FAR CPA Practice Questions: Converting Cash Basis Financials to Accrual Basis
In this video, we walk through 5 FAR CPA exam practice questions about the calculations for converting cash basis financial statements to accrual basis financial statements. Important Links Link to the free study training webinar mentioned in the video: https://www.superfastcpa.com/strategi... See the full post for this video: https://www.superfastcpa.com/far-cpa-... See the other FAR walkthrough videos here: https://www.superfastcpa.com/free-far... 00:00 Intro 01:14 Question 1: Learning a Basic Cash to Accrual Formula 05:38 Question 2: Decreases in AR and Increases in AP 10:08 Question 3: Comparing Cash Basis Income and Accrual Basis Income from Multi-Year Sales 13:52 Question 4: Accounting Changes in Multiple Accounts Affecting Accrual Income 21:04 Question 5: Calculating the Total Change from Cash to Accrual 23:45 Pillar Topics
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