FAR CPA Practice Questions: Adjusting the Statement of Financial Position to Correct Errors
In this video, we walk through 5 FAR CPA exam practice questions about adjusting the statement of financial position to correct errors.
Important Links
Link to the free study training webinar mentioned in the video: https://www.superfastcpa.com/strategi...
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https://www.superfastcpa.com/far-cpa-...
See the other FAR walkthrough videos here:
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00:00 Intro
00:46 Question 1: Correcting a Net Asset Classification Error
03:14 Question 2: Correcting an Endowment Fund Error
04:45 Question 3: Correcting an Unconditional Promise
07:00 Question 4: Correcting a Contingent Promise Error
09:28 Question 5: Removing Donor Restrictions Incorrectly
11:32 Pillar Topics
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