Title Details

About the Author ix

About the Contributors ix

INTRODUCTION

Chapter 1: Beginning Your CPA Review Program 3

Chapter 2: Examination Grading 19

Chapter 3: The Solutions Approach 21

Chapter 4: Taking the Examination 33

AUDITING AND ATTESTATION

Exam Content Overview 39

Module 1: Professional Responsibilities 58

Module 2: Engagement Planning, Obtaining an Understanding of the Client and Assessing Risks 91

Module 3: Understanding Internal Control and Assessing Control Risk 107

Module 4: Responding to Risk Assessment: Evidence Accumulation and Evaluation 152

Module 5: Reporting 187

Module 6: Accounting and Review Services 228

Module 7: Audit Sampling 255

Module 8: Auditing with Technology 277

Outlines of Professional Standards 285

FINANCIAL ACCOUNTING AND REPORTING

Exam Content Overview 429

Module 9: Basic Theory and Financial Reporting 436

Module 10: Inventory 506

Module 11: Fixed Assets 524

Module 12: Monetary Current Assets and Current Liabilities 550

Module 13: Present Value 573

Module 14: Deferred Taxes 640

Module 15: Stockholders’ Equity 661

Module 16: Investments 687

Module 17: Statement of Cash Flows 705

Module 18: Business Combinations and Consolidations 718

Module 19: Derivative Instruments and Hedging Activities 748

Module 20: Miscellaneous 767

Module 21: Governmental (State and Local) Accounting 796

Module 22: Not-for-Profit Accounting 851

Outlines of Accounting Pronouncements 867

REGULATION

Exam Content Overview 987

PROFESSIONAL RESPONSIBILITIES AND BUSINESS LAW 997

Module 23: Professional and Legal Responsibilities 999

Module 24: Federal Securities Acts 1025

Module 25: Business Structure 1043

Module 26: Contracts 1074

Module 27: Sales 1103

Module 28: Commercial Paper 1121

Module 29: Secured Transactions 1146

Module 30: Bankruptcy 1156

Module 31: Debtor-Creditor Relationships 1173

Module 32: Agency 1187

Module 33: Regulation of Business Employment, Environment, and Antitrust 1197

Module 34: Property 1224

FEDERAL TAXATION 1247

Module 35: Individual Taxation 1252

Module 36: Transactions in Property 1325

Module 37: Partnership Taxation 1348

Module 38: Corporate Taxation 1366

Module 39: Other Taxation Topics 1401

BUSINESS ENVIRONMENT AND CONCEPTS

Exam Content Overview 1427

Module 40: Corporate Governance, Internal Control, and Enterprise Risk Management 1434

Module 41: Information Technology 1455

Module 42: Economics, Strategy, and Globalization 1490

Module 43: Financial Risk Management and Capital Budgeting 1525

Module 44: Financial Management 1555

Module 45: Performance Measures 1585

Module 46: Cost Measurement 1605

Module 47: Planning, Control, and Analysis 1623

INDEX 1649