Prepare for the Financial Accounting and Reporting (FAR) section of the CPA exam with our collection of practice multiple choice questions. Our test bank features 500 up to date FAR questions with answers. All multiple choice questions are designed to be similar in style with recent exams. You can start studying immediately with an instant download to your computer or mobile device.
Everything you need to know to understand the test, master the multiple choice questions and improve your score. Topics covered by the FAR MCQ’s include: conceptual framework and financial reporting, leases, derivatives, foreign currency accounting, pensions and equity accounting, cash flows, not for profit accounting, state and local government accounting, and more.
Most of the questions cover the most recent topics.
Matt R. –
It was quite nerve wracking for me to study for the CPA Exam I did not study accounting in college.
i bought all of the material that I could and studied for over three months.
The questions were updated in 2019. That is a big plus.
I used the FAR questions for my exam this past winter. It had some questions pertaining to the new tax laws TCJA which I found quite helpful.
FAR was my weak spot. I failed the exam in 2015. For the second attempt, I used these MCQ’s and I also used the condensed notes. I found the MCQ’s more useful than the Study Guide. I found that audio recording my own notes was more helpful as I could listen to it in the car.
Jamie M. –
No SIM’s. That is a big problem going into 2018. I contacted the company and they have no plans to add SIM’s.
The product is decent.
However, it took the company a two days to respond to a question I had sent them via Zopim. The customer service could be better.
It is a little different than some other question banks. For example, I tried the Wiley free 24 hr trial and they mimic the actual exam layout. It’s all on the computer. This product is just pages upon pages of questions. Personally, I don’t think it is necessary to create an actual mock exam so for me these questions were fine.
Practice questions are a no brainer for the FAR section. I used these questions for my non-productive time. For example, when I had twenty minutes free at work I would bang out 5 questions. Every little bit helps when it comes to the FAR exam.
I have used practice questions for all four sections. I found the AUD questions to be the most helpful.