Tag

CPA FAR

Browsing

CPA-FAR Exam: PRACTICE! PRACTICE! Practice was the main key in clearing my FAR Exam with 83. Followed almost the same strategy which I made during REG preparation. Conceptual clarity is must to crack any exam. This can be achieved through continuous practice and revising the chapters. Revising once and twice was not sufficient for me. So I kept on revising it until I am thorough with the concept. Because every time you revise, you come…

Hi Everyone, I’m Rishika. Here, I’d like to share my study strategy for the CPA-FAR section. As I walked out of the exam center, I felt an immense sense of relief, I looked at my parents and told them that I knew I was passing FAR. This was totally different from what I had heard people say after they gave their exams. Most of the feedback I got back from people giving FAR was negative…

The CPA-FAR Exam section covers topics like financial transactions, financial statements, GAAP, and reporting for nonprofits. Most CPA aspirants consider FAR to be the challenging one among the remaining CPA exam sections because of its length. This exam is also considered as difficult because it tests the candidate’s understanding of statement presentation, financial reports, and business transactions using IFRS, GAAP, and governmental accounting systems. There’s also common to see topics like benefits of the employee,…

The Uniform Certified Public Accountant examination is a credentialing exam for professionals seeking to become CPAs. It is graded by AICPA (American Institute of Certified Public Accountants) and administered with NASBA (National Association of State Boards of Accountancy).  CPA Exam Format: The CPA exam consists of 4 sections. Auditing and Attestation (AUD) Regulation (REG) Financial Accounting and Reporting (FAR) Business Environment and Concepts (BEC) There are 3 types of questions in the CPA exam: Multiple-Choice…

FAR (Financing Accounting and Reporting) is one of the sections in the CPA exam. It covers topics like financial statements, GAAP, reporting, and financial transactions. The CPA aspirants consider FAR as a challenging section because of its length. CPA FAR Exam Format: The FAR section starts with two multiple-choice testlets containing 33 MCQs in each testlet. Later, you are allowed to start two testlets which contain 8 task-based simulations. Question Type No of Questions Multiple-Choice…