-
WELCOME. PLEASE START HERE!
1. Welcome to Farhat Lectures -
2. How to Use This Course & Resources
-
3. Choosing the Right CPA Discipline
-
4. CPA Exam Study Tips & Common Questions
-
🚀Introduce Yourself1 Topic
-
🚨🚨🚨2026 AICPA Released Questions1 Topic
-
REVIEW/REFRESH BASIC ACCOUNTING MODULE🚀Start Strong: Master the Basics Before You Advance.
-
📖Basics Of Accounting3 Topics2 Quizzes
-
📖Adjusting Entries8 Topics2 Quizzes
-
📖Financial Statements4 Topics
-
📖Closing Entries4 Topics2 Quizzes
-
📖Reversing Entries3 Topics2 Quizzes
-
FAR 1A1 BALANCE SHEET📖Balance Sheet Overview15 Topics1 Quiz
-
FAR 1A2 INCOME STATEMENT📖Uses & Limitations Of The Income Statement2 Topics
-
📖Income Statement - Content, Format & Elements5 Topics2 Quizzes
-
📖Unusual Gains/Losses & Noncontrolling Interest4 Topics
-
📖Discontinued Operations5 Topics2 Quizzes
-
📖Foreign Currency Transactions3 Topics1 Quiz
-
🎯Comprehensive Test: Discontinued Operations & Foreign Currency Transactions2 Quizzes
-
🚨🚨HOW TO SOLVE SIMULATIONS (Tutorial + Video Examples)AICPA Video Solutions for 2024 and 2025 MCQs and Simulations18 Topics2 Quizzes
-
FAR 1A3 STATEMENT OF COMPREHENSIVE INCOME📖Comprehensive Income5 Topics2 Quizzes
-
🎯Comprehensive Test: Comprehensive Income + AICPA Questions1 Quiz
-
FAR 1A4 Statement of Retained Earnings and Chaing in Equity📖Statement of Retained Earning and Changes in Equity5 Topics1 Quiz
-
FAR 1A5 STATEMENT OF CASH FLOWS📖Introduction To The Statement Of Cash Flows4 Topics2 Quizzes
-
📖Operating Section: Indirect Method4 Topics2 Quizzes
-
📖Direct Method Operating Section: NOT covered on the CPA exam but helpful for converting cash to accrual and vice versa4 Topics2 Quizzes
-
📖How To Prepare The Operating Section Statement Of Cash Flows2 Topics
-
📖Investing Section4 Topics
-
📖Financing Section3 Topics2 Quizzes
-
📖Comprehensive Example1 Topic
-
🎯Test: Statement of Cash Flows + AICPA Questions1 Quiz
-
FAR 1A6 CONSOLIDATED FINANCIAL STATEMENTS📖Introduction To Consolidation4 Topics
-
📖Elimination Entries Of The Investment In Subsidiary3 Topics
-
📖Balance Sheet Eliminating Entries2 Topics1 Quiz
-
📖Elimination Of Non Depreciable Assets2 Topics1 Quiz
-
📖Inventory Eliminating Entries2 Topics1 Quiz
-
📖Elimination Of Depreciable Assets2 Topics1 Quiz
-
📖Elimination Of Bonds Payable2 Topics1 Quiz
-
📖Consolidated Financial Statements5 Topics1 Quiz
-
📖Pushdown Accounting1 Topic2 Quizzes
-
🎯Test: Business Combinations and Consolidations + AICPA Questions1 Quiz
-
FAR 1A7 NOTES TO FINANCIAL STATEMENTS📖Notes To Financial Statements2 Topics
-
FAR 1B NOT-FOR-PROFIT FINANCIAL REPORTING📖Introduction To Not-For-Profit Accounting / Statement Of Financial Position2 Topics
-
📖Statement Of Activities2 Topics
-
📖Statement Of Cash Flows7 Topics1 Quiz
-
📖Contribution Revenue, Contribution Of Services & Donated Material6 Topics
-
📖Example2 Topics2 Quizzes
-
📖Accounting For Health Care Providers2 Topics1 Quiz
-
🎯Comprehensive Test: Not For Profit AICPA Questions1 Quiz
-
FAR 1C STATE & LOCAL GOVERNMENT CONCEPTS📖Introduction To Governmental Accounting6 Topics4 Quizzes
-
📖Fund Accounting5 Topics
-
📖Governmental Funds3 Topics
-
📖Proprietary Funds2 Topics
-
📖Fiduciary Funds2 Topics
-
📖Modified Accrual Accounting4 Topics
-
🎯Test: Government Accounting and Reporting + AICPA Questions1 Quiz
-
FAR 1D PUBLIC COMPANY REPORTING TOPICS📖Public Company Reporting4 Topics1 Quiz
-
📖Basic EPS8 Topics1 Quiz
-
📖Diluted EPS11 Topics2 Quizzes
-
🎯Comprehensive Test: Public Company Reporting Topics2 Quizzes
-
FAR 1E SPECIAL PURPOSE FRAMEWORK📖Special Purpose Framework11 Topics1 Quiz
-
🎯AICPA Questions: Cash to Accrual1 Quiz
-
FAR 1F FINANCIAL STATEMENT RATIOS & PERFORMANCE METRICS📖Financial Statement Analysis6 Topics
-
📖Ratio Analysis11 Topics1 Quiz
-
📖Variance Analysis2 Topics2 Quizzes
-
📖Comprehensive Practice Financial Statement Analysis5 Topics
-
FAR 2A CASH & CASH EQUIVALENTS📖 Cash and cash equivalents4 Topics2 Quizzes
-
📖Bank Reconciliation6 Topics2 Quizzes
-
FAR 2B TRADE & NOTES RECEIVABLES📖Account Or Trade Receivable12 Topics2 Quizzes
-
📖Notes Receivable6 Topics2 Quizzes
-
📖Pledging & Factoring Receivable6 Topics
-
🎯Comprehensive Test: Cash and Receivables + AICPA Questions2 Quizzes
-
FAR 2C INVENTORY📖Perpetual Versus Periodic6 Topics2 Quizzes
-
📖FOB Shipping & Destination3 Topics
-
📖Period & Product Cost4 Topics
-
📖Cost Flow Assumptions (FIFO, LIFO etc.)6 Topics2 Quizzes
-
📖Inventory Errors6 Topics1 Quiz
-
📖LIFO Reserve3 Topics
-
📖LIFO Liquidation2 Topics
-
📖Dollar Value LIFO6 Topics2 Quizzes
-
📖Lower Of Cost Or Net Realizable Value11 Topics2 Quizzes
-
📖Relative Sales Value Method Lump Sum Purchase3 Topics1 Quiz
-
📖Purchase Commitment3 Topics1 Quiz
-
📖Estimating Inventory Using Gross Profit5 Topics2 Quizzes
-
📖Retail Inventory Methods4 Topics2 Quizzes
-
🎯Test: Inventory + AICPA Questions1 Quiz
-
FAR 2D1 PROPERTY, PLANT & EQUIPMENT📖Cost Basis11 Topics2 Quizzes
-
📖Interest Capitalization7 Topics2 Quizzes
-
FAR 2D2 DEPRECIATION & IMPAIRMENT📖Depreciation18 Topics2 Quizzes
-
📖Depletion Expense3 Topics2 Quizzes
-
📖Disposition Of Property, Plant & Equipment5 Topics1 Quiz
-
📖Impairment Losses7 Topics1 Quiz
-
🎯Test: Fixed Assets including Interest Capitalization and Impairment + AICPA Questions1 Quiz
-
FAR 2E1 FINANCIAL INSTRUMENTS📖Introduction To Investments3 Topics
-
📖Accounting For Debt Securities3 Topics2 Quizzes
-
📖Debt Securities Available For Sale5 Topics
-
📖Debt Securities Held To Maturity5 Topics
-
📖Equity Securities5 Topics2 Quizzes
-
📖Fair Value Option For Investments3 Topics
-
📖Impairment Of Value Of Debt Investment CECL5 Topics1 Quiz
-
📖Statement Of Comprehensive Income & Reclassification Adjustment6 Topics1 Quiz
-
📖Financial Instruments Disclosures1 Topic1 Quiz
-
FAR 2E2 EQUITY METHODS📖Equity Method4 Topics2 Quizzes
-
🎯CT Marketable Securities and Investments: 11 AICPA Questions1 Quiz
-
FAR 2F INTANGIBLE ASSETS📖Intangible Assets6 Topics2 Quizzes
-
📖Impairment Of Intangibles3 Topics
-
📖Goodwill & Goodwill Impairment7 Topics2 Quizzes
-
📖Accounting For Computer Software Cost1 Topic1 Quiz
-
📖Research & Development Cost6 Topics1 Quiz
-
📖Start-Up & Initial Operating Losses4 Topics
-
📖Franchise Accounting2 Topics
-
📖Cloud Computing Arrangement1 Topic
-
🎯Comprehensive Test: Intangibles Assets and Software Cost1 Quiz
-
FAR 2G PAYABLES & ACCRUED LIABILITIES📖Current Liabilities11 Topics3 Quizzes
-
📖Short-Term Obligations Expected To Be Refinanced3 Topics2 Quizzes
-
📖Payroll Liabilities5 Topics
-
📖Asset Retirement Obligation3 Topics
-
📖Exit Disposal2 Topics
-
🎯Comprehensive Test: Payables and contingencies1 Quiz
-
FAR 2H1 TIME VALUE OF MONEY📖Time Value Of Money3 Topics1 Quiz
-
📖Present Value Of Single Amount4 Topics2 Quizzes
-
📖Present Value Of Annuity4 Topics
-
📖Future Value Of Annuity5 Topics1 Quiz
-
📖Present Value Of Bond Computation & Deferred Annuity6 Topics
-
📖Debt Covenant2 Topics
-
FAR 2H2 BONDS📖Bonds11 Topics
-
📖Issue Bond Between Interest Payments7 Topics
-
📖Types Of Bonds2 Topics1 Quiz
-
📖CPA Exam Questions: Bonds Payable3 Topics2 Quizzes
-
📖Fair Value Options For Liabilities3 Topics
-
📖Notes Payable4 Topics2 Quizzes
-
F 2H3 DEBT RETIREMENT & RESTRUCTURING📖Debt Retirement4 Topics1 Quiz
-
📖Debt Restructuring7 Topics2 Quizzes
-
🎯Test: Bonds and Other Non current Liabilities + AICPA Questions1 Quiz
-
FAR 2I1 EQUITY📖Issuing Common Stock10 Topics2 Quizzes
-
📖Preferred Stock3 Topics2 Quizzes
-
📖Treasury Stock12 Topics2 Quizzes
-
📖Book Value Per Share4 Topics
-
📖Stock Subscriptions & Stock Rights3 Topics1 Quiz
-
📖Dividends5 Topics2 Quizzes
-
📖Property & Liquidating Dividends4 Topics
-
📖Stock Dividend & Stock Split6 Topics
-
📖Statement Of Stockholder's Equity2 Topics
-
🎯Test: Stockholders’ Equity and Ratio Analysis2 Quizzes
-
FAR 2I2 PARTNERSHIP📖Partnership10 Topics1 Quiz
-
FAR 3A ACCOUNTING CHANGES & ERROR CORRECTIONS📖Accounting Changes5 Topics2 Quizzes
-
📖Changes In Estimates5 Topics1 Quiz
-
📖Changes In Reporting Entity2 Topics2 Quizzes
-
📖Error Analysis12 Topics2 Quizzes
-
🎯Comprehensive Test: Changes in Accounting Principles + AIPCPA Questions1 Topic1 Quiz
-
FAR 3B CONTINGENCIES & COMMITMENTS📖Loss Contingency & Estimated Liability6 Topics
-
📖Premium & Coupon Explained6 Topics
-
📖Warranty Cost7 Topics2 Quizzes
-
FAR 3C REVENUE RECOGNITION📖Revenue Recognition 5 Steps17 Topics2 Quizzes
-
📖Long-Term Construction Contract14 Topics2 Quizzes
-
📖Sales Returns & Allowances4 Topics
-
📖Bill & Hold3 Topics
-
📖Accounting For Sales On Consignment1 Topic
-
📖Warranty & Upfront Fees4 Topics
-
📖Sales Reconciliation2 Topics
-
📖Repurchase Agreement Options3 Topics
-
📖Incremental Cost Of Obtaining A Contract & Cost To Fulfill A Contract1 Topic
-
📖Refund Liabilities & Rights Of Return1 Topic2 Quizzes
-
📖Contract Modification3 Topics
-
🎯AICPA Questions: Revenue Recognition1 Quiz
-
FAR 3D ACCOUNTING FOR INCOME TAXES📖Introduction To Deferred Taxes3 Topics
-
📖Deferred Tax Liabilities4 Topics
-
📖Deferred Tax Assets & Valuation Allowance7 Topics1 Quiz
-
📖Temporary & Permanent Differences7 Topics2 Quizzes
-
📖Uncertain Tax Position3 Topics1 Quiz
-
📖CPA Exam Questions & MCQs10 Topics
-
📖Net Operating Loss5 Topics
-
📖Enacted Future Tax Rates3 Topics2 Quizzes
-
🎯Comprehensive Test: Income Taxes + AICPA Questions1 Quiz
-
FAR 3E FAIR VALUE MEASUREMENTS📖Fair Value Measurements8 Topics1 Quiz
-
🎯Comprehensive Test: Fair Value Accounting + AICPA Questions1 Quiz
-
FAR 3F LESSEE ACCOUNTING📖Intro To Leases4 Topics1 Quiz
-
📖Operating & Finance Lease9 Topics2 Quizzes
-
📖Leases- Financial Statement Presentation & Disclosures4 Topics
-
🎯Test: Leases AICPA Questions1 Quiz
-
FAR 3G SUBSEQUENT EVENTS📖Subsequent Events2 Topics1 Quiz
Participants 2341
Lesson Progress
0% Complete
Responses
You must be logged in to post a comment.
what is the ordinary annuity formula
Hi Yousef,
For an ordinary annuity (equal payments at the end of each period), the main formulas are:
1. Present Value of an Ordinary Annuity
PV = P × ((1 − (1+r)^−n ) / r)
P = payment each period
r = interest rate per period
n = number of periods
2. Future Value of an Ordinary Annuity
FV = P × ((1+r)^n – 1 ) / r)
Same variables as above, but this gives the value at the end of n periods.
In practice for exam questions, we usually look these factors up in the tables, but these are the underlying formulas.
I hope this helps!
where can i find mcqs to practise?
Hello Kanika,
I’ve added the quiz to FAR Miles.
If you are enrolled into a different course, please let me know.