Financial Accounting and Reporting
841 real, explained MCQs and 12 server-graded TBS simulations, mapped to the current AICPA Blueprint.
Blueprint content areas
Percent of FAR's scored content each Area represents, per the AICPA Blueprint. Content groups are listed as published in the AICPA Uniform CPA Examination Blueprints, effective January 2026.
What the Blueprint covers in this Area
- General-Purpose Financial Reporting: For-Profit Business Entities
- General-Purpose Financial Reporting: Nongovernmental Not-for-Profit Entities
- State and Local Government Concepts
- Public Company Reporting Topics
- Special Purpose Frameworks
- Financial Statement Ratios and Performance Metrics
What the Blueprint covers in this Area
- Cash and cash equivalents
- Trade receivables
- Inventory
- Property, plant and equipment
- Investments
- Intangible assets
- Payables and accrued liabilities
- Debt (financial liabilities)
- Equity
What the Blueprint covers in this Area
- Accounting changes and error corrections
- Contingencies and commitments
- Revenue recognition
- Accounting for income taxes
- Fair value measurements
- Lessee accounting
- Subsequent events
Try it first: free FAR practice questions with answers and explanations.
Skill-level allocation
Remembering & Understanding, Application, and Analysis — this section does not test Evaluation.
Exam structure
MCQ testlets
25 + 25 questions across 2 testlets (50 total)
TBS testlets
2 + 3 + 2 simulations across 3 testlets (7 total)
Start practicing FAR with real, explained questions and simulations.
See pricing