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A simple yet conceptual topic dealt with perfection! Watch this exclusive video about the FAR section of the CPA course and master the topic using this dynamic and interactive lecture by Varun Jain, the man who built the ecosystem for CPAs and CMAs in India. The FAR section in the CPA exam refers to the Financial Accounting and Reporting section. It is one of the four sections of the Uniform CPA Examination administered by the American Institute of Certified Public Accountants (AICPA) in the United States. The FAR section tests candidates on their knowledge and understanding of financial accounting concepts, generally accepted accounting principles (GAAP), financial statement preparation, and related reporting requirements. It covers topics such as financial statement presentation, revenue recognition, leases, pensions, consolidations, and governmental accounting, among others. Successful completion of the FAR section is a crucial step toward obtaining the CPA designation. In this video, Varun Jain talks about accounting for leases in the United States and the role of the Financial Accounting Standards Board (FASB) in lease accounting. The topics covered are as follows: 00:00 Operating Lease 21:50 Capital Lease 55:10 Lessee Capitalisation Rules 01:09 Types of Capital Leases 01:24 Lessor Capitalisation Rules 01:34 Elements in Accounting for Capital Leases 01:38 Finance Leases Under IFRS 01:41 Sales Leaseback 01:54 Sublease About Miles Miles is one of the world’s largest US CPA training providers. Learn from Varun Jain, the world's favorite CPA/CMA instructor. Experience the Blended Learning Model with Face to Face + Live online classes + Recorded Videos. Partnered with 220+ MNCs including the Big 4s, for training & placements & 70+ universities and autonomous colleges for upskilling of students. Did you know? 80%+ CPAs in India are Miles Alumni Miles’ lead instructor, Varun Jain, is the man who built the CPA and CMA ecosystem in India Miles' CPA exam pass rate is 82%+ Miles' placement rate is 100% (unbelievable, yet true!) Experienced professionals get up to 600% salary hike after completing CPA CPA course = 350 hours over 1 year Miles gives its CPA alumni a guaranteed pathway to Work in the US for 3 years Miles' Achievements: Miles has built the ecosystem for CPAs & CMAs in India. More than 80% of CPAs in India are Miles Alumni. We provide 100% placement as we have 220+ tie-ups with top MNCs including the Big 4. With 100+ leading global and industry experts as CPA faculty, we proudly claim a CPA pass rate of more than 82% (first attempt). So, friends, there's no more time to wait or waste, you've got Miles to be a CPA! Contact Us: 8929959835 CHECK OUT our other videos! • US CPA | CPA syllabus | REG- Individual Income Tax Return | By Varun Jain @ Miles Education https://bit.ly/3o6xaTE • US CPA | CPA syllabus | BEC - Capital Budgeting | By Varun Jain @ Miles Education https://bit.ly/3o0wsaN • US CPA | CPA syllabus | Auditing - Intro to Audit | By Varun Jain @ Miles Education https://bit.ly/42IcnFb Take a DEEP DIVE into our AWE-INSPIRING courses, check them out here: https://mileseducation.com/cpa https://mileseducation.com/cma https://mileseducation.com/cfa https://mileseducation.com/frm https://mileseducation.com/executive-... https://mileseducation.com/iiml-digit... FIND us at: https://mileseducation.com/ GET IN TOUCH Contact us on info@mileseducation.com *T&C applied Make sure to hit the like, share and subscribe to our YouTube channel. link: https://bit.ly/3Hi52Ub Know more about US CPA: https://bit.ly/3YIz1e7 Our blog section is a treasure trove of finance and accounting insights, Visit Now: https://blogs.mileseducation.com/ For more updates, follow us on: Instagram: https://bit.ly/3TEUvJg Linkedin: https://bit.ly/3nawzQu Facebook: https://bit.ly/3AxMfAj Twitter: https://bit.ly/3AyU1d7 Thank you for watching "CPA syllabus | US CPA | FAR- Leases | By Varun Jain @ Miles Education" #MilesEducation #cpacourse #cpaexam #cpaeligibility #aicpa #nasba #chartedaccountant #cpa #FAR #aud #bec #reg #accounting #accountants #cpa2024 #CPA2024changes #CPAchanges2024 #CPAcurriculum #CPAexamevloution #CPAchanges #VarunJain #CPAcoursechanging #CPAexamchanges #Newcpaexamblueprint