Managerial Accounting TECEP Experiences

[pandas4eva]

Hi y'all!

I'm currently registered for the Managerial Accounting TECEP, and I'm wondering if any of you out there have taken it and what your experience was? I've looked through the forum (even the Specific Exam threads) and haven't found any info other than that most people don't take it... So if any of you've taken it and would share some tips, I'd appreciate it!

Thanks!

[pandas4eva]

I figured I'd update this since I have taken and passed the Managerial Accounting TECEP! I used the Saylor Academy course (BUS105: MANAGERIAL ACCOUNTING) that is aligned with this exam. I was a bit worried that the course wouldn't actually prepare me for the exam, but since it was FREE I decided to go for it. The course outline almost exactly matches the test description from TESU, and I can now attest that the course is very closely aligned with the exam itself. I even noticed a few questions from the Saylor final on the TECEP!

Overall, this exam was about as difficult as would be expected from a 100-level accounting exam. I was able to use a financial calculator but a 4-function one would have worked fine too. There were not any complex calculations that I remember. The exam was primarily knowing the various definitions and ratios.

I did run across a few things that I didn't recognize from the Saylor course:
-Influence peddling
-Japanese financial reporting requirements(why this is on there, I do not know...)
-Convergence

There were also a few things that I wish I had studied/practiced more:
-Average rate of return(at least 4 questions about this on my exam)
-Payback period
-High/Low Method(know how to calculate)
-Classification of costs(common, controllable, committed, etc).
-I'd also recommend committing all of the variance equations to memory. There were plenty of questions involving those.

In conclusion, I would definitely recommend the Saylor course as awesome free prep if you are taking or thinking of taking this exam!

[Shynepapin]

I figured I'd update this since I have taken and passed the Managerial Accounting TECEP! I used the Saylor Academy course (BUS105: MANAGERIAL ACCOUNTING) that is aligned with this exam. I was a bit worried that the course wouldn't actually prepare me for the exam, but since it was FREE I decided to go for it. The course outline almost exactly matches the test description from TESU, and I can now attest that the course is very closely aligned with the exam itself. I even noticed a few questions from the Saylor final on the TECEP!

Overall, this exam was about as difficult as would be expected from a 100-level accounting exam. I was able to use a financial calculator but a 4-function one would have worked fine too. There were not any complex calculations that I remember. The exam was primarily knowing the various definitions and ratios.

I did run across a few things that I didn't recognize from the Saylor course:
-Influence peddling
-Japanese financial reporting requirements(why this is on there, I do not know...)
-Convergence

There were also a few things that I wish I had studied/practiced more:
-Average rate of return(at least 4 questions about this on my exam)
-Payback period
-High/Low Method(know how to calculate)
-Classification of costs(common, controllable, committed, etc).
-I'd also recommend committing all of the variance equations to memory. There were plenty of questions involving those.

In conclusion, I would definitely recommend the Saylor course as awesome free prep if you are taking or thinking of taking this exam!

Just a quick question, did you have to enrol and have submitted application before taken the course?

[davewill]

You don't have to apply to take a TECEP, but the one-time application fee is $75 and the TECEP costs $114 as an enrolled student. If you take the TECEP as a non-matriculated student it costs $156. Unless it's the only TECEP you're going to take and you don't want a TESU degree, it makes sense to apply.