Does anyone have any suggestions for where to find practice questions?? Especially for firm financials. I have done every single practice question on black spectacles including the ones posted in the ARE community. I still feel like I need more practice and am at a dead end…
Hi @megan.sheehan34,
Have you attended any of our Virtual Workshops? Designed to focus on the most difficult ARE topics, they are great way to dive deeper into areas you are struggling with or want additional practice on. It is led by a registered architect coach and gives you the opportunity to collaborate with peers in rich discussions as you tackle scenarios and problems, similar to a case study. We have Virtual Workshops for each division, hosted live every Sunday at 2:00 - 4:00pm Central Time. You can view all upcoming workshops and RSVP directly on your dashboard.
Our next PcM workshop’s topic is actually Evaluating a Firm’s Financial Metrics [Exercise B], which will cover the fundamental accounting principles for running a successful architecture firm. Using a Profit/Loss statement, we’ll be practicing how to calculate; Overhead Rates, Break-Even Rates, Utilization Rates, and Net Multipliers. I think it might be exactly what you are looking for in terms of additional financial-related practice questions!
If you are unable to attend live, I encourage you to watch the workshop replay on your dashboard next week! The replay will be made available starting Monday, June 9th through Sunday, June 15th at midnight Central Time.
The Virtual Workshop topics repeat every 4 weeks, so in 8 weeks we will revisit Evaluating a Firm’s Financial Metrics but with a different set of problems [Exercise A]. Workshops don’t follow a specfiic order, so you can cycle in at any time.
Please let me know if you have any further questions. We hope to see you at a workshop soon!
Best,
Kiara Galicinao, AIA, NCARB
Black Spectacles