What does working capital mean on the CPA exam?

Working capital. Current assets less current liabilities. What is left to run the business after the next year's obligations are covered.

Working capital. Current assets less current liabilities. What is left to run the business after the next year's obligations are covered.

Which CPA exam sections use working capital?

Working capital appears in 6 CPA exam sections: AUD, BAR, FAR, ISC, REG, TCP.

additional paid-in capital: Amounts received from shareholders above the par or stated value of the shares issued, reported as a separate equity caption.
net assets: Assets less liabilities.
net position: A government's assets plus deferred outflows, less liabilities and deferred inflows.
total liabilities: Everything the entity owes, added up.
California Consumer Privacy Act: California's consumer privacy statute, as amended by the CPRA.
going concern: The assumption that the entity will keep operating long enough to realize its assets and meet its obligations.