The 4 sections of the CPA exam test the candidate on different aspects of the accounting. The CPA FAR Section (Financial Accounting and Reporting) expect it to be easy as it is directly related to the education background of the candidate
But take it with a pinch of salt as without proper preparation and practice this can easily turn into a nightmare as it is the most comprehensive section dealing with a wide array of topics.
CPA FAR Section Syllabus:
According to AICPA, the CPA FAR Section covers concepts and standards for financial statements, typical items in financial statements, specific types of transactions and events, accounting and reporting for governmental entities, and accounting and reporting for nongovernmental and not-for-profit organizations.
Go to CPA FAR Section curriculum to know more about the syllabus.
CPA FAR Section Exam Format:
CPA FAR section exam is 4 hours long online exam that is to be written at one of the Prometric exam centres. It includes Multiple Choice Questions and Task based simulations.
Go to exam format for CPA FAR section to know more about the Exam Format.
CPA FAR Section Study Notes:
CPA FAR section being the tough one it is, requires stern practice. Check out study notes for CPA FAR section to get some downloadable material .
CPA FAR Section Pass Rate:
CPA FAR section has the weaker historic pass rates. Making it hard to take the exam on a lighter note. Have a look at the Historic pass rates for CPA FAR Section, this analysis is done quarterly and you can clearly see the trend in FAR pass rates across all the quarters.
CPA FAR Section Exam Dates:
CPA FAR Section exam can be written throughout the year in the first two months of each quarter. This is called the testing window. After receiving the Notice to Schedule (NTS) you can contact Prometric to schedule your exam.
Learn more about the exam dates for CPA FAR section.
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