AICPA FAR : CPA Financial Accounting and Reporting

Pass FAR Exam Cram

Exam Code: FAR

Exam Name: CPA Financial Accounting and Reporting

Updated: Jul 28, 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
  • Language of Exam: English
  • Format: Multiple choice, Task-based simulations, research prompts
  • Passing score: 75
  • Duration of Exam: 4 hours
Financial Accounting and Reporting (FAR) Exam Certification Path

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AICPA FAR Exam Syllabus Topics:
SectionWeightObjectives
Select Transactions25-35%- Accounting changes and error corrections
- Revenue recognition and transaction accounting
- Leases and other significant transactions
Select Balance Sheet Accounts30-40%- Liabilities, equity transactions and related accounting requirements
- Cash, receivables, inventory, PP&E, and intangible assets
- Investments and financial instruments
Financial Reporting30-40%- General purpose financial reporting for for-profit and non-profit entities
- Foundational concepts related to accounting requirements for governmental entities
- Preparation and presentation of financial statements, disclosures, and ratios
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