AUA is a DTA because we are allowed to deduct it later when actual accounts are written off. AUA is CUMULATIVE! The DTA will equal the tax rate * the balance in AUA as of the balance sheet date. AUA is a cumulative account that already takes into account write-offs and individual year expenses.

The CPA Financial Accounting and Reporting (FAR) section covers US GAAP, IFRS, and governmental accounting, focusing on financial statement preparation, balance sheet accounts, and complex transactions.

Key concepts include revenue recognition (ASC 606), leases (ASC 842), business combinations, bonds, inventory, and governmental accounting, with a 50/50 mix of MCQs and simulations.