How Many Questions is the FAR CPA Exam?
The FAR (Financial Accounting and Reporting) section of the Certified Public Accountant (CPA) exam is a critical component for aspiring accountants seeking to become licensed professionals. One of the most common questions among candidates is, “How many questions is the FAR CPA exam?” Understanding the structure and format of the exam can help candidates prepare effectively and manage their time efficiently.
The FAR section of the CPA exam consists of 66 multiple-choice questions and 4 task-based simulation questions. The multiple-choice questions are designed to test candidates’ knowledge of financial accounting and reporting principles, while the task-based simulation questions require candidates to apply their knowledge to real-world scenarios.
The multiple-choice questions are divided into two parts: Part I and Part II. Part I contains 39 questions, and Part II contains 27 questions. Candidates are given a total of 4.5 hours to complete the entire section, which includes a short break.
The task-based simulation questions are designed to assess candidates’ ability to apply their knowledge in practical situations. These questions require candidates to read and analyze financial statements, prepare journal entries, and write memo explanations. The four task-based simulation questions are worth a total of 50 points, while the multiple-choice questions are worth 100 points.
In addition to the questions, candidates should also be aware of the time management aspect of the exam. The FAR section is one of the longest sections of the CPA exam, and candidates need to be strategic in how they allocate their time. It is recommended that candidates spend about 30 minutes on each task-based simulation question and about 5 minutes on each multiple-choice question.
Understanding the number of questions and the format of the FAR CPA exam can help candidates develop a study plan that addresses their strengths and weaknesses. By familiarizing themselves with the types of questions and the time constraints, candidates can approach the exam with confidence and increase their chances of success.
In conclusion, the FAR CPA exam consists of 66 multiple-choice questions and 4 task-based simulation questions. Candidates should be prepared to allocate their time wisely and focus on both the content and the application of financial accounting and reporting principles. By understanding the structure of the exam, candidates can develop a comprehensive study plan and improve their performance on the exam.
