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Understanding what is on the AICPA FAR exam is crucial step in preparing for the exam. You will need to have an understanding of the testing domain (topics covered) to be sure you are studying the correct information.
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Understanding the exact breakdown of the AICPA Financial Accounting and Reporting test will help you know what to expect and how to most effectively prepare. The AICPA Financial Accounting and Reporting has 66 multiple-choice questions The exam will be broken down into the sections below:
| AICPA Financial Accounting and Reporting Exam Blueprint | ||
|---|---|---|
| Domain Name | % | Number of Questions |
| Conceptual Framework, Standard-Setting and Financial Reporting | 25-35% | 21 |
| Select Financial Statement Accounts | 30-40% | 25 |
| Select Transactions | 20-30% | 17 |
| State and Local Governments | 5-15% | 4 |