Section 1 — 30–40% of FAR

Financial Reporting

Covers general-purpose financial statements for for-profit entities, not-for-profit entities, state and local governments, public companies, and performance metrics.

16 topics—

Topics in this Section

General-Purpose Financial Reporting: For-Profit Business Entities

7/7 subtopics complete

7/7

1A1 — Balance Sheet / Statement of Financial Position 1A2 — Income Statement / Statement of Profit or Loss 1A3 — Statement of Comprehensive Income 1A4 — Statement of Changes in Equity 1A5 — Statement of Cash Flows 1A6 — Consolidated Financial Statements 1A7 — Notes to the Financial Statements

General-Purpose Financial Reporting: Nongovernmental Not-For-Profit Entities

4/4 subtopics complete

4/4

1B1 — Statement of Financial Position (NFP)1B2 — Statement of Activities (NFP)1B3 — Statement of Cash Flows (NFP)1B4 — Notes to the Financial Statements (NFP)

State and Local Government Concepts

2/2 subtopics complete

2/2

1C1 — Measurement Focus and Basis of Accounting 1C2 — Purpose of Funds

Public Company Reporting Topics

Complete

Special Purpose Frameworks

Complete

Financial Statement Ratios and Performance Metrics

Complete