2027 CPA Board Exams · FAR (Financial Accounting and Reporting) syllabus and quizzes

Try 5 questions on FAR now, free and with no account. Each answer shows the key and why.

FAR (Financial Accounting and Reporting) is one of the six subjects of the 2027 CPA Board Exams (the Philippine CPA Licensure Examination, CPALE), which follow the 2022 Board of Accountancy syllabus (valid from 2022 to 2028). It asks for quick, sure recall across the conceptual framework, presentation of financial statements, assets, liabilities, equity, revenue (PFRS 15), leases (PFRS 16) and cash flows (PAS 7).

See the whole FAR syllabus on Aefing, try the free quizzes below with no account, and make a free account to keep your misses coming back until your sitting.

More free FAR quizzes

Each is linked to the official FAR part of the 2022 syllabus (valid from 2022 to 2028).

• The 15 question FAR diagnostic checks where you stand across Financial Accounting and Reporting.
• The FAR learning science set practices enumeration, fill in the blanks, matching and ordering.

When you finish a shared quiz you can save the questions you missed into your own account, and Aefing brings them back the next day and again until they stick.

The 2022 syllabus parts of FAR

The main parts of FAR (Financial Accounting and Reporting) for the 2027 CPA board exams, from the 2022 syllabus (valid from 2022 to 2028).

• 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

For every nested part and its weight, open the whole CPALE syllabus.

How to study FAR so it sticks

1. Follow the official syllabus. On the CPALE syllabus page choose Follow this syllabus, which makes your own copy of its topics, linked to FAR and its parts.
2. Mix computation with recall. Do not only recognize the right choice. Type numeric answers, work faded examples step by step, and match rules that are easy to confuse.
3. Clear yesterday's misses first. Open Today each morning and answer what is due before you start a new part.
4. Check what you kept. Progress shows your results on retention checks, the short checks Aefing gives weeks after you first practice a topic. Practice scores are never counted as retention.

Try 5 questions on FAR now, free and with no account. Each answer shows the key and why.

See the whole CPALE syllabus · Back to the guide to all six subjects · Make a free account