Friday, February 22, 2008

REG Components

 

In the REG section of the CPA Exam, multiple choice questions account for 70% of the overall score. Questions appear in 3 sets or testlets that adapt to your current skill level, meaning that the first set of questions are a medium difficulty level and if you perform well the next set of questions will get harder (and are worth more points) or if you perform poorly the next set of questions will get easier (and are worth fewer points).

The remaining 30% of the score comes from completing simulations, which are miniature case studies that require practical application of skills such as research, written communication, and spreadsheet design.

posted by CPA Exam Help at 7:41 AM | 1 Comments

1 Comments:

• Regulation is the most difficult exam if you have an auditor type personality and if you hate taxation. Additionally, the time constraints in regulation are even tighter than in financial. I do not expect that I will have time to go to the bath room during the exam on regulation. However, I do love the subject of taxation.

  By  Anonymous, At September 6, 2008 9:25 AM  

  
  

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REG Time Limits

 

The time allocated for completing the Regulation (REG) section of the CPA Exam is 3 hours.

posted by CPA Exam Help at 7:35 AM | 1 Comments

1 Comments:

• I found the time to be sufficient assuming you don't have to go looking through the code to learn how to do the simulation.

  By  1more2go, At March 4, 2008 10:12 AM  

  
  

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Tuesday, February 19, 2008

CPA Exam: Regulation

 

"The Regulation section tests candidates' knowledge of federal taxation, ethics, professional and legal responsibilities, business law and the skills needed to apply that knowledge.

Ethics, Professional and Legal Responsibilities, and Business Law:

This portion covers knowledge of a CPA's professional and legal responsibilities and the legal implications of business transactions, particularly as they relate to accounting and auditing, and the skills needed to apply that knowledge. This section deals with federal and widely adopted uniform state laws. If there is no federal or uniform state law on a topic, the questions are intended to test knowledge of the law of the majority of jurisdictions. Professional ethics questions are based on the AICPA Code of Professional Conduct because it is national in its application.

Federal Taxation:

This portion tests knowledge of principles and procedures for federal income, estate, and gift taxation and their application in practice. To demonstrate such knowledge, candidates will be required to:

- Analyze information and identify data relevant for tax purposes

- Identify issues, elections, and alternative tax treatments

- Research issues and alternative tax treatments

- Formulate conclusions"

(Uniform CPA Examination: Examination of Contents, 2002, p. 3)

Feel free to leave comments about your experience with this section of the CPA Exam, but please be aware that all comments are monitored to comply with the ethical reguations regarding open discussion of the CPA Exam content.

posted by CPA Exam Help at 9:09 AM | 7 Comments

7 Comments:

• My exam on Regulation is seven weeks away. However, I am pushing to just finish going over all of the material. I have a 4.0 GPA in both undergraduate and graduate school, but that does not mean anything. These CPA exams are by far the most difficult exams that I have ever taken. Additionally, the tight time constraints on the Regulation exam has nothing to do with one’s knowledge of the subject. It is just another device to eliminate CPA candidates.
  
  The sole purpose of the CPA exams is to keep us from being CPAs. We are all weeds that the AICPA would like to pull (rent seeking behavior). We are not being tested on how smart we are. We are being tested on our perseverance. I am scheduling one exam every four months, ready or not, pass or fail. I will keep doing that until I pass all four parts in the 18 month window!

  By  Anonymous, At November 11, 2008 4:19 AM  

  
  

• I am now scheduling a CPA exam every four months, ready or not, pass or fail. I am also trying to cobble together a study process using the best practices of CPA candidates and the strengths of each of the CPA review programs.
  
  Most CPA candidates use Becker for FARE and REG. Is Becker enough? I do not think so! Becker does not have the breath and depth that I need. Only Yaeger has the depth of instruction that I need. I find it ironic that Becker, in my opinion, has the most professional lectures and the best books. However, they do not have the best CPA review program! Of the four review programs that I have bought, Yaeger is the best for helping me pass these exams.
  
  I am now studying Regulation for my January exam. I am using Yager and I am making many notes on my second monitor. However, I am not a big fan of the Wiley book that Yaeger uses. Therefore, I am using information from Becker and the Bisk Hot Spots to fill in my notes.

  By  Anonymous, At November 25, 2008 10:58 PM  

  
  

• If you want to waste abunch of time do like the guy above. But be prepared to waste 70% of your time studying things that will not be on the test.
  
  If your into pain go that route; if you want to pass buy a quality review program and focus on the main points; that's it. I use epaexcel and passed all parts attempted first try 40 day reviews some a little less; the only part I am taking long is FAR. All you need is a 75.

  By  Anonymous, At January 12, 2009 10:40 AM  

  
  

• My exam on Regulation is in April.
  i have taken Becker books.Can some one suggest on taking the last minute revision.

  By  Anonymous, At March 20, 2009 5:10 PM  

  
  

• I prefer the Becker books, but I think the Gleim and Wiley questions are more intense and will better prepare you.

  By  Anonymous, At December 14, 2009 4:42 PM  

  
  

• I prepared for the REG exam with Becker and did just what the course said, lectures, HW, weekly questions, Simulations and Final Review again and again. I felt I was as prepared as I could be, even if I did not grasp 100% of the material - I had done the preparation. I passed on my first attempt and the pass rate for 4th qtr 09 was about 46%, so more than 1/2 the people who took the exam failed. I guess by doing what Becker Review outlined prepared me more than I realized! I recommend Becker to anyone considering a review course. It is more expensive, but if you are going to invest as much of your precious time, effort and energy into preparation - their format was a great outline to breakdown the material and continuously review in different formats.

  By  Anonymous, At January 17, 2010 12:32 PM  

  
  

• I don't think Becker is any more effective than other review course. The most advantageous feature of Becker is the lecture. For other review course, such as Gleim, if you finish the note, preliminary questions, and then go thru exercise 2 or 3 times, you'll be able to pass as well.

  By  Anonymous, At January 23, 2010 9:44 PM  

  
  

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