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CPA Financial Accounting and Reporting (FAR)
Accounting & Tax

Uniform CPA Examination — Financial Accounting and Reporting (FAR)

Financial reporting, balance sheet accounts and select transactions — practice for the four-hour CPA FAR section, with 1,000 flashcards, 350 quiz questions and a 50-question mock exam.

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350+ exam-style practice questions quiz pool

Your full practice pool — 350 questions total, written to mirror the real exam blueprint, with full answer explanations for every question.

3 exam domains covered

Including Financial Reporting, Select Balance Sheet Accounts, Select Transactions.

Full mock exam — 50 questions, 240-min timed

A complete, realistic exam-day simulation with the same question count and time limit as the real thing.

1000+ flashcards

Covering every key term, concept, and framework you're expected to know.

153+ curated video lessons

Hand-picked walkthroughs and explainers organized by topic.

48+ diagrams & visual references

Visual breakdowns of the frameworks and models the exam tests you on.

30+ key formulas & quick-reference sheet

The exact formulas and calculations you need, ready to review before test day.

111+ term glossary

A searchable glossary so unfamiliar terminology never slows you down.

11 recommended books for CPA Financial Accounting and Reporting (FAR)

Real field-reference and career reading picked for this profession — never more exam-prep.

Progress tracking & study planner

See your accuracy by domain, spot weak areas early, and follow a built-in study schedule.

Works on phone, tablet & desktop

Study anywhere — your progress syncs on the device you are using and picks up where you left off.

Lifetime access, one-time purchase

No subscriptions, no renewals — buy once and keep studying until you pass.

See the CPA Financial Accounting and Reporting (FAR) portal

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Topics you'll drill

3 core topics pulled straight from the real question bank.

  • Financial Reporting
  • Select Balance Sheet Accounts
  • Select Transactions

CPA Financial Accounting and Reporting (FAR) exam requirements & cost

Straight from the certifying body — separate from what we charge for the study portal.

Eligibility
Set by each jurisdiction's Board of Accountancy (education, experience and residency rules differ by state); candidates apply to their board, then receive a Notice to Schedule from NASBA
Real exam cost
Varies by jurisdiction: application and administration fees plus an examination fee per section, set by the state board (extra administration fees apply for Guam and international testing centers)
Format
4-hour computer-based section · five testlets: 2 multiple-choice testlets (50 questions) + 3 task-based simulation testlets (7 simulations) · scored 0–99, pass at 75

Financial Accounting and Reporting (FAR) is one of the three Core sections of the Uniform CPA Examination, which the AICPA develops and NASBA administers on behalf of the state Boards of Accountancy. The exam has four sections in total — three Core sections (Auditing and Attestation, FAR, and Taxation and Regulation) and one Discipline section of your choosing — and you take them one section at a time. Eligibility is not set by the AICPA: its FAQ states that the boards determine the eligibility and licensure requirements for their jurisdiction's candidates, so education, experience and residency rules, the application process, the fees and how long passed-section credit stays valid all depend on the state or territory where you choose to be licensed. After your board approves your application you receive a Notice to Schedule, and NASBA states you must schedule at least five days in advance (it recommends 45). Under continuous testing the only limits on retaking a failed section are the time to receive a score, re-register, obtain a new Notice to Schedule and find an available testing date.

Last verified: October 2026·Exam blueprint: The AICPA's Uniform CPA Examination Blueprints document for 2026 (effective January 2026) was read in full for the FAR section: three content areas with allocation ranges, section time, question counts and the 50/50 multiple-choice and task-based scoring weights. The scoring and pass-rate article, the FAQ and NASBA's exam FAQ were confirmed by direct reading on 2026-10-01. The AICPA has published the 2027 blueprints, which take effect January 1, 2027.·Primary source: AICPA & CIMA — Learn what to study for the CPA Exam (exam blueprints) ↗
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Real pass rate, retake policy, scoring, and a study timeline for CPA Financial Accounting and Reporting (FAR) — free, no purchase required.

Common questions

Eligibility is not set by the AICPA or NASBA. Each state or territory's Board of Accountancy sets the education, experience and residency requirements, so you apply to your own board; once approved you receive a Notice to Schedule from NASBA to book your section.

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