Nutrilin Bottling Co.

s margin rate to the ending inventory and

get to an incorrect answer.
Third, the incorrect answers are all combinations of various
numbers used in the facts of the question. Minsan imumultiply
lang sa 2 or divided by 2.
Sa exam, they will not use colorful, memorable scenarios, like
Maria Regina selling her backyard Cristina Jennigail. Theyll
make it as boring and mundane as possible, with names like
Company A and Company B or Mel and Charo. If you
do not pay careful attention to the names, you can easily pick
up the wrong information which will lead you to the incorrect
answer.
Kaya kahit mahirap makapgfocus pag nasa actual board ka na
dahil sa kaba and paranoia. (Based on experience). Dapat
chillax lang.
Always ask the Lord for the wisdom to stay focused during the
exam.
CPA Board Exam Mistake #7
Not Studying How the CPA Board Exam Questions are
Structured.
Ang mga tanong sa CPA Board exam ay sobrang tricky, kaya
kailangan mo talaga ng matinding focus to each and every
word of the question and multiple choices. Like this:

If any of you lacks wisdom, he should ask God, who gives

generously to all without finding fault, and it will be given to
him. James 1:5
By the way, the correct answer is C.
CPA Board Exam Mistake #6
Not Focusing on the Way You Learn Best

Maria Regina Cristina Jennigail Mania Pili Co. is a wholly-owned

subsidiary of Nutrilin Bottling, Co. Maria Regina sold
P1,000,000 of Cristina Jennigail to Nutrilin Bottling, Co. during
20XX. Maria Regina had P4,000,000 of Cristina Jennigail on
hand at the end of 20XX and Nutrilin Bottling, Co. had
P200,000 of bottle inventory it had purchased from Maria
Regina on hand at the end of 20XX. Nutrilin Bottling, Co.s
gross margin rate is 10% and Maria Reginals gross margin
rate is 50%. How much intercompany profit in inventory
should be eliminated from Nutrilin Bottling, Co.s financial
results at the end of 20XX?
a. P500,000
b. P400,000
c. P100,000
d. P20,000
Look closely at the question sa taas, if you can notice, kung
anu-anong information ang pinaglalagay ng examiner pero di
naman lahat ay may kinalaman sa tanong. Minsan gumagamit
sila ng mga pangalan ng companies na nakakalito Those
words/phrases are meant to distract you para matest talaga
ang kalaliman ng kaalaman nyo sa mga accounting theories.
You do not need to know how much was sold during the year,
how much inventory Maria Regina had on hand or what
Nutrilin Bottling Co.s margins were. If you start this question
by reading the last sentence, yung misming tanong before
reading all the other facts at the beginning of the question,
you can more easily pinpoint the information you need.
First, the only two pieces of information you need are Nutrilin
Bottling Co.s ending Cristina Jennigail inventory related to
purchases from Maria Regina and Maria Reginas margin rate.
Second, they switched the order in which they provide
information about the two companies. In the first part of the
question, Maria Cristina is listed first. In the last part, Nutrilin
Bottling Co. is listed first. If you are not careful, you will apply

If you are currently reviewing for the CPA Board Exam,

malamang graduate ka na sa College, unless you are taking
an undergrad review, so I believe you know what it takes para
pumasa sa mga exams. And lahat tayo ay may ibat-ibang
ways on how to study.
During the review days, most of the reviewees are using the
Tips on How to Study Effectively for the CPA Board Exam
given by the professors in every review centers. Madalas
iniiba nila ang study habits nila at nakakalimutan nila kung
paano nila yun nagamit para masurvive ang College life. Keep
in mind na there are millions of ways to study effectively, and
it varies from individuals to individuals.
Maybe you learn best by listening. Pwede ding by writing.
Maybe by watching instructional videos. May mga
nagsusummarize din ng topics and kung minsan may
paflashcards pa (or even yung ring binded color coded index
cards). Whatever method has made you successful during
college days is what you should focus on for the CPA exam.
Pwede din namang magpractice ng additional habits para mas
maging effective ang pagrereview.
You should also consider the schedule you will attend in the
review centers. Kung Nocturnal ka and mas nagpprocess ang
utak mo twing gabi, or sadyang mas active ang katawang
lupa mo ng ganung oras, I suggest na magtake ka ng
afternoon class. Para may tulog ka sa morning, review
classess sa hapon, then self-study na mgadamag sa gabi.
Kung day person ka naman, pwede ka magattend ng review
classes during the morning tapos by afternoon ituloy mo na sa
bahay or library ang pagaaral then rest sa gabi. Note: These
schedules are not according to studies blah blah, those are
just my suggestions. In the end, ikaw pa din naman
makakaalam ng swak na time to study. Do not conform sa trip
ng tropa mo, hindi dahil sa morning session ang bestfriend mo
ay magmomorning session ka na din; hindi porke may

maganda.gwapo sa afternoon session, magaafternoon session

ka na din (hmmm Actually pwede din pala. Haha)
Just always remember that time is of the essence, sabi nga
diba it takes 21 days for an action to be a habit, eh iilang days
lang ang review perod mo babawasan mo pa ng 21 days para
magpalit pa ng study habit. Maintain the way you study,
syempre yung mga effective ways lang, kung wala ka
talagang study habit nung college, abah e ibang usapan na
yun.
I believe na alam mo naman sa sarili mo ang tamang
technique na swak sayo. Just do it!

the CPA Board Exam, you are going to be assessed with 8

Board Subjects. Hindi lang sa P2-Partnership part or MASVariable Costing. You will take all the board exam subjects.
Having limited time to prepare for the battle, you should be
focusing sa mga bagay na di mo pa alam or nahihirpaan ka
pading intindihin hanggang nagyon,
Bawasan mo ang time na ginugugol mo sa mga topics na
undergrad palang ay master mo na at kahit nakapatiwarik ka
pang magexam ay sure na masasagot mo. Allocate most of
your time sa mga topics na kahinaan mo. Hindi mo naman
matutunan ang Derivatives kung di mo aaralin. Kahit anong
gawing mong pagtakas sa mga topics na nagka-cause ng
internal hemorrhage sa utak mo, one thing is certain You
have to study it in order for you to learn.

CPA Board Exam Mistake #5

Using Outdated Review Materials
Madalas dahil sa pagtitipid or kawalang ng resources, many of
the reviewees or even undergrad students use older versions
of review materials or books. This is understandable but I
highly discourage you in doing this for two reasons.
Firsts, walang forever kahit sa mga accounting standards,
pronouncements and regulations. These things change
frequently. Pwedeng yung mga standards na applicable last
year ay di na applicable this year.
Second, updated review materials give you a glimpse into
testing trends. The way a certain examiner throws questions
and principles. It also gives you focus in the topics that are
important and not yet obsolete. Yan ang major advantage ng
page-enroll sa review centers. The instructors get updates
from different regulating bodies on what areas are likely to be
important.
Using old review materials will send you to the wrong path
and have you focus on the wrong topics.
Any money na matitipid nyo sa paggamit ng mga oudated
review materials or review books is more that offset by what
you stand to lose by not being well prepared for the exam.
The high risk you are taking is likely to result in more study
time, retakes and extra exam fees
Yes, makakatipid ka nga somehow, kaya lang your future is at
risk. The investment you will make today may result to a
greater outcome. If di talaga kaya, madami namang paraan,
its up to you kung pano ka didiskarte. If theres a will, theres
a way.

CPA Board Exam Mistake #4

Focusing on Your Strengths Instead of your
Weaknesses
Bakit ba masarap aralin ang Cash & Cash Equivalents,
Partnership, Job Order Costing, etc.,? Syempre kasi madali.
Eh bakit halos mapilipit utak natin makita pa lang ang salitang
Derivatives, Process Costing, Income Taxation, etc.? Kasi nga
ang hihirap. Nakakapanghina.
Its okay na magexcel in a certain subject or topic, iba din kasi
ang feeling pag inaaral mo na yung mga alam mong alam mo
na ang sisiw na sisiw na sayo. Pero when you are reviewing for

Board exam is not a matter of how many topics you have

already mastered, but its all about how well you understand
those topics. Hindi din yun paramihan ng mag questions na
alam na alam mo ng sagutin kahit pagbaligtarin pa ang mga
choices. Its about how deep your understanding is sa mga
accounting principles and their application.
Success can be achieved by practicing your strengths and
working on how you can overcome your weaknesses. P2
Atienza (Iba toh!)
CPA Board Exam Mistake #3
Not Taking Breaks
Parang pagwoworkout. If you are working out everyday, it will
be counterproductive. Your body needs a chance to rest and
recover after working out in order for you to see the
improvement.
Praparing for the CPA Board Exam is an intense mental
workout. Make sure na you give your mind and soul a chance
to rest and recover as well. Even the Lord took a rest when He
is creating the Earth. Sabi nga sa Mark 2:27 The Sabbath
was made for man, not man for the Sabbath.. Taking a dayoff sa pagaaral to take some rest is understandable. Unless
android ka na di napapagod.
When I was reviewing, there is a day talaga na hindi ako nagaaral, my Me-time. Para akong may 1-day pardon from
imprisonment. I am free to do everything I want, Attending to
church srvices, malling (Pag may budget), nood ng Game of
Thrones, kain, meeting with friends, but most of the time,
tulog talaga. Provided that I have already finished what has
been booked in my calendar. If may topics ako na hindi
nasunod (which I considered as utang), I compensate those
topics by studying it in my Me-time.
Your brain can process as much. Para yang external drives na
may certain capacity. If youll pour everything jan baka
maglog and mafreformat. What you have to do is to refresh it
as often as possible.
Another discipline of resting your precious brain is by taking
an in-between-study-breaks. Pwedeng after 1 hour of reading
e tumayo ka, take some refreshments then go back to work
after 10 or 15 mins. Its up to you. Point is, you have to take a
rest.
And remember not to feel guilty pag nagpapahinga ka, lalo ka
lang masstress pag inisip mo na nagaaksaya ka ng oras doing
nothing. Keep in mind na you had done your task kaya ka
nagkaroon ng time to rest.

Remember that one of the Human Fatigue is one of the

inherent limitations not jus in audit, but in everything,

I did is, I study 1 theory subject and 2 practical subjects per

day. Or depende sa topics. Basta laging combo para balanced
and hindi magsabaw or matuyot ang utak ko

CPA Board Exam Mistake #2

Not Making a Personalized Study Plan
During undergrad days, I believe we are all guilty of having a
study schedule at the beginning of the semester. Yung todo
effort pa tayo ng paglayout ng schedule natin somewhere,
pero halos maalikabukan lang come 2nd week of classes. This
habit ay dapat ng itapon kasabay ng mga alala ng aming
nakaraan (#Hugot).
As Ive said sa recent post ko, the span of time to prepare for
the CPA Board Exam is really limited. Wala namang
narerentahan na Silid ng Kaluluwa at Panahon katulad ng
nasa templo nila Dende na mabagal ang takbo ng oras.
Magugulat ka nalang isang linggo nalang pala ang natitira
bago magboard exam.
To make the most out of the limited time, you should have
planned from Day 1. Here are some tips on what and how to
make an effective study plan.
1. Assess your self
Connected ito sa #4 CPA Board Exam Mistakes, before ka pa
sumabak sa first day ng review dapat alamin mo na ang mga
topics na dapat mong aralin. Kung saan ka malakas at
mahina, para maallocate mo ng maayos ang mga dapat mong
aralin. You may take a self-test na based lang sa mga naalala
mo pa for the past 4 or 5 years before starting the review. No
pressure, kasi self-assessment naman yan and alam mo
naman sa sarili mo ang mga bagay na alam mo na.

5. Disiplina
A plan will never prosper if not executed well. Wala kang
ibang aasahan kundi ang sarili mo. Hindi mo pwedeng icompel
ang nanay mo na lagi kang iremind na sundin ang schedule
mo. You should do it yourself kaya nga Personalized Study
Plan eh. Designed by you for you.
Bottomline is that if you really have the hunger to succeed,
you should prepare. Sabi nga nila, Failing to prepare is
preparing to FAIL.
CPA Board Exam Mistake #1
Relying on Your Own Knowledge
Madalas pag nasa battle tayo lalo na pag exam, nagrerely
tayo sa sarili nating kakayahan. Sa sobrang tiwala natin sa
sarili natin nakaklimutan natin ang tunay na source ng lahat
ng wisdom and knowledge.
Were trying to make ourselves believe na kaya na natin
magexam kahit deep inside alam nating kulang pa, madami
pa tayong di naaral. And yung bagay na feeling natin ay
kulang is our Faith with the Lord. We are not trusting Him
100%. We are not believing how Great He is na kaya nya
tayong ipasa sa Board Exam.

2. Choose an appropriate schedule that suits you

Connected din sa #7 CPA Board Exam Mistakes, kahit allowed
ang pagsi-sit-in sa mga review centers, advisable pa din na
the day you are on the counter, paying your tuition fee, you
already know what schedule you will take. You should consider
everything, mula sa proximity ng review center from your
house/dorm; perfect time na nasa lucid interval ang iyong
utak; and everything else.
3. Place to study
Hindi lang dapat timing ang nasa plan mo, pati nadin ang
location. Kung sa bahay o sa library ka ba magaaral; Kung sa
Starbucks Dapitan or Mcdo P. Campa ka ba tatambay para
magreview; kung may study area ba ang dorm na rerentahan
mo; kung conducive ba na magaral kasama ang maiingay at
makukulit mong classmates sa dorm, etc.,
4. Your calendar
Kailangan mag-allocate ka na ng appropriate time per
subject/topic. Nung ako ngrereview, I called my style The
Combo, hindi ko pinagsasabay ang theories in one day, baka
makatulog lang ako for 100 years. Hindi ko din puro problems
lang in a day, Im afraid na baka ikabaliw ko naman yun. What

Its okay to trust in yourself, but do not be too confident with

yourself. Proverbs 3:5 says, Trust in the Lord with all your
heart and lean not on your own understanding.. Sino ba ang
gumawa ng examiners ng CPA Board? Di ba si Lord, so just
trust Him na He will do anything for you to be successful. The
Lord will never leave you nor forsake you (Deuteronomy 31:6).
Okay, lets say na it is given na sobrang galing mo na as in
daig mo pa si Einstein or Jimmy Neutron, pero there are still
uncontrollable factors around us. Factors to hinder us.
Pwedeng ma-mental block tayo during exam; pwedeng may
magyari along the way and malate tayo sa exam; pwedeng
mataranta tayo and all. But seek first the kingdom of God
and his righteousness, and all these things will be added to
you Matthew 6:33
Hindi sila Valix, Dayag, Tamayo, etc. ang source ng wisdom
natin. They are just instruments used by God to prepare us for
the CPA Board Exam. Those books and review materials are
just like powerbanks na limited ang source of energy, that one
thing is certain, na lahat yan mauubos eventually. But if we
are plugged in the ultimate source of wisdom, which is Jesus
Christ our Lord, we will never experience any wisdom
shortage. All it takes is to believe.