Wiley CPA Examination Review Focus Notes: Financial Accounting and Reporting (Wiley Cpa Exam Review Focus Notes)

The new computerized CPA exam became effective in 2004. Focus Notes provides a review of all the basic skills and concepts tests on the CPA exam and teaches important strategies to take the exam faster and more accurately. The FAR section of the exam will cover accounting principles generally accepted in the United States for businesses, not-for-profit organizations and governmental entities. Wiley Focus Notes are designed to provide that knowledge in formats that are easy to understand and remember. Wiley CPA Exam Review: Focus Notes, Financial Accounting and Reporting......Page 3 Contents......Page 5 Preface......Page 6 About the Author......Page 8 Objectives of Financial Reporting......Page 9 Elements of Financial Statements......Page 11 Basic Rules & Concepts......Page 12 Converting from Cash Basis to Accrual Basis......Page 14 Current Assets & Liabilities......Page 17 Special Disclosures......Page 18 Reporting the Results of Operations......Page 19 Discontinued Operations......Page 29 Accounting for Changing Prices......Page 32 Inventories......Page 34 Long-Term Construction Contracts......Page 53 Property, Plant, & Equipment......Page 57 Disposal of Property, Plant, & Equipment......Page 67 Intangibles......Page 72 Bank Reconciliation......Page 80 Accounts Receivable......Page 81 Uncollectible Accounts......Page 82 Notes Received for Cash......Page 84 Notes Received for Goods or Services......Page 85 Financing Receivables—Discounting......Page 87 Financing Receivables......Page 88 Accounts Payable......Page 92 Financial Statement Analysis......Page 89 Contingencies......Page 93 Estimated & Accrued Amounts......Page 94 Miscellaneous Liabilities......Page 102 Accounting for Leases......Page 103 Bonds......Page 116 Troubled Debt Restructuring......Page 125 Pension Plans......Page 128 Postretirement Benefits......Page 133 Accounting for Income Taxes......Page 135 Stockholders’ Equity......Page 141 Earnings Per Share......Page 161 Methods of Reporting Investments......Page 166 Equity Method......Page 167 Marketable Securities......Page 172 Life Insurance......Page 173 Statement of Cash Flows......Page 174 Business Combinations......Page 182 Consolidations......Page 186 Investments in Derivative Securities......Page 192 Characteristics of Derivatives......Page 193 Use of Derivatives......Page 194 Segment Reporting......Page 196 Partnership......Page 199 Foreign Currency......Page 207 Interim Financial Statements......Page 211 Personal Financial Statements......Page 214 Governmental Accounting......Page 217 Accounting for Nonprofit Entities......Page 259 Index......Page 271 First sentence not found on the downloaded images - For re-classify.