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What is the duration, language, and format of the Financial Accounting and Reporting (FAR) Exam
- Duration of Exam: 4 hours
- Passing score: 75
- Language of Exam: English
- Format: Multiple choice, Task-based simulations, research prompts
Our real exam test (CPA Financial Accounting and Reporting) types introduce
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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.
AICPA FAR Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Select Transactions | 20–30% | - Derivatives, hedging and fair value measurements - Leases, business combinations and consolidations - Contingencies, R&D and subsequent events - Foreign currency, accounting changes and errors |
| Topic 2: Conceptual Framework, Standard-Setting and Financial Reporting | 25–35% | - Conceptual framework and standard-setting process - Employee benefit plan financial statements - General-purpose financial statements for for-profit entities - Not-for-profit and public company reporting |
| Topic 3: State and Local Governments | 5–15% | - Governmental financial statements and reporting models - Fund accounting and modified accrual basis - GASB standards and disclosure requirements |
| Topic 4: Select Financial Statement Accounts | 30–40% | - Payables, debt, equity, revenue recognition - Property, plant and equipment, intangibles - Cash, receivables, inventory, investments - Compensation, benefits and income taxes |
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