Domain 01
Financial Reporting
35%
Conceptual framework and financial statement presentation under US GAAP and IFRS.
Conceptual frameworkIncome statementBalance sheet and OCIStatement of cash flowsIFRS vs. US GAAPNot-for-profit accounting
AICPA
CPA Exam — FAR: Financial Accounting and Reporting (Core)
Code: CPA-FAR
Core section covering GAAP financial accounting and reporting for business entities, not-for-profits, and state/local governments.
78
Questions
240m
Time Limit
75
Pass Score
3
Domains
2576
Practice Bank
Exam Domains
Domain 02
Select Balance Sheet Accounts
35%
Recognition, measurement, and disclosure for key balance sheet items.
Cash and receivablesInventoryProperty, plant and equipmentIntangibles and goodwillInvestmentsLiabilities
Domain 03
Select Transactions
30%
Accounting for complex transactions including revenue, leases, and consolidations.
Revenue recognition (ASC 606)Leases (ASC 842)Business combinations (ASC 805)Consolidation (ASC 810)Foreign currency transactionsIncome taxes (ASC 740)
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