In the inventory module, there are 14 methods of inventory valuation is mentioned. Did you come across any explanation related to retail method of inventory valuation? How important to learn that method?"
"Thank you very much Rob for answering my two questions. I too read IAS 38 but was confused because the answer in Wiley is D. The same question was posted in the forum in the yea 2011 with the same confusion. I do not know why Wiley hasn't…"
The answer for your question is D i.e $ 900,000. the question says that the subscriptions received after SEP 30 cut off date is credited to deferred subscription revenue and the cash is received evenly. So from the months of OCT to…"
"hello Rob, can you please explain me this:
Lawson Corp. uses the revaluation model for intangible assets. On March 1, 2010, Lawson acquired intangible assets with an indefinite life for $100,000. On December 31, 2010, it was determined that the…"
"Can any one tell me what are Disclosures?
Are they ask for disclosures in Financial Statements or Disclosures as Foot Notes in Financial Statements?or Both?
How to identify the question in relation to Disclosures?
Is there any difference between…"
"Thank you very much Rob. I just wanted to know why the question has asked for Revenue and the answer has given for only profit element from sale. Because we know that Revenue comes from sales and profit is revenue-expenses . But you clarified my…"
"Hello Rob, Can you explain me the concept for below MCQ:
On December 31 year 1, Mill Co. sold construction equipment to drew Inc. for $1800000 with a carrying amount of $1200000. Drew paid $300000 of cash on December 31 year 1 and signed a $1500000…"
"Can any one tell me how the research question is graded in FAR? We all know that there are 4 parts in the question. I am able to reach until 3, lets say. ASC 715-30-35-16. But my last part is wrong in most of the situations. So I want to know is…"
"I have one more question Rob regarding the depreciation; if the question mentions the tax rate and asks us to calculate the depreciation expenses that is reported as component of income statement, then do we have to consider the tax rate while…"
Madhavilatha, thank you for your advise and recommendaton. I am going through all the MCQ (wiley test bank). I will have to re read and re-write and understand the writing part, this is not my first language so it difficult for me to write an essay. I have Wednesday thru Monday to study. Planning to study at least 10hr/day. I'm nervous because this is my 3rst time. Have taken BEC in 2005 & 2010..:((
Hi Madhavilatha, I'm doing fine thanks..Just studying for Regulation, its very long and lots to memorize and learn so a date for an exam hasn't been set yet.Try to get the Yaeger videos for Reg, he explains the concepts and problems very well. Hows BEC going? I'm going to take auditing in the next window..Hope your doing well and Good luck with studying
Not finding time to answer as Iam very busy with AUD. In short, I have gone by what was there in Becker. I don't recollect the types of questions (computational or theoretical) asked in exam but Becker material was sufficient.
hi, just one more question..is the auditing exam very difficult? i know u took 5 months, but if a person is studying full time can it be taken in about a month or two of studying? is the exam straight forward?