CPA Exam for Dummies

Introduction 1

Part 1: Getting Started with the CPA Exam 5

Chapter 1: So You Want to Become a CPA 7

Chapter 2: Getting Acquainted with the CPA Exam 15

Chapter 3: Applying, Scheduling, and Planning for Your Exam Day 25

Chapter 4: Implementing a Study Program 33

Chapter 5: Understanding the Types of CPA Questions 47

Part 2: Discipline Tests 53

Chapter 6: Understanding the Business Analysis and Reporting Test 55

Chapter 7: Reviewing the Information Systems and Controls Test 67

Chapter 8: Going Over the Tax Compliance and Planning Test 75

Chapter 9: Discipline Practice Questions 89

Chapter 10: Answers and Explanations to Discipline Test Practice Questions 97

Part 3: Financial Accounting and Reporting 101

Chapter 11: Taking a Closer Look at the Financial Accounting and Reporting Test 103

Chapter 12: Financial Accounting and Reporting Practice Questions 135

Chapter 13: Answers and Explanations to Financial Accounting and Reporting Practice Questions 145

Part 4: Auditing and Attestation 155

Chapter 14: Taking a Closer Look at the Auditing and Attestation Test 157

Chapter 15: Auditing and Attestation Practice Questions 185

Chapter 16: Answers and Explanations to Auditing and Attestation Practice Questions 193

Part 5: Taxation and Regulation 197

Chapter 17: Taking a Closer Look at the Taxation and Regulation Test 199

Chapter 18: Taxation and Regulation Practice Questions 223

Chapter 19: Answers and Explanations to Taxation and Regulation Practice Questions 229

Part 6: The Part of Tens 233

Chapter 20: Ten Common Mistakes on the CPA Exam 235

Chapter 21: Ten Important Formulas to Understand 243

Glossary of Accounting Terms 253

Index 271