CPA Study Group

I am getting confused!! which one is correct answer? A? or D?

Hello, I am not able to see simulations while practicing papers in Audit. There may be technical error. Please do needful. Thanks,

50% + 50% = 100% (greater than 80%) So together they are are in Total control of the corporation

Hello Rain and group: I am very happy to let you know I passed BEC with a score of 89 and I credit this site for my success. I really do not think I would have passed without it. Thank you for providing this resource at an affordable price! The simulations and sample exams are an additional great resource. Again, the difficulty level of your questions are right on target. I recommend to everyone to work all the questions at random, review your study guide for the ones you have missed, do the simulations and the sample exams. Once I had gone through all the questions here and in my study guide, I focused on the areas I had the most problems with and kept going over those questions and reviewed the answers until I understood. I also found your tips and sample answers for the writing portion and very helpful. Good luck everyone for your own endeavors and thank you all for your support and kind words. Gabriele

Wooohooo. Man, oh man, I am certainly glad to be here. My name is Rob, the new CPA Review for Free CPA EXAM Instructor! Here is what I know: I know that for each of you coming onto this forum, you're seeking help! I get it!!! The stress, the lack of time, the planning, the sacrifice. All of you who are feeling that stress...I GET IT! This stuff is hard! Let me show you (just like the many others) how I can help you! But first, let me do an introduction.... Here is what I am: one word - "accountant." I am an accountant. No other way around it. From my early childhood ambitions of being 'a business person' (whatever that meant), to my college education, my career ambitions, and my actual career accomplishments, I am an accountant. I think like one, act like one, talk, work, and even eat like one!! haha. I dig this stuff. Now many do, but I do. Why? Who knows. But, I do. Here is my 30- second elevator speech (just so we get it out of the way): My career has taken me through the big4 as an auditor (KPMG), working on major Fortune 100 clients, such as Mercedes-Benz, Pfizer, Panasonic, and many others. I spent 7 years at KPMG. That is where I really started to dig this stuff (I couldn't believe it myself, either). After that, my career took me across the world performing internal audits for Merck & Co. During that time, I began tutoring CPA exam students. I loved educating peers and co-workers on the proper accounting treatment of the effective portion of cash flow foreign exchange forwards (I know you know that portion sits in AOCI and does NOT go to the P&L, right?). Sooo, I started tutoring some students on my off-time. And today, I manage a large book of small to medium-sized business clients, while also continuing to operate my CPA EXAM TUTORING PRACTICE! The name is Quest CPA Review (check it on Instagram!) Here is what I do: Like I mentioned just before, I currently have two jobs. By day, I am a a tax accountant and auditor. And by night (and weekend), I help students cross the CPA EXAM FINISH LINE!!! Here is what I know: I know that you are stressed (even maybe just a little?). You have 1 to 4 more exams to go. To pass these exams, you have these big massive books (with mostly single spaced typing). They also come with videos of some very experienced accounting professional trying to explain this stuff. The bundle also comes with some questions to practice with, and some simulations, and maybe even a practice exam or two. And with all this material you have, even seeing most of it in school, you for some reason don't understand it all!!! Well, your not alone. This exam is not testing your smarts, wits, or personality. It is testing your ability to study 'the right way.' How can I help you: By helping you study 'the right wayyyy.' The quick answer is - I tutor students one-on-one. If you are interested in setting up an initial session, please let me know by going to my profile or responding below. What to do next: Introduce yourself to me and everyone else in here. If you're not sure what to talk about, how about this - name? school? live? work? if so, doing what? for how long? any exams passed? what are your career goals? It's OK to say "I DON'T KNOW!" why are you going for the cpa exam? It's OK to say "I DON'T KNOW!" what are your biggest worries and stresses in passing the exam? Let's get the convo going. Like I opened up with, I am so glad to be here. WOOOHOOOO!!!!

Dear All, I am new here and want to be CPA. I need your guidance to know where to start. Kindly advise the steps to be taken for registration and further process. Thanks & Regards

Can anyone please explain me why not the answer is 7 years? I'm getting confused on 5 yrs vs 7 yrs.

This question is worded incorrectly?

Why does it say its a financing lease by both parties but in the explanation it says the the lessor is a sells type lease?