PART I: INTRODUCTION AND EXAM FOUNDATIONS

In this section

• Chapter 1: CPA Exam Structure and FAR Overview
  • Purpose and Format of the CPA Exam
    This comprehensive article provides a thorough overview of the CPA Exam’s purpose and structure, focusing on exam length, question formats (MCQs, TBSs), and the general content areas essential for FAR success. Understand how the exam is arranged, the types of questions asked, and the significance of these elements for efficient study planning and exam performance.
  • FAR Section in the Uniform CPA Examination
    Explore the scope, structure, and importance of the FAR section—one of the four core parts of the CPA Exam—covering financial accounting and reporting for diverse entities, essential concepts, and strategic approaches.
  • Scoring and Question Types (MCQs and Simulations)
    Discover how the FAR section of the CPA Exam is scored, including item weightings, question formats, and proven test-taking strategies for MCQs and simulations.
  • Study Methodology and Exam Strategies
    Discover effective strategies for mastering the FAR exam, combining conceptual understanding with extensive practice, authoritative literature review, and proven time-management techniques.
  • Time Management and Recommended Study Plans
    Practical insights into scheduling, pacing, and strategic study approaches for the FAR CPA Exam. Master your timetable, integrate practice sessions effectively, and enhance your exam-day performance.
• Chapter 2: Conceptual Framework and Standard-Setting Environment
  • FASB, SEC, and Other Standard-Setters (Historical Context and Roles)
    Learn how the FASB, SEC, and other standard-setters influence and shape accounting practices, from their early roots to modern roles in establishing and maintaining GAAP.
  • FASB Conceptual Framework (Objectives, Qualitative Characteristics, Elements)
    Explore the FASB Conceptual Framework, focusing on the objectives of financial reporting, qualitative characteristics of useful financial information, and the elements of financial statements, and learn how these concepts guide standard-setting and practical GAAP application.
  • Measurement, Recognition, and Disclosure Concepts
    Explore the foundational principles of measurement, recognition, and disclosure in financial accounting under the conceptual framework, covering historical cost, fair value, and consistent application for transparent and meaningful reporting.
  • Hierarchy of U.S. GAAP and Researching the Codification
    Explore the authoritative hierarchy of U.S. GAAP and discover how to effectively research the FASB Accounting Standards Codification, complete with practical insights and best practices.