Considerate service

Our FAR practice guide is cited for the outstanding service. In fact, we have invested many efforts to train our workers. All workers will take part in regular training to learn our study materials. So their service spirits are excellent. We have specific workers to be responsible for answering customers'consultation about the FAR learning materials. Others are in charge of dealing with the orders. Also, you can ask any questions about our study materials. Our workers are very familiar with our study materials. So you will receive satisfactory answers. What is more, our after sales service is free of charge. So our FAR preparation exam really deserves your choice. Welcome to come to consult us. We are looking forward to your coming.

Careful and scientific design

Once you purchase our FAR practice guide, you will find that our design is really carful and delicate. Every detail is perfect. For example, our windows software of the study materials is really wonderful. The interface of our study materials is concise and beautiful. There are no extra useless things to disturb your learning of the FAR learning materials. Also the useful small buttons can give you a lot of help. Some buttons are used for hide or display answers. What is more, there are extra place for you to make notes below every question of the study materials. The timer can aid you control the time. Once it is time to submit your exercises, the system of the FAR preparation exam will automatically finish your operation. After a several time, you will get used to finish your test on time. If you are satisfied with our study materials, come to choose and purchase.

Accurate predication

Through our prior investigation and researching, our FAR preparation exam can predicate the exam accurately. You will come across almost half similar questions in the real exam. Then the unfamiliar questions will never occur in the examination. Even the FAR test syllabus is changing every year; our experts still have the ability to master the tendency of the important knowledge. Once you compare our study materials with the annual real exam questions, you will find that our FAR questions are highly similar to the real exam questions. We have strong strengths to assist you to pass the exam. All in all, we hope that you are brave enough to challenge yourself. Our study materials will live up to your expectations. It will be your great loss to miss our FAR products.

How to book the Financial Accounting and Reporting (FAR) Exam

Follow the steps mentioned below to book the Financial Accounting and Reporting FAR exam test:

• Step 1: Determine your eligibility from the NASBA website by clicking here
• Step 2: Select a jurisdiction where you want to become a licensed CPA
• Step 3: Access the application by clicking here
• Step 4: Complete the application and submit all required documents
• Step 5: Schedule your exam by following this link

Introduction to Financial Accounting and Reporting (FAR) Exam

The Standardized CPA Evaluation is the exam portion of the Financial Accounting and Reporting (FAR) which measures the expertise and skills that a newly qualified CPA must demonstrate in the financial accounting and reporting systems used by enterprise (public and non-public), non-profit, and state and local government agencies.

In the FAR portion of the test, the examination contains the requirements and regulations provided by:

• Governmental Accounting Standards Board (GASB)
• American Institute of Certified Public Accountants (AICPA)
• U.S. Securities and Exchange Commission (U.S. SEC)
• Financial Accounting Standards Board (FASB)
• International Accounting Standards Board (IASB)

The FAR section consists of questions that emphasize the conceptual structure and financial reporting, the selection of accounts of financial statements, the selection of transactions, and the application of state and local governments to accounting work. These sections can be overviewed from the FAR practice test. References at the end of this introduction provide a list of guidelines and regulations provided by these bodies and other reference materials that are available for evaluation in the FAR portion of the review.

Topics of Financial Accounting and Reporting (FAR) Exam

The syllabus for the Financial Accounting and Reporting (FAR) part of the Certified Public Accountant (CPA) Exam can be found in the FAR exam dumps and is also listed below with detail of each area of concern and their topics:

Area 1 - Conceptual Framework, Standard-Setting and Financial Reporting (25-35%)

Objectives covered by this section:

• Statement of cash flows
• Statement of changes in equity
• Discontinued operations
• Financial statements of employee benefit plans
• Statement of financial position
• Income statement/ statement of profit or loss
• Special purpose frameworks
• General-purpose financial statements: nongovernmental, not-for-profit entities
• Statement of comprehensive income
• Conceptual framework and standard-setting for business and non-business entities
• Statement of activities
• General-purpose financial statements: for-profit business entities
• Balance sheet/ statement of financial position
• Notes to financial statements
• Public company reporting topics (U.S. SEC reporting requirements, earnings per share, and segment reporting)
• Consolidated financial statements (including wholly-owned subsidiaries and noncontrolling interests)
• Going concerned

Area 2 - Select Financial Statement Accounts (30-40%)

Objectives covered by this section:

• Payables and accrued liabilities
• Income taxes
• Equity
• Financial assets at fair value
• Stock compensation (share-based payments)
• Inventory
• Financial assets at amortized cost
• Property, plant, and equipment
• Investments
• Equity method investments
• Compensated absences
• Debt covenant compliance
• Retirement benefits
• Cash and cash equivalents
• Long-term debt (financial liabilities)
• Trade receivables
• Intangible assets - goodwill and other
• Revenue recognition
• Notes and bonds payable

Area 3 - Select Transactions (20-30%)

Objectives covered by this section:

• Contingencies and commitments
• Software costs
• Research and development costs
• Differences between IFRS and U.S. GAAP
• Leases
• Fair value measurements
• Foreign currency transactions and translation
• Accounting changes and error corrections
• Derivatives and hedge accounting (e.g. swaps, options, forwards)
• Business combinations
• Nonreciprocal transfers
• Subsequent events

Area IV - State and Local Governments (5-15%)

Objectives covered by this section:

• Proprietary funds financial statement
• Other financing sources and uses
• Government-wide financial statements
• Required supplementary information (RSI) other than management's discussion and analysis
• Net position and components thereof
• Budgetary comparison reporting
• Typical items and specific types of transactions and events: measurement, valuation, calculation, and presentation in governmental entity financial statements
• Special items
• Deriving government-wide financial statements and reconciliation requirements
• State and local government concepts
• Fiduciary funds financial statements
• Interfund activity, including transfers
• Fund balances and components thereof
• Capital assets and infrastructure assets
• Expenditures and expenses
• Notes to financial statements
• General and proprietary long-term liabilities
• Financial reporting entity, including blended and discrete component units
• Nonexchange revenue transactions
• Budgetary accounting and encumbrances
• Governmental funds financial statements
• Format and content of the financial section of the comprehensive annual financial report (CAFR)
• Management's discussion and analysis

Perhaps you plan to seek a high salary job. But you are not confident enough because of lack of ability. Now, our FAR practice guide is able to give you help. You will quickly master all practical knowledge in the shortest time. Also, obtaining the FAR certificate fully has no problem. At this time, you will stand out in the interview among other candidates. Constant improvement is significant to your career development. Your current achievements cannot represent your future success. Never stop advancing. Come to study our FAR learning materials. Stick to the end, victory is at hand. Action always speaks louder than words.

AICPA FAR Exam Syllabus Topics: