Balance Sheet Analysis and Reporting
Area I - Financial Reporting
Learn the fundamentals of balance sheet preparation, including asset and liability classification, equity components, and presentation requirements under GAAP.
A collection of topics that are tested on the CPA Exam - Based on being a candidate.
There isn't a lot of content out there that is CPA Exam focused. So I decided to create my own. Stay tuned for more content as I continue to add to this series.
Financial Accounting and Reporting (FAR)
Lessee Accounting Under ASC 842
Area III - Select Transactions
Master the complexities of lease accounting, including right-of-use assets, lease liabilities, and the impact on financial statements.
Subsequent Events and Adjustments
Area III - Select Transactions
Understand the recognition and disclosure requirements for subsequent events, including the distinction between recognized and non-recognized subsequent events.
Tax Compliance and Planning (TCP)
Partnership Ownership Changes
Area III - Entity Tax Compliance
Explore the tax implications of partnership interest transfers, including basis adjustments and the impact on both the partnership and partners.
Partner's Basis in Partnership Interest
Area II - Entity Tax Compliance
Learn how to calculate and track a partner's basis in their partnership interest, including contributions, distributions, and share of partnership items.