Wiley CPA Examination Review

Preface ix About the Authors xi About the Contributor xi INTRODUCTION Chapter 1: Beginning Your CPA Review Program 3 Chapter 2: Examination Grading 16 Chapter 3: The Solutions Approach 18 Chapter 4: Taking the Examination 29 AUDITING AND ATTESTATION Exam Content Overview 35 Module 1: Professional Responsibilities 54 Module 2: Engagement Planning, Obtaining an Understanding of the Client and Assessing Risks 81 Module 3: Understanding Internal Control and Assessing Control Risk 95 Module 4: Responding to Risk Assessment: Evidence Accumulation and Evaluation 134 Module 5: Reporting 163 Module 6: Accounting and Review Services 195 Module 7: Audit Sampling 218 Module 8: Auditing with Technology 236 Outlines of Professional Standards 243 FINANCIAL ACCOUNTING AND REPORTING Exam Content Overview 361 Module 9: Basic Theory and Financial Reporting 367 Module 10: Inventory 427 Module 11: Fixed Assets 442 Module 12: Monetary Current Assets and Current Liabilities 465 Module 13: Present Value 485 Module 14: Deferred Taxes 544 Module 15: Stockholders' Equity 562 Module 16: Investments 584 Module 17: Statement of Cash Flows 599 Module 18: Business Combinations and Consolidations 611 Module 19: Derivative Instruments and Hedging Activities 637 Module 20: Miscellaneous 653 Module 21: Governmental (State and Local) Accounting 678 Module 22: Not-for-Profit Accounting 723 Outlines of Accounting Pronouncements 737 REGULATION Exam Content Overview 839 PROFESSIONAL RESPONSIBILITIES AND BUSINESS LAW 847 Module 23: Professional and Legal Responsibilities 849 Module 24: Federal Securities Acts 871 Module 25: Business Structure 886 Module 26: Contracts 912 Module 27: Sales 937 Module 28: Commercial Paper 953 Module 29: Secured Transactions 974 Module 30: Bankruptcy 983 Module 31: Debtor-Creditor Relationships 997 Module 32: Agency 1009 Module 33: Regulation of Business Employment, Environment, and Antitrust 1017 Module 34: Property 1040 FEDERAL TAXATION 1061 Module 35: Individual Taxation 1065 Module 36: Transactions in Property 1126 Module 37: Partnerships Taxation 1146 Module 38: Corporate Taxation 1161 Module 39: Other Taxation Topics 1191 BUSINESS ENVIRONMENT AND CONCEPTS Exam Content Overview 1213 Module 40: Corporate Governance, Internal Control, and Enterprise Risk Management 1218 Module 41: Information Technology 1235 Module 42: Economics, Strategy, and Globalization 1265 Module 43: Financial Risk Management and Capital Budgeting 1294 Module 44: Financial Management 1319 Module 45: Performance Measures 1344 Module 46: Cost Measurement 1361 Module 47: Planning, Control, and Analysis 1377 INDEX 1399