Wiley CPAexcel

Summary of January 2020 Content Updates

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Wiley CPAexcel
®
January 2020 Content Updates

January 2020

Dear Future CPA,

At Wiley CPAexcel, we’re excited that you’re on the journey to becoming a CPA, and we will be with you every step of the way.
The accounting field continues to evolve, and technology will continue to shape what you do today, as you’re studying for the
CPA Exam, and far into your future as a Certified Public Accountant.

Some good news is that the January 2020 Exam does not include significant changes, and the CPA Exam Blueprints remain
consistent from July 2019. However, there are some pronouncement changes eligible for testing on January 1, 2020, and
we have you covered with those changes implemented into the lessons.

The Exam will continue to emphasize the data review and analytics that is a critical skill in the accounting field.
To that end, we’ve added new lessons in BEC and updated lessons in AUD to arm you with the most up-to-date and appropriate
information. As Microsoft Excel becomes an increasingly important tool both as you study for the CPA Exam and as you progress
your career, we’ve added an intermediate Microsoft Excel skills overview lesson to AUD to outline those tasks in which you need to
be proficient on the Exam.

We’ve also added some great functionality to make your studies more efficient and targeted to your particular needs. We know
you’re going to love how these tools enhance your preparation, retention, and retrieval.

You’ll also find updated video lessons and study guides, new multiple-choice and task-based simulation questions,
and the best and most customizable Exam Planner in the industry. As always, Wiley remains your Partner Until You Pass,
providing unlimited access at every level of the course, so no matter what life throws you, we’ll be there with you until
you successfully pass the CPA Exam.

We’re so glad to partner with you on this momentous journey!

The Team at Wiley CPAexcel

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January 2020 Content Updates

AUD | Auditing and Attestation

Changes and Improvement
AICPA Blueprint Changes

• No blueprint changes for January 1, 2020.

• Full current AUD blueprints are available here: AUD July 2019 Blueprints.

Other Changes

• A new section was created that includes all of the Essential Skills for preparing for the AUD Exam. This section was
previously in the lesson AUD › Welcome to AUD; videos have been updated and moved to the following new section:

G AUD › Tools for Success

• A new video on necessary intermediate Excel skills has been added to the following:

G AUD › Tools for Success: Excel Essentials

• The following lessons:

G AUD › III. Performing Further Procedures and Obtaining Evidence › IT (Computer) Auditing › IT Controls—General Controls
G AUD › III. Performing Further Procedures and Obtaining Evidence › IT (Computer) Auditing › IT Controls—Application
Controls
G AUD › III. Performing Further Procedures and Obtaining Evidence › IT (Computer) Auditing › IT Evidence—Gathering
Procedures

Have been replaced with this updated lesson:

G AUD › III. Performing Further Procedures and Obtaining Evidence › IT (Computer) Auditing › IT - General &
Application Controls

• The following lesson has been retitled:

Old Title:

G AUD › I. Ethics, Professional Responsibilities, and General Principles › AICPA Code of Professional Conduct › Members in
Public Practice › MIPPs Nonindependence Rules › Reporting Information and Subordination of Judgment

New Title:

G AUD › I. Ethics, Professional Responsibilities, and General Principles › AICPA Code of Professional Conduct › Members in Public
Practice › MIPPs Nonindependence Rules › Reporting Information and Subordination of Judgment

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Wiley CPAexcel
®
January 2020 Content Updates

AUD | Auditing and Attestation

Changes and Improvement
• The following lesson has been updated:

G AUD › III. Performing Further Procedures and Obtaining Evidence › IT (Computer) Auditing › Other IT Considerations

• The following lessons have updates to the study guides

G AUD › I. Ethics, Professional Responsibilities, and General Principles › AICPA Code of Professional Conduct › Members in
Public Practice › MIPPs Independence Rules › Nonaudit Services › Specific Services

G AUD › I. Ethics, Professional Responsibilities, and General Principles › AICPA Code of Professional Conduct › Members in
Public Practice › MIPPs Independence Rules › Introduction to MIPPs Independence Rules

Additional Improvements

• New multiple-choice and task-based simulation questions

• New flashcards and assessments

Need to access your Committed to pass- Want to take a

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January 2020 Content Updates

BEC | Business Environment and Concepts

Changes and Improvements
AICPA Blueprint Changes

• No blueprint changes for January 2020.

• Full current BEC blueprints are available here: BEC July 2019 Blueprints.

Other Changes

• The following new lessons on Information Technology have been added:

G BEC › IV. Information Technology › Emerging Technologies › Data Analytics › Statistics in Business Analytics

G BEC › IV. Information Technology › Emerging Technologies › Data Analytics › Simple Linear Regression in Business
Analytics

• The following lessons have updates to the study guides:

G BEC › II. Economic Concepts and Analysis › Macroeconomics › Business Cycles and Indicators

G BEC › II. Economic Concepts and Analysis › Macroeconomics › Money, Banking and Monetary/Fiscal Policy

G BEC › III. Financial Management › Concepts and Tools › Interest Rate Concepts and Calculations

G BEC › III. Financial Management › Concepts and Tools › Financial Valuation > Introduction to Financial Valuation

G BEC › III. Financial Management › Concepts and Tools › Hedging and Derivatives

G BEC › III. Financial Management › Financing Options › Long-Term (Capital) Financing › Common Stock

G BEC › III. Financial Management › Working Capital Management › Short-Term Securities Management

G BEC › III. Financial Management › Working Capital Management › Inventory Management

G BEC › IV. Information Technology › Role of Information Technology in Business › Data Structures, Software, and Databases

Additional Improvements

• New multiple-choice and task-based simulation questions

• New flashcards and assessments

Need to access your Committed to pass- Want to take a

updated products? Log in ing the exam in 2020? Shop Products free test drive? Free Trial

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January 2020 Content Updates

FAR | Financial Accounting and Reporting

Changes and Improvements
AICPA Blueprint Changes

• No blueprint changes for January 2020.

• Full current FAR blueprints are available here: July 2019 FAR Blueprints.

Pronouncement Changes

• ASU 2016-13: Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

The following lessons have been updated:

G FAR › II. Select Financial Statement Accounts › Investments › Investments in Debt Securities › Debt Investments at Fair
Value

G FAR › II. Select Financial Statement Accounts › Investments › Investments in Debt Securities › Debt Investments at
Amortized Cost

• ASU 2017-04: Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment

The following lesson has been updated:

G FAR › II. Select Financial Statement Accounts › Intangible Assets—Goodwill and Other › Goodwill

• ASU 2018-13: Fair Value Measurement (Topic 820): Disclosure Requirements for Fair Value Measurement

The following lesson has been updated:

G FAR › I. Conceptual Framework and Financial Reporting › Financial Accounting Standards Board › Fair Value
Framework › Disclosure Requirement

• ASU 2018-15: Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40)

The following lesson has been updated:

G FAR › II. Select Financial Statement Accounts › Intangible Assets—Goodwill and Other › Software Costs

• ASU 2018-17: Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities

The following lesson has been updated:

G FAR › I. Conceptual Framework and Financial Reporting›Special Purpose Frameworks›Private Company Council

• ASU 2019-03: Not-for-Profit Entities (Topic 958): Updating the Definition of Collections

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January 2020 Content Updates

FAR | Financial Accounting and Reporting

Changes and Improvements
The following lesson has been updated:

G FAR › III. Select Transactions›Not-for-Profit Organizations › Donations, Pledges, Contributions, and Net Assets

• Statement No. 89 -Accounting for Interest Cost Incurred before the End of a Construction Period

The following lesson study guide has been updated:

G FAR › III. Select Transactions › Revenue Recognition › Accounting for Construction Contracts

Additional Changes

• The following lessons have been updated:

G FAR › I. Conceptual Framework and Financial Reporting › Financial Accounting Standards Board (FASB) › Overview of US
GAAP › Accrual Accounting

G FAR › II. Select Financial Statement Accounts › Investments › Investments in Equity Securities › IFRS - Investments in Equity
and Debt Securities

G FAR › II. Select Financial Statement Accounts › Intangible Assets—Goodwill and Other › Introduction to Intangible Assets

G FAR › II. Select Financial Statement Accounts › Intangible Assets—Goodwill and Other › Research and Development
Costs

G FAR › II. Select Financial Statement Accounts › Intangible Assets—Goodwill and Other › Intangibles and IFRS

• The following lessons have updates to the study guides:

G FAR › II. Select Financial Statement Accounts › Property, Plant and Equipment › Categories and Presentation

G FAR › II. Select Financial Statement Accounts › Intangible Assets—Goodwill and Other › Software Costs

G FAR › III. Select Transactions › Not-for-Profit Organizations › Financial Reporting

G FAR › III. Select Transactions › Not-for-Profit Organizations › Special Issues—Recent Developments

G FAR › IV. State and Local Governments › State and Local Government Concepts › Deferred Outflows and Deferred Inflows of Resources

G FAR › IV. State and Local Governments › Typical Items and Specific Types of Transactions and Events › Long-term Liabilities Other Than
Bonded Debt

G FAR› IV. State and Local Governments › Typical Items and Specific Types of Transactions and Events › Long-term Liabilities Other Than
Bonded Debt › Special Items—Recent Developments

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Wiley CPAexcel
®
January 2020 Content Updates

FAR | Financial Accounting and Reporting

Changes and Improvements
Additional Changes

• New multiple-choice, task-based simulation, and document-review simulation questions

• New flashcards and assessments

Need to access your Committed to pass- Want to take a

updated products? Log in ing the exam in 2020? Shop Products free test drive? Free Trial

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January 2020 Content Updates

REG | Regulation
Changes and Improvements
AICPA Blueprint Changes

• No blueprint changes for January 1, 2020.

• Full current REG blueprints are available here: REG July 2019 Blueprints.

Additional Changes

• The following lessons have updates to the study guides:

G REG › I. Ethics, Professional Responsibilities, and Federal Tax Procedures › Federal Tax Practice and Procedures › Compliance
Responsibilities

G REG › II. Business Law › Government Regulation of Business › Federal Securities Regulation › Exempt Transactions and Securities

G REG › II. Business Law › Business Structure › Rights and Duties

G REG › IV. Federal Taxation of Individuals › Income › Taxation of Income from Business Entities

G REG › IV. Federal Taxation of Individuals › Deductions › Itemized Deductions—Other

G REG › V. Federal Taxation of Entities › Tax Credits › Business Tax Credits

Additional Improvements

• New multiple-choice and task-based simulation questions

• New flashcards and assessments

Need to access your Committed to pass- Want to take a

updated products? Log in ing the exam in 2020? Shop Products free test drive? Free Trial

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