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CPA Exam/FAR/Simulations

FAR task-based simulations

Task-based simulations (TBS) are the case-study questions that carry about half the score in FAR. Each one here gives you a short scenario, the documents you need and an answer grid in a real exam format. Check your answers to see what was right and why.

49 simulations · at least 2 per topic · No sign-in needed

Area I: Financial Reporting· 30–40% of the exam

Conceptual Framework & Financial Statement Presentation

Balance Sheet & Income Statement Preparation

Statement of Cash Flows

Notes, Subsequent Events & Going Concern

Not-for-Profit Accounting

Governmental Accounting

Public Company Reporting, Segments & Interim Reporting

Area II: Select Balance Sheet Accounts· 30–40% of the exam

Cash, Receivables & Bad Debts

Inventory

Property, Plant & Equipment

Intangible Assets & Goodwill

Investments (Debt & Equity Securities)

Leases

Current Liabilities, Contingencies & Commitments

Long-Term Debt (Bonds & Notes)

Equity & Earnings Per Share

Area III: Select Transactions· 25–35% of the exam

Revenue Recognition

Income Taxes (Deferred Tax Accounting)

Accounting Changes & Error Corrections

Business Combinations & Consolidations