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Financial accounting & reporting
FAR Course 2025
Welcome to FAR
FAR Study Guide + FAR Cram Course
Financial Accounting & Reporting Introduction
General-Purpose Financial Reporting: For-Profit Business Entities
General-Purpose Financial Reporting: Non-Profit Entities
General-Purpose Financial Reporting: Governmental Entities
Public Company Reporting Topics
Financial Statement Ratios and Performance Metrics
Cash & Cash Equivalents
Trade Receivables
Inventory
Property, Plant & Equipment
Investments
Intangible Assets
Liabilities
Bonds & Present Value
Equity
Accounting Changes & Error Corrections
Revenue Recognition
Accounting for Income Taxes
Fair Value Measurements
Lease Accounting
Subsequent Events
International Financial Reporting Standards (IFRS)
Final Exam + Solutions
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Welcome to FAR
- Welcome to FAR – The Breezy Method
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FAR Study Guide + FAR Cram Course
- 📚 FAR – The Complete Breezy Study Guide (230 pages)
- 📚 FAR – The Complete Breezy Cram Course (80 pages)
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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)
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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)
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General-Purpose Financial Reporting: Non-Profit Entities
- 🎦 General-Purpose Financial Reporting: Non-Profit Entities (19 min)
- 📝 Quiz (20 Questions)
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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)
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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)
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Financial Statement Ratios and Performance Metrics
- 🎦 Financial Statement Ratios and Performance Metrics (9 min)
- 💡Simulation – Financial Ratios
- 📝 Quiz (10 Questions)
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Cash & Cash Equivalents
- 🎦 Cash & Cash Equivalents (5 min)
- 💡 Simulation – Cash Reconciliation
- 📝 Quiz (5 Questions)
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Trade Receivables
- 🎦 Trade Receivables (19 min)
- 📝 Quiz (10 Questions)
- 🎦 Installment Sales (14 min)
- 📝 Quiz (10 Questions)
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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)
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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)
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Investments
- 🎦 Marketable Securities (9 min)
- 💡Simulation – Fair Value Securities
- 📝 Quiz (15 Questions)
- 🎦 Hedges (12 min)
- 📝 Quiz (12 Questions)
- 🎦 Derivatives (8 min)
- 📝 Quiz (10 Questions)
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Intangible Assets
- 🎦 Intangible Assets (20 min)
- 💡Simulation – Asset Classification
- 📝 Quiz (15 Questions)
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Liabilities
- 🎦 Liabilities (15 min)
- 💡Simulation – Classification of Liabilities
- 📝 Quiz (10 Questions)
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Bonds & Present Value
- 🎦 Bonds & Present Value (21 min)
- 💡Simulation – Bond Analysis
- 📝 Quiz (10 Questions)
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Equity
- 🎦 Equity (18 min)
- 📝 Quiz (10 Questions)
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Accounting Changes & Error Corrections
- 🎦 Accounting Changes & Error Corrections (17 min)
- 💡Simulation – Accounting Changes
- 💡 Simulation – Error Correction
- 📝 Quiz (10 Questions)
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Revenue Recognition
- 🎦 Revenue Recognition (12 min)
- 💡Simulation – Aging Analysis
- 📝 Quiz (10 Questions)
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Accounting for Income Taxes
- 🎦 Deferred Taxes (13 min)
- 💡 Simulation – Taxes
- 🎦 Deferred Taxes Simulation (15 min)
- 💡 Simulation – Tax Differences
- 📝 Quiz (10 Questions)
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Fair Value Measurements
- 🎦 Fair Value Measurements (10 min)
- 💡Simulation – Fair Value
- 📝 Quiz (8 Questions)
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Lease Accounting
- 🎦 Lease Accounting (16 min)
- 💡Simulation – Lease Components
- 💡Simulation – Lease Types
- 💡Simulation – Capital Lease
- 💡Simulation – Finance Lease
- 📝 Quiz (10 Questions)
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Subsequent Events
- 🎦 Subsequent Events (4 min)
- 📝 Quiz (5 Questions)
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International Financial Reporting Standards (IFRS)
- 🎦 Introduction to IFRS (18 min)
- 🎦 IFRS Financial Statements (35 min)
- 📝 Quiz (20 Questions)
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Final Exam + Solutions
- 📝 FAR Final Exam #1
- 📝 FAR Final Exam #2
- 💡 FAR Final Exam – Simulation