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Refer to the links down below to access the study materials. In the accounting industry, any aspiring accountant who wants to sit for the FAR Exam must have significant post-secondary education. For most test managers, a bachelor's degree from an accredited institution used to be enough. Applicants may, however, clear the exam with the right concentration and the right preparation material. TestkingPass have the most up-to-date FAR exam dumps.
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There are several ways to prepare for the Financial Accounting and Reporting (FAR) Exam. AICPA's official website provides tutorials on the exam content and also the sample FAR practice exams. These can be accessed via the “help” button against the sample tests provided on the website. Use the material on the internet to learn all the exam contents in detail and then take the practice sample tests through the AICPA website. To study for the Financial Accounting and Reporting (FAR) Exam, use the exam blueprints and study resources by accessing the links at the bottom of this document. Students are highly encouraged to join AICPA's Certification community where they can join students from all over the world and learn together. FAR exam dumps have ensured a 100% pass rate over the years so students are highly recommended to find these exam dumps on the TestkingPass website and then test their knowledge on FAR practice exams. These are the best study materials one can get. For further exam self-study materials, refer to the links down below.
Hover on to AICPA's Website and take a look at study materials provided for the exam. Check for the topics mentioned in the Exam Outline section of this guide to review the online documentation, tip sheets, and user guides and study the details relevant to those topics. Refer to the links at the end of this document for more study material. As always, We recommend a combination of hands-on experience, completion of the training course, and self-study in the areas described in the Exam Outline section of this exam guide as preparation for this exam. After all sorts of study, test your understanding by taking the FAR practice test.
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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:
Area 2 - Select Financial Statement Accounts (30-40%)
Objectives covered by this section:
Area 3 - Select Transactions (20-30%)
Objectives covered by this section:
Area IV - State and Local Governments (5-15%)
Objectives covered by this section:
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| Section | Weight | Objectives |
|---|---|---|
| Select Transactions | 20–30% | - Derivatives, hedging and fair value measurements - Foreign currency, accounting changes and errors - Contingencies, R&D and subsequent events - Leases, business combinations and consolidations |
| Conceptual Framework, Standard-Setting and Financial Reporting | 25–35% | - Conceptual framework and standard-setting process - Not-for-profit and public company reporting - Employee benefit plan financial statements - General-purpose financial statements for for-profit entities |
| State and Local Governments | 5–15% | - Governmental financial statements and reporting models - GASB standards and disclosure requirements - Fund accounting and modified accrual basis |
| Select Financial Statement Accounts | 30–40% | - Cash, receivables, inventory, investments - Property, plant and equipment, intangibles - Payables, debt, equity, revenue recognition - Compensation, benefits and income taxes |
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