My son shocked me when he told me that he knew what a retirement fund is.

This post serves as a reminder to dive deeper into this topic. 

Financial Accounting Reporting is one of four tests that are part of the CPA exam. This specific part has over 200 topics discussed and is considered to be one of the hardest. During the time I've studied to sit for FAR, I noticed a lot of the topics where not covered in courses given for an undergraduate degree in accounting. No complaints, just surprises.