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DonvagCPA
Newbie
Joined: 04 Jan 2009
Location: United States
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Posts: 21
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| Posted: 30 Sep 2009 at 19:07 | IP Logged
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Hey What's up guys...
I have my Exam on Saturday, and Just started Reading Becker BEC 5 (That's the Section on Cost Accounting for the non-Becker Users). Now obviously, I am not going to have time to do all the questions and Review all the chapters in time for my exam...
Ideally, I would want to start reviewing the chapters right now, because my logic is that I'd rather Master 4 chapters than Half-ass 5 chapters...
I guess my question is this, for the people who took and Passed BEC: What section of Cost accounting module should I accord a bit more attention to in order to salvage some points? and is the Approach I am taking a good idea? Or should I just go kill myself right now because I am pretty much screwed? (ok, that last question was a joke, lol. maybe...)
Hope I am making sense. Any advice is GREATLY appreciated.
Thanks a lot guys.
__________________
BEC May 2010 -> 79
AUD August 2010
FAR November 2010
REG January 2011
Studying and Getting this Baby OUT of the WAY!!!
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caixinran
Regular
Joined: 10 Jun 2009
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| Posted: 30 Sep 2009 at 19:46 | IP Logged
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Have you ever concern reschedule the exam.
Chapter 5 takes at least 35% of the whole exam.
Good luck to all of us!
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REG - July 21, 2009 - 94
BEC - Nov. 03, 2009 - 90
FAR - Aug. 07, 2010 - 96
AUD - Nov, 23, 2010 - 87
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venugopal
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| Posted: 01 Oct 2009 at 08:51 | IP Logged
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Good morning DonVagCPA,
How is your cost accounting background? Unless you think you have mastered all the sections except cost accounting, I would suggest that you reschedule the exam if you can. If you can't or don't want to reschedule then you will have to choose between reviewing the rest of the BEC or studying cost accounting. Below are some of the topics you can focus on if you think you have mastered the 4 chapters and still have some time left
1) memorize the schedule for COGS (Spend 2 hours memorizing and solving related questions)
2) Job costing (Spend 2 hours including few related questions)
3) Process costing (2 hours including few questions)
4) Cost-Volume-Profit analysis (2 hours including few questions)
5) Standard costing and variances (3 hours including few questions)
6) Variable and absorption costing (1.5 hours including few questions)
Remember you are still missing out topics like target and joint/by product costing, make/buy decisions, transfer pricing etc unless they are covered in the other 4 chapters you have already read. What I suggested is the minimum amount of study to pass cost accounting section in my opinion. However, a lot can depend on your background and learning ability etc.
Good Luck,
Venu
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Jerry
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Joined: 22 Jul 2008
Location: United States
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| Posted: 01 Oct 2009 at 13:23 | IP Logged
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Chapter 5 is 25% of the exam and it covers the most amount of material. You are looking at two college courses.
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Topic: BEC 5 HELP!!! (Cost Accounting Section)
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