AICPA CPA Financial Accounting and Reporting is an official AICPA / NASBA exam, catalogued under exam code FAR. Passing it awards the Certified Public Accountant (CPA) certification at the Professional level. It also connects with CPA Audit (AUD), CPA Regulation (REG), CPA Business Analysis and Reporting (BAR). It is built for candidates with ambitious aims, and the credential it grants is recognized accordingly.

AICPA CPA Financial Accounting and Reporting spans 4 official domains, led by Select Financial Statement Accounts (30–40%), State and Local Government Accounting (20–25%), and Not-for-Profit (NFP) Accounting (10–15%). The complete outline sits above; before getting down to business, look through the whole contents quickly so every later practice session has context.

The AICPA CPA Financial Accounting and Reporting exam presents Approximately 50–60 MCQs + Task-Based Simulations (TBS) questions within 240 minutes. A practical tip from successful candidates: mark the most difficult questions during practice, exchange notes on them with friends, and repeat them until they stop being difficult. The PrepAwayETE engine makes that loop fast, and the clock stops being a threat.

Passing AICPA CPA Financial Accounting and Reporting requires 75 (on a 0–99 scaled score), and official registration costs USD 250–300 per section (varies by jurisdiction). Retakes bill the full USD 250–300 per section (varies by jurisdiction) again, so verify readiness before booking: when your PrepAwayETE practice scores clear the requirement repeatedly, including on questions you once marked as difficult, you are ready.

No formal prerequisite to sit for FAR, but CPA licensure generally requires 150 semester hours of education and state-specific eligibility requirements.

Requirements change from time to time, so confirm the current conditions before registering on the official exam page.

AICPA CPA Financial Accounting and Reporting registration is handled through the official channels below.

• NASBA CPA Exam Services
• AICPA CPA Exam Blueprints

When you schedule, note that the exam is delivered Computer-based testing at Prometric test centers.

AICPA / NASBA recommends the following training for AICPA CPA Financial Accounting and Reporting candidates.

• AICPA Official CPA Exam Resources
• Becker CPA Review (FAR Course)

Combine any training with the 165 practice questions in the PrepAwayETE FAR package; one or two focused days of repeated practice after a course is often what locks the knowledge in.

Yes, a free demo of the AICPA CPA Financial Accounting and Reporting questions is available before purchase. Afterward, you can track freshness by the updating version number on the website, and whenever questions change we instantly email the details to you, free for 365 days. We even keep sending the latest questions after you pass, so you can follow every tiny change. After expiry, extending updates costs 50% of the regular price.

Your purchase carries a 100% money-back guarantee under clear conditions. Take the AICPA CPA Financial Accounting and Reporting exam within 60 days of purchase; if you fail, you may claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders; the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are processed within 7 days. Alternatively, exchange for two other exam products of equal value, free, keeping the update service on your original purchase.

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