CPA BAR Study Guide

Financial Statement Analysis and Ratios

Master analytical techniques for evaluating financial health, profitability, liquidity, and solvency using key financial ratios.

Data Analytics for Accounting

Apply data analytics concepts, tools, and visualization techniques to interpret financial data and support decision-making.

Revenue Recognition Under ASC 606

Analyze the five-step model for revenue recognition including contract modifications and variable consideration complexities.

Leases Under ASC 842

Account for lessee and lessor arrangements, including classification, measurement, and disclosure requirements under current standards.

Income Taxes and ASC 740

Calculate deferred tax assets and liabilities, valuation allowances, and uncertain tax positions for financial reporting.

Business Combinations and Consolidations

Apply acquisition method accounting, measure goodwill, and prepare consolidated financial statements under ASC 805.

Derivatives and Hedge Accounting

Account for derivative instruments, apply hedge accounting criteria, and measure fair value under ASC 815.

Foreign Currency Transactions and Translation

Record foreign currency transactions and translate financial statements using temporal and current rate methods.

Equity Method Investments and Joint Ventures

Apply equity method accounting for significant influence investments and account for joint venture arrangements.

IFRS and US GAAP Differences

Compare and contrast key differences between IFRS and US GAAP affecting financial statement presentation.

State and Local Government Accounting

Apply GASB standards for fund accounting, government-wide statements, and modified accrual basis reporting requirements.

Not-for-Profit Accounting and Reporting

Account for contributions, net asset classifications, and prepare financial statements for not-for-profit entities.