Wiley CPA Examination Review Focus Notes by Stevens, Kevin -- Read -- Imperial Library of Trantor

Index

Title Page Copyright Page Preface About the Authors Corporate Governance and Enterprise Risk Management

Corporate Governance: Establish Incentives and Monitoring Internal Controls Enterprise Risk Management: Eight Components Enterprise Risk Management: Limitations

Information Technology

Attributes of Paper vs Electronic Systems Benefits of IT Risks of IT Types of Computer Systems Electronic Commerce Risks of E-Commerce Networks The Internet Networks and Control Risk Hardware Software Data Structure Systems Design and Process Improvement The Accounting Process in an IT Environment Organization of an IT Environment Organization in a Segregated Department Controls in an IT Environment General Controls Contingency Planning Application Controls Input Controls Edit Tests Processing Controls Control Totals The Use of Microcomputers

Economic Concepts

Demand Curve Consumer Demand and Utility Supply Curve Market Equilibrium Short-Run Costs of Production Long-Run Costs of Production Measures of Economic Activity Aggregate Demand and Supply Business Cycle International Trade

Financial Risk Management

Expected Returns Average Returns Standard Deviation Portfolio Risk Loan Risks Yield Curve Derivatives Time Value of Money

Capital Budgeting

Payback Method Accounting Rate of Return Internal Rate of Return Net Present Value Special Analyses for Decision Making

Financial Management

Working Capital Management Inventory Management Receivables Management Capital Structure

Performance Measures

Measurement Frameworks Quality Control

Cost Measurement

Cost Estimation Costing Methods

Planning, Control, & Analysis

Flexible Budgeting Master & Static Budgets Preparing a Master Budget Budgeting Material Purchases & Payments Standard Costing Responsibility Accounting & Performance Evaluation Transfer Pricing Variable & Absorption Costing Cost-Volume-Profit Analysis Graphical Approach to Breakeven Joint Products & By-Products Product & Service Pricing Project Management