- Exam Code: Financial-Accounting-Reporting
- Exam Name: Certified Public Accountant (Financial Accounting & Reporting)
- Updated: Sep 19, 2026
- Q & A: 161 Questions and Answers
First rule of buying dumps: check the exam code. You're looking at the Admission Test Certified Public Accountant (Financial Accounting & Reporting) set at Exam4Tests — 161 practice questions, confirmed by code and name.
| Certification Vendor: | AICPA / NASBA |
|---|---|
| Exam Name: | Certified Public Accountant (CPA) - Financial Accounting and Reporting (FAR) |
| Exam Number: | Admission-Test Financial-Accounting-Reporting |
| Exam Format: | Task-Based Simulations (TBS), Multiple-Choice Questions (MCQ) |
| Certificate Validity Period: | CPA Exam credits are generally valid within the jurisdiction's rolling credit window after passing |
| Available Languages: | English |
| Real Exam Qty: | 50 Multiple-Choice Questions + 7 Task-Based Simulations |
| Related Certifications: | Certified Public Accountant (CPA) |
| Passing Score: | 75 |
| Exam Duration: | 240 minutes |
| Exam Price: | USD 344.80 |
| Sample Questions: | ![]() |
| Exam Way: | Computer-based exam administered year-round at authorized Prometric testing centers and approved international testing locations. |
| Pre Condition: | Candidates must meet education and eligibility requirements established by the state board of accountancy where they apply for the CPA Examination. |
| Official Syllabus URL: | https://www.aicpa-cima.com/resources/article/learn-what-is-tested-on-the-cpa-exam |
| Section | Weight | Objectives |
|---|---|---|
| Select Transactions | 25% - 35% | - Accounting and Reporting Transactions
|
| Financial Reporting | 30% - 40% | - General Purpose Financial Reporting
|
| Select Balance Sheet Accounts | 30% - 40% | - Assets, Liabilities and Equity
|
Candidates must meet education and eligibility requirements established by the state board of accountancy where they apply for the CPA Examination. Rules on eligibility change occasionally, so confirm the current requirements on the official page (official Financial-Accounting-Reporting exam page) before you pay the fee.
240 minutes for 50 Multiple-Choice Questions + 7 Task-Based Simulations questions. Adapt to the clock now: the Exam4Tests SOFT and APP versions let you control test time and track scores, so the real Financial-Accounting-Reporting exam feels like a rehearsal you've already done.
Delivery: payment triggers an automatic email within a minute — download immediately, install without limits, and if nothing arrives within 2 hours our round-the-clock support helps (check spam first). Refund: unlike vendors with slow, cumbersome processes, we keep it clear — take the corresponding Financial-Accounting-Reporting exam within 60 days of purchase, and if you fail, send a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam; the full refund is processed within 7 days. Excluded: exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products. Or exchange for two equal-value products free.
Yes — three different free Admission Test Certified Public Accountant (Financial Accounting & Reporting) demos are available to download. Do the demo test first to inspect the value, then decide. Purchases include 365 days of free updates, renewable at 50% off.
The Admission Test Certified Public Accountant (Financial Accounting & Reporting) blueprint covers 3 domains — including Select Transactions (25% - 35%), Financial Reporting (30% - 40%), Select Balance Sheet Accounts (30% - 40%). Weightings point you to the heavy hitters; schedule your review accordingly. The complete outline above lists every subtopic.
USD 344.80 per attempt, with 75 as the passing score. Since a failed attempt bills again, rehearse with the 161 practice questions from Exam4Tests until your tracked scores clear the mark consistently.
The Admission Test Certified Public Accountant (Financial Accounting & Reporting) is Admission Test's official exam for the CPA Certification credential (Professional level). Before anything else, verify the exam code and name match what you need — then build a plan around the official objectives. Related credentials include Certified Public Accountant (CPA).
Conceptually, interim financial statements can be described as emphasizing:
Correct Answer: C 🗳️
Which of the following factors determines whether an identified segment of an enterprise should be reported in the enterprise's financial statements under SFAS No. 131, Disclosures about Segments of an Enterprise and Related Information?
I. The segment's assets constitute more than 10% of the combined assets of all operating segments.
II. The segment's liabilities constitute more than 10% of the combined liabilities of all operating segments.
Correct Answer: A 🗳️
Envoy Co. manufactures and sells household products. Envoy experienced losses associated with its small appliance group. Operations and cash flows for this group can be clearly distinguished from the rest of Envoy's operations. Envoy plans to sell the small appliance group with its operations. What is the earliest point at which Envoy should report the small appliance group as a discontinued operation?
Correct Answer: A 🗳️
Which of the following information should be included in Melay, Inc.'s 1992 summary of significant accounting policies?
Correct Answer: B 🗳️
What is the underlying concept that supports the immediate recognition of a contingent loss?
Correct Answer: A 🗳️
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