Advanced Financial Accounting and Reporting (May 2026)
Excited to master the Advanced Financial Accounting and Reporting section of the CPA exam? This course breaks down all the ...
special accounting concepts you need to know. From understanding partnership accounting, corporate liquidation, and joint arrangements to diving into tricky topics like business combination and consolidated financial statements, we make it simple and straightforward.
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- Description
- Curriculum
Excited to master the Advanced Financial Accounting and Reporting section of the CPA exam? This course breaks down all the special accounting concepts you need to know. From understanding partnership accounting, corporate liquidation, and joint arrangements to diving into tricky topics like business combination and consolidated financial statements, we make it simple and straightforward.
With easy-to-follow lessons, real-life examples, and plenty of practice questions, you’ll build the confidence to handle anything AFAR throws your way. Whether you’re just starting out or need a solid refresher, we’re here to help you learn smarter and pass faster.
Let’s make AFAR easier than usual!
Partnership Accounting
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1AFAR Handout 01 Partnership AccountingPDF lesson
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2AFAR01 Partnership Formation1h 41m
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3AFAR02 Partnership Operation (Concepts)1h 7m
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4AFAR03 Partnership Operation (Problems)1h 14m
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5AFAR04 Partnership Dissolution by Admission1h 22m
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6AFAR05 Partnership Dissolution by Retirement42m
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7AFAR06 Partnership Dissolution by Death26m
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8AFAR07 Partnership Dissolution by Incorporation34m
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9AFAR08 Partnership Lump-sum Liquidation56m
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10AFAR09 Partnership Installment Liquidation1h 24m
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11AFAR10 Partnership - Theory Questions Discussion17m
Corporate Liquidation
Revenue Recognition
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17AFAR Handout 03 Revenue RecognitionPDF lesson
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18AFAR15 Basic Concepts of IFRS 151h 9m
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19AFAR16 Long-term Construction Contracts2h 46m
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20AFAR17 Franchise Accounting36m
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21AFAR18 Consignment Sales Arrangement53m
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22AFAR19 Other Revenue Recognition Issues31m
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23AFAR20 Revenue Recognition - Theory Questions Discussion25m
Joint Arrangements
Accounting for Home Office, Branch and Agency Transactions
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28AFAR Handout 05 Accounting for Home Office, Branch and Agency TransactionsPDF lesson
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29AFAR24 Accounting for Home Office and Branch Accounting (Concepts)1h 30m
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30AFAR25 Accounting for Home Office and Branch Accounting (Problems)1h 18m
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31AFAR26 Accounting for Home Office and Branch Accounting (Combined Net Income Computation)1h 13m
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32AFAR27 Accounting for Agency Transactions14m
Business Combination and Consolidated Statement of Financial Statements
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33AFAR Handout 06 Business Combination and Consolidated Statement of Financial StatementsPDF lesson
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34AFAR28 Business Combination1h 34m
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35AFAR29 Net Asset Acquisition1h 14m
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36AFAR30 Provisional Amounts and Remeasurement47m
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37AFAR31 Stock Acquisition1h 26m
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38AFAR32 Consolidated Financial Statements on the Date of Acquisition22m
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39AFAR33 Separate Financial Statements23m
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40AFAR34 Consolidated FS Subsequent to the Date of Acquisition (SoriaNotes Part 1)22m
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41AFAR35 Consolidated FS Subsequent to the Date of Acquisition (SoriaNotes Part 2)34m
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42AFAR36 Consolidated Financial Statements Subsequent to the Date of Acquisition (Problems)56m
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43AFAR37 Intercompany Sale of Inventories (SoriaNotes)26m
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44AFAR38 Intercompany Sale of Inventories (Problems)54m
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45AFAR39 Intercompany Sale of Property, Plant and Equipment (SoriaNotes)22m
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46AFAR40 Intercompany Sale of Property, Plant and Equipment (Problems)1h 29m
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47AFAR41 Business Combination and Consolidated Financial Statements - Theory Questions Discussion21m
Cost Accounting
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48AFAR Handout 07 Cost AccountingPDF lesson
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49AFAR42 Cost Concepts1h 7m
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50AFAR43 Accounting for Factory Overhead1h 12m
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51AFAR44 Activity-Based Costing System56m
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52AFAR45 Service Department Cost Allocation1h 20m
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53AFAR46 Job Order Costing System45m
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54AFAR47 Production Losses in Job Order Costing System1h 2m
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55AFAR48 Process Costing System2h 43m
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56AFAR49 Production Losses in Process Costing System1h 36m
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57AFAR50 Accounting for Joint and By-Products56m
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58AFAR51 Backflush Costing System28m
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59AFAR52 Cost Accounting - Theory Questions Discussion24m
Foreign Currency Transactions, Translation and Hedging
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60AFAR Handout 08 Foreign Currency Transactions, Translation and HedgingPDF lesson
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61AFAR53 Foreign Currency Transactions57m
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62AFAR54 Hedging and Derivatives Part 11h 9m
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63AFAR55 Hedging and Derivatives Part 250m
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64AFAR56 Hedging and Derivatives Part 325m
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65AFAR57 Foreign Currency Translations25m
Other Special Topics
Government Accounting
Certificate included
Advanced Financial Accounting and Reporting (May 2026)
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Course details
Duration
Until May 26, 2026
Lectures
74