CPA BAR: Derivatives, hedging, leases and public company reporting
Blueprint II.H, II.I, II.J · Area II, Technical Accounting and Reporting · 35–45% of BAR
Ten BAR questions on derivatives, hedging, leases and public company reporting, untimed, with a reason for every answer option.
Or take the full BAR mock examFor most reportable events, such as entering into a material definitive agreement, a company must file Form 8-K within
Derivatives, hedging, leases and public company reporting on CPA BAR
This topic covers derivatives and hedge accounting, leases from the lessee and lessor side, and public company reporting topics such as SEC filings, segment and interim reporting.
- Blueprint groups
- II.H, II.I, II.J
- Share of the section
- Area II, Technical Accounting and Reporting: 35–45%
- Our drill
- 10 questions from 12 on this topic, untimed, with a reason for every option; one free attempt, unlimited with a pass
What to know
- A derivative has an underlying and notional amount or payment provision, little or no initial net investment, and net settlement (ASC 815-10-15-83).
- Fair value hedges: changes in both the derivative and the hedged item go to earnings. Cash flow hedges: the derivative's change goes to OCI and is reclassified when the hedged transaction affects earnings.
- Finance leases produce interest plus straight-line amortization; operating leases produce a single straight-line lease cost (ASC 842-20).
- A failed sale-leaseback is accounted for as a financing by the seller-lessee (ASC 842-40).
- Form 8-K is generally due within four business days; 10-Q interim statements must be reviewed by an independent accountant.
- ASU 2023-07 requires disclosure of significant segment expenses regularly provided to the chief operating decision maker.
Test yourself on derivatives, hedging, leases and public company reporting
Ten BAR questions on derivatives, hedging, leases and public company reporting, untimed, with a reason for every answer option.
Or take the full BAR mock examCommon questions
How much of the BAR section is derivatives, hedging, leases and public company reporting?
It sits in Blueprint Area II (II.H, II.I, II.J). The AICPA weights whole areas, not single topics; see the area’s range on the BAR page. Our 50-question mock draws each area at the middle of its range.
Are these real BAR questions?
No. The AICPA does not release live exam questions. These are original practice questions written to the published 2027 CPA Exam Blueprints, with a reason for every answer option and the standard or code section behind the key.
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Blueprint and exam facts checked November 2026: AICPA: Learn what is tested on the CPA Exam (Blueprints effective January 1, 2027) · AICPA: CPA Exam score release and testing windows · NASBA: CPA Exam FAQ · Virginia Board of Accountancy: CPA Exam fees.
Original independent practice questions written to the AICPA CPA Exam Blueprints. Not affiliated with or endorsed by the AICPA or NASBA.