All the information you need to pass the CPA exam on your own Updated annually with the latest AICPA content guidelines, Wiley CPAexcel Exam Review 2015 Focus Notes provides a review of all the basic skills and concepts tested on the CPA exam and teaches important strategies to take the exam faster and more accurately. Filled with acronyms and mnemonic devices to help candidates remember the accounting rules and checklists needed to pass the exam, Wiley CPAexcel Exam Review 2015 Focus Notes provides a thorough review of all basic skills and concepts needed for the exam. * Includes tips on identifying and interpreting annual reports, stock reports, and other published material to help with the research requirements of the new case study simulations * Available in a handy, easy-to-carry, spiral bound reference manual * Includes acronyms and mnemonics to help candidates learn and remember a variety of rules and checklists In order to assist candidates in successfully performing exam simulations, Wiley CPAexcel Exam Review 2015 Focus Notes include references to authoritative literature, sample spreadsheets, and key concepts, tips and tools to facilitate research.

Table of Contents

Preface vii About the Author ix About the Contributor ix Module 9: Basic Concepts 1 Financial Statements 11 Module 10: Inventories 42 Long-Term Construction Contracts 65 Module 11: Fixed Assets 69 Module 12: Monetary Assets and Liabilities 95 Module 13: Leases 124 Bonds 138 Debt Restructure 151 Pensions 155 Module 14: Deferred Taxes 162 Module 15: Stockholders Equity 172 Module 16: Investments 198 Module 17: Statement of Cash Flows 209 Module 18: Consolidated Statements 218 Module 19: Derivative Instruments 234 Module 20: Segment Reporting 246 Partnership 249 Foreign Currency 257 Interim Reporting 261 Personal Financial Statements 265 Module 21: Governmental (State and Local) Accounting 268 Module 22: Not-for-Profit Accounting 317 Index 332