 Good evening. Hello, Israel. How are you? We have nine people already joined. How's everyone doing? How's could you guys hear me? I just want to make sure you guys can hear me. Let me check the Facebook feed LinkedIn Hi, Juan. Hi, Juan. How are you? Can you guys hear me? Excellent. Excellent. Hi, Nick. How are you? How's everyone doing? Hi, Karen. Pray. Hi, Javier. Excellent. Excellent. Not sure how to unmute. Yes, I'm doing well. I'm doing well. Today was a score release. So I'm just checking to see if anyone got the results and just checking to see how everyone's doing, preparing for the BEC section. We're almost there. Another month, approximately, month and one week and the old CPA exam will be gone and we'll start the new round. This is, I think, 2024. So how's everyone doing? How's the preparation coming along? Anyone preparing for the exam? If so, how well it's going? Somebody just passed the exam and they're thanking me on LinkedIn. That's great. I just subscribed to Farhad Lectures to prepare for my retake. I have backer, but I feel backer only prepared me to think linearly. But your supplemental help understand thing outside the box, which is what I needed for my first site. So let's see on my second ride. Yes, the difference between what I do and what backer offers are, I'm going to put it in my own terms. I am going to teach you. In other words, teach you the concept. Reviewing it is what backer does. They assume you know it and they're reviewing it. I don't assume you know it. I assume that you don't know, as a matter of fact, and I teach you the material so backer can easily review it with you. So the strategy when you have my supplemental is to first look at my material, review the lectures, complete the MCQs. Then at this point you understand the material, then you jump to backer and review it with backer. And what you will do in your situation, since this is a second try, try to prioritize, try to see what are the topics that you are struggling with the most on the first try, focus on those. I don't mean to ignore the other parts that you did well, because you really want to keep that up, but focus on the material that you were struggling with in order to improve your performance. And I hope this is a good tip for you. When are you taking it? Is it the toward mid-December? Open for a topic of M-plus capital planning and N2 capital forecasting. Ashley, what is that for? Oh, pretty soon. So you're looking at approximately two weeks, 23 days, I guess, 22 days? No, less than that. Not even less than that. We're looking at 18 days around two weeks, a little bit between two weeks and three weeks. That's, yeah, that's, that's, you have, you know, just keep up the good work, focus on what you need to focus on. That's for sure. Let's see if there's any comments on Facebook. No comments on Facebook. Just check YouTube, making sure I'm keeping up. And just in case I'm missing any comments. I'm here to, you know, open discussion if you have any, if you're looking for some guidance, support, stuck on something, you know, maybe give you a tip on how to approach it, offer my supplemental resources to help you pass the exam, or if you're taking a CPA review course, add to your CPA review course, add to your CPA review course. I thought I was ready. I should have done better, but unfortunately not, not too worried. Just need to push harder next time. The key is to, if you understand what went wrong on the first attempt, that's a good, that's a good starting point. In order to improve, you have to know where you went, where, where the shortfall fell. So if you know, for example, you needed to improve your financial valuation or written communication or ERM or IT or econ, if you know what to focus on, then the second try should be better because you already took the actual exam. So you know what needs to be done in order to succeed. Currently, I'm in the last year of bachelor's degree and completing my prerequisite for CPA. Where can I find more info on to enroll for the CPA? I'm assuming you said, I meant to say CPA prep. And I'm assuming since you mentioned CPA prep, I'm assuming you are calling from Canada. Let me check your profile. I'm assuming, give me one moment, please. Because when you mentioned the prep part, let me just give me one second here. York University. Yes, Toronto, Canada. Karen Preet, I would love to help you, but many Canadian students, they contact me studying for the CPA exam. As of today, I don't have a devoted CPA exam for the Canadian students, for the Canadian candidate. However, here's what I can tell you. My material helps tremendously. So I do have many topics overlap between the US CPA and the Canadian CPA. But I don't have, I don't have a course devoted for the Canadian CPA prep, the Canadian CPA prep. Lily's asking me, can you explain the difference between EVA and residual income? Well, what I can do, what I can do, Lily, is I can send you the link because I'm not going to spend 10 minutes or 15 minutes explaining them, but I can send you my links about this and you can view them. Are you taking a managerial accounting course or are you taking a, let me get the address and this is, oh yes, let me share them on LinkedIn because here they may not appear here. Let me, sorry, I got to share them on LinkedIn one moment. Let me redo this again. This is residual income because I shared them in the wrong, here we go. Here's the residual income and I'm going to send you the EVA. And all we have to do really next time, oh, BEC, what are you using Lily? What are you using? Which CPA review course? And here's EVA and I'm going to share the EVA now on LinkedIn so you can see it. Now you can see it. So you're studying for BEC and obviously if you're studying for BEC, you're struggling with these topics, but Becker, okay. So here's what I'm going to do. Here's what I'm going to ask you to do. Here's what I'm going to ask you to do. So I'm going to go ahead and share my screen and show you one second here, share screen and here's what you should do in my opinion, Lily. So rather than looking for topics here and there, if you go to my website, farhatlectures.com and you go under all courses and under BEC Becker, I have a supplemental course for BEC Becker and that course is organized just like Becker. So the topics that you inquired about, the topics that you inquired about, I do have all of them. I'm not sure. I believe it's B3 if I'm not, actually, which one in Becker, which section in Becker? Do you know the number for the topics that you just asked me? So I can show you how to get to more information. All right here, residual income, B3M5. You see my material here, B3M5. You have lectures. You have multiple choice. Everything is organized like Becker. So since you are having difficulty with Becker, if you go to my course, watch the lectures, take the multiple choice. I believe EVA and EVA is B3M5 unless you, yes, yes, B3M5 because my course is aligned with Becker. So let me just increase my screen a little. So notice how it is aligned with Becker. So I'm going to send you the link. Here's the link for the course. And what I suggest is you can have a free trial for two days. So I suggest you take advantage of the free trial. If that's all what you need, take advantage of the free trial. And if you think it's helpful for you, I would keep it. It's very helpful for many students. Matter of fact, as I was just mentioning, let me celebrate one of the students that just passed. And let me see. And they posted on, let me just go to my, let me go right here. So if you notice here, those are the students and he just passed BEC. So a big thank you for the supplemental course. And here's the BEC. So I suggest you give my material a shot. Of course, again, you have two day free trials. Start with EVA and ROI and see how it goes. If you feel I'm teaching you the material, I have enough resources, you would assume that it will work for other material as well. Absolutely. Thank you, Lily. Any other questions, comments, anything? This is the website. Any questions, comments, anything that I can guide, assist? Just like Lily, she's asking for a particular topic. So hopefully my resources will help resolve her issues. And I'm pretty sure, Lily, if you're having problem with these topics, you're having problem with other topics as well. Don't worry. I will help you with that. I will, you know, my lectures, my resources, I have true, false. I have multiple choice. I have exercises in addition to the lectures. It's not only going to teach you, it's going to ask you to practice and test your knowledge. Hafeer, it's $30 a month, $29.99 a month. Again, the good thing is you can try for two days. And if you like it, you keep it. If not, how can I ask a specific question when I have Fahad lecture subscribe? Yes. Easy. Very easy. So when you have Fahad lectures and let's assume you are working with Bekur, is there a per part? No, it's one payment, one payment and you have access to all the parts. So if you have questions about a topic, for example, capital structure. So if you're viewing the topic capital structure and you have a question about this particular topic, what you will do is you'll go down here and you will post your question. And if it's about the lecture, all what I ask you to do is to make sure to mention the minutes because I need to know which minutes. So if you ask a general question and I don't know which minute you are referencing to, it will be hard for me to follow. So make sure you mention the minute and you publish and either I or someone from the team will review and respond to your, respond to your inquiry. Could you please tell me how audit is different than next year? Actually, it's the easiest question, not that much different, almost the same amount, almost the same. And what I do, I get this question all the time about about what's happening to the exam. And what I did, I created five YouTube, I'm gonna post them here and I post them on LinkedIn as well. I created five YouTube videos explaining all the changes, including, you know, that what's happening to audit, bar, far, all these sections and you can you can, you can view, but again, the minimum audit is changing the least amount, the least amount, because by its nature, audit don't change that much. The same, we use the same rules and we're adding some data analytics, some technology, but overall, it doesn't change that much. But you can look at it, you can look at the playlist and look at the audit, please like the play, like the videos. Not sure if you saw my comment, I did not, but do you have any advice on getting internship in the last year of my bachelor's degree? Well, to get an internship, first, you have to ask yourself, does my school offer internship? Because the ease, this is how companies recruit, I'm assuming you're an accounting student. How do students get an internship through their college program? So if you, I don't know what college you are attending, if you tell me, it will be easier for me to, let's assume you are attending, I don't know, New York University. So what happens is CPA firms, they will go to New York University and they would recruit students, usually not their last year, maybe freshman and junior, they will try to recruit them for the internship. So I'm not sure what school are you attending, but this is the best way to get an internship. Is there any other ways to get an internship? Yes, but I am not, I'm not familiar with those. I'm not familiar with that. It would be great if you have some life that help and how is better research for job and make a resume and what type of job company should go. That will be, that will not be my specialty. I would love to do that, but that's not what I'm good at. That's, that's not my specialty. Consider a lot of us are not, are students, are not students that we can get in turn. It's not, it's not my special, it's not, it's, you want to do something you want to be good at, I can teach you to prepare for the CPA exam, not look for a job. I don't have the resources, best to connect with the recruiters, but I am not the right person for that. You're most welcome. You're most welcome. What would you say is the best way to understand the different type of test of assertions and audit? You have to understand them, Kevin. You have to understand assertions. Are you learning this for the course, for your final, for your auditing and attestation course in college? Or are you learning this for the CPA exam? That's my first question to you. And if the CPA exam or if it's a course, if at the CPA exam, please tell me which CPA, which CPA review course are you taking? And if it's a college course, you know, tell me which textbook you are using that will be helpful to guide you a little bit further on this. I will wait for your answers. Let me see if there's any comments on Facebook. No comments on Facebook. Good. I will wait. CPA understand the assertion itself, but MCQs has many similar options. I use backer. Well, they should not have similar options, Kevin. I'll tell you why. Because it's the hardest thing for the exam writer. Let me just go back to my website for a second. The hardest thing for the exam writer is to write wrong questions. Why? Because, and if you write wrong questions and the person know the concept, it's easy to pick up the topics. It's easy to pick up the topics to know the correct answer. So what I would suggest always, I'm going to suggest, as you go to my audit backer course, and if that's all what you're struggling with, that's fine. Get a free trial for two days. Take a look at my audit assertion lesson and see if it's helpful. If it's helpful, if it helped clarify what need be, then guess what? That's what you need. You will need my supplemental course and it will help you with other courses. So I'm going to post the audit backer course in the, let me do it in LinkedIn as well, in the chat. Again, you can start a free trial. No obligations and see how it goes. And the assertion lesson are the same place as in, as in backer, as in backer. I'm in New York. I go Berkeley College in Midtown. Well, what I would suggest you do is you, is you contact your career service at Berkeley College and see and see if they have internship because this is how you get an internship. You get an internship through your college career. And that's why I always recommend for students who are looking to join a new college, especially studying accounting is I asked them, does the Big Four or CPA firms recruit students at your college? If the answer is yes, that's really great. Then you should go for it because they're going to help you get an internship, get a job. But I don't know much about Berkeley College in Midtown, but the best way is to contact the career service. And what you can do too, maybe they can connect you with the alumni at that college, Berkeley College, and through them, maybe you can land an internship because as a senior, it's too late. As a senior, you are ready to get a full-time job. If it asks which assertion completeness exists already, I'm about to pinpoint it. But when it asks me what type of test is done for completeness, I get confused. I will show you a sign up. Yes, sign up. Hopefully it will does the clarification. Do you recommend going for the CPA straight out of college? Should you wait a year or two? CPA right out of college. Actually, even during your senior year, it should be start to think about taking a section, for example, start to think about taking part. The answer is simple in a sense that think about this. If I'm going to teach you something, would you rather I give you a test about it in a week from now, a month from now, a year from now, or two years from now? And your answer should be give me the test a week from now because I still remember the material. That's why you should take the CPA exam right after college. Actually, you should start to study as you are in college. When you are taking your college courses, it's the same thing as the CPA material. So you should prepare during college so you can take the exam as soon as possible, as soon as possible. So straight out of college, even before you finish college, you should schedule a session, for example, far and take far as soon as possible. I hope I answered your question, but the answer is as soon as possible, as soon as possible. Any other questions, comments, I'm going to give it maybe three to five more minutes, then I'm going to call it. There's no other inquiries or questions. Also going to share the main website one more time. You can, whatever you are studying for CPA exam, especially the CPA exam, what I have is I have, for example, if you're studying for audit, I have an audit for all these courses, BEC, BEC for all these courses, FAR, RAG. And if you're taking a college course, I have certain college courses that are supplemental. Once again, you can give it a shot. You can get a free trial, take a look at it, see if you like it. If so, that's great. You would keep it. Let me go to the main page. Question, do you advise to start to study with your supplemental course, then purchase others like Becker? If you are not ready, if you need some refresher material, yes, start with mine, but I always suggest mine plus the CPA review course that you could start depending on, are you going to be sitting in the exam? Are you studying just to kind of as a refresher? If you need a refresher like a month, like some students, what they would do, and what I do on my courses, let me show you what I would do to my courses. If you're taking FAR, let's assume you're taking the FAR exam. What I do at the beginning, I have a module that helps you review all your accounting basics. So if you feel like I'm not ready, I've been out of school for a period of time, let me wet my feet first. I don't want to jump into the CPA exam. So what I have is, for example, here, basic review of accounting concept. I have maybe seven to 10 hours of lectures, multiple choice questions that's going to get you ready. Get you ready. It's, I call it the bootcamp. It's called FAR basic review, basic review of accounting concept. So if you are not ready and you're not sure, you want to take my course for a month to kind of get back on your feet, gain that confidence, say, yeah, I can do this. I'm familiar with the concept. But if you're studying, you would study side by side. So what does that mean? It means once you start the course, F1 module one, you would study F1 module one with FARHAT, which is here's my lessons for F1 module one, then you jump to backer immediately F1 module one. So it's side by side. But if you need some preparation, reviews, refresher, yes, I would give it a month or two to get myself more comfortable with this. Norma, thank you very much. All that I ask you in return to please share with others, with other students, with other people who are studying for accounting courses or the CPA exam, which discipline exam you would recommend is the sequence seems reasonable FAR, BAR, audit and tax. Yes, I was planning to put a short about which discipline to take first or which discipline to take. There is no first you have to take the discipline one of the three, and I did not have time this weekend. I will try to do it as soon as possible. But to make the story short, what I would suggest you do is this. I'm going to type them in the comment. You want to take FAR first, audit and reg. So first you take the core, FAR audit, FAR audit and reg. Let me put them in the link then. So my suggestion is FAR audit and reg. Why? Why do I recommend this? FAR is the basic accounting. It's going to help you with your basic accounting. In other words, you cannot take the audit. You cannot audit a company if you don't know GAAP. So what do you need to do first? You need to learn FAR. So that's why you would learn FAR. You would learn about the depreciation method, the inventory method, the warranties, the bed that expense, because you might see a question about those topics on the audit exam. And you don't know how to do an audit unless you know the accounting. You're auditing GAAP. So you need to be familiar with GAAP. That's why first FAR, then GAAP. And once you have a good knowledge in accounting and audit, tax should be easier because tax is an extension. And if you think about it from a college perspective, you cannot take an audit course unless you took your accounting, intermediate accounting and financial accounting. Therefore, accounting first, audit, then tax. Now, about the discipline, which discipline? We have three disciplines. And there are more than one strategy for the disciplines. Okay? So for example, if you already passed, if you already successfully passed RAG, so if you pass the current RAG, if you're done with the current RAG, if you passed RAG in 2023, then you should take TCP because if you passed RAG, TCP is an extension of RAG. Or basically, you already are 60 to 70, 60 to 70% prepared to take the TCP if you already took RAG. If you are studying for BEC now and you are not successful, I would recommend for someone to take BAR because 50% on what's on TCP will be on BAR, especially if you already took FAR. So if you already took FAR and studying for BEC, definitely take BAR because BAR is 50% BEC and few topics from FAR. So if you studied FAR and done with FAR, you're already done with 50% and studying for BEC will complete the other 50%. So if you passed FAR and studying for BEC now, okay, then you will take, you should take, you should take the BAR, the BAR section of the exam, if you passed FAR and studying for BEC. Okay? That's what you should do. Passed FAR and studying for BEC, you will take, you will go with BAR. Now, let's assume you are starting from zero. You're starting in 2024. Which discipline you should choose? Well, I would choose the low hanging fruit. What does that mean? Well, if you work in taxes, I would choose TCP. If you like financial accounting, if you like managerial accounting, I will choose BAR. If you like technology, you will choose ISC, information systems and control. So pick the low hanging fruit. This is what I would do. This is what I would do. So depending on where you are, where you stand now. So that's my answer. So there is no specific answer except the core, FAR or the drag. The discipline, you could pick the low hanging fruit or you could pick the discipline that's more relevant to your work. You could pick the discipline that you are most comfortable with. Unless, as I mentioned earlier, if you already passed FAR and studying for BEC, definitely BAR. If you passed drag, you take TCP. Any other questions? I'm going to call it for the day. I'm always here on social media, LinkedIn, Facebook, Reddit. You can follow me. Again, I'm going to invite you all to, if you're studying for the CPA exam, to go to the FAR half lectures, I'm going to share the link one more time. And my material is organized, aligned with your CPA review course. So it's very easy for you to follow. If you have any questions, you could reach out to me. I'm always available. Good luck, everyone. Study hard. The CPA exam is worth it. And of course, stay safe. Goodbye, everyone.