Last Updated: Sep 10, 2026
No. of Questions: 80 Questions & Answers with Testing Engine
Download Limit: Unlimited
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| Certification Vendor: | American Institute of Certified Public Accountants (AICPA) |
|---|---|
| Exam Name: | Financial Accounting and Reporting (FAR) |
| Exam Number: | FAR |
| Available Languages: | English |
| Related Certifications: | Certified Public Accountant (CPA) |
| Exam Price: | Varies by jurisdiction (typically around USD 200-300 per section) |
| Real Exam Qty: | Approximately 50 MCQs + 7 Task-Based Simulations |
| Certificate Validity Period: | Credits valid for 30 months after first passed section |
| Passing Score: | 75 (scaled 0-99) |
| Exam Duration: | 240 minutes |
| Exam Format: | Multiple-Choice Questions (MCQs), Task-Based Simulations (TBSs), Computer-Based Test |
| Sample Questions: | CPA FIN Sample Questions |
| Exam Way: | Onsite at Prometric Test Centers (Computer-Based Testing) |
| Pre Condition: | Meet education and eligibility requirements as set by the state board of accountancy; must register and receive Notice to Schedule (NTS) |
| Official Syllabus URL: | https://www.aicpa-cima.com/resources/toolkit/cpa-exam |
| Section | Weight | Objectives |
|---|---|---|
| Select Balance Sheet Accounts | 30-40% | - Cash and receivables - Inventory and long-lived assets - Investments and intangible assets |
| Financial Reporting | 30-40% | - Conceptual framework and GAAP principles - Notes to financial statements and disclosure requirements - Preparing and presenting complete financial statements |
| Select Transactions | 25-35% | - Income taxes and stock compensation - Revenue recognition - Leases and debt transactions |
The FIN exam, officially titled Finance, is the qualifying exam for the Other CPA Certification certification, which sits at the Core Section of CPA Licensure level. Earning it shows employers that you have the skills the credential stands for, and it is a solid step forward on a CPA career path. It also connects to Certified Public Accountant (CPA), so the effort you put in now keeps paying off as you advance.
The FIN exam gives you Approximately 50 MCQs + 7 Task-Based Simulations questions to complete within 240 minutes. Do the math before exam day: divide the total time by the question count to set a steady per-question pace, and flag any item that stalls you so you can return to it after securing the easier points. The most reliable way to build that rhythm is a full timed practice test under the same limit, which is exactly what TestSimulate's test engines are designed for.
The passing score for CPA Finance is 75 (scaled 0-99), and the official registration fee is Varies by jurisdiction (typically around USD 200-300 per section). Keep in mind that a retake means paying that fee again in full, which makes an honest self-check worthwhile: before you book, sit a timed practice test and make sure you are consistently scoring above the passing line with some margin to spare.
According to the official requirements: Meet education and eligibility requirements as set by the state board of accountancy; must register and receive Notice to Schedule (NTS). Eligibility rules do change from time to time, so confirm the current details on the official exam page before you register.
Yes — TestSimulate offers a free PDF demo of the CPA Finance material, so you can review the question style and answer quality before you spend anything. After purchase, you also receive 365 days of free updates, and if your product expires you can extend the update service at a 50% discount from your member zone.
If you take the corresponding exam within 60 days of your purchase and do not pass, you are covered by the 100% Money Back Guarantee under clear conditions. To claim a full refund, submit a scan of your exam enrollment slip and your official Score Report PDF within two days of the exam; requests are processed within seven days. Note that sitting the exam within three days of purchase is not eligible, purchases that were never followed by an exam sitting do not qualify, free materials and expired orders are excluded, and the candidate name must match the payer name. Prefer an exchange instead? You can swap your product for two free exam packages of equal value and keep your update service. Delivery is immediate: your FIN material is ready for instant download and is also emailed to you within one minute of payment — contact customer service if nothing arrives within two hours. There is no limit on the number of computers you can install it on.
The current CPA Finance syllabus is organized into 3 exam domains. The first three are:
For the full domain and subtopic breakdown, see the Exam Topics section above — that is the outline your TestSimulate practice questions are mapped to.
Com Ltd has multiple operations around the world. Com Ltd consider following hedging methods in its operation:
1.International diversification of operations
2.Matching assets and liabilities
3.Leading and lagging
4.Money market hedge
Which TWO of the hedging methods are suitable forminimizingeconomic exposure of Com Ltd?
Correct Answer: B 🗳️
Which of the following best describes the Stock Exchange?
Correct Answer: D 🗳️
Akkadia Co expects sales revenue of $20 million for the coming year. It also aims to achieve the following ratios: current ratio of 2.5:1; sales revenue to current assets of 4:1; and acid test ratio of 2:1.
Based on this, what will be the forecast for inventory?
Correct Answer: A 🗳️
Which of the following statements are correct regarding the Modigliani and Miller (no taxes) proposition?
As the level of capital gearing increases from zero:
1.The cost of equity capital will increase
2.The cost of debt capital will remain unchanged
3.The value of the business will decrease
4.The weighted average cost of capital will increase
Correct Answer: A 🗳️
Indus Co holds an item of inventory for which the demand is 40,000 units per year. The cost of holding one unit of the item is $2*50 per year and the cost of placing an order for the item is $20. Demand for the item is even throughout the year. Indus Co employs the economic order quantity (EOQ) model to derive the optimal order quantity for the item.
What is the combined annual cost of holding and ordering this item?
Correct Answer: A 🗳️
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