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One question many CPA candidates tend to ask concerns what order to take the exams. The old adage was B.A.R.F. and not just because it makes a fun acronym. The idea was that a candidate would start with the “easiest” test first and work their way up. The general belief was that BEC was the easiest then AUD, REG and FAR. The…Continue
Added by Paul Black on May 25, 2017 at 10:30am — No Comments
Price elasticity of demand is a concept that is tested on the Business Environment and Concepts (BEC) exam and it's one that can be rather tricky. The price elasticity of demand is the measure of how sensitive demand is to a change in price. Like many of the concepts on the BEC CPA exam, it is important to know the formula and how to interpret the results. Let's go ahead and look at the two formulas that you may use to calculate price elasticity of demand. …Continue
Added by Paul Black on June 5, 2012 at 10:30am — No Comments
Remember Pavlov’s dog? Ivan Pavlov, a Russian physiologist who studied classical conditioning, trained a dog to salivate when hearing the sound of a bell. This response came after repeatedly giving the dog food immediately after ringing a bell.
The point I’d like to make today is that we often operate the same way. Certain activities elicit certain responses if we train ourselves…Continue
Added by Paul Black on May 22, 2012 at 4:00am — No Comments