FAR CPA Exam

FAR CPA Exam SectionThe FAR (Financial Accounting and Reporting) section of the CPA Exam encompasses a variety of topics and candidates are expected to show competence in several key areas. The FAR exam is comprised of 3 testlets consisting of 30 multiple choice questions each. This amounts to a total of 90 MCQ which account for 60% of your grade.

The remaining 40% comes from 7 Task-Based Simulations, otherwise known as SIMS, which require you to generate answers on your own rather than choose from a list of possible choices. You are given 4 hours to complete the exam and need to get an overall score of 75% or higher to pass.

FAR Exam Format

Calculation and Identification of Miscellaneous Items Listed in Financial Statements

Calculation and Transaction Identification

Standards and Concepts regarding Financial Statements

Accounting and Reporting for Non-Profit and Non-Governmental Organizations

Accounting and Reporting for Governmental Bodies

 

Other CPA Exam Sections

BEC CPA Exam

Audit CPA Exam

REG CPA Exam

Check out the AICPA webpage to learn more about the material covered in all 4 parts of the CPA Exam.