FAR 15-Day CRAM

Interested in this course? Email us at [email protected]

Course curriculum

1. Intro to Accounting-Balance Sheet
2. Balance Sheet-Assets and Liabilities
3. Balance Sheet-Equity
4. Limitations of the balance sheet
5. sample test
1. Deferral of Expense
2. Deferral of Revenue
3. Accrual of Revenue
4. Accrual of Expenses
5. Cash to Accrual Net Income
6. Cash to Accrual Net Income Continued
7. Accruals and Deferrals Video Sim
1. MD_A Disclosure
2. Summary of Significant Accounting Policies
3. Nature of Operations and Estimates
4. Disclosures due to Concentrations
5. Subsequent Events
6. Assets-The Basics
7. Liabilities The Basics
8. Fair Value Framework Part 1-Most Advantageous Market
9. Fair Value Framework Part 2
10. Fair Value Simulation
1. Accounts Receivable-Gross and Net Method
2. Credit Loss Expense Part 1
3. Credit Loss Expense Part 2
4. Write-off and Recovery---
5. Factoring Pledging and Assigning
6. Notes Receivable-Interest Bearing
7. Notes Receivable-Non Interest Bearing
8. Discounting a Note
9. Sim-Analysis of accounts receivable
10. Sim-Notes Receivable-Non-Interest Bearing Note
1. Identify the contract with the customer
2. Identify the Separate Performance Obligations
3. Determine the Transaction Price
4. Allocate the Transaction Price to the Separate Performance Obligations
5. Recognize Revenue as Performance Obligations are Satisfied
6. Incremental Costs
7. Principal and Agent
8. Revenue From Consignment Arrangements
1. Long Term Construction Contracts
2. Completed contract method
3. Sim on Long Term Construction Contracts P2
4. Sim on Long Term Construction Contracts P3
5. Simulation on Long Term Construction Part 1
1. Income Statement-The Basics
2. Income Statement-Expense Categories
3. Discontinued Operations
4. Change in Accounting Estimate
5. Change in Principle
6. Change in Reporting Entity
7. Error corrections
8. Statement of Retained Earnings
9. Special Purpose Framework
10. Private Company Council
11. Private Company Council P2
12. Interim Financial Reporting-the basics
13. Interim financial reporting-continued
1. Fixed Assets Part 1
2. Land and Land Improvements
3. Basket Purchase
4. Capitalization of Interest-The Basics
5. Capitalization of Interest Continued
6. Impairment of Fixed Assets and Patents
7. Intangible Assets-Infinite life vs finite
8. Straight line Depreciation
9. Sum of the Years Digits depreciation
10. Double Declining Balance
11. Change of Methods and Units of Production
12. Composite Depreciation
13. Depletion
14. Sim-Land and Land Improvements
15. Simulation on Capitalized Interest
1. Leases the Basics
2. Operating Leases
3. Finance Leases-The Basics
4. Finance Leases-continued
5. Operating Lease Sim
6. Sales type Lease Sim
1. Liabilities-The Basics
2. Gross and Net Method
3. Payroll Tax Liabilities
4. Sales tax Liability
5. Contingent Liabilities
6. Compensated Absences
7. Current Liabilities-Special topics
8. Firm Purchase Commitments
9. Notes Payable
10. Termination Liabilities-The basics
11. Termination Liabilities-No Future Services
12. Termination Liabilities-Future Services Required
1. Bonds-The Basics
2. Present Value and Journal Entries
3. Bond Issuance Costs
4. Bonds issued between interest dates
5. Year end bond interest accrual
6. Early Extinguishment of Bonds
7. Additional Bond Topics
8. Sinking Fund Requirements
9. Troubled Debt Restructuring
10. Bond Issuance cost sim
1. Cash and Cash Equivalents
2. Bank Reconciliations
3. Intro to Statement of Cash Flows
4. Direct method
5. Indirect Method Part 1
6. Indirect Method Part 2
7. Investing and Financing
1. Stockholders Equity The Basics
2. Issuance of common stock
3. Stock Subscriptions
4. Cumulative Preferred Stock
5. Convertible Preferred Stock
6. Participating Preferred Stock
7. Treasury Stock-Cost Method and Retirement
8. Treasury Stock Par Value Method
9. Cash and Property Dividends
10. Stock Dividends vs Stock Splits
11. Appropriated Retained Earnings
12. Quasi-Reorganization
13. Statement of Changes in Stockholders Equity-2024
1. Investments in Debt Securities Trading
2. Investments in Debt Securities-AFS
3. Investments in HTM Debt
4. Investments in Equity Securities FVNI Part 1
5. Investments in Equity FVNI Part 2
6. Equity Method
7. Equity Method with Goodwill
8. Cash Surrender Value of Life Insurance
9. AFS Debt Securities Sim Part 1
10. AFS Debt Securities Sim Part 2
11. Credit Loss Simulation
12. Simulation on Investing in Equity Securities-FVNI
1. Foreign currency import transactions
2. Foreign Currency Export Transactions
1. Business Combinations
2. Cost of Acquisitions-Fair Value Adjustments
3. Goodwill and Non-Controlling Interest
4. Goodwill and non-controlling interest continued
5. Fair Value of Net Assets not Known
6. Eliminating Entry
7. Inter-company Inventory
8. Intercompany sales of fixed assets
9. Variable Interest Entities
10. Sim on Consolidated Financial Statements with Workpaper Adjustments
1. Government Accounting-The Basics
2. Basic governmental Funds Part 1
3. Basic Gov Funds Part 2
4. Proprietary Funds
5. 5 Categories of Fund Balance
6. Fiduciary Funds
7. Enterprise Fund Statement of Cash Flows
8. Other Financing Sources and Uses
9. Budget and Closing entries
10. Encumbrances
11. Purchase vs Consumption Method
12. Government Property Taxes Accrual
13. Major vs Non-Major Funds
1. Not For Profit-The Basics
2. Not For Profits-Net Assets Model
3. Not For Profits-Objectives of Financial Reporting
4. Program vs Support
5. Conditional vs Unconditional
6. Multi Year Pledges
7. Donated Services
8. Fixed Assets and Investment Income
9. Expense breakdown by function
10. Endowment Reporting
11. Statement of Cash Flows
12. Not For Profit Colleges Part 1
13. Not For Profit Colleges P2
14. Not For Profit Hospitals P1
15. Not For Profit Hospitals-P2
16. With and Without Variance Power
1. Basic EPS-Numerator
2. Basic EPS-Denominator
3. Basic EPS-Advanced Topics
4. Fully Diluted EPS
5. Options and Warrants
6. Earnings Per Share Sim Video
1. Permanent Differences
2. Temporary Differences-Book Income this Year, taxable income next year
3. Taxable income this year, book income next year
4. Temporary Differences-Deduct this Year Expense Next Year
5. Expense this Year Deduct Next Year
6. Valuation allowance
7. Net Operating losses
8. Sim on book income to taxable income
1. Inventory-The Basics
2. Perpetual vs Periodic
3. Inventory Errors
4. Inventory-Consignment
5. Lower of Cost or NRV
6. Lower of Cost or Market
7. FIFO
8. Periodic LIFO
9. Perpetual LIFO
10. Dollar Value LIFO
11. Weighted Average and Moving Average
12. Relative Sales Value and Retail inventory Sim
13. Sub-Ledger to General Ledger Inventory Sim
1. Liquidity Ratios
2. Common Size Balance Sheet
3. Operating and Cash Conversion Cycle---
4. Transaction effect on ratios
5. Transaction effect on ratios-simulation
6. Financial Statement Ratios Sim
1. Comprehensive Income P1
2. Comprehensive Income P2
3. OCI Part 3
1. Final Exam Ratio Sim Part 1
2. Final Exam Ratio Sim Part 2
3. Accounting for income taxes Simulation-Book income to taxable income-
4. Adjusting and Correcting Entries Sim and effect on Working Capital
5. Asset Retirement Obligations Sim
6. Cash basis to Accrual Sim
7. Credit Loss Simulation
8. Equity Method Simulation
9. Inventory Simulation Continued-Moving Average and Perpetual
10. Inventory Simulation on FIFO, Weighted Average, and LIFO Periodic
11. Simulation on Capitalization of Interest
12. Simulation on Equity Investments with Journal Entries
13. Sub Ledger to General Ledger Inventory Sim

About this course

Free
223 lessons
60 hours of video content

Discover your potential, starting today

Enroll today

FAR 15-Day CRAM

Course curriculum

Balance Sheet

Cash Basis to Accrual-Adjusting Entries

Disclosures, Footnotes, and Fair Value Framework

Accounts and Notes Receivable

Revenue Recognition

Accounting for Long Term Construction Contracts

Income Statement and Accounting Changes

Fixed Assets and Impairments

Leases

Other Liabilities

Bonds

Cash and Cash Equivalents-Statement of Cash Flows

Stockholders Equity

Marketable Securities

Foreign Currency

Business Combinations

Government Fund Accounting

Not For Profit Accounting

Earnings Per Share

Accounting for Income Taxes

Inventory

Ratios

Comprehensive Income

Final Review Chapter

About this course

Discover your potential, starting today