CERTIFIED PUBLIC ACCOUNTANT (CPA) FINANCIAL ACCOUNTING AND REPORTING (FAR)
CPA Exam FAR is of 4 hours and 15 minutes break and is divided into 5 testlets. Each testlet consists of only one specific type of CPA Exam Question. The 66 Multiple Choice Questions (MCQs) account for 50% of the score, 8 Task-Based Simulations (TBSs) account for the other 50% weightage in FAR.
There are four sections in the FAR section.
- Section A – Conceptual Framework, Standard Setting and Financial Reporting – 25 – 35% weightage
- Section B – Select Financial Statement Accounts – 30 – 40% weightage
- Section C – Select Transactions – 20 – 30% weightage
- Section D – State and Local Governments – 5 – 15% weightage
FAR SECTION PREPARATION TIME
CPA FAR Section requires at least 3 months of continuous preparation. Candidates must give at least 3 hours on weekdays and at least 6 hours on weekends.
Zain CPA Review makes it easy to study anywhere. Access your course on your phone, tablet, or laptop. Look for nearby libraries, hotels, coffee shops, and restaurants with free Wi-Fi, a pleasing ambiance, and comfortable chairs. If your commute is long or you use public transportation, consider spending that time viewing video lectures.
PRE-TEST MCQs AND TBSs
According to AICPA, the FAR section includes 12 pre-tests MCQs, and 1 pre-test TBS. Pre-test questions are non-graded and included among graded questions within each testlet. You will not be able to distinguish between pre-test and graded questions. Answer each MCQ, and TBS to the best of your ability.
AICPA PRACTICE EXAM FAR
AICPA Sample Exam are available for free from their website. Zain Academy offers CPA FAR Study Guide and CPA FAR Practice Questions in PDF format.
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