CPA Financial Accounting and Reporting (FAR) Help - Learn by Concept

Learn by Concept

Concepts

• CPA Financial Accounting and Reporting (FAR)

  • Business Combinations

    • Cost Method

    • Equity Method

    • Fair Value Method

    • Goodwill

  • Business Combinations & Investments

    • Consolidated Financial Statements

    • Derivatives, Hedging, and Foreign Currency Transactions

  • Compensation and Accrued Payroll

    • Accrued Payroll Expense

    • Retirement Benefits

    • Stock Compensation

  • Current Assets

    • Bank Reconciliations

    • Inventory Costing Methods

    • Prepaid Expenses

    • Receivables

  • Current Liabilities

    • Contingencies

    • Payables and Accrued Liabilities

  • Debt and Equity Financing

    • Bonds Payable & Long-term Debt

    • Debt Covenant Obligations

    • Equity Transactions

  • Expenses

    • Accounting for Leases

    • Cost of Goods Sold

    • Income Taxes

  • Financial Reporting Standards

    • Accounting Changes & Errors

    • Conceptual Framework

    • IFRS vs. GAAP

    • Special Purpose Frameworks

  • Income Statements & Analysis

    • Calculate Fluctuations & Ratios

    • Income Statement

    • Other Comprehensive Income

  • Non-Income Financial Statements

    • Balance Sheet

    • Statement of Cash Flows

    • Statement of Retained Earnings

  • Not for Profit Accounting

    • Nonreciprocal Transfers

    • Statement of Activities

    • Statement of Financial Position

  • Other Long Lived Assets

    • Asset Impairment

    • Intangible Assets

    • Software, R&D Costs

  • Property, Plant and Equipment

    • Asset Retirement Obligations

    • Capitalizing Property, Plant, and Equipment

    • Depreciation and Amortization

  • Revenue

    • Allowance Method for Doubtful Accounts

    • Non-Monetary Exchanges

    • Revenue Recognition

  • State and Local Governments

    • CAFR (Fund) Accounting

    • Encumbrance Accounting

    • Government-Wide Financial Statements

    • Modified Accrual Basis of Accounting