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Updated: Jul 24, 2026
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Admission Test Financial-Accounting-Reporting Exam Overview:
| Certification Vendor: | AICPA / NASBA |
| Exam Name: | Certified Public Accountant (CPA) - Financial Accounting and Reporting (FAR) |
| Exam Number: | Admission-Test Financial-Accounting-Reporting |
| Real Exam Qty: | 50 Multiple-Choice Questions + 7 Task-Based Simulations |
| Exam Duration: | 240 minutes |
| Exam Price: | USD 344.80 |
| Passing Score: | 75 |
| Available Languages: | English |
| Exam Format: | Multiple-Choice Questions (MCQ), Task-Based Simulations (TBS) |
| Related Certifications: | Certified Public Accountant (CPA) |
| Certificate Validity Period: | CPA Exam credits are generally valid within the jurisdiction's rolling credit window after passing |
| Sample Questions: | Admission Test Financial-Accounting-Reporting Sample Questions |
| Exam Way: | Computer-based exam administered year-round at authorized Prometric testing centers and approved international testing locations. |
| Pre Condition: | Candidates must meet education and eligibility requirements established by the state board of accountancy where they apply for the CPA Examination. |
| Official Syllabus URL: | https://www.aicpa-cima.com/resources/article/learn-what-is-tested-on-the-cpa-exam |
The FAR section of the CPA exam covers a wide range of topics, including financial statements, accounting transactions, and accounting standards. Financial-Accounting-Reporting exam tests the candidate's ability to apply these concepts to real-world scenarios and to analyze financial information. Candidates must also have a strong understanding of US GAAP and IFRS accounting principles, as well as the ability to interpret financial statements and reports.
Admission Test Financial-Accounting-Reporting (Certified Public Accountant (Financial Accounting & Reporting)) Exam is a rigorous certification process for individuals pursuing a career in accounting. Financial-Accounting-Reporting exam measures a candidate's knowledge and skill in financial accounting and reporting, which is considered an essential component of the accounting profession. Financial-Accounting-Reporting exam covers a wide range of topics such as financial statements, accounting principles, and advanced financial reporting, and it is designed to ensure that candidates have a comprehensive understanding of accounting concepts and principles.
Admission Test Financial-Accounting-Reporting Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Financial Reporting | 30% - 40% | - General Purpose Financial Reporting
|
| Select Balance Sheet Accounts | 30% - 40% | - Assets, Liabilities and Equity
|
| Select Transactions | 25% - 35% | - Accounting and Reporting Transactions
|
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