Preface vii -- About the Author ix -- About the Contributor ix -- INTRODUCTION 1 -- Chapter 1: Beginning Your CPA Review Program 3 -- Chapter 2: Examination Grading 17 -- Chapter 3: The Solutions Approach 19 -- Chapter 4: Taking The Examination 27 -- Chapter 5: Exam Content Overview 31 -- FINANCIAL ACCOUNTING AND REPORTING 39 -- Module 9: Basic Theory and Financial Reporting 41 -- Module 10: Inventory 217 -- Module 11: Fixed Assets 267 -- Module 12: Monetary Current Assets and Current Liabilities 329 -- Module 13: Present Value 395 -- Module 14: Deferred Taxes 537 -- Module 15: Stockholders' Equity 577 -- Module 16: Investments 639 -- Module 17: Statement of Cash Flows 687 -- Module 18: Business Combinations and Consolidations 725 -- Module 19: Derivative Instruments and Hedging Activities 785 -- Module 20: Miscellaneous 825 -- Module 21: Governmental (State and Local) Accounting 897 -- Module 22: Not-for-Profit Accounting 983 -- APPENDICES 1017 -- Appendix A: Outlines of Accounting Pronouncements 1019 -- Appendix B: Financial Accounting and Reporting Sample Examination 1137 -- Appendix C: Sample Financial Accounting and Reporting Testlet Released by AICPA 1171 -- Appendix D: 2014 Released AICPA Questions for Financial Accounting and Reporting 1179 -- INDEX 1201