Completely revised for 2009 and the new computerized CPA Exam Published annually, this comprehensive, four-volume study guide for the Certified Public Accountants (CPA) Exam arms readers with detailed outlines and study guidelines, plus skill-building problems and solutions that help them identify, focus on, and master the specific topics that need the most work. Many of the practice questions are taken from previous exams, and care is taken to ensure that they cover all the information candidates need to pass the CPA Exam. Broken into four volumes - Regulation, Auditing and Attestation, Financial Accounting and Reporting, and Business Environment and Concepts - these top CPA Exam review study guides provide: more than 2,700 practice questions; complete information on the new simulation questions; a unique modular structure that divides content into self-contained study modules; and, AICPA content requirements and three times as many examples as other study guides. O. Ray Whittington, PhD, CPA, CMA, CIA (Chicago, IL), is the Dean of the College of Commerce at DePaul University. He is also the author of "Audit Sampling: An Introduction, Fifth Edition" (9780471375906), from Wiley.
Patrick R. Delaney, PhD, CPA, was the department chair at Northern Illinois University. He spent nearly three decades as a respected colleague of John Wiley & Sons and was author of the "Wiley CPA Exam Review" and coauthor of "Wiley GAAP: Interpretation and Application of Generally Accepted Accounting Principles".
Table of Contents
Business Environment and Concepts: CHAPTER 1. BEGINNING YOUR CPA REVIEW PROGRAM. 2. EXAMINATION GRADING. 3. THE SOLUTIONS APPROACH. 4. TAKING THE EXAMINATION. 5. BUSINESS ENVIRONMENT AND CONCEPTS. 38 Business Structure BSTR. 39 Information Technology IFTC. 40 Economics and Strategy ECON. 41 Financial Management FINM. 42 Risk Management and Capital Budgeting RMCB. 43 Performance Measures PERM. 44 Cost Measurement COST. 45 Planning, Control, and Analysis PLAN. APPENDIX A: BUSINESS ENVIRONMENT AND CONCEPTS SAMPLE EXAMINATION. APPENDIX B: SAMPLE TESTLETS RELEASED BY THE AICPA. APPENDIX C: 2008 RELEASED AICPA QUESTIONS. INDEX. Auditing and Attestation: CHAPTER 1. BEGINNING YOUR CPA REVIEW PROGRAM. 2. EXAMINATION GRADING. 3. THE SOLUTIONS APPROACH. 4. TAKING THE EXAMINATION. 5. AUDITING AND ATTESTATION MODULES. 1 Engagement Planning ENPL. 2 Internal Control IC. 3 Evidence EVID. 4 Reporting REPT. 5 Audit Sampling AUDS. 6 Auditing with Technology ATEC. Outlines of Professional Standards. Statements on Standards for Attestation Engagements. Statements on Auditing Standards. Statements on Standards of the Public Company Accounting. Oversight Board. Government Auditing Standards. Statements on Standards for Accounting and Review Services. Information Technology Supplement. APPENDIX A: AUDITING AND ATTESTATION SIMULATIONS. APPENDIX B: AUDITING AND ATTESTATION SAMPLE EXAMINATION. APPENDIX C: SAMPLE TESTLETS RELEASED BY THE AICPA. APPENDIX D: 2008 RELEASED AICPA QUESTIONS. INDEX. Regulation: 1. BEGINNING YOUR CPA REVIEW PROGRAM. 2. EXAMINATION GRADING. 3. THE SOLUTIONS APPROACH. 4. TAKING THE EXAMINATION. 5. REGULATION. 6. PROFESSIONAL RESPONSIBILITIES AND BUSINESS LAW. 7. FEDERAL TAXATION. 21 Professional Responsibilities RESP. 22 Federal Securities Acts FEDE. 23 Contracts CONT. 24 Sales SALE. 25 Commercial Paper CPAP. 26 Secured Transactions SECU. 27 Bankruptcy BANK. 28 Debtor-Creditor Relationships DBCR. 29 Agency AGEN. 30 Regulation of Employment and Environment EMEN. 31 Property PROP. 32 Insurance INSU. 33 Individual ITAX. 34 Transactions in Property TPRO. 35 Partnership PTAX. 36 Corporate CTAX. 37 Gift and Estate GETX. APPENDIX A: REGULATION SAMPLE EXAMINATION. APPENDIX B: SAMPLE TESTLETS RELEASED BY THE AICPA. APPENDIX C: 2008 RELEASED AICPA QUESTIONS. INDEX. Financial Accounting and Reporting: 1. Beginning Your CPA Review Program. 2. Examination Grading. 3. The Solutions Approach. 4. Taking the Examination. 5. Financial Accounting and Reporting. Modules and Abbreviations:1 7. Basic Theory and Financial Reporting. A. Basic Concepts. B. Error Correction. C. Accounting Changes. D. Financial Statements. 8. Inventory. 9. Fixed Assets. 10. Monetary Current Assets and Current Liabilities. 11. Present Value. A. Fundamentals. B. Bonds. C. Debt Restructure. D. Pensions. E. Leases. 12. Deferral Taxes. 13. Stockholders' Equity. 14. Investments. 15. Statement of Cash Flows. 16. Business Combinations and Consolidations. Part I SFAS 141 Part II SFAS 1471 (R). 17. Derivative Instruments and Hedging Activities. 18. Miscellaneous. A. Personal Financial Statements. B. Interim Reporting. C. Segment Reporting. D. Partnership Accounting. E. Foreign Currency Translation. 19. Governmental Accounting. 20. Not-for-Profit Accounting. Outlines of Accounting Pronouncements. Appendix A: Financial Accounting and Reporting Sample Examination. Appendix B: Sample Testlets Released by the AICPA. Appendix C: 2008 Released AICPA Questions. Index.
O. Ray Whittington, PhD, CPA, CMA, CIA, is the dean of the College of Commerce at DePaul University. Prior to joining the faculty at DePaul, Professor Whittington was the Director of Accountancy at San Diego State University. From 1989 through 1991, he was Director of Auditing Research for the American Institute of Certified Public Accountants (AICPA), and he previously was on the audit staff of KPMG. He 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. Patrick R. Delaney, deceased, was the dedicated author and editor of the Wiley CPA Exam Review books for twenty years. He was the Arthur Anderson LLP Alumni Professor of Accountancy and Department Chair at Northern Illinois University. He received his PhD in Accountancy from the University of Illinois. He had public accounting experience with Arthur Anderson LLP and was coauthor of GAAP: Interpretation and Application, also published by John Wiley & Sons, Inc. He served as Vice President and a member of the Illinois CPA Society's Board of Directors, and was Chairman of its Accounting Principles Committee; was a past president of the Rockford Chapter, Institute of Management Accountants; and had serves on numerous other professional committees. He was a member of the American Accounting Association, American Institute of Certified Public Accountants, and Institute of Management Accountants. Professor Delaney was published in The Accounting Review and was a recipient of the Illinois CPA Society's Outstanding Educator Award, NIU's Excellence in Teaching Award, and Lewis University's Distinguished Alumnus Award. He was involved in NIU's CPA Review Course as director and instructor.