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What is the duration, language, and format of the Financial Accounting and Reporting (FAR) Exam
- Language of Exam: English
- Duration of Exam: 4 hours
- Passing score: 75
- Format: Multiple choice, Task-based simulations, research prompts
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How much Financial Accounting and Reporting (FAR) Exam Cost
The total cost of the CPA exam is around USD 800 that includes four sections. For this particular Financial Accounting and Reporting (FAR) Exam, the cost is estimated to be USD 200. Hover on to the official website of AICPA and choose your state for more pricing information. Candidates will face other costs like buying the FAR exam dumps pdf and then practicing for the exam via the FAR practice exams.
AICPA FAR Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Financial Reporting | 30-40% | - Foundational concepts related to accounting requirements for governmental entities - Preparation and presentation of financial statements, disclosures, and ratios - General purpose financial reporting for for-profit and non-profit entities |
| Select Balance Sheet Accounts | 30-40% | - Liabilities, equity transactions and related accounting requirements - Cash, receivables, inventory, PP&E, and intangible assets - Investments and financial instruments |
| Select Transactions | 25-35% | - Leases and other significant transactions - Revenue recognition and transaction accounting - Accounting changes and error corrections |
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