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More About This Title Wiley CPA Exam Review 2008 Financial Accounting and Reporting
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Patrick R. Delaney, deceased, was the dedicated author and editor of the Wiley CPA Exam Review books for twenty years. He was the Arthur Andersen LLP Alumni Professor of Accountancy and Department Chair at Northern Illinois University. He received his PhD in Accountancy from the University of Illinois. He had public accounting experience with Arthur Andersen LLP and was coauthor of GAAP: Interpretation and Application, also published by John Wiley & Sons, Inc. He served as Vice President and a member of the Illinois CPA Society’s Board of Directors, and was Chairman of its Accounting Principles Committee; was a past president of the Rockford Chapter, Institute of Management Accountants; and had served on numerous other professional committees. He was a member of the American Accounting Association, American Institute of Certified Public Accountants, and Institute of Management Accountants. Professor Delaney was published in The Accounting Review and was a recipient of the Illinois CPA Society’s Outstanding Educator Award, NIU’s Excellence in Teaching Award, and Lewis University’s Distinguished Alumnus Award. He was involved in NIU’s CPA Review Course as director and instructor.
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2. EXAMINATION GRADING.
3. THE SOLUTIONS APPROACH.
4. TAKING THE EXAMINATION.
5. FINANCIAL ACCOUNTING AND REPORTING.
Modules and Abbreviations:1
7 Basic Theory and Financial Reporting.
A. Basic Concepts.
B. Error Correction.
C. Accounting Changes.
D. Financial Statements.
8 Inventory.
9 Fixed Assets.
10 Monetary Current Assets and Current Liabilities.
11 Present Value.
A. Fundamentals.
B. Bonds.
C. Debt Restructure.
D. Pensions.
E. Leases.
12 Deferred Taxes.
13 Stockholders’ Equity.
14 Investments.
15 Statement of Cash Flows.
16 Business Combinations and Consolidations.
17 Derivative Instruments and Hedging Activities.
18 Miscellaneous.
A. Personal Financial Statements.
B. Interim Reporting.
C. Segment Reporting.
D. Partnership Accounting.
E. Foreign Currency Translation.
19 Governmental Accounting.
20 Not-for-Profit Accounting.
Outlines of Accounting Pronouncements.
APPENDIX A: FINANCIAL ACCOUNTING AND REPORTING SAMPLE EXAMINATION.
APPENDIX B: SAMPLE TESTLETS RELEASED BY THE AICPA.
APPENDIX C: 2007 RELEASED AICPA QUESTIONS.
INDEX.
1 As explained in Chapter 1, this book is organized into 14 modules (manageable study units). The numbering of the modules commences with number 7 to correspond with the numbering system used in our two-volume s