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US CPA: Financial Accounting and Reporting (FAR) · review course

USCPA-02 · Professional qualifications

CertiFi's review course for the Financial Accounting and Reporting (FAR) core section of the AICPA Uniform CPA Examination. Sixteen lessons follow the three content areas of the AICPA blueprint effective for 2026 testing (financial reporting, select balance sheet accounts and select transactions), covering US GAAP for business entities, nongovernmental not-for-profit entities and state and local government concepts, with worked examples, exam tips and a large original multiple-choice question bank.

Who it's for

Accounting graduates and professionals preparing to sit the FAR section of the US CPA Exam who want structured, exam-focused revision with plenty of practice.

What you'll be able to do

  • Prepare and present general-purpose financial statements for business entities, including the statement of cash flows, consolidations and public company disclosures such as EPS and segments
  • Apply ASC 958 to not-for-profit entities and explain GASB fund accounting, measurement focus and the government reporting model
  • Measure and report cash, receivables (CECL), inventory, PP&E, intangibles, investments, liabilities, debt and equity under current US GAAP
  • Account for revenue under ASC 606, income taxes under ASC 740, lessee leases under ASC 842 and fair value under ASC 820
  • Apply the rules for accounting changes, error corrections, contingencies and subsequent events
  • Approach FAR multiple-choice questions and task-based simulations with an efficient, calculation-first technique

Lessons

  1. 1The FAR exam, standard setting and the Conceptual Framework6 min video
  2. 2Financial statements and consolidation basics6 min video
  3. 3Statement of cash flows5 min video
  4. 4Not-for-profit entities5 min video
  5. 5State and local government concepts5 min video
  6. 6Public company reporting, special purpose frameworks and ratios5 min video
  7. 7Cash and trade receivables5 min video
  8. 8Inventory5 min video
  9. 9Property, plant and equipment and intangible assets5 min video
  10. 10Investments5 min video
  11. 11Payables, accrued liabilities and long-term debt5 min video
  12. 12Equity5 min video
  13. 13Accounting changes, errors, contingencies and subsequent events5 min video
  14. 14Revenue recognition5 min video
  15. 15Accounting for income taxes5 min video
  16. 16Fair value measurement and lessee accounting5 min video