Bec cpa - Study guides, Class notes & Summaries

BEC CPA Exam Formulas/Ratios Stated Interest Rate/ SAR/ Nominal Int. Rate - ANSWER-no calculation needed! EIR (effective int. rate) - ANSWER-EIR= Int. paid per period/net loan proceeds =((P*SAR)/#ofperiods)/net loan proceeds net loan proceeds= loan proceeds - compensating balance APR (annual percentage rate) - ANSWER-APR= EIR * periods in a year EAR (effective annual percentage rate) - ANSWER-EAR = (1 + EIR) -1 = (1 + (i/P)) ^P - 1 = ( (1+SR)/#ofperiods)^#ofperiods...

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 with secretary of state Articles of Incorporation are general. Bylaws: contain information about managing affairs of corporation. Bylaws are detailed. Common and Preferred Shareholders - ANSWER-...

BEC CPA Exam Chapter 1 Committee of Sponsoring organizations - ANSWER-- Independent private sector created in the mid 1980's to study the factors that led to fraulent financial reporting Internal Control - Integrated Framework - ANSWER--Used by a company's management and BOD to obtain initial understanding of what constitutes on effective IC - Provides confidence to external stakeholders - Principles based approach ( not black and white) - eveolved into 17 principles that are categ...

BEC CPA EXAM IT 2024 Final exam Questions and Answers

BEC CPA 2023 business process - ANSWER-is a set of related activities and tasks brought together to achieve a desired outcome. Typically, it is a series of tasks that culminate in a product, service, or business goal. operating processes - ANSWER-the activities related to the business's core objectives. Projects are related activities that either - ANSWER-(1) Are nonroutine (2) contribute directly to achieving the business's core objectives but only happen over an extended period...

BEC CPA EXAM REVIEW QUESTIONS AND ANSWERS WITH SOLUTIONS 2024

CPA Exam - BEC Final Review Questions And Answers Latest Update

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) - ANSWER-The price of complement good, income for inferior goods, and consumer boycotts SWOT analysis - ANSWER-strengths, weaknesses, opportunities, threats Three common measures of price inflation...

BEC CPA Exam Review.

BEC CPA Exam Review 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) - ANSWER-The price of complement good, income for inferior goods, and consumer boycotts SWOT analysis - ANSWER-strengths, weaknesses, opportunities, threats Three common measures of price inflation: - ANSWER-1. The Consumer Pri...