Quick reference tools for the 2023 CPA FAR exam
Wiley's CPA Jan 2023 Focus Notes: Financial Accounting and Reporting offer practical and hands-on flashcard-style notes on the Financial Accounting and Reporting section of the Certified Public Accountant (CPA) exam. Perfect for targeted review sessions focused on essential, core concepts covered on FAR, the 2023 Focus Notes include:
- Conceptual Framework, Standard-Setting, and Financial Reporting
- Select Financial Statement Accounts
- Select Transactions
- State and Local Governments
Designed for motivated CPA candidates sitting for FAR in 2023, Wiley's CPA Jan 2023 Focus Notes: Financial Accounting and Reporting are the proven solution for testing your knowledge in quick study sessions leading up to exam day.
Table of Contents
Preface vii
Financial Accounting Standards Board (FASB) 1
Fair Value Framework 16
General-Purpose Financial Statements 21
Public Company Reporting Topics (SEC, EPS, Interim, and Segment) 61
Financial Statements of Employee Benefit Plans 74
Special Purpose Frameworks 76
Cash and Cash Equivalents 80
Accounts Receivable - Accounting and Reporting 82
Inventory94 Property, Plant, and Equipment 119
Nonmonetary Exchanges 133
Investments140 Intangible Assets 151
Payables and Accrued Liabilities 165
Long-Term Debt (Financial Liabilities) 171
Equity188 Revenue Recognition 205
Share-Based Payments 215
Income Taxes 219
Accounting Changes and Error Corrections 230
Business Combinations 237
Financial Instruments 240
Foreign Currency-Denominated Transactions 247
Leases251 Not-for-Profit Organizations 272
Special Industries: Health Care and Colleges 287
State and Local Government Concepts 289
Format and Content of Comprehensive Annual Financial Report (CAFR) 315
Typical Items and Specific Types of Transactions and Events 337
Index347
