CPA Exam Prep (Part 2: BEC)

The BEC exam is designed to test the candidate's knowledge of the business environment and common business concepts and procedures. This exam, like all CPA exams, was developed to demonstrate the skills designed to protect the public interest.

Agenda:

• Corporate Governance
  • Internal control and enterprise risk management frameworks
  • Other regulatory frameworks and provisions
• Economic Concepts and Analysis
  • Economic and business cycles
  • Market influences on business
  • Financial risk management
• Financial Management
  • Capital structure
  • Working capital
  • Financial valuation methods and decision models
• Information Technology
  • IT Governance
  • Role of IT in business
  • Information security/availability
  • Processing integrity (input/processing/output controls)
  • Systems development and maintenance
• Concepts you will master in this chapter:
  • Cost measurement concepts, methods and techniques
  • Variance analysis
  • Process management
  • Planning techniques