US CPA FAR Prep: Financial Accounting and Reporting

Are you preparing for the CPA or CA exams and seeking a comprehensive guide to Financial Accounting and Reporting (FAR)? Look no further! This course, taught by CPA and CA expert Kamal Chhabra, provides an in-depth exploration of FAR concepts to ensure you excel in your examinations and advance your accounting career.

What You’ll Learn:

• FAR Exam Fundamentals:
  • Get acquainted with the structure, content, and requirements of the FAR exam, setting a solid foundation for your preparation.
• Financial Reporting:
  • Master the preparation and interpretation of general-purpose financial statements for both for-profit and not-for-profit entities.
  • Understand state and local government reporting requirements.
  • Dive into public company reporting topics, special purpose frameworks, and financial statement ratios and performance metrics.
• Balance Sheet Accounts:
  • Explore the accounting treatment and reporting for key balance sheet accounts, including:
    • Cash and cash equivalents
    • Trade receivables
    • Inventory
    • Property, plant, and equipment
    • Investments
    • Intangible assets
    • Payables and accrued liabilities
    • Debt (financial liabilities)
    • Equity
• Select Transactions:
  • Learn the accounting treatment for various transactions such as:
    • Accounting changes and error corrections
    • Contingencies and commitments
    • Revenue recognition
    • Income taxes
    • Fair value measurements
    • Lessee accounting
    • Subsequent events
• Practical Application:
  • Apply theoretical knowledge to real-world scenarios and solve complex accounting problems.
  • Develop effective exam strategies and tips to build confidence and improve performance.
• Comprehensive Review:
  • Reinforce your learning with practice problems and review key concepts to ensure a thorough understanding of FAR principles.

Why This Course?

• Expert Instruction: Learn from Kamal Chhabra, a seasoned CPA and CA professional with extensive experience in financial accounting and reporting.
• Structured Learning: Follow a well-organized curriculum designed to cover all essential topics for the FAR exam.
• Practical Insights: Gain practical tips and strategies that are directly applicable to the exam and real-world accounting scenarios.
• Flexible Learning: Access the course material anytime, anywhere, and learn at your own pace.

Who Should Enroll:

• CPA and CA candidates seeking comprehensive preparation for the FAR exam.
• Accounting professionals aiming to deepen their knowledge of financial accounting and reporting.
• Students of accounting who want to build a strong foundation in FAR concepts.
• Individuals interested in mastering financial accounting practices for career advancement.

Enroll today and start your journey to mastering Financial Accounting and Reporting with