Master your CPA FAR Exam with 3 practice exams of 75 questions each pulled from a database of 900 questions. Instant feedback after each question. Plus 1 certification style exam with gap analysis report to show areas of weakness.
more infoWhat I appreciate most about Plum Stone Prep’s online practice tests is their emulation of the real exam. Entering the exam room, I felt a strong sense of confidence in my grasp of the material, and upon leaving, I had no doubt that my investment of time had been thoroughly justified.
Janice B. New Jersey
What you get in this package
The Dude knows that the CPA Financial Accounting and Reporting (FAR) Certification Exam can feel like an endless ocean of accounting standards to navigate, but our practice exam package will help you feel anchorerd and assured on exam day. With access to 3 practice tests, you’ll get to dip your toes into different topics and start figuring out where you might need a life vest.
In this package you get:
- 3 practice exams with immediate feedback after each response
- A Gap Analysis report at the end of the practice exams to show areas of weakness
- 1 sample certification exam (answers not shown) that simulates the real exam
After each attempt, you'll receive constructive feedback to show where your strengths lie and areas we can work on improving together. By the time you take the high-stakes practice test, that overwhelming feeling will turn into smooth sailing confidence thanks to all the experience under your belt. Think of our practice package as your trusty lighthouse, helping you avoid rocky confusion and find safe harbors of comprehension. With a dash of dedication and our friendly guidance, the only tears on exam day will be from finally conquering the mighty CPA FAR! Let us shed some light on the path forward.
About the CPA FAR exam
Welcome to the CPA Financial Accounting and Reporting (FAR) Exam. This is one of the four sections of the Uniform CPA examination required for CPA licensure. This exam simulates the questions you might find on the CPA Financial Accounting and Reporting (FAR) Exam and covers knowledge of auditing procedures, generally accepted auditing standards (GAAS), attestation engagements, and ethics.
You get 4 hours to answer 75 multiple-choice questions. Passing score is 75% - candidates must correctly answer approximately 60 of the MC questions
The topics include:
- Conceptual Framework
- Standard-Setting Bodies
- Financial Reporting
- Financial Statements Accounts
- Transactions, Business Environments
- Government Accounting
- Not-for-Profit Accounting
- Preparation engagements
CPA FAR FAQ
What is the CPA FAR exam?
The CPA FAR exam is one of the four sections of the Uniform CPA Examination, which is required for licensure as a Certified Public Accountant (CPA) in the United States. The FAR section focuses on the candidate's knowledge and skills related to financial accounting and reporting.
What topics are covered in the CPA FAR exam?
The CPA FAR exam covers a range of topics, including conceptual framework, standard-setting, financial statement accounts, select transactions, state and local governments, and non-governmental and not-for-profit organizations.
How long is the CPA FAR exam?
The CPA FAR exam is a four-hour exam that includes multiple-choice questions. Candidates are given four hours of testing time, which includes time for a standardized break.
How many questions are on the CPA FAR exam?
The CPA FAR exam includes 75 multiple-choice questions.
What is the passing score for the CPA FAR exam?
The passing score for the CPA FAR exam is 75%.
How can I prepare for the CPA FAR exam?
To prepare for the CPA FAR exam, candidates can use a variety of study resources, including review courses, textbooks, practice questions, and simulations. It's essential to create a study plan, focus on understanding concepts and their application, and practice time management skills.
Are there any changes to the CPA FAR exam this year?
The AICPA (American Institute of Certified Public Accountants) periodically updates the content and format of the CPA exams to reflect changes in the accounting profession. As of late 2023, there were some minor changes to the CPA FAR exam blueprint, but the overall structure and content of the exam remained largely the same.
How many times can I take the CPA FAR exam?
Candidates can take each section of the CPA exam, including FAR, up to four times within a single testing window (a three-month period). There is no lifetime limit on the number of attempts.
How long are CPA FAR exam scores valid?
CPA FAR exam scores are valid for 18 months. Candidates must pass all four sections of the CPA exam within this 18-month period to be eligible for licensure.
Can I use a calculator on the CPA FAR exam?
Yes, candidates are provided with a basic online calculator within the exam software. Physical calculators are not allowed in the testing room.
How much does it cost to take the CPA FAR exam?
The cost of taking the CPA FAR exam varies by state, but typically ranges from $200 to $300 per section. Candidates should check with their state board of accountancy for specific fees and payment procedures.
How often is the CPA FAR exam offered?
The CPA FAR exam is offered year-round, with testing windows in the first two months of each quarter (January-February, April-May, July-August, and October-November). Candidates can schedule their exam within these testing windows based on availability at their chosen testing center.
How long does it take to receive CPA FAR exam scores?
CPA FAR exam scores are typically released within 7-10 business days after the end of each testing window. Candidates will receive an email notification when their scores are available to view online.
What happens if I fail the CPA FAR exam?
If you fail the CPA FAR exam, you can retake it in a future testing window. It's important to review your performance report, identify areas for improvement, and adjust your study plan before attempting the exam again.
Is the CPA FAR exam considered the most difficult of the CPA exams?
Many candidates consider the CPA FAR exam to be the most challenging of the four CPA exam sections due to the breadth and depth of the financial accounting and reporting topics covered. However, the difficulty of each exam section can vary by individual, depending on their strengths, weaknesses, and preparation.
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