Financial Accounting and Reporting Exam content
The Financial Accounting and Reporting Exam tests the largest volume of information, which can make the exam especially challenging. However, most students take several classes relevant to this section of the exam during their degree program, so the testable information is likely to be relatively fresh in their minds.
FAR tests in five areas:
Conceptual framework, standard-setting and financial reporting (25-35%)
Select financial statement accounts (30-40%)
Select transactions (20-30%)
State and local governments (5-15%)
Due to the depth of the FAR Exam, you may need support in learning the section’s content before the big day. Becker CPA Financial Exam Review provides the tools, resources and support you need to prepare with confidence and pass FAR.