About this course
This comprehensive playlist offers a complete and structured course in Financial Accounting, covering everything from the basic accounting equation to complex financial statement analysis. Designed for CPA candidates, CMA candidates, and accounting students, these lectures provide a deep dive into the recognition, measurement, and reporting of assets, liabilities, and equity. Mastering these foundational and advanced topics is essential for building a strong technical base, ensuring the accuracy of financial reports, and succeeding on the FAR section of the CPA exam and Part 1 of the CMA exam.
🌐 Unlock the full Financial Accounting course on our website:
Visit FarhatLectures.com and start your free trial today:
🔗 https://lnkd.in/g4hZAp2
At FarhatLectures.com, you’ll get:
✅ Lessons on relevant topics
✅ CPA/CMA-style multiple-choice questions and simulations
🤖 Access to the Farhat AI Assistant for guided problem-solving
🎙 Podcast lessons covering accounting and exam topics
📊 Complete CPA, CMA, EA, and Accounting courses
🙌 Direct support from the Farhat team
The website provides structured lessons, exam practice, simulations, and AI tools — everything beyond YouTube.
📌 What You Will Learn
The fundamental accounting cycle, including journalizing, posting to the ledger, and preparing a trial balance.
Principles of revenue recognition and the matching principle under the accrual basis of accounting.
Detailed accounting for current assets, including cash, receivables, and various inventory cost flow methods (FIFO, LIFO, Weighted Average).
Valuation and depreciation of long-term assets, including PPE, intangibles, and natural resources.
Accounting for current and long-term liabilities, including payroll, contingencies, and bonds payable.
The components of stockholders’ equity, treasury stock transactions, and dividend distributions.
Preparation and interpretation of the four primary financial statements: Balance Sheet, Income Statement, Statement of Retained Earnings, and Statement of Cash Flows.
🎯 Exam-Focused Skills
Prepare and adjust trial balances to ensure financial statement accuracy for CPA task-based simulations.
Calculate and record complex adjusting entries for accruals, deferrals, and depreciation.
Reconcile bank statements and account for bad debt expense using the allowance method.
Determine the carrying value of bonds and the related interest expense using the effective-interest method.
Construct a Statement of Cash Flows using both the direct and indirect methods.
Perform vertical, horizontal, and ratio analysis to evaluate a company’s liquidity, solvency, and profitability.
🎯 Who This Playlist Is For
CPA candidates
CMA candidates
Accounting students
Professionals (when applicable)
❓ Common Questions Answered
What is the difference between the cash basis and the accrual basis of accounting?
How do the different inventory methods (FIFO vs. LIFO) affect net income and taxes?
Why is the effective-interest method preferred for bond amortization under GAAP?
What is the difference between an operating lease and a finance lease for a lessee?
How does the indirect method reconcile net income to net cash provided by operating activities?
📌 Follow this playlist step by step to master Financial Accounting for CPA and CMA exams.
🔔 Subscribe for more accounting lessons.
🌐 Start your full learning experience today:
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