- Exam Code: FAR
- Exam Name: CPA Financial Accounting and Reporting
- Updated: Aug 21, 2026
- Q & A: 165 Questions and Answers
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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.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Select Transactions | 20–30% | - Derivatives, hedging and fair value measurements - Leases, business combinations and consolidations - Foreign currency, accounting changes and errors - Contingencies, R&D and subsequent events |
| Topic 2: State and Local Governments | 5–15% | - Fund accounting and modified accrual basis - GASB standards and disclosure requirements - Governmental financial statements and reporting models |
| Topic 3: Select Financial Statement Accounts | 30–40% | - Property, plant and equipment, intangibles - Compensation, benefits and income taxes - Cash, receivables, inventory, investments - Payables, debt, equity, revenue recognition |
| Topic 4: Conceptual Framework, Standard-Setting and Financial Reporting | 25–35% | - General-purpose financial statements for for-profit entities - Employee benefit plan financial statements - Conceptual framework and standard-setting process - Not-for-profit and public company reporting |
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