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musicamor04
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Joined: 05 Oct 2011
Location: United States
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Posts: 155
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| Posted: 09 Nov 2011 at 10:49 | IP Logged
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@momcpa...unfortunately, this past failure represented my 4th time taking REG--OUCH!! I've passed all other parts and just need REG to become a CPA. REG is my nemesis, my arch enemy. I don't want to be a lawyer, nor a tax accountant, nor work in public accounting (already paid my dues in public accounting), so this section is the most hardest for me to grasp, but I'll get there.
I'm pretty confident in knowing exactly what went wrong on this last test. I did not control the time (they shortened the exam by 30 minutes) and I was not as confident with the business law piece--I had a lot of questions on business law. Had I controlled the time, I could've spent more effort on the simulation, thus probably passing!!
I did study a lot, probably about 20+hours per week for about 3 weeks. Obviously, I could've used more studying time. I didn't purchase the Wiley online test bank until 3 days before my exam--had I done that sooner, it probably would've caused me to pass.
__________________
BEC - (65, 75, lost credit re-take May 30, 2012)
FAR - (42, 60, 64, 76)
AUD - (63, 87)
REG - (70, 58, 50 69, 70, 88--FINALLY!!)
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meacpa_2011
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| Posted: 09 Nov 2011 at 14:58 | IP Logged
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musicamor04
They have shortened exam time? To how much, when I wrote last, REG was for 3 hous and that felt very less? This is a cause of concern.
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CPA#1
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| Posted: 10 Nov 2011 at 16:54 | IP Logged
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musicamor04 wrote:
| Yes, business law accounts for at least 17%, but not more than 21% of your overall grade. You cannot go into the exam without a thorough understanding of contract law, the UCC, statute of frauds, etc. This is how I failed REG--I don't know enough business law. |
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According to Phil Yaeger, NOBODY fails because of Business Law.
__________________
FAR: 52,66,73,61,89
AUD: 47,87
BEC: 80
REG: 64,74,84
DONE!!!!!!!
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TaxProfMom
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| Posted: 07 Mar 2012 at 20:52 | IP Logged
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There wasn't a lot of Blaw on my exam, but there was some ethics, statute
of frauds, and lots on IPO regulations. Not much on contract law,
consideration, but some on voidable vs. void contracts.
I used Roger and felt well prepared. I also took 2 semesters of Blaw as an
undergrad, 1 semester of torts & criminal law, and 1 semester of Blaw for
my MBA, so I didn't feel I had to study much. The IPO regs were new - we
didn't cover that in my courses. I expected much more on agency theory,
contracts, easements, property law, constitutional law, etc.
The one place I felt that Roger had a lot of emphasis that wasn't necessary
was depreciation. He went into great detail on how to calculate
depreciation using MACRS, when all you really needed to know was the
tax treatment of depreciation recapture vs. capital gain on the sale of
business assets.
Good luck! I hopefully find out scores tomorrow - pins and needles, this
is my last one!!!
__________________
FAR - (Becker) 4/11 83!
AUD - (Roger) 8/11 86!
BEC - (Roger) 11/11 87!
REG - (Roger) 2/17/12 84!
BA Econ '93, MBA '00, Kid1 '04, Kid2 '06, MSAT '09
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allanarlen
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| Posted: 20 Jun 2012 at 19:40 | IP Logged
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Commercial
transactions can be complex
so it is important that
your team has an experienced
business lawyer make a positive to protect your interests transaction running smoothly. Know
when the business lawyer can help you avoid costly mistakes can make the business increasingly
difficult.
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