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CPA Exam Review (FAR) Archive

Vanquishing the CPA Exam Without Breaking the Bank

Posted October 6, 2014 By Narcisse

I am a frugal person by nature, so when I set out to pursue the CPA designation back in the Fall of 2011, I intended to devise an exam preparation strategy that would allow me to pass each section of the CPA Exam on the first attempt and do so at the lowest cost possible. […]

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When it comes to accounting, timing is everything. Accruals and deferrals are two of the practices through which both the revenue recognition and the matching principles are applied.  Those principles of accounting are two of the pillars on which accrual accounting (i.e., U.S GAAP) stands. So let us examine further what accruals and deferrals are […]

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Based on some of the accounting literature I reviewed in preparation of this spotlight on the installment sales method, one of the most challenging issues accountants deal with is the proper recognition of revenue related to the operations of a business concern. While a good number of general rules and guidelines have been developed to […]

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“Converting from Cash Basis to Accrual Basis Accounting” is the first installment in a long series of blog posts geared toward deconstructing the most likely topics you may be tested on when you take the Financial Accounting and Reporting (FAR) section of the Uniform CPA Exam. Candidates are likely to get questions about this topic […]

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