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:
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Conceptual Framework, Standards, Standard Setting & Presentation of Financial Statements (17–23%)
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Financial Statement Accounts: Recognition, Measurement, Valuation, Calculation, Presentation & Disclosures (27–33%)
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Specific Transactions, Events & Disclosures (27–33%)
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Accounting and Reporting for Governmental Entities (8–12%)
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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.
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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.
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Level I: Remembering and Understanding 10-20%
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Level II: Application 50-60%
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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.
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FAR has fundamental knowledge that will be essential in other Three parts.
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Practicing, practicing and practicing both MCQs and TBSs are essential to pass the FAR section.
What we offer
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English and Arabic courses that help Arabian students around the world.
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Online study materials
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Three different study options with competitive prices.
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Thousands of practice questions
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Recorded Video lectures
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Live virtual classroom by Zoom
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Professor mentoring
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Content updated regularly to match CPA Exam blueprint
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Study planner
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LiveOnline classroom scheduling option
Our course material
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1,000+ multiple-choice questions
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40+ task-based simulations
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800+ pages of handouts
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50+ hours of video lecture instruction
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Two review sessions.
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Mock Exam assistance.
