Updated: Aug 24, 2026
No. of Questions: 80 Questions & Answers with Testing Engine
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The objectives of this exam are to provide you with a solid foundation for working in business or government. To accomplish this, you will need to have an understanding of all aspects of financial reporting standards including all relevant laws, regulations, standards, and practices. Final software safety and reliability are verified through third-party testing and research. Concepts of financial accounting and reporting are discussed in detail. Attempt to answer this exam with the help of the CPA AUSTRALIA FIN exam dumps. The survey describes that Candidate studies without the help of this exam may be unable to pass this exam. To reach the designation a person can expect that the required skills, knowledge, and experience are required for this exam.
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| Certification Vendor: | American Institute of Certified Public Accountants (AICPA) |
| Exam Name: | Financial Accounting and Reporting (FAR) |
| Exam Number: | FAR |
| Exam Duration: | 240 minutes |
| Passing Score: | 75 (scaled 0-99) |
| Certificate Validity Period: | Credits valid for 30 months after first passed section |
| Available Languages: | English |
| Real Exam Qty: | Approximately 50 MCQs + 7 Task-Based Simulations |
| Related Certifications: | Certified Public Accountant (CPA) |
| Exam Format: | Computer-Based Test, Multiple-Choice Questions (MCQs), Task-Based Simulations (TBSs) |
| Exam Price: | Varies by jurisdiction (typically around USD 200-300 per section) |
| Sample Questions: | CPA FIN Sample Questions |
| Exam Way: | Onsite at Prometric Test Centers (Computer-Based Testing) |
| Pre Condition: | Meet education and eligibility requirements as set by the state board of accountancy; must register and receive Notice to Schedule (NTS) |
| Official Syllabus URL: | https://www.aicpa-cima.com/resources/toolkit/cpa-exam |
| Section | Weight | Objectives |
|---|---|---|
| Select Balance Sheet Accounts | 30-40% | - Cash and receivables - Investments and intangible assets - Inventory and long-lived assets |
| Select Transactions | 25-35% | - Income taxes and stock compensation - Revenue recognition - Leases and debt transactions |
| Financial Reporting | 30-40% | - Conceptual framework and GAAP principles - Notes to financial statements and disclosure requirements - Preparing and presenting complete financial statements |
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