Cpa exam bec 1 - Study guides, Class notes & Summaries

BEC CPA EXAM Acronyms Questions and answer rated A+ 2023Internal Control Components CRIME 1. Control environment 2. Risk assessment 3. Information and communication 4. Monitoring 5. Existing control activities Categories of Objectives ORC 1. Operations 2. Reporting 3. Compliance Principles of Control Environment EBOCA 1. Ethics and Integrity 2. Board Independence and Oversight 3. Organizational Structure 4. Commitment to competence 5. Accountability Pri...

BEC CPA Exam (Module 1)

CPA Exam BEC Series-M (1).

BEC CPA Exam Review Question and answer 100% correct 2023Demand Curve Shift Upward (direct relationship-positive shift) The price of subsitute goods, expectations of price changes, income for normal goods, and extent of market Demand Curve Shift Downward (inverse relationship-neg. shift) The price of complement good, income for inferior goods, and consumer boycotts SWOT analysis strengths, weaknesses, opportunities, threats Three common measures of price inflation: 1. T...

CPA Exam (BEC B4) (1)

CPA Exam (BEC B6) (1

BEC CPA IT Exam Questions & Answers 2023/2024 Reasonableness Check - ANSWER-look at the values in 2 related fields to ensure that they are make sense as a unit A validity Check - ANSWER-compares the value entered in the field to a list of valid data COBIT - ANSWER-Control Objectives for Information and Related Technology Data mart - ANSWER-data warehouse that contains pre-configured data to meet the need of specific departments Digital signature - ANSWER-provide a means of authent...

CPA EXAM BEC Sole Proprietorship - ANSWER--Only one owner -Business is not a separate legal entity apart from owner -Owner does not share decision making power with others Advantages over other business structures - ANSWER--Simplest to form (no formal filings) and operate -Business can be sold without approval from others -Owner has right to make all business decisions -No need to share profits -Profits are taxed only once Disadvantages over other business structures - ANSWER--If ...

BEC CPA Exam Formulas_Ratios (1)