June 19, 2018


far test

FAR is Hard, and That’s Okay

The FAR section on the CPA Exam is hard. Don’t believe me? Just ask the pass rates. The fact is, people don’t pass FAR as often as they pass all the other sections. For some people, quickly working through complex calculations really hits their sweet spot. Others, not so much. Me? When I first began […]

IFRS 15 Will Not be Tested on the CPA Exam Any Time Soon

As all of you should know, any new pronouncements are usually eligible for CPA exam testing 6 months after their effective date. So, for example, if a new rule comes into play on December 15 (which they do often for companies that have a year end of December 31), it can appear on the CPA […]

Apparently a Few CPA Exams Were Incorrectly Graded as Failing When In Fact They Passed

Jeff at Another71 is reporting that his forums were abuzz over the weekend with word that some candidates who took FAR and REG exams in 2011 and 2012 were told they failed when they actually passed. This is huge and Jeff says it has been confirmed: This isn’t a hoax. Another71.com has confirmed that this […]

After Being Told His CPA Exam Was Lost, One Candidate Gets Some Good News

Anyone remember the poor bastard who was told by NASBA that they lost his entire exam and would have to retake it? Well, he didn't retake it and somehow they managed to track down his missing exam somewhere between Prometric and the AICPA and guess what? He passed! First of all, this candidate was abnormally […]

Four Time FAR Failure Finally Pulls Off a Victory to Live Happily Ever After

It's score release time and many of you know what that means… either discreet squeals of joy from the safety of your cubicle or incredibly depressing "happy" hours with your fellow loser friends to whine about how much the CPA exam sucks. Wherever you are on the spectrum, I think most of you can appreciate […]

Here’s Your CPA Exam Scores Open Thread for the April/May Testing Window

If you passed, congrats! If you failed…well, we still love you but you may be hopeless.

Sounds like people are getting anxious for REG scores now, so keep us updated for when NASBA drops the word.

AUD scores have no been released.

Curious CPA Exam Candidate Wants the Scoop on Simulations

I’m digging deep in the mailbag for this one, only because you kids have been awfully quiet lately (a sure sign that we’re in a blackout month). If you have a CPA exam question, comment or complaint for us, please let it launch. Come on, you’re going to be sitting around for the next 2 – 3 weeks waiting for your scores, might as well.


I was wondering if you could go over what the simulations entails in FAR. I understand that the multiple choice contains 30 questions, and that there are 3 testlets. However, does the break down for the 7 simulations include more than one part.

For example, I know you will have a problem say leases, maybe a research question…but is that 1 simulation or is that 2 of 7?


Recent Grad…miserable studying…

Let’s defer to the good ole AICPA on this one, you can never go wrong getting info straight from the source. From How the CPA Exam Is Scored:

In addition to multiple-choice questions, the AUD, FAR, and REG sections also contain task-based simulations. Task-based simulations are case studies that allow candidates to demonstrate their knowledge and skills by generating responses to questions rather than simply selecting the correct answer. Task-based simulations typically require candidates to use spreadsheets and/or research authoritative literature provided in the Exam.

Well that’s not very helpful, is it?

In FAR, you’ll encounter 7 task-based simulations, of which 6 will be graded. You don’t know which TBS is pre-test so you have to go into it as if they are all graded.

Assume that each of your simulations will be on a different topic and will only require you to complete one tab. You may see more than one research question so be sure to get in some practice in that area (and access your free 6-month subscription to the authoritative literature if you haven’t already – note that you must have a valid NTS to sign up for this).

In previous versions of the exam, one simulation consisted of several tabs. You’d have to get through two of them in 45 minutes a piece and hope you filled in enough tabs to pass. In the latest incarnation of the exam, however, you will receive more varied topics. This works in your benefit as you have a better chance of getting TBS problems on areas you feel comfortable in, whereas in the old exam you had to hope and pray you didn’t get a simulation on a topic you didn’t study well or suck hard in, as you were just about guaranteed to bomb it.

Then again, in the old exam you could blow the sims and still have a chance to pass. Nowadays, however, you don’t have that luxury as simulation problems carry a heavier weight point-wise.

That said, you’ll want to do the tutorial on the AICPA’s website. While review course materials can come close to simulating the actual exam environment, the CPA exam remains the intellectual property of the AICPA, therefore no review course can copy simulation problems exactly. But since the AICPA provides that tutorial, it has the exact look and feel of the questions you will see on the exam.

CPA Exam Candidate Attempts to Stop Attempting and Actually Take the Exam

From the mailbag:

Hi Adrienne – I have been “attempting” to pass the CPA exam for a few years now – and I must say I’ve never taken the exam or the goal to pass the exam seriously…up until now.

Hold it. Before we get to the second half of this question, we need to address the quotation marks. Obviously OP is trying to make it clear that studying has not been high on the priority list and we recognize this tactic as a CPA exam candidate trying to repent for non-studying sins. This isn’t the confessional but we’ll accept the confession nonetheless; it shows a desire on the candidate’s part to acknowledge what they have done wrong up until this point, which is halfway toward fixing it.


I took BEC on 4/4/2011 and REG on 5/14/2011 (today). I am registered to take FAR on 7/9/2011. My question is: Should I start studying for FAR now and try to take in July, or should I wait until I get my BEC/REG scores and if I score below a passing grade, try to take those in the July/Aug testing window? What should be the plan of attack – retake a recent exam, or jump to the next section? Considering I wont be getting my BEC/REG scores until the end of June, I feel like precious study time will get wasted if I just wait around for those scores…

In a follow-up with OP, we discussed how he felt when he was done. “I can’t say I felt on top of the world when I left prometric – I had more of a numb feeling than anything else. The sims were ‘interesting,’ and the MCQs were pretty challenging too…I put a solid six/seven weeks for this exam following Bisk’s recommended study plan.”

With scoring a little jacked up through the end of this year, you should probably move on to the next section as if you passed. If you did, you made the right decision. If you didn’t, you’ll just have to go back and study it over. You don’t necessarily have to start from scratch but let’s not think about that, let’s assume you passed.

You don’t mention Audit so I don’t know what your 18 month timeline is but if you have the flexibility, you should usually try to plan for the strategy that costs you the least amount of time so you actually have the time if you need it.

You’re right not to wait and just go on to the next section.

CPA Exam Dilemma: Do I Take Audit or FAR Before 2011?

Bypassing the pleasantries and getting straight into the reader question:

I passed BEC & REG on my first try, but I failed FAR & AUD. I need to take FAR or AUD before 2011. Which one do you suggest? FYI: I had 66 on FAR, 56 on AUD.

We’ve discussed what to do when you fail an exam section in the past and if you are familiar with the formula, you know that anything less than a 70 means you can pretty much go back to the drawing board. So the short answer here is that either FAR or AUD is fine but with a little over a month left before the end of 2010 testing, I am a little concerned that you may not have enough time to really prepare. Let’s be real here, you must not have put in much time or effort on either the first time around, am I right?

That being said, FAR looks like the more promising option though a 66 tells me that you’ve got a ways to go before you will be ready. It could be that you simply bombed one testlet and a simulation, in which case you don’t need to spend too much time going over all FAR topics in extensive detail but if you skimmed most of it the first time around, now might be the time to get serious and put in the work.

If you are asking which to take before 2011 because you are scared to death of the CBT-e changes, I would suggest taking AUD this year as the research will be harder next year while most of FAR will actually be easier (between removal of written communication, shorter “simlet” problems and fairly straight-forward IFRS vs GAAP content).

Regardless of which you choose, work on time management (perhaps that is your issue as it coincidentally tends to be a problem on both FAR and AUD) and use your score report to figure out where you need to focus for your second attempt.

Good luck!

Ed. note: Adrienne is currently trudging across this fine country, moving her life from not-so-fabulous-anymore San Francisco to an undisclosed location just outside of Washington DC. She’ll return to a full posting schedule next week after getting settled. As always, you are still welcome to get in touch with any CPA exam questions and/or post suggestions.

How Much Harder Is FAR Going To Be In 2011?

Quick answer: easier actually, in my opinion. I didn’t take the exam this year and I am not taking it next year nor any year after that so perhaps I’m wrong.

A few nights ago, a CPA exam candidate was bitching about studying so I threw in my whining about digging into new CPA exam content for next year. Cry cry, we all have it rough.

Long story short, since I was stuck shuffling through new content anyway she asked an easy 2011 question.

Can you tell me if FAR will be that much harder in 2011? I don’t think I’ll get my NTS in time to schedule for 2010

How many of you are in that boat right now? I’ve seen quite a few of you making plans to knock out two exam parts this year that have just put in your applications; I’m truly sorry to be the one to break this to you but chances are you aren’t going to get in this year. It’s good to be realistic going into this, anyone could lie to you and say in 4 – 6 weeks you’ll have an exam date. Even if you do get approved to sit right now you still have to wait for payment coupons and NTSs, by the time all that is in your hand all the exam dates will be taken. Don’t trip, next year it will be easier and here is why:

Simulations: Big ass simulations are broken up into little parts so you can totally blow a few of them and have several different topics coming at you instead of just two. So if you’re not so hot on pensions, you still have 5 or 6 other chances to do well on simulation problems. In 2010, if you didn’t study the indirect method you better hope you don’t get it or else you’ve blown it. For candidates who have sat this year, you’ve likely already seen them testing out the new format.

Written Communication: You get a spell checker in written communication AND you only have to do essays once (unless you fail BEC). Come on, written communications are easy already, you don’t even have to be right you just have to rite good. In 2011, you won’t have to write 6 different essays in 3 sections but just 3 in 1. That’s a win. Throw in the spell checker and I really wonder why some of you are scrambling to take BEC this year so you don’t have to in 2011. Is writing that bad? Get used to it, you’re going to be writing a lot of unnecessary emails and it’s an important skill to have. You can’t protect the public interest if ur writin liek this. Point being, FAR won’t have written communication for those of you morally opposed to writing anything.

IFRS Just about everything you’ve learned in 2010 will still be relevant in 2011, especially in FAR. No one is throwing out GAAP (even our super excited friends at the AICPA who can’t wait for IFRS!) and some areas of FAR aren’t impacted by IFRS at all. It appears throughout FAR but you shouldn’t be too freaked out by it because you don’t have to be an IFRS expert to nail the material. Just read, learn and pass. It’s really simple. The questions will likely stay mild until the AICPA Board of Examiners figures out whether or not this was a good idea a few quarters down the road. Conservatism dictates they’ll take it slow with international content until we’re actually 100% on this convergence thing so don’t freak out, IFRS makes a lot more sense than cost accounting ever will.

Not bad right?

Here’s where the old timers chime in and tell us all about back in the day when you didn’t get a calculator and had to walk uphill both ways to get to an auditorium in the middle of nowhere for a 17-day marathon of CPA exam testing. In the dark. With no scratch paper. Commence telling us about the “Before Time” please.