Financial Accounting & Reporting (FAR)
Tests your knowledge and skills relating to generally accepted accounting principles for business enterprises, not-for-profit organizations, and government entities.
Financial Accounting & Reporting covers the following five topics:
-
Conceptual Framework, Standards, Standard Setting & Presentation of Financial Statements (17–23%)
-
Financial Statement Accounts: Recognition, Measurement, Valuation, Calculation, Presentation & Disclosures (27–33%)
-
Specific Transactions, Events & Disclosures (27–33%)
-
Accounting and Reporting for Governmental Entities (8–12%)
-
Accounting and Reporting for Non-Governmental and Not-for-Profit Organizations (8–12%)
FAR Exam structure
Between the third and fourth testlet, there is a 15-minute break that does not count towards your 4 hours of total testing time.
​
Pre- exam: Welcome page then, accepting the CPA Exam confidentiality agreement.
​
Post-exam: there is a survey about the exam and test center evaluation
​
Candidates will be graded on their ability to demonstrate their skill level in remembering and understanding, application, and analysis in the following percentages.
-
Level I: Remembering and Understanding 10-20%
-
Level II: Application 50-60%
-
Level III: Analysis 25-35%
​
​
Quick Tips:
​
-
FAR is the most comprehensive and longest CPA section. You can start with that section to save the 18 months if you FAR Credit.
-
FAR has fundamental knowledge that will be essential in other Three parts.
-
Practicing, practicing and practicing both MCQs and TBSs are essential to pass the FAR section.
What we offer
Our course material
-
English and Arabic courses that help Arabian students around the world.
-
Online study materials
-
Three different study options with competitive prices.
-
Thousands of practice questions
-
Recorded Video lectures
-
Live virtual classroom by Zoom
-
Professor mentoring
-
Content updated regularly to match CPA Exam blueprint
-
Study planner
-
LiveOnline classroom scheduling option
-
1,000+ multiple-choice questions
-
40+ task-based simulations
-
800+ pages of handouts
-
50+ hours of video lecture instruction
-
Two review sessions.
-
Mock Exam assistance.