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BAR Surgent Business Analysis and Reporting Supplemental Course

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  1. WELCOME. PLEASE START HERE!

    1. Welcome to Farhat Lectures
  2. 2. How to Use This Course & Resources
  3. 3. Choosing the Right CPA Discipline
  4. 4. CPA Exam Study Tips & Common Questions
  5. 🚀Introduce Yourself
    1 Topic
  6. 🚨🚨🚨2026 AICPA Released Questions
    1 Topic
  7. 1A1 - FINANCIAL RISK MANAGEMENT
    📖Trade-offs Between Risk and Return
    2 Topics
  8. 📖Systematic and Unsystematic Risk
    2 Topics
    |
    1 Quiz
  9. 📖Currency Exchange Rate Risk
    4 Topics
  10. 📖Financial Risks
    2 Topics
    |
    1 Quiz
  11. 📖Time Value of Money: Simple vs. Compounding. APR vs. EAR
    3 Topics
    |
    1 Quiz
  12. 📖Present Value Of Single Amount
    4 Topics
    |
    1 Quiz
  13. 📖Present Value Of Annuity
    4 Topics
  14. 📖Future Value Of Annuity
    5 Topics
    |
    1 Quiz
  15. 📖Present Value Of Bond Computation & Deferred Annuity
    6 Topics
  16. 📖Target Costing
    2 Topics
  17. 🚨🚨HOW TO SOLVE SIMULATIONS (TUTORIAL + VIDEO EXAMPLES)
    ✅ BAR CPA Exam Simulation Tutorial + 2024 and 2025 AICPA Video Questions. Surgent
    10 Topics
    |
    2 Quizzes
  18. 1A2 - FINANCIAL STATEMENT ANALYSIS
    📖Financial Statement Analysis
    4 Topics
  19. 📖Ratios
    8 Topics
  20. 📖Market/Investor Ratios
    2 Topics
    |
    1 Quiz
  21. 📖Comprehensive Practice Financial Statement Analysis
    5 Topics
  22. 📖Return on Equity (ROE)
    2 Topics
  23. 📖The types of Data
    8 Topics
    |
    3 Quizzes
  24. 📖Primary and Foreign Key
    3 Topics
    |
    2 Quizzes
  25. 1A3 - MARGINAL ANALYSIS
    📖Relevant and Irrelevant Cost
    3 Topics
    |
    2 Quizzes
  26. 📖Add or Drop A Segment
    5 Topics
    |
    1 Quiz
  27. 📖Make or Buy Component Analysis
    5 Topics
    |
    1 Quiz
  28. 📖Accepting or Rejecting Special Order
    4 Topics
    |
    1 Quiz
  29. 📖Utilization of a Constrained Resource
    3 Topics
    |
    1 Quiz
  30. 📖Sell or Process Further Decisions
    5 Topics
    |
    1 Quiz
  31. 1A4 - VARIANCE ANALYSIS
    📖Direct Material and Labor Variance Analysis
    6 Topics
    |
    2 Quizzes
  32. 📖Variances Using Journal Entries
    6 Topics
  33. 📖Variable & Fixed Overhead Variances
    4 Topics
    |
    2 Quizzes
  34. 1A5 - PERFORMANCE MANAGEMENT
    📖Benchmarking
    2 Topics
  35. 📖The 4 Costs of Quality
    4 Topics
    |
    1 Quiz
  36. 📖Control & Pareto charts
    4 Topics
  37. 📖Fishbone
    2 Topics
  38. 📖Non-GAAP Measures
    2 Topics
    |
    1 Quiz
  39. 📖Performance Measurements
    2 Topics
  40. 📖Balanced Scorecard
    5 Topics
    |
    1 Quiz
  41. 📖Residual Income
    5 Topics
    |
    1 Quiz
  42. 1A6 - COST ACCOUNTING
    📖Manufacturing Costs
    4 Topics
    |
    2 Quizzes
  43. 📖Product Cost Vs Period Cost
    4 Topics
    |
    1 Quiz
  44. 📖Cost Behavioor: Variable, Fixed & Mixed Cost
    4 Topics
    |
    1 Quiz
  45. 📖Job-Order Costing
    5 Topics
    |
    1 Quiz
  46. 📖Cost Flow In Job-Order Costing
    5 Topics
  47. 📖Cost Of Goods Manufactured
    4 Topics
  48. 📖Under-Applied & Over-Applied Overhead
    5 Topics
    |
    1 Quiz
  49. 📖Process Costing (Weighted Average)
    3 Topics
  50. 📖Process Costing (FIFO)
    9 Topics
    |
    2 Quizzes
  51. 📖Activity-Based Costing
    11 Topics
    |
    2 Quizzes
  52. 📖Joint Product Costing & By-product
    2 Topics
  53. 🎯Comprehensive Test Variance Analysis + Previously Released AICPA Questions
    2 Quizzes
  54. 🎯Comprehensive Test ratios: AICPA Questions
    2 Quizzes
  55. 🎯Comprehensive test: Responsibility Accounting + Previously Released AICPA Questions
    2 Quizzes
  56. 🎯Comprehensive Test for: Cost Accounting Concepts + Previously released AICPA Questions
    2 Quizzes
  57. 🎯Comprehensive ABC, Direct and Full (absorption) Costing : Complete After reviewing Farhat and Becker
    2 Quizzes
  58. 1B1 - Budgeting, Forecasting, and Projection
    📖Capital Budgeting
    7 Topics
    |
    1 Quiz
  59. 📖What Is Capital Budgeting?
    2 Topics
    |
    1 Quiz
  60. 📖Net Present Value (NPV)
    5 Topics
    |
    1 Quiz
  61. 📖Depreciation Tax Shield
    2 Topics
  62. 📖Internal Rate Of Return IRR
    6 Topics
  63. 📖Payback & Discounted Payback Period
    5 Topics
  64. 📖Accounting Rate Of Return ARR & Average Accounting Return AAR
    3 Topics
  65. 📖Profitability Index
    6 Topics
  66. 📖Buy versus Lease NPV
    2 Topics
  67. 📖Economic Value Added (EVA)
    2 Topics
  68. 1B2 - PROJECTION & FORECASTING TECHNIQUES
    📖Projection techniques
    2 Topics
  69. 📖Simple regression
    2 Topics
    |
    1 Quiz
  70. 📖High Low Method
    4 Topics
    |
    1 Quiz
  71. 📖CVP Analysis
    2 Topics
  72. 📖Contribution Margin Ratio
    2 Topics
  73. 📖Cost Volume Profit Application
    6 Topics
    |
    1 Quiz
  74. 📖Absorption & Variable Costing
    9 Topics
    |
    3 Quizzes
  75. 📖Segmented Income Statement Traceable & Common Fixed Cost
    5 Topics
    |
    1 Quiz
  76. 📖Break-Even & Common Errors
    3 Topics
    |
    1 Quiz
  77. 📖Break-Even Point & Target Profit
    3 Topics
    |
    1 Quiz
  78. 📖Target & Cost Volume Profit Analysis
    3 Topics
    |
    1 Quiz
  79. 📖Margin Of Safety
    3 Topics
    |
    1 Quiz
  80. 📖Break-Even For Multi-Product
    4 Topics
    |
    1 Quiz
  81. 📖Cost Structure & Profit Stability
    2 Topics
  82. 1B3 - BUDGETING
    📖What Is A Budget & Role Of Budgets
    2 Topics
    |
    1 Quiz
  83. 📖Budgetary Process
    3 Topics
    |
    1 Quiz
  84. 📖Types Of Budgets
    2 Topics
    |
    1 Quiz
  85. 📖Zero Based Budgeting & Rolling Budget
    2 Topics
    |
    1 Quiz
  86. 📖Activity Based Budgeting
    2 Topics
    |
    1 Quiz
  87. 📖Master Budget & Related Schedules
    10 Topics
    |
    2 Quizzes
  88. 📖Production Budget
    6 Topics
    |
    1 Quiz
  89. 📖Flexible Budget and Performance Analysis
    7 Topics
    |
    2 Quizzes
  90. 🎯Comprehensive Test: Capital Budgeting + AICPA Previously Released Questions
    2 Quizzes
  91. 🎯AICPA Previously Released Questions: Projection and Forecasting Techniques
    3 Quizzes
  92. 🎯AICPA Questions: Budgeting
    1 Quiz
  93. 1B4 - CAPITAL STRUCTURE
    📖Capital Structure Components
    2 Topics
    |
    1 Quiz
  94. 📖Cost of Capital Components
    4 Topics
    |
    1 Quiz
  95. 📖Capital Structure and the Weighted Average Cost of Capital
    6 Topics
    |
    1 Quiz
  96. 📖Bond Yield and Risk Premium (BYRP)
    2 Topics
    |
    1 Quiz
  97. 📖Degree of Operating Leverage (DOL)
    4 Topics
    |
    1 Quiz
  98. 📖Growth, Profitability, and Financial Leverage
    4 Topics
    |
    1 Quiz
  99. 📖Return on Investment
    4 Topics
    |
    1 Quiz
  100. 1B5 - WORKING CAPITAL MANAGEMENT
    📖Receivables
    8 Topics
    |
    3 Quizzes
  101. 📖Economic Order
    4 Topics
  102. 📖Just In Time Management
    2 Topics
    |
    1 Quiz
  103. 📖Risk Management
    2 Topics
    |
    3 Quizzes
  104. 📖Letter of credit
    2 Topics
  105. 📖Short term versus Long term financing
    2 Topics
  106. 🎯AICPA Questions: Capital Structure
  107. 🎯Comprehensive Test: Working Capital Management + AICPA previously released Questions
    2 Quizzes
  108. 📖Cost Flow Assumptions
    4 Topics
  109. 1B6 - FINANCIAL VALUATION METHODS
    📖Asset Valuation
    6 Topics
  110. 📖Basics of Stock Options.
    2 Topics
  111. 📖Bonds Valuation
    2 Topics
  112. 📖Stock Valuation
    6 Topics
    |
    2 Quizzes
  113. 📖Components of Required Rate of Return
    2 Topics
    |
    1 Quiz
  114. 📖Valuation using Accounting estimates
    2 Topics
    |
    1 Quiz
  115. 🎯Comprehensive Test Security Valuation + AICPA Questions
    2 Quizzes
  116. 1B7 - ENTERPRISE RISK MANAGEMENT
    📖Governance and Culture ERM
    4 Topics
  117. 📖Performance and Risk Severity
    4 Topics
  118. 📖Information, Communication and Reporting (ERM)
    4 Topics
    |
    2 Quizzes
  119. 🎯Comprehensive Test: Enterprise Risk Management Framework ERM
    1 Quiz
  120. 1B8 - Market Influences on Business
    📖Law of Demand & Supply
    4 Topics
    |
    2 Quizzes
  121. 📖Market Equilibrium
    2 Topics
    |
    1 Quiz
  122. 📖Elasticity
    8 Topics
    |
    2 Quizzes
  123. 📖Inflation
    4 Topics
    |
    1 Quiz
  124. 📖Industry Factors
    4 Topics
    |
    2 Quizzes
  125. 📖SWOT Analysis
    2 Topics
    |
    1 Quiz
  126. 1B9 - INTERNATIONAL BUSINESS OPERATIONS
    📖International Trade
    2 Topics
    |
    1 Quiz
  127. 📖International Operations
    6 Topics
    |
    3 Quizzes
  128. 1B10 - THE ECONOMIC EFFECT OF SIGNIFICANT TRANSACTIONS
    📖The Economic Effect of Significant Transactions
    4 Topics
    |
    2 Quizzes
  129. 🎯Comprehensive Test: Economics Questions + AICPA Previously Released Questions
    3 Quizzes
  130. 🎯Comprehensive Test: Marginal (differential) + Analysis + AICPA previously Released Questions
    2 Quizzes
  131. 🎯AICPA Questions: Absorption vs Contribution Costing
    1 Quiz
  132. 2A - INTANGIBLES
    📖Intangible assets
    6 Topics
    |
    2 Quizzes
  133. 📖Impairment Of Intangibles
    3 Topics
  134. 📖Goodwill Impairment
    7 Topics
    |
    2 Quizzes
  135. 📖Research and Development Cost
    6 Topics
    |
    1 Quiz
  136. 📖Start-Up & Initial Operating Losses
    4 Topics
  137. 2B - Internally Developed Software
    📖Accounting for Computer Software Cost
    1 Topic
    |
    1 Quiz
  138. 🎯Test: Intangibles Assets and Software Cost
    3 Quizzes
  139. 2C - REVENUE RECOGNITION ADVANCED TOPICS
    📖Percentage of Completion Method Losses
    4 Topics
  140. 📖Contract Modification
    3 Topics
  141. 📖Revenue Recognition
    9 Topics
  142. 📖CPA Exam Simulation & Questions
    3 Topics
    |
    2 Quizzes
  143. 📖Cost Recovery Method for Revenue Recognition
    1 Topic
    |
    2 Quizzes
  144. 📖Accounting for Sales
    3 Topics
    |
    1 Quiz
  145. 🎯Test: Revenue recognition
    1 Quiz
  146. 2D - STOCK COMPENSATION
    📖Stock Options
    6 Topics
    |
    3 Quizzes
  147. 📖Share-based payments
    2 Topics
    |
    2 Quizzes
  148. 🎯Test: stock compensation
    1 Quiz
  149. 2E - BUSINESS COMBINATIONS & CONSOLIDATED FINANCIAL STATEMENTS
    📖Business Combination
    6 Topics
    |
    2 Quizzes
  150. 📖Consolidated Financial Statements
    2 Topics
    |
    1 Quiz
  151. 📖 Consolidations
    1 Topic
    |
    1 Quiz
  152. 📖Impairment of Assets (intangibles and Goodwill)
    1 Topic
    |
    1 Quiz
  153. 🎯Test: Business Combinations and Consolidations + AICPA Questions
    2 Quizzes
  154. 2F - CONSOLIDATED FINANCIAL STATEMENTS
    📖Temporal Method
    6 Topics
    |
    2 Quizzes
  155. 📖Foreign Currency Translation
    5 Topics
    |
    1 Quiz
  156. 🎯AICPA Questions: Foreign Currency Translation
    1 Quiz
  157. 2G - DERIVATIVES & HEDGE ACCOUNTING
    📖Hedge Accounting
    3 Topics
  158. 📖Speculations
    3 Topics
  159. 📖Fair Value Hedge
    4 Topics
  160. 📖Cash Flow Hedge
    4 Topics
  161. 📖Hedging Effectiveness & Documentation
    5 Topics
    |
    2 Quizzes
  162. 🎯Test: Derivatives and Hedging AICPA Questions
    1 Quiz
  163. 2H - LEASES
    📖Accounting for Leases
    5 Topics
    |
    2 Quizzes
  164. 📖Leases
    7 Topics
  165. 📖Residual Value for Leases
    3 Topics
  166. 📖Lessor Accounting
    3 Topics
    |
    1 Quiz
  167. 📖Accounting for Leases Sales
    5 Topics
    |
    5 Quizzes
  168. 🎯Test: Leases AICPA Questions
    1 Quiz
  169. 2I - SEGMENT REPORTING & PUBLIC COMPANY REPORTING TOPICS
    📖Segment Reporting
    3 Topics
    |
    2 Quizzes
  170. 📖Extensible Business Reporting Language (XBRL) & regulation
    6 Topics
    |
    3 Quizzes
  171. 🎯Comprehensive Test: Interim, SEC and Reportable Segments
    1 Quiz
  172. 2J - FINANCIAL STATMENTS OF EMPLOYEE BENEFIT PLANS
    📖Pension Plan Financial Statements
    2 Topics
    |
    1 Quiz
  173. 🎯Test: Pension plans AICPA questions
    1 Quiz
  174. 3A1 - FORM & CONTENT OF THE ANNUAL COMPREHENSIVE ANNUAL FINANCIAL REPORT
    📖Annual Comprehensive Financial Report
    2 Topics
    |
    1 Quiz
  175. 📖Component Units
    2 Topics
    |
    1 Quiz
  176. 3A2 - GOVERNMENT-WIDE FINANCIAL STATEMENTS
    📖Government wide Financial Statements
    2 Topics
    |
    1 Quiz
  177. 📖Capital Assets in Government-wide FS
    2 Topics
    |
    1 Quiz
  178. 📖Governmental Financial Statements
    4 Topics
  179. 📖Reconciliation Government Wide Financial Statements Assets
    8 Topics
    |
    2 Quizzes
  180. 3A2 - Government Funds Financial Statements
    📖Governmental Funds
    3 Topics
  181. 📖Elements of Governmental Financial Statements
    2 Topics
  182. 📖Special Revenue Funds
    2 Topics
    |
    1 Quiz
  183. 📖Debt Service Funds
    2 Topics
    |
    1 Quiz
  184. 📖Categories of Fund Balance
    2 Topics
    |
    1 Quiz
  185. 📖Interfund Governmental Activities
    3 Topics
  186. 📖Net Position in Governmental Accounting
    2 Topics
    |
    1 Quiz
  187. 📖Governmental Funds
    6 Topics
    |
    1 Quiz
  188. 3A3 - Proprietary Funds Financial Statements
    📖Accounting for Proprietary Funds
    7 Topics
    |
    2 Quizzes
  189. 📖Proprietary funds financial statements
    4 Topics
  190. 📖Cash Flow statement for proprietary Funds
    3 Topics
    |
    2 Quizzes
  191. 3A4 - Fiduciary Funds Financial Statements
    📖Private Purpose/Investment Trust Funds
    3 Topics
  192. 📖Pension Trust Funds
    2 Topics
    |
    2 Quizzes
  193. 3B1 - Capital Assets and Infrastructure Assets
    📖Capital Assets and Infrastructure Assets
    1 Topic
  194. 3B2 - General and Proprietary Long-Term Liabilities
    📖Expenditures for Capital Asset, Interest, Principal and Capital/Operating Lease
    2 Topics
  195. 📖Nonexchange Revenue Transactions
    2 Topics
  196. 📖Expenditures vs. Expenses
    6 Topics
  197. 📖Materials and Supplies
    3 Topics
  198. 3B3 - BUDGETARY, ENCUMBRANCES & ACTIVITY ACCOUNTING
    📖Revenue Recognition
    10 Topics
    |
    2 Quizzes
  199. 📖Governmental Leases
    2 Topics
  200. 📖Governmental Budgeting & Encumbrances
    6 Topics
    |
    2 Quizzes
  201. 🎯Test: Government Accounting and Reporting + AICPA Questions
    1 Quiz
  202. 💡3A2 - Government Funds Financial Statements: Part 3
    1 Topic
Lesson Progress
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Responses

  1. Time Stamp: 14:57
    Shouldn’t the answer to the multiple choice question in the video be (A)? In the video you have (B) circled but according to your example about the pizza and the spaghetti wouldn’t (A) be the correct answer?

    Option (B) states “depending on the cost object a particular cost can be direct or indirect.” According to the example given in the video this would be TRUE since cheese on a pizza can be considered a direct cost and cheese on spaghetti can be considered an indirect cost.

    So wouldn’t that make (A) the correct answer since it is NOT TRUE because whether a cost ” the cheese” is classified as a direct or indirect cost depends on the cost object ” the pizza / spaghetti.”

    Thank you for your help

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