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AICPA FAR Valid Braindumps - CPA Financial Accounting and Reporting

FAR
  • Exam Code: FAR
  • Exam Name: CPA Financial Accounting and Reporting
  • Updated: Oct 22, 2026
  • Q & A: 165 Questions and Answers
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  • PDF Price: $49.99
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About AICPA FAR Exam

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.

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finally, if you can only study for 10 hours a week, you'll be ready for FAR in 12-16 weeks.

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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:

SectionWeightObjectives
State and Local Government Accounting20–25%- Fund accounting and governmental financial statements
- Modified accrual vs full accrual accounting
- Budgetary accounting
Select Financial Statement Accounts30–40%- 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) Accounting10–15%- Revenue and contribution recognition
- NFP financial statements
Conceptual Framework, Standard-Setting, and Financial Reporting25–35%- Disclosure requirements
- Conceptual framework and GAAP hierarchy
- Financial statement presentation

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