Exam (elaborations)
CPA Exam - BEC Final Review (1)
- Course
- CISA - Chapter 1
- Institution
- CISA - Chapter 1
CPA Exam - BEC Final Review (1)
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CPA Exam - BEC Final ReviewEBIT / Sales - ANS-return on sales
NI / EBT - ANS-tax burden
Sales / Avg AR - ANS-accounts receivable turnover
Sales / Avg Total Assets - ANS-asset turnover
COGS / Avg Inventory - ANS-inventory turnover
CF from operations / CL - ANS-operating cash flow ratio
inversely - ANS-demand is ______ related to interest rates, discount rate, reserve requirement
Inventory conversion period + receivables collection period - payable deferral period - ANS-cash
conversion cycle
Inventory conversion period + receivables collection period - ANS-operating cycle
Avg Inventory / Avg Cogs / 365 - ANS-inventory conversion period
Avg Receivables / Avg Sales / 365 - ANS-receivables collection period
Avg Payables / Avg Purchases / 365 - ANS-payable deferral period
ending inventory / cogs / 365 - ANS-days in inventory
payable / cogs / 365 - ANS-days of payable outstanding
receivable / sales / 365 - ANS-days sales in ar
Prevention - ANS-employee training, maintenance, inspection expense (preproduction), process
redesign, product redesign
Appraisal - ANS-lab. maintenance, product testing, inspection expense (postproduction), quality
inspectors, statistical quality control check
Internal Failure - ANS-rework, scrap, tooling changes, costs to dispose, downtime
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