PDF VersionHow much Financial Accounting and Reporting (FAR) Exam Cost
The total cost of the CPA exam is around USD 800 that includes four sections. For this particular Financial Accounting and Reporting (FAR) Exam, the cost is estimated to be USD 200. Hover on to the official website of AICPA and choose your state for more pricing information. Candidates will face other costs like buying the FAR exam dumps pdf and then practicing for the exam via the FAR practice exams.
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What is the duration, language, and format of the Financial Accounting and Reporting (FAR) Exam
- Passing score: 75
- Language of Exam: English
- Duration of Exam: 4 hours
- Format: Multiple choice, Task-based simulations, research prompts
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.
How to book the Financial Accounting and Reporting (FAR) Exam
Follow the steps mentioned below to book the Financial Accounting and Reporting FAR exam test:
- Step 1: Determine your eligibility from the NASBA website by clicking here
- Step 2: Select a jurisdiction where you want to become a licensed CPA
- Step 3: Access the application by clicking here
- Step 4: Complete the application and submit all required documents
- Step 5: Schedule your exam by following this link
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AICPA FAR Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Select Transactions | 20–30% | - Derivatives, hedging and fair value measurements - Contingencies, R&D and subsequent events - Foreign currency, accounting changes and errors - Leases, business combinations and consolidations |
| Select Financial Statement Accounts | 30–40% | - Cash, receivables, inventory, investments - Payables, debt, equity, revenue recognition - Compensation, benefits and income taxes - Property, plant and equipment, intangibles |
| State and Local Governments | 5–15% | - Governmental financial statements and reporting models - Fund accounting and modified accrual basis - GASB standards and disclosure requirements |
| Conceptual Framework, Standard-Setting and Financial Reporting | 25–35% | - Conceptual framework and standard-setting process - Employee benefit plan financial statements - Not-for-profit and public company reporting - General-purpose financial statements for for-profit entities |
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