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CPA BEC Formulas Exam Questions & Answers 2023/2024 
 
Weighted Average Cost of Capital - ANSWER-(Cost of Equity x % Equity in Cap Structure) + (Weighted Average Cost of Debt x % of Debt in Cap Structure) 
 
Weighted Average Cost of Debt - ANSWER-Effective Annual Interest Payments / Debt Outstanding...
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Add to cartCPA BEC Formulas Exam Questions & Answers 2023/2024 
 
Weighted Average Cost of Capital - ANSWER-(Cost of Equity x % Equity in Cap Structure) + (Weighted Average Cost of Debt x % of Debt in Cap Structure) 
 
Weighted Average Cost of Debt - ANSWER-Effective Annual Interest Payments / Debt Outstanding...
CPA Exam BEC Questions & Answers 2023/2024 
 
The fraud triangle includes each of the following, EXCEPT: 
 
A) Incentive. 
B) Collusion. 
C) Opportunity. 
D) Rationalization. - ANSWER-B) Collusion. 
 
According to COSO, which of the following issues should lead to the greatest concern regarding the ...
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Add to cartCPA Exam BEC Questions & Answers 2023/2024 
 
The fraud triangle includes each of the following, EXCEPT: 
 
A) Incentive. 
B) Collusion. 
C) Opportunity. 
D) Rationalization. - ANSWER-B) Collusion. 
 
According to COSO, which of the following issues should lead to the greatest concern regarding the ...
BEC – CPA Exam Questions & Answers 2023/2024 
 
COSO - ANSWER-committee of sponsoring organizations (COSO) - an independent private sector initiative, established in mid-1980s to study the factors that lead to fraudulent financial reporting 
 
includes: 
- American Accounting Association (AAA) 
- ...
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Add to cartBEC – CPA Exam Questions & Answers 2023/2024 
 
COSO - ANSWER-committee of sponsoring organizations (COSO) - an independent private sector initiative, established in mid-1980s to study the factors that lead to fraudulent financial reporting 
 
includes: 
- American Accounting Association (AAA) 
- ...
BEC CPA EXAM Acronyms Questions & Answers 2023/2024 
 
Internal Control Components - ANSWER-CRIME 
 
1. Control environment 
2. Risk assessment 
3. Information and communication 
4. Monitoring 
5. Existing control activities 
 
Categories of Objectives - ANSWER-ORC 
 
1. Operations 
2. Reporting 
3....
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Add to cartBEC CPA EXAM Acronyms Questions & Answers 2023/2024 
 
Internal Control Components - ANSWER-CRIME 
 
1. Control environment 
2. Risk assessment 
3. Information and communication 
4. Monitoring 
5. Existing control activities 
 
Categories of Objectives - ANSWER-ORC 
 
1. Operations 
2. Reporting 
3....
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 Inf...
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Add to cartBEC 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 Inf...
BEC CPA Exam Notes Questions & Answers 2023/2024 
 
SU 1 (18% of test) - ANSWER-Corporate Governance 
 
Basic Corporate Documents - ANSWER-Articles of Incorporation: Corp's name, # Share authorized, Address of Registered Office, Name of Registered Agent, Name and Address of each incorporator 
Filed...
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Add to cartBEC CPA Exam Notes Questions & Answers 2023/2024 
 
SU 1 (18% of test) - ANSWER-Corporate Governance 
 
Basic Corporate Documents - ANSWER-Articles of Incorporation: Corp's name, # Share authorized, Address of Registered Office, Name of Registered Agent, Name and Address of each incorporator 
Filed...
BEC CPA Exam Questions & Answers 2023/2024 
 
COSO Framework assists Management and the Board of Directors by: - ANSWER-Effectively applying Internal Control 
Determining the requirements of an effective system 
Allow judgement and flexibility in the design of I/C 
Identify and analyze risks, and de...
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Add to cartBEC CPA Exam Questions & Answers 2023/2024 
 
COSO Framework assists Management and the Board of Directors by: - ANSWER-Effectively applying Internal Control 
Determining the requirements of an effective system 
Allow judgement and flexibility in the design of I/C 
Identify and analyze risks, and de...
BEC CPA Exam Review Questions & Answers 2023/2024 
 
Demand Curve Shift Upward (direct relationship-positive shift) - ANSWER-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) - A...
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Add to cartBEC CPA Exam Review Questions & Answers 2023/2024 
 
Demand Curve Shift Upward (direct relationship-positive shift) - ANSWER-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) - A...
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