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FAR UWorld 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. UWorld
  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. FAR 1.01- BALANCE SHEET
    📖Balance Sheet Overview
    15 Topics
    |
    1 Quiz
  14. FAR 1.02- INCOME STATEMENT
    📖Uses & Limitations of Income Statement
    2 Topics
  15. 📖Income Statement - Content, Format & Elements
    5 Topics
    |
    2 Quizzes
  16. 📖Unusual Gains/Losses & Noncontrolling Interest
    4 Topics
  17. 📖Discontinued Operations
    5 Topics
    |
    2 Quizzes
  18. 📖Earnings Per Share
    3 Topics
    |
    2 Quizzes
  19. 📖Foreign Currency Transactions
    3 Topics
    |
    1 Quiz
  20. 🎯Comprehensive Test: Discontinued Operations
    1 Quiz
  21. 🚨🚨HOW TO SOLVE SIMULATIONS (TUTORIAL + VIDEO EXAMPLES)
    ✅ CPA Exam Simulation Tutorial + AICPA Video Questions
    18 Topics
    |
    2 Quizzes
  22. FAR 1.03- COMPREHENSIVE INCOME
    📖Comprehensive Income
    6 Topics
    |
    1 Quiz
  23. 🎯Comprehensive Test: Comprehensive Income & Foreign Currency + AICPA Questions
    1 Quiz
  24. FAR 1.04 STATEMENT OF CHANGES IN EQUITY
    📖Statement Of Retained Earnings & Changes In Equity
    6 Topics
    |
    1 Quiz
  25. FAR 1.06- STATEMENT OF CASH FLOWS
    📖Introduction To The Statement Of Cash Flows
    4 Topics
    |
    2 Quizzes
  26. 📖Operating Section: Indirect Method
    4 Topics
    |
    2 Quizzes
  27. 📖Direct Method Section: Not Covered On The CPA Exam But Helpful For Converting Cash To Accrual & Vice Versa
    4 Topics
    |
    2 Quizzes
  28. 📖How To Prepare The Operating Section Statement Of Cash Flows
    2 Topics
  29. 📖Investing Section
    4 Topics
  30. 📖Financing Section
    3 Topics
    |
    2 Quizzes
  31. 📖Comprehensive Example
    1 Topic
  32. 🎯Test: Statement of Cash Flows + AICPA Questions
    1 Quiz
  33. FAR 1.07- CONSOLIDATED FINANCIAL STATEMENTS
    📖Introduction To Consolidation
    4 Topics
  34. 📖Elemination Entries Of The Investment In Subsidiary
    2 Topics
  35. 📖Balance Sheet Eliminating Entries
    2 Topics
    |
    1 Quiz
  36. 📖Elimination Of Non Depreciable Assets
    2 Topics
    |
    1 Quiz
  37. 📖Elimination Of Depreciable Assets
    2 Topics
    |
    1 Quiz
  38. 📖Elimination Of Bonds Payable
    2 Topics
    |
    1 Quiz
  39. 📖Consolidated Financial Statements
    5 Topics
    |
    1 Quiz
  40. 📖Pushdown Accounting
    1 Topic
    |
    2 Quizzes
  41. 📖Inventory Eliminating Entries
    2 Topics
    |
    1 Quiz
  42. 🎯Test: Business Combinations and Consolidations + AICPA Questions
    1 Quiz
  43. FAR 1.08- NOTES TO FINANCIAL STATEMENTS
    📖Notes To Financial Statements
    2 Topics
  44. FAR 2- NOT-FOR-PROFIT FINANCIAL REPORTING
    📖Introduction To Not For Profit Accounting / Statement Of Financial Position
    2 Topics
  45. 📖Statement Of Activities
    2 Topics
  46. 📖Statement Of Cash Flows
    7 Topics
    |
    1 Quiz
  47. 📖Contribution Revenue, Contribution Of Services And Donated Material
    6 Topics
  48. 📖Example
    2 Topics
    |
    2 Quizzes
  49. 📖Accounting For Health Care Providers
    4 Topics
    |
    1 Quiz
  50. 🎯Test: Not For Profit AICPA Questions
    1 Quiz
  51. FAR 3- GOVERNMENTAL ACCOUNTING OVERVIEW
    📖Introduction To Governmental Accounting
    6 Topics
    |
    4 Quizzes
  52. 📖Fund Accounting
    5 Topics
  53. 📖Governmental Funds
    3 Topics
  54. 📖Proprietary Funds
    2 Topics
  55. 📖Fiduciary Funds
    2 Topics
  56. 📖Modified Accrual Accounting
    3 Topics
  57. 🎯Test: Government Accounting and Reporting + AICPA Questions
    1 Quiz
  58. FAR 4- PUBLIC COMPANY REPORTING
    📖Public Company Reporting
    4 Topics
    |
    1 Quiz
  59. 📖Basic EPS
    8 Topics
    |
    1 Quiz
  60. 📖Diluted EPS
    10 Topics
    |
    2 Quizzes
  61. 🎯Test: Earnings Per Share + AICPA Questions
    1 Quiz
  62. 🎯Comprehensive Test: SEC Reporting Requirements
    1 Quiz
  63. FAR 5- SPECIAL PURPOSE FRAMEWORK
    📖Special Purpose Framework
    11 Topics
    |
    1 Quiz
  64. 🎯AICPA Questions: Cash to Accrual
    1 Quiz
  65. FAR 6- RATIO & VARIANCE ANALYSIS
    📖Financial Statement Analysis
    6 Topics
  66. 📖Ratio Analysis
    11 Topics
    |
    1 Quiz
  67. 📖Variance Analysis
    2 Topics
    |
    2 Quizzes
  68. 📖Comprehensive Practice Financial Statement Analysis
    5 Topics
  69. 🎯Test: Ratio Analysis
    1 Quiz
  70. FAR 7- CASH & CASH EQUIVALENTS
    📖Cash and cash equivalents
    4 Topics
    |
    2 Quizzes
  71. 📖Bank Recinciliation
    6 Topics
    |
    2 Quizzes
  72. FAR 8- TRADE & NOTES RECEIVABLE
    📖Account Or Trade Receivable
    12 Topics
    |
    2 Quizzes
  73. 📖Notes Receivable
    6 Topics
    |
    2 Quizzes
  74. 📖Pledging & Factoring Receivable
    6 Topics
  75. 🎯Comprehensive Test: Cash and Receivables + AICPA Questions
    2 Quizzes
  76. FAR 9- INVENTORY
    📖Perpetual Versus Periodic
    6 Topics
    |
    2 Quizzes
  77. 📖FOB Shipping & Destination
    3 Topics
  78. 📖Period & Product Cost
    4 Topics
  79. 📖Cost Flow Assumptions (FIFO, LIFO, etc.)
    6 Topics
    |
    2 Quizzes
  80. 📖Inventory Errors
    6 Topics
    |
    1 Quiz
  81. 📖LIFO Reserve
    3 Topics
  82. 📖LIFO Liquidation
    2 Topics
  83. 📖Dollar Value LIFO
    6 Topics
    |
    2 Quizzes
  84. 📖Lower Of Cost or Net Realizable Value
    11 Topics
    |
    2 Quizzes
  85. 📖Relative Sales Value Method Lump Sum Purchase
    3 Topics
    |
    1 Quiz
  86. 📖Purchase Commitment
    3 Topics
    |
    1 Quiz
  87. 📖Estimating Inventory Using Gross Profit
    5 Topics
    |
    2 Quizzes
  88. 📖Retail Inventory Method
    4 Topics
    |
    2 Quizzes
  89. 🎯Test: Inventory + AICPA Questions
    1 Quiz
  90. FAR 10.1- PROPERTY, PLANT & EQUIPMENT
    📖Cost Basis
    11 Topics
    |
    2 Quizzes
  91. 📖Interest Capitalization
    7 Topics
    |
    2 Quizzes
  92. FAR 10.2- DEPRECIATION & IMPAIRMENT
    📖Depreciation
    18 Topics
    |
    2 Quizzes
  93. 📖Depletion Expense
    3 Topics
    |
    2 Quizzes
  94. 📖Disposition Of Property Plant & Equipment
    2 Topics
    |
    1 Quiz
  95. 📖Impairment Losses
    3 Topics
    |
    1 Quiz
  96. 🎯Test: Fixed Assets including Interest Capitalization and Impairment + AICPA Questions
    1 Quiz
  97. FAR 11.1- FINANCIAL INSTRUMENTS
    📖Introduction To Investments
    2 Topics
  98. 📖Debt Securities Available For Sale
    5 Topics
  99. 📖Debt Securities Held To Maturities
    5 Topics
  100. 📖Accounting For Debt Securities
    3 Topics
    |
    2 Quizzes
  101. 📖Equity Securities
    2 Topics
    |
    2 Quizzes
  102. 📖Fair Value Option For Investments
    3 Topics
  103. 📖Impairment Of Value Of Debt Investment CECL
    5 Topics
    |
    1 Quiz
  104. 📖Statement Of Comprehensive Income & Reclassification Adjustment
    6 Topics
    |
    1 Quiz
  105. 📖Financial Instruments Disclosures
    1 Topic
    |
    1 Quiz
  106. FAR 11.2- EQUITY METHOD
    📖Equity Method
    4 Topics
    |
    2 Quizzes
  107. 🎯Test: Marketable Securities and Investments + AICPA Questions
    1 Quiz
  108. FAR 12- INTANGIBLE ASSETS WITH FINITE LIVES
    📖Intro To Intangible Assets
    6 Topics
    |
    2 Quizzes
  109. 📖Impairment Of Intangibles
    3 Topics
  110. 📖Goodwill & Goodwill Impairment
    7 Topics
    |
    2 Quizzes
  111. 📖Accounting For Computer Software Cost
    1 Topic
    |
    1 Quiz
  112. 📖Research & Development Cost
    6 Topics
    |
    1 Quiz
  113. 📖Start-Up & Initial Operating Losses
    4 Topics
  114. 📖Franchise Accounting
    2 Topics
  115. 📖Cloud Computing Arrangement
    1 Topic
  116. 🎯Test: Intangibles Assets and Software Cost
    1 Topic
    |
    1 Quiz
  117. FAR 13- PAYABLE & ACCRUED LIABILITIES
    📖Current Liabilties
    11 Topics
    |
    3 Quizzes
  118. 📖Short-Term Obligations Expected To Be Refinanced
    3 Topics
    |
    2 Quizzes
  119. 📖Payroll Liabilities
    5 Topics
  120. 📖Asset Retirement Obligation
    3 Topics
  121. 📖Exit Disposal
    2 Topics
  122. FAR 14.1- TIME VALUE OF MONEY
    📖Intro To Time Value Of Money
    3 Topics
    |
    1 Quiz
  123. 📖Present Value Of Single Amount
    4 Topics
    |
    2 Quizzes
  124. 📖Present Value Of Annuity
    4 Topics
  125. 📖Future Value Of Annuity
    5 Topics
    |
    1 Quiz
  126. 📖Present Value Of Bond Computation & Deferred Annuity
    6 Topics
  127. 📖Debt Covenant
    2 Topics
  128. FAR 14.2- BONDS
    📖Bonds
    11 Topics
  129. 📖Issue Bonds Between Interest Payments
    7 Topics
  130. 📖Types Of Bonds
    2 Topics
    |
    1 Quiz
  131. 📖CPA Exam Questions: Bonds Payable
    3 Topics
    |
    2 Quizzes
  132. 📖Fair Value Options For Libabilities
    3 Topics
  133. 📖Long Term Notes Payable
    4 Topics
    |
    2 Quizzes
  134. FAR 14.3- DEBT RETIREMENT & RESTRUCTURING
    📖Debt Retirement
    4 Topics
    |
    1 Quiz
  135. 📖Debt Restructuring
    7 Topics
    |
    2 Quizzes
  136. 🎯Test: Bonds and Other Non current Liabilities + AICPA Questions
    1 Quiz
  137. FAR 15.1- STOCKHOLDERS' EQUITY
    📖Issuing Common Stock
    10 Topics
    |
    2 Quizzes
  138. 📖Preferred Stock
    3 Topics
    |
    2 Quizzes
  139. 📖Treasury Stock
    12 Topics
    |
    2 Quizzes
  140. 📖Book Value Per Share
    4 Topics
  141. 📖Stock Subscriptions & Stock Rights
    3 Topics
    |
    1 Quiz
  142. 📖Dividends
    5 Topics
    |
    2 Quizzes
  143. 📖Property & Liquidating Dividends
    4 Topics
  144. 📖Stock Dividend
    6 Topics
  145. 📖Statement Of Stockholder's Equity
    2 Topics
  146. FAR 15.2- PARTNERSHIP
    📖Partnership
    10 Topics
    |
    1 Quiz
  147. 🎯Test: Stockholders’ Equity
    1 Quiz
  148. FAR 16- ACCOUNTING CHANGES & ERROR CORRECTIONS
    📖Accounting Changes
    5 Topics
    |
    2 Quizzes
  149. 📖Changes In Estimates
    5 Topics
    |
    1 Quiz
  150. 📖Changes In Reporting Entity
    2 Topics
    |
    2 Quizzes
  151. 📖Error Analysis
    12 Topics
    |
    2 Quizzes
  152. 🎯Comprehensive Test: Changes in Accounting Principles + AIPCPA Questions
    1 Quiz
  153. FAR 17- CONTINGENCIES & COMMITMENTS
    📖Loss Contingency & Estimated Liability
    6 Topics
  154. 📖Premium & Coupon Explained
    6 Topics
  155. 📖Warranty Cost
    7 Topics
    |
    2 Quizzes
  156. 🎯Test: Payables and contingencies
    1 Quiz
  157. FAR 18- REVENUE RECOGNITION
    📖Revenue Recognition 5 Steps
    17 Topics
    |
    2 Quizzes
  158. 📖Long-Term Construction Contract
    14 Topics
    |
    2 Quizzes
  159. 📖Sales Returns & Allowances
    4 Topics
  160. 📖Bill & Hold
    3 Topics
  161. 📖Accounting For Sales On Consignment
    1 Topic
  162. 📖Warranty & Upfront Fees
    4 Topics
  163. 📖Sales Reconciliation
    2 Topics
  164. 📖Repurchase Agreement Options
    3 Topics
  165. 📖Incremental Cost Of Obtaining A Contract & Cost To Fulfill A Contract
    1 Topic
  166. 📖Refund Liabilities & Rights Of Return
    1 Topic
    |
    2 Quizzes
  167. 📖Contract Modification
    3 Topics
  168. 🎯AICPA Questions: Revenue Recognition
    1 Quiz
  169. FAR 19- ACCOUNTING FOR INCOME TAXES
    📖Introduction To Deferred Taxes
    3 Topics
  170. 📖Deferred Tax Liabilities
    4 Topics
  171. 📖Deferred Tax Asset & Valuation Allowance
    7 Topics
    |
    1 Quiz
  172. 📖Temporary & Permanent Differences
    7 Topics
    |
    2 Quizzes
  173. 📖Uncertain Tax Position
    3 Topics
    |
    1 Quiz
  174. 📖CPA Exam Questions & MCQs
    10 Topics
  175. 📖Net Operating Loss
    5 Topics
  176. 📖Enacted Future Tax Rates
    3 Topics
    |
    2 Quizzes
  177. 🎯Test: Income Taxes + AICPA Questions
    1 Quiz
  178. FAR 20- FAIR VALUE MEASURMENTS
    📖Fair Value Measurments
    6 Topics
    |
    1 Quiz
  179. 🎯Test: Fair Value Accounting + AICPA Questions
    1 Quiz
  180. FAR 21- LEASES
    📖Introduction To Leases
    4 Topics
    |
    1 Quiz
  181. 📖Operating & Finance Lease
    9 Topics
    |
    2 Quizzes
  182. 📖Leases- Financial Statement Presentation & Disclosures
    4 Topics
  183. 🎯Test: Leases AICPA Questions
    1 Quiz
  184. FAR 22- SUBSEQUENT EVENTS
    📖Subsequent Events
    2 Topics
    |
    1 Quiz

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  1. FAR UWorld Supplemental Course
  2. 📖Balance Sheet Overview
  3. ✏️ Matching Items to Their Preferred Classification on the Balance Sheet🟢
Lesson 13, Topic 11
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✏️ Matching Items to Their Preferred Classification on the Balance Sheet🟢

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