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- Total Questions: 80
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- Total Questions: 80
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Not sure whether the CPA Finance material at 2Pass4sure matches your study style? Download the free PDF demo first and check the quality of the FIN practice questions before you spend anything.
CPA FIN Exam Overview:
| Certification Vendor: | American Institute of Certified Public Accountants (AICPA) |
|---|---|
| Exam Name: | Financial Accounting and Reporting (FAR) |
| Exam Number: | FAR |
| Passing Score: | 75 (scaled 0-99) |
| Certificate Validity Period: | Credits valid for 30 months after first passed section |
| Exam Duration: | 240 minutes |
| Related Certifications: | Certified Public Accountant (CPA) |
| Available Languages: | English |
| Real Exam Qty: | Approximately 50 MCQs + 7 Task-Based Simulations |
| Exam Price: | Varies by jurisdiction (typically around USD 200-300 per section) |
| Exam Format: | Task-Based Simulations (TBSs), Multiple-Choice Questions (MCQs), Computer-Based Test |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Onsite at Prometric Test Centers (Computer-Based Testing) |
| Pre Condition: | Meet education and eligibility requirements as set by the state board of accountancy; must register and receive Notice to Schedule (NTS) |
| Official Syllabus URL: | https://www.aicpa-cima.com/resources/toolkit/cpa-exam |
CPA FIN Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Select Balance Sheet Accounts | 30-40% | - Investments and intangible assets - Cash and receivables - Inventory and long-lived assets |
| Select Transactions | 25-35% | - Revenue recognition - Income taxes and stock compensation - Leases and debt transactions |
| Financial Reporting | 30-40% | - Preparing and presenting complete financial statements - Conceptual framework and GAAP principles - Notes to financial statements and disclosure requirements |
Common Questions About the CPA Finance Exam
The CPA Finance (exam code FIN) is the exam you pass to earn the Other CPA Certification certification, a credential at the Core Section of CPA Licensure level. It is also connected with related credentials such as Certified Public Accountant (CPA). If you are mapping out a certification path with CPA, this exam is a milestone worth planning around.
The FIN exam includes Approximately 50 MCQs + 7 Task-Based Simulations questions, and you have 240 minutes to complete them. With that many questions on the clock, pacing is part of the challenge: divide your time into rough blocks as you go, and flag the items that stall you so you can circle back at the end instead of burning minutes on a single question. A week or two before your exam date, sit at least one full timed session in the 2Pass4sure test engine under the same time limit, so the pace feels familiar rather than frantic on the day.
You need 75 (scaled 0-99) to pass the FIN exam, and the official registration fee is Varies by jurisdiction (typically around USD 200-300 per section). That fee is due again in full for every retake, which makes thorough preparation the cheaper investment by far. Before you book your seat, test yourself with the 2Pass4sure practice questions until you are scoring comfortably above the passing mark on a consistent basis — it is the simplest way to avoid paying for the same exam twice.
Meet education and eligibility requirements as set by the state board of accountancy; must register and receive Notice to Schedule (NTS)
Eligibility rules can be adjusted by CPA over time, so before you register, confirm the current requirements on the official exam page: view the official FIN exam information.
Yes. 2Pass4sure offers a free PDF demo of the FIN practice questions, so you can judge the quality of the material firsthand before paying anything. Every purchase also includes 365 days of free updates — if CPA changes the exam during that year, your material changes with it. And when the free update period expires, you can extend it at a 50% discount from within your member zone.
Every FIN purchase at 2Pass4sure is backed by a 100% Money Back Guarantee: if you take the corresponding exam within 60 days of your purchase and do not pass, you can apply for a full refund. The guarantee has clear conditions — it does not apply if you sit the exam within 3 days of purchase, if you downloaded the material but never actually took the exam, or to free materials and expired orders, and the candidate name must match the payer name. To file a claim, send a scan of your exam enrollment slip together with your official Score Report PDF within 2 days of the exam; claims are processed within 7 days. If you would rather not take a refund, you can exchange the product instead and receive two additional exam preparation products of equal value for free, while your original product keeps its update service. Delivery itself is instant: your material is available for download right after payment and is also sent to your email within one minute — if it has not arrived within 2 hours, contact our customer service. There is no limit on how many computers you can install it on.
The official CPA Finance outline divides the exam content into 3 main domains. The first three are:
- Select Transactions — 25-35%
- Financial Reporting — 30-40%
- Select Balance Sheet Accounts — 30-40%
That is only the headline view — scroll back up to the Exam Topics section on this page for the complete domain-by-domain breakdown before you plan your study schedule.
CPA Finance Sample Questions:
Question 1
It has been suggested that preference shares have the following attributes:
1.They are secured on the company's assets.
2.They pay a fixed percentage dividend.
3.They rank before creditors in the event of company liquidation.
4.Their dividends are not an allowable expense for taxation purposes.
Which of the above statements are correct?
A. 2 and 4
B. 2 and 3
C. 1 and 3
D. 1 and 2
Question 2
Which of the following best describes the Stock Exchange?
A. Both a primary capital market and a secondary capital market
B. Neither a primary nor a secondary capital market
C. A secondary capital market only
D. A primary capital market only
Question 3
A public listed company has recently declared a dividend of $0.20 per share and maintains a constant dividend payout ratio of 40%. The market value of each share is $4.60 cum div and the nominal value of each share is $4.00.
The company pays 20% tax on its profits.
What is the price earnings ratio (ex div) of the company?
A. 8.8 times
B. 11.0 times
C. 8.0 times
D. 9.2 times
Question 4
The following comments were recently made, relating to methods of issuing shares by a public company:
1.An offer for sale is an invitation to the public to buy shares that are not yet in issue.
2.A placing is an invitation to selected investors to buy either new shares or shares already in issue.
Which ONE of the following combinations (true/false) is correct?
A. Statement 1 = True, Statement 2 = True
B. Statement 1 = False, Statement 2 = False
C. Statement 1 = False, Statement 2 = True
D. Statement 1 = True, Statement 2 = False
Question 5
A company is considering a project for investment which will cost $70,000 now and another $10,000 in year five.
The company has a cost of capital of 8%. The project has the following discounted cash flows:
YearDiscounted Cash Flows $ 123,148 230,007 319,846 414,701
What is its discounted payback period in years and months (to the nearest month)?
A. 3 years, 1 month
B. 3 years, 3 months
C. 2 years, 10 months
D. 3 years, 6 months
Solutions:
| Question 1 Answer: A | Question 2 Answer: A | Question 3 Answer: A | Question 4 Answer: C | Question 5 Answer: C |
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