Archive | FAR Exam

Bond Accounting Tips For The FAR Test

The financial accounting and reporting (FAR) test covers topics related to accounting transactions and generating financial statements. This test is all about the day-to-day work of accounting. One tricky section on this part of the CPA exam is accounting for bonds. Use these tips to prepare for test questions related to bonds. The basics A bond […]

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CPA Exam: REG vs FAR

Each CPA exam overlaps the other on certain topics, which can be helpful depending on when you take the exams. Sometimes there is a large overlap, like journal entries, and sometimes the overlap is much smaller. In the broad sense, FAR and REG cover very similar topics. They both look at the accounting of entities […]

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Test Strategies For FAR CPA Inventory Questions

The financial accounting and reporting (FAR) test covers topics related to accounting transactions and generating financial statements. This test is all about the day-to-day work of accounting. About 30% of your FAR test covers financial statement accounts, including questions on inventory. This section of the test is tricky, so use these tips to perform well […]

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IFRS vs GAAP – What You Need To Know For The CPA Exam

You can take an entire class on the differences between U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). But just like all the rest of the accounting information you need to know for the CPA exam, you’ll need to condense it down into a memory-friendly format.   What Are IFRS? Similar […]

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FAR Task-Based Simulations: What To Expect

Wouldn’t it be great if CPA exam sims were actually like the SIMS computer game? Ah, bliss. Unfortunately, FAR task-based simulations come with an especially high level of stress, very unlike the kind you feel when playing the SIMS. Luckily, we’re here to help you bust that stress and go into the simulations feeling confident. […]

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FAR CPA Exam Breakdown – What to study

One test on the CPA exam is all about the day-to-day work of accounting. The financial accounting and reporting (FAR) test covers topics related to accounting transactions and generating financial statements. Because this test requires a large amount of number crunching, you need to prepare carefully to succeed. This post covers tough concepts on the […]

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FAR Exam Format and Content

The financial accounting and reporting (FAR) test covers topics related to accounting transactions and generating financial statements. This test is all about the day-to-day work of accounting. An FAR test includes 90 multiple-choice questions and 7 simulations. This test requires the largest amount of number crunching on the CPA exam. Use these tips to prepare […]

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FAR Exam Tips

Ladies and gentlemen and boys and girls. Hurry! Hurry! Step right up and be amazed by the one and only Financial Accounting and Reporting (FAR) Exam. “Wow, Ah!” That’s right. You have heard about it. You have read about it. You have dreamt about it. Now it’s time to learn soak up the tips and […]

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