Professional Documents
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BECKER
PROFESSIONAL EDUCATION
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Becker Professional Education I CPA EXiJm RevIew
FINANCIAL
program attendance record
Financial
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FINANCIAL 1 FINANCIAL 2
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FINANCIAL 3 FINANCIAL 4
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fiNANCIAL 5 FINANCIAL 6
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FINANCIAL 7 FINANCIAL 8
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FINANCIAL 9 FINANCIAL 10
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IMPORTANT NOTES TO STUDENTS REGARDING 'THE BECKER PROMISE'
You must stamp this sheet at the end of each class attended. This Is the only acceptable record of your classroom attendance.
An overall percentage correct of 90% or higher is required of the homework to qualify for The Becker Promise.
Please fax documentation to 866-398-7375 no later than 30 days following the completion of each section.
02011 DeWv/Becker EdkIQlio!1al DeYl'llopmctnl Corp. All ri&hts reselVl'ld, v
Becker Professional Education I CPA Exam RevIew
FINANCIAL
table of contents
Financial
Program attendance record v
Introduetion Intro-1
FINANCIAL 1
1. Accounting standards and conceptual frameworks Fl-3
2. Income statement Fl-17
'ncome/rom continuing operations Fl-19
Discontinued operations and exit or disposal activities Fl21
Extraordinary items Fl27
Accounting changes and error corrections Fl29
3. Comprehensive income Fl35
4. Balance sheet and disclosures overview Fl-40
5. Interim financial reporting Fl-47
6. Segment reporting Fl.S1
7. Development-stage enterprises (u.S. GAAP) Fl-S7
8. First-time adoption of IFRS Fl-S8
9. SEC reporting requirements Fl-61
10. Appendix: IFRS vs. U.S. GAAP 69
11. Class questions fl73
FINANCIAL 2
1. Timing issues: Matching of revenue and expenses, correcting and adjusting accounts f2-3
2. longterm construction contracts F2-28
3. Accounting for installment sales fl33
4. Accounting for nonmonetary exchanges Fl-36
S. Financial reporting and changing prices Fl-42
6. Foreign currency accounting Fl-4S
7. Other financial statement presentations . F253
8. Appendix: The Codification Fl58
9. Appendix: IFRS vs. U.S. GAAP F2al
10. Class questions F2.83
Cl 201J Ot!Vry/8ecker dUC:IIIONJ Dwelopmltnt Corp. All rilhts reserved. vii
Financial Becker ProfessIonal Education I CPA Exam RevIew
FINANCIAL3
1. Marketable securities F3-3
2. Business combinations/consolidations F)-10
3. Cost method (external reporting) F3.12
4. Equity method and joint ventures {external reporting) F3-14
S. Consolidated financial statements F3.22
6. Acquisition method F3-23
7. Intercompany transactions F3-46
8. Combined financial statements/push down accounting F354
9. Taskbased simulations 8.55
10. Appendix I: Illustrative consolidated financial statements F3-59
11. Appendix II: IFRS vs. U.S. GAAP ".61
12. Class questions F363
FINANCIAL4
1. Working capital and its components F4-3
2. Inventories F420
3. Fixed assets F4-34
4. Depreciable assets and depreciation F4-44
5. Fixed asset Impairment F4-55
6. Appendix I: Other inventory cost flow assumptions F4-57
7. AppendiX II: IFRS vs. U.S. GAAP "65
8. Class questions F4-67
FINANCIALS
1. Present values and annuities Fs-3
2. Accounting for leases Fs6
3. long-term liabilities and bonds payable Fs-30
4. Appendix: IFRSvs. U.S. GAAP ,,59
5. Class questions Fs-61
FINANCIAL6
1. Pension plans F6-3
2. Postretirement benefits other than pensions F&-26
3. Other deferred compensation and benefits F&-31
4. Accounting for income taxes F6-33
S. Appendix: IFRS vs. U.S. GAAP f.S3
6. Class questions F6-57
vIIi 02011 oevry/Detker Edl,lcotJOrlll! Devclopment Corp. All righn reserved.
Becker Professional Education I CPA E ~ a m Review Financial
FINANCIAL 7
1. Stockholders' equity F73
2. Earnings per share F123
3. Statement of cash flows F132
4. Appendix I: Ratio analysis F7-44
5. Appendix II: IFR5 V5. U.5. GAAP ........................................................................................................................................... "51
6. Task-based simulations F153
7. Class questions F159
FINANCIAL 8
1. Governmental accounting overview F8-3
2. Modified accrual accounting F8-1S
3. Governmental funds F8-29
4. Proprietary funds F8s1
S. Fiduciary funds F8-63
6. Class questions F875
FINANCIAL 9
1. Governmental accounting (Part B) F9-3
2. Not-for-profit organizations F942
3. Task-based simulations F9-79
4. Class questions F9-83
FINANCIAL 10
1. Fair value measurement FIo-3
2. Partnerships Flo-]
3. Variable interest entities (ViEs) FIO.16
4. Asset retirement obligations (AROs) F10.20
5. Troubled debt restructuring Flo-23
6. Other liabilities and debt covenants FIo-28
7. Estimated and accrued liabilities FIo-33
8. Contingencies F10.36
9. Subsequent events F10-39
10. Financial instruments Fl0-41
11. Appendix: IFRS V5. u.s. GAAP F10-53
12. Class questions FIO55
Class question explanations CQ-1
Glossary Glossary-1
Index Index!
Cl2011 DeYfy{Bet:ker Educational Development Corp. All rishu reserved. Ix
Becker Professional Education I CPA Exam RevlE"w
FINANCIAL ACCOUNTING & REPORTING CONTENT SPECIFICATION OUTLINE
FINANCIAL ACCOUNTING & REPORTING
4 hours
Anandal
60 Points