AICPA FAR Q&A - in .pdf

  • FAR pdf
  • Exam Code: FAR
  • Exam Name: CPA Financial Accounting and Reporting
  • Updated: Sep 03, 2026
  • Q & A: 165 Questions and Answers
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  • Exam Code: FAR
  • Exam Name: CPA Financial Accounting and Reporting
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  • Updated: Sep 03, 2026
  • Q & A: 165 Questions and Answers
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AICPA FAR Q&A - Testing Engine

  • FAR Testing Engine
  • Exam Code: FAR
  • Exam Name: CPA Financial Accounting and Reporting
  • Updated: Sep 03, 2026
  • Q & A: 165 Questions and Answers
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What is the duration, language, and format of the Financial Accounting and Reporting (FAR) Exam

  • Passing score: 75
  • Language of Exam: English
  • Format: Multiple choice, Task-based simulations, research prompts
  • Duration of Exam: 4 hours

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Study Guide

Exam Contents

Exam process

FAQs and Guidess

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FAR Practice Dumps

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How to book the Financial Accounting and Reporting (FAR) Exam

Follow the steps mentioned below to book the Financial Accounting and Reporting FAR exam test:

  • Step 1: Determine your eligibility from the NASBA website by clicking here
  • Step 2: Select a jurisdiction where you want to become a licensed CPA
  • Step 3: Access the application by clicking here
  • Step 4: Complete the application and submit all required documents
  • Step 5: Schedule your exam by following this link

How to study the Financial Accounting and Reporting (FAR) Exam

There are several ways to prepare for the Financial Accounting and Reporting (FAR) Exam. AICPA's official website provides tutorials on the exam content and also the sample FAR practice exams. These can be accessed via the “help” button against the sample tests provided on the website. Use the material on the internet to learn all the exam contents in detail and then take the practice sample tests through the AICPA website. To study for the Financial Accounting and Reporting (FAR) Exam, use the exam blueprints and study resources by accessing the links at the bottom of this document. Students are highly encouraged to join AICPA's Certification community where they can join students from all over the world and learn together. FAR exam dumps have ensured a 100% pass rate over the years so students are highly recommended to find these exam dumps on the TroytecDumps website and then test their knowledge on FAR practice exams. These are the best study materials one can get. For further exam self-study materials, refer to the links down below.

Hover on to AICPA's Website and take a look at study materials provided for the exam. Check for the topics mentioned in the Exam Outline section of this guide to review the online documentation, tip sheets, and user guides and study the details relevant to those topics. Refer to the links at the end of this document for more study material. As always, We recommend a combination of hands-on experience, completion of the training course, and self-study in the areas described in the Exam Outline section of this exam guide as preparation for this exam. After all sorts of study, test your understanding by taking the FAR practice test.

AICPA FAR Exam Syllabus Topics:

SectionWeightObjectives
Conceptual Framework, Standard-Setting and Financial Reporting25–35%- General-purpose financial statements for for-profit entities
- Employee benefit plan financial statements
- Not-for-profit and public company reporting
- Conceptual framework and standard-setting process
Select Financial Statement Accounts30–40%- Property, plant and equipment, intangibles
- Compensation, benefits and income taxes
- Payables, debt, equity, revenue recognition
- Cash, receivables, inventory, investments
State and Local Governments5–15%- Governmental financial statements and reporting models
- Fund accounting and modified accrual basis
- GASB standards and disclosure requirements
Select Transactions20–30%- Foreign currency, accounting changes and errors
- Contingencies, R&D and subsequent events
- Leases, business combinations and consolidations
- Derivatives, hedging and fair value measurements

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