AICPA CPA Financial Accounting and Reporting : FAR

Financial Accounting and Reporting (FAR) Exam Certification Path

Generally, the more familiar you are with the FAR content, the less time you need to study, and the faster you can pass. So, how long will you need to study for FAR? Well, the best you can get is the FAR exam dumps that help you figure out what side of the study time spectrum you're probably on via a deeper investigation into FAR's content. You'll find the content areas, groups, and topics of FAR in the FAR CPA Exam blueprints.

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

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

For more info read reference:

Study Guide

Exam Contents

Exam process

FAQs and Guidess

Topics of Financial Accounting and Reporting (FAR) Exam

The syllabus for the Financial Accounting and Reporting (FAR) part of the Certified Public Accountant (CPA) Exam can be found in the FAR exam dumps and is also listed below with detail of each area of concern and their topics:

Area 1 - Conceptual Framework, Standard-Setting and Financial Reporting (25-35%)

Objectives covered by this section:

• Discontinued operations
• Going concerned
• Public company reporting topics (U.S. SEC reporting requirements, earnings per share, and segment reporting)
• Balance sheet/ statement of financial position
• Financial statements of employee benefit plans
• Special purpose frameworks
• Statement of activities
• Statement of changes in equity
• Conceptual framework and standard-setting for business and non-business entities
• Statement of cash flows
• Notes to financial statements
• Consolidated financial statements (including wholly-owned subsidiaries and noncontrolling interests)
• Income statement/ statement of profit or loss
• Statement of comprehensive income
• General-purpose financial statements: for-profit business entities
• Statement of financial position
• General-purpose financial statements: nongovernmental, not-for-profit entities

Area 2 - Select Financial Statement Accounts (30-40%)

Objectives covered by this section:

• Trade receivables
• Inventory
• Income taxes
• Revenue recognition
• Debt covenant compliance
• Financial assets at amortized cost
• Investments
• Payables and accrued liabilities
• Long-term debt (financial liabilities)
• Retirement benefits
• Cash and cash equivalents
• Financial assets at fair value
• Compensated absences
• Equity
• Equity method investments
• Notes and bonds payable
• Intangible assets - goodwill and other
• Property, plant, and equipment
• Stock compensation (share-based payments)

Area 3 - Select Transactions (20-30%)

Objectives covered by this section:

• Foreign currency transactions and translation
• Contingencies and commitments
• Derivatives and hedge accounting (e.g. swaps, options, forwards)
• Software costs
• Nonreciprocal transfers
• Leases
• Differences between IFRS and U.S. GAAP
• Subsequent events
• Accounting changes and error corrections
• Business combinations
• Research and development costs
• Fair value measurements

Area IV - State and Local Governments (5-15%)

Objectives covered by this section:

• Format and content of the financial section of the comprehensive annual financial report (CAFR)
• Special items
• Nonexchange revenue transactions
• Governmental funds financial statements
• Budgetary comparison reporting
• Typical items and specific types of transactions and events: measurement, valuation, calculation, and presentation in governmental entity financial statements
• Expenditures and expenses
• Fiduciary funds financial statements
• Budgetary accounting and encumbrances
• Proprietary funds financial statement
• Required supplementary information (RSI) other than management's discussion and analysis
• Other financing sources and uses
• Capital assets and infrastructure assets
• Fund balances and components thereof
• Financial reporting entity, including blended and discrete component units
• Notes to financial statements
• State and local government concepts
• Interfund activity, including transfers
• Government-wide financial statements
• Management's discussion and analysis
• Deriving government-wide financial statements and reconciliation requirements
• Net position and components thereof
• General and proprietary long-term liabilities

100% Guarantee to Pass Your FAR Exam

If you prepare for the exam using our Pass4Test testing engine, we guarantee your success in the first attempt. If you do not pass the AICPA Certification FAR exam (CPA Financial Accounting and Reporting) on your first attempt we will give you a FULL REFUND of your purchasing fee. Failing an Exam won't damage you financially as we provide 100% refund on claim. On request we can provide you with another exam of your choice absolutely free of cost. Think again! What do you have to lose?

Easy and convenient way to buy: Just two steps to complete your purchase, we will send the product to your mailbox quickly, you only need to download e-mail attachments to get your products.

High Quality Of CPA Financial Accounting and Reporting Exam

AICPA AICPA Certification Pass4Test FAR Dumps re written by high rated top IT experts to the ultimate level of technical accuracy. Pass4Test FAR Practice Tests appoints only certified experts, trainers and competent authors for text development of CPA Financial Accounting and Reporting Exam. This ensures the quality of product.

We are all well aware that a major problem in the IT industry is that there is a lack of quality study materials. Our Exam Preparation Material provides you everything you will need to take a certification examination. Like actual certification exams, our Practice Tests are in multiple-choice (MCQs) Our AICPA FAR Exam will provide you with exam questions with verified answers that reflect the actual exam. These questions and answers provide you with the experience of taking the actual test. High quality and Value for the FAR Exam: 100% Guarantee to Pass Your AICPA Certification FAR exam and get your AICPA Certification Certification.

We provide the latest and the most effective questions and answers, under the premise of ensuring quality, we also offer the best price.
The most reliable AICPA FAR training materials and learning information!
Regularly updated, and including the latest, most accurate examination dumps!
Senior IT lecturer AICPA Product Specialist collate the braindumps, guarantee the quality!
Any place can be easy to learn with pdf real questions and answers!
After you purchase our product, We offer free update service for one year.
All Pass4Test test questions are the latest and we guarantee you can pass your exam at first time, Credit Card settlement platform to protect the security of your payment information.

AICPA FAR Exam Syllabus Topics: