 Good morning. Good evening, everyone. Can you hear me? Hello, everyone. I see 10 people are watching or attending. I just want to make sure my microphone is working. Could you please let me know whether you can hear me or not? Excellent. Thank you, Suf. Hello, Lamia. Hello, everyone. How's everyone doing? Good morning, Corey. Thank you. Good morning, Priya. Thank you, 0409 2206. Good. How's everyone doing? Good morning, Yusuf. How are you? What are you guys calling from? What are you studying for? Hi, Mahmoud. Hello, thank you. Hi, Ethan. Hi, Ethan. What are you guys calling from? What are you studying for? Let's start with that. Although it's a CPA exam discussion, but it's open for anything. Suf from France, Paris, that's interesting. Zambia, Miami, studying for the BEC. Excellent. So trying to finish the BEC before the end of the year. That's the goal. Finish in BEC. Excellent. How's the preparation going? What's your plan for the next step? Frank is studying finance. Interesting. Accounting major, you asked, Corey, which university? Are you a freshman, sophomore, junior, senior? New Guinea. Interesting. Thank you, Ethan. Yusuf, are you starting far for 2023 or are you starting for 2024? We have Boston is studying intermediate accounting and interesting from Boston. SNHU. What is SNHU? New Hampshire University? Southern New Hampshire University, I believe. Okay. So you're taking this class online, Corey. Which courses are you taking now? Hamdan, you're testing November 30th. How prepared are you? I mean, you still have almost a month, almost a month. How prepared are you for this? How do you feel? Well prepared. What are you using? Global business. Are you taking any accounting courses for now or just your general business courses? Excellent. For 2024, which is good, you're starting with FAR. My question to you is how are you preparing? For the CPA review course. I'm assuming since you are going for 2024, now Becker is out. They have their 2024 out. Glyne is out. I'm not sure what else. Miles, for Indian students, they have their FAR 2024. Which CPA review course are you using? You want to make sure you are using the proper CPA review course because many information from the old FAR is being removed, like the conceptual framework, governmental accounting, and leases from one side, some of the revenues. I said consolidation and consolidation. Becker, excellent. Yusuf, are you aware of my supplemental CPA review course that goes with Becker? I have a course that you can work hand in hand with Becker. Are you aware of that? Hamdan is saying, I'm not feeling as good as Becker. Give me the max. What do you mean by that? If you are working on, I believe you said B2. What's the topic for B2? Let me take a look at B2. Let me share my screen and take a look at B2. One moment, please. I'm going to share screen. Let's look at Becker, BEC B2. So we're looking at old courses, BEC Becker. Let's look at B2. B2, we're talking about capital structure, growth, and probabilities, working capital, working capital management, financial valuation. Why do you feel it's not giving you enough? In what sense? It's not explaining the material in depth. Hi, Priya. If you are taken far by, I have, I'm assuming you meant to say I have failed far by 13 March. What should I do? Should I appear in 2023 or 2024? Priya, if you failed far, it means you prepared for far. 13 points doesn't tell me much. If you said 13 points, you failed it by 13 points. Now you have a decision to make. If you feel you can be prepared by 2024, if you feel that's the case, you should take it. But if I was in your shoes, I will wait and take it in 2024 because there's a huge difference in terms of material coverage content. Let me, I mean, I'm not, I'm not sure if I, if you can see this on my website, but if you go to all courses, just I'm going to show you this real quick. And if I go to far backer now, just kind of give you an idea. If we look at far backer, just kind of give you size wise, kind of give you an idea why you should take it in 2024 rather than 2023. If you look at the far course now, if you look at the far course, for example, my far course now is one of four pages. I have four pages of links and just want to show you the difference. If you go to the new far, new far, core far backer, well, Hamdan, that's why far hat will make it more interesting. That's why you should take far hat. If you look at the new far backer, it's only three pages. It's actually it's two and a half pages of material. So from a content wise, that's why you should defer it for 2024 if you can use. If I understand that you don't have time for a supplementary course, that's totally understandable. As long as you are getting the material, it's fine. But if you are not really understanding the material, you are better off with a little bit more time with a supplementary course unless you don't need it, then that's different. But if you are not getting the material, you're not you're not following properly, time that is not a factor, then you have to spend the time in order to learn it with supplementary material. Otherwise, you're not effective. Even if you have an hour and you spend that time on backer or two hours a day and you're getting five units of knowledge versus studying one hour at far hat and getting 20 units, it's a huge difference. So you're better off investing in yourself. Hi, Dhwana. TCP, it's being worked on. It's being worked on. I hope by the end of November, I will have TCP. Of course I will have TCP as well. Dhwana, I believe you were studying for the EA exam or MI, maybe I am wrong, but maybe you were studying for the EA exam and that's I'm assuming why you're taking TCP, which makes sense. But I don't have it ready yet. If you look under 2024, I do have the courses, but if you click, there's nothing there yet. It's being worked on, but it will be there. By the end of November, I should have TCP. I'm working on RAG now. I'm almost finishing audit. I finished FAR, I finished BAR. RAG is next, then after RAG, we'll do TCP. So this is how I am progressing with this. Let me remove this. Any questions, comments, anything? Remember, you can go to FARHAT Lectures and if you are not a member of FARHAT Lectures, you can get a free trial now. You can get a free trial. You can try it out risk-free, take a look at the material, try it for two days, see if it helps you. For example, Yusuf here, why don't you give me a try for two days? See if it helps you. If not, you say, okay, that's fine. There is no risk to you, but at least you should give it a try, especially that you don't have time. When a student says, I don't have time to study, I understand. But if you don't have the time, that's one problem. If you don't have the time and not understanding the material of Becker, that's two layers of problems. I can at least solve one problem and you have to figure out on how to find time to study. But even if you have time and if you're not understanding, that's not useful for you. So I can help you at least with the understanding part. Yes, that's what I thought, Duana. You did the EA and now. So yes, so it makes perfect sense that you take the TCP, that's for sure. And it should be easy for you because you took the EA. I don't know how much they're going to teach you more in TCP than your EA exam. So you're kind of basically done, I'll have to say. Which of the new exams is the closest to BEC in its current format? BEC is two exams. Basically, BAR and information systems and control. What's happening to BEC is all the material in BEC except the written communication. The written communication is gone. There's no more written communication. All the material that's remaining in TCP other than the written communication, 50% basically of it is going to BAR which is the managerial accounting, the cost accounting, the finance part, the e-comp part, some of the internal control going to BAR and anything that's technology, data analytics is going to the information systems and control. So BEC is going away and going away in a sense the material is not, but the exam itself is. So it's going to be easier because you're not going to have to worry about the written communication. Many students hated the written communication. It will go away. Capital structure. Try my capital structure lessons and see if you like them. If you're not a member, you can try it for two days. See if it solved your problem. Let's see. EA, I'm looking forward to using your videos for the CMA after. Great, great. So you study with me EA, CPA and CMA. I'm looking forward to using your videos for your trust. Will those exams be four hours as well? Yes, they will be four hours. That's correct. So Priya, if I was in your shoes, Priya, are you taking Miles or Becker? Which one are you taking for your exam? Because they both have the FAR 2024. That's why I would suggest before you retake the exam in 2023, just take a look at the material and you're going to see a huge difference. For example, Becker used to have six modules for FAR, now Becker has six modules for FAR. It's just the information from a volume perspective just went down substantially and this will help improve your success. This will help improve your success. Can you please suggest which discipline to choose for 2024 if a student is new to all three? Well, good question. For example, I was just talking to Duana since she already took her enrolled agent exam and she most likely worked in tax, I would suggest TCP. So you have to choose the discipline. Basically, you have to use two strategies. Say, do I want to pick the do I want to pick the specialization that's easiest for me, easiest in what sense? Easiest I'm most comfortable with. We basically pick the low hanging fruit. For example, if you like technology, you find technology interesting, you find technology easy, you want to take information systems and control. If you are, you like tax, when you study tax, you find it interesting, easy, it makes sense to you, you will go with TCP. If you like accounting, like accrual accounting, modified accounting, governmental accounting, cost accounting, managerial accounting, you'll take bar. The low hanging fruit means choose the specialization that's easiest for you in a sense you are most familiar and comfortable with. That's one option. The other option is to choose the specialization in which you work, you work in. For example, if you work in taxation, you should go with TCP. Why? Because it's going to force you to learn more about the topics that you work in that you work with day in and day out. So either choose the low hanging fruit, the one that you are most comfortable, most familiar with, or choose the specialization that you are working with. So you will choose this one. If none of these topics, none of these options are appeal to you, look at the material first, then decide. But you have to choose it. There is no an easy versus a hard one. We don't know yet. Easy and hard, as I always say, the relative terms. You have to choose the one that appeals to you. That appeals to you. For example, information system and control two-third of the exam based on the blueprint is remembering which is, it's easy than analysis. Because remembering means you just have to remember the concept, which is it's easier than applying the concept in a setting. But choose the one that fits your need or the one that's the easiest for you. Pick the low hanging fruit. This is what I would say. Can I buy customized subject like financial accounting and cost accounting only? Simran, if you're referring to my website, if you're referring to Farhad lectures, my subscription gives you access to all. So one subscription gives you access to all. I don't separate courses. I try to make it easy for everyone because some people, if they're college students, they're taking several courses at the same time. So I don't separate courses. Once you subscribe, you have access to everything. You have access to all the courses. So will the BEC disperse across the other core exams? The BEC will be I would say if I want to simplify 50% goes to the bar, 50% going to information system and control by simplifying. Little bit goes to bar and little bit goes to audit, but if I want to simplify 50% the bar, 50% to information system and control. Complex. I just took BEC, but I'm waiting for my score. It's my last exam. I'm hoping I passed. If not, I want to take it again before the end of the year. Great idea, complex. Take it by the end of the year. Otherwise, I hope that none of your credit expires, then you can take a specialization in 2024. And I will take bar. I was in your shoes complex. The reason is because you're studying for BEC now. It means you know managerial accounting, cost accounting you are familiar with those and bar will test you on those. So if you are not successful and all you need is a specialization I will take the bar specialization complex because you're ready to go far and you're studying for BEC. Do you have anything for the ACFE? Not, not, not further syllabus I have topics here and there, but for the ACFE, if you're studying for the ACFE, they provide you with the material. So the good thing with the ACFE is they give you and you don't need you don't need to you don't need to have any any material from the outside. You may supplement here and there, but they provide you with the material. If that's something you are planning to do. Because I'm not preparing for the exam. I want to study your curriculum. Yeah, that's fine. That's fine, Simran. Again, one subscription gives you access to all, whether you are an accounting student or CPA candidate. You have to go to NASBA Hamdan, you have to go to NASBA and they will have those score release dates for you. They will have those score release date for you. Hi, Professor, I take all the courses I'm able to be an accountant in the sense that I will now EFR. Well, yes, if you if you learn the material if you learn the material, what's going to happen is this. The next step is to sell yourself as someone who is knowledgeable through your resume. So can you be an accounting with no prior knowledge by taking courses? You have the basic knowledge. You have to show the future employer that you are willing to learn and if they're willing to give you a chance, you want to prove yourself. So if you take all the courses, think of it when you go to school, you take all the courses. Then when the employer gives you a chance, you have to prove that you can apply what you learn. So as long as you learn how to apply what you learn, then you are qualified. But you still have someone to give you the chance. That's the hardest part if you just take courses without a degree. Hello, sir, I'm preparing for RAC planning to give in January well going through the new curriculum. I did not find any addition regarding IT in it. Yes, yes, exactly, Gupta. There's no there's not much IT. Again, IT is going from BEC to information system in control. It's not going into RAC. It's not affecting RAC. There's no IT in RAC. You need to know some few concepts about data analytics, but very minor I would say you don't have to worry about IT. None of the BEC IT is going to RAC. It's going into information system in control. Initially what they said it's going to be technology in every section. But, you know, they could not put technology in every section. Let me just check Facebook comments in case someone is because I cannot see the Facebook comment. Just give me one moment. Let me take a look at Facebook comment. Michael, hi professor, sorry to join. I just joined. What is your advice regarding course order under the new system? Thank you in advance. Michael, are you referring to the course order in terms of the new specialization or course order on my website? I just want to clarify the question. Tuan, but I still need professional certification. I'm planning to shift career working on implementing ERP system. That's good. I took FARHAT material. It's amazing. Thank you, Tuan. Thank you. On the exam site. Michael, are you studying for the CPA exam? That's my question to you. Are you studying for the CPA exam? You follow your plan for the CPA exam, whether you're taking it in 2023 or 2024. My courses are, I have the 2023. I'm working on the 2024, let me see. So did you take any sections yet, Michael? Did you take any sections of the CPA exam? Or are you going to be taking FAR in 2024? I'm sorry, you're starting in 2024. Saying, give me some tips for preparing, studying for the CPA exam. Let me ask you this. Which material are you using now so I can kind of give you a little bit more of a plan? What is the total expense for becoming a CPA, including your coaching and registration? I want a lump sum idea. Good question, Simran. There are a lot of expenses. I try to, I cannot summarize them for you, but I will try. First, you need a review course. Depending. Okay, I'll get back to you about this. Michael, not yet looking for 2024. Okay, just let me ask, let me answer Simran first. I can give you an idea, a lump sum idea, but it depends on many factor. For registering for the exam, for the official registration, if you're going to take all four sections and pass all four sections the first time, you have to budget at least 1000 per section for fees and other expenses. That's $4000 or give and take, maybe $800 to $1000 if you're an international student. Also, you have to take a CPA review course. You have many options to take in a CPA review course. Which one are you going to take? I'm not sure. They could range from 1000 to 2000. Then if you want to subscribe to my website, my fee is $30 a month. If you subscribe for a year, you get a 40% discount, but you're talking about $800 if you subscribe assuming you pass within two years subscribing to my website. So we're talking about 5 to 6000. But again, it depends if you are international or in the US, it depends if you're going to take the exam more than once depending which review course you choose, whether you choose Miles or Becker or Wiley. There's a few hundred differences between each course. So saying you're using Becker. Okay, if you're using Becker, my question to you is this. Is it working for you? Can you follow or do you feel it's going too fast or not going in depth? So if you feel it's too fast and not going in depth then you need a supplemental course because you don't have enough tax background. This is where my course would come in. So let me show you this thing so you understand how to prepare. If Becker is working for you 100% then that's fine. But the fact that you are here and asking me if you need some additional help. So if you go to let me go to let me show you if you go to Farhad Lectures and you go to under REG REG exam Becker and I'm going to show you my additional resources. So what you need to do before you study Becker, you need to learn the material and this is where you really learn the material through my supplemental course. I have the course called R1M1 R1M2 M3, M4, so on and so forth. So I have lessons here, multiple choice that's going to help you learn the material. Then you go to Becker and you review Becker. So this is the tip that I can give you. Obviously you are looking for help and this is the best help I can give you. Let me go back to Michael on Facebook because yes if you are starting in 2024 Michael you would start with FAR FAR, the new FAR why? Why do you start with FAR? FAR teaches you GAP, basic accounting. You need GAP to study for audit. You need GAP or accounting knowledge in order to study for REG. So you would start with FAR and I would recommend after FAR audit and after audit REG and keep the specialization till a year from now. Why? Because as of right now we are very familiar with what's being tested on core FAR, core audit and core REG. We are not comfortable yet with the specialization. All tax preparers, why? Because they're new. So the third the specialization for later now take the core sections. FAR audit REG. This is the order that I will go with. FAR because you need the basic foundation for accounting, audit because you need FAR knowledge in order to be an auditor and REG. Once you understand accounting, once you understand audit tax should come easier for you. What is the most important section I need to focus on for BEC? The answer is all of them. There is not the most important section. All sections are important. All sections are important. If we know which section we would let you know. And here's what some people do. They think they know which one are the most important section and they focus on that and guess what happens on the exam day? They get questions that they did not prepare for. And this is not a coincidence. The reason is this. Let's assume you assume econ, finance and accounting are important. Let's assume we say those are the three most important. Here's what's going to happen. They will ask you questions about IT. They will ask you questions about internal control. And if you get those questions wrong, they're going to give you more questions about the questions that you get wrong. Why? Because they knew you were not prepared and the exam is over and you will fail the exam. You have to be prepared for all sections. There's no most important sections. All sections are equally important. This is what I have to say. So saying if if Becker is not working for you, it's not because Becker is not good. Becker is one of the best courses. It's because you don't have the necessary knowledge. So let me send you my since I have it open, I'm going to send you. My Becker course. You have two day free trial. Start the course, register. Try it for two days. If it's helping you register, pay for it. If it's not, you have two day free trial. Cancel. At least give it a try. This is what I would say. For everyone as well, whether you are studying Greg or any other course, I have supplemental for all providers Becker, Glyme, Miles, Roger, Sergeant, Wiley and for all sections. Give it a try. Let me share the main website so you can just since now I have a free trial, you can try it for two days. Absolutely. How do I figure out which material to use? So many options. Good question. What you should do is try to get a sample from first of all, you have a budget. So, you know, Becker is the most expensive. Can you afford Becker? If you cannot afford it, it's out. Well, you eliminated one option. Then look at other options, Wiley, Glyme, Roger, Sergeant. Look at them. Once you can say, okay, I can afford this, get a free sample. Give it a try. It doesn't mean the free sample, it's going to give you access to everything, but it's going to give you an idea whether you are comfortable with their system, you like their material, then take it from there. So this is how you figure out which material to use. There's no magic material. If, you know, if I use this, it's the best. The best material is the material that works for you. That's the best material. Which material works for you? You have to try it. But regardless, regardless, the good news is any material you choose, you can have my support because I support all CPA review courses, all sections. So any course you use, you will be in good shape. I hope this helps. There is no answer for this except take any course and I can help you Becker, Roger, Wiley, Gleam's, Surgeon and Miles. Those are the courses that I, their national courses, they are repeatable courses, they are comprehensive courses and I can help you. Let's just sign up for the lectures. How do I know that it's following the current version? I mean 2024. Well, Hamdan, if you're studying for BEC, BEC is 2023. You have to go to BEC. So let me send you the BEC, the BEC RAG, the BEC RAG link and you will need to register for that course. Let me send you the link specifically. This is the BEC RAG and this is the course that you need. Let me take a look at Facebook in case we have more comments. Thank you, Michael. Okay, we get caught on the Facebook comments. Your most welcome is Bacoup3. Okay, we're up to 30 minutes. Any questions, any comments? If none, I will call it for the day. As always, my resources are there to help you. Whether you are an accounting student or a CPA candidate in the good news is you can have a free trial. Give it a try for two days. Give it a try for two days. You can take a look at the website. I have accounting courses, advanced accounting, auditing, cost, intermediate, international, CPA exam sections, all sections, all providers. And here's the menu for everything. CMA Part 1, CMA Part 2, Enroll Agent Part 1, Enroll Agent Part 2. Whether you are studying for these courses for the certification or you're taking courses at your college level, I can help you. I can help you. Go ahead. Start a free trial. It's a free trial. It's a risk-free. If you don't like it, you would cancel. It's as simple as that. If there's no other questions, I will call it for the day. Good luck, everyone. Stay safe and invest in yourself.