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BAR Surgent Business Analysis and Reporting Supplemental Course
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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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1A1 - FINANCIAL RISK MANAGEMENT📖Trade-offs Between Risk and Return2 Topics
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📖Systematic and Unsystematic Risk2 Topics|1 Quiz
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📖Currency Exchange Rate Risk4 Topics
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📖Financial Risks2 Topics|1 Quiz
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📖Time Value of Money: Simple vs. Compounding. APR vs. EAR3 Topics|1 Quiz
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📖Present Value Of Single Amount4 Topics|1 Quiz
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📖Present Value Of Annuity4 Topics
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📖Future Value Of Annuity5 Topics|1 Quiz
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📖Present Value Of Bond Computation & Deferred Annuity6 Topics
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📖Target Costing2 Topics
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🚨🚨HOW TO SOLVE SIMULATIONS (TUTORIAL + VIDEO EXAMPLES)✅ BAR CPA Exam Simulation Tutorial + 2024 and 2025 AICPA Video Questions. Surgent10 Topics|2 Quizzes
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🎥Understand the 4 Types of Simulations
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🎥🎯BAR AICPA 2024: MCQs and Simulations
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✏️+🎥Previously Released MCQs by AICPA | CPA Exam BAR Part 1🟢
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✏️+🎥Previously Released MCQs by AICPA | CPA Exam BAR Part 2🟢
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🎥# 1 BAR Video Simulation
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🎥# 2 BAR Video Simulation
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🎥# 3 BAR Video Simulation
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🎥# 4 BAR Video Simulation
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AICPA 2025 BAR MCQS Video Solution
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2025 AICPA Simulation BAR: Variances
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🎥Understand the 4 Types of Simulations
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1A2 - FINANCIAL STATEMENT ANALYSIS📖Financial Statement Analysis4 Topics
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📖Ratios8 Topics
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📖Market/Investor Ratios2 Topics|1 Quiz
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📖Comprehensive Practice Financial Statement Analysis5 Topics
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📖Return on Equity (ROE)2 Topics
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📖The types of Data8 Topics|3 Quizzes
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✏️+🎥The types of Data and the 4 Vs. + PPT slides🟢
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🎙️The types of Data and the 4 Vs.
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✏️+🎥Data Visualization + PPT slides🟢
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🎙️Data Visualization
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✏️+🎥The 4 Types of Data Analytics: Descriptive, Diagnostics, Predictive & Prescriptive🟢
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🎙️The 4 Types of Data Analytics: Descriptive, Diagnostics, Predictive & Prescriptive
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✏️+🎥Data Transformation🟢
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🎙️Data Transformation
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✏️+🎥The types of Data and the 4 Vs. + PPT slides🟢
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📖Primary and Foreign Key3 Topics|2 Quizzes
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1A3 - MARGINAL ANALYSIS📖Relevant and Irrelevant Cost3 Topics|2 Quizzes
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📖Add or Drop A Segment5 Topics|1 Quiz
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📖Make or Buy Component Analysis5 Topics|1 Quiz
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📖Accepting or Rejecting Special Order4 Topics|1 Quiz
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📖Utilization of a Constrained Resource3 Topics|1 Quiz
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📖Sell or Process Further Decisions5 Topics|1 Quiz
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1A4 - VARIANCE ANALYSIS📖Direct Material and Labor Variance Analysis6 Topics|2 Quizzes
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📖Variances Using Journal Entries6 Topics
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📖Variable & Fixed Overhead Variances4 Topics|2 Quizzes
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1A5 - PERFORMANCE MANAGEMENT📖Benchmarking2 Topics
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📖The 4 Costs of Quality4 Topics|1 Quiz
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📖Control & Pareto charts4 Topics
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📖Fishbone2 Topics
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📖Non-GAAP Measures2 Topics|1 Quiz
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📖Performance Measurements2 Topics
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📖Balanced Scorecard5 Topics|1 Quiz
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📖Residual Income5 Topics|1 Quiz
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1A6 - COST ACCOUNTING📖Manufacturing Costs4 Topics|2 Quizzes
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📖Product Cost Vs Period Cost4 Topics|1 Quiz
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📖Cost Behavioor: Variable, Fixed & Mixed Cost4 Topics|1 Quiz
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📖Job-Order Costing5 Topics|1 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 Topics|1 Quiz
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📖Process Costing (Weighted Average)3 Topics
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📖Process Costing (FIFO)9 Topics|2 Quizzes
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🎥+✏️Process Costing (FIFO)🟢
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🎙️Process Costing (FIFO)
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🎥+✏️Process Costing Exercise🟢
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✏️ Process Costing Journal Entries🟢
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✏️Assigning Costs to Units Using the Weighted-Average Method🟢
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✏️Equivalent Units of Production Using the Weighted-Average Method🟢
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✏️Cost per Equivalent Unit Using the FIFO Method🟢
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✏️Assigning Costs to Units Using the FIFO Method🟢
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✏️Cost Reconciliation Report Using the FIFO Method🟢
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🎥+✏️Process Costing (FIFO)🟢
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📖Activity-Based Costing11 Topics|2 Quizzes
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🎥+✏️Activity Based Costing🟢
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🎙️Activity Based Costing
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✏️+🎥Example Activity Based Costing🟢
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✏️ABC Cost Hierarchy🟢
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✏️First-Stage Allocation🟢
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✏️Compute Activity Rates🟢
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✏️Second-Stage Allocation🟢
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✏️Product and Customer Profitability Analysis🟢
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✏️Ashgrove Fabrication, Inc.: Activity-Based Costing 🟢
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✏️Ashgrove Fabrication, Inc.: Action Analysis🟢
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✏️Sterling Precision Corp: Activity-Based Costing for External Reports🟢
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🎥+✏️Activity Based Costing🟢
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📖Joint Product Costing & By-product2 Topics
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🎯Comprehensive Test Variance Analysis + Previously Released AICPA Questions2 Quizzes
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🎯Comprehensive Test ratios: AICPA Questions2 Quizzes
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🎯Comprehensive test: Responsibility Accounting + Previously Released AICPA Questions2 Quizzes
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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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1B1 - Budgeting, Forecasting, and Projection📖Capital Budgeting7 Topics|1 Quiz
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📖What Is Capital Budgeting?2 Topics|1 Quiz
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📖Net Present Value (NPV)5 Topics|1 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 Index6 Topics
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📖Buy versus Lease NPV2 Topics
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📖Economic Value Added (EVA)2 Topics
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1B2 - PROJECTION & FORECASTING TECHNIQUES📖Projection techniques2 Topics
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📖Simple regression2 Topics|1 Quiz
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📖High Low Method4 Topics|1 Quiz
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📖CVP Analysis2 Topics
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📖Contribution Margin Ratio2 Topics
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📖Cost Volume Profit Application6 Topics|1 Quiz
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🎥+✏️Cost Volume Profit Application🟢
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🎙️Cost Volume Profit Application
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✏️Computing the Contribution Margin Ratio and Variable Expense Ratio🟢
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✏️The Effect of Changes in Unit Sales on Net Operating Income🟢
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✏️Compute and Use the Degree of Operating Leverage🟢
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✏️Sable Ridge Company: Cost-Volume-Profit Relationships
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🎥+✏️Cost Volume Profit Application🟢
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📖Absorption & Variable Costing9 Topics|3 Quizzes
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🎥+✏️Absorption and Variable Costing🟢
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🎙️Absorption and Variable Costing
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🎥+✏️Example Absorption and Variable Costing🟢
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✏️Variable and Absorption Costing Unit Product Costs🟢
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✏️Variable Costing Income Statement and Net Operating Income Reconciliation🟢
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✏️Reconciliation of Absorption and Variable Costing Net Operating Incomes🟢
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✏️Cestrel Company Absorption and Variable Costing🟢
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✏️ Marlowe Corporation Variable Costing Income Stateme🟢
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✏️ Prescott Corporation🟢
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🎥+✏️Absorption and Variable Costing🟢
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📖Segmented Income Statement Traceable & Common Fixed Cost5 Topics|1 Quiz
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📖Break-Even & Common Errors3 Topics|1 Quiz
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📖Break-Even Point & Target Profit3 Topics|1 Quiz
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📖Target & Cost Volume Profit Analysis3 Topics|1 Quiz
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📖Margin Of Safety3 Topics|1 Quiz
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📖Break-Even For Multi-Product4 Topics|1 Quiz
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📖Cost Structure & Profit Stability2 Topics
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1B3 - BUDGETING📖What Is A Budget & Role Of Budgets2 Topics|1 Quiz
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📖Budgetary Process3 Topics|1 Quiz
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📖Types Of Budgets2 Topics|1 Quiz
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📖Zero Based Budgeting & Rolling Budget2 Topics|1 Quiz
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📖Activity Based Budgeting2 Topics|1 Quiz
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📖Master Budget & Related Schedules10 Topics|2 Quizzes
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🎥+✏️Master Budget and Related Schedules🟢
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🎙️Master Budget and Related Schedules
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✏️Schedule of Expected Cash Collections🟢
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✏️Direct Materials Budge🟢
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✏️Direct Labor Budget🟢
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✏️Manufacturing Overhead Budget🟢
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✏️Selling and Administrative Expense Budget🟢
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✏️Cash Budget🟢
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✏️Budgeted Balance Sheet🟢
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✏️Budgeted Income Statement🟢
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🎥+✏️Master Budget and Related Schedules🟢
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📖Production Budget6 Topics|1 Quiz
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📖Flexible Budget and Performance Analysis7 Topics|2 Quizzes
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🎯Comprehensive Test: Capital Budgeting + AICPA Previously Released Questions2 Quizzes
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🎯AICPA Previously Released Questions: Projection and Forecasting Techniques3 Quizzes
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🎯AICPA Questions: Budgeting1 Quiz
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1B4 - CAPITAL STRUCTURE📖Capital Structure Components2 Topics|1 Quiz
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📖Cost of Capital Components4 Topics|1 Quiz
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📖Capital Structure and the Weighted Average Cost of Capital6 Topics|1 Quiz
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📖Bond Yield and Risk Premium (BYRP)2 Topics|1 Quiz
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📖Degree of Operating Leverage (DOL)4 Topics|1 Quiz
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📖Growth, Profitability, and Financial Leverage4 Topics|1 Quiz
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📖Return on Investment4 Topics|1 Quiz
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1B5 - WORKING CAPITAL MANAGEMENT📖Receivables8 Topics|3 Quizzes
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📖Economic Order4 Topics
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📖Just In Time Management2 Topics|1 Quiz
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📖Risk Management2 Topics|3 Quizzes
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📖Letter of credit2 Topics
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📖Short term versus Long term financing2 Topics
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🎯AICPA Questions: Capital Structure
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🎯Comprehensive Test: Working Capital Management + AICPA previously released Questions2 Quizzes
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📖Cost Flow Assumptions4 Topics
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1B6 - FINANCIAL VALUATION METHODS📖Asset Valuation6 Topics
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📖Basics of Stock Options.2 Topics
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📖Bonds Valuation2 Topics
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📖Stock Valuation6 Topics|2 Quizzes
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📖Components of Required Rate of Return2 Topics|1 Quiz
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📖Valuation using Accounting estimates2 Topics|1 Quiz
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🎯Comprehensive Test Security Valuation + AICPA Questions2 Quizzes
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1B7 - ENTERPRISE RISK MANAGEMENT📖Governance and Culture ERM4 Topics
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📖Performance and Risk Severity4 Topics
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📖Information, Communication and Reporting (ERM)4 Topics|2 Quizzes
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🎯Comprehensive Test: Enterprise Risk Management Framework ERM1 Quiz
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1B8 - Market Influences on Business📖Law of Demand & Supply4 Topics|2 Quizzes
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📖Market Equilibrium2 Topics|1 Quiz
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📖Elasticity8 Topics|2 Quizzes
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📖Inflation4 Topics|1 Quiz
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📖Industry Factors4 Topics|2 Quizzes
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📖SWOT Analysis2 Topics|1 Quiz
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1B9 - INTERNATIONAL BUSINESS OPERATIONS📖International Trade2 Topics|1 Quiz
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📖International Operations6 Topics|3 Quizzes
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1B10 - THE ECONOMIC EFFECT OF SIGNIFICANT TRANSACTIONS📖The Economic Effect of Significant Transactions4 Topics|2 Quizzes
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🎥+✏️Mergers and Acquisitions Horizontal vs. Vertical Integration vs. Circular🟢
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🎙️Mergers and Acquisitions Horizontal vs. Vertical Integration vs. Circular
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🎥+✏️Divestures: Spin-Off, Equity Carve Out and Sale of Assets/Subsidiaries🟢
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🎙️Divestures: Spin-Off, Equity Carve Out and Sale of Assets/Subsidiaries
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🎥+✏️Mergers and Acquisitions Horizontal vs. Vertical Integration vs. Circular🟢
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🎯Comprehensive Test: Economics Questions + AICPA Previously Released Questions3 Quizzes
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🎯Comprehensive Test: Marginal (differential) + Analysis + AICPA previously Released Questions2 Quizzes
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🎯AICPA Questions: Absorption vs Contribution Costing1 Quiz
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2A - INTANGIBLES📖Intangible assets6 Topics|2 Quizzes
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📖Impairment Of Intangibles3 Topics
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📖Goodwill Impairment7 Topics|2 Quizzes
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📖Research and Development Cost6 Topics|1 Quiz
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📖Start-Up & Initial Operating Losses4 Topics
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2B - Internally Developed Software📖Accounting for Computer Software Cost1 Topic|1 Quiz
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🎯Test: Intangibles Assets and Software Cost3 Quizzes
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2C - REVENUE RECOGNITION ADVANCED TOPICS📖Percentage of Completion Method Losses4 Topics
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📖Contract Modification3 Topics
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📖Revenue Recognition9 Topics
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📖CPA Exam Simulation & Questions3 Topics|2 Quizzes
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📖Cost Recovery Method for Revenue Recognition1 Topic|2 Quizzes
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📖Accounting for Sales3 Topics|1 Quiz
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🎯Test: Revenue recognition1 Quiz
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2D - STOCK COMPENSATION📖Stock Options6 Topics|3 Quizzes
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📖Share-based payments2 Topics|2 Quizzes
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🎯Test: stock compensation1 Quiz
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2E - BUSINESS COMBINATIONS & CONSOLIDATED FINANCIAL STATEMENTS📖Business Combination6 Topics|2 Quizzes
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📖Consolidated Financial Statements2 Topics|1 Quiz
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📖 Consolidations1 Topic|1 Quiz
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📖Impairment of Assets (intangibles and Goodwill)1 Topic|1 Quiz
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🎯Test: Business Combinations and Consolidations + AICPA Questions2 Quizzes
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2F - CONSOLIDATED FINANCIAL STATEMENTS📖Temporal Method6 Topics|2 Quizzes
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📖Foreign Currency Translation5 Topics|1 Quiz
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🎯AICPA Questions: Foreign Currency Translation1 Quiz
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2G - DERIVATIVES & HEDGE ACCOUNTING📖Hedge Accounting3 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 Topics|2 Quizzes
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🎯Test: Derivatives and Hedging AICPA Questions1 Quiz
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2H - LEASES📖Accounting for Leases5 Topics|2 Quizzes
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📖Leases7 Topics
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📖Residual Value for Leases3 Topics
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📖Lessor Accounting3 Topics|1 Quiz
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📖Accounting for Leases Sales5 Topics|5 Quizzes
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🎯Test: Leases AICPA Questions1 Quiz
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2I - SEGMENT REPORTING & PUBLIC COMPANY REPORTING TOPICS📖Segment Reporting3 Topics|2 Quizzes
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📖Extensible Business Reporting Language (XBRL) & regulation6 Topics|3 Quizzes
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🎯Comprehensive Test: Interim, SEC and Reportable Segments1 Quiz
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2J - FINANCIAL STATMENTS OF EMPLOYEE BENEFIT PLANS📖Pension Plan Financial Statements2 Topics|1 Quiz
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🎯Test: Pension plans AICPA questions1 Quiz
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3A1 - FORM & CONTENT OF THE ANNUAL COMPREHENSIVE ANNUAL FINANCIAL REPORT📖Annual Comprehensive Financial Report2 Topics|1 Quiz
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📖Component Units2 Topics|1 Quiz
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3A2 - GOVERNMENT-WIDE FINANCIAL STATEMENTS📖Government wide Financial Statements2 Topics|1 Quiz
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📖Capital Assets in Government-wide FS2 Topics|1 Quiz
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📖Governmental Financial Statements4 Topics
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📖Reconciliation Government Wide Financial Statements Assets8 Topics|2 Quizzes
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✏️+🎥Reconciliation Government Wide Financial Statements Capital Assets🟢
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🎙️Reconciliation Government Wide Financial Statements Capital Assets
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✏️+🎥Reconciliation Government Wide Financial Statements: Long Term Debt🟢
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🎙️Reconciliation Government Wide Financial Statements: Long Term Debt
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✏️+🎥Reconciliation Government Wide Financial Statements: Revenues and Expenses🟢
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🎙️Reconciliation Government Wide Financial Statements: Revenues and Expenses
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✏️+🎥Reconciling Internal Service Funds to Government Wide Financial Statements🟢
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🎙️Reconciling Internal Service Funds to Government Wide Financial Statements
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✏️+🎥Reconciliation Government Wide Financial Statements Capital Assets🟢
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3A2 - Government Funds Financial Statements📖Governmental Funds3 Topics
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📖Elements of Governmental Financial Statements2 Topics
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📖Special Revenue Funds2 Topics|1 Quiz
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📖Debt Service Funds2 Topics|1 Quiz
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📖Categories of Fund Balance2 Topics|1 Quiz
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📖Interfund Governmental Activities3 Topics
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📖Net Position in Governmental Accounting2 Topics|1 Quiz
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📖Governmental Funds6 Topics|1 Quiz
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3A3 - Proprietary Funds Financial Statements📖Accounting for Proprietary Funds7 Topics|2 Quizzes
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🎥+✏️Accounting for Proprietary Funds | Enterprise funds 🟢
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🎙️Accounting for Proprietary Funds | Enterprise funds
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🎥+✏️Enterprise Funds | Landfill Cost 🟢
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🎙️Enterprise Funds | Landfill Cost
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✏️+🎥Example: Journal Entries for Enterprise Funds | Financial Statements🟢
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🎥+✏️Accounting for Internal Service Funds | Proprietary Funds 🟢
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🎙️Accounting for Internal Service Funds | Proprietary Funds
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🎥+✏️Accounting for Proprietary Funds | Enterprise funds 🟢
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📖Proprietary funds financial statements4 Topics
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📖Cash Flow statement for proprietary Funds3 Topics|2 Quizzes
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3A4 - Fiduciary Funds Financial Statements📖Private Purpose/Investment Trust Funds3 Topics
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📖Pension Trust Funds2 Topics|2 Quizzes
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3B1 - Capital Assets and Infrastructure Assets📖Capital Assets and Infrastructure Assets1 Topic
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3B2 - General and Proprietary Long-Term Liabilities📖Expenditures for Capital Asset, Interest, Principal and Capital/Operating Lease2 Topics
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📖Nonexchange Revenue Transactions2 Topics
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📖Expenditures vs. Expenses6 Topics
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📖Materials and Supplies3 Topics
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3B3 - BUDGETARY, ENCUMBRANCES & ACTIVITY ACCOUNTING📖Revenue Recognition10 Topics|2 Quizzes
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🎥+✏️Revenue Recognition for Governmental Accounting🟢
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🎙️Revenue Recognition for Governmental Accounting
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✏️+🎥 Imposed Nonexchange Revenue Recognition🟢
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🎙️Imposed Nonexchange Revenue Recognition
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🎥+✏️Governmental Grants | On Behalf Payments | Revenue Recognition🟢
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🎙️Governmental Grants | On Behalf Payments | Revenue Recognition
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🎥+✏️Governmental Revenue Recognition Sale of Assets | Permits and Licenses Revenues🟢
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🎙️Governmental Revenue Recognition Sale of Assets | Permits and Licenses Revenues
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✏️+🎥Example: Governmental Grant Revenue Recognition🟢
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✏️+🎥Example: Modified Accrual Basis Revenue🟢
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🎥+✏️Revenue Recognition for Governmental Accounting🟢
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📖Governmental Leases2 Topics
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📖Governmental Budgeting & Encumbrances6 Topics|2 Quizzes
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🎥+✏️Governmental Budgeting | Appropriations | Encumbrances | Estimated Revenues🟢
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🎙️Governmental Budgeting | Appropriations | Encumbrances | Estimated Revenues
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🎥+✏️ Example: Governmental Budgeting: Appropriations, Encumbrances, Estimated Revenues🟢
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✏️+🎥Encumbrances Lapse at Year End | Encumbrances Don't Lapse at Year End🟢
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🎙️Encumbrances Lapse at Year End | Encumbrances Don’t Lapse at Year End
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✏️+🎥Budgetary Governmental Accounting. Encumbrances. CPA Exam Questions🟢
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🎥+✏️Governmental Budgeting | Appropriations | Encumbrances | Estimated Revenues🟢
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🎯Test: Government Accounting and Reporting + AICPA Questions1 Quiz
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💡3A2 - Government Funds Financial Statements: Part 31 Topic
Participants 2357
Lesson 18,
Topic 3
In Progress
very good analysis! I like the explanations! Thanks, Professor.
Vertical And Horizontal Analysis excel file (Financial-Statements-Analysis) on the “Financial Statements” tab has two (2) Income Statements and is missing the Balance Sheet as shown in the lesson.
Hello Keisha,
Please refer to the columns “B” to “F” for the balance sheets under tab “Financial Statements”
Farhat Lectures Support Team