Financial Accounting and Reporting Exam Overview

Conceptual Framework, Standard-Setting and Financial Reporting

Conceptual Framework and Standard-setting for Business and Nonbusiness Entities

• Conceptual Framework (10 lessons)
• Public Company Reporting Topics & EPS (11 lessons)
• Special Purpose Frameworks: Accrual vs Cash Basis Accounting (7 lessons)
• Financial Statement Ratios and Performance Metrics (15 lessons)

Financial Statements: For-profit Entities

• Balance Sheet / Statement of Financial Position (10 lessons)
• Income Statement / Statement of Profit or Loss (11 lessons)
• Statement of Comprehensive Income (11 lessons)
• Statement of Cash Flows: For-profit and Non-for-profit (11 lessons)
• Notes to Financial Statements (15 lessons)

Financial Statements: Nongovernmental, Not-for-profit Entities

• Non-for-profit: Statement of Financial Position (8 lessons)
• Non-for-profit: Statement of Activities (19 lessons)

Select Financial Statement Accounts

Financial Statement Accounts

• Cash and Cash Equivalents (7 lessons)
• Trade Receivables (13 lessons)
• Inventory (21 lessons)
• Property, Plant and Equipment (19 lessons)
• Intangibles (14 lessons)
• Payables and Accrued Liabilities (13 lessons)
• Equity (16 lessons)
• Revenue Recognition (9 lessons)
• Income Taxes (11 lessons)

Investments & Long-term Debt

• Financial Investments at Fair Value and Amortized Cost (11 lessons)
• Equity Method Investments (11 lessons)
• Debt, Notes and Bonds Payable (12 lessons)

Select Transactions

Select Transactions

• Accounting Changes and Error Corrections (8 lessons)
• Subsequent Events (8 lessons)
• Fair Value Measurements (12 lessons)
• Business Combinations (13 lessons)
• Contingencies and Commitments (9 lessons)
• Leases (9 lessons)
• Research and Development Costs (8 lessons)
• Software Costs (7 lessons)

State and Local Governments

State and Local Government Concepts

• Governmental Assets, Liabilities, Revenues, and Expenses (14 lessons)
• Governmental Accounting: Measurement Focus and Basis (7 lessons)