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Refer to the links down below to access the study materials. In the accounting industry, any aspiring accountant who wants to sit for the FAR Exam must have significant post-secondary education. For most test managers, a bachelor's degree from an accredited institution used to be enough. Applicants may, however, clear the exam with the right concentration and the right preparation material. Free4Torrent have the most up-to-date FAR exam dumps.
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The total cost of the CPA exam is around USD 800 that includes four sections. For this particular Financial Accounting and Reporting (FAR) Exam, the cost is estimated to be USD 200. Hover on to the official website of AICPA and choose your state for more pricing information. Candidates will face other costs like buying the FAR exam dumps pdf and then practicing for the exam via the FAR practice exams.
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: State and Local Governments | 5–15% | - Fund accounting and modified accrual basis - Governmental financial statements and reporting models - GASB standards and disclosure requirements |
| Topic 2: Select Transactions | 20–30% | - Contingencies, R&D and subsequent events - Foreign currency, accounting changes and errors - Leases, business combinations and consolidations - Derivatives, hedging and fair value measurements |
| Topic 3: Select Financial Statement Accounts | 30–40% | - Payables, debt, equity, revenue recognition - Compensation, benefits and income taxes - Cash, receivables, inventory, investments - Property, plant and equipment, intangibles |
| Topic 4: Conceptual Framework, Standard-Setting and Financial Reporting | 25–35% | - Employee benefit plan financial statements - Not-for-profit and public company reporting - General-purpose financial statements for for-profit entities - Conceptual framework and standard-setting process |
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