Title Details

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