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

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.

Table of Contents:
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