CPA Business Environment and Concepts (BEC) Help - Learn by Concept

Learn by Concept

Concepts

• CPA Business Environment and Concepts (BEC)

  • Corporate Governance

    • COSO Framework

    • ERM Framework

    • Principle of Internal Control

  • Economic Concepts & Analysis

    • Consumer Price Index

    • Globalization

    • Money, Banking Fiscal Policy

  • Economic Markets

    • Market Equilibrium

    • Market Structure

    • Supply and Demand

  • Financial Management Formulas

    • Calculate Discounts on Accounts Payable

    • CAPM Formula

    • Discounted Cash Flow Formula

    • Weighted Average Cost of Capital Formula

  • Financial Management Process

    • Cash Conversion Cycle

    • Periodic vs Perpetual Inventory Systems

    • Return on Assets, Equity, & Investments

    • Supply Chain/Reorder Point

  • Financial Risk Management

    • Financial Ratios

    • Financial Risk Types

    • SOX (Sarbanes Oxley) 2002

  • Information Technology

    • COBIT Model

    • Emerging Technologies

    • Hot Sites/Cold Sites

    • Risk and Controls

  • Operations Management: Budgeting

    • Breakeven Formula

    • Budgeting

    • Cost Volume Profit Analysis

    • Make or Buy Analysis

  • Operations Management: Cost Accounting

    • Absorption Costing

    • Activity Based Costing

    • Cost Accounting Variance Formulas

    • Job Costing

  • Operations Management: Performance Management

    • Direct Costs, Indirect Costs, & Manufacturing Overhead

    • LIFO, FIFO, & Weighted Average Inventory Methods

    • Variable vs Fixed Costs

  • Operations Management: Planning Techniques

    • Balance Scorecard and Benchmarking

    • Learning Curve

    • Risk Management

  • Technology Process Management

    • IT Governance

    • Process Management

    • Total Quality Management