CPALE Financial Accounting and Reporting (FAR): 2022 Syllabus & Practice Quizzes

FAR — Financial Accounting and Reporting is one of the six core subjects of the Philippine CPA Licensure Examination (CPALE). Mastering FAR requires solid recall and problem-solving speed across conceptual framework, financial statement presentation, assets, liabilities, equity, revenue recognition (PFRS 15), leases (PFRS 16), and cash flows (PAS 7).

You can inspect the complete FAR syllabus tree on Aefing, take the free interactive quizzes below without an account, and create a free account to track your retention up to exam day.

Try the Free FAR Practice Quizzes

Test yourself right now on live questions linked to the official FAR syllabus:

• Take the 15-Item FAR Diagnostic Quiz — Check your baseline across Financial Accounting and Reporting with immediate explanations.
• Take the FAR Active Retrieval & Mastery Quiz — Practice enumeration, fill-in-the-blanks, contrastive matching, procedural ordering, and faded worked examples.

After you finish a shared quiz, you can save the questions you missed into your own account so Aefing brings them back the next morning and schedules them until they stick.

Official CPALE 2022 Syllabus Sections for FAR

Here are the major syllabus sections under FAR (Financial Accounting and Reporting) in the 2022 BOA syllabus:

• FAR.1 Development of Financial Reporting Framework, Standard-Setting Bodies and Regulation of the Accountancy Profession (Weight: 4)
• FAR.2 Conceptual Framework, Accounting Process and Presentation of Financial Statements (Weight: 9)
• FAR.3 Cash and other Financial Assets (Weight: 10)
• FAR.4 Non-financial Assets (Weight: 14)
• FAR.5 Financial Liabilities (Weight: 4)
• FAR.6 Non-financial liabilities, provisions, and contingencies (Weight: 4)
• FAR.7 Shareholders’ Equity (Weight: 10)
• FAR.8 Other Topics (Weight: 10)
• FAR.9 Other Reporting Frameworks (Weight: 5)

Want to see every nested subtopic and item weight? Open the full interactive CPALE 2022 syllabus.

How to Study FAR So It Sticks Until Board Exam Day

1. Follow the official CPALE syllabus on Aefing: On the CPALE syllabus page, click Follow this syllabus or Start my topics from it to link your study topics directly to FAR and its sub-parts.
2. Mix computation with active retrieval: Instead of only recognizing multiple-choice options, test yourself with numeric entries, multi-step faded worked examples, and contrastive matching between closely related standards or rules.
3. Let yesterday's misses lead Today: Open Today each morning to clear the questions you missed yesterday before starting new syllabus parts.
4. Check your On Your Date forecast: Open Progress to see how your measured 21-day retention compares against the 75% general average and 65% subject floor.

Inspect the full CPALE syllabus · Back to the 6-Subject CPALE Study Guide · Create a free account