Full Disclosure Principle: 3 Reporting Areas Made Simple
Learn the full disclosure principle and compare financial statements, notes, and supplementary information. Test your understanding with an interactiv…
Posts by Mansour Farhat
Materiality in Accounting: Simple Examples and Judgment
Understand materiality in accounting using original examples. Learn why size, context, and qualitative factors matter more than a fixed 5% shortcut.
Accounting Assumptions: 4 Basics Explained With Examples
Understand the four accounting assumptions and how they shape financial reports. Compare the concepts, work through original examples, and test your u…
Income Statement: Definition, Format, Components, and Example
An income statement is a financial statement that reports a company’s revenues, expenses, gains, and losses over a period of time and ends with net…
Revenue vs Expense Recognition: Rules, Examples & Quiz
Learn when revenue and expenses enter the income statement, why cash dates can differ, and how product costs and period costs affect reported profit.
CPA Exam Score of 73: 5 Smart Steps for Your Retake
A CPA Exam score of 73 is two scaled-score points below passing, but it does not mean two more correct answers would guarantee a pass. Learn how to in…
Auditing Standards for the CPA Exam: SAS, PCAOB, GAGAS, SSARS, and SSAE
Compare SAS, PCAOB, GAGAS, SSARS, and SSAE for the CPA exam. Learn how to choose the applicable standards, distinguish assurance levels, and practice …
CPA Exam Discipline: How to Choose BAR, TCP, or ISC
Compare BAR, TCP, and ISC, assess your strengths, and choose a CPA exam discipline with practical examples, study-order guidance, and Farhat Lectures …
Tax Benefit Rule Explained: Examples, State Refunds, and Exam Tips
Understand the tax benefit rule through examples of state tax refunds and reimbursements. Watch the lesson and test your knowledge with two CPA practi…
BEC to BAR: 5 Smart Steps to Strengthen Your CPA Study
Build on previous BEC study with a focused BAR preparation plan. Compare overlapping topics, review current content weights, and follow Professor Farh…