Financial accounting & reporting

FAR Course 2025

Welcome to FAR

Welcome to FAR – The Breezy Method

FAR Study Guide + FAR Cram Course

📚 FAR – The Complete Breezy Study Guide (230 pages)
📚 FAR – The Complete Breezy Cram Course (80 pages)

Financial Accounting & Reporting Introduction

🎦 10K Annual Report Overview (16 min)
🎦 Framework & Basic Concepts (6 min)
🎦 Characteristics of Financial Reporting (4 min)
🎦 Financial Statements Overview (23 min)

General-Purpose Financial Reporting: For-Profit Business Entities

🎦 Balance Sheet & Statement of Financial Position (8 min)
💡Simulation – Financial Reporting
🎦 Income Statement & Statement of Profit or Loss (12 min)
🎦 Statement of Comprehensive Income (4 min)
📝 Quiz (10 Questions)
🎦 Statement of Stockholders Equity (18 min)
💡Simulation – Stockholders Equity
🎦 Statement of Cash Flows (27 min)
💡Simulation – Cash Flows
📝 Quiz (5 Questions)
🎦 Consolidated Financial Statements (14 min)
💡Simulation – Consolidation
📝 Quiz (6 Questions)

General-Purpose Financial Reporting: Non-Profit Entities

🎦 General-Purpose Financial Reporting: Non-Profit Entities (19 min)
📝 Quiz (20 Questions)

General-Purpose Financial Reporting: Governmental Entities

🎦 Government Accounting Introduction (13 min)
🎦 Modified Accrual vs. Standard Accrual (7 min)
🎦 Types of Government Funds (13 min)
🎦 Governmental Revenue & Expenses (10 min)
🎦 Governmental Financial Statements (9 min)
📝 Quiz (20 Questions)

Public Company Reporting Topics

🎦 Conceptual Framework & Earnings Per Share (25 min)
💡Simulation – Marketable Securities
📝 Quiz (10 Questions)
🎦 Interim (Quarterly) Financial Reporting (10 min)
📝 Quiz (10 Questions)

Financial Statement Ratios and Performance Metrics

🎦 Financial Statement Ratios and Performance Metrics (9 min)
💡Simulation – Financial Ratios
📝 Quiz (10 Questions)

Cash & Cash Equivalents

🎦 Cash & Cash Equivalents (5 min)
💡 Simulation – Cash Reconciliation
📝 Quiz (5 Questions)

Trade Receivables

🎦 Trade Receivables (19 min)
📝 Quiz (10 Questions)
🎦 Installment Sales (14 min)
📝 Quiz (10 Questions)

Inventory

🎦 Inventory Analysis (13 min)
💡Simulation – Inventory Analysis
🎦 Inventory Costing Methods (14 min)
💡Simulation – Inventory Valuation
📝 Quiz (10 Questions)
🎦 Lower of Cost or Market (7 min)
📝 Quiz (6 Questions)

Property, Plant & Equipment

🎦 Fixed Assets (10 min)
🎦 Capitalization of Interest (9 min)
🎦 Depreciation (12 min)
💡Simulation – Depreciation
📝 Quiz (6 Questions)
🎦 Impairments (6 min)
📝 Quiz (7 Questions)
🎦 Disposal & Exchanges (7 min)
📝 Quiz (10 Questions)

Investments

🎦 Marketable Securities (9 min)
💡Simulation – Fair Value Securities
📝 Quiz (15 Questions)
🎦 Hedges (12 min)
📝 Quiz (12 Questions)
🎦 Derivatives (8 min)
📝 Quiz (10 Questions)

Intangible Assets

🎦 Intangible Assets (20 min)
💡Simulation – Asset Classification
📝 Quiz (15 Questions)

Liabilities

🎦 Liabilities (15 min)
💡Simulation – Classification of Liabilities
📝 Quiz (10 Questions)

Bonds & Present Value

🎦 Bonds & Present Value (21 min)
💡Simulation – Bond Analysis
📝 Quiz (10 Questions)

Equity

🎦 Equity (18 min)
📝 Quiz (10 Questions)

Accounting Changes & Error Corrections

🎦 Accounting Changes & Error Corrections (17 min)
💡Simulation – Accounting Changes
💡 Simulation – Error Correction
📝 Quiz (10 Questions)

Revenue Recognition

🎦 Revenue Recognition (12 min)
💡Simulation – Aging Analysis
📝 Quiz (10 Questions)

Accounting for Income Taxes

🎦 Deferred Taxes (13 min)
💡 Simulation – Taxes
🎦 Deferred Taxes Simulation (15 min)
💡 Simulation – Tax Differences
📝 Quiz (10 Questions)

Fair Value Measurements

🎦 Fair Value Measurements (10 min)
💡Simulation – Fair Value
📝 Quiz (8 Questions)

Lease Accounting

🎦 Lease Accounting (16 min)
💡Simulation – Lease Components
💡Simulation – Lease Types
💡Simulation – Capital Lease
💡Simulation – Finance Lease
📝 Quiz (10 Questions)

Subsequent Events

🎦 Subsequent Events (4 min)
📝 Quiz (5 Questions)

International Financial Reporting Standards (IFRS)

🎦 Introduction to IFRS (18 min)
🎦 IFRS Financial Statements (35 min)
📝 Quiz (20 Questions)

Final Exam + Solutions

📝 FAR Final Exam #1
📝 FAR Final Exam #2
💡 FAR Final Exam – Simulation
  • Welcome to FAR
    • Welcome to FAR – The Breezy Method
  • FAR Study Guide + FAR Cram Course
    • 📚 FAR – The Complete Breezy Study Guide (230 pages)
    • 📚 FAR – The Complete Breezy Cram Course (80 pages)
  • Financial Accounting & Reporting Introduction
    • 🎦 10K Annual Report Overview (16 min)
    • 🎦 Framework & Basic Concepts (6 min)
    • 🎦 Characteristics of Financial Reporting (4 min)
    • 🎦 Financial Statements Overview (23 min)
  • General-Purpose Financial Reporting: For-Profit Business Entities
    • 🎦 Balance Sheet & Statement of Financial Position (8 min)
    • 💡Simulation – Financial Reporting
    • 🎦 Income Statement & Statement of Profit or Loss (12 min)
    • 🎦 Statement of Comprehensive Income (4 min)
    • 📝 Quiz (10 Questions)
    • 🎦 Statement of Stockholders Equity (18 min)
    • 💡Simulation – Stockholders Equity
    • 🎦 Statement of Cash Flows (27 min)
    • 💡Simulation – Cash Flows
    • 📝 Quiz (5 Questions)
    • 🎦 Consolidated Financial Statements (14 min)
    • 💡Simulation – Consolidation
    • 📝 Quiz (6 Questions)
  • General-Purpose Financial Reporting: Non-Profit Entities
    • 🎦 General-Purpose Financial Reporting: Non-Profit Entities (19 min)
    • 📝 Quiz (20 Questions)
  • General-Purpose Financial Reporting: Governmental Entities
    • 🎦 Government Accounting Introduction (13 min)
    • 🎦 Modified Accrual vs. Standard Accrual (7 min)
    • 🎦 Types of Government Funds (13 min)
    • 🎦 Governmental Revenue & Expenses (10 min)
    • 🎦 Governmental Financial Statements (9 min)
    • 📝 Quiz (20 Questions)
  • Public Company Reporting Topics
    • 🎦 Conceptual Framework & Earnings Per Share (25 min)
    • 💡Simulation – Marketable Securities
    • 📝 Quiz (10 Questions)
    • 🎦 Interim (Quarterly) Financial Reporting (10 min)
    • 📝 Quiz (10 Questions)
  • Financial Statement Ratios and Performance Metrics
    • 🎦 Financial Statement Ratios and Performance Metrics (9 min)
    • 💡Simulation – Financial Ratios
    • 📝 Quiz (10 Questions)
  • Cash & Cash Equivalents
    • 🎦 Cash & Cash Equivalents (5 min)
    • 💡 Simulation – Cash Reconciliation
    • 📝 Quiz (5 Questions)
  • Trade Receivables
    • 🎦 Trade Receivables (19 min)
    • 📝 Quiz (10 Questions)
    • 🎦 Installment Sales (14 min)
    • 📝 Quiz (10 Questions)
  • Inventory
    • 🎦 Inventory Analysis (13 min)
    • 💡Simulation – Inventory Analysis
    • 🎦 Inventory Costing Methods (14 min)
    • 💡Simulation – Inventory Valuation
    • 📝 Quiz (10 Questions)
    • 🎦 Lower of Cost or Market (7 min)
    • 📝 Quiz (6 Questions)
  • Property, Plant & Equipment
    • 🎦 Fixed Assets (10 min)
    • 🎦 Capitalization of Interest (9 min)
    • 🎦 Depreciation (12 min)
    • 💡Simulation – Depreciation
    • 📝 Quiz (6 Questions)
    • 🎦 Impairments (6 min)
    • 📝 Quiz (7 Questions)
    • 🎦 Disposal & Exchanges (7 min)
    • 📝 Quiz (10 Questions)
  • Investments
    • 🎦 Marketable Securities (9 min)
    • 💡Simulation – Fair Value Securities
    • 📝 Quiz (15 Questions)
    • 🎦 Hedges (12 min)
    • 📝 Quiz (12 Questions)
    • 🎦 Derivatives (8 min)
    • 📝 Quiz (10 Questions)
  • Intangible Assets
    • 🎦 Intangible Assets (20 min)
    • 💡Simulation – Asset Classification
    • 📝 Quiz (15 Questions)
  • Liabilities
    • 🎦 Liabilities (15 min)
    • 💡Simulation – Classification of Liabilities
    • 📝 Quiz (10 Questions)
  • Bonds & Present Value
    • 🎦 Bonds & Present Value (21 min)
    • 💡Simulation – Bond Analysis
    • 📝 Quiz (10 Questions)
  • Equity
    • 🎦 Equity (18 min)
    • 📝 Quiz (10 Questions)
  • Accounting Changes & Error Corrections
    • 🎦 Accounting Changes & Error Corrections (17 min)
    • 💡Simulation – Accounting Changes
    • 💡 Simulation – Error Correction
    • 📝 Quiz (10 Questions)
  • Revenue Recognition
    • 🎦 Revenue Recognition (12 min)
    • 💡Simulation – Aging Analysis
    • 📝 Quiz (10 Questions)
  • Accounting for Income Taxes
    • 🎦 Deferred Taxes (13 min)
    • 💡 Simulation – Taxes
    • 🎦 Deferred Taxes Simulation (15 min)
    • 💡 Simulation – Tax Differences
    • 📝 Quiz (10 Questions)
  • Fair Value Measurements
    • 🎦 Fair Value Measurements (10 min)
    • 💡Simulation – Fair Value
    • 📝 Quiz (8 Questions)
  • Lease Accounting
    • 🎦 Lease Accounting (16 min)
    • 💡Simulation – Lease Components
    • 💡Simulation – Lease Types
    • 💡Simulation – Capital Lease
    • 💡Simulation – Finance Lease
    • 📝 Quiz (10 Questions)
  • Subsequent Events
    • 🎦 Subsequent Events (4 min)
    • 📝 Quiz (5 Questions)
  • International Financial Reporting Standards (IFRS)
    • 🎦 Introduction to IFRS (18 min)
    • 🎦 IFRS Financial Statements (35 min)
    • 📝 Quiz (20 Questions)
  • Final Exam + Solutions
    • 📝 FAR Final Exam #1
    • 📝 FAR Final Exam #2
    • 💡 FAR Final Exam – Simulation