On the way

I haven't posted in this blog for a while. I am engaged in solving CPA questions. Unfortunately, I cannot make a progress so much. Understandings help me to capture the concepts of financial topics. The other day, I found it more comfortable to check financial statements' accounts when I study. I will show you one example. I am studying about the impairment. (It means the value of an asset is declined rapidly.) In this case, losses of impairment has occur ed. Then, I check it in the income statement. "A-ha, I found it!" This is the other expenses and losses item!

The relations of financial topics are very important. There are more or less 50 topics, I think. On top of that, FAR is including Government Accounting. That accesses more complicating!