BEC Formula Sheet for CPA Exam
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cpacfaBEC Formula Sheet for CPA Exam
Uploaded by
cpacfaBEC Formula Sheet
http://www.cpa-cfa.org
Two ways to measure GDP
1.
2.
Two ways to measure price elasticity
1.
2.
Cross elasticity =
Two methods to measure translation risk
1.
2.
FX economic exposure chart
1
BEC Formula Sheet
http://www.cpa-cfa.org
= net cash outflow for new PPE
Depreciation tax shield =
= Net Present Value (NPV)
Payback period =
How to calculate the IRR
Profitability index =
PV of asset =
Effective interest rate =
Simple interest =
Compound interest =
DOL x DFL = DCL
2
BEC Formula Sheet
http://www.cpa-cfa.org
WACC =
CAPM =
DCF Cost of Equity =
Cost of Debt =
Cost of preferred stock =
ROI = or
ROA = or
Required return =
Residual income =
Annual cost of payment discount =
Current Carrying Costs =
Stock out costs =
Inventory carrying costs =
Re-order point =
Inventory turnover =
Cost savings =
EOQ =
Factoring Table/equation
3
BEC Formula Sheet
http://www.cpa-cfa.org
Prime Costs ( )=
Conversion Costs =
Product Costs =
Period Costs =
Joint Product Cost allocation
1.
2.
3.
______________________
Materials available for use
______________________
Materials used
_____________________
COGM
Overhead rate =
4
BEC Formula Sheet
http://www.cpa-cfa.org
Overhead application =
Equivalent units
Weighted Avg
Equivalent units =
Weighted avg =
FIFO
Equivalent units =
FIFO =
Variable costing (Not GAAP)
__________________________
NI
Absorption costing (GAAP)
__________________________
NI
Net Effect between variable costing and absorption costing
Fixed cost per unit =
Change in NI =
Increase in Inventory:
Decrease in Inventory:
Contribution margin ratio =
B/E in units =
5
BEC Formula Sheet
http://www.cpa-cfa.org
B/E in dollars =
Required sales volume for target profit
Target profit before tax =
Required sales =
Margin of safety =
Margin of safety % =
EVA
Required return =
EVA =
Variance Analysis:
Standard Quantity Allowed =
Production Volume Variance =
Selling price variance =
Sales volume variance =
Sales mix variance =
Sales quantity variance =
Market size variance =
6
BEC Formula Sheet
http://www.cpa-cfa.org
