Finance

CPA — Financial Accounting & Reporting (FAR)

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CPA — Financial Accounting & Reporting (FAR)

Uniform CPA Exam — FAR section: GAAP financial statements

20-question mock75 min48% pass markUnited States

Single questions with instant feedback — no timer, learn as you go.

See official guidance ↓
Start here · Official guidance

From practice to the real exam

01
Meet state board requirements
Each state board sets education requirements (typically 150 credit hours).
02
Apply via NASBA
Submit application and transcripts. Pay fees.
03
Schedule via Prometric
FAR fee ~USD 250 + state application fees.
04
Sit FAR
4-hour exam covering US GAAP financial reporting for for-profit, not-for-profit, and government entities. 50 MCQs + 7 task-based simulations. Pass mark: 75.
05
Pass all four within window
30-month rolling window after first pass.
Official resources
Heads up: Links open in a new tab and go to government / awarding-body sites. AceMark is not affiliated — always verify deadlines and fees on the official page.
Exam blueprint

What this exam covers

5 topics · drawn across your practice and mock
01Financial statements
40%8 questions
02Revenue recognition
15%3 questions
03Leases
15%3 questions
04Pensions & deferred tax
15%3 questions
05Governmental accounting
15%3 questions
Your study path
Master this exam, topic by topic
Drill one topic at a time. After each session you'll see where you went wrong and can retake until you've got it.
Questions per session
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Frequently asked questions

Is the CPA — Financial Accounting & Reporting (FAR) practice test free?

Yes. The core CPA — Financial Accounting & Reporting (FAR) practice on AceMark is free to start — no credit card needed. Sign in (takes 10 seconds) if you'd like to track your progress, save attempts, and unlock the Mentor. Otherwise, browse and explore questions without an account.

How many questions are in the CPA — Financial Accounting & Reporting (FAR) quiz?

Each CPA — Financial Accounting & Reporting (FAR) attempt draws 20 questions and runs for about 240 minutes under realistic timed conditions.

Can I retake the CPA — Financial Accounting & Reporting (FAR) test, and are the questions randomised?

Yes. Every attempt pulls a fresh, randomised set of questions, so you can't memorise your way through — you retake it until you genuinely know the material.

What score do I need to pass the CPA — Financial Accounting & Reporting (FAR)?

The pass mark used in this simulation is 48%. AceMark scores every attempt instantly and shows which topics to review.