New learning materials and corrections to existing content.
LEARNING UPDATES
Learning updates
30 REG contract-law terms added
Visual Dictionary now covers 110 terms. Explore contract formation, writing requirements, transfers of rights, breach and remedies through illustrations and short examples.
Compare easily confused terms, including void, voidable and unenforceable, or assignment, delegation and novation.
Search for “contracts” in the dictionary to see all 30 new entries. You can also look them up from the related REG Units.
Visual Dictionary now covers 80 terms
Explore 80 terms across AUD, FAR, REG and BAR through illustrations, short explanations and comparisons. Search by an English or Japanese term or an abbreviation, then follow links to related Units.
Look up terms within a lesson and return to your place. Revisit saved terms from your member home.
Free members can read entries linked to the selected free Units; paid members can access all 80 terms. See How it works for instructions.
New exercises for interpreting exhibits
Practice lessor leases, segments, S corporation stock basis, debt basis and AAA, and comparisons of tax basis using the amounts and conditions in exhibits.
Exhibit-based exercises also cover equipment balance reconciliations, adjusting entries and employee benefit plan financial statements.
New cases exploring how the facts change the answer
Compare conditions and worked examples involving audit opinions, income taxes, MACRS, foreign currency translation and segments.
Mini Cases with different amounts and assumptions let you practice identifying the condition that determines the answer.
New FAR diagrams linking accounting records to financial statements
The first six FAR Units illustrate the connections between journal entries, the general ledger, trial balances, adjusting entries and financial statements.
Everyday examples also show the relationship between the income statement and balance sheet, and the differences between operating, investing and financing activities.
