CPA FAR Practice Exam
Financial Accounting and Reporting is a Core section: 50 multiple-choice questions and 7 task-based simulations in four hours, half the score each. Practice by Blueprint topic, then sit the full mock under the real clock.
50 multiple-choice questions and 7 task-based simulations in 4 hours and 5 testlets, scored by Blueprint area with a reason for every answer.
Or start with a free 10-question drill- 72 original FAR questions with a reason for every option
- 7 task-based simulations with exhibits and part-by-part scoring
- 8 free drills: every Blueprint topic, a mixed set and a simulation set
On October 1, Bain Co. signed a $60,000, 9%, one-year note payable, with interest due at maturity. Bain has a calendar year-end. What interest payable should Bain report at December 31?
CPA FAR exam format
Financial Accounting and Reporting (FAR), a Core section every candidate takes, under the AICPA CPA Exam Blueprints effective January 1, 2027.
- Format
- 50 multiple-choice questions and 7 task-based simulations in 5 testlets (25 MCQ, 25 MCQ, then 2, 3 and 2 TBS)
- Time
- 4 hours
- Score weighting
- Multiple-choice 50%, task-based simulations 50%
- Content areas
- I Financial Reporting 30–40% · II Select Balance Sheet Accounts 30–40% · III Select Transactions 25–35%
- Skill levels
- Application 45–55%, analysis 35–45%, remembering and understanding 5–15%
- Passing score
- A scaled score of 75 on a 0–99 scale. The scaled score is not a percentage of questions answered correctly
- When you can test
- Core sections test year-round on the current platform. From July 12, 2027 the CPA Exam moves to a new delivery platform with quarterly windows (July 12–September 30, October 1–December 15)
- Fee
- US$268.59 per section exam fee in NASBA-served jurisdictions (as of July 4, 2026), plus your board’s application or registration fees
What’s on CPA FAR
The Blueprint content areas, split into the topics you study. Our full mock draws each area’s multiple-choice questions at the middle of its range. Every topic has a study guide and a free ten-question drill.
| Topic | Blueprint | Guide and drill |
|---|---|---|
| Area I. Financial Reporting | 30–40% of the section | |
| Financial statements, disclosures and ratios | I.A, I.D, I.E, I.F | 10-question drill |
| Not-for-profit and government reporting | I.B, I.C | 10-question drill |
| Area II. Select Balance Sheet Accounts | 30–40% of the section | |
| Cash, receivables, inventory, PP&E, intangibles and investments | II.A–II.F | 10-question drill |
| Payables, debt and equity | II.G, II.H, II.I | 10-question drill |
| Area III. Select Transactions | 25–35% of the section | |
| Revenue recognition, lessee accounting and income taxes | III.C, III.D, III.F | 10-question drill |
| Accounting changes, contingencies, fair value and subsequent events | III.A, III.B, III.E, III.G | 10-question drill |
What FAR tests
- Area I covers general-purpose financial statements for businesses, not-for-profit reporting, state and local government concepts, public company topics (EPS, segments, interim), special purpose frameworks and ratios.
- Area II covers balance sheet accounts: cash, receivables under CECL, inventory, PP&E, investments, intangibles, payables, debt and equity.
- Area III covers select transactions: accounting changes and errors, contingencies, revenue under ASC 606, income taxes, fair value, lessee accounting and subsequent events.
- Most FAR tasks are application and analysis, so most of our FAR questions make you compute or apply a rule rather than recall it.
Take a full FAR mock under the real clock
50 multiple-choice questions and 7 task-based simulations in 4 hours and 5 testlets, scored by Blueprint area with a reason for every answer.
Or start with a free 10-question drillCommon questions
How many questions are on CPA FAR?
50 multiple-choice questions and 7 task-based simulations, in five testlets, with four hours of testing time.
How is FAR scored?
Multiple-choice questions and task-based simulations each count for 50% of the score. Scores are reported from 0 to 99 and 75 passes; the scaled score is not a percent correct.
What changed on FAR for 2027?
The AICPA added a reference (NCGA Statements and Interpretations) to FAR’s state and local government references. The content and format are otherwise unchanged from 2026.
Is FAR the hardest CPA section?
FAR has the broadest content and the most calculations, which is why many candidates take it first while their coursework is fresh. Weight your study by the Blueprint areas.
Can I take FAR any time?
Yes, until the platform change. Core sections test year-round on the current platform. From July 12, 2027 the CPA Exam moves to a new delivery platform with quarterly windows (July 12–September 30, October 1–December 15).
Ready for exam day?
50 multiple-choice questions and 7 task-based simulations in 4 hours and 5 testlets, scored by Blueprint area with a reason for every answer.
Or start with a free 10-question drillAll six CPA Exam sections
Pass the three Core sections and one Discipline section. One CPA pass covers every full mock and unlimited drills for all six. CPA Exam overview
Core: everyone takes all three
Exam format, weights, fees and testing windows 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 and simulations written to the AICPA CPA Exam Blueprints. Not affiliated with or endorsed by the AICPA or NASBA. Uniform CPA Examination is a registered trademark of the AICPA.