| Area I: Financial Reporting· 30–40% of the exam |
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| 1 | Conceptual Framework & Financial Statement Presentation The Financial Accounting Standards Board (FASB) conceptual framework, qualitative characteristics, elements, measurement, and the required financial statements. | Study Conceptual Framework & Financial Statement Presentation | Revise Conceptual Framework & Financial Statement Presentation | 10 MCQs on Conceptual Framework & Financial Statement Presentation |
| 2 | Balance Sheet & Income Statement Preparation Classified balance sheet structure, multi-step income statement, and discontinued operations presentation. | Study Balance Sheet & Income Statement Preparation | Revise Balance Sheet & Income Statement Preparation | 10 MCQs on Balance Sheet & Income Statement Preparation |
| 3 | Statement of Cash Flows Direct vs indirect method, and classifying activities as operating, investing, or financing. | Study Statement of Cash Flows | Revise Statement of Cash Flows | 10 MCQs on Statement of Cash Flows |
| 4 | Notes, Subsequent Events & Going Concern Recognized vs non-recognized subsequent events and management's going-concern evaluation. | Study Notes, Subsequent Events & Going Concern | Revise Notes, Subsequent Events & Going Concern | 10 MCQs on Notes, Subsequent Events & Going Concern |
| 5 | Not-for-Profit Accounting Net asset classification and contribution recognition for nonprofit entities. | Study Not-for-Profit Accounting | Revise Not-for-Profit Accounting | 10 MCQs on Not-for-Profit Accounting |
| 6 | Governmental Accounting Fund accounting basics and the modified accrual basis used by governmental funds. | Study Governmental Accounting | Revise Governmental Accounting | 10 MCQs on Governmental Accounting |
| 7 | Public Company Reporting, Segments & Interim Reporting Securities and Exchange Commission (SEC) forms and deadlines, reportable segment tests, and the integral view of interim reporting. | Study Public Company Reporting, Segments & Interim Reporting | Revise Public Company Reporting, Segments & Interim Reporting | 10 MCQs on Public Company Reporting, Segments & Interim Reporting |
| Area II: Select Balance Sheet Accounts· 30–40% of the exam |
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| 8 | Cash, Receivables & Bad Debts Cash equivalents, bank reconciliations, the current expected credit loss (CECL) model, and transfers of receivables. | Study Cash, Receivables & Bad Debts | Revise Cash, Receivables & Bad Debts | 10 MCQs on Cash, Receivables & Bad Debts |
| 9 | Inventory Cost flow assumptions, lower of cost and net realizable value, and the periodic vs perpetual systems. | Study Inventory | Revise Inventory | 10 MCQs on Inventory |
| 10 | Property, Plant & Equipment Capitalization, depreciation methods, subsequent expenditures, and asset impairment. | Study Property, Plant & Equipment | Revise Property, Plant & Equipment | 10 MCQs on Property, Plant & Equipment |
| 11 | Intangible Assets & Goodwill Finite and indefinite-lived intangibles, research and development (R&D) and software costs, goodwill impairment, and crypto assets. | Study Intangible Assets & Goodwill | Revise Intangible Assets & Goodwill | 10 MCQs on Intangible Assets & Goodwill |
| 12 | Investments (Debt & Equity Securities) Held-to-maturity (HTM), trading, and available-for-sale (AFS) debt securities, equity securities, and the equity method. | Study Investments (Debt & Equity Securities) | Revise Investments (Debt & Equity Securities) | 10 MCQs on Investments (Debt & Equity Securities) |
| 13 | Leases Lease classification, lessee finance and operating leases, right-of-use assets, lease liabilities, and sale-leasebacks. | Study Leases | Revise Leases | 10 MCQs on Leases |
| 14 | Current Liabilities, Contingencies & Commitments Accrued liabilities, loss contingency recognition thresholds, and warranty accounting. | Study Current Liabilities, Contingencies & Commitments | Revise Current Liabilities, Contingencies & Commitments | 10 MCQs on Current Liabilities, Contingencies & Commitments |
| 15 | Long-Term Debt (Bonds & Notes) Bond issuance at premium/discount, effective-interest amortization, and troubled debt restructuring. | Study Long-Term Debt (Bonds & Notes) | Revise Long-Term Debt (Bonds & Notes) | 10 MCQs on Long-Term Debt (Bonds & Notes) |
| 16 | Equity & Earnings Per Share Stock issuances, treasury stock, dividends and splits, share-based pay basics, and basic and diluted earnings per share (EPS). | Study Equity & Earnings Per Share | Revise Equity & Earnings Per Share | 10 MCQs on Equity & Earnings Per Share |
| Area III: Select Transactions· 25–35% of the exam |
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| 17 | Revenue Recognition The five-step model for revenue from contracts with customers: contracts, performance obligations, transaction price, allocation, and timing. | Study Revenue Recognition | Revise Revenue Recognition | 10 MCQs on Revenue Recognition |
| 18 | Income Taxes (Deferred Tax Accounting) Temporary differences, deferred tax assets/liabilities, and the valuation allowance. | Study Income Taxes (Deferred Tax Accounting) | Revise Income Taxes (Deferred Tax Accounting) | 10 MCQs on Income Taxes (Deferred Tax Accounting) |
| 19 | Accounting Changes & Error Corrections Change in principle, estimate, and entity, plus prior-period error correction. | Study Accounting Changes & Error Corrections | Revise Accounting Changes & Error Corrections | 10 MCQs on Accounting Changes & Error Corrections |
| 20 | Business Combinations & Consolidations Acquisition method basics, goodwill calculation, and noncontrolling interest. | Study Business Combinations & Consolidations | Revise Business Combinations & Consolidations | 10 MCQs on Business Combinations & Consolidations |