CPA FR Exam Details & Actual Exam Questions
- Exam Code/Number: FR
- Exam Name/Title: Financial Reporting
- Certification Provider: CPA
- Corresponding Certification: Certified Public Accountant
- Exam Questions: 80
- Updated On: Jun,28 2026
- Certification Level: Professional
CPA Financial Reporting Exam Questions
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(18 Up Votes)CPA FR Exam Overview:
| Certification Vendor: | AICPA / NASBA |
| Exam Name: | Financial Accounting and Reporting |
| Exam Number: | FAR |
| Related Certifications: | AUD REG BAR ISC TCP |
| Exam Duration: | 240 minutes |
| Exam Price: | $262.64 – $359 USD per section (varies by jurisdiction) |
| Real Exam Qty: | 57 (50 MCQ + 7 TBS) |
| Passing Score: | 75 (scaled score 0-99) |
| Available Languages: | English |
| Certificate Validity Period: | 30 months from passing date |
| Exam Format: | Multiple Choice Questions (MCQ), Task-Based Simulations (TBS) |
| Sample Questions: | CPA FR Sample Questions |
| Exam Way: | Computer-based testing at Prometric test centers |
| Pre Condition: | Meet state board education/eligibility requirements; no prior exam required |
| Official Syllabus URL: | https://www.aicpa.org/becomeacpa/cpaexam/exam-blueprints.html |
CPA FR Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Select Transactions | 25–35% | - Leases (ASC 842) - Revenue Recognition (ASC 606) - Accounting Changes and Error Corrections - Income Taxes (ASC 740) - Derivatives, Hedging, and Foreign Currency - Business Combinations and Consolidations |
| Topic 2: Select Balance Sheet Accounts | 30–40% | - Inventory and Property, Plant & Equipment - Cash, Receivables, and Investments - Fair Value Measurements - Liabilities, Debt, and Equity - Intangible Assets and Goodwill |
| Topic 3: Financial Reporting | 30–40% | - Financial Statement Analysis and Ratios - General-Purpose Financial Statements – For-Profit Entities - Conceptual Framework and Standard-Setting - State and Local Governmental Accounting - General-Purpose Financial Statements – Not-for-Profit Entities - Public Company Reporting and SEC Requirements |
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