CPA Study Group
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Here are some tips to sail through Regulation: - Make small notes of all the important Forms and Law Sections. - Have a sheet containing the drafts of various tax filing forms (Individual returns, partnership tax forms, and the corporation's tax forms) - Mnemonics and finding other such patterns and pictures helps big time - Highlight important portions on your books - Keep revision consistent - Take several mock exams
The Auditing and Attestation (AUD) section of the Uniform CPA Examination (CPA) tests the knowledge and skills that a newly licensed CPA must demonstrate when performing: • Audits of the issuer and non-issuer entities (including governmental entities, not-for-profit entities, employee benefit plans, and entities receiving federal grants). • Attestation engagements for issuer and non-issuer entities (including examinations, reviews, and agreed-upon procedures engagements). • Preparation, compilation and review engagements for non-issuer entities and reviews of interim financial information for issuer entities.
Hello, I'm confuse: I read somewhere that The GASB was appointed by the FAF ( Financial Accounting Foundation) to establish GAAP for State and local governments. Now I'm seeing that the answers to one of my review questions, mentions the AICPA as being responsible for designating GASB. Please help clarify the difference for me. THANK YOU
Equity = C.A.R.A.T. C = Capital Stock (Common & Preferred) A = APIC R = R.E. A = AOCI (P.U.F.E.R.) T = Treasury Stock OCI = P.U.F.E.R. P = Pension Plan U = Unrealized Gain/Losses Securities A.F.S. (Available for Sale) F = Foreign Exchg Gain/Loss E = Effect of Cash Flow Hedges R = Revaluation of Assets