Chapter 8 – Debtor and Creditor Relationships

Welcome to Chapter 8 of the REG BOOST program!  We are continuing our discussion of business law. We hope that the concise BOOST outlines have shown you exactly what you need to know so you can focus on understanding and remembering this material rather than deciphering what is and is not important to know. 

During the REG BOOST program, we have consistently noted that you should dedicate two weeks (full-time) for final review. BOOST participants’ typical reaction to this is, “Do I really need two weeks of final review?” If you are ready to consider the approach you will take during final review, go to the REG - Final Review module on this site to download the document and watch the related video. In these resources, we provide specific guidance on how to structure your final review period. PLEASE TAKE THE TIME TO DOWNLOAD THE DOCUMENT AND WATCH THE VIDEO!!

Related to retaining the material, we hope around the end of your studies for Chapter 7 of BOOST, you took a practice test on the previous material to provide you feedback regarding how well you understand this material and are retaining it (remember, if you are not retaining it, you need to consider changing your study plan).

Also, when you are close to completing Chapter 8 of BOOST, you should take a practice test (with only multiple choice) for the content noted on page one or two of the document with content comparison of BOOST and Becker, Roger, or Wiley CPAexcel. This practice test will help you determine how much of the Chapters 1 to 7 BOOST information you have retained and how well you have integrated the various topics in Chapters 1 to 7. You should review your notes (which are a subsection of the BOOST outlines) periodically during the week to keep this information fresh in your mind. 

Good luck as you begin your studies of Chapter 8! Some of the page numbers in the videos are not the same as the page numbers in the BOOST textbook. Please use the page numbers in the BOOST textbook.

Remember, please contact BOOST CPA Review by email if you have any questions as you work through Chapter 8.

AFTER WATCHING EACH VIDEO BELOW, please complete the appropriate multiple choice and simulations related to each of these videos. Please refer to the document with content comparisons of BOOST and Becker, Roger, or Wiley CPAexcel to determine which multiple choice and simulations to complete.

Here are the three videos for Chapter 8 of BOOST: