Elevate Your Accounting Programs with UWorld Solutions
Partnering with UWorld empowers you to support your students as they build the knowledge and skills to excel academically and advance professionally. Our solutions are designed to enhance your program, connect classroom learning to real-world applications, and prepare students for meaningful careers.
Pathways to Support Your Program
Enhance your current courses with high-quality CPA, CMA®, or CFA® content that deepens understanding and fosters practical application. Our intuitive platform makes it easy to maximize the impact of your program with course-aligned materials and certification preparation tools. Choose the pathway that is right for you.
Courseware That Aligns With Your Existing Curriculum
With UWorld, you can help your students achieve concept mastery in essential accounting courses, including but not limited to:
- Intermediate Accounting
- Auditing
- Cost/Managerial Accounting
- Financial Reporting
- Business Law
- Accounting Information Systems
- Governmental and Non-profit Accounting
UWorld supports a wide range of accounting topics to drive student success.
Classroom to Career Support
Our support doesn’t stop at courseware. We actively engage with your university to help students transition into their professional careers.
UWorld Ambassador Program
Accounting and Finance Scholarship Program
Workshops and Campus Engagements
Industry Connections and Updates
UWorld Ambassador Program
Accounting and Finance Scholarship Program
Workshops and Campus Engagements
Industry Connections and Updates
Courseware That Supports Certification Success
Self-Study Options
Courseware Options
Dr. Marcus Odom
Director of M.Acc. Program / Professor / Deloitte Faculty Fellow
Southern Illinois University - Carbondale
Tailored Options To Integrate Content
Explore flexible strategies to deliver skills-based accounting content on your terms, ensuring alignment with your program's unique goals and students’ needs.
Self-Study
Empower learners with the freedom of self-paced study.Supported
Monitor student progress with real-time performance tracking.Guided
Gain full control over content, assignments, and tracking.Self-Study
Empower learners with the freedom of self-paced study.*Starting Fall 2025
Supported
Monitor student progress with real-time performance tracking.*Starting Fall 2025
Guided
Gain full control over content, assignments, and tracking.*Starting Fall 2025
Key Features to Enhance Your Program
Flexible Assignment Tools with Real-Time Insights
Create tailored or ready-made assignments with ease. Instantly track progress and performance at both individual and group levels.
In-depth Questions and Explanations
Each question and answer explanation is meticulously crafted by our experts through a rigorous 17-step quality assurance process. Detailed answer explanations explain the what, why, and how behind each answer. See the samples below.
Which of the following is an input control designed to ensure the reliability and accuracy of data?
| Limit Test | Validity Check Test | |||
| A. | Yes | Yes | ||
| B. | Yes | No | ||
| C. | No | Yes | ||
| D. | No | No |
An auditor decides to use the blank form of accounts receivable confirmation. The auditor should be aware that the blank form may be less efficient because
| A. It does not provide positive third-party confirmation of account balances. | ||
| B. It is more likely to require a reconciliation of responses with client information. | ||
| C. It is not as reliable as other forms of account confirmations. | ||
| D. It is more difficult to prepare. |
An auditor’s objective in the performance of audit procedures is to obtain evidence that either supports or refutes management assertions. Which of the following is an action designed to achieve this objective?
| A. Comparing financial and nonfinancial data. | ||
| B. Developing and maintaining a system of quality control. | ||
| C. Preparing adequate and appropriate documentation. | ||
| D. Increasing the desired level of detection risk. |
Take a look at a typical sample question from another provider below. The question shows you what you’ll see on the exam, but that’s not enough to help you pass. Their limited explanations address the right answer choice but do not go the extra mile to explain the wrong choices – so you don’t make the same mistakes on exam day.
The controller of a small utility company has interviewed audit firms proposing to perform the annual audit of their employee benefit plan. According to the guidelines of the Department of Labor (DOL), the selected auditor must be
| A. The firm that proposes the lowest fee for the work required. | ||
| B. Independent for purposes of examining financial information required to be filed annually with the DOL. | ||
| C. Included on the list of firms approved by the DOL. | ||
| D. Independent of the utility company and NOT relying on its services. |
Which of the following is the annual report that is filed with the United States Securities and Exchange Commission?
| A. Form 8-K. | ||
| B. Form 10-K. | ||
| C. Form S-1. | ||
| D. Form 10-Q. |
What is the purpose of reporting comprehensive income?
| A. To summarize all changes in equity from nonowner sources. | ||
| B. To reconcile the difference between net income and cash flows provided from operating activities. | ||
| C. To provide a consolidation of the income of the firm’s segments. | ||
| D. To provide information for each segment of the business. |
Wall Corp. offers an employee stock purchase plan through which employees can elect to have money withheld from their paychecks to purchase Wall stock. Wall’s plan specifies the following:
| For every $1 contributed from employees’ wages for the purchase of Wall’s common stock, Wall contributes $2. |
| The stock is purchased from Wall’s treasury stock at market price on the date of purchase. |
The following information pertains to the plan’s Year 1 transactions:
| Employee contributions for the year | $ 350,000 |
| Market value of 150,000 shares issued | 1,050,000 |
| Carrying amount of 150,000 shares of treasury stock issued (cost) | 900,000 |
Before payroll taxes, what amount should Wall recognize as expense in Year 1 for the stock purchase plan?
| A. $150,000 | ||
| B. $700,000 | ||
| C. $900,000 | ||
| D. $1,050,000 |
Take a look at a typical sample question from another provider below. The question shows you what you’ll see on the exam, but that’s not enough to help you pass. Their limited explanations address the right answer choice but do not go the extra mile to explain the wrong choices – so you don’t make the same mistakes on exam day.
Which one of the following would constitute a highly inflationary economy when determining the functional currency of a foreign entity?
| A. 20% inflation for each of the past 5 years | ||
| B. 30% inflation for each of the past 3 years | ||
| C. 35% inflation for each of the past 3 years | ||
| D. 20%, 35%, and 40% inflation, respectively, for each of the past 3 years |
On June 1, 20X5, Rusk Corp. was petitioned involuntarily into bankruptcy. At the time of the filing, Rusk had the following creditors:
- Safe Bank, for the balance due on the secured note and mortgage on Rusk’s warehouse.
- Employee salary claims.
- 20X4 federal income taxes due.
- Accountant’s fees outstanding.
- Utility bills outstanding.
Prior to the bankruptcy filing, but while insolvent, Rusk engaged in the following transactions:
- On February 1, 20X5, Rusk repaid all corporate directors’ loans made to the corporation.
- On May 1, 20X5, Rusk purchased raw materials for use in its manufacturing business and paid cash to the supplier.
Required:
Below is relate to Rusk’s creditors and the February 1 and May 1 transactions. For each item, determine whether only statement I is correct, whether only statement II is correct, whether both statements I and II are correct, or whether neither statement I nor II is correct.
| Item | Answer |
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Which of the following actions would most likely be an infringement of the exclusive rights of the owner of a copyrighted work?
| A. Preparing a foreign language translation of the copyrighted work. | ||
| B. Writing a book review of the copyrighted work that includes excerpts from the work. | ||
| C. Making multiple copies of extracts from the copyrighted work for classroom use. | ||
| D. Using the copyrighted work for research. |
What is an example of property that can be considered either personal property or real property?
| A. Air rights. | ||
| B. Mineral rights. | ||
| C. Harvested crops. | ||
| D. Growing crops. |
Take a look at a typical sample question from another provider below. The question shows you what you’ll see on the exam, but that’s not enough to help you pass. Their limited explanations address the right answer choice but do not go the extra mile to explain the wrong choices – so you don’t make the same mistakes on exam day.
A corporation’s penalty for underpaying federal estimated taxes is
| A. Not deductible. | ||
| B. Fully deductible in the year paid. | ||
| C. Fully deductible if reasonable cause can be established for the underpayment. | ||
| D. Partially deductible. |
A cloud service provider offering Infrastructure as a Service is most likely to be contractually responsible for maintaining which of the following?
| A. Networks. | ||
| B. Middleware. | ||
| C. Operating systems. | ||
| D. Applications. |
In a SOC 2® examination, management should consider the implementation guidance found in which of the following criteria when making judgments about the disclosures to include in its description of the service organization’s system?
| A. DC Section 100 Description Criteria. | ||
| B. DC Section 200 Description Criteria. | ||
| C. DC Section 300 Description Criteria. | ||
| D. DC Section 400 Description Criteria. |
During a suspected data breach, an incident response team has gathered raw data indicating anomalous server activity. Then they compared the current situation with a similar incident from the previous year. Which of the following stages of the OODA loop is the team primarily utilizing?
| A. Observe and act. | ||
| B. Orient and decide. | ||
| C. Observe and orient. | ||
| D. Decide and act. |
Which of the following IT controls would a company appropriately use to mitigate the risk of unauthorized access to its payroll data?
| A. Validity checks. | ||
| B. A neural network. | ||
| C. Biometric devices. | ||
| D. Employee purchase cards. |
From an employee’s standpoint, the tax benefit of a qualified stock option is that:
| A. There is no AMT impact when stock is acquired through option exercise. | ||
| B. The gain recognized when stock acquired through option exercise is sold may be taxed at preferential rates. | ||
| C. The compensation income recognized is deferred until option exercise. | ||
| D. The compensation income recognized at grant date is taxed at preferential rates. |
The parents of a three-year-old taxpayer gifted him stock when he was born. This year, the taxpayer has $20,000 of qualified dividends, $0 earned income, and $4,000 of itemized deductions related to the dividends. Assuming the current dependent child standard deduction is $1,250, how much of the taxpayer’s dividends will be taxed at his parents’ rate?
| A. $1,250 | ||
| B. $14,750 | ||
| C. $18,750 | ||
| D. $20,000 |
Osha, a cash-basis calendar-year partnership, began business on April 1, Year 5. Osha incurred and paid the following during Year 5:
| Legal services associated with formation of the partnership: | $15,260 |
| Accounting fees associated with promoting and selling partnership interests: | 10,000 |
Osha elected to amortize costs. What is the maximum amount of organizational costs deductible on Osha’s Year 5 partnership return?
| A. $5,000 | ||
| B. $5,513 | ||
| C. $5,684 | ||
| D. $6,013 |
On January 1, Year 2, a taxpayer lent $90,000 to a friend as a gift to help the friend buy a home. The loan terms require the friend to make three $30,000 repayments annually beginning on December 31, Year 2. The loan does not require the friend to pay interest. For the individual in Year 2, what are the income tax consequences regarding the loan?
| A. The individual has no income tax consequences because no interest is due under the loan terms. | ||
| B. The individual must recognize interest income because the loan was issued at a premium. | ||
| C. The individual has no income tax consequences because the loan is de minimis. | ||
| D. The individual must recognize interest income because interest income must be imputed. |
In the current year, Poplar City paid $5,000 interest and $20,000 principal on its outstanding general obligation bonds. The payment was made from a debt service fund using cash transferred earlier the same year from the general fund. How should the city report the expenditures?
| General fund | Validity Debt service fund | Permanent fund | |||
| A. | $25,000 | $25,000 | $0 | ||
| B. | $0 | $25,000 | $20,000 | ||
| C. | $25,000 | $5,000 | $0 | ||
| D. | $0 | $25,000 | $0 |
North Bank is analyzing Belle Corp.’s financial statements for a possible extension of credit. Belle’s quick ratio is significantly better than the industry average. Which of the following factors should North Bank consider as a possible limitation of using this ratio when evaluating Belle’s creditworthiness?
| A. Fluctuating market prices of marketable debt securities may adversely affect the ratio. | ||
| B. Increasing market prices for Belle’s inventory may adversely affect the ratio. | ||
| C. Belle prepaid its rent expense in full for the following year. | ||
| D. Belle may need to liquidate its inventory to meet its long-term obligations. |
On December 31, Year 1, Northpark Co. collected a receivable due from a major customer. Which of the following ratios would be increased by this transaction?
| A. Inventory turnover ratio. | ||
| B. Receivable turnover ratio. | ||
| C. Current ratio. | ||
| D. Quick ratio. |
On May 1, Clothes Co. sells clothing to Link Corp. for $40,000. Clothes ships the clothing on May 1 and Link is obligated to pay Clothes within six months. Link is given 12 months to return any of the clothing for a refund if they experience low demand. Link is also given 18 months to exchange any clothing due to low demand. At the time of sale, Clothes cannot reasonably estimate returns, but estimates $5,000 in exchanged goods. Clothes should recognize revenue for the aforementioned transaction
| A. On the day of the sale. | ||
| B. 6 months after the date of sale. | ||
| C. 12 months after the date of sale. | ||
| D. 18 months after the date of sale. |
At the end of Year 3 , the managers of Guardian Company are planning for Year 4. In Year 3, manufacturing overhead was $349,600, direct labor hours equaled 16,000 hours, and machine hours totaled 48,000 hours. For Year 4, manufacturing overhead is estimated to be $524,400, direct labor hours are estimated at 20,000 hours, and machine hours are estimated at 50,000 hours. If overhead is applied based on direct labor hours, what is the predetermined overhead rate for Year 4 (if necessary, round your answer to two decimal places)?
| A. | $10.49 per direct labor hour. | ||
| B. | $32.78 per direct labor hour. | ||
| C. | $21.85 per direct labor hour. | ||
| D. | $26.22 per direct labor hour. |
Which of the following emerging technologies can help in improving the efficiency of manufacturing plant assembly operations and warehouse operations?
| A. | 3D printing | ||
| B. | Robots | ||
| C. | Virtual reality | ||
| D. | Internet of Things |
All of the following statements concerning currently attainable standards are correct except:
| A. | Currently attainable standards assume machines will be taken off-line for preventative maintenance. | ||
| B. | Currently attainable standards assume employees work at a normal pace. | ||
| C. | Currently attainable standards can only be reached by the most skilled and efficient employees. | ||
| D. | Currently attainable standards are expected to be achieved most of the time. |
Take a look at a typical sample question from another provider below. The question shows you what you’ll see on the exam, but that’s not enough to help you pass. Their explanation addresses the right answer choice but does not go the extra mile to explain the wrong choices—so you don’t make the same mistakes on exam day.
Nemo Diving Products, Inc. usually stores its product inventory in a special area within its manufacturing facility. Due to a recent fire, all inventory this month was stored offsite at a cost of $3,000. Some inventory items are normally purchased from Switzerland. This month’s import duty was $2,000. This month’s unreimbursable freight charges on product sold were $4,000. Given the above three costs, what amount(s) are chargeable to inventory vs. chargeable to expense?
| Inventory | Expense | |||
| A. | $2,000 | $7,000 | ||
| B. | $9,000 | $0 | ||
| C. | $5,000 | $4,000 | ||
| D. | $3,000 | $6,000 |
The management team at an organization has recently begun to bond certain employees to prevent cash embezzling and other unethical activity. Is this an appropriate step?
| A. | No, bonding employees has not been proven to prevent unethical activities linked to cash activities, back reconciliation, or depositing cash receipts. | ||
| B. | Yes, bonding employees helps protect the organization from potentially unethical activity, including but not limited to embezzling cash, misreporting cash amounts, or other fraudulent actions. | ||
| C. | Yes, instituting an employee bonding program protects employees from top-down pressure initiated by management to boost financial performance. | ||
| D. | No, employee bonding is only linked to the technology processes underlying financial reporting, so it would not have any benefit for the firm. |
Which of the following is an example of the loss event data technique of identifying events within an Enterprise Risk Management (ERM) approach to risk management?
| A. | The head of HR holds a meeting with employees to get their ideas on possible steps to improve the hiring process. | ||
| B. | A company maps out the process for conducting position searches and hiring new employees. | ||
| C. | A company considering outsourcing its payroll function consults a list of events related to outsourcing payroll developed by a consulting firm. | ||
| D. | A delivery company analyzes losses from accidents its vehicles were in to see if any patterns emerge. |
Which of the following statements about contribution margin is true?
| A. | A decrease in variable administrative expenses per unit will decrease contribution margin per unit. | ||
| B. | A decrease in fixed administrative expenses per unit will not impact contribution margin per unit. | ||
| C. | An increase in variable administrative expenses per unit will increase contribution margin per unit. | ||
| D. | A decrease in variable administrative expenses per unit will not impact contribution margin per unit. |
Take a look at a typical sample question from another provider below. The question shows you what you’ll see on the exam, but that’s not enough to help you pass. Their limited explanation addresses the right answer choice but do not go the extra mile to explain the wrong choices—so you don’t make the same mistakes on exam day.
Which of the following is an item with high earnings persistence?
| A. | Extraordinary gain | ||
| B. | Extraordinary loss | ||
| C. | Gain on disposal of old equipment | ||
| D. | Sales from a new product |
Performance Analytics
Easily spot at-risk learners with an intuitive dashboard, monitor progress, and address group or individual weaknesses in real time to ensure success across your organization.
Engaging Lectures from Top Instructors
Provide students with 100+ hours of on-demand video lectures from renowned instructors like Peter Olinto, Monte Swain, and Roger Philipp. These industry experts bring concepts to life with practical insights, real-world stories, and an engaging delivery style.
Purposeful Learning Tools
Equip students with advanced tools like spaced-repetition flashcards that reinforce key concepts over time and a versatile digital notebook for streamlined, organized learning.
Exam-Aligned, High-Impact Content
UWorld’s high-impact content is rooted in exam curriculum outlines, such as the AICPA Blueprints and IMA Content Specification Outlines, and is continuously updated to meet evolving standards.
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