Wiley CPAexcel Exam Review 2014 Focus Notes: Financial Accounting and Reporting

All the information you need to pass the CPA exam on your own Updated annually with the latest AICPA content guidelines, Wiley CPAexcel Exam Review 2014 Focus Notes provides a review of all the basic skills and concepts tested on the CPA exam and teaches important strategies to take the exam faster and more accurately. Filled with acronyms and mnemonic devices to help candidates remember the accounting rules and checklists needed to pass the exam, Wiley CPAexcel Exam Review 2014 Focus Notes provides a thorough review of all basic skills and concepts needed for the exam.>

Lessor Reporting.

Wiley CPAexcel® Exam Review 2014 Focus Notes: Financial Accounting and Reporting; Copyright; Contents; Preface; About The Author; About The Contributor; Module 9: Basic Concepts; Objectives of Financial Reporting; Qualitative Characteristics of Accounting Information; IFRS® and U.S. Conceptual Framework as Converged; Elements of Financial Statements; IFRS Elements; Basic Rules and Concepts; Revenue Recognition; Installment Sales Method; Cost Recovery Method; Converting from Cash Basis to Accrual Basis; Balance Sheet; Special Disclosures; Reporting the Results of Operations.

Extraordinary ItemsChange in Accounting Principle: Allowed Only if Required by New Accounting Principles or Change to Preferable Method; Discontinued Operations; Reporting Comprehensive Income; Accounting for Changing Prices; SEC Reporting Requirements; Fair Value Measurements; Fair Value Concepts; Module 10: Inventories; Inventories; Goods in Transit; Cost of Goods Sold (COGS); Inventory Errors; Periodic versus Perpetual; Inventory Valuation Methods; FIFO Application-Valuing Cost Of Sales and Ending Inventory.

LIFO Application-Valuing Cost of Sales and Ending Inventory Using the Periodic MethodApplying LIFO …