Syllabus
CPA Financial Accounting and Reporting (FAR) Prep Course
111 lessons. Online and self-paced.
Business Financial Statements
Prepare and connect the principal financial statements of for-profit entities using reconciled accounting records.
- 1Business Financial Statement Purposes
- 2Financial Statement Relationships
- 3Classified Balance Sheet Preparation
- 4Balance Sheet Presentation Corrections
- 5Income Statement Preparation
- 6Discontinued Operations Presentation
- 7Other Comprehensive Income Reporting
- 8Statement of Equity Changes
- 9Cash Flow Activity Classification
- 10Indirect Operating Cash Flows
- 11Investing and Financing Cash Flows
- 12Financial Statement Disclosure Reconciliation
Consolidation and Reporting Analysis
Apply consolidation procedures, foreign-currency transaction accounting, and public company reporting requirements.
- 13Consolidation Scope and Worksheet
- 14Wholly Owned Subsidiary Eliminations
- 15Intercompany Balances and Transactions
- 16Intercompany Asset Profit Eliminations
- 17Noncontrolling Interest Presentation
- 18Consolidated Statement Reconciliation
- 19Foreign Currency Transaction Accounting
- 20Public Company Filing Requirements
- 21Basic Earnings per Share
- 22Diluted Earnings per Share
Nonprofit and Governmental Reporting
Prepare nongovernmental nonprofit statements and distinguish the foundational purposes and accounting bases of governmental funds.
- 23Nonprofit Statement of Financial Position
- 24Nonprofit Revenue Classification Corrections
- 25Nonprofit Statement of Activities
- 26Donor Restriction Release Presentation
- 27Natural and Functional Expense Reporting
- 28Nonprofit Indirect Cash Flows
- 29Governmental Measurement Focus and Basis
- 30Governmental Fund Purposes
Alternative Reporting and Metrics
Prepare special-purpose statements and evaluate financial performance through ratios, variances, and reconciled reporting data.
- 31Cash Basis Financial Statements
- 32Modified Cash Basis Reporting
- 33Tax Basis Financial Reporting
- 34Cash to Accrual Conversions
- 35Liquidity and Solvency Ratios
- 36Profitability and Operating Performance
- 37Budget and Actual Variances
- 38Transaction Effects on Financial Ratios
Cash Receivables and Inventory
Measure and reconcile major working-capital assets using bank records, customer data, and inventory schedules.
- 39Cash and Cash Equivalent Classification
- 40Bank Reconciliation Adjusting Entries
- 41Trade Receivable Credit Losses
- 42Sales Return Accounting
- 43Trade Receivable Reconciliation
- 44Factoring and Secured Receivable Borrowings
- 45Inventory Cost and Ownership
- 46Inventory Costing Method Calculations
- 47Inventory Subsequent Measurement Rules
- 48Inventory Rollforward and Error Analysis
Long Lived Asset Accounting
Account for tangible and intangible assets from initial recognition through depreciation, impairment, and disposal.
- 49Property and Equipment Initial Cost
- 50Depreciation Method Calculations
- 51Asset Expenditures and Disposals
- 52Long Lived Asset Impairment
- 53Held for Sale Assets
- 54Fixed Asset Rollforward Simulation
- 55Intangible Asset Recognition Criteria
- 56Finite Lived Intangible Assets
- 57Indefinite Lived Asset Impairment
- 58Software and Cloud Computing Costs
Investments and Operating Liabilities
Measure investment portfolios and reconcile payables, accruals, and selected nonfinancial obligations.
- 59Investment Classification and Measurement
- 60Debt Investment Amortized Cost
- 61Fair Value Investment Adjustments
- 62Investment Credit Losses and Impairment
- 63Equity Method Investment Accounting
- 64Accounts Payable Cutoff Reconciliation
- 65Accrued Operating Liability Calculations
- 66Dividends Payable Recognition
- 67Asset Retirement Obligation Accounting
- 68Exit and Disposal Obligations
Debt and Owners Equity
Calculate financing balances and record corporate and pass-through equity transactions.
- 69Notes and Bonds Initial Measurement
- 70Effective Interest Debt Amortization
- 71Debt Covenant Compliance Analysis
- 72Debt Modification and Extinguishment
- 73Debtor Troubled Debt Restructuring
- 74Debt Rollforward Document Simulation
- 75Corporate Equity Issuance Entries
- 76Stock Dividends and Splits
- 77Treasury Stock Transaction Accounting
- 78Pass Through Capital Account Reconciliation
Revenue and Contribution Recognition
Apply the revenue model and nonprofit contribution rules to determine recognition timing, amounts, and journal entries.
- 79Contracts and Performance Obligations
- 80Revenue Transaction Price Measurement
- 81Transaction Price Allocation
- 82Revenue Recognition Timing
- 83Customer Contract Balance Reconciliation
- 84Customer Contract Cost Accounting
- 85Contribution and Exchange Classification
- 86Unconditional Pledge Measurement
- 87Contributed Assets and Services
- 88Agency and Intermediary Transfers
Taxes and Fair Value
Calculate income tax provisions and apply the conceptual framework for fair value measurements.
- 89Current Income Tax Calculations
- 90Deferred Tax Asset Recognition
- 91Deferred Tax Liability Recognition
- 92Deferred Tax Valuation Allowances
- 93Uncertain Income Tax Positions
- 94Income Tax Provision Simulation
- 95Fair Value Measurement Premises
- 96Fair Value Valuation Techniques
- 97Fair Value Hierarchy Classification
Lessee Lease Accounting
Classify leases and calculate lessee assets, liabilities, expenses, and subsequent adjustments.
- 98Lease Identification and Components
- 99Lessee Lease Classification
- 100Lease Term and Payment Inputs
- 101Initial Lease Asset and Liability
- 102Finance Lease Subsequent Accounting
- 103Operating Lease Subsequent Accounting
- 104Lease Remeasurement and Modification
- 105Lessee Accounting Document Simulation
Reporting Changes and Uncertainty
Resolve accounting changes, errors, contingencies, and subsequent events through focused lessons and cumulative transaction review.
- 106Accounting Principle Changes
- 107Accounting Estimate Changes
- 108Prior Period Error Corrections
- 109Loss Contingency Recognition
- 110Gain Contingencies and Commitments
- 111Subsequent Event Classification