AICPA CPA Financial Accounting and Reporting - FAR

AICPA FAR test insides dumps
  • Exam Code: FAR
  • Exam Name: CPA Financial Accounting and Reporting
  • Updated: Oct 11, 2026
  • Q & A: 165 Questions and Answers
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About AICPA CPA Financial Accounting and Reporting : FAR exam dumps

Three versions, one goal. PassExamDumps built its FAR package for different tastes and different countries: a printable PDF, a Windows Desktop Test Engine with realistic simulation, and an Online Test Engine for any browser — 165 practice questions in each, all included together.

AICPA FAR Exam Overview:
Certification Vendor:AICPA / NASBA
Exam Name:CPA Exam – Financial Accounting and Reporting (FAR)
Exam Number:CPA-FAR
Related Certifications:CPA Audit (AUD)
CPA Business Analysis and Reporting (BAR)
CPA Regulation (REG)
Exam Duration:240 minutes
Available Languages:English
Exam Format:Task-Based Simulations (TBS), Multiple Choice Questions (MCQ)
Real Exam Qty:Approximately 50–60 MCQs + Task-Based Simulations (TBS)
Certificate Validity Period:18 months (credit window after passing)
Exam Price:USD 250–300 per section (varies by jurisdiction)
Passing Score:75 (on a 0–99 scaled score)
Recommended Training:Becker CPA Review (FAR Course)
AICPA Official CPA Exam Resources
Exam Registration:NASBA CPA Exam Services
AICPA CPA Exam Blueprints
Sample Questions:Free Download Pass FAR Exam Cram
Exam Way:Computer-based testing at Prometric test centers
Pre Condition:No formal prerequisite to sit for FAR, but CPA licensure generally requires 150 semester hours of education and state-specific eligibility requirements.
Official Syllabus URL:https://www.aicpa-cima.com/resources/article/cpa-exam-blueprints
AICPA FAR Exam Syllabus Topics:
SectionWeightObjectives
Not-for-Profit (NFP) Accounting10–15%- Revenue and contribution recognition
- NFP financial statements
Conceptual Framework, Standard-Setting, and Financial Reporting25–35%- Conceptual framework and GAAP hierarchy
- Disclosure requirements
- Financial statement presentation
Select Financial Statement Accounts30–40%- Consolidations and business combinations
- Pensions and post-employment benefits
- Revenue recognition (ASC 606)
- Equity, EPS, and share-based payments
- Leases (ASC 842)
State and Local Government Accounting20–25%- Budgetary accounting
- Modified accrual vs full accrual accounting
- Fund accounting and governmental financial statements

FAR Exam — Frequently Asked Questions

The FAR exam is a AICPA certification exam that validates the skills defined in the AICPA CPA Financial Accounting and Reporting syllabus above. It forms part of these credential paths: CPA Audit (AUD), CPA Regulation (REG), CPA Business Analysis and Reporting (BAR). In an economy where certified skills carry growing weight, this credential is one of the clearest ways to demonstrate professional capability in 2026. PassExamDumps prepares you with 165 practice questions in PDF, Desktop Test Engine, and Online Test Engine formats.

AICPA recommends the following training for the AICPA CPA Financial Accounting and Reporting exam:

Follow the training with repeated self-testing — the 165 practice questions from PassExamDumps let you rehearse each topic as often as needed until it holds.

The written refund policy applies: take the AICPA CPA Financial Accounting and Reporting exam within 60 days of purchase, and if you do not pass, PassExamDumps refunds you in full. The policy does not apply if the exam is taken within 3 days of purchase, if the exam was never actually taken, or to free materials or expired orders, and the candidate name must match the payer name. Submit a scan of your enrollment slip and the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. You may instead exchange for two free exam products of equal value and keep your original update service. Delivery is by email within 1 minute of purchase — contact support if nothing arrives within 2 hours.

You pass the AICPA CPA Financial Accounting and Reporting exam at 75 (on a 0–99 scaled score), and registration costs USD 250–300 per section (varies by jurisdiction). Since retakes cost the full fee again, repeated simulation runs with the PassExamDumps engines are the economical way to confirm readiness first.

Computer-based testing at Prometric test centers Register for the AICPA CPA Financial Accounting and Reporting exam via these official channels:

Once booked, your PassExamDumps practice questions — delivered within 1 minute of purchase — let preparation begin the same day.

Three versions of the 165 practice questions for the AICPA CPA Financial Accounting and Reporting exam: a printable, expert-prepared PDF with instant download; a Desktop Test Engine for Windows whose simulation test reproduces the real exam atmosphere — repeatable as many times as you like, with two practice modes and offline access; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. Included as well: a free demo, 365 days of free updates, a 50% renewal discount afterward, unlimited computer installations, and 24/7 online after-sales service.

No formal prerequisite to sit for FAR, but CPA licensure generally requires 150 semester hours of education and state-specific eligibility requirements. Requirements are revised from time to time, so verify the latest on the official AICPA exam page before scheduling.

The AICPA CPA Financial Accounting and Reporting exam consists of Approximately 50–60 MCQs + Task-Based Simulations (TBS) within 240 minutes. The PassExamDumps simulation test runs under the same conditions, so you can get accustomed to the atmosphere and work out any pacing habits before they cost you points.

Per the official outline, the AICPA CPA Financial Accounting and Reporting exam covers 4 domains, led by Select Financial Statement Accounts (30–40%), Not-for-Profit (NFP) Accounting (10–15%), and Conceptual Framework, Standard-Setting, and Financial Reporting (25–35%). The complete list appears in the topics section above; the 165 practice questions at PassExamDumps span every domain.

AICPA CPA Financial Accounting and Reporting Sample Questions:
Question #1

Several sources of GAAP consulted by an auditor are in conflict as to the application of an accounting
principle. Which of the following should the auditor consider the most authoritative?

  • A. FASB Technical Bulletins.
  • B. AICPA Technical Practice Aids.
  • C. FASB Statements of Financial Accounting Concepts.
  • D. AICPA Accounting Interpretations.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

According to the FASB conceptual framework, which of the following attributes would not be used to
measure inventory?

  • A. Replacement cost.
  • B. Historical cost.
  • C. Net realizable value.
  • D. Present value of future cash flows.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

What is the underlying concept that supports the immediate recognition of a contingent loss?

  • A. Consistency.
  • B. Substance over form.
  • C. Matching.
  • D. Conservatism.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

Which of the following statements is incorrect regarding the inputs that can be used to measure fair
value?
I. Level I inputs are the most reliable fair value measurements and Level III inputs are the least reliable.
II. Level I measurements are quoted prices in active markets for identical or similar assets or liabilities.
III. A fair value measurement based on management assumptions only (no market data) would not be
acceptable per GAAP.
IV. The level in the fair value hierarchy of a fair value measurement is determined by the level of the
highest level significant input.

  • A. II, III, IV.
  • B. I, II, III, IV.
  • C. I, II, IV.
  • D. I only.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

In Baer Food Co.'s 1990 single-step income statement, the section titled "Revenues" consisted of the
following:

In the revenues section of its 1990 income statement, Baer Food should have reported total revenues of:

  • A. $216,300
  • B. $215,400
  • C. $203,700
  • D. $201,900
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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