CPA Audit Textbook and Videos Update June 2018

The CPA Audit Textbook and Videos have been updated with changes related to the latest accounting standards. The significant changes are listed below and the new content is available for current students in My Studies.

Candidates should review the changed material in the updated textbook and/or videos. If you have any questions about these changes, please contact us and we will be glad to assist you.

You can also learn more about the HOCK CPA and other exam prep materials if you are not already a HOCK student.

Area II

  • Expanded discussion of Audit Risk at the beginning of Area II.

Area III

  • Added new guidance for the Going Concern Assessment.

Area IV

  • Added discussion of the new PCAOB AS 3101 Standard on Audit Opinions.
  • Added discussion of the new standard on audit involvement with exempt offering documents.

Announcing new HOCK UAE Office

HOCK international is very pleased to announce the opening of our first official office in the United Arab Emirates. The HOCK UAE office will offer classes in Dubai with HOCK-approved instructors, provide materials for self-study locally, and work with other institutions and Universities who want to use HOCK materials in their classes. Former HOCK student Ahmed Farouk and his business partner Fouad Ahmed are heading the new office and are already working on a number of strategic partnerships in Dubai.

The first CMA classes run by HOCK UAE will be starting in July! More information about registration, pricing, etc. will be announced soon. This group will be taught by Ahmed Farouk and will be supported by Brian Hock and the entire HOCK team.

The web site for the HOCK UAE office is just getting started, but will be expanded over the coming weeks with additional information, so check back regularly for updates at http://www.hockuae.com/. You can get the latest information on upcoming classes, learn more about the instructors, and send a request for a personal contact about the upcoming classes.

We are very excited to bring HOCK to Dubai and the UAE, and look forward to starting the first official HOCK classes in Dubai next month!

HOCK offices closed Monday, May 28th, 2018

The HOCK offices will be closed on Monday, May 28th, 2018 in observance of Memorial Day. We wish everyone a safe and happy holiday! Limited email support will be available over the holiday weekend, but please allow extra time for a response.

Our online store remains open 24/7, and you can still save 20% on HOCK CMA, CIA, and CPA materials through May 31st!

CPA FAR Videos Update May 2018

The CPA FAR Videos have been updated to reflect the recent changes in the textbook related to the latest guidance for ASC 606 (Revenue Recognition). The significant changes are listed below and the new videos are available for current students to watch in My Studies.

Candidates should review the changed material in the updated videos. If you have any questions about these changes, please contact us and we will be glad to assist you.

You can also learn more about the HOCK CPA and other exam prep materials if you are not already a HOCK student.

All Changes Are In Area II

Group C: Inventory

  • Permanent Decline in Value replaced Lower of Cost or Market

Group E: Investments

  • All of the Videos in Investments have been replaced.

Group G: Payables and Accrued Liabilities

The following three videos replaced Estimated Liabilities:

  • Estimated Liabilities – Compensated Absences
  • Estimated Liabilities – Warranties
  • Estimated Liabilities – Coupons and Premiums

Group J: Revenue Recognition

  • All of the Videos in Revenue Recognition have been replaced to conform to the changes in ASC 606.

I Have Another Way to Calculate That

Occasionally, a student will contact us asking about a different way that they have to calculate an answer to an example or question in our CMA, CIA, or CPA materials. While these alternative ways are sometimes valid, a professional exam is not the place to try out a new theory, disagree with the syllabus, or experiment with an alternate method.

It is true that there are some things on the exams that can be calculated in more than one way. I know that there are different procedures and different ways to calculate a number or ratio that vary from company to company. However, for a professional exam, there is one way to correctly calculate a ratio and usually one way of how a process should be completed. For example, there may be dozens of ways to do a capital budgeting assessment in practice, but for the CMA exam, there are only a limited number of ways that are acceptable.

So, when you are studying for or taking the exam, remember that the questions will be asked from a certain perspective and will use specific processes and calculations. If you have questions about the “right” way to do something for the exam, remember that the “right” way is the way in your materials, because that is the way that the correct answer will be calculated on the exam.

Brian Hock, CMA, CIA

New! CMA Final Review Videos

We are pleased to announce new HOCK CMA Final Review Videos, which summarize all of the main topics on the CMA exam syllabus so that you can be sure that you refresh your understanding before going into the exam. The Final Review Videos are an excellent supplement to any CMA prep materials and will boost your confidence going into the exam.

The Final Review videos are included for free with our CMA Complete Package and our CMA Videos, and all students who previously purchased these materials have access to the new videos.

Just in time for students taking the exams this testing window (May/June 2018), the Final Review Videos are available separately and 50% off for a limited time – only $50 for one Part or $75 for both Parts!

If you have any questions about the Final Review Videos or any of the HOCK CMA exam prep, contact us and we will be glad to help.

Payment Plans Now Available for Study Materials $299+

HOCK is pleased to announce that we are now offering payment plans on study materials $299 or more. While our competitor’s plans are available only to US residents and require a credit check, our payment plan does not require a credit check and is available to students around the world. With the payment plan, you can choose an initial payment of 20%-50% of the purchase price and then pay the balance over 2-4 months.

If you’ve been wanting to study with HOCK but needed to spread out the cost of the materials over several months, now you can! Look for the See Payment Estimator link on any of our materials priced at $299 or higher.

Click to Shop CMA, Shop CPA, or Shop CIA. If you have any questions about the payment plan or any of our materials, do not hesitate to Contact Us and we will be happy to help.

Summer Sale through June 30th! Save 20% on all CMA, CPA, and CIA exam prep.Buy Now and Save!