AICPA FAR exam dumps : CPA Financial Accounting and Reporting

  • Exam Code: FAR
  • Exam Name: CPA Financial Accounting and Reporting
  • Updated: Oct 01, 2026     Q & A: 165 Questions and Answers

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About AICPA FAR Exam

How to Prepare For Financial Accounting and Reporting (FAR) Exam

Preparation Guide for Financial Accounting and Reporting (FAR) Exam

Introduction

The Financial Accounting and Reporting FAR exam test is part of the uniform CPA examination and is administered by the American Institute of Certified Public Accountants (AICPA). The American Institute of Certified Public Accountants (AICPA) is the United States national professional association of Certified Public Accountants (CPAs), with more than 418,000 members in business and industry, public practice, government, education, student affiliates, and foreign associates in 143 countries. Established in 1887, the association sets ethical guidelines for audits of private businesses, non-profit organizations, federal, state, and local governments for the profession and U.S. auditing standards. It also establishes the Standardized CPA Test and rates it. The AICPA has offices in New York City; Durham, NC; Washington DC; and Ewing, NJ.

For practitioners aspiring to become CPAs, the Standardized Certified Public Accountant test is a credentialing exam. It is graded and governed by the American Institute of Certified Public Accountants (AICPA) and by the National Association of State Accountancy Boards (NASBA).

This exam guide is intended to get you to know about the exam details and help you to prepare for the Financial Accounting and Reporting FAR exam test successfully. This guide includes information on the certification test target audience, recommended preparation FAR exam dumps and documentation, and a full list of exam targets, all to help you obtain a passing grade. To increase your chances of passing the test, AICPA strongly recommends a mix of on-the-job experience, course attendance, and self-study.

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Who should take the Financial Accounting and Reporting (FAR) Exam

Candidates must see the FAR exam dumps pdf to see if they are interested in the contents. People who wish to become Financial Accounting and Reporting experts and explore the dynamic culture of this field to jump-start their certification and lifelong learning goals should take this exam. Many businesses prefer that their accountants are Financial Accounting and Reporting (FAR) certified. Applicants winning their FAR title will find themselves more hirable and will be better paid. To become eligible for the exam, a candidate must have completed a 120 program approved by NYSED. Also, they must have completed their bachelor's degree with accounting as their major.

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AICPA FAR Exam Syllabus Topics:

SectionWeightObjectives
Select Financial Statement Accounts30–40%- Leases (ASC 842)
- Equity, EPS, and share-based payments
- Revenue recognition (ASC 606)
- Consolidations and business combinations
- Pensions and post-employment benefits
State and Local Government Accounting20–25%- Budgetary accounting
- Fund accounting and governmental financial statements
- Modified accrual vs full accrual accounting
Conceptual Framework, Standard-Setting, and Financial Reporting25–35%- Conceptual framework and GAAP hierarchy
- Disclosure requirements
- Financial statement presentation
Not-for-Profit (NFP) Accounting10–15%- Revenue and contribution recognition
- NFP financial statements

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