Db Contributions receivableCr Net assets WITH donor restrictionsCr Allowance for uncollectible contributions if necessaryThat third one will not be necessary for pledged assets obviouslyIf the circumstances clearly indicate the donor intended support for current activities, its WITHOUT restrictions

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.