FAR Concept Builder: Accounting Mechanics

1. Select Concept

Core Cycle

Adjustments

Closing

Asset / Expense (Dr.)

Liab / Equity / Rev (Cr.)

Resources (Net Assets) Claims (Liabilities + Equity)

ASSETS (NET)

$0 + $0

LIABILITIES

+ EQUITY

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Step 1

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Speed

CPA Logic Check

Select a scenario on the left to begin. We will track how economic events translate into financial data.