CPA FAR Tutoring (Financial Accounting and Reporting)

CPA’s FAR section is often argued to be the longest and most difficult section. FAR tests the skills and knowledge that a newly licensed CPA must demonstrate in the financial accounting and reporting frameworks used by business entities (public and nonpublic), not-for-profit entities and state and local government entities. As such, the following accounting and reporting frameworks are tested in this section:

Financial Accounting Standards Board (FASB)

U.S. Securities and Exchange Commission (U.S. SEC)

American Institute of Certified Public Accountants (AICPA)

Governmental Accounting Standards Board (GASB)

International Accounting Standards Board (IASB)

Our CPA tutors will help students develop the skills to:

  • 1
    Develop a global study plan to work through all content covered on this section
  • 2
    Establish the independent studying endurance required
  • 3
    Practice T-accounts and journal entries
  • 4
    Leverage various memorization tools and mnemonics

The Breakdown of FAR:

Like all other CPA sections, the FAR appointment time is 4.5 hours. The exam is broken down into five testlets:

1. 33 Multiple Choice Questions

2. 33 Multiple Choice Questions

3. 2 Task-Based Simulations

4. 3 Task-Based Simulations

5. 3 Task-Based Simulations

Additionally, FAR applies the following skill allocation:

1. Remembering and Understanding (10-20%)

2. Application (50-60%)

3. Analysis (25-35%)

You can expect to encounter comparisons between International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles  (GAAP) in the FAR section. Some other general topics covered in this section include: financial calculations, financial statement preparation and analysis, financial ratios, account classification, account reconciliations and analysis, general ledger (GL) entries, reconciling GL to subsidiary ledgers, and the global application of accounting principles.

The content area allocation is broken into the following:

1. Conceptual Framework, Standard-Setting and Financial Reporting 25–35%

2. Select Financial Statement Accounts 30–40%

3. Select Transactions 20–30%

4. State and Local Governments 5–15%

CPA FAR Tutoring Study Packages

Free CPA Exam Simulation Software: 6,000 CPA Questions

Practice makes perfect. We include a CPA exam simulation with 6,000 questions to help you prepare for the AUD, FAR, BEC, and REG. It includes practice questions and crucial CPA preparation information on all four sections.

Customized Study Plan

We know that every student is on a different page. Your CPA tutor will create a study plan that is tailored to your needs.

One on One CPA Prep

We believe personalized learning is the best way to improve. You will work with one CPA tutor, 1-on-1, to build upon your foundation and learn how to improve.

Money-Back Guarantee

We add a Free Introductory Hour to every package, so students can meet their tutor and develop a customized study plan before beginning their paid package hours. All unused hours are refundable, so you can try our CPA prep risk-free.

Payment Plans

We offer multiple extended payment options. Contact us to find out which installment plan suits your budget.

Customized Scheduling

Use your study hours as best suits your needs. Some students meet with a tutor daily, while others space it out to weekly meetings.

Top CPA FAR Tutoring Tutors

  • Radha R.

    Radha is a Certified Public Accountant (CPA) and holds a Masters in Taxation, which she earned, along with a BBA in Accounting at Baruch College in NYC. She worked as a graduate assistant for one year during her Master’s program…

  • Greg H.

    NYC CPA Tutor Greg H is a CPA who has both BS and MS degrees in Accounting. When he is not tutoring students he enjoys reading, watching sports on television, playing games on the computer and also being with friends.

  • Sanielle W.

    Sanielle is a New York State Certified Public Accountant with a Masters in Accounting from St. John’s University, Queens NY. Sanielle also has a Bachelors of Science in Business Management from St. Francis College, Brooklyn, NY. While completing her Masters,…

Success Stories
I worked with Chris to pass the CPA exam (Reg)and it really made a difference. He gave me the confidence to study and pass the exam. It was easy to deal with Tutor the People and since I did not use up all of my hours they easily refunded what was left over. I would recommend any of my friends use this service.
Diana L. CPA

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