How many questions are on the FAR CPA exam? This is a common question among candidates preparing for the Certified Public Accountant (CPA) examination. The Financial Accounting and Reporting (FAR) section, which is one of the four parts of the CPA exam, covers a wide range of topics, including financial accounting, reporting, and auditing. Understanding the number of questions and the format of the exam can help candidates better prepare for this challenging assessment.
The FAR section of the CPA exam consists of 72 questions, which are divided into two types: task-based simulation (TBS) questions and multiple-choice questions. The TBS questions account for 50% of the total score, while the multiple-choice questions make up the remaining 50%. The TBS questions require candidates to apply their knowledge to real-world scenarios, demonstrating their ability to analyze and solve complex problems.
Task-based simulation questions
In the TBS section, candidates are presented with a series of tasks that require them to perform various accounting and reporting procedures. These tasks are designed to simulate the work of a practicing CPA and can include tasks such as preparing financial statements, analyzing financial data, and conducting audits. There are a total of 36 TBS questions on the FAR exam, and each question is worth 1.5 points.
Multiple-choice questions
The multiple-choice section of the FAR exam consists of 36 questions, with each question worth 1 point. These questions cover a broad range of topics, including financial accounting, reporting, and auditing standards. Candidates are required to choose the correct answer from four options, and it is important to understand the concepts and principles behind each question to increase the chances of selecting the correct answer.
Preparing for the FAR CPA exam
To excel on the FAR CPA exam, candidates should focus on understanding the underlying principles and concepts of financial accounting and reporting. This includes studying the relevant accounting standards, such as the Financial Accounting Standards Board (FASB) and the American Institute of Certified Public Accountants (AICPA) guidelines. Additionally, candidates should practice solving problems and applying their knowledge to real-world scenarios through TBS questions.
Conclusion
In conclusion, the FAR CPA exam consists of 72 questions, with 36 TBS questions and 36 multiple-choice questions. Understanding the format and the number of questions can help candidates better prepare for this challenging assessment. By focusing on mastering the underlying principles and concepts, candidates can increase their chances of passing the FAR section and becoming a Certified Public Accountant.
