CPA FAR - Financial Accounting and Reporting
Learn financial accounting and reporting for businesses and other entities under US reporting standards.
Learning Objectives
5 objectivesPrepare and interpret general-purpose financial statements for for-profit and not-for-profit entities.
Describe state and local government reporting concepts, public company reporting and special purpose frameworks.
Account for select balance sheet items
cash, receivables, inventory, property, plant and equipment, investments, intangibles, payables, debt and equity.
Account for select transactions
revenue recognition, leases, income taxes, contingencies, fair value measurements, accounting changes and error corrections.
Use ratios and performance metrics to analyse financial statements.
Programme Outline
3 topicsFinancial reporting
The frameworks and concepts behind financial statements for different types of entity.
Select balance sheet accounts
The accounting treatment and disclosure of the main asset, liability and equity accounts.
Select transactions
Recognition and measurement for the transactions that most affect reported results.
Hands-On Resources
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