Wiley CPA Exam Review Fast Track Study Guide

by Whittington, O. Ray

• ISBN13: 9780470196090
• ISBN10: 0470196092
• Edition: 4th
• Format: Paperback
• Copyright: 2008-07-08
• Publisher: Wiley

Summary

THE CPA STUDY GUIDE THAT PUTS YOU ON THE FAST TRACK TO SUCCESS!This tightly focused study guide --now thoroughly updated to cover the latest changes in the CPA Exam--cuts away all the excess information to simply give you what you need to know. Presenting the absolute key points and precise steps to take in preparing for the CPA Exam, the Wiley CPA Exam Review Fast Track Study Guide, Fourth Edition includes sample questions and solutions that will help you master the CPA Examination.O. Ray Whittington, well-known author and professor, has compiled this book using his extensive experience in preparing candidates for the CPA Exam. His time-honored and highly successful outline approach includes: The most essential and current material needed to successfully pass the exam, including discussion of the simulation-style questions Thoroughly revised content to prepare readers for the new computerized CPA Exam Test-taking strategies, tips, and techniques Coverage of new financial accounting standards including SFAS 155, Accounting for Certain Hybrid Financial Instruments; 157, Fair Value Measurements; and 159, Fair Value Option for Financial Assets and Financial Liabilities Coverage of new auditing standards, especially AICPA Statement on Auditing Standards Nos. 104 through 111 (Risk Assessment Standards) and the latest PCAOBs You can pass the CPA Exam -Wiley CPA Exam Review Fast Track Study Guide, Fourth Edition helps you preparefor, master the concepts in-and pass-the CPA Exam.Don't miss these other important study aids from the Wiley CPA Examination Review:Wiley CPA Exam Review: Two-Volume SetVOLUME 1: Outlines and Study GuidesVOLUME 2: Problems and SolutionsWiley CPA Exam Review: Four-Volume SetAuditing and AttestationBusiness Environment and ConceptsFinancial Accounting and Reporting RegulationWiley CPA Exam Review Practice Software Auditing and AttestationBusiness Environment and ConceptsFinancial Accounting and Reporting RegulationWiley CPA Exam Review Focus Notes, Fifth EditionWiley CPA Exam Review, How to Master SimulationsMastering Accounting Research for the CPA Exam, Second EditionWiley CPA Exam Review Impact Audios, Third EditionAuditing and AttestationBusiness Environment and ConceptsFinancial Accounting and Reporting Regulation

Author Biography

O. Ray Whittington, CPA, PhD (Chicago, IL) is the dean of the College of Commerce at DePaul University. Prior to joining the faculty of DePaul, he was the Director of Accountancy at San Diego State University. From 1989 through 1991, he was the Director of Auditing Research for the American Institute of Certified Public Accountants (AICPA), and he previously was on the audit staff of KPMG. Ray previously served as a member of the Auditing Standards Board of the AICPA and as a member of the Accounting and Review Services Committee and the Board of Regents of the Institute of Internal Auditors. Professor Whittington has published numerous textbooks, articles, monographs, and continuing education courses in addition to being the author of the Wiley CPA Exam Review books.

Table of Contents

Auditing And Attestation

Overview Of An Attest Function

Audit Opinions

Use Of Report Of Another Auditor

Comparative Financial Statements

Compilations And Reviews

Overview Of The Audit Of Financial Statements

Audit Risk

Internal Control

Evidence Gathering

Accounts Receivable And Revenues

Statistical Sampling

Inventory And Accounts Payable

Auditing With Technology

Flowcharting

Cash Receipts And Cash Balances

Special Reports And Other Reports

Long-Term Liabilities And Contingencies

Payroll

Land, Buildings, And Equipment

Investments

Financial Accounting And Reporting

Accounts Receivable And Bad Debt Expense

Present Value Computations

Land, Buildings, And Equipment (Fixed Assets)

Bonds And Notes; Payables And Investments (If To Be Held Till Maturity)

Miscellaneous Financial Statements

Stockholders' Equity

Accounting For Leases

Miscellaneous Accounting Concepts

Marketable Securities

Long-Term Construction Contracts

Installment Sales Methods

Structure Of An Income Statement

Contingencies And Other Losses And Liabilities

Deferred Income Taxes

Equity Method Of Accounting For Investments

Consolidated Financial Information

Statement Of Cash Flows

Intangible Assets

Pension Accounting

Inventory

Accounting Changes

Partnership Accounting

Financial Instruments

Earnings Per Share

Foreign Currency Balances

Disposal Of A Component

Reporting Segments Of An Enterprise

Governmental Accounting-Fund Accounting And Financial Statements

Governmental Accounting-Financial Reporting Process

Accounting For Not-For-Profit Organizations

Regulation

Professional Responsibilities

Federal Securities Regulations

Sarbanes-Oxley Act

Contracts

Agency

Sales-Uniform Commercial Code (Article 2)

Negotiable Instruments

Bankruptcy

Debtor And Creditor Rights

Real Property

Employment Laws And Environmental Regulations

Insurance

Overview Of Individual Income Taxes

Individual Income Taxes-Income

Individual Income Taxes-Exchanges

Individual Income Taxes-Deductions For Adjusted Gross Income (Agi)

Individual Income Taxes-Itemized Deductions

Individual Income Taxes-Tax Credits

Income Taxation Of Partnerships And S Corporations

Corporate Income Taxes-Income

Corporate Income Taxes-Expenses

Corporate Income Taxes-Other Areas

Other Taxation Areas

Business Environment And Concepts

Business Structure

Information Technology

Microeconomics

Macroeconomics

Business Strategy

Financial Management

Working Capital Management

Financing Current Assets

Capital Structure

Risk Management

Capital Budgeting

Quantitative Methods

Performance Measures

Quality Control Principles

Financial Planning

Cost-Volume-Profit Analysis

Cost Accounting

Variance Analysis<$$$>

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