CPA Exam Glossary

AUD CPA Exam: Identify Relevant Factors That Could Impact an Entity, Its Operations, and the Inherent Risk of Material Misstatement

AUD CPA Exam: Understanding Business Cycles and Leading, Coincident and Lagging Indicators of Economic Activity

AUD CPA Exam: Understanding Supply and Demand, and Elasticity Measures and Profit Maximization

AUD CPA Exam: How to Prepare Supporting Planning-Related Materials for a Detailed Engagement Plan

AUD CPA Exam: How to Draft an Engagement Plan for Specific Processes, Accounts, or Classes of Transactions

AUD CPA Exam: Understanding the Purpose and Significance of the Overall Engagement Strategy for an Engagement

AUD CPA Exam: Understanding Procedures and Responsibilities for Quality Control on an Engagement

AUD CPA Exam: Understanding a CPA Firm’s Responsibilities for Its Accounting and Auditing Practices System of Quality Control

AUD CPA Exam: Preparing Written Communication Materials Regarding Identified Internal Control Deficiencies for Management

AUD CPA Exam: How to Identify Matters Related to Deficiencies and Material Weaknesses in Internal Control to be Communicated to Management

AUD CPA Exam: How to Prepare Presentation Materials for Communicating the Planned Scope and Timing of an Engagement to Management

AUD CPA Exam: Identifying Matters Related to the Planned Scope and Timing of an Engagement to be Communicated with Management

AUD CPA Exam: How to Prepare Sufficient Engagement Documentation So It Is Understandable to Another Experienced Practitioner

AUD CPA Exam: Understanding the Requirements for Assembly and Retention of Engagement Documentation

AUD CPA Exam: Understanding What Comprises Sufficient and Appropriate Documentation for an Engagement

AUD CPA Exam: Understanding How to Document the Terms of an Engagement in a Written Engagement Letter

AUD CPA Exam: Understanding Procedures to Confirm an Understanding of the Terms of an Engagement Exist with Management

AUD CPA Exam: Understanding When It’s Acceptable to Agree to Management’s Request for a Change in Engagement Type

AUD CPA Exam: Understanding the Factors Affecting the Acceptance or Continuance of an Engagement

AUD CPA Exam: Understanding the Preconditions Needed for Accepting or Continuing an Engagement

AUD CPA Exam: Understanding the Nature, Scope, and Objectives of Attestation, Accounting, and Review Service Engagements

AUD CPA Exam: Understanding the Nature, Scope, and Objectives of GAO Engagements and Single Audits

AUD CPA Exam: Understanding the Nature, Scope, and Objectives of Different Types of Audit Engagements for Issuers and Non-Issuers

AUD CPA Exam: Understanding Auditor Biases and Other Impediments to Acting with Professional Skepticism

AUD CPA Exam: Understanding the DOL Independence Rules for Audits of Employee Benefit Plans

AUD CPA Exam: Understanding the Independence Requirements of the Department of Labor

AUD CPA Exams: Understanding Situations That Could Present Threats to Compliance in a GAO Engagement

AUD CPA Exam: Understanding the Ethical and Independence Requirements of the GAO Government Auditing Standards

AUD CPA Exam: Understanding Situations That Could Compromise Independence in the Audit of an Issuer

AUD CPA Exam: Understanding the Ethical and Independence Requirements of the SEC and PCAOB

AUD CPA Exam: Understanding the AICPA Conceptual Framework for Independence

AUD CPA Exam: How to Apply the AICPA Conceptual Framework for Members in Public Practice and Members in Business

AUD CPA Exam: Example Scenarios of Applying the Principles, Rules, and Interpretations of the AICPA Code of Professional Conduct

AUD CPA Exam: Understanding the Principles, Rules, and Interpretations in the AICPA Code of Professional Conduct

REG CPA Exam: Understanding the Different Types of Tax-Exempt Organizations for Tax Purposes

REG CPA Exam: Understanding the Tax Classification Options for a Limited Liability Company for Tax Purposes

REG CPA Exam: How to Calculate a Partner’s Basis in a Partnership for Tax Purposes

REG CPA Exam: How to Calculate Ordinary Business Income or Loss and Separately Stated Items for a Partnership

REG CPA Exam: How to Calculate Changes in a Shareholders Debt Basis in an S Corporation from Repayment of Debt

REG CPA Exam: How to Calculate a Shareholder’s Stock Basis in an S Corporation

REG CPA Exam: How to Calculate the Impact of Current Year Operations on an S Corporation’s Accumulated Adjustments Account

REG CPA Exam: How to Calculate Ordinary Business Income or Loss and Separately Stated Items for S Corporations

REG CPA Exam: Understanding Situations Where S Corporation Statues Would be Revoked or Terminated

REG CPA Exam: Understanding S Corporation Eligibility Requirements for Tax Purposes

REG CPA Exam: Understanding Who are Eligible Shareholders for an S Corporation

REG CPA Exam: Example Scenarios of Calculating State Taxable Income Using Applicable Apportionment Factors

REG CPA Exam: Understanding the Concept and Rationale of Apportionment and Allocation in Regard to State and Local Taxation

REG CPA Exam: Understanding the Concept and Rationale of Nexus in Regard to State and Local Taxation

REG CPA Exam: How to Calculate Allowable Tax Credits to Reduce Taxable Income for a C Corporation

REG CPA Exam: How to Calculate a Corporation’s Current Year Capital Loss, and Limitations on Using It in the Current Year

REG CPA Exam: How to Calculate a Corporation’s Current Year Net Operating Loss, and Limitations on Using It in the Current Year

REG CPA Exam: How to Calculate Taxable Income for a C Corporation

REG CPA Exam: How to Review a Trial Balance and Documentation to Find Possible Book vs Tax Differences

REG CPA Exam: How to Calculate the Book vs Tax Differences to be Reported on a Schedule M-1 or M-3

REG CPA Exam: How to Identify Permanent vs Temporary Differences to be Reported on a Schedule M-3

REG CPA Exam: Understanding the Safe Harbor Requirements for Individual Estimated Tax Payments

REG CPA Exam: Understanding the Differences Between a Refundable and Nonrefundable Tax Credit

REG CPA Exam: Example Scenarios to Determine a Taxpayer’s Filing Status

REG CPA Exam: Understanding the Definition of a Dependent for Determining Taxpayer Filing Status

REG CPA Exam: Understanding the Types of Taxpayer Filing Status for Tax Purposes

REG CPA Exam: How to Calculate Losses Disallowed for Tax Purposes from Hobbies, Wash Sales, or Personal Assets

REG CPA Exam: How to Calculate the Ordinary Business Loss Allowed from a Pass-Through Entity

REG CPA Exam: How to Calculate Capital Gains and Losses on the Sale of Capital Property

REG CPA Exam: How to Calculate the QBI Deduction for Federal Income Tax Purposes

REG CPA Exam: Understanding Itemized Deductions When Calculating Taxable Income for an Individual

REG CPA Exam: Understanding Adjustments to AGI, Including Retirement and HSA Contributions

REG CPA Exam: How to Report Income from Disregarded and Pass-Through Entities on an Individual’s Tax Return

REG CPA Exam: How to Calculate the Income Reported in the Year of a Taxpayer’s Death on Form 1040

REG CPA Exam: How to Calculate Amounts to be Excluded from a Taxpayer’s Gross Income on Form 1040

REG CPA Exam: How to Calculate Capital Gains to be Included in a Taxpayer’s Gross Income on Form 1040

REG CPA Exam: How to Calculate Amounts to be Included in a Taxpayer’s Gross Income on Form 1040

REG CPA Exam: How to Calculate the Tax Amortization for Intangible Assets

REG CPA Exam: Understanding What Property is Eligible for a Section 179 Deduction?

REG CPA Exam: How to Calculate Depreciation Using MACRS, Including Identifying the Recovery Period and Convention

REG CPA Exam: How to Calculate the Basis of Intangible Assets, Including Organization, Start-up, and Loan Costs

REG CPA Exam: How to Calculate the Tax Basis of Stock Acquired Through a Wash Sale

REG CPA Exam: How to Calculate the Tax Basis of Property Received as a Gift or as an Inheritance from a Decedent

REG CPA Exam: How to Calculate the Tax Basis of an Asset Converted from Personal to Business Use

REG CPA Exam: How to Calculate the Tax Basis of an Asset Purchased for Use in a Trade or Business

REG CPA Exam: Example Scenarios to Identify the Rights, Duties, Legal Obligations, and Authority of Owners and Management

REG CPA Exam: Understanding the Rights, Duties, Legal Obligations, and Authority of Owners and Management

REG CPA Exam: Understanding the Formation, Termination, and Legal Characteristics of Sole Proprietorships

REG CPA Exam: Understanding the Formation, Termination, and Legal Characteristics of Partnerships

REG CPA Exam: Understanding the Formation, Termination, and Legal Characteristics of LLCs

REG CPA Exam: Understanding the Formation, Termination, and Legal Characteristics of S Corporations

REG CPA Exam: Understanding the Formation, Termination, and Legal Characteristics of C Corporations

REG CPA Exam: Understanding Compliance Issues with Anti-Bribery Laws and Regulations

REG CPA Exam: Understanding Compliance Issues with Worker Classification Laws and Regulations

REG CPA Exam: Understanding Compliance Issues with Qualified Health Plan Laws and Regulations

REG CPA Exam: Understanding Compliance Issues with Employment Tax Laws and Regulations

REG CPA Exam: Understanding the Laws and Regulations Regarding Bribery of Foreign Officials and Preferential Treatment

REG CPA Exam: Understanding the Types of Bankruptcy and the Requirements of Discharge of Debts

REG CPA Exam: Understanding the Classification of an Independent Contractor vs an Employee

REG CPA Exam: Understanding the Laws and Regulations Related to Employment Taxes for Both Employers and Employees

REG CPA Exam: Understanding the Laws and Regulations for Qualified Health Care Plans, Including Mandates and Tax Credits

REG CPA Exam: Example to Understand the Rights, Duties, and Liabilities of Debtors, Creditors, and Guarantors

REG CPA Exam: Understanding the Requirements to Perfect a Security Interest

REG CPA Exam: Understanding the Difference Between a Secured and Unsecured Creditor

REG CPA Exam: Understanding How Property is Distributed in a Bankruptcy

REG CPA Exam: Understanding the Rights of Debtors and Creditors in a Bankruptcy