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FAR Miles 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. REVIEW/REFRESH BASIC ACCOUNTING MODULE
    🚀Start Strong: Master the Basics Before You Advance. MIles
  8. 📖Basics Of Accounting
    3 Topics
    |
    2 Quizzes
  9. 📖Adjusting Entries
    8 Topics
    |
    2 Quizzes
  10. 📖Financial Statements
    4 Topics
  11. 📖Closing Entries
    4 Topics
    |
    2 Quizzes
  12. 📖Reversing Entries
    3 Topics
    |
    2 Quizzes
  13. 1.1) INCOME STATEMENT
    📖Uses & Limitations Of The Income Statement
    2 Topics
    |
    1 Quiz
  14. 📖Income Statement - Content, Format & Elements
    5 Topics
  15. 📖Unusual Gains/Losses & Noncontrolling Interest
    4 Topics
  16. 📖Discontinued Operations
    6 Topics
    |
    2 Quizzes
  17. 📖Foreign Currency Transactions
    3 Topics
    |
    1 Quiz
  18. 1.2) COMPREHENSIVE INCOME
    📖Comprehensive Income
    5 Topics
    |
    2 Quizzes
  19. 🎯Comprehensive Test: Comprehensive Income + AICPA Questions
    1 Quiz
  20. 🎯Comprehensive Test: Discontinued Operations & Foreign Currency Transactions
    2 Quizzes
  21. 1.3) BALANCE SHEET
    📖Balance Sheet Overview
    16 Topics
    |
    1 Quiz
  22. 🚨🚨HOW TO SOLVE SIMULATIONS (TUTORIAL + VIDEO EXAMPLES)
    ✅ FAR CPA Exam Simulation Tutorial + 2024 and 2025 AICPA Video Questions
    18 Topics
    |
    2 Quizzes
  23. 1.4) NOTES TO FINANCIAL STATEMENTS
    📖Notes To Financial Statements
    2 Topics
  24. 1.5) FAIR VALUE MEASUREMENTS & DISCLOSURES
    📖Fair Value Measurements
    9 Topics
    |
    1 Quiz
  25. 🎯Test: Fair Value Accounting + AICPA Questions
    1 Quiz
  26. 1.6) SEC REPORTING REQUIREMENTS
    📖Public Company Reporting
    4 Topics
    |
    1 Quiz
  27. 1.7) Interim Financial Reporting
    📖 Interim Financial Reporting
    2 Topics
  28. 1.8) REVENUE RECOGNITION
    📖Revenue Recognition 5 Steps
    16 Topics
    |
    2 Quizzes
  29. 📖Sales Returns & Allowances
    4 Topics
  30. 📖Bill & Hold
    3 Topics
  31. 📖Accounting For Sales On Consignment
    1 Topic
  32. 📖Warranty & Upfront Fees
    4 Topics
  33. 📖Repurchase Agreement Options
    3 Topics
  34. 📖Incremental Cost Of Obtaining A Contract & Cost To Fulfill A Contract
    1 Topic
  35. 📖Refund Liabilities & Rights Of Return
    1 Topic
    |
    2 Quizzes
  36. 📖Contract Modification
    3 Topics
  37. 🎯AICPA Questions: Revenue Recognition
    1 Quiz
  38. 1.10) ACCOUNTING CHANGES & ERROR CORRECTIONS
    📖Accounting Changes
    5 Topics
    |
    2 Quizzes
  39. 📖Changes In Estimates
    5 Topics
    |
    1 Quiz
  40. 📖Changes In Reporting Entity
    2 Topics
    |
    2 Quizzes
  41. 📖Error Analysis
    12 Topics
    |
    2 Quizzes
  42. 🎯Comprehensive Test: Changes in Accounting Principles + AICPA Questions
    1 Quiz
  43. 1.11) SPECIAL PURPOSE FRAMEWORK
    📖Special Purpose Framework
    11 Topics
    |
    1 Quiz
  44. 🎯AICPA Questions: Cash to Accrual
    1 Quiz
  45. 1.12) SUBSEQUENT EVENTS
    📖Subsequent Events
    2 Topics
    |
    1 Quiz
  46. 2.1-1) CASH & CASH EQUIVALENTS
    📖 Cash & Cash Equivalents
    4 Topics
    |
    2 Quizzes
  47. 📖 Bank Reconciliation
    6 Topics
    |
    2 Quizzes
  48. 2.1-2) TRADE & NOTES RECEIVABLE
    📖Account Or Trade Receivable
    12 Topics
    |
    2 Quizzes
  49. 📖Notes Receivable
    6 Topics
    |
    2 Quizzes
  50. 📖Pledging & Factoring Receivable
    6 Topics
  51. 2.1-3) PAYABLE & ACCRUED LIABILITIES
    📖Current Liabilities
    11 Topics
    |
    3 Quizzes
  52. 📖Short-Term Obligations Expected To Be Refinanced
    3 Topics
    |
    2 Quizzes
  53. 📖Payroll Liabilities
    5 Topics
  54. 📖Asset Retirement Obligation
    3 Topics
  55. 📖Exit Disposal
    2 Topics
  56. 🎯AICPA Questions: Cash and Receivables
    2 Quizzes
  57. 2.2) CONTINGENCIES & COMMITMENTS
    📖Loss Contingency & Estimated Liability
    6 Topics
  58. 📖Premium & Coupon Explained
    6 Topics
  59. 📖Warranty Cost
    7 Topics
    |
    2 Quizzes
  60. 🎯Test: Payables and contingencies
    1 Quiz
  61. 2.3) INVENTORY
    📖Perpetual Versus Periodic
    6 Topics
    |
    2 Quizzes
  62. 📖FOB Shipping & Destination
    3 Topics
  63. 📖Period & Product Cost
    4 Topics
  64. 📖Cost Flow Assumptions (FIFO, LIFO etc.)
    6 Topics
    |
    2 Quizzes
  65. 📖Inventory Errors
    6 Topics
    |
    1 Quiz
  66. 📖LIFO Reserve
    3 Topics
  67. 📖LIFO Liquidation
    2 Topics
  68. 📖Dollar Value LIFO
    6 Topics
    |
    2 Quizzes
  69. 📖Lower Of Cost Or Net Realizable Value
    11 Topics
    |
    2 Quizzes
  70. 📖Relative Sales Value Method Lump Sum Purchase
    3 Topics
    |
    1 Quiz
  71. 📖Purchase Commitment
    3 Topics
    |
    1 Quiz
  72. 📖Estimating Inventory Using Gross Profit
    5 Topics
    |
    2 Quizzes
  73. 📖Retail Inventory Method
    4 Topics
    |
    2 Quizzes
  74. 🎯Comprehensive Test : Inventory
    1 Quiz
  75. 2.4) LONG-TERM CONSTRUCTION CONTRACT
    📖Long-Term Construction Contract
    13 Topics
    |
    2 Quizzes
  76. 📖Introduction To Investments
    3 Topics
  77. 3.1-1) FINANCIAL INSTRUMENTS
    📖Debt Securities Available For Sale
    5 Topics
  78. 📖Debt Securities Held To Maturities
    5 Topics
  79. 📖Accounting For Debt Securities
    3 Topics
    |
    2 Quizzes
  80. 📖Equity Securities
    5 Topics
    |
    2 Quizzes
  81. 📖Impairment Of Value Of Debt Investment CECL
    5 Topics
    |
    1 Quiz
  82. 📖Statement Of Comprehensive Income & Reclassification Adjustment
    6 Topics
    |
    1 Quiz
  83. 📖Financial Instruments Disclosures
    1 Topic
    |
    1 Quiz
  84. 3.1-2) EQUITY METHOD
    📖Equity Method
    4 Topics
    |
    2 Quizzes
  85. 🎯6.1) Extra CPA Exam Questions Solved by Professor Farhat
    3 Topics
  86. 💡CT Marketable Securities and Investments: 11 AICPA Questions
    1 Quiz
  87. 3.2-1) PROPERTY, PLANT & EQUIPMENT
    📖Cost Basis
    11 Topics
    |
    2 Quizzes
  88. 📖Interest Capitalization
    7 Topics
    |
    2 Quizzes
  89. 3.2-2) DEPRECIATION & IMPAIRMENT
    📖Depreciation
    18 Topics
    |
    2 Quizzes
  90. 📖Depletion Expense
    5 Topics
    |
    2 Quizzes
  91. 📖Disposition Of Property, Plant & Equipment
    5 Topics
    |
    1 Quiz
  92. 📖Impairment Losses
    7 Topics
    |
    1 Quiz
  93. 🎯Test: Fixed Assets including Interest Capitalization and Impairment + AICPA Questions
    1 Quiz
  94. 3.3) INTANGIBLE ASSETS
    📖Intro To Intangible Assets
    6 Topics
    |
    2 Quizzes
  95. 📖Impairment Of Intangibles
    3 Topics
  96. 📖Goodwill & Goodwill Impairment
    7 Topics
    |
    2 Quizzes
  97. 📖Accounting For Computer Software
    1 Topic
    |
    1 Quiz
  98. 📖Research & Development Cost
    6 Topics
    |
    1 Quiz
  99. 📖Start-Up & Initial Operating Losses
    4 Topics
  100. 📖Franchise Accounting
    2 Topics
  101. 📖Cloud Computing Arrangement
    1 Topic
  102. 🎯Intangible Assets and Software Cost
    1 Quiz
  103. 4.1) PRESENT VALUE & ANNUITIES
    📖Intro To Time Value Of Money
    3 Topics
    |
    1 Quiz
  104. 📖Present Value Of Single Amount
    4 Topics
    |
    2 Quizzes
  105. 📖Present Value Of Annuity
    4 Topics
  106. 📖Future Value Of Annuity
    5 Topics
    |
    1 Quiz
  107. 📖Present Value Of Bond Computation & Deferred Annuity
    6 Topics
  108. 📖Debt Covenant
    2 Topics
  109. 4.2) BONDS
    📖Bonds
    11 Topics
  110. 📖Issue Bond Between Interest Payments
    7 Topics
  111. 📖Types Of Bonds
    2 Topics
    |
    1 Quiz
  112. 📖CPA Exam Question: Bonds Payable
    3 Topics
    |
    2 Quizzes
  113. 📖Fair Value Options For Liabilities
    3 Topics
  114. 📖Notes Payable
    4 Topics
    |
    2 Quizzes
  115. 🎯Test: Bonds and Other Non current Liabilities + AICPA Questions
    1 Quiz
  116. 4.3) DEBT RETIREMENT & RESTRUCTURING
    📖Debt Retirement
    4 Topics
    |
    1 Quiz
  117. 📖Debt Restructuring
    7 Topics
    |
    2 Quizzes
  118. 4.4) LEASES
    📖Intro To Leases
    4 Topics
    |
    1 Quiz
  119. 📖Operating & Finance Lease
    9 Topics
    |
    2 Quizzes
  120. 📖Leases- Financial Statement Presentation & Disclosures
    4 Topics
  121. 🎯Test: Leases AICPA Questions
    1 Quiz
  122. 5.1) DEFERRED TAXES
    📖Introduction To Deferred Taxes
    3 Topics
  123. 📖Deferred Tax Liabilities
    4 Topics
  124. 📖Deferred Tax Asset & Valuation Allowance
    7 Topics
    |
    1 Quiz
  125. 📖Temporary & Permanent Differences
    7 Topics
    |
    2 Quizzes
  126. 📖Uncertain Tax Position
    3 Topics
    |
    1 Quiz
  127. 📖CPA Exam Questions & MCQs
    10 Topics
  128. 📖Net Operating Loss
    5 Topics
  129. 📖Enacted Future Tax Rates
    3 Topics
    |
    2 Quizzes
  130. 🎯Test: Income Taxes + AICPA Questions
    1 Quiz
  131. 5.2) STOCKHOLDERS' EQUITY
    📖Issuing Common Stock
    10 Topics
    |
    2 Quizzes
  132. 📖Preferred Stock
    3 Topics
    |
    2 Quizzes
  133. 📖Retained Earnings
    6 Topics
    |
    1 Quiz
  134. 📖Treasury Stock
    12 Topics
    |
    2 Quizzes
  135. 📖Book Value Per Share
    4 Topics
  136. 📖Stock Subscriptions & Stock Rights
    3 Topics
    |
    1 Quiz
  137. 📖Dividends
    5 Topics
    |
    2 Quizzes
  138. 📖Property & Liquidating Dividend
    4 Topics
  139. 📖Stock Dividend & Stock Split
    6 Topics
  140. 📖Statement Of Stockholder's Equity
    2 Topics
  141. 🎯Test: Stockholders’ Equity
    1 Quiz
  142. 5.3) EARNINGS PER SHARE
    📖Basic EPS
    8 Topics
    |
    1 Quiz
  143. 📖Diluted EPS
    10 Topics
    |
    2 Quizzes
  144. 🎯Test: Earnings Per Share + AICPA Questions
    1 Quiz
  145. 5.4) STATEMENT OF CASH FLOWS
    📖Introduction To The Statement Of Cash Flows
    4 Topics
    |
    2 Quizzes
  146. 📖Operating Section: Indirect Method
    4 Topics
    |
    2 Quizzes
  147. 📖Direct Method Operating Section: NOT covered on the CPA exam but helpful for converting cash to accrual and vice versa
    4 Topics
    |
    2 Quizzes
  148. 📖How To Prepare The Operating Section Statement Of Cash Flows
    2 Topics
  149. 📖Investing Section
    4 Topics
  150. 📖Financing Section
    3 Topics
    |
    2 Quizzes
  151. 📖Comprehensive Example
    1 Topic
  152. 🎯Test: Statement of Cash Flows + AICPA Questions
    1 Quiz
  153. 6.1) BUSINESS COMBINATIONS & CONSOLIDATIONS
    📖Introduction To Consolidation
    4 Topics
  154. 📖Elimination Entries Of The Investment In Subsidiary
    2 Topics
  155. 📖Balance Sheet Eliminating Entries
    2 Topics
    |
    1 Quiz
  156. 📖Elimination Of Non Depreciable Assets
    2 Topics
    |
    1 Quiz
  157. 📖Inventory Eliminating Entries
    2 Topics
    |
    1 Quiz
  158. 📖Elimination Of Depreciable Assets
    2 Topics
    |
    1 Quiz
  159. 📖Elimination Of Bonds Payable
    2 Topics
    |
    1 Quiz
  160. 📖Consolidated Financial Statements
    4 Topics
    |
    1 Quiz
  161. 📖Pushdown Accounting
    1 Topic
    |
    2 Quizzes
  162. 🎯Test: Business Combinations and Consolidations + AICPA Questions
    1 Quiz
  163. 6.2) FINANCIAL STATEMENT ANALYSIS
    📖Financial Statement Analysis
    6 Topics
  164. 📖Ratio Analysis
    11 Topics
    |
    1 Quiz
  165. 📖Variance Analysis
    2 Topics
    |
    2 Quizzes
  166. 📖Comprehensive Practice Financial Statement Analysis
    5 Topics
  167. 🎯Test: Ratio Analysis
    1 Quiz
  168. 6.3) PARTNERSHIPS
    📖Partnership
    10 Topics
    |
    1 Quiz
  169. 6.5) NOT-FOR-PROFIT ACCOUNTING
    📖Introduction To Not-For-Profit Accounting / Statement Of Financial Position
    2 Topics
  170. 📖Statement Of Activities
    2 Topics
  171. 📖Statement Of Cash Flows
    2 Topics
  172. 📖Contribution Revenue, Contribution Of Services & Donated Material
    6 Topics
  173. 📖Example
    2 Topics
    |
    2 Quizzes
  174. 📖Accounting For Health Care Providers
    4 Topics
    |
    1 Quiz
  175. 🎯Test: Not For Profit AICPA Questions
    1 Quiz
  176. 7.1) GOVERNMENTAL ACCOUNTING OVERVIEW
    📖Introduction To Governmental Accounting
    6 Topics
    |
    4 Quizzes
  177. 📖Fund Accounting
    5 Topics
  178. 📖Governmental Funds
    4 Topics
  179. 📖Proprietary Funds
    2 Topics
  180. 📖Fiduciary Funds
    2 Topics
  181. 📖Modified Accrual Accounting
    4 Topics
  182. 🎯Test: Government Accounting and Reporting + AICPA Questions
    1 Quiz

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Responses

  1. Richard Roessler 1 March 2026

    Why do you say in lectures that you don’t take depreciation once you hold an operation out for sale, but in the example you take depreciation. Which is it? Take depreciation or don’t take it? (Sorry I am really confused about that).

  2. Richard Roessler 1 March 2026

    Never mind, I should have looked at the video questions. You already answered the question: The depreciation in the example was for the period before the company decided to hold the operation out for sale. (It was helpful to have to answer my own question–lol. Plus I can feel smart now–lol).

    1. Maroun, CPA 4 March 2026

      Hello Richard,

      Exactly, you got it! Depreciation stops after the component is classified as held for sale, but you still record depreciation up to that date.

      Keep up the great work, and never hesitate to ask questions (even if you end up answering them yourself a few minutes later 😄)!

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