Area I FREE
Financial Reporting
Conceptual framework, the general-purpose financial statements (including cash flows), disclosures, ratios, SEC reporting, and not-for-profit & governmental reporting.
AICPA Blueprint: Area I (30–40%)
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FAR Study Hub
Financial Accounting & Reporting. Study notes organized to the 2026 AICPA Blueprint. Pick an Area to start reading. Each area includes 30 original practice MCQs.
Exam map & what to expect
2026 update
FAR is a Core section under CPA Evolution (3 Core + 1 Discipline). It tests US GAAP for for-profit, not-for-profit, and state & local governmental entities. Some of the most specialized FAR topics (governmental and not-for-profit reporting) were trimmed under CPA Evolution but remain testable, so confirm the current scope against the AICPA FAR Blueprint for your testing window.
4 hrs
exam length
50
MCQs · 50% of score
7
task-based sims · 50%
Core
section (CPA Evolution)
| Blueprint Area | Title | Approx. weight |
|---|---|---|
| I | Financial Reporting | 30–40% |
| II | Select Balance Sheet Accounts | 30–40% |
| III | Select Transactions | 25–35% |
Weights are the AICPA's stated ranges; confirm against the current official blueprint before exam day.
Area II 🔒 $19/mo
Select Balance Sheet Accounts
Cash, receivables, inventory, PP&E, investments, intangibles & goodwill, current liabilities & contingencies, long-term debt, and stockholders' equity.
AICPA Blueprint: Area II (30–40%)
Area III 🔒 $19/mo
Select Transactions
Revenue recognition, leases, bonds, pensions, income taxes, business combinations & consolidations, stock comp, derivatives, foreign currency, and accounting changes.
AICPA Blueprint: Area III (25–35%)
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