CPA Exercises (Beta)

Key

🔥 = Vital Topic

FAR (Financial Accounting and Reporting)

• Accounts

  • Account Types
  • Accounting Equation
  • Debits and Credits [UPDATED!]
  • Journal Entries for a Sale [NEW!]
  • Plugs [NEW!]

• Bad Debt

  • Aging Method for Estimating Uncollectable Accounts
  • Percentage of Sales Method for Estimating Bad Debt Expense

• Bonds

  • Bonds at a Premium or Discount
  • Journal Entries for Bonds at Par
  • Present Value of Bonds

• Cash and Cash Flow

  • Annuities
  • Bank Reconciliation
  • Cash and Cash Equivalents
  • Cash Flow From Operating Activities: Indirect Method
  • Time Value of Money

• Depreciation

  • Double-Declining-Balance Depreciation [UPDATED!]
  • Journal Entries for Depreciation [NEW!]
  • Straight-Line Depreciation [UPDATED!]
  • Sum-of-Years-Digits Depreciation [UPDATED!]
  • Units of Production Depreciation

• Foreign Currency Exchange

  • Exchange Rates
  • Foreign Currency Gain or Loss [NEW!]

• Inventory

  • Cost of Goods Sold
  • FIFO Inventory [NEW!]
  • FIFO or LIFO? [NEW!]
  • Free on Board
  • LIFO Inventory [NEW!]
  • Lower of Cost or Market
  • Lower of Cost or Market vs Net Realizable Value [NEW!]
  • Lower of Cost or Net Realizable Value [NEW!]

• Leases

  • Finance or Operating Lease?

• Misc

  • Common Stock Classifications
  • FASB Conceptual Framework [NEW!]
  • Financial Ratios
  • Financial Statements
  • Sales Discounts
  • Types of Accounting Changes [NEW!]

• Valuation

  • Equity Method
  • Fair Value
  • Fair Value Hierarchy
  • Fair Value Method

AUD (Auditing and Attestation)

• Audit Reports

  • Contingent Liabilities [NEW!]
  • Inventory Errors
  • Subsequent Events

REG (Taxation and Regulation)

• Tax

  • Deferred Tax Assets and Liabilities

BAR (Business Analysis and Reporting)

• Government Accounting

  • Governmental Funds

• Managerial Accounting

  • Break-Even Analysis
  • Fixed or Variable Costs
  • Labor Efficiency Variance

Misc. Topics NOT on the CPA exam

• Various

  • Chart of Accounts
  • Government Forms
  • IRS Tax Forms
  • States without Income Tax
  • States without Sales Tax