Usually, the cepstrum of a signal is introduced as the result of taking the logarithm of its power spectrum, then applying the inverse Fourier transform:
$$C_p = |F^{-1}\{\log(|F\{f(t)\}|^2)\}|^2$$
It is also sometimes called a "spectrum of a spectrum" since it can also be defined as:
$$C_p = |F\{\log(|F\{f(t)\}|^2)\}|^2$$
I'm really having trouble understanding how the two are equivalent (up to a scaling factor), and this is I get the impression quite important to understanding why in other processing steps (e.g. mel frequency cepstrum) a forward transform is taken at the end instead of an inverse transform...