Financial Accounting and Reporting (FAR)
The FAR Core section — the conceptual framework and U.S. GAAP for preparing and presenting financial statements, plus select topics for state and local governments.
Study sets
- Assets, Liabilities & Measurement Hard
Find key measurement topics — depreciation, inventory cost flow, bonds payable, leases, deferred taxes, and fair value — in this CPA word search.
8 terms - Combinations & Special Reporting Hard
Find consolidation and specialized reporting topics — goodwill, the equity method, comprehensive income, and fund accounting — in this CPA word search.
6 terms - Financial Statements & Basics Easy
Find the foundations of financial reporting — GAAP, accrual basis, the matching principle, and the core financial statements — in this CPA word search.
8 terms
Terms glossary
- Accrual Basis
- Accruals and Deferrals
- Asset Impairment
- Balance Sheet
- Bonds Payable
- Comprehensive Income
- Consolidation
- Deferred Taxes
- Depreciation
- Equity Method
- Fair Value
- Fund Accounting
- Goodwill
- Income Statement
- Inventory Cost Flow
- Lease Accounting
- Loss Contingencies
- Matching Principle
- Revenue Recognition
- Statement of Cash Flows
- Statement of Stockholders Equity
- U.S. GAAP