... 2016 Wiley CPAexcel ® exam review FOCUS NOTES 2016 Wiley CPAexcel ® exam review FOCUS NOTES Financial Accounting and Reporting Cover Design: Wiley Cover image: © turtleteeth/iStockphoto ... Ownership and capital structure Accounting resources Learning about new financial reporting guidance Focus on Basic Theory and Financial Reporting Module Private Company Standards (continued) Examine ... resources and claims not resulting from financial performance Focus on Basic Theory and Financial Reporting Module Financial statements are designed to meet the objectives of financial reporting: ...