Professional Documents
Culture Documents
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BECKER
PROFESSIONAL EDUCATION
BECKER PROFESSIONAL EDUCATION COURSE DEVELOPMENT TEAM
Timothy F. Gearty, CPA, MBA, JD Editor in Chief, Financial/Regulation (Tax) National Editor
Angeline S. Brown, CPA, MAC Accounting Curriculum Manager, Audit/Financial/BEC National Editor
Tom Cox, CPA, CMA, CHFP , Financial (GASB & NFP) National Editor
Steve Levin, JD ..................................................... Regulation (Law) National Editor
John B. Pillatsch, MAS, CPA..... , ........................ Director, Course Development Operations
Pete Console ...................................................Director, Quality Assurance
Stephen Bergens Manager, Curriculum Quality Assurance
Anson Miyashiro .......................................... Course Production Manager
Al Glodan ................................................. Bookstore Purchasing Manager
Michelle McCubbins Course Production Project Manager
Joe Antonio ........................................ Course Production Project Manager
Jeff Rosier......................................... Course Production Project Manager
Brian Cave ........................................ Software Development Project Manager
Byron Gave.......................................... Quality Assurance Project Manager
Tim Munson Course Production Editor
Linda Finestone .......................................... Course Production Editor
CONTRIBUTING EDITORS
Eric J. Brunner, PhD
Chris Cocozza, CPA, JD, LLM
Robert A. DeFilippis, CPA, MBA
Jennifer B. Deutsch, CPA, MS
Mike Farrell, JD
Dennis J. Green, CPA, MBA
John S. Grayson, JD, CPA
Liliana Hickman-Riggs, CPA, CITP, CMA, CIA, CFE, MS
Donald A. Kaniecki, CPA, MBA
Cindy Lawrence, CPA, MBA
Seth Levine, CPA, MPrA, MBA, ABD
Edward McTague, CPA, MBA
Michael Meriwether, CPA, MBA
Peter Olinto, JD, CPA
Mike Potenza, JD
Ray Rigoli, CPA, MBA
Joshua M. Rosenberg, CPA, CFA, MBA
Jonathan R. Rubin, CPA, MBA
Christopher Severson, MPA
Jeffrey Sherman, JD, CPA (inactive)
Roberta Smith, CPA
Karen Tarbet, CPA, JD
Lisa M. Thayer, CPA
Permissions
Material from Uniform CPA Examination Selected Questions and Unofficial Answers, 1989, 1990, 1991, 1992, 1993,
1994, 1995,1996,1997,1998,1999,2000,2001,2002,2003,2004,2005,2006,2007,2008,2009,2010,and2011
copyright by American Institute of Certified Public Accountants, Inc., is reprinted and/or adapted with permission.
Any knowing solicitation or disclosure of any questions or answers included on any CPA Examination is prohibited.
Copyright 2011 by DeVry/Becker Educational Development Corp. All rights reserved.
Printed in the United States of America.
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Becker Professional Education I CPA EXdIll
Student:
Regulation
REGULATION
program attendance record
Location: _
REGULATION 1 REGULATION 2
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REGULATION 3 REGULATION 4
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REGULATION 5 REGULATION 6
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IMPORTANT NOTES TO STUDENTS REGARDING "THE BECKER PROMISE"
You must stamp this sheet at the end of each class attended. This is the only acceptable record of your classroom attendance.
An overall percentage correct of 90% or higher is required of the homework to qualify for The Becker Promise.
Please fax documentation to 866-398-7375 no later than 30 days following the completion of each section.
02011 DaVry/Bqcl!r DtweIQpment Clrp. All rights reserved. v
Regulation
vi
NOTES
Becker Professional Education I CPA ElCam Re\lJew
(J 2011 Educational Oevelopment COlp. All rlgllU reserved.
Becker Professional Education I CPA Exam
REGULATION
table af cantents
Regulation
Program attendance record v
Introduction Intra1
REGULATION 1
1. Individual taxation: Filing status Rl7
2. Individual taxation: Exemptions RI-I0
3. Individual taxation: Gross income Rl-15
4. Individual taxation: Capital gains and losses Rl-48
5. Task-based simulations Rl-71
6. Class questions Rl-75
REGULATION 2
1. Adjustments and itemized deductions R2-3
2. Tax calculations and credits R2-33
3. Individual taxation: Other taxes R2-49
4. Individual taxation: Other items R2-S5
5. Class questions .. R2-57
REGULATION 3
1. Ccorporations, depreciation, and MACRS R3-3
2. Small business corporations (S corporations) R3-52
3. Exempt organizations R360
4. Class questions R3-n
REGULATION 4
1. Partnership taxation R4-3
2. Estate, trust, and gift taxation R4-22
3. Ethics and professional responsibilities in tax services R4-43
4. Federal tax procedures and legislative process R4-68
5. Class questions R4-93
REGULATION 5
1. Contracts Rs-3
2, Sales" "" '" '" '" "" "" '" '" '" """"""""'" '" '" """""""""""""""" '" '" '" """ '" '" """"" '" """""""""" '" '" '" """'""" '" '" "" "" '" '5-31
3. Class questions Rs-47
C) 20U fdUQltlonal Development Corp. All rIghts reserved. vii
Regulation Becker Professional Education I CPA Exam Review
REGULATION 6
1. Commercial paper R6-3
2. Secured transactions R6-27
3. Suretyship & creditors
l
rights R6-42
4. Task-based simulations R6-53
S. Class questions R6-S7
REGULATION 7
1. Agency . R7-3
2. Bankruptcy R7-16
3. Securities regulation . R7-39
4. CPA legal liability R7-53
5. Class questions R7-59
REGULATION g
i. Sale proprietorship and joint venture Rs-3
2. General partnership Rs-4
3. Limited liability partnership....................................................................................................................................... . RS-1S
4. Limited partnership . Rs-16
5. Limited liability company RS-19
6. Corporation Rs-22
7. Employer-employee law Rs-41
8. Money laundering RB-S1
9. Antitrust law RB-S8
10. Dodd-Frank Act of 2010 RS-66
11. Copyrights and patents '8-70
12. Documents of title '8-74
13. Class questions Rs-79
Class question explanations CQ1
GJOSSQry Glossary1
Index Index-1
viii I:l 2011 DeVrv/BllcKc!r Dllvclollmllnl Corp. All rlshts
2. Becker's CPA Exam Review-Course introduction , Intro-7
Surviving the examination , ,., .. ".".".".".".".".""" ,., .. , , Intro-lS
Study planner , , I n t r o ~ 9
Intro-7
Intro-8
Intro-3
Intro-7
Introduction .
Lecture series , , .
CoursE' software , , .
COURSE INTRODUCTION
Textbooks , ,.. ,. , ,.. , " , " .. ,.. ,.. ,.. , ,.. ,.. ,, .
Study roadmap " , , , , , " , , , , lntro-9
Managing your stress before the examination ,.".", , , , ,.. ,.. , , , , Intro-l7
Flashcards and mobile flashcard applications , , , , , Intra-lO
Support center Intro-l2
The Uniform CPA Exam-Overview Intro-l3
Passing the CPA Exam , ,.. " , Intro-lS
1. Content specification outline .
Regulation
Intro-2
NOTES
Becker Professional Education I CPA Exam Revlf'w
o 20 II OeVry!Becker Educallonal Devl!loptnen! Corp All rlgltls r ~ ' v e d .
Becker Professional Education I CPA E"I(dtll R..,vhw
REGULATION CONTENT SPECIFICATION OUTLINE
REGULATION
3 hours
Regulation
I 35-40 minutes l I 60-70 minutes ~
60 Points