Home Page Icon
Home Page
Table of Contents for
Cover Page
Close
Cover Page
by O. Ray Whittington
Wiley CPAexcel Exam Review 2015 Study Guide (January): Business Environment and Concepts
Cover Page
Title Page
Copyright
Contents
PREFACE
ABOUT THE AUTHOR
ABOUT THE CONTRIBUTOR
INTRODUCTION
Chapter 1: Beginning Your CPA Review Program
GENERAL COMMENTS ON THE EXAMINATION
ATTRIBUTES OF EXAMINATION SUCCESS
PURPOSE AND ORGANIZATION OF THIS REVIEW TEXTBOOK
SELF-STUDY PROGRAM
PLANNING FOR THE EXAMINATION
Chapter 2: Examination Grading
Setting the Passing Standard of the Uniform CPA Examination
Grading the Examination
Chapter 3: The Solutions Approach
Chapter 4: Taking the Examination
EXAMINATION STRATEGIES
CPA EXAM CHECKLIST
Chapter 5: Exam Content Overview
AICPA CONTENT AND SKILLS SPECIFICATIONS
BUSINESS ENVIRONMENT AND CONCEPTS
Module 40: Corporate Governance, Internal Control, and Enterprise Risk Management
A. Corporate Governance
B. Internal Controls
C. Enterprise Risk Management
KEY TERMS
Multiple-Choice Questions (1–51)
Multiple-Choice Answers and Explanations
Written Communication Tasks
Written Communication Task Solutions
Module 41: Information Technology
A. Information Systems Within a Business
B. Characteristics of IT Systems—General
C. Characteristics of IT Systems—Specific
D. Control Objectives for Information and Related Technology (COBIT)
E. IT Risks and Internal Control
F. Flowcharting
KEY TERMS
Multiple-Choice Questions (1–149)
Multiple-Choice Answers and Explanations
Written Communication Task
Written Communication Task Solution
Module 42: Economics, Strategy, and Globalization
MICROECONOMICS
A. Focus
B. Demand
C. Supply
D. Market Equilibrium
E. Costs of Production
F. Production
G. Market Structure
MACROECONOMICS
A. Focus
B. Aggregate Demand and Supply
C. Business Cycles
D. Economic Measures
E. Monetary Policy
F. Fiscal Policy
G. Economic Theories
H. The Global Economy and International Trade
I. Foreign Exchange Rates
J. Foreign Investment
THE EFFECTS OF THE GLOBAL ECONOMIC ENVIRONMENT ON STRATEGY
A. The general environment includes the following factors:
C. Industry Analysis
D. Strategic Planning
E. Estimating the Effects of Economic Changes
KEY TERMS
Multiple-Choice Questions (1–126)
Multiple-Choice Answers and Explanations
Written Communication Task
Written Communication Task solution
Module 43: Financial Risk Management and Capital Budgeting
A. Risk and Return
B. Return on a Single Asset
C. Portfolio Returns and Risk
D. Interest Rates
DERIVATIVES AND HEDGING
A. The Nature of Derivatives
B. Risks in Using Derivatives
C. Uses of Derivatives
D. Financial Statement Effects of Derivative Transactions
E. Hedging Examples
PRESENT VALUE
A. The Time Value of Money
B. Valuation of Bonds
CAPITAL BUDGETING
A. Stages
B. Payback and Discounted Payback
C. Accounting Rate of Return
D. Net Present Value
E. Internal Rate of Return
F. Mutually Exclusive Projects
G. Determining Future Cash Flows
H. Considering Risk in Capital Budgeting
KEY TERMS
Multiple-Choice Questions (1–85)
Multiple-Choice Answers and Explanations
Written Communication Task
Written Communication Task Solution
Module 44: Financial Management
WORKING CAPITAL MANAGEMENT
CAPITAL STRUCTURE
ASSET AND LIABILITY VALUATION
BUSINESS VALUATION
MERGERS
KEY TERMS
Multiple-Choice Questions (1–138)
Multiple-Choice Answers and Explanations
Written Communication Task
Written Communication Task Solution
Module 45: Performance Measures and Management Techniques
A. Financial and Nonfinancial Performance Measures
B. Balanced Scorecard and Performance Measures
C. Value-Based Management (VBM) and Financial Performance Measures
D. Choosing among Different Performance Measures
E. Traditional Financial Statement Analysis
F. Benchmarking and Best Practices
G. Quality Control Principles and Tools
H. Cost of Quality
I. Business Process Management
J. Project Management
KEY TERMS
Multiple-Choice Questions (1–76)
Multiple-Choice Answers and Explanations
Written Communication Tasks
Written Communication Task Solutions
Module 46: Cost Measurement and Assignment
A. Cost of Goods Manufactured
B. Cost Flows
C. Job-Order Costing
D. Accounting for Overhead
E. Disposition of Under- and Overapplied Overhead
F. Service Department Cost Allocation
G. Process Costing
H. Hybrid-Costing System
I. Backflush Costing
J. Activity-Based Costing
K. Joint Products
L. By-Products
M. Estimating Cost Functions
N. Variable (Direct) and Absorption (Full) Costing
KEY TERMS
Multiple-Choice Questions (1–62)
Multiple-Choice Answers and Explanations
Written Communication Task
Written Communication Task Solution
Module 47: Planning, Control, and Analysis
A. Cost-Volume-Profit (CVP) Analysis
B. Financial Planning
C. Budgeting
D. Forecasting Methods
E. Flexible Budgets
F. Responsibility Accounting
G. Segmented Reporting and Controllability
H. Standards and Variances
I. Product and Service Pricing
J. Transfer Pricing
K. Short-Term Differential Cost Analysis
KEY TERMS
Multiple-Choice Questions (1–78)
Multiple-Choice Answers and Explanations
Written Communication Task
Written Communication Task Solution
APPENDICES
Appendix B: Sample Business Environment and Concepts Testlet Released by AICPA
Appendix C: 2014 Released AICPA Questions for Business Environment and Concepts
Index
Search in book...
Toggle Font Controls
Playlists
Add To
Create new playlist
Name your new playlist
Playlist description (optional)
Cancel
Create playlist
Sign In
Email address
Password
Forgot Password?
Create account
Login
or
Continue with Facebook
Continue with Google
Sign Up
Full Name
Email address
Confirm Email Address
Password
Login
Create account
or
Continue with Facebook
Continue with Google
Next
Next Chapter
Title Page
,
Add Highlight
No Comment
..................Content has been hidden....................
You can't read the all page of ebook, please click
here
login for view all page.
Day Mode
Cloud Mode
Night Mode
Reset