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At its core, the Financial-Accounting-Reporting examination serves as an objective and rigorous standard for the accounting and finance industry, helping prospective professionals to develop and refine key competencies that are essential in their field. With the increasing complexity of the accounting and financial reporting landscape, the CPA FAR Exam is a must-have for anyone who aspires to excel in their accounting career.
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Admission Test Financial-Accounting-Reporting Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Financial Reporting | 30-40% | - General Purpose Financial Statements - Financial Reporting for Nonprofits - State and Local Government Reporting - Conceptual Framework and Standard-Setting - Special Purpose Frameworks |
| Topic 2: Select Transactions | 25-35% | - Derivatives and Hedge Accounting - Fair Value Measurements - Leases - Business Combinations and Consolidations - Subsequent Events and Fair Value Disclosures |
| Topic 3: Select Financial Statement Accounts | 30-40% | - Assets - Revenue Recognition - Equity - Liabilities - Expenses and Other Items |








