BB AD Exam study plan
BB AD Exam · Give each week a clear focus.
8 weeks · About 6 hours per week
Financial Accounting and Reporting
Map the revenue recognition five-step model and apply it to three contract scenarios you write yourself
Distinguish operating, financing, and investing cash flows by classifying 20 transactions into the correct section
Compute basic and diluted EPS from a constructed fact pattern including convertible debt
Build a one-page formula sheet linking the balance sheet, income statement, and cash flow statement
Your checkpoint
A handwritten or typed 15-question self-test on revenue recognition and cash flow classification, scored and corrected with notes on each miss
Financial Accounting and Reporting
Apply the equity method and consolidation logic to two parent-subsidiary scenarios
Compute deferred tax assets and liabilities for four temporary difference examples
Record adjusting journal entries for accruals, deferrals, and depreciation without reference notes
Explain the treatment of leases and pensions at a conceptual level in your own words
Your checkpoint
A journal entry workbook of 25 entries covering accruals, deferrals, income taxes, and intercompany eliminations, each with a one-line rationale
Financial Accounting and Reporting & Management Accounting and Cost Accounting
Complete a full trial balance to financial statement cycle for a fictional company
Calculate equivalent units and assign costs under both weighted-average and FIFO process costing
Allocate service department costs using the direct, step-down, and reciprocal methods
Reconcile variable costing and absorption costing operating income with a written bridge
Your checkpoint
A complete cost accounting problem set with a production cost report and a written reconciliation of the variable versus absorption income difference
Management Accounting and Cost Accounting
Compute and interpret direct material, direct labor, and overhead variances for a standard cost system
Prepare a flexible budget and explain the static budget variance decomposition
Build a contribution margin income statement and compute operating leverage
Evaluate a special order and a make-or-buy decision using relevant costing
Your checkpoint
A variance analysis report on a constructed manufacturing scenario showing each variance as favorable or unfavorable with a plausible cause for each
Corporate Finance and Financial Management
Compute net present value, internal rate of return, and payback for four capital budgeting proposals
Calculate the weighted average cost of capital including the after-tax cost of debt
Apply the capital asset pricing model and explain the components of beta
Compare financing alternatives by computing the degree of financial leverage
Your checkpoint
A capital budgeting memo recommending one of four projects, showing NPV, IRR, payback, and WACC with sensitivity to a two-point change in the discount rate
Corporate Finance and Financial Management & Business Law and Regulatory Environment
Construct a cash budget and a pro forma income statement for a three-month horizon
Compute key liquidity, solvency, and profitability ratios and interpret the trend across two periods
Outline the elements of a valid contract and identify the remedy for breach in three scenarios
Distinguish the major business entity forms by liability, taxation, and formation requirements
Your checkpoint
A ratio analysis and cash budget package for a fictional firm plus a one-page comparison table of business entity forms
Business Law and Regulatory Environment & Economics and Business Environment
Summarize the core provisions of securities regulation and employment law relevant to a mid-size company
Explain the mechanics of monetary policy and its effect on interest rates and business investment
Diagram supply and demand shifts and predict price and quantity effects in four market scenarios
Identify the phases of the business cycle and match each to a likely fiscal policy response
Your checkpoint
A two-page regulatory and economic briefing note covering five legal rules and three macroeconomic indicators with their business implications
Information Technology and Data Analytics & Financial Accounting and Reporting
Describe internal controls over financial reporting and identify control weaknesses in three short cases
Explain data analytics techniques including regression, sampling, and visualization and where each applies
Complete two timed mixed-topic practice sets under exam conditions
Review every missed item from weeks one through seven and rewrite the underlying rule in your own words
Your checkpoint
A timed 60-question cumulative practice exam with a scored error log categorizing each miss by domain and root cause
Milestones
Week 2: Score at least 70 percent on the week one self-test when retaken cold, and explain deferred taxes aloud without notes
Week 4: Produce the full trial balance to financial statement cycle and the production cost report with no more than two computational errors
Week 6: Complete the capital budgeting memo and ratio package within a single three-hour sitting and defend the recommendation in writing
Week 8: Score at least 75 percent on the cumulative practice exam and show that no single domain accounts for more than 40 percent of total missed items