Valley, anyone we can work on study group?
还需要填表吗？我不知道阿，我就刚收到nasba给我寄来的成绩单，上面4个Credit都有了，我就想知道然后。我报montana
我也在研究该填哪些表，你在那个州啊？
有人知道4门都过了，接着怎么样吗？ 我到现在还没有收到信啊什么的，certificate什么时候给呀？
Did you get the score? Wait for the score and try not to think too much....Good Luck~~
That is a great question. I never got a chance to take a look at site.that before.
I believe AICPA do not govern the IRS codes.
You should try the IRS offcial web site.
Thanks for help!
I gave my REG test & would like to share my experience.
>
>As far as law is concerned, i had no questions on agency & bankruptcy in MC. MC had Qs on CPA liability(4-5) , property insurance (about 4 to 5 Qs), negotiable instruments (2-3) , securities act 1933 & 1934 (2-3), ethics.
>
>IN tax, i had a lot of MCQs on reconciliation of book income & taxable income (M1), partnership, C corporation. Definately do partnership & corporation very well. There were a lot of Qs on that.
>
>One simulation i got was on C corporation. In communication they had given a notice from IRS regarding understatement of income for the previous year. I was asked to advice the client what he is supposed to do after receiving the statement. The other things in the simulation were manageable.
>The other simulation was on partnership.
>
>Overall i felt there were hardly some Qs on law. Time management is the key. Keep 1.5 hour for the MCQs & the remaining 1.5 hour for the simulation. That way you will be able to solve the simulation better.
>
>All the best to everyone
>Bhavana
If this happen to you, do not panic and do not click around. Just wait!
Actually I felt really bad after the exam and now I feel better. I was thinking that I might fail during my second or third testlet, since I got really long MC questions and I had to read them couple times.
Most people said the first testlet is easy, but it is not true for me. :( I think 1/3 of the MC questions are not straight forward though.
Anyway, I have to move on to Audit. I want to take it by the end of May if I do not get too busy in work. If I failed REG, I will take it in early July. :)
Hello Chunky's mom. Congratulations! I think you did well, really well in MQ, that's why you got more and more difficult questions, in that case, you have a much bigger chance to pass the exam. Good for you! Waiting for your good news. :)
For simulation, I did not get very difficult ones, but none of those Kevin mentioned in his spreadsheet. There are 5 tabs in the first sim and 4 in the second one.
I got mixed feelings and am not sure whether I can pass. Good luck to you all.
Thank you, Kevin.
Filling up the Form 1120 and K-1 is not diffcult. Partnership is a very big portion in my exam. I believe in Alice's too, she mentioned that before. K-1 was on my exam. You need to remember almost everything for partnership and S Corp. Becker's book and questions are good enough for the exam.
Do some more the "forming" "profit sharing, and operation"
Good luck.
Thanks thanks, please keep me in your mind.:) BTW, my email is wenshi_ye@hotmail.com.
Alice
I have not used Wiley simulation yet. I will tell you when I finish all their simulations and exam. :)
It is very funny for me, I didnt have a single question from any "memorized!" formulars in Becker, if you know what I mean. Like fsnb8118 said, I dont think I have a lot of question about "inside and out", but I do realized you have to understand the basic concept and sth just common sense, when you do the question, just think what you would normally do if you are in the situation.
BTW, do you have the Wiley Simulation, is it really helpful? Does it have the detail explaination? I am thinking to get one too. :) Thanks.
Thank you for your encouragement, alicewye. I am doing the Becker MC and I also have Wiley simulations. I will take the risk and skip all the HW reading. Did you get a lot of business law MC? I am trying to remember all the details.
My dog's(son) name is Chunky. He is a hyer happy dog. :)
Hello Chunky, I took it in Feb.
Yes, the MQ is very straight forward, do the Becker questions, you will be fine. For simulation, no Business Law, only tax. Tax form is important, someone told me that Wiley book is better, well, but since your exam is coming soon, just do your best, I think you will pass it. But make sure you have at least 45 mins for each Simulation. I didnt know, and only had 30 mins for it, cant finish the writing. ;( Hope this will help. Good luck.
BTW, love your dog!:)
That is a really close test date. Good luck. Let us know how the exam look like. We need to verify the contents more accurately. By the way, I have a few members are going to take the FAR by the end of APRIL. I will make sure they post some useful info up here.
REG section important things: AICPA is updating the exam to focus on how to do the daily CPA works: corporates, partnership, S Corp, properties then individual taxes. If you know C & S Corp plus properties, you will pass it. That is what appears on my exam. Please let us know what you see in the April 9th. Don't post CPA exam questions here. I will delete it. Want to join the study group, email me at liukejie@gmail.com
I will come here often. :)
That is right, no sim for business law. Guess what, in my testing window, I didn't remember they have any business law questions on the test. :( I was so mad. Maybe two, something like negotiable instruments, notes.
"Don't have to know that inside and out" ------Peter
Did you guys got the same problem?
回复sfw985的评论:
This is a question from the homewrok readings. As I experienced, I didn't see anything from the homework readings, but it is good to know. It is an wired question, I think it should be:
Situation, state rate 3.2%
federal rate 6.2% becasue you pay unemployment tax of n%, they assume you already compensate those people you fired.
6.2%X90%=5.4% you fired but didn't pay umployment benifit.
Moreover, you don't fired people at all, basically you are a great employer, I want to get this kind of job too. Umployment in your company is 0%. Of cause you can appeal to IRS says, come on, I did a lot for this country........this community............ need tax credit!!!!!
I don't know if this is right or not, but a lot of times you have to do it in your own way. Hopefully this can help you to memorize!!!! Have a good day.
An employer having an experience unemployment tax
rate of 3.2 % in a state having a standard
unemployment tax rate of 5.4% may take a credit
against a 6.2% federal unemployment tax rate of:
Why the answer is 5.4%? I think should be 3.2% becasue
they have lower tax rate, as on our text book page
R5-46 C2 said: "Moreover, the state rate can be
reduced if the employer has a below average rate of
unemployment claim from prior employees."