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FAR Exam

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This is Wasim; please find my strategy to prepare for CPA-FAR exam given below. – Don’t try to learn FAR like remembering theory, understand the concepts. – Finishing FAR in 3 months if possible, I finished it in 3 months. You need to study for 2 days of the week-ends and daily for at least 3 hours which is minimum (For working candidates). – Give 4 mini-tests per week for the modules you already completed…

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…

In India, finance is one of the most coveted streams and also one of the most prestigious career choices for students and young professionals. In this article, we have shortlisted a few long term courses in finance which have been formed by analyzing the availability of jobs and popularity amongst aspirants. Chartered AccountancyCertified Public Accountant (CPA)MBA Finance from Tier-I InstitutesChartered Financial Analyst (CFA)Chartered Management Accountant (CMA) Chartered Accountancy: Chartered Accountancy (CA) offered by ICAI (Institute…

Many people believe it’s like a fantasy to write the US CPA exam while working full time. The first question that comes to our mind is, how to prepare? What should be my study plan? So here are a few tips for you to follow: Planning: Plan the dates for each segment as soon as they start the test window. Iterations: Go over the course material, sample questions, etc. at least 4 times before the…

The CPA-BEC Exam (Business Environment and Concepts) tests the students in management, principle economic concepts, Information & Technology (IT), and corporate governance.  Let’s know the complete details of the CPA-BEC Exam. BEC Topic Areas & Concepts: The CPA BEC section is a 4-hour long exam. It includes the below topics: Content Area Allocation Economic Concepts and Analysis 17 to 27% Corporate Governance 17 to 27% Information Technology 15 to 25% Financial Modeling and Management 11…

The CPA-REG (Regulation) exam tests the understanding level of the candidate at legal matters in a business context and taxation at a federal level. The REG CPA exam covers the topics of business law and federal taxation.  Let’s go through the complete details of the CPA regulation exam structure. CPA-REG Exam Topic Areas: The REG section is a 4-hour long exam. It includes below topics: Content AreaAllocationBusiness Law10 to 20%Professional Ethics and Federal Tax Procedures10…

The CPA-FAR Exam section covers topics like financial transactions, financial statements, GAAP, reporting for nonprofits. Most of the 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…

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…

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