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#Roger bec cpa study material professional#

This policy may include tax cuts, increased government spending, or both.

To answer questions on the economic portion of the BEC test, you need to understand how certain entities impact economic activity.įor example, the federal government uses fiscal policy to impact the economy. You’ll definitely see questions on this important economic topic, so get informed! 2. At the end of this phase, the economy may start to “overheat”, which means that growth and inflation are both growing at a relatively fast rate.

Expansion : GDP grows during the expansion phase.

Trough : The economy “hits bottom” in this phase, then the economy moves into an expansion phase.

Toward the end of this phase, unemployment will start to increase because fewer jobs are needed. Typically, GDP growth may slow to a growth rate of zero or even negative growth.

Contraction : The economy is shrinking in this phase.

Peak : After a period of economic expansion, the economy reaches a peak of economic activity and then transitions into a contraction.

While the length of time of each cycle can vary, the phases do occur in a predictable order: Additionally, you must know the phases in the correct order.

Your BEC test will ask you to identify each of the four phases of the cycle. Essentially, the cycle is determined using gross domestic product (GDP), which measures total US economic output.

#Roger bec cpa study material professional#

As a financial management professional or business owner, you need to understand the phases of the business cycle and how they impact the economy. The business cycle is one economic topic that is on every BEC test. Consequently, these concepts can be challenging, if you haven’t taken an economic course recently or have limited experience with financial statements. The BEC test includes questions on economic topics. Use these tips to successfully answer questions on these topics: 1. Here are four topics that you’ll see on every BEC test. Essentially, your approach should include an outline and a clear thought pattern that the reader can follow. To succeed on the BEC written communication tasks, use general best practices for writing any informative piece. Your response should provide the correct information in writing that is clear, complete and professional.” The instructions state what form the document should take (such as a memo or letter) and its focus. For each of three written communication tasks, you must read a scenario and then write an appropriate document relating to the scenario. The AICPA also points out that “Written communication tasks appear only in the BEC section of the CPA Exam. While the BEC test does not include research-oriented questions, it does include written communication tasks. You will receive at least one research question (research-oriented TBS) in the AUD, FAR and REG sections.” These testlets feature multiple-choice questions (MCQs) and task-based simulations (TBSs). Essentially, candidates have four hours to take each CPA exam section, including BEC.Īs the AICPA explains: “ Each of the four Exam sections is broken down into five smaller sections called testlets. General accounting, audit, and tax related questions may find more help is in the /r/Accounting subreddit.The CPA Exam includes four tests. Also, posts soliciting pirated study material will result in a ban. Posts trying to sell study material will be removed. This is not a study material marketplace.

The AICPA has a published breakdown of topics by section and percentages of each exam. What do I do / What should I study!īefore you post, let me search that for you (sort=Recent):ĭo not disclose exam content and do no ask “What was on your exam?”, if you do your post will be removed and you may be permanently removed from this subreddit. Help! I have _ exam coming up in "short time frame". Passed 4/4 on First Try - Some insights I'd like to share - by u/informal detail WikipediaĬPA - We have either been through it, or are currently going through the study and CPA licensing process.ĪUD, REG, BEC Study Guides - SUPER HELPFUL Certified Public Accountant or CPA is the title of qualified accountants in numerous countries in the English-speaking world.