CPA Financial Accounting and Reporting (FAR)

Certified Public Accountant Financial Accounting and Reporting examination.

Conceptual Framework of Financial AccountingFinancial Statement Preparation and PresentationRevenue Recognition
Accounting for Income TaxesLeases: Lessee and Lessor AccountingBusiness Combinations and Consolidation
Analyzing Financial StatementsApplying GAAP and IFRS to Real-World ScenariosEthics and Professional Responsibility in Financial Reporting
Mastering Multiple-Choice QuestionsTime Management on Exam DayApproaching Simulations and Case Studies
Conceptual Framework...Financial Statement ...Revenue RecognitionAccounting for Incom...Leases: Lessee and L...Business Combination...Analyzing Financial ...Applying GAAP and IF...Ethics and Professio...Mastering Multiple-C...Time Management on E...Approaching Simulati...
Study Strategies

Time Management on Exam Day

Making Every Minute Count

The FAR exam is lengthy, so managing your time is essential. Allocate time blocks to each testlet, and move on if stuck.

  • Divide your total time by the number of testlets.
  • Save time at the end for review.
  • Take brief mental breaks to stay sharp.

Examples

  • Setting a timer to spend no more than 45 minutes on each section.

  • Flagging tough questions for review in the final 10 minutes.

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Approaching Simulations and Case Studies