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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.

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

  • 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.



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

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