2011

REG score rapport

by gaap toothed on December 23, 2011 · 0 comments

in Uncategorized

I’ve been busy adjusting to the office life and prepping for my first busy season. I haven’t had time to reflect and think about stuff and I’m not sure of what direction I want to take this blog now that I’m done with the exam. I probably won’t be updating much, but I’ll still be around. Feel free to hit me up on Twitter if you need anything.

Oh yeah, btw, I’m done with the CPA exam. Alls I gotta do is get some +1000 work experience hrs and pass an ethics exam, and I’ll be official.

Kinda funny… REG score = my highest score. And I still don’t know shit about taxes. Just take a look at my score report below (notice ‘Comparable’ on Individual & Entity Taxation topics while ‘Stronger’ on Ethics/Blaw topics):

 

What kind of information is in this report? The performance report displayed below shows your performance in each of the Content Areas of the Examination and your Overall Performance by item type. Your performance in each content area is based on the multiple choice items only. The percentages represent the relative weights of content in this section. The information below is based on your performance as compared to just-passing candidates (i.e. candidates with a total score between 75 and 80).

How should I interpret my performance?
  • You should use caution in interpreting your content area performance.
  • Your performance by content area and item type is much less reliable than your total test score because each performance measurement is based on a smaller number of questions.
  • You should study all content areas when retaking the test. If you study only the areas where you are weak, you might do better on those areas, but worse on others when you re-test.
  • As you review your performance, keep in mind that there is some imprecision in all assessments, especially when results are based on a smaller number of test questions. Your examination performance could differ from one day to the next, depending on a variety of factors.

Regulation    Score:  82    
Your Performance Compared to Passing Candidates *
by Content Area
Content Area
(% of multiple choice questions)
Weaker Comparable Stronger
  Ethics & Legal Responsibilities (15-19%)  * 
  Business Law (17-21%)  * 
  Federal Tax Process (11-15%)  * 
  Taxation on Property Transactions(12-16%  * 
  Taxation on Individuals (13-19%)  * 
  Taxation on Entities (18-24%)  * 
by Item Type
Overall Performance Weaker Comparable Stronger
  Multiple Choice (60%)  * 
  Simulations (40%)  * 
The comparable column is based on those candidates who scored between 75-80 on the examination section as a whole. For more information regarding how this comparison was calculated or for more information on how the examination is scored, please see the CPA Examination website at www.aicpa.org/cpa-exam.

{ 0 comments }

Links to PDF docs referenced in the AICPA Content Specification Outline for REG.

 

Ethics, Professional and Legal Responsibilities, and Business Law:

AICPA Statements on Standards for Tax Services (SSTS) - minus the cover page/table of contents/intro it’s about 20 pages, def worth skimming. I really liked the layout and green font color for headlines.

Uniform Commercial Code (UCC) - enjoyed the glossary of terms and intro in Article 1 – General Provisions

 

Federal Taxation:

Treasury Department Circular 230 - about 40 pages of boring

Public Law 86-272 - 11 pages worth skimming

Uniform Division of Income for Tax Purposes Act (UDITPA) - 14 pages of bleh

 

BTW, I take REG on Monday, Nov 7th. Here’s to hoping I knock it out on the first try…. !!1

{ 1 comment }

I quickly finished the multiple choice questions in under 2 hours, due to my no-looksies-backsies rule for AUD. Since I never second guessed my gut reaction, I had more than enough time on the Simulations. I used the extra time on the Simulations to double-check my answers and corroborate them with the authoritative literature. I left the Prometric center feeling meh about the multiple choice testlets and aces about the Simulations.

It appears that reality must not be in tune with my feelings. According to my AUD Performance Report, I did Stronger on the multiple choice and Weaker on the Simulations compared to other passing candidates.


Auditing & Attestation    Score:  80    
Your Performance Compared to Passing Candidates *
by Content Area
Content Area
(% of multiple choice questions)
Weaker Comparable Stronger
  Understanding the Engagement (12-16%)  * 
  Understanding the Entity (16-20%)  * 
  Procedures and Evidence (16-20%)  * 
  Evaluation and Reporting (16-20%)  * 
  Accounting and Review Services (12-16%)  * 
  Professional Responsibilities (16-20%)  * 
by Item Type
Overall Performance Weaker Comparable Stronger
  Multiple Choice (60%)  * 
  Simulations (40%)  * 
The comparable column is based on those candidates who scored between 75-80 on the examination section as a whole. For more information regarding how this comparison was calculated or for more information on how the examination is scored, please see the CPA Examination website at www.aicpa.org/cpa-exam.

 

Now forreals, AUD was a pain in the butt. On my failing attempts, I studied with my brain set to off and tried to brute force memorize extremely abstract auditing concepts. I finally passed AUD because of Roger CPA Review. Roger’s AUD lectures provided meaningful context to the abstract documents/transaction-cycles I had previously attempted to memorize. After finishing the Roger CPA exam review course lectures, the auditing concepts no longer felt abstract. I no longer had to brute force memorize for audit because everything just started to make sense. I had finally connected the dots.

In short, Rahj teaches audit in 2 languages: (1) audit-speak, the bland context blurring language used in the exam, and (2) real talk, the everyday language that avoids wordiness and pretense, thereby keeping simple shit simple, real, and on the level. Hearing the audit-speak helps you familiarize yourself with the specifically discriminate wordy-wordiness that the exam intentionally wordily-wordifies so nothing ever makes no sense, never, unfalse, which for yet the least of is not best answer is not true for the father precedes the son, but the egg. Roger’s use of real talk to explain the bullshit that is audit-speak is what brings you back to reality, keeping your sanity in check.

So thanks, Rahj. Thank you for understanding that I grew up in a world of paperless/computerized transactions. Thank you for understanding that I lack audit work experience. Thank you for successfully teaching me auditing.

 

If you’d like to overanalyze my AUD score history, feel free to compare my previous AUD Performance Reports from when I took AUD pre-2011 exam changes, under the old CSO.

{ 6 comments }

Summer’s Sailin’ Away

by gaap toothed August 23, 2011 CPA Review Programs

Dude, I can’t believe summer is almost over. Summer 2011, hands down, has been my most eventful and memorable summer. I hung out with best friends, reconnected with old friends, and made new friends. I focused on family, friends, and fun since this officially my last free summer before I enter the real world. Three things [...]

0 comments Read the full article →

3 Reasons Why I Needed 3 Attempts To Pass AUD

by gaap toothed August 14, 2011 AUD

1) I got lazy Explanation: After passing FAR and BEC in the same window, I got cocky. I let myself relax, since I already had what it takes to pass this exam. Why this failed: I kept putting off my exam dates to the next window and lost that sense of urgency to finish the CPA [...]

0 comments Read the full article →

What To Achieve After The CPA Exam

by gaap toothed July 29, 2011 CPA Exam

Since I’m almost done with the CPA exam, I got to thinking about what will I do with myself once I’m done with the CPA exam. What is there beyond the CPA exam? Is the CPA exam the highest level of achievement for accountants? What do accountants do with themselves after passing the CPA? Here’s [...]

3 comments Read the full article →

How To Pass AUD In Less Than 4 Attempts

by gaap toothed July 29, 2011 AUD

August 2010, Attempt #1: On the first attempt, make the mistake of using Yaeger to study. Use the Yaeger AUD lectures as a sleeping aid. Study for about a month, but fail to really absorb the information. Feel unprepared the day before the exam and reschedule for end of August. Practice more Multiple Choice Questions and become [...]

0 comments Read the full article →