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AICPA FAR Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Conceptual Framework, Standard-Setting and Financial Reporting | 25–35% | - Conceptual framework and standard-setting process - Not-for-profit and public company reporting - General-purpose financial statements for for-profit entities - Employee benefit plan financial statements |
| Select Transactions | 20–30% | - Contingencies, R&D and subsequent events - Derivatives, hedging and fair value measurements - Foreign currency, accounting changes and errors - Leases, business combinations and consolidations |
| State and Local Governments | 5–15% | - Governmental financial statements and reporting models - GASB standards and disclosure requirements - Fund accounting and modified accrual basis |
| Select Financial Statement Accounts | 30–40% | - Compensation, benefits and income taxes - Payables, debt, equity, revenue recognition - Property, plant and equipment, intangibles - Cash, receivables, inventory, investments |
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