Pass your actual test at first attempt with CPA FR training material
Updated: Jul 23, 2026
No. of Questions: 80 Questions & Answers with Testing Engine
Download Limit: Unlimited
Exam-Killer FR updated and latest training material covers the main exam objectives of the actual test, which can ensure you pass easily. Free update for one year of FR training material is available after purchase. Besides, our FR test engine can simulate the actual test environment for better preparation.
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| Certification Vendor: | AICPA / NASBA |
| Exam Name: | Financial Accounting and Reporting |
| Exam Number: | FAR |
| Related Certifications: | AUD REG BAR ISC TCP |
| Exam Duration: | 240 minutes |
| Passing Score: | 75 (scaled score 0-99) |
| Real Exam Qty: | 57 (50 MCQ + 7 TBS) |
| Certificate Validity Period: | 30 months from passing date |
| Exam Format: | Multiple Choice Questions (MCQ), Task-Based Simulations (TBS) |
| Exam Price: | $262.64 – $359 USD per section (varies by jurisdiction) |
| Available Languages: | English |
| Recommended Training: | AICPA Learning & Resources NASBA Exam Resources |
| Exam Registration: | AICPA Official Site NASBA CPA Exam Registration |
| Sample Questions: | CPA FR Sample Questions |
| Exam Way: | Computer-based testing at Prometric test centers |
| Pre Condition: | Meet state board education/eligibility requirements; no prior exam required |
| Official Syllabus URL: | https://www.aicpa.org/becomeacpa/cpaexam/exam-blueprints.html |
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Select Balance Sheet Accounts | 30–40 | - Liabilities, Debt, and Equity - Cash, Receivables, and Investments - Intangible Assets and Goodwill - Inventory and Property, Plant & Equipment - Fair Value Measurements |
| Topic 2: Financial Reporting | 30–40 | - State and Local Governmental Accounting - Public Company Reporting and SEC Requirements - Financial Statement Analysis and Ratios - Conceptual Framework and Standard-Setting - General-Purpose Financial Statements – Not-for-Profit Entities - General-Purpose Financial Statements – For-Profit Entities |
| Topic 3: Select Transactions | 25–35 | - Business Combinations and Consolidations - Derivatives, Hedging, and Foreign Currency - Revenue Recognition (ASC 606) - Leases (ASC 842) - Income Taxes (ASC 740) - Accounting Changes and Error Corrections |
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