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 Contributors ix

INTRODUCTION

Chapter 1: Beginning Your CPA Review Program 3

Chapter 2: Examination Grading 14

Chapter 3: The Solutions Approach 15

Chapter 4: Taking the Examination 23

Chapter 5: Exam Content Overview 26

PROFESSIONAL RESPONSIBILITIES AND BUSINESS LAW

Module 23: Professional and Legal Responsibilities 35

Module 24: Federal Securities Acts 76

Module 25: Business Structure 104

Module 26: Contracts 149

Module 27: Sales 191

Module 28: Commercial Paper 223

Module 29: Secured Transactions 263

Module 30: Bankruptcy 281

Module 31: Debtor-Creditor Relationships 306

Module 32: Agency 326

Module 33: Regulation of Business Employment, Environment, and Antitrust 342

Module 34: Property 376

FEDERAL TAXATION

Module 35: Individual Taxation 413

Module 36: Transactions in Property 546

Module 37: Partnership Taxation 586

Module 38: Corporate Taxation 629

Module 39: Other Taxation Topics 716

APPENDICES

Appendix A: Regulation Sample Examination 761

Appendix B: Sample Regulation Testlet Released by the AICPA 785

Appendix C: 2012 Released AICPA Questions for Regulation 792

INDEX 809