How many MCQs and TBSs are on FAR in 2026?

FAR has 50 MCQs across testlets of 25 and 25, followed by 7 TBSs across testlets of 2, 3, and 2.

How are MCQs and TBSs weighted on FAR?

FAR assigns 50% of the score to MCQs and 50% to TBSs. The official Blueprint lists these as score weights, not suggested study-time allocations.

Are the five FAR questions on this page official AICPA questions?

No. They are original CPAPass questions reviewed against their cited primary sources. They are not official, released, retired, or current CPA Exam items.

Where can I verify the official FAR scope?

Use the linked 2026 AICPA Blueprint for the authoritative content areas, representative tasks, skill levels, item counts, and score weights.

Core · FAR

Free FAR CPA Practice Questions

Answer five original, source-reviewed FAR questions before choosing a longer practice path. The surrounding exam facts come from the dated 2026 AICPA Blueprint contract.

By CPAPass Team

Quick answer

Answer five original, source-reviewed FAR MCQs without an account. The 2026 exam structure has 50 MCQs and 7 TBSs across five testlets. This short set is not a score prediction or a complete practice test.

Public set first

Try five questions, then continue in CPAPass

Each question and explanation is available without registration. Create an account when you want to continue FAR practice and keep your work together.

Create free account Try five questions first

2026 FAR format

FAR is a Core section with 4 hours of testing time. Its first two testlets contain 25 and 25 MCQs. Its final three testlets contain 2, 3, 2 TBSs.

MCQs carry 50% of the score and TBSs carry 50%. These are official score weights, not a suggested study-time formula.

Section typeCore

Testing time4 hours

MCQs50 · 50%

TBSs7 · 50%

Official 2026 FAR content areas

FAR covers financial reporting frameworks, financial-statement accounts and transactions, and state and local government accounting.

Open the official 2026 AICPA Blueprint for the detailed groups, topics, representative tasks, and skill levels.

Area	Official name	Score-weight range
I	Financial Reporting	30-40%
II	Select Balance Sheet Accounts	30-40%
III	Select Transactions	25-35%

Official content-area explorer

Explore the 2026 FAR content areas

Select an area to see its official Blueprint number and score-weight range. No generated skill percentages or predicted question mix are shown.

Score-weight range

Financial Reporting

30-40%

This is the official range assigned to Area I. It is not a promise about the exact questions in an individual exam form.

Blueprint limitationBlueprint tasks are representative, not exhaustive. The number of listed tasks does not establish content weight or predict the exact questions a candidate will receive.

Source contract reviewed 2026-08-03.

Try five source-reviewed FAR practice questions

Commit to an answer before reading each explanation. Review every distractor, then choose Next question to continue through the five-item set.

Question 1 of 5

FAR - Revenue Recognition

A retailer transfers control of a product to a customer on December 28. It sends the invoice on January 2 and receives cash on January 15. The product is the only performance obligation. Under Topic 606, when should the retailer recognize revenue?

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FAR practice questions with answers

Browse all five FAR questions from the session above. Try each question before opening its answer, then review why the other choices do not work.

FARQuestion 1 of 5

Revenue Recognition

A retailer transfers control of a product to a customer on December 28. It sends the invoice on January 2 and receives cash on January 15. The product is the only performance obligation. Under Topic 606, when should the retailer recognize revenue?

A.December 28
B.January 2
C.January 15
D.The date the sales contract was signed

Show answer and explanation

Correct answer: A. December 28

Topic 606 recognizes revenue when the performance obligation is satisfied by transferring the promised good or service. Here, control transfers on December 28.

Why each choice is right or wrong

A. Control transferred and the performance obligation was satisfied on December 28.
B. Sending an invoice does not control the recognition date when control transferred earlier.
C. Cash collection affects the receivable, not the date the performance obligation was satisfied.
D. Contract signing identifies the arrangement, but it does not by itself mean the product was transferred.

Source reviewed 2026-08-12: FASB Revenue Recognition, Topic 606

FARQuestion 2 of 5

Elements of Financial Statements

A company controls a present economic resource because of a past transaction. Which financial-statement element best describes that resource?

A.Asset
B.Liability
C.Expense
D.Distribution to owners

Show answer and explanation

Correct answer: A. Asset

FASB Concepts Statement No. 8 defines an asset as a present right of an entity to an economic benefit.

Why each choice is right or wrong

A. A controlled present right to an economic benefit is an asset.
B. A liability is a present obligation to transfer an economic benefit.
C. An expense is an outflow or consumption affecting equity, not the controlled resource itself.
D. A distribution to owners is a transfer from the entity to its owners.

Source reviewed 2026-08-12: FASB Concepts Statement No. 8, Chapter 4, Elements of Financial Statements

FARQuestion 3 of 5

Statement of Cash Flows

A company purchases equipment for cash. In which section of the statement of cash flows is that cash payment generally classified?

A.Operating activities
B.Investing activities
C.Financing activities
D.Noncash activities only

Show answer and explanation

Correct answer: B. Investing activities

Cash paid to acquire long-lived productive assets is generally an investing cash outflow.

Why each choice is right or wrong

A. Operating activities generally relate to transactions entering net income and normal operations.
B. Purchasing equipment is an acquisition of a long-lived asset and is generally investing.
C. Financing activities generally involve owners and creditors providing or receiving capital.
D. The purchase uses cash, so it is not only a noncash disclosure.

Source reviewed 2026-08-12: FASB Statement No. 95, Statement of Cash Flows

FARQuestion 4 of 5

Financial Statement Presentation

Which financial statement presents a company's assets, liabilities, and owners' equity at a specified date?

A.Balance sheet
B.Income statement
C.Statement of cash flows
D.Statement of operations for a period

Show answer and explanation

Correct answer: A. Balance sheet

The balance sheet presents assets, liabilities, and owners' equity at a point in time.

Why each choice is right or wrong

A. The balance sheet is the point-in-time statement of financial position.
B. The income statement presents performance over a period.
C. The statement of cash flows explains cash inflows and outflows over a period.
D. A statement of operations is another performance statement covering a period.

Source reviewed 2026-08-12: SEC Beginners' Guide to Financial Statements

FARQuestion 5 of 5

Accounting Equation

A company has total assets of $480,000 and total liabilities of $310,000. What is total owners' equity?

A.$170,000
B.$310,000
C.$480,000
D.$790,000

Show answer and explanation

Correct answer: A. $170,000

The balance-sheet equation is assets = liabilities + owners' equity. Equity is therefore $480,000 minus $310,000, or $170,000.

Why each choice is right or wrong

A. $480,000 minus $310,000 equals $170,000.
B. This repeats liabilities rather than solving for equity.
C. This repeats assets and ignores liabilities.
D. Adding assets and liabilities does not solve the accounting equation for equity.

Source reviewed 2026-08-12: SEC Beginners' Guide to Financial Statements

How to review these five FAR questions

Choose an answer for each question before opening its explanation. Then review the correct-answer reasoning and every distractor, including when your first choice was correct.

A useful FAR session combines journal-entry mechanics with a longer task, such as correcting account balances and carrying those changes into the affected financial statements.

If calculations are accurate but simulations break down, practice the full path from source document to adjustment to presentation. Record whether the error came from the rule, the calculation, or the final classification.

What five FAR questions can and cannot show

This set can reveal how you apply its reviewed rules and explain the alternatives. It cannot estimate a CPA Exam score, predict a pass, or represent the full Blueprint.

Use the official Blueprint to verify scope, the section guide to plan coverage, and a larger set of unfamiliar questions when you need broader evidence.

Choose the next FAR practice step

If a rule was unfamiliar, return to the FAR guide before doing more questions. If a rule was familiar but the scenario caused the miss, continue with changed-fact practice and explain why each wrong option fails.

Create a CPAPass account when you want to continue section practice and keep your work together. The five free questions, official Blueprint link, and PDF resource remain available without treating account creation as proof of readiness.

Continue with the resource that matches your next job

Request the FAR PDF pack

Keep the section resource available for offline review. The PDF request is separate from creating a CPAPass account.

Get the FAR PDFs

Try a different CPA section

Choose another section and try its five free questions, with explanations for every answer.

Browse all CPA practice questions

Review the FAR section guide

Review the exam format, tested topics, and study-planning advice for your section.

Open the FAR guide

Review the official Blueprint

Verify detailed groups, topics, representative tasks, and tested skill levels with the official source rather than treating this five-question set as complete coverage.

Open official Blueprint

FAR practice questions: common questions

How many MCQs and TBSs are on FAR in 2026?: FAR has 50 MCQs across testlets of 25 and 25, followed by 7 TBSs across testlets of 2, 3, and 2.
How are MCQs and TBSs weighted on FAR?: FAR assigns 50% of the score to MCQs and 50% to TBSs. The official Blueprint lists these as score weights, not suggested study-time allocations.
Are the five FAR questions on this page official AICPA questions?: No. They are original CPAPass questions reviewed against their cited primary sources. They are not official, released, retired, or current CPA Exam items.
Where can I verify the official FAR scope?: Use the linked 2026 AICPA Blueprint for the authoritative content areas, representative tasks, skill levels, item counts, and score weights.

Continue FAR practice in CPAPass

Create a free account to continue beyond this public FAR set and keep your practice activity together.

Create My FAR Account