Wiley's CPA Jan 2022 Focus Notes Financial Accounting and Reporting

by Unknown

• ISBN13: 9781119848608
• ISBN10: 1119848601
• Edition: 1st
• Format: Paperback
• Copyright: 2021-11-02
• Publisher: Wiley

Summary

A helpful and powerful study aid for the FAR-CPA exam

Wiley's CPA Jan 2022 Focus Notes: Financial Accounting and Reporting is an irreplaceable study aid for all students preparing for the 2022 Financial Accounting and Reporting (FAR) portion of the Certified Public Accountants series of exams.

These Focus Notes offer information-rich, flashcard-style pages full of must-know concepts that are perfect for exam prep. Every topic and domain covered by the exam is explored in these notes, including:

• Conceptual Framework, Standard-Setting, and Financial Reporting
• Select Financial Statement Accounts
• Select Transactions
• State and Local Governments

This hands-on resource offers students one of the most efficient and practical ways to improve their confidence before taking the challenging FAR-CPA exam.

Author Biography

Wiley empowers learners, researchers, universities, and corporations to achieve their goals in an ever-changing world. For over 200 years, Wiley has been helping people and organizations develop the skills and knowledge they need to succeed. Wiley develops digital education, learning, assessment, and certification solutions to help universities, businesses, and individuals move between education and employment and achieve their ambitions. By partnering with learned societies, we support researchers to communicate discoveries that make a difference. Our online scientific, technical, medical, and scholarly journals, books, and other digital content build on a 200-year heritage of quality publishing.

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) 60

Financial Statements of Employee Benefit Plans 73

Special Purpose Frameworks 75

Cash and Cash Equivalents 78

Accounts Receivable—Accounting and Reporting 80

Inventory 92

Property, Plant, and Equipment 117

Nonmonetary Exchanges 131

Investments 138

Intangible Assets 149

Payables and Accrued Liabilities 163

Long-Term Debt (Financial Liabilities) 169

Equity 186

Revenue Recognition 203

Share-Based Payments 213

Income Taxes 217

Accounting Changes and Error Corrections 228

Business Combinations 235

Financial Instruments 238

Foreign Currency–Denominated Transactions 245

Leases 249

Not-for-Profit Organizations 270

Special Industries: Health Care and Colleges 285

State and Local Government Concepts 287

Format and Content of Comprehensive Annual Financial Report (CAFR) 313

Typical Items and Specific Types of Transactions and Events 335

Index 345