Wiley CPA Examination Review 2013-2014, Problems and Solutions

by Whittington, O. Ray

• ISBN13: 9781118583869
• ISBN10: 1118583868
• Edition: 40th
• Format: Paperback
• Copyright: 2013-06-17
• Publisher: Wiley

Summary

The #1 CPA exam review self-study leader

The CPA exam review self-study program more CPA candidates trust to prepare for the CPA exam and pass it, Wiley CPA Exam Review 40th Edition contains more than 4,200 multiple-choice questions and includes complete information on the Task Based Simulations. Published annually, this comprehensive two-volume paperback set provides all the information candidates need in order topass the Uniform CPA Examination format.

• Features multiple-choice questions, AICPA Task Based Simulations, and written communication questions, all based on the CBT-e format
• Covers all requirements and divides the exam into 47 self-contained modules for flexible study
• Offers nearly three times as many examples as other CPA exam study guides
• Other titles by Whittington: Wiley CPA Exam Review 2013

With timely and up-to-the-minute coverage, Wiley CPA Exam Review 40th Edition covers all requirements for the CPA Exam, giving the candidate maximum flexibility in planning their course of study, and success.

Table of Contents

Preface ix

About the Author xi

About the Contributors xi

How To Use This Book 1

AUDITING AND ATTESTATION

Module 1: Professional Responsibilities 11

Module 2: Engagement Planning, Obtaining an Understanding of the Client and Assessing Risks 29

Module 3: Understanding Internal Control and Assessing Control Risk 76

Module 4: Responding to Risk Assessment: Evidence Accumulation and Evaluation 121

Module 5: Reporting 175

Module 6: Accounting and Review Services 216

Module 7: Audit Sampling 230

Module 8: Auditing with Technology 248

FINANCIAL ACCOUNTING AND REPORTING

Module 9: Basic Theory and Financial Reporting 263

Module 10: Inventory 364

Module 11: Fixed Assets 395

Module 12: Monetary Current Assets and Current Liabilities 429

Module 13: Present Value 467

Module 14: Deferred Taxes 543

Module 15: Stockholders’ Equity 563

Module 16: Investments 599

Module 17: Statement of Cash Flows 627

Module 18: Business Combinations and Consolidations 649

Module 19: Derivative Instruments and Hedging Activities 677

Module 20: Miscellaneous 697

Module 21: Governmental (State and Local) Accounting 741

Module 22: Not-for-Profit Accounting 769

REGULATION

PROFESSIONAL RESPONSIBILITIES AND BUSINESS LAW 789

Module 23: Professional and Legal Responsibilities 791

Module 24: Federal Securities Acts 811

Module 25: Business Structure 825

Module 26: Contracts 845

Module 27: Sales 863

Module 28: Commercial Paper 879

Module 29: Secured Transactions 897

Module 30: Bankruptcy 906

Module 31: Debtor-Creditor Relationships 918

Module 32: Agency 926

Module 33: Regulation of Business Employment, Environment, and Antitrust 934

Module 34: Property 945

FEDERAL TAXATION 959

Module 35: Individual Taxation 961

Module 36: Transactions in Property 1037

Module 37: Partnership Taxation 1059

Module 38: Corporate Taxation 1087

Module 39: Other Taxation Topics 1148

BUSINESS ENVIRONMENT AND CONCEPTS

Module 40: Corporate Governance, Internal Control, and Enterprise Risk Management 1175

Module 41: Information Technology 1187

Module 42: Economics, Strategy, and Globalization 1217

Module 43: Financial Risk Management and Capital Budgeting 1240

Module 44: Financial Management 1260

Module 45: Performance Measures 1288

Module 46: Cost Measurement 1303

Module 47: Planning, Control, and Analysis 1319

APPENDICES

Appendix A: Sample Examinations 1345

Auditing and Attestation 1345

Financial Accounting and Reporting 1374

Regulation 1406

Business Environment and Concepts 1431

Appendix B: Sample Testlet Released by the AICPA 1448

Auditing and Attestation 1448

Financial Accounting and Reporting 1454

Regulation 1463

Business Environment and Concepts 1470

Appendix C: 2013 Released AICPA Questions 1472

Auditing and Attestation 1472

Financial Accounting and Reporting 1491

Regulation 1510

Business Environment and Concepts 1526