Wiley CPAexcel Exam Review 2018 Focus Notes. Business Environment and Concepts

  • ID: 4450665
  • Book
  • 160 Pages
  • John Wiley and Sons Ltd
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Reinforce key concepts for the Business Environment and Concepts section of the CPA Exam with these easy–to–read and carry spiral–bound focus notes. Learn acronyms and mnemonic devices to help you remember accounting rules, checklists and more.

Let Wiley CPAexcel Focus Notes help you memorize formulas, concepts, acronyms and more.

  • Drill yourself on key steps in performing needed financial calculations or tasks.
  • Learn important strategies for taking the exam more quickly and accurately.
  • Solve exam questions and reinforce material being studied with a simplified, focused approach.
  • Memorize a variety of rules and checklists with our acronyms and mnemonics.

Covering the entire gamut of required subjects and skills, these handy supplements provide critical knowledge in an easy–to–understand and easy–to–remember format.

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Preface ix

Corporate Governance and Internal Control 1

Corporate Rights, Responsibilities, and Authority 1

17 Principles of Internal Control 6

The COSO ERM Model 10

Enterprise Risk Management: Limitations 13

Information Technology and Communications 14

Risks and Controls in Computer–Based Accounting Information 14

The COBIT Model of IT Governance and Management 16

System Development and Implementation 19

Introduction to E–Business and E–Commerce 21

Risks of E–Commerce 22

Data Structures, Software, and Databases 23

Information Systems Hardware 25

Size and Power of Computers 26

Storage Devices 27

Transaction Processing 28

Computer Networks and Data Communications 29

The Internet Structure and Protocols 31

Economic Concepts 34

Demand 34

Supply 38

Market Equilibrium 41

Consumer Demand and Utility Theory 43

Inputs and the Cost of Production 44

Gross Measures Economic Activity 46

Gross Measures Employment/Unemployment 47

Aggregate Demand and Supply 48

Business Cycle 49

Price Levels and Inflation/Deflation 51

Money, Banking, and Monetary/Fiscal Policy 54

Reasons for International Activity 56

Introduction to Business Strategy and Market Analysis 60

Financial Management 61

Introduction to Financial Management 61

Time Value of Money Tools 65

Financial Valuation 67

Introduction and the Payback Period Approach 68

Introduction and Financial/Capital Structure 73

Introduction to Working Capital Management 81

Accounts Receivable Management 85

Quality and Inventory Management 86

Quality Control 90

Performance Measures and Management Techniques 97

Manufacturing Costs 97

Costing Methods 99

Cost Behavior Patterns 103

Absorption and Direct Costing 108

Joint and By–Product Costing 114

Budgeting 117

Master and Static Budgets 118

Forecasting Techniques 124

Cost–Volume–Profit Analysis Calculations 127

Transfer Pricing and Benchmarking 129

Measurement Frameworks 130

Project Management and Benchmarking 135

Index 139

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Note: Product cover images may vary from those shown