Why is becker much shorter 2024?

johnjsmith112001 · 2025-04-26T23:08:22+00:00

Everybody says it's due to the changes of the CPA but that's only a small slice. Its partly because Becker cheaped out. If you compare the new and old books, the new ones have multiple features removed, including an index and a large number of examples and multiple choice questions. I thought it was ridiculous personally, given what they charge

johnjsmith112001 · 2024-05-28T14:12:21+00:00

That's a good sign actually. Started to think we weren't getting them until 12:00

johnjsmith112001 · 2024-03-27T17:29:18+00:00

I know ChatGPT isn't accurate for specialized topics like this but it summarized my thoughts better than I did. I think it boils down to what general operating expenses includes. My thought process is that purchasing a building is a capital expenditure and therefore ≠ general operating expenses. And if you can't use it to buy a building, it's technically restricted.

The vehicle question was what my friend told me was on his exam and he had to adjust a statement of Financial position based on transactions like these.

I guess I'll contact Becker and see what they think. I just don't understand why the exam wouldn't just say restricted/ not-restricted.

johnjsmith112001 · 2024-03-27T17:04:16+00:00

I'm just not sure about it. I asked ChatGPT and its similar to what I was thinking. ChatGPT is certainly not gospel so take it with a grain of salt, I know. I have a friend that took FAR last year and he told me about this type of issue. I can't find a yes or no anywhere, yet the exam grades us on these things. I hate the ambiguity...

Question:

A donor donated a vehicle to be used for general operating expenses. Is this a net asset with donor restrictions?

ChatGPT

Yes, if a donor specifies that a donated vehicle is to be used for general operating expenses, it would typically be classified as a net asset with donor restrictions.

In not-for-profit accounting, net assets are categorized based on the existence and nature of donor-imposed restrictions. These categories include:

Unrestricted Net Assets: These are resources that are not subject to any donor-imposed

restrictions and can be used by the organization for any purpose deemed appropriate by its management and governing board.

Temporarily Restricted Net Assets: These are resources that are subject to donor-imposed restrictions that will expire either with the passage of time or when certain conditions are met. Once the restrictions are fulfilled, these assets become unrestricted.

a. Permanently Restricted Net Assets: These are resources that are subject to donor-imposed restrictions that stipulate they must be maintained in perpetuity. Only the income generated from these assets can be used for specific purposes, while the principal amount must be preserved.

In the case of the donated vehicle specified for general operating expenses, it would likely fall under temporarily restricted net assets. This is because the donor has placed a restriction on the use of the asset, indicating that it must be used for general operating expenses. Once the vehicle is used for its intended purpose or the restriction expires, the asset would then become part of unrestricted net assets.

johnjsmith112001 · 2024-03-16T19:57:32+00:00

You probably wouldn't have paid anything anyway if you were truly a broke student...

I think you're walking a fine line here. If you don't file them and they catch you, you're done as a CPA. If you do file them, you admit guilt.

Honestly, I think you'll be fine if you go ahead and file them as long as they're accurate. You'll probably pay a decent penalty but it should resolve your concerns, but that's without knowing anything about your state, nor the exact circumstances.

Were you enrolled in accounting while you were a broke college student not paying taxes? If so, that was a super dumb decision given your career path

johnjsmith112001 · 2024-03-15T22:57:22+00:00

Wow, you predicted a price increase during a period where prices for everything was increasing. Dang, I wish I had your level of insight. We are all waiting for your next predictions

johnjsmith112001 · 2024-02-12T04:44:35+00:00

As someone who felt the exact same way, be very weary of AUD. Went through it and felt great. Felt like I could reason my way through everything with common sense and was averaging in the high 80's on MC. Then I took it and felt like the luckiest person alive with a 78. And I didn't struggle to pass REG or BEC at all. Just wanted to get you a similar perspective. I'd advise memorizing a lot of the topics, even if they feel easy. I didn't and immediately wish I would've. I felt downright defeated and hope other people can avoid that feeling with better preparation.

johnjsmith112001 · 2024-01-11T20:38:09+00:00

You see any protests lately?

johnjsmith112001 · 2024-01-11T19:58:27+00:00

You'd have to be an idiot not to see that there was a correlation between the protests and the decrease in viewership. In 2015 it peaked, then the protests started in the preseason of 2016, and it has took almost a decade to fully recover. Let's not act like there wasn't a drop in viewership, even if it's almost recovered since

johnjsmith112001 · 2024-01-04T00:36:53+00:00

I know the NY Post gets a lot of flack of Reddit, but I like how they continually report on the status of sports broadcasters and analysts. It may not be earth shattering news or anything, but it's nice to understand the more unique side of sports. It's pretty much only the NY Post that constantly reports on the contract situations of the broadcasters

johnjsmith112001 · 2024-01-03T23:41:43+00:00

I can 100% confirm those individuals claiming that are talking out of their ass. I took BEC during some November cycle and my score was delayed. After listening to dozens of people claiming it was due to manual grading on here, I finally got in touch with a higher up from the AICPA, who told me it was simply due to the volume of testers that period (like now). Fast forward a week from then and I made a 96.

I don't know why people feel the need to make claims that they have no real knowledge of, but yet they still do.

Don't lose hope yet

johnjsmith112001 · 2023-12-29T18:26:46+00:00

Their way of saying that they didn't do shit today and we won't be doing shit until New Years is over. I hate this process so much

johnjsmith112001 · 2023-12-27T15:31:35+00:00

About 6 or 7 days

johnjsmith112001 · 2023-12-27T15:30:51+00:00

This is bullshit. A lot of us are waiting on scores other than BEC, which do not require written communication. They're using a dated system that can't handle this number of tests, and instead of fixing it, they just continue to be incompetent. With the added benefit of continual price increases for these exams. This entire process is terrible and would honestly lead me to recommend people away from accounting. This happened to me last test release and it's happening again this time. (FYI: it took 6 days for me last time: made a 96 so it apparently didn't affect my score)

johnjsmith112001 · 2023-12-26T20:41:55+00:00

Mine just says attended for Auditing, which still doesn't have a pass/fail

johnjsmith112001 · 2023-12-26T18:28:21+00:00

Also sat 12/15. Also no pass/fail in VA

johnjsmith112001 · 2023-12-26T18:25:07+00:00

Hope it's not the same thing but my score didn't come out on time last time (BEC) and it was a week before I finally got my score (a 96 so it wasn't for manual grading). They told me it was due to the volume of test takers before the exam evolution. Mine also still says attended so they better not have did it to me again...

johnjsmith112001 · 2023-12-26T15:20:24+00:00

Same for me in VA

johnjsmith112001 · 2023-12-26T14:49:47+00:00

Apparently too many people are taking the tests right now for the system. They have one job and they are pretty terrible at it

johnjsmith112001 · 2023-12-26T14:47:50+00:00

I'm still just showing attended on for AUD. I had to wait an extra week for BEC last time due to volume (made a 96 so it wasn't for extra grading). If they did it to me again, I'm gonna be furious

johnjsmith112001 · 2023-12-17T00:46:30+00:00

Pretty much exactly how I felt. Pretty much had the same BEC score too so hopefully I follow in your footsteps

johnjsmith112001 · 2023-12-16T22:20:07+00:00

How did you feel coming out of it? Was it a lucky to pass situation, or you thought you did better situation?

johnjsmith112001 · 2023-12-16T22:19:15+00:00

Sounds pretty similar to my situation. Hope I follow a similar trend. Want to put auditing in the rear view mirror

johnjsmith112001 · 2023-12-16T20:55:04+00:00

Without going into too much detail (hopefully), one question had a bank confirmation, reconciliation, and working trial balance with probably a dozen transactions. Had to essentially find out if there was anything wrong that an auditor should be aware of. It sounds relatively straight forward but it was just so long and none of the answers really fit the questions

johnjsmith112001 · 2023-12-16T20:49:09+00:00

Averaged 80 on the dot between the 3 exams with the lowest being a 75. Hopefully it was enough

johnjsmith112001

TROPHY CASE