CPA Financial Accounting and Reporting: FAR Exam

"CPA Financial Accounting and Reporting", also known as FAR exam, is a AICPA Certification. With the complete collection of questions and answers, PrepPDF has assembled to take you through 165 Q&As to your FAR Exam preparation. In the FAR exam resources, you will cover every field and category in AICPA Certification Certification helping to ready you for your successful AICPA Certification.

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  • Exam Code: FAR
  • Exam Name: CPA Financial Accounting and Reporting
  • Certification Provider: AICPA
  • Corresponding Certification: AICPA Certification
  • Updated: Sep 11, 2026
  • No. of Questions: 165 Questions & Answers with Testing Engine
  • Download Limit: Unlimited

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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

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AICPA FAR Exam Syllabus Topics:

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

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