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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%)

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FAR Exam structure

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Between the third and fourth testlet, there is a 15-minute break that does not count towards your 4 hours of total testing time.

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Pre- exam: Welcome page then, accepting the CPA Exam confidentiality agreement.

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Post-exam: there is a survey about the exam and test center evaluation

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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%

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Quick Tips:

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  • 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

  • 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

Our course material

  • 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.

Contact

+20(122)499-6555

Let us connect and get ready to the CPA Exams now!

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