cpa users guide

8/6/2019 CPA Users Guide

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WILEYCPAExamination Review

Practice

Software 12.0

USERS GUIDE

O. Ray Whittington, CPA, PhD

Patrick R. Delaney,CPA, PhD

Wiley Accounting SoftwareSolutions at Your Command

JOHN WILEY & SONS, INC.


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Material from Uniform CPA Examination Questions and Unofficial Answers, 1977 through 20006 copyright by American Institute

of Certified Public Accountants, Inc. is reprinted (or adapted) with permission.

Material from the Certified Internal Auditor Examination, Copyright 1994 through 1997 by the Institute of Internal Auditors, Inc.

are reprinted and/or adapted by permissions.

Material from the Certified Management Accountant Examinations, Copyright 1993 through 1997 by the Institute of Certified

Management Accountants are reprinted and/or adapted by permission.

SYSTEM REQUIREMENTS:

PC with a Pentium 133 MHz or higher microprocessor

Windows 2000/XP

32 MB RAM for Windows 2000; 64 MB RAM for Windows XP

CD-ROM drive

Available Hard Disk Space

70 MB for Windows 2000/NT 4.0/XP users

Copyright 2007 by John Wiley & Sons, Inc. All rights reserved.

Designations used by companies to distinguish their products are often claimed as trademarks. In all instances where John Wiley &

Sons, Inc. is aware of a claim, the product names appear in initial capital or all capital letters. Readers, however, should contact the

appropriate companies for more complete information regarding trademarks and registration.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey

Published simultaneously in CanadaNo part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic,

mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States

Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-

copy fee to the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, 978-750-8400, fax 978-646-8400, or on the

Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John

Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, 201-748-6011, fax 201-748-6008, or online at

http:/www.wiley.com/go/permissions.

Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they

make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically

disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by

sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation.

You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or

any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

For general information on our other products and services or for technical support, please contact our Customer Care Department

within the US at 800-762-2974, outside the US at 317-572-3993 or fax 317-572-4002.

ISBN 978-0471-79872-X (Complete Exam, CD-ROM)

ISBN 978-0471-79777-4 (Audit & Attest., CD-ROM)

ISBN 978-0471-79782-0 (BEC, CD-ROM)

ISBN 978-0471-79786-3 (FAR, CD-ROM)

ISBN 978-0471-79792-8 (Regulation, CD-ROM)

THE PURCHASER MAY MAKE BACKUP COPIES FOR HIS/HER OWN USE ONLY AND NOT FOR DISTRIBUTION OR RESALE. THE PUBLISHER

ASSUMES NO RESPONSIBILITY FOR ERRORS, OMISSIONS, OR DAMAGES, INCLUDING WITHOUT LIMITATION DAMAGES CAUSED BY THE

USE OF THESE FORMS OR FROM THE USE OF THE INFORMATION CONTAINED THEREIN.

Printed in the United States of America

10 9 8 7 6 5 4 3 2 1


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Notes to CPA Candidates

THE EXAMINATION

The Uniform CPA Examination is delivered in a computer-based format. The final paper-basedversion of the CPA exam was given in November 2003. You may take the exam one section at a time. Asa result, your studies can be focused on that one section, improving your chances for success. In addition,the exam is no longer offered twice a year. During eight months of every year, you may take the exam onyour schedule, six days a week and in the morning or in the afternoon.

Beginning May 1996, the Uniform CPA Examination became nondisclosed. For each exam section,candidates are required to sign a Statement of Confidentiality, which states that they will not divulge the

nature and content of any exam question. Additionally, the AICPA has issued an Interpretation of Rule501, Acts Discreditable to the Profession, which likewise forbids AICPA members from soliciting or dis-closing information concerning the nature or content of specific exam questions or answers.Good luck on the exam.

Auditing Modules 1, 2, and 3

Contrary to its stated examination policy, the AICPA recently indicated that it will not be able to update theAuditing and Attestation section to cover the new risk assessment auditing standards until July 2007.Based on this decision, you will find two sets of the Auditing Modules 1, 2, and 3. One set is based on thenew changes that will be tested in July 2007. The other set is for the Auditing and Attestation sectionbefore July 2007 (the old auditing standards).


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CONTENTS

CHAPTER 1 GETTING TO KNOW WILEY CPAEXAMINATION REVIEW 12.0 FOR WINDOWS 1SPECIAL FEATURES 1INSTALLING WILEY CPAEXAMINATION REVIEW 12.0 1

Single User Installation Instructions 1Network Installation Instructions 2Wiley CPA Examination Review 12.0 Uninstall Utility 2

STARTING THE WILEY CPAEXAMINATION REVIEW 12.0 IN WINDOWS 2

CHAPTER 2 GETTING STARTED 3GENERAL INFORMATION 3

Moving Around with the Mouse 3Moving Around with the Keyboard 3

EXAM SELECTION SCREEN 3Topics Available 3Mode Selection 3Saving and Using your Answers 4

EXAM SELECTION SCREEN MENU BAR 4File Menu 4View Menu 5Mode Check Boxes 5Help Menu 5

CHAPTER 3 TAKING AN EXAM (EXAM MODE) 6EXAM MODEMULTIPLE-CHOICE QUESTIONS 6

Multiple-choice Exam Toolbar 6Multiple-choice Questions 6Multiple-choice Exam Navigation Bar 6

EXAM MODESIMULATION QUESTIONS 7Simulation Toolbar 8Simulation Questions 8

CHAPTER 4 STUDYING FOR AN EXAM (STUDY MODE) 10QUESTION SELECTION SCREEN 10

Available Question Window 10Buttons 10

STUDY MODEMULTIPLE-CHOICE QUESTIONS 11Multiple-choice Study Menu 11

File Menu 11View Menu 11Bookmark Menu 12

Multiple-choice Study Toolbar 13STUDY MODESIMULATION QUESTIONS 13

CHAPTER 5 REPORTING 14REPORTINGTOOLBAR 14REPORTS 14

Exam Results 14Progress 15Results by Modules 15Incorrect Questions 15View Incorrect Selection Answers 15View Incorrect Text Answers 15View Essay Answer # 15

CHAPTER 6 GENERAL INFORMATION 16KEYBOARDSHORTCUTS 16CUSTOMERSUPPORT 16TECHNICALSUPPORT 16


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Chapter 1 Getting toKnow Wiley CPA Examination Review12.0 for Windows

Special Features

The Wiley CPA Examination Review 12.0 for Windows conforms to exam specifications effective April2004, contains all current AICPA content requirements in each subject, and covers all question forms and

formats, including simulations.

The over 2,900 multiple-choice questions are linked to text specific material in the CPA Examination Review textbooks and organized in the same 45 manageable study modules. TheTextLink information provides you with complete coverage and explanation of the topics. Thisfeature can be accessed by pressing F3 from the multiple-choice screen in Study Mode.

In Study Mode you can structure and monitor your study time based on your own objectives.

The Exam Mode simulates actual exam conditions.

Customizable question selections let you concentrate on specific exam sections, question types, andquestion status (not seen before, answered incorrectly, and so forth).

Explanations of answers reinforce your understanding of correct answers and show you whyincorrect answers fall short.

Diagnostic feedback on user performance helps you focus on areas where you need the most work. Printing options let you keep studying when you cant be near your computer.

Installing Wiley CPA Examination Review 12.0

System Requirements

PC with a Pentium 233 MHz or higher microprocessor Windows 2000/XP 32 MB RAM for Windows 2000; 64 MB RAM for Windows XP CD-ROM drive 70 MB of available hard disk space

SINGLE USER INSTALLATION INSTRUCTIONS

To run the SETUP procedure, please do the following:

CD-ROM Installation

1. Place CD-ROM into the CD-ROM drive.2. From the Start menu, select RUN.

3. Type: D:\SETUP (where D is the letter of your CD-ROM drive)4. Press Enter.5. The installation process will begin.

The installation procedure consists of a series of questions and answers. You may cancel the operationat any time by clicking on the Cancel button.

The installation process is completely menu driven, with occasional prompts for the names of directo-ries and disk changes. Simply follow the prompts on the screen. The SETUP program will search yourhard drive for existing versions of the Wiley CPA Examination Review 12.0. If this is the first time you

have installed the Wiley CPA Examination Review 12.0 on your machine, a full installation will be initiated.If the program finds an existing version, you will be prompted to overwrite (if an update) or you will begiven the option of selecting a new directory in which to install this program. Otherwise, the program willprompt you with a default directory, which you can change if you wish.

The installation process will now copy the Wiley CPA Examination Review 12.0 program from CD-ROM to the designated directory with the selected installation mode.

You are now ready to begin. We hope you enjoy studying with the Wiley CPA Examination Review12.0.


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Getting to Know Wiley CPA Examination Review2

NETWORK INSTALLATION INSTRUCTIONS

Please call customer support for pricing and network licensing.

To install the Network Version ofWiley CPA Examination Review 12.0, select Network Install whenasked the type of install to conduct. This will install the full application to the network drive you selectedand can take up to thirty minutes to perform.

In addition to this, the file Workstation Setup.Exe will be loaded onto the network. To install theapplication on the workstation, run this setup.

The Workstation Setup.Exe will install the needed files for the individual user to run the application.

Setting up Individual Workstations

1. Place CD-ROM into the CD-ROM drive.2. From the Start menu, select RUN.

3. Type: F:\Workstation SETUP (where F:\ is the path and location of the network install.4. Press Enter.5. The installation process will begin.

WILEY CPA EXAMINATION REVIEW UNINSTALL UTILITY (UNWISE.EXE)

The Uninstall utility will automatically be installed when you complete the Wiley CPA Examination Review12.0 installation. If you have installed Wiley CPA Examination Review 12.0 into a directory on your hard

drive called C:\Program Files\Wiley\CPAEXAM, then the Uninstall utility will be located there.

Steps for running the Uninstall utility

1. Locate the directory in which Wiley CPA Examination Review 12.0 was installed. Go to thisdirectory in Explorer, and double-click on the UNWISE.EXE file located there. This executable islocated in the same directory as WILEYCPA.EXE.

2. The Uninstall will display a Welcome...message, asking you if you want to continue or not. ClickYes to continue, No to cancel the Uninstall.

3. If the Uninstall cannot find the key Wiley CPA Examination Review 12.0 files (such asWILEYCPA.EXE), it will display a message telling you that it could not do so, and ask you if youwant to continue or not. You may get this message if you started an Uninstall previously, and itdid not complete successfully. Click Yes to continue, or No to cancel the Uninstall.

4. When you click Yes, the Uninstall will automatically begin deleting files from the Wileydirectory. It will delete all of the standard program files (*.EXE, *DLL, etc.) without promptingfor confirmation.

5. If the Uninstall comes across user-created files (such as the Answer *.ANS files), it will promptyou whether or not to delete them. Whenever it prompts you to delete a file, it will give you fivedifferent options:

Yes Deletes this file and only this file.Yes to All Deletes this file, and all (remaining) files with this same extension.

No Does not delete this file.No to All Does not delete this file or any other (remaining) files with this extension.Cancel Cancels (aborts) the Uninstall.

6. After you have been prompted to delete the user-created files, the Uninstall will attempt to removeremaining subdirectories, as well as Windows program groups and icons referring to Wiley CPAExamination Review 12.0.

7. Based on whether or not Setup was able to remove all of the files pertaining to Wiley CPAExamination Review 12.0, it will display one of two messages:

a. Wiley CPA Examination Review 12.0 has been successfully removed from your hard drive.b. Wiley CPA Examination Review 12.0s Uninstall Utility successfully removed all program

files but left some files behind as instructed.

Starting the Wiley CPA Examination Review 12.0 for Windows

Upon completion of the installation process, the Wiley CPA Examination Review 12.0 program will beadded to your Start Menu and Desktop. Select Wiley from the Start Menu or double-click the desktop iconto access the Wiley CPA 12.0.


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Chapter 2 Getting Started

General Information

MOVING AROUND WITH THE MOUSE

There are three different types of selectors in the Wiley CPA Examination Review 12.0 program: Menus,Menu Options, and Buttons. Each is selected differently.

To select a Menu from a menu bar (e.g., File Menu) move the mouse so that the pointer is positionedon the desired menu and click the left button on the mouse. This will pull down the menu and display themenu options.

To select a Menu Option (e.g., Print from the File Menu) move the mouse so that the pointer is posi-tioned on the desired option and click the left button on the mouse to execute.

To select a Button, move the mouse pointer to the desired button and click the left button on themouse. This will select and execute the button.

To position the cursor in an Entry or Edit field, move the mouse so that the pointer is on the desiredfield and click the left mouse button. The cursor will position itself in the entry field and you may begintyping.

MOVING AROUND WITH THE KEYBOARD

There are four different types of selectors in the Wiley CPA Exam program: Menus, Menu Options, Hot

Keys, and Buttons. Each is selected differently.There are two ways to select a Menu from the Menu Bar (e.g., File Menu):

1. One way is to press ALT and the underscored letter of the command name (i.e., ALT and F for theFile Menu). This will pull down the Menu and display the Menu Options.

or2. Press the ALT key and use the left and right arrow keys to highlight the appropriate menu com-

mand (i.e., File, Edit, View, Search, Help) and Enter to display the Menu Options.

To select a Menu Option (e.g., Print from the File Menu), use the arrow keys to highlight the desired optionand Enter to execute. The Spacebar may also be used to execute a selected option.

Tip: Type the underscored letter of the option to execute that option.

To activate a Hot Key, press Ctrl and the letter indicated (e.g., Ctrl and S for Save As). Or use the Tabkey to highlight the desired button and Enter to execute.

Tip: Press the Ctrl key and the letter S simultaneously to execute Save As.

Exam Selection Screen

The Exam Selection Screen allows you to select a section for study and determine whether you will studythat section in Study Mode or take a simulated exam in Exam Mode. The following information explainsin detail how to use this screen.

TOPICS AVAILABLE

The four sections listed below are available for use in this study program. The first section listed in the

Select an Exam Section window of the Exam Selection Screen is the default section and will be high-lighted each time you open the product. If you wish to select another available section, either click on orhighlight the applicable section.

Auditing and Attestation

Regulation

Financial Accounting and Reporting

Business Environment and Concepts

MODE SELECTION

The Wiley CPA Exam is a study tool that can be run in either Exam or Study Mode.


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Getting Started4

Exam Mode

The Exam Mode walks you through a sample examination applicable to the section selected. It simulatesactual exam conditions, complete with a timer/clock that shows your time remaining for completing theexam. When you select Exam Mode you will be given an exam of randomly selected questions from all ofthe questions available for the chosen section. The number of questions you will view depends on thesection selected.

Study Mode

The Study Mode is designed to provide you with the tools to zero in on areas that need work and selectquestion types based on your criteria. In the Exam Selection Screen, click on Study Mode to begin study-ing.

In either mode, the Answer File Selection box will appear when the button is selected. The AnswerFile Selection box allows you to use a previous answer file or begin study with a new answer file. If ExamMode is selected, the next screen will be the first question of the exam. If Study Mode is selected, the nextscreen will be the Question Selection Screen.

SAVING AND USING YOUR ANSWERS

The Wiley CPA Examination Review will save the results of each study and exam session. Upon opening asession, you will be prompted to choose the name of an answer file. The first time in, choose New Answer

File and name the file appropriately (up to twenty-five characters). It may be useful to distinguishbetween study and exam mode answer files in the file name. Each subsequent time you run the programyou can then choose from new or existing answer files.

To allow for the use of the Automatic Question Selection Criteria, you should try to save each sessionto the same file. We allow the use of multiple answer files to give you flexibility and allow you to tailoryour study sessions.

You may, for example, want to save each title that you study to a different answer file. You may alsowant to save study sessions and exam sessions to different answer files. You can then use the exam answerfile during a study mode to select from all of the questions you answered incorrectly on the exam.

If you select New Answer File, you will then go to the Question Selection Screen (for Study Mode) orthe first question in your exam (Exam Mode). If you choose Existing Answer File, select an available an-swer file from the drop-down list.

Select an answer file name and choose OK. You then have the option of starting where you left off inthe old session or starting a new session. If you elect to resume, you will be taken to the last question youwere on in the old session. Otherwise, you will be taken to the first question in Exam Mode or the Ques-

tion Selection Screen in Study Mode.

Exam Selection Screen Menu Bar

FILE MENU

Save As

This option allows you to rename the current answer file and save it as a separate answer file. All previousstudy or exam sessions, including the most recent session, will be saved under both file names.

Exit

Exits Wiley CPA Examination Review to Windows. You will be prompted to confirm that you do want toleave the program.

VIEW MENUStatus Bar

Toggles the status bar on and off.

Study Mode Explanation

The Wiley CPA Examination Review program defaults to display answer explanations automatically instudy mode. Once an answer is selected, it can be changed, but the first answer is the answer logged forreporting purposes. You can change the default setting by toggling this option.


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Getting Started 5

MODE CHECK BOXES

Exam Mode

Select Exam Mode to run an Exam of randomly selected questions.

Study Mode

Select Study Mode to study specific sets of questions.

HELP MENU

Contents

Choosing Contents will take you to the Help Table of Contents where you can choose a help topic.

Search for Help on

This help feature allows you to find help on key topics by entering the topic or scrolling through the list ofavailable topics.

Getting Started

This help option will take you directly to the Getting Started section of Help.

Technical Support

Accessing this option will provide you with Technical Support information for the Wiley CPA Exam prod-uct.

About Wiley CPA Exam

The About Screen indicates the version ofWiley CPA Exam.


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Chapter 3 Taking an Exam (Exam Mode)

The Exam Mode simulates actual exam conditions. The following are the number of questions and timelimit for each section:

Section Name Time Limit QuestionsAuditing and Attestation 270 minutes 90 multiple choice + 2 simulationsRegulation 180 minutes 60 multiple choice + 2 simulationsFinancial Accounting and Reporting 240 minutes 60 multiple choice + 2 simulationsBusiness Environment and Concepts 150 minutes 75 multiple choice

Exam ModeMultiple-Choice QuestionsAll exams start with multiple choice questions.

MULTIPLE-CHOICE EXAM TOOLBAR

At the top of this screen is the toolbar. Next to the John Wiley logo is the section name (in this caseAuditing and Attestation) and below it, the current question and total number of questions in this exam.Next on the toolbar is the Time Remaining panel. This tracks how much time is left for taking the exam.The exam will not stop when time runs out but the Time Remaining will become negative (to indicateamount of extra time taken).

On the right side of the toolbar are the following tools:

Opens the Windows Calculator.

Opens this help file.

To quit this exam and go back to the initial selection screen,click this button. A message will pop up asking if you

would like to save the current session. Click Yes to save andreturn to the initial screen. Click No to return to the initialscreen without saving. Clicking Cancel to stay on thecurrent screen.

Click Exit to quit the exam software. A message will pop upasking if you would like to save the Answer File. Click Yesto save and exit. Click No to exit without saving. ClickingCancel to stay on the current screen.

MULTIPLE-CHOICE QUESTIONS

The center section of the Exam screen contain the question and answer selections. Select the correctanswer by clicking the radio button next to your choice.

MULTIPLE-CHOICE EXAM NAVIGATION BAR

The navigation bar at the bottom of the Exam screen enables movement between questions. Clicking theEnter key on the keyboard will also move to the next question.

The Mark for Review button marks a question for later review. Clicking this button will cause the currentquestion to be bolded and underlined in the question numbers to the right of the button. Once a question


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Taking an Exam 7

has been marked for review, the button caption will change to Unmark for Review. Clicking the buttonwill then causing the current question number to return to its normal look.

HINT: If you are unsure of the answer to a question, mark it for review and come back to it later if timeremains.

To the right of the Mark for Review button are the question numbers of all exam questions along withNext>> and


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Taking an Exam8

SIMULATION TOOLBAR

At the top of this screen is the toolbar. Next to the John Wiley logo is the section name (in this caseAuditing and Attestation). Below that is the category this question is part of. The third link contains thecurrent question and total number of questions in this exam. Next on the toolbar is the Time Remaining

panel. This tracks how much time is left for taking the exam. The exam will not stop when time runs outbut the Time Remaining will become negative (to indicate amount of extra time taken).


Copies selected text to the Windows clipboard.

Pastes text from the Windows clipboard into the selectedfield.

Opens the Windows Calculator.

Opens spreadsheet application for doing spreadsheetcalculations.

Not available in current version of the Wiley CPAExamination Review product.


Splits the screen into a top and bottom section. The topsection contains the tabs with information about thesimulation. The bottom section contains the tabs withquestions to be answered.

To quit this simulation and go back to the initial selectionscreen, click this button. A message will pop up to confirmquitting this simulation. Click Yes to quit and return to theinitial screen. Click No to stay on the current screen.

Click Done to move on to the next simulation or the reports.A message will pop up asking for confirmation beforemoving on (you will not be able to come back to thesimulation). Click Yes to save and continue. Click No tostay on the current screen.

SIMULATION QUESTIONS

There are many different types of questions presented in simulations. The initial tab or tabs containinformation about the simulation which will be necessary for answer the questions contained on the rest ofthe tabs. The type of questions include the following:

Yes/No or True/False type questions These questions contain a checkbox that can be eitherchecked or not checked. This type question is graded and will appear as part of the final grade for

the exam. Multiple choice questions Multiple choice questions can take various formats within the

simulation questions. In some instances, a drop down list of possible answers will be presentedand the correct answer should be chosen. Another multiple choice presentation includes a gridwith select choices for letters defined in a table above questions. Click the box with the letter thatanswers the question. This type question is graded and will appear as part of the final grade forthe exam.

Short answer questions For this type question, a text box is displayed for entering the useranswer. The answer may be a number determined by a calculation, a citation reference, or a singleword. This type question is graded and will appear as part of the final grade for the exam.


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Taking an Exam 9

Essay questions Essay questions are long text answers. This type question is not graded but therecommended answer is displayed along with the user answer in the reporting section.

Form questions Form questions require the user to fill out government forms. To fill in theform, click in the area where an answer is required and type the value in. You can also navigateusing the arrow keys on your keyboard. This type question is not graded but the recommendedanswer is displayed along with the user answer in the reporting section.

Table questions Table questions require the user to enter data into an empty grid. This questiontype is used for journal entries or other grid type questions. Most questions of this type are graded

and also have the recommended answer is displayed in a table in the reporting section.


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Chapter 4 Studying for an Exam (Study mode)

Question Selection Screen

The Question Selection Screen is available only if the Study Mode has been selected in the Exam SelectionScreen. This screen allows you to decide which modules and question types you will work with duringyour study session. Questions are selected from the Available Question window and loaded into the Se-lected Question window before you can begin the study session. The Question Selection (? Selection)button accesses a special feature that allows you to establish the question selection criteria for the studysession.

AVAILABLE QUESTION WINDOW

This window displays the available modules and their associated question types based upon the sectionselected in the Exam Selection Screen. To view the associated question types, double click on a modulename and the question types associated with that module appear. For example, if you selectInternal Con-

trol from the Auditing and Attestation Section you will get subsections for Multiple-Choice and Simula-tions. Double clicking on one of these subsections will expand the available questions list.

To select more than one question at a time, hold down the Control (Ctrl) key and click the mouse onthe applicable questions or hold down the Shift key and click the mouse over a large block of questions.

BUTTONS

This button accesses a special feature of this program, the Automatic Question Selection Screen. Thisfeature provides you with the tools to concentrate your study session on areas that need work. The Auto-matic Question Selection Screen is comprised of three sections: Question Quantity or Percentage by Type,Question Criteria, and Modules. These sections allow you to control the number of questions asked by typeand in total, plus determine the criteria for question selection from the Available Question window.

The Question Quantity or Percentage by Type section lists the two question types: Multiple-Choiceand Simulation. You determine the number of questions or percentage of questions from each questiontype by entering the applicable number or using the arrow keys located next to the edit box to increase ordecrease the number of questions to be asked.

The Question Criteria section allows you to limit which questions may be selected for your study ses-

sion through the use of available criteria limits. You may select from all questions, limit to those not yetseen, or limit by number of times seen. If you wish to review questions already answered, you can limit bythe number of times answered correctly or incorrectly. You may enter the applicable number in any nu-meric edit box or use the arrow keys located to the right of the box to increase or decrease the number.

Once OK is selected, the criteria entered in this screen is used to select questions from the AvailableQuestion window and place the questions in the Selected Question window. Once the selection process iscomplete, a message box appears indicating the number of questions that meet the criteria as set forth in theAutomatic Question Selection Screen.

Once questions are selected in the Available Question window, you may use the Add Selected Questionsbutton to load only the highlighted questions into the Selected Questions window.

TheAdd All Questions button selects all questions from every available module in the Available Questionwindow. Depending on the amount of questions and your computers memory constraints, this may takeapproximately thirty seconds to select and load the information in the Selected Question window.


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Studying for an Exam 11

To select a question for removal from the Selected Questions window, click on the entry with your mouse.To select more than one entry at one time, hold down the Control (Ctrl) key as you click on entries with

your mouse. Then click on theRemove Selected Questions button.

This option will remove all questions from the Selected Questions window. LikeAdd All Questions, thismay take approximately thirty seconds to remove all the questions.

This button begins the study session.

Study ModeMultiple-Choice Questions

The Multiple-Choice question screen is a basic question and answer screen. The question appears in thetop half of the screen. The choices appear in the lower half of the screen. To mark a choice as an answerin either Study or Exam Mode, click in the circle to the left of the choice or on the text of your choice. InStudy Mode, you may click anywhere on the screen to clear the Answer Explanation.

Also while in Study Mode, you may request a hint by selecting the Hint button (lightbulb) or by ac-cessing the hint through the View pull-down menu. Close the hint by clicking anywhere on the screen.You can get additional question-specific help by selecting TextLink from the View menu or by using theF3 keyboard shortcut.

NOTE: For the purposes of grading in Study Mode, when you first select a particular choice, that answeris entered and saved as your official answer to that question. Even if you then change your answer, thefirst answer is what is kept. You may change your answer selection as many times as you want. Only yourfirst answer is what will show on the Exam Reports.

MULTIPLE CHOICE STUDY MENU

File Menu

Exam SelectionThis option will return you to the Exam Selection Screen, where you can either choose another section tostudy or choose Exam Mode to begin an exam simulation.

Question Selection

Choose this option to return to the Question Selection Screen, where you can then select another set ofquestions to study. This option is available only in Study Mode.

Save As

This option will allow you to rename the answer file and save it as a separate file. All previous study orexam sessions, including the most recent session, will be saved under both file names.

Print

Choose this option to print selected questions, your current test, answer explanations, hints, and text links.

Exit

Choose Exit to leave the Wiley CPA Exam. You will be prompted to confirm so you do not exit a sessionaccidentally.

View Menu

Graphics

Choosing this option will open a graphics screen with a graphic that pertains to the current question, ifavailable.


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Studying for an Exam12

Previous Question

Choosing this option will move you back one question. This function is not available when you are on thefirst question.

Next Question

Choosing this option will move you forward one question. When you are on the last question and chooseNext you will view a progress report.

Reports

Choose reports to view your grading history. Keep saving your work to the same file to get an overview ofyour progress.

Results for the last seven sessions plus a combined report will be shown for either Exam Mode orStudy Mode, whichever you are running.

NOTE: If you go back to the exam from the report screen and then reenter the report screen, a new reportwill be generated.

Pause

If at any time you need to stop the timer, you may choose Pause to do so. This will disable question navi-gation and answering of questions until the timer is resumed. Also, the timer will stop until it is resumed.

Calculator

If you have the Windows Calculator installed, you may access it by choosing this option. Alternately, you

may press F6 to load the calculator.

Status Bar

This option toggles to show the status bar or not.

Display Explanations

This option toggles whether the explanations will be viewed in the Multiple-Choice and Simulations.

The following options will only be found on the View Menu in a Multiple-Choice Question.

Hint

Click on Hints to see additional information related to the particular question. Press [Esc] or click any-where on the screen to close the hint.

TextLink

Click on Textlink to link to text specific material and graphics in the CPA Examination Review. TheTextLink information provides you with complete coverage of the topics.

Feedback

Click on Feedback to see the explanations.

The following options will only be on the View Menu in written communication requirement of a Simula-tion.

Answer

Click on the Answer link to view the question answer and compare your response.

Explanation

Click on the Explanation link while in Study Mode to view answer explanations.

Exam ResultsClick on Exam Results to be taken directly to the Reports.

Bookmark Menu

Add Mark

Choosing this option will bookmark the current question. You can add any notes to this question by en-tering them in the notes box located at the bottom of the screen and then bookmark the question by select-ing this option or click the Bookmark button (book icon in lower left corner). Once bookmarked, thequestion will be added to a list of bookmarked questions located in the pull-down box located in the lowerright-hand corner. To return to any of these bookmarked questions, select the appropriate question fromthe list or use the navigation buttons located in the top row of buttons.


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Studying for an Exam 13

Previous Marked Question

Choosing this option will move you back to the previous bookmarked question.

Next Marked Question

Choosing this option will move you forward to the next bookmarked question.

MULTIPLE CHOICE STUDY TOOLBAR

Under the menu at the top of the multiple choice screen in study mode is the toolbar.



Opens a new window containing the Text Link. The TextLink is information about the question that explains thequestion and provides study information.

Pops up a quick hint to help the user determine the correctanswer.

If the user is navigating within the bookmarks, clicking herereturns to the previous bookmarked question. (Button isdisabled if no questions are bookmarked).

Displays the previous question.

Starts and stops the timer.

Displays the next question.

If the user is navigating within the bookmarks, clicking hereloads the next bookmarked question. (Button is disabled if

no questions are bookmarked).Displays the print screen to print current question or exam.

Click Question Selection to go to the Question Selectionscreen to choose new questions. A message will pop upasking if you would like to save the Answer File. Click Yesto save and return to the Question Selection screen. ClickNo to return without saving. Clicking Cancel to stay on thecurrent screen.

Click Exam Selection to return to the Exam Selectionscreen. A message will pop up asking if you would like tosave the Answer File. Click Yes to save and return to ExamSelection. Click No to return without saving. Clicking

Cancel to stay on the current screen.Click Exit to quit the exam software. A message will pop upasking if you would like to save the Answer File. Click Yesto save and exit. Click No to exit without saving. ClickingCancel to stay on the current screen.

Study ModeSimulation Questions

Simulations function basically the same in Study and Exam mode. The only difference is in Study mode,the answer for each question displays after typing or selecting an answer. Explanations for forms andessays are available by clicking the View Answer link on the toolbar for questions where available.


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Chapter 5 Reporting

When you have finished an examination (in either Exam or Study mode), the reports screen will display.Many different types or reports are available to give the user feedback and help determine areas of strengthand weakness. The reports which are available is determined by the questions presented in the exam.Some reports are specific to the multiple choice section of the exam and some are simulation specific. Thesimulation reports depend on the type of questions presented in the simulation(s) taken by the user. TheView menu on the report screen will list all reports available for the exam taken.

Reporting Toolbar

Under the menu at the top of the reports screen is the toolbar. The toolbar contains the following items:


Choosing this will create a new Exam or Study session usingonly the multiple-choice questions that were answeredincorrectly during the current session.

After selecting, you will be asked to confirm that this iswhat you want to do. Select OK to create the new session orCancel to return to the current session.

WARNING: Once you select OK to create a new session,the current session will no longer be valid.Click this to print the current report shown on the screen.

Click this button to return to the last question on the exam.

Click Question Selection to go to the Question Selectionscreen to choose new questions. A message will pop upasking if you would like to save the Answer File. Click Yes

to save and return to the Question Selection screen. ClickNo to return without saving. Clicking Cancel to stay on thecurrent screen.

Click Exam Selection to return to the Exam Selectionscreen. A message will pop up asking if you would like tosave the Answer File. Click Yes to save and return to ExamSelection. Click No to return without saving. ClickingCancel to stay on the current screen.

Click Exit to quit the exam software. A message will pop upasking if you would like to save the Answer File. Click Yesto save and exit. Click No to exit without saving. ClickingCancel to stay on the current screen.

ReportsEXAM RESULTS

The Exam Results report bases your grade on the total number of questions selected. Your percent correctis calculated by dividing the total problems on the exam (answered or not) with the number of questionscorrectly answered. The two types of questions, multiple-choice and simulations, are calculated separately.

Simulation questions are graded depending on one of three format types.

1. Questions that have text box response fields (e.g., the Evidence simulation) are graded automati-cally.

2. Questions that have selection choices (i.e., check boxes, drop-down lists, and radio buttons) aregraded automatically.


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Reporting 15

3. Questions with essays, forms, tables without text boxes (e.g., the Bonds simulation) are self-graded.

PROGRESS

The Exam Progress report bases your grade on the total number of questions you attempted to answer. Anymultiple-choice question skipped over with no answer being selected is not included on this report. Thesimulations are based on the exact number of question in the exam. The progress of the simulations is thesame result as the Exam Results report.

Both the Exam Results and Exam Progress reports keep track of your last three study or exam sessionsas long as the same answer file is used for all sessions.

RESULTS BY MODULE

The Results by Module report breaks down your current testing session by the individual modules inyour current Study or Exam session.

INCORRECT QUESTIONS

The Incorrect Questions List report gives you a list of the questions that were answered incorrectly alongwith your answer to that question. Click on the Error Re-Test button to create a session containing only thequestions that were answered incorrectly.

Please note that the Incorrect Question Report does not include any simulation questions.

WARNING: Choosing Error Re-Test will create a new session for either Study or Exam Mode.

The current session will no longer be valid.

VIEW INCORRECT SELECTION ANSWERS

This report lists the incorrect selection simulation answers. Selection questions are those questionswhere the user clicks an answer (radio, checkbox, list selection) instead of typing an answer. This report isaccessed via the View menu.

VIEW INCORRECT TEXT ANSWERS

This report lists the incorrect text simulation answers. Text questions are those questions where theuser types an answer into a text field (including some forms and tables). This report is accessed via theView menu.

VIEWESSAYANSWER #

The View Essay Answer # report displays a window containing both users essay answer along with therecommended answer. There will be one Answer # for each essay question that the user answered. Thisreport is accessed via the View menu.


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Chapter 6 General Information

Keyboard Shortcuts

Many functions can be activated by using keyboard shortcuts. The following chart shows shortcuts forsome frequently used functions. Note that you can move from question to question by clicking on the ar-row icons at the top of the screen or by hitting the shortcut keys listed below, or by hitting Enter. Open thepull-down menus at the top of each screen for more keyboard shortcuts.

Tip: To activate a shortcut, press the Control key and letter or key at the same time. For example, to moveto the Next Question, press the Control and the Right arrow key simultaneously.

Screen Function Keyboard ShortcutAll question screens Previous Question Ctrl+P

Next Question Ctrl+NToggle between Testand Report Screen Ctrl+R

Add Mark Ctrl+APrevious BookmarkedQuestion Ctrl+F

Next Bookmarked

Question Ctrl+JPauseCalculator

Ctrl+LF6

Multiple-ChoiceQuestions

Study Mode

FeedbackHintText Link

Ctrl+FF2F3

All screens Exam SelectionQuestion SelectionSave AsExit

Ctrl+ECtrl+Q (Study mode only)Ctrl+SCtrl+X

Customer Support

Customers who wish to: order products; make inquiries concerning orders already placed; request title in-formation, price, availability, or general bibliographic data; or establish a new account should contact ourCustomer Care Department at:

Customer Care Center Consumer Accounts10475 Crosspoint Blvd.Indianapolis, IN 46256Phone: 877-762-2974Fax: 800-597-3299E-mail: [email protected]

Technical Support

For technical support about this product, call 1-800-762-2974 Monday Friday from 8 am to 5 pm EST, orvisit http://wiley.custhelp.com


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Network License AgreementJOHN WILEY & SONS

NETWORK LICENSE AGREEMENT

IMPORTANTREAD CAREFULLY BEFORE USING OR LOADING THE SOFTWARE.

This is a legal agreement between you, defined as the Licensee (which definition includes the end users where applicable) and John

Wiley & Sons, Inc. (Wiley). The enclosed Wiley software program, including the Users Guide (collectively, the SOFTWARE)is licensed by Wiley for use only on the terms set forth herein. Using or loading the SOFTWARE indicates that you accept theseterms. If you do not agree to these terms, return the full product with proof of purchase within 30 days for a full refund.

1. GRANT OF LICENSE. You have purchased a network license which permits use of the SOFTWARE on a local area networkmaintained by the entity identified by the bill to address (the Site), and which permits use by the maximum number of endusers that you identified to Wiley when you ordered the SOFTWARE (the Designated Number). This Network LicenseAgreement allows you to support up to the Designated Number of end users on the terms set forth below. Wiley grants to youthe right to use one copy of the SOFTWARE on a server located at the Site which is capable of supporting up to the DesignatedNumber of end users. You agree to use the SOFTWARE only for your internal purposes. If you wish to change the DesignatedNumber of end users or the Site, you must contact Wiley at the address set forth in Paragraph 7 below. You hereby agree to takeall measures to ensure (i) that all end users shall use the SOFTWARE solely for the purposes set forth herein and (ii) that all endusers shall be advised of such purpose, restrictions and all provisions of use set forth herein.

2. WARRANTIES, INDEMNITIES, AND LIMITATION OF LIABILITY. THIS SOFTWARE IS PROVIDED AS IS,WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIEDWARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. WILEY NEITHER GIVESNOR MAKES ANY OTHER WARRANTIES OR REPRESENTATIONS UNDER OR PURSUANT TO THIS LICENSE.

Wiley does not warrant, guarantee, or make any representations that the functions contained in the Software will meet yourparticular requirements or that the operation of the Software will be uninterrupted or error-free. The entire risk as to the resultsand performance of the Software is assumed by you. If the Software disc is defective in workmanship or materials and Wiley isgiven timely notice thereof, Wileys sole and exclusive liability and your sole and exclusive remedy, shall be to replace thedefective disc. In the event of a defect in a disc covered by this warranty, Wiley will replace the disc provided that you returnthe defective disc to Wiley together with a copy of your receipt. If Wiley is unable to provide a disc that is free from such de-fects, you may terminate this License by returning the disc and all associated documentation to Wiley for a full refund. Theforegoing states your sole remedy and Wileys sole obligation in the event of the occurrence of a defect coming within the scopeof the limited warranty.

IN NO EVENT SHALL WILEY, ITS SUPPLIERS, OR ANYONE ELSE WHO HAS BEEN INVOLVED IN THECREATION, PRODUCTION, OR DELIVERY OF THE SOFTWARE OR DOCUMENTATION BE LIABLE FOR ANYLOSS OR INACCURACY OF DATA OF ANY KIND OR FOR LOST PROFITS, LOST SAVINGS, OR ANY DIRECT,INDIRECT, SPECIAL, CONSEQUENTIAL, OR INCIDENTAL DAMAGES ARISING OUT OF OR RELATED IN ANYWAY TO THE USE OR INABILITY TO USE THE SOFTWARE OR DATA, EVEN IF WILEY OR ITS SUPPLIERS HAVEBEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THIS LIMITATION OF LIABILITY SHALL APPLY TOANY CLAIM OR CAUSE WHATSOEVER WHETHER SUCH CLAIM OR CAUSE IS IN CONTRACT, TORT, OROTHERWISE.

The limited warranty set forth above is in lieu of all other express warranties, whether oral or written.

(Some states do not allow exclusions or limitations of implied warranties or liability in certain cases, so the above exclusions andlimitations may not apply to you.)

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You may not: (a) copy or distribute the SOFTWARE, except to load the SOFTWARE into computers to support the DesignatedNumber of end users; (b) modify, adapt, translate, publish (except as set forth in the preceding paragraph), transmit, reverseengineer, decompile, disassemble, or create derivative works based on the SOFTWARE or Users Guide except as set forth inthis License; (c) transfer (except with Wileys prior written permission), resell, rent, lease, sublicense, or grant any other rightsof any kind to any individual copy of the SOFTWARE, including the Users Guide, to any other person; and (d) remove anyproprietary notices, labels or marks on the SOFTWARE or Users Guide.

You shall take reasonable measures to maintain the security of the SOFTWARE and shall not allow any other parties, includingyour employees or students, to have access to or to use the SOFTWARE except as set forth herein, and you shall be responsiblefor any such use or access.

4. TERM. This License is effective from the date you first use or load the SOFTWARE until it is terminated. If you should fail toperform in the manner required in this License, this License shall terminate and Wiley may exercise any other rights it may have.Upon termination, you agree to destroy all copies of the SOFTWARE (including all component parts) and the Users Guide. Allprovisions of this License with regard to the protection of the proprietary rights of Wiley shall continue in force after suchtermination.

5. GOVERNMENT RESTRICTED RIGHTS. The SOFTWARE and Users Guide are provided with restricted and limited rights.Use, duplication, or disclosure by the Government is subject to restrictions as set forth in FAR 52.227-14 (June 1987) AlternateIII (g)(3) (June 1987), FAR 52.227-19 (June 1987), or DFARS 52.227-701 (c)(1)(ii) (June 1988), as applicable.


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6. CANADIAN PURCHASE. If you purchased this product in Canada, you agree to the following: The parties hereto confirmthat it is their wish that this License, as well as all other documents relating hereto, including Notices, have been and shall bedrawn up in the English language only.

7. GENERAL. This License will be governed by the laws of the State of New Jersey, except for that body of law dealing withconflicts of law. Should you have any questions concerning this License or if you desire to contact Wiley for any reason, pleasewrite: John Wiley & Sons, Inc., Customer Care Center Consumer Accounts, 10475 Crosspoint Blvd., Indianapolis, IN 46256,call 877-762-2974, fax 800-597-3299, or e-mail: [email protected]. This License may not be modified except in a writingsigned by Wiley.

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