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
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Financial Accounting and Reporting (FAR) Exam Certification Path
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Want to pass FAR fast? Then you'll need to study for 20 hours a week so you can finish your review in 6-8 weeks.
Can't fit that much study time into your routine? Then try studying for 15 hours a week. Doing so will prepare you in 8-11 weeks.
finally, if you can only study for 10 hours a week, you'll be ready for FAR in 12-16 weeks.
So, you can use any one of these study schedules or do anything in between. That's because of how fast you finish your FAR review depends on how much time you have to study in a week. But what's important is that you study consistently so you can stay in study mode and stick to your exam schedule.
What is the duration, language, and format of the Financial Accounting and Reporting (FAR) Exam
- Format: Multiple choice, Task-based simulations, research prompts
- Passing score: 75
- Duration of Exam: 4 hours
- Language of Exam: English
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AICPA FAR Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| State and Local Government Accounting | 20–25% | - Fund accounting and governmental financial statements - Modified accrual vs full accrual accounting - Budgetary accounting |
| Select Financial Statement Accounts | 30–40% | - Equity, EPS, and share-based payments - Revenue recognition (ASC 606) - Leases (ASC 842) - Consolidations and business combinations - Pensions and post-employment benefits |
| Not-for-Profit (NFP) Accounting | 10–15% | - Revenue and contribution recognition - NFP financial statements |
| Conceptual Framework, Standard-Setting, and Financial Reporting | 25–35% | - Disclosure requirements - Conceptual framework and GAAP hierarchy - Financial statement presentation |



