Financial accounting from journal entry to financial statements — the FAR core of the CPA exam and the foundation of business literacy. The accounting equation and double entry, accrual versus cash and matching, revenue recognition (the five-step model), the statements and how they tie together, receivables and bad debt, inventory methods (FIFO/LIFO and what each does to income), depreciation and impairment, liabilities and bonds (premium, discount, effective interest), leases, equity, the statement of cash flows, and the conceptual framework behind GAAP. Every explanation shows the entry or the principle, names the classic mix-up, and ends with a rule. Original questions authored from the public AICPA blueprints and general GAAP knowledge — never real exam items or copyrighted standards text. Independent practice, not affiliated with the AICPA or NASBA; no pass guarantee.