Wiley CPA Examination Review 2

1. HOW TO USE THIS BOOK. 2. AUDITING AND ATTESTATION. Engagement Planning, Obtaining an Understanding of the Client and Assessing Risks ENPL. Internal Control IC 2. Evidence EVID 3. Reporting REPT 4. Audit Sampling AUDS 5. Auditing with Technology ATEC 6. 3. FINANCIAL ACCOUNTING AND REPORTING. Basic Theory and Financial Reporting TREP 7. A. Basic Concepts. B. Error Correction. C. Accounting Changes. D. Financial Statements. Inventory INVY 8. Fixed Assets FA 9. Monetary Current Assets and Current Liabilities CACL 10. Present Value PV 11. A. Fundamentals. B. Bonds. C. Debt Restructure. D. Pensions. E. Leases. Deferred Taxes DETX 12. Stockholders' Equity STK 13. Investments IVES 14. Statement of Cash Flows SCF 15. Business Combinations and Consolidations BCC 16. Derivative Instruments and Hedging Activities DIHA 17. Miscellaneous MISC 18. A. Personal Financial Statements. B. Interim Reporting. C. Segment Reporting. D. Partnership Accounting. E. Foreign Currency Translation. Governmental GOV 19. Not-for-Profit NFP 20. 4. REGULATION. 5. PROFESSIONAL RESPONSIBILITIES AND BUSINESS LAW. Professional Responsibilities RESP 21. Federal Securities Acts FEDE 22. Contracts CONT 23. Sales SALE 24. Commercial Paper CPAP 25. Secured Transactions SECU 26. Bankruptcy BANK 27. Debtor-Creditor Relationships DBCR 28. Agency AGEN 29. Regulation of Employment and Environment EMEN 30. Property PROP 31. Insurance INSU 32. 6. FEDERAL TAXATION. Individual ITAX 33. Transactions in Property TPRO 34. Partnership PTAX. Corporate CTAX 36. Gift and Estate GETX 37. 7. BUSINESS ENVIRONMENT AND CONCEPTS. Business Structure BSTR 38. Information Technology IFTC 39. Economics and Strategy ECON 40. Financial Management FINM 41. Risk Management and Capital Budgeting RMCB 42. Performance Measures PERM 43. Cost Measurement COST 44. Planning, Control, and Analysis PLAN 45. APPENDIX A: SIMULATIONS. APPENDIX B: SAMPLE EXAMINATIONS. APPENDIX C:

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 the 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 Andersen 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 Andersen 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 served 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.