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WELCOME! PLEASE START HERE.
1. Welcome to Farhat Lectures -
2. How to Use This Course & Resources
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3. Choosing the Right CPA Discipline
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4. CPA Exam Study Tips & Common Questions
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🚀Introduce Yourself1 Topic
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🚨🚨🚨2026 AICPA Released Questions1 Topic
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B1:M1: ENTERPRISE RISK MANAGEMENT FRAMEWORK📖Governance & Culture ERM2 Topics
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📖Strategy & Objective Setting ERM2 Topics
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📖Performance & Risk Severity2 Topics
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📖Risk Review (ERM)2 Topics
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📖Information, Communication & Reporting (ERM)2 Topics1 Quiz
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📖Application Of ERM Into ESG2 Topics1 Quiz
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🎯Comprehensive Test: Enterprise Risk Management Framework ERM Complete After reviewing Farhat and Becker1 Quiz
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🚨🚨HOW TO SOLVE SIMULATIONS (TUTORIAL + VIDEO EXAMPLES)✅ BAR CPA Exam Simulation Tutorial + 2024 and 2025 AICPA Video Questions. Miles10 Topics2 Quizzes
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B1:M2: FINANCIAL RISK MANAGEMENT📖Trade-Offs Between Risk & Return2 Topics
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📖Systematic & Unsystematic Risk2 Topics1 Quiz
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📖Currency Exchange Rate Risk2 Topics
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📖Mitigating Foreign Currency Exchange Rate Risk2 Topics
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📖Financial Risks2 Topics1 Quiz
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📖Time Value Of Money: Simple Vs. Compounding. APR Vs. EAR3 Topics1 Quiz
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📖Present Value Of Single Amount4 Topics2 Quizzes
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📖Present Value Of Annuity4 Topics
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📖Future Value Of Annuity5 Topics1 Quiz
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📖Present Value Of Bond Computation & Deferred Annuity6 Topics
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B1:M3: MARKET INFLUENCES ON BUSINESS📖Law Of Demand & Supply4 Topics2 Quizzes
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📖Market Equilibrium2 Topics1 Quiz
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📖Price Elasticity Of Demand & Supply4 Topics1 Quiz
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📖Cross Elasticity & Income Elasticity Of Demand4 Topics1 Quiz
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📖Inflation & Investments4 Topics1 Quiz
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📖Michael Porter Competitive Strategies2 Topics1 Quiz
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📖Porter's Five Forces2 Topics1 Quiz
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📖SWOT Analysis2 Topics1 Quiz
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B1:M4: INTERNATIONAL BUSINESS OPERATIONS📖Introduction To International Trade2 Topics1 Quiz
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📖Structuring International Operations2 Topics1 Quiz
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📖Exchange & Economic Risks In International Operations2 Topics1 Quiz
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📖Influences On International Operations2 Topics1 Quiz
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B1:M5: THE ECONOMIC EFFECT OF SIGNIFICANT TRANSACTIONS📖Mergers & Acquisitions2 Topics1 Quiz
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📖Divestitures2 Topics1 Quiz
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🎯Comprehensive Test: Economics Questions + AICPA Previously Released Questions3 Quizzes
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B2:M1: CAPITAL STRUCTURE📖Capital Structure Components2 Topics1 Quiz
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📖Cost Of Debt & Cost Of Preferred Stock2 Topics1 Quiz
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📖Capital Asset Pricing Model2 Topics
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📖Cost Of Retained Earnings2 Topics
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📖Bond Yield & Risk Premium (BYRP)2 Topics1 Quiz
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📖Weighted Average Cost Of Capital (WACC)2 Topics1 Quiz
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📖Optimal Capital Structure2 Topics
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📖Growth & Profitability2 Topics1 Quiz
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📖Financial Leverage2 Topics
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🎯AICPA Questions: Capital Structure1 Quiz
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B2:M2: WORKING CAPITAL MANAGEMENT📖Cash & Receivables2 Topics1 Quiz
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📖Pledging / Selling Recivables6 Topics2 Quizzes
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📖Cost Flow Assumptions - FIFO, LIFO & Weighted Average4 Topics
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📖Economic Order Quantity2 Topics
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📖Reorder Point & Safety Stock2 Topics
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📖Just In Time Management2 Topics1 Quiz
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📖Accounts Payable Management2 Topics2 Quizzes
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📖Letter of Credit2 Topics
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📖Short-Term Vs Long-Term Financing2 Topics
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🎯Comprehensive Test: Working Capital Management + AICPA previously released Questions2 Quizzes
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B2:M3: FINANCIAL VALUATION METHODS📖Basics Of Stock Options2 Topics
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📖Bonds & Bonds Valuation2 Topics
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📖Common Stock Valuation4 Topics1 Quiz
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📖Components Of Required Rate Of Return2 Topics1 Quiz
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📖Stock Valuation Using Multiples2 Topics1 Quiz
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📖Valuation Using Accounting Estimates2 Topics1 Quiz
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📖Fair Value Measurements2 Topics
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📖Fair Value Of Financial Assets/Liabilities2 Topics
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📖Fair Value Of Non-Financial Assets2 Topics
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🎯Comprehensive Test Security Valuation + AICPA Questions2 Quizzes
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B2:M4: FINANCIAL DECISION MODELS📖Time Value Of Money For Capital Budgeting7 Topics1 Quiz
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📖What is Capital Budgeting?2 Topics1 Quiz
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📖Net Present Value (NPV)5 Topics1 Quiz
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📖Depreciation Tax Shield2 Topics
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📖Internal Rate Of Return IRR6 Topics
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📖Payback & Discounted Payback Period5 Topics
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📖Accounting Rate Of Return ARR & Average Accounting Return AAR3 Topics
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📖Profitability Index PI6 Topics
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🎯Comprehensive Test: Capital Budgeting + AICPA Previously Released Questions2 Quizzes
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B2:M5: MARGINAL ANALYSIS📖Relevant & Irrelevant Cost3 Topics2 Quizzes
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📖Add Or Drop A Segment5 Topics1 Quiz
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📖Make Or Buy Components Analysis5 Topics1 Quiz
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📖Accepting Or Rejecting Special Order4 Topics1 Quiz
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📖Utilization Of A Constrained Resource3 Topics1 Quiz
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📖Sell Or Process Further Decisions5 Topics1 Quiz
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🎯Comprehensive Test: Marginal (differential) + Analysis + AICPA previously Released Questions2 Quizzes
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B3:M1: COST ACCOUNTING📖Basic Cost Accounting Terms2 Topics
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📖Three Baic Manufacturing Cost4 Topics2 Quizzes
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📖Product Cost Vs Period Cost4 Topics1 Quiz
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📖Cost Behavior: Variable, Fixed & Mixed Costs4 Topics1 Quiz
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📖Absorption & Variable Costing9 Topics3 Quizzes
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📖Segmented Income Statement Traceable & Common Fixed Cost5 Topics1 Quiz
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📖Break-Even & Common Errors3 Topics1 Quiz
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📖Job Order Costing + Predetermined Overhead Rate5 Topics1 Quiz
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📖Cost Flow In Job Order Costing5 Topics
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📖Cost Of Goods Manufactured4 Topics
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📖Under-Applied & Over-Applied Overhead5 Topics1 Quiz
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📖Process Costing (Weighted Average)4 Topics
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📖Process Costing (FIFO)8 Topics2 Quizzes
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📖Activity Based Costing11 Topics2 Quizzes
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📖Joint Product Costing & By-Product2 Topics
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🎯Comprehensive Test for: Cost Accounting Concepts + Previously released AICPA Questions2 Quizzes
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🎯Comprehensive ABC, Direct and Full (absorption) Costing : Complete After reviewing Farhat and Becker2 Quizzes
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B3:M2: PERFORMANCE MANAGEMENT📖Benchmarking2 Topics
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📖The 4 Costs Of Quality4 Topics1 Quiz
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📖Control Charts2 Topics
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📖Pareto Chart2 Topics
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📖Fishbone2 Topics
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📖Non-Financial Measures2 Topics1 Quiz
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📖Non-GAAP Measures2 Topics1 Quiz
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📖Performance Measurements2 Topics
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📖Balanced Scorecard5 Topics1 Quiz
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📖Return On Investment (ROI)4 Topics1 Quiz
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📖Residual Income5 Topics1 Quiz
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📖Economic Value Added (EVA)2 Topics
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📖Return On Equity (ROE)2 Topics
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🎯Comprehensive Test: Responsibility Accounting + Previously Released AICPA Questions : Complete After reviewing Farhat and Becker2 Quizzes
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B3:M3: PROJECTION & FORECASTING TECHNIQUES📖Projection Techniques2 Topics
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📖Simple Regression2 Topics1 Quiz
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📖High Low Method4 Topics1 Quiz
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📖Cost Volume Profit Analysis2 Topics
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📖Contribution Margin Ratio2 Topics
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📖Cost Volume Profit Application6 Topics1 Quiz
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📖Break-Even Point & Target Profit3 Topics1 Quiz
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📖Target & Cost Volume Profit Analysis3 Topics1 Quiz
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📖Margin Of Safety3 Topics1 Quiz
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📖Cost Structure & Profit Stability2 Topics
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📖Degree Of Operating Leverage (DOL)4 Topics1 Quiz
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📖Break-Even For Multi-Product4 Topics1 Quiz
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🎯AICPA Questions: Projection and Forecasting techniques2 Quizzes
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🎯Comprehensive Test: Cost Volume Profit Analysis + AICPA Practice Questions : Complete After reviewing Farhat and Becker2 Quizzes
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B3:M4: MASTER BUDGET & ITS SCCHEDULES📖Budget & Role Of Budgets2 Topics1 Quiz
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📖Budgetary Process3 Topics1 Quiz
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📖Types Of Budgets2 Topics1 Quiz
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📖Zero Based Budgeting & Rolling Budget2 Topics1 Quiz
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📖Activity Based Budgeting2 Topics1 Quiz
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📖Master Budget & related Schedules10 Topics2 Quizzes
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📖Production Budget5 Topics1 Quiz
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🎯AICPA Questions: Budgeting2 Quizzes
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B3:M5: FINANCIAL STATEMENT ANALYSIS📖Intro To Financial Statement Analysis2 Topics
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📖Vertical & Horizontal Analysis2 Topics
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📖Liquidity Ratios2 Topics
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📖Activity Ratios2 Topics
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📖Solvency Ratios2 Topics
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📖Profitability Ratios2 Topics
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📖Market/Investor Ratios2 Topics1 Quiz
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📖Comprehensive Practice Financial Statement Analysis5 Topics
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📖The Types Of Data & The 4 Vs2 Topics
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📖Data Visualization2 Topics1 Quiz
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📖The 4 Types Of Data Analytics: Descriptive, Diagnostics, Predictive & Prescriptive2 Topics1 Quiz
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📖Data Transformation2 Topics1 Quiz
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📖Primary & Foreign Key3 Topics1 Quiz
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🎯Comprehensive Test ratios: AICPA Questions2 Quizzes
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B3:M6 VARIANCE ANALYSIS📖Flexible Budget & Performance Analysis7 Topics2 Quizzes
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📖Direct Material & Labor Variance Analysis6 Topics2 Quizzes
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📖Variances Using Journal Entries6 Topics
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📖Variable & Fixed Overhead Variances4 Topics2 Quizzes
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📖Sales Variance Analysis2 Topics
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🎯Comprehensive Test Variance Analysis + Previously Released AICPA Questions : Complete After reviewing Farhat and Becker2 Quizzes
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B4:M1: INTANGIBLES📖Intangible Assets6 Topics2 Quizzes
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📖Impairment Of Intangibles3 Topics
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📖Goodwill Impairment7 Topics2 Quizzes
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📖Accounting For Computer Software Cost1 Topic1 Quiz
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📖Research & Development Cost6 Topics1 Quiz
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📖Start-Up & Initial Operating Losses4 Topics
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🎯Test: Intangibles Assets and Software Cost3 Quizzes
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B4:M2: REVENUE RECOGNITION ADVANCED TOPICS📖Contract Modification3 Topics
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📖Sales Returns & Allowances2 Topics
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📖Repurchase Agreement2 Topics
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📖Bill & Hold2 Topics
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📖Warranty & Upfront Fees3 Topics
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📖Revenue Recognition Examples2 Topics2 Quizzes
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📖Percentage Of Completion Method Losses3 Topics
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📖Percentage Of Completion Method3 Topics
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📖Cost Recovery Method For Revenue Recognition2 Topics2 Quizzes
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📖Accounting For Sales On Consignment2 Topics
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📖Sales Reconciliation2 Topics
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🎯Test: Revenue recognition1 Quiz
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B4:M3: STOCK COMPENSATION📖Accounting For Stock Options3 Topics1 Quiz
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📖Restricted Stocks3 Topics2 Quizzes
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📖Share Application Rights SARs2 Topics2 Quizzes
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🎯Test: stock compensation1 Quiz
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B4:M4: BUSINESS COMBINATIONS & CONSOLIDATED FINANCIAL STATEMENTS📖Intro To Business Combination2 Topics
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📖Variable Interest Entity2 Topics1 Quiz
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📖Business Combinations: Acquisition Method2 Topics1 Quiz
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📖Elimination Of The Investment In The Subsidiary2 Topics1 Quiz
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📖Consolidated Financial Statements2 Topics1 Quiz
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📖Impairment Of Assets (Intangibles & Goodwill)2 Topics1 Quiz
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🎯Test: Business Combinations and Consolidations + AICPA Questions2 Quizzes
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B4:M5: CONSOLIDATED FINANCIAL STATEMENTS: FOREIGN CURRENCY TRANSLATION ADJUSTMENTS📖Temporal Method: Remeasurement Model3 Topics1 Quiz
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📖Current Rate Method | Translation Of Financial Statements3 Topics1 Quiz
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📖Translation Of Retained Earnings2 Topics
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📖Translation Of Inventory, COGS, & PP&E2 Topics
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📖Translation Of Financial Statements1 Topic
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🎯AICPA Questions: Foreign Currency Translation1 Quiz
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B4:M6: DERIVATIVES & HEDGE ACCOUNTING📖Intro To Hedging & Derivative Instruments3 Topics
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📖Speculations3 Topics
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📖Fair Value Hedge4 Topics
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📖Cash Flow Hedge4 Topics
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📖Hedging Effectiveness & Documentation5 Topics2 Quizzes
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🎯Test: Derivatives and Hedging AICPA Questions1 Quiz
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B4:M7: LEASES📖Intro To Accounting For Leases2 Topics2 Quizzes
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📖Accounting For Sales-Type Lease, Lessor4 Topics
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📖Direct Financing Lease3 Topics
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📖Accounting For Operating Lease By Lessor4 Topics2 Quizzes
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📖Residual Value For Leases Guaranteed & Unguaranteed For Lessor2 Topics
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📖Initial Direct Costs & Executory Cost2 Topics1 Quiz
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📖Finance Lease Vs Operating Lease Vs Sales Type Lease1 Topic
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📖Accounting For Leases Sales - Leaseback4 Topics2 Quizzes
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🎯Test: Leases AICPA Questions1 Quiz
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B4:M8: SEGMENT REPORTING & PUBLIC COMPANY REPORTING TOPICS📖Segment Reporting3 Topics1 Quiz
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📖Extensible Business Reporting Language (XBRL)2 Topics1 Quiz
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📖Regulation SK2 Topics1 Quiz
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📖Regulation SX2 Topics1 Quiz
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🎯Comprehensive Test: Interim, SEC and Reportable Segments1 Quiz
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B4:M9: FINANCIAL STATEMENTS OF EMPLOYEE BENEFIT PLAN📖Pension Plan Financial Statements2 Topics1 Quiz
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🎯Test: Pension plans AICPA questions1 Quiz
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B5:M1: BUDGETARY & ACTIVITY ACCOUNTING📖Revenue Recognition For Governmental Accounting2 Topics
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📖Imposed Non-Exchange Revenue Recognition2 Topics
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📖Governmental Grants | On Behalf Payments | Revenue Recognition4 Topics1 Quiz
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📖Governmental Revenue Recognition Sale Of Assets2 Topics
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📖Expenditures Vs Expenses2 Topics
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📖Compensated Absences Expenditures3 Topics
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📖Pension / Claims & Judgements Expenditures4 Topics
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📖Material & Supplies3 Topics
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📖Capital Asset Under Governmental Accounting1 Topic
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📖Expenditures For Capital Asset, Interest, Principal & Capital/Operating Lease2 Topics
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📖Non-Exchange Expenditures2 Topics
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📖InterFund Governmental Activities3 Topics
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📖Governmental Leases2 Topics
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📖Elements Of Governmental Financial Statements2 Topics
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📖Categories Of Fund Balance2 Topics1 Quiz
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📖Net Position In Governmental Accounting2 Topics1 Quiz
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B5:M2: ENCUMBRANCES & OTHER TRANSACTIONS📖Governmental Budgeting | Appropriations | Encumbrances | Estimated Revenues3 Topics
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📖Encumbrances Lapse At Year End | Encumbrances Don't Lapse At Year End3 Topics2 Quizzes
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B5:M3: GOVERNMENTAL FUNDS & FINANCIAL STATEMENTS: PART 1📖Governmental Funds3 Topics
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📖Special Revenue Funds2 Topics1 Quiz
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📖Debt Service Funds2 Topics1 Quiz
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B5:M4: GOVERNMENTAL FUNDS & FINANCIAL STATEMENTS: PART 2📖Capital Project Funds3 Topics2 Quizzes
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📖Permanent Funds2 Topics1 Quiz
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B5:M5: PROPRIETARY FUNDS FINANCIAL STATEMENTS📖Accounting For Proprietary Funds | Enterprise Funds2 Topics
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📖Enterprise Funds | Landfill Cost2 Topics
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📖Accounting For Internal Service Funds | Proprietary Funds2 Topics
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📖Cash Flow Statement For Proprietary Funds3 Topics3 Quizzes
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📖Journal Entries For Enterprise Funds | Financial Statement1 Topic1 Quiz
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B5:M6: FIDUCIARY FUNDS FINANCIAL STATEMENTS📖Agency / Custodian Funds2 Topics
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📖Private Purpose / Investment Trust Funds2 Topics
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📖Pension Trust Funds2 Topics2 Quizzes
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B5:M7: FORM & CONTENT OF THE ANNUAL COMPREHENSIVE ANNUAL FINANCIAL REPORT📖Annual Comprehensive Financial Report (ACFR)2 Topics1 Quiz
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📖Component Units2 Topics1 Quiz
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B5:M9: FUND FINANCIAL STATEMENTS📖Proprietary Funds2 Topics
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📖Fiduciary Funds2 Topics
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📖Governmental Fund2 Topics
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📖Fund Accounting: Elements Of Governmental Financial Statements2 Topics
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B5:M10: GOVERNMENT WIDE FINANCIAL STATEMENTS📖Government Wide Financial Statements2 Topics1 Quiz
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📖Capital Assets In Government-Wide FS2 Topics1 Quiz
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📖Fund Financial Statements2 Topics
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📖Major Fund Rules2 Topics
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📖Reconciliation Government Wide Financial Statements: Capital Assets2 Topics
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📖Reconciliation Government Wide Financial Statements: Long-Term Debt2 Topics
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📖Reconciliation Government Wide Financial Statements: Revenues & Expenses2 Topics
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📖Reconciling Internal Service Funds To Government Wide Financial Statements3 Topics2 Quizzes
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B5:M11: NOTES & SUPPLEMENTARY INFORMATION📖Management's Discussion & Analysis (MD&A) For Government2 Topics
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📖Notes To The FS - Governmental Accounting2 Topics
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📖Required Supplementary Information (Other Than MD&A)2 Topics1 Quiz
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🎯Test: Government Accounting and Reporting + AICPA Questions1 Quiz
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💡B3:M1: Cost accounting4 Quizzes
Participants 2354
🎥+✏️Time Value of Money: Simple vs. Compounding. APR vs. EAR 🟢
Lesson Progress
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Responses
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could you please add lecture for slide 9-12? It seems like this video lecture only recorded up to slide 8 and missed out slide 9-12. Thank you.
Hello Grace,
I’ve updated the PPT.
Regarding the deleted slides, they have been updated for a different lecture.
Thank you for pointing this out!
Why is the formula for interest P x I x N if the formula is Interest = Principal x Interest x Time? What does the “N” stand for?
Hello Kelsey,
“N” stands for the number of periods.
I hope this helps!
Thanks, the video skips that part and does not explain.
Hi Kelsey,
Glad to help, and thank you for pointing that out!
Why is the total interest in the compound interest written as 576.25? Isn’t it 1,576.25?
Hello Hager,
You are correct, the total compound interest is $1,576.25, not $576.25.
Professor Farhat manually corrected the typo around timestamp 10:14.
I’ve also corrected the typo in the PPT slide.
Thank you for bringing this to our attention!