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.

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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