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.
CPA 考试里的 Regulation section 2007 年上半年Test Window
gocpanow 发表评论于
hi everyone,
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?
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?
alvin_17 发表评论于
回复Chunky的评论:
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
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
Chunky 发表评论于
回复alvin_17的评论:
我也在研究该填哪些表，你在那个州啊？
我也在研究该填哪些表，你在那个州啊？
alvin_17 发表评论于
哈哈，今天网上查成绩，过啦~~~谢谢哦。
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？
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？
Chunky 发表评论于
回复alvin_17的评论:
Did you get the score? Wait for the score and try not to think too much....Good Luck~~
Did you get the score? Wait for the score and try not to think too much....Good Luck~~
alvin_17 发表评论于
我考REG考了3次了，还是没有过，第一次71，第2次70，第3次。。虽然成绩还没有出来，不过现在没有消息就是没有过的意思。其他3门我都是一次就过的了。我用的是becker的复习教材，这个是我第一次就开始复习的课，也是准备时间最充分的一门，那review book我都看的滚瓜烂熟了，作业也很熟络了，就是没有过说。所以我在想是不是becker教材不适合我？我现在打算买个Wiley的书看看，因为每次考试都考到Becker上面没有的内容。我本科在国内的会计，所以没有这方面的基础，可能真的是基本功不扎实吧，在座各位可以说说如何复习reg吗？ 拜谢!!!
fsnb8118 发表评论于
回复sfw985的评论:
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.
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.
sfw985 发表评论于
HI, does any body know can we get some online sources for research in REG? Like AUD we can get on AICPA website to access their database. How about REG?
Thanks for help!
Thanks for help!
fsnb8118 发表评论于
This is Copy and Paste from the Yahoo CPA group
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
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
Chunky 发表评论于
I forgot to mention that my screen got frozen during my first simulation for more than 3 times. I was calm, stopped touching the mouse and waited for the screen to respond.
If this happen to you, do not panic and do not click around. Just wait!
If this happen to you, do not panic and do not click around. Just wait!
Chunky 发表评论于
回复Alicewye的评论:
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. :)
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. :)
Alicewye 发表评论于
回复Chunky的评论:
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. :)
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. :)
Chunky 发表评论于
I took REG today. I have to say that I got pretty difficult MC questions. There are at least 2-3 MC questions are totally unfamiliar to me. I had to take a guess in 5 seconds. I can not tell how much more difficult the second test let is than the first one, but definitely the third one is more difficult, especially the first 15. I marked around 6 of the 15 and came back to them. Most of the time, I did not change my first time choice.
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.
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.
Chunky 发表评论于
回复fsnb8118的评论:
Thank you, Kevin.
Thank you, Kevin.
fsnb8118 发表评论于
回复Chunky的评论:
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.
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.
Chunky 发表评论于
I am working on some Wiley simulations these days. Do I need to remember which numbers should be on page1 form 1120/or 1065 and which numbers should be on Schedule K-1? Did you guys do the sample exam before your exam? The one simulation on the official website is on partnership. Is your actual simulations on the exam harder than that one? Thank you.
alicewye 发表评论于
回复Chunky的评论:
Thanks thanks, please keep me in your mind.:) BTW, my email is wenshi_ye@hotmail.com.
Alice
Thanks thanks, please keep me in your mind.:) BTW, my email is wenshi_ye@hotmail.com.
Alice
Chunky 发表评论于
回复alicewye的评论:
I have not used Wiley simulation yet. I will tell you when I finish all their simulations and exam. :)
I have not used Wiley simulation yet. I will tell you when I finish all their simulations and exam. :)
alicewye 发表评论于
Why we only have dogs and cats here? Where are the others?:)
alicewye 发表评论于
回复Chunky的评论:
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.
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.
Chunky 发表评论于
回复alicewye的评论:
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. :)
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. :)
alicewye 发表评论于
回复Chunky的评论:
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!:)
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!:)
fsnb8118 发表评论于
回复Chunky的评论:
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
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
Chunky 发表评论于
I schedule to take REG on April 9th. I am going through business law chapters now. I feel so boring and difficult to remember all details. I heard that all the multiple choice questions are quite straight forward. I am really nervous about the simulation part. Should I practice all the schedules in tax form? You mentioned you had one sim. on entity. I do not understand which part that is if I can ask. If not, ignore my questions. Thank you.
I will come here often. :)
I will come here often. :)
fsnb8118 发表评论于
回复Chunky的评论:
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?
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?
Chunky 发表评论于
I heard that all the simulations are on tax, not business law. Is it true? It is difficult for me to remember everything in Becker. Is it safe to skip all the required reading? Thanks.
alicewye 发表评论于
For regulation, I didnt read the HW reading at all. And I guess I was lucky I didnt see any questions in the exam too. :)
fsnb8118 发表评论于
回复sfw985的评论:
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.
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.
sfw985 发表评论于
A question about REG from the review material:
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."
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."
AliceWYe 发表评论于
I took REG in Feb. Failed it with 71. I think Becker is good too, but I think you should have at least 45 mins for each Simulation. I ran out of time too, I have some free time for the MQ, also fail simulations' writing, I dont even have time to get them done. :( Will take it later. Good luck to everyone here.
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