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CPA FAR - Financial Accounting and Reporting Cheat Sheet

12 practice tests · 405 questions

Pick an answer to see if it was correct and why, then continue.

Test 1
Classified Balance Sheet Preparation and Error Correction, Income Statement and Foreign Currency Transactions, Comprehensive Income and Statement of Changes in Equity
31 questions
Test 2
Statement of Cash Flows (Indirect Method), Consolidated Financial Statements and Noncontrolling Interests, Notes to the Financial Statements
31 questions
Test 3
Not-for-Profit Statement of Financial Position and Net Assets, Not-for-Profit Statement of Activities and Functional Expenses, Not-for-Profit Statement of Cash Flows and Notes
30 questions
Test 4
Governmental Measurement Focus and Basis of Accounting, Governmental Fund Types and Purpose of Funds, SEC Reporting: Forms 10-K, 10-Q and 8-K
33 questions
Test 5
Earnings Per Share (Basic and Diluted), Special Purpose Frameworks (Cash, Modified Cash, Tax Basis), Financial Ratios: Profitability and Liquidity
36 questions
Test 6
Financial Ratios: Solvency, Performance Metrics and Variances, Cash and Cash Equivalents and Bank Reconciliation, Trade Receivables, Allowances and Transfers
35 questions
Test 7
Inventory: Costing Methods and Valuation, Property, Plant and Equipment: Recognition, Depreciation and Disposal, Long-Lived Asset Impairment and Held-for-Sale
36 questions
Test 8
Investments at Fair Value, Investments at Amortized Cost and Credit Losses, Equity Method Investments
28 questions
Test 9
Intangible Assets and Capitalized Software, Payables, Accrued Liabilities and Asset Retirement Obligations, Notes and Bonds Payable: Interest and Carrying Amount
33 questions
Test 10
Debt Modifications, Extinguishments and Covenant Compliance, Equity Transactions (Issuance, Dividends, Splits, Treasury Stock), Accounting Changes and Error Corrections
29 questions
Test 11
Contingencies and Commitments, Revenue Recognition: The Five-Step Model, Not-for-Profit Contributions and Revenue Recognition
36 questions
Test 12 · Final
Accounting for Income Taxes, Fair Value Measurement, Lessee Accounting, Subsequent Events
47 questions
+150 XP

Classified Balance Sheet Preparation and Error Correction, Income Statement and Foreign Currency Transactions, Comprehensive Income and Statement of Changes in Equity

Statement of Cash Flows (Indirect Method), Consolidated Financial Statements and Noncontrolling Interests, Notes to the Financial Statements

Not-for-Profit Statement of Financial Position and Net Assets, Not-for-Profit Statement of Activities and Functional Expenses, Not-for-Profit Statement of Cash Flows and Notes

Governmental Measurement Focus and Basis of Accounting, Governmental Fund Types and Purpose of Funds, SEC Reporting: Forms 10-K, 10-Q and 8-K

Earnings Per Share (Basic and Diluted), Special Purpose Frameworks (Cash, Modified Cash, Tax Basis), Financial Ratios: Profitability and Liquidity

Financial Ratios: Solvency, Performance Metrics and Variances, Cash and Cash Equivalents and Bank Reconciliation, Trade Receivables, Allowances and Transfers

Inventory: Costing Methods and Valuation, Property, Plant and Equipment: Recognition, Depreciation and Disposal, Long-Lived Asset Impairment and Held-for-Sale

Investments at Fair Value, Investments at Amortized Cost and Credit Losses, Equity Method Investments

Intangible Assets and Capitalized Software, Payables, Accrued Liabilities and Asset Retirement Obligations, Notes and Bonds Payable: Interest and Carrying Amount

Debt Modifications, Extinguishments and Covenant Compliance, Equity Transactions (Issuance, Dividends, Splits, Treasury Stock), Accounting Changes and Error Corrections

Contingencies and Commitments, Revenue Recognition: The Five-Step Model, Not-for-Profit Contributions and Revenue Recognition

Accounting for Income Taxes, Fair Value Measurement, Lessee Accounting, Subsequent Events

Classified Balance Sheet Preparation and Error Correction, Income Statement and Foreign Currency Transactions, Comprehensive Income and Statement of Changes in Equity

Statement of Cash Flows (Indirect Method), Consolidated Financial Statements and Noncontrolling Interests, Notes to the Financial Statements

Not-for-Profit Statement of Financial Position and Net Assets, Not-for-Profit Statement of Activities and Functional Expenses, Not-for-Profit Statement of Cash Flows and Notes

Governmental Measurement Focus and Basis of Accounting, Governmental Fund Types and Purpose of Funds, SEC Reporting: Forms 10-K, 10-Q and 8-K

Earnings Per Share (Basic and Diluted), Special Purpose Frameworks (Cash, Modified Cash, Tax Basis), Financial Ratios: Profitability and Liquidity

Financial Ratios: Solvency, Performance Metrics and Variances, Cash and Cash Equivalents and Bank Reconciliation, Trade Receivables, Allowances and Transfers

Inventory: Costing Methods and Valuation, Property, Plant and Equipment: Recognition, Depreciation and Disposal, Long-Lived Asset Impairment and Held-for-Sale

Investments at Fair Value, Investments at Amortized Cost and Credit Losses, Equity Method Investments

Intangible Assets and Capitalized Software, Payables, Accrued Liabilities and Asset Retirement Obligations, Notes and Bonds Payable: Interest and Carrying Amount

Debt Modifications, Extinguishments and Covenant Compliance, Equity Transactions (Issuance, Dividends, Splits, Treasury Stock), Accounting Changes and Error Corrections

Contingencies and Commitments, Revenue Recognition: The Five-Step Model, Not-for-Profit Contributions and Revenue Recognition

Accounting for Income Taxes, Fair Value Measurement, Lessee Accounting, Subsequent Events