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CPA Exam — Financial Accounting and Reporting (FAR) Study Guide (2026)

This is the free study guide for the CPA Exam — Financial Accounting and Reporting (FAR) exam — the same content areas the exam tests, written to the official outline. Read any chapter online free below, then drill the material with 122+ free practice questions and a full timed mock exam.

Last updated: August 2026.

Open the full study guideEvery chapter, in one place — free to read online.

The 6 chapters

  1. 1Area I: For-Profit and Public Company ReportingArea I, 30–40% of the exam
  2. 2Area I: Not-for-Profit and Government ReportingArea I, 30–40% of the exam
  3. 3Area II: Cash, Receivables, Inventory, PP&E and IntangiblesArea II, 30–40% of the exam
  4. 4Area II: Investments, Liabilities, Debt and EquityArea II, 30–40% of the exam
  5. 5Area III: Accounting Changes, Contingencies and RevenueArea III, 25–35% of the exam
  6. 6Area III: Income Taxes, Fair Value, Leases and Subsequent EventsArea III, 25–35% of the exam

Practice what you read

Reading is step one; recalling it under exam pressure is what passes. Drill free CPA Exam — Financial Accounting and Reporting (FAR) practice questions, then sit a full timed mock exam.

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Educational summary, not a substitute for the official material — always confirm current details with AICPA. Last updated: August 2026.

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