AICPA FAR Exam Details & Actual Exam Questions
- Exam Code/Number: FAR
- Exam Name/Title: CPA Financial Accounting and Reporting
- Certification Provider: AICPA
- Corresponding Certification: AICPA Certification
- Exam Questions: 165
- Updated On: Jul,16 2026
- Certification Level: Core / Professional
AICPA CPA Financial Accounting and Reporting Exam Questions
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(21 Up Votes)AICPA FAR Exam Overview:
| Certification Vendor: | AICPA |
| Exam Name: | Financial Accounting and Reporting |
| Exam Number: | FAR |
| Passing Score: | 75 (scaled 0-99) |
| Exam Price: | ~$359 USD per section (varies by jurisdiction) |
| Exam Format: | Multiple-Choice Questions (MCQ), Task-Based Simulations (TBS), Computer-Based Test |
| Exam Duration: | 240 minutes |
| Related Certifications: | AUD REG BAR ISC TCP |
| Certificate Validity Period: | 30 months from passing |
| Available Languages: | English |
| Real Exam Qty: | 50 MCQs + 7 TBSs |
| Sample Questions: | AICPA FAR Sample Questions |
| Exam Way: | Computer-based testing at Prometric test centers or remote proctored (where allowed) |
| Pre Condition: | Bachelor's degree + 120–150 credit hours (jurisdiction-dependent), 24–30 hours in accounting/business courses; no prior exam required |
| Official Syllabus URL: | https://us.aicpa.org/becomeacpa/cpaexam/exam-content/far |
AICPA FAR Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Select Transactions | 20–30% | - Contingencies, R&D and subsequent events - Leases, business combinations and consolidations - Derivatives, hedging and fair value measurements - Foreign currency, accounting changes and errors |
| Conceptual Framework, Standard-Setting and Financial Reporting | 25–35% | - Employee benefit plan financial statements - Conceptual framework and standard-setting process - Not-for-profit and public company reporting - General-purpose financial statements for for-profit entities |
| Select Financial Statement Accounts | 30–40% | - Compensation, benefits and income taxes - Cash, receivables, inventory, investments - Property, plant and equipment, intangibles - Payables, debt, equity, revenue recognition |
| State and Local Governments | 5–15% | - GASB standards and disclosure requirements - Fund accounting and modified accrual basis - Governmental financial statements and reporting models |
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