Technical insights and deep-dives in Academy.
A guide to the CPA exam's AUD, REG, and financial management content, including PCAOB auditing standards, federal tax strategy, CAPM, and a realistic comparison of Big 4 vs. regional firm vs. corporate finance career paths after passing — Chapter 3 of the US CPA Exam series.
Inchoate offenses under US law — attempt, conspiracy, and solicitation — plus accomplice liability, the distinction between principals and accessories, and special complicity problems including Pinkerton liability and the Wharton Rule.
The constitutional framework for arrest and pretrial detention under US law — probable cause, the warrant requirement, warrantless arrest exceptions, initial appearance, bail, the Bail Reform Act, and habeas corpus as a check on unlawful detention.
Total and marginal utility, the law of diminishing marginal utility, the equal-marginal-utility-per-dollar rule, indifference curves and their properties, the budget constraint, consumer equilibrium, and income vs. substitution effects — the complete microeconomic theory of consumer choice.
Production functions and marginal product, cost structure (fixed costs, variable costs, marginal cost), profit maximization conditions, and the four market structures — perfect competition, monopoly, oligopoly, and monopolistic competition — the third lecture in the Economics Core series.
Measuring expected return and risk, the diversification effect in portfolios, the CAPM and the beta coefficient — the third lecture in the Financial Management Basics series.