CPA Financial Accounting and Reporting Far · Lessons

CPA Financial Accounting and Reporting Far lessons

4 sections · 54 skills · work through the full outline skill by skill — read the long-form lesson or flip through the slide-style version.

Long-form lessonsSlide-style lessons

Practice 54 skills across this outline.

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Sales-Type And Direct Financing Leases

Select Financial Statement Accounts · Liabilities

Long-form lesson

Weighting distribution

18 categories

Financial Reporting · General Skills

18%

Select Transactions · Revenue Recognition

10%

State And Local Governments · General Skills

State And Local Governments · Governmental Fund Accounting

Select Financial Statement Accounts · Liabilities

Select Transactions · General Skills

Skills

The comprehensive taxonomy of cpa financial accounting and reporting far — drill into a card to work its skills.

Select Financial Statement Accounts · Liabilities

7 core skills8% total weight

0/7 completed

7 skills to mastery

Sales-Type And Direct Financing LeasesRecommended

Long-form

Account For Pension And Postretirement BenefitsAvailable

Long-form

Bonds Issued At Par, Discount, PremiumAvailable

Long-form

Accounts Payable And Accrued LiabilitiesAvailable

Long-form

Amortize Bond Discounts And PremiumsAvailable

Long-form

Evaluate And Record Loss ContingenciesAvailable

Long-form

Operating And Finance Leases (Lessee)Available

Long-form

Select Financial Statement Accounts · Equity

4 core skills5% total weight

0/4 completed

4 skills to mastery

Account For Common And Preferred StockAvailable

Long-form

Account For Dividends And Retained EarningsAvailable

Long-form

Account For Treasury Stock TransactionsAvailable

Long-form

Account For Stock-Based CompensationAvailable

Long-form

Select Financial Statement Accounts · Assets

3 core skills3% total weight

0/3 completed

3 skills to mastery

Account For Asset Disposals And ImpairmentAvailable

Long-form

Account For Intangible Assets And GoodwillAvailable

Long-form

Capitalize And Depreciate Fixed AssetsAvailable

Long-form

Select Financial Statement Accounts · Cash And Receivables

2 core skills2% total weight

0/2 completed

2 skills to mastery

Account For Cash And Cash EquivalentsAvailable

Long-form

Account For Accounts Receivable And AllowanceAvailable

Long-form

Select Financial Statement Accounts · Investments

2 core skills2% total weight

0/2 completed

2 skills to mastery

Account For Equity And Debt InvestmentsAvailable

Long-form

Apply Fair Value MeasurementAvailable

Long-form

Select Financial Statement Accounts · Inventory

2 core skills4% total weight

0/2 completed

2 skills to mastery

Apply Inventory Costing MethodsAvailable

Long-form

Inventory Valuation And Write-DownsAvailable

Long-form

Select Financial Statement Accounts · General Skills

1 core skills2% total weight

0/1 completed

1 skill to mastery

Research and Development CostsAvailable

Long-form

Financial Reporting · Accounting Changes And Errors

3 core skills3% total weight

0/3 completed

3 skills to mastery

Account For Changes In EstimatesAvailable

Long-form

Account For Changes In Accounting PrincipleAvailable

Long-form

Correct Prior Period ErrorsAvailable

Long-form

Financial Reporting · General Skills

7 core skills18% total weight

0/7 completed

7 skills to mastery

Apply FASB Conceptual FrameworkAvailable

Long-form

Calculate Basic And Diluted EPSAvailable

Long-form

Public Company Reporting RequirementsAvailable

Long-form

Employee Benefit Plan Financial StatementsAvailable

Long-form

Identify And Classify Subsequent EventsAvailable

Long-form

Identify Sources Of Authoritative GAAPAvailable

Long-form

Report Comprehensive IncomeAvailable

Long-form

Financial Reporting · Reporting Requirements

2 core skills2% total weight

0/2 completed

2 skills to mastery

Apply Interim Reporting RequirementsAvailable

Long-form

Apply Segment Reporting RequirementsAvailable

Long-form

Financial Reporting · Financial Statement Presentation

2 core skills3% total weight

0/2 completed

2 skills to mastery

Identify Required Financial Statement DisclosuresAvailable

Long-form

Prepare Classified Financial StatementsAvailable

Long-form

Select Transactions · General Skills

5 core skills8% total weight

0/5 completed

5 skills to mastery

Account For Government AssistanceAvailable

Long-form

Account For Derivative InstrumentsAvailable

Long-form

Account For Business CombinationsAvailable

Long-form

Prepare Consolidated Financial StatementsAvailable

Long-form

Select Transactions · Revenue Recognition

3 core skills10% total weight

0/3 completed

3 skills to mastery

Account For Contract ModificationsAvailable

Long-form

Allocate Transaction Price To Performance ObligationsAvailable

Long-form

Apply Five-Step Revenue Recognition ModelAvailable

Long-form

Select Transactions · Income Taxes

2 core skills4% total weight

0/2 completed

2 skills to mastery

Account For Permanent And Temporary DifferencesAvailable

Long-form

Deferred Tax Assets And LiabilitiesAvailable

Long-form

Select Transactions · Foreign Currency

2 core skills3% total weight

0/2 completed

2 skills to mastery

Translate Foreign Currency TransactionsAvailable

Long-form

Translate Foreign Financial StatementsAvailable

Long-form

State And Local Governments · Proprietary And Fiduciary Funds

2 core skills7% total weight

0/2 completed

2 skills to mastery

Account For Proprietary FundsAvailable

Long-form

Account For Fiduciary FundsAvailable

Long-form

State And Local Governments · General Skills

3 core skills9% total weight

0/3 completed

3 skills to mastery

Account For Budgetary EntriesAvailable

Long-form

Apply Governmental Reporting RequirementsAvailable

Long-form

Prepare Government-Wide Financial StatementsAvailable

Long-form

State And Local Governments · Governmental Fund Accounting

2 core skills9% total weight

0/2 completed

2 skills to mastery

Apply Modified Accrual AccountingAvailable

Long-form

Classify Governmental FundsAvailable

Long-form