Title Details

O. RAY WHITTINGTON, CPA, PhD, CMA, CIA, is Dean of the Driehaus College of Business and Kellstadt Graduate School of Business at DePaul University. Ray is a former member of the AICPA Auditing Standards Board and the AICPA Accounting and Review Services Committee. He is also the coauthor of Audit Sampling: An Introduction, Fifth Edition, available from Wiley.

Preface vii

About the Authors ix

About the Contributor ix

INTRODUCTION

Chapter 1: Beginning Your CPA Review Program 3

Chapter 2: Examination Grading 14

Chapter 3: The Solutions Approach 16

Chapter 4: Taking the Examination 23

Chapter 5: Exam Content Overview 26

BUSINESS ENVIRONMENT AND CONCEPTS

Module 40: Corporate Governance, Internal Control, and Enterprise Risk Management 35

Module 41: Information Technology 64

Module 42: Economics, Strategy, and Globalization 122

Module 43: Financial Risk Management and Capital Budgeting 173

Module 44: Financial Management 216

Module 45: Performance Measures 267

Module 46: Cost Measurement 297

Module 47: Planning, Control, and Analysis 328

APPENDICES

Appendix A: Business Environment and Concepts Sample Examination 373

Appendix B: Sample Business Environment and Concepts Testlet Released by the AICPA 388

Appendix C: 2012 Released AICPA Questions for Business Environment and Concepts 390

INDEX 401