Advanced Financial Accounting and Reporting (October 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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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!
Monthly Assessments
Partnership Accounting
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5AFAR Handout 01 Partnership AccountingPDF lesson
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6AFAR01 Partnership Formation1h 41m
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7AFAR02 Partnership Operation (Concepts)1h 7m
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8AFAR03 Partnership Operation (Problems)1h 14m
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9AFAR04 Partnership Dissolution by Admission1h 22m
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10AFAR05 Partnership Dissolution by Retirement42m
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11AFAR06 Partnership Dissolution by Death26m
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12AFAR07 Partnership Dissolution by Incorporation34m
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13AFAR08 Partnership Lump-sum Liquidation56m
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14AFAR09 Partnership Installment Liquidation1h 24m
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15AFAR10 Partnership - Theory Questions Discussion17m
Corporate Liquidation
Revenue Recognition
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21AFAR Handout 03 Revenue RecognitionPDF lesson
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22AFAR15 Basic Concepts of IFRS 151h 9m
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23AFAR16 Long-term Construction Contracts2h 46m
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24AFAR17 Franchise Accounting36m
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25AFAR18 Consignment Sales Arrangement53m
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26AFAR19 Other Revenue Recognition Issues31m
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27AFAR20 Revenue Recognition - Theory Questions Discussion25m
Joint Arrangements
Accounting for Home Office, Branch and Agency Transactions
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32AFAR Handout 05 Accounting for Home Office, Branch and Agency TransactionsPDF lesson
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33AFAR24 Accounting for Home Office and Branch Accounting (Concepts)1h 30m
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34AFAR25 Accounting for Home Office and Branch Accounting (Problems)1h 18m
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35AFAR26 Accounting for Home Office and Branch Accounting (Combined Net Income Computation)1h 13m
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36AFAR27 Accounting for Agency Transactions14m
Business Combination and Consolidated Statement of Financial Statements
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37AFAR Handout 06 Business Combination and Consolidated Statement of Financial StatementsPDF lesson
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38AFAR28 Business Combination1h 34m
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39AFAR29 Net Asset Acquisition1h 14m
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40AFAR30 Provisional Amounts and Remeasurement47m
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41AFAR31 Stock Acquisition1h 26m
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42AFAR32 Consolidated Financial Statements on the Date of Acquisition22m
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43AFAR33 Separate Financial Statements23m
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44AFAR34 Consolidated FS Subsequent to the Date of Acquisition (SoriaNotes Part 1)22m
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45AFAR35 Consolidated FS Subsequent to the Date of Acquisition (SoriaNotes Part 2)34m
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46AFAR36 Consolidated Financial Statements Subsequent to the Date of Acquisition (Problems)56m
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47AFAR37 Intercompany Sale of Inventories (SoriaNotes)26m
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48AFAR38 Intercompany Sale of Inventories (Problems)54m
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49AFAR39 Intercompany Sale of Property, Plant and Equipment (SoriaNotes)22m
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50AFAR40 Intercompany Sale of Property, Plant and Equipment (Problems)1h 29m
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51AFAR41 Business Combination and Consolidated Financial Statements - Theory Questions Discussion21m
Cost Accounting
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52AFAR Handout 07 Cost AccountingPDF lesson
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53AFAR42 Cost Concepts1h 7m
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54AFAR43 Accounting for Factory Overhead1h 12m
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55AFAR44 Activity-Based Costing System56m
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56AFAR45 Service Department Cost Allocation1h 20m
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57AFAR46 Job Order Costing System45m
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58AFAR47 Production Losses in Job Order Costing System1h 2m
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59AFAR48 Process Costing System2h 43m
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60AFAR49 Production Losses in Process Costing System1h 36m
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61AFAR50 Accounting for Joint and By-Products56m
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62AFAR51 Backflush Costing System28m
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63AFAR52 Cost Accounting - Theory Questions Discussion24m
Foreign Currency Transactions, Translation and Hedging
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64AFAR Handout 08 Foreign Currency Transactions, Translation and HedgingPDF lesson
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65AFAR53 Foreign Currency Transactions57m
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66AFAR54 Hedging and Derivatives Part 11h 9m
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67AFAR55 Hedging and Derivatives Part 250m
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68AFAR56 Hedging and Derivatives Part 325m
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69AFAR57 Foreign Currency Translations25m
Other Special Topics
Government Accounting
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Advanced Financial Accounting and Reporting (October 2026)
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Course details
Duration
Until October 26, 2026
Lectures
76
Quizzes
2