Intermediate Accounting
Revenue Recognition Examples: ASC 606 Allocation and Journal Entries
Revenue recognition is the accounting rule that decides when, and how much, revenue a company records. Under ASC 606 (US GAAP) and IFRS 15, a
Accounting & Exam Prep Hub
Understand the concepts. Work through examples. Prepare with confidence.
Accounting & Exam Prep Guides | Farhat Lectures
Explore Articles & Study Guides
Find articles for your studies
Choose an exam, a subject, or both.
BAR
SEC Reporting Requirements: Forms 10-K, 10-Q, 8-K and Deadlines
SEC reporting requirements are the disclosure rules that public companies must follow under the Securities Exchange Act of 1934. Most U.S. public companies file an
FAR
Earnings Per Share (EPS): Basic and Diluted EPS Explained
What Is Earnings Per Share (EPS)? Earnings per share (EPS) is the portion of a company’s net income allocated to each share of common stock.
Intermediate Accounting
Classified Balance Sheet
What Is a Classified Balance Sheet? A classified balance sheet groups a company’s assets and liabilities into current and noncurrent categories, with a subtotal for
Stock Warrants Explained: Meaning, Uses, and Accounting
A stock warrant is a contract issued by a company that gives the holder the right, but not the obligation, to buy the company’s shares
CPA Exam Advice
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 interpret your performance report and build a focused retake plan.
AUD
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 with original scenarios and Farhat Lectures resources.
AUD
Government Auditing Standards (The Yellow Book): A Comprehensive Guide
Government Auditing Standards, also called the Yellow Book or GAGAS, are audit standards issued by the U.S. Government Accountability Office (GAO). Auditors follow them when
CPA Exams
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 resources.
Financial accounting
Balance Sheet Explained: Format, Example, and How to Read It
Learn what a balance sheet reports, explore assets, liabilities, and equity, and follow a worked example with clear explanations from Farhat Lectures.