Free CPA FAR (Financial Accounting & Reporting) Practice Questions
The entire CPA FAR question bank is free: 1,181 practice questions on GAAP, IFRS, government accounting, and nonprofit reporting, plus task-based simulations (TBS) with cell-fill grading that mirror the AICPA exam format. From FreeFellow, where 'free' is in the brand name. No trial, no signup to browse, no credit card.
1181 Questions
3 Topics
35 Lessons
3 Difficulty Levels
2026 Syllabus
AI-native · Pay less · Access more
Others charge $1,000+. FreeFellow gives you the 70% you need to pass for free.
The full question bank, written solutions, lessons, formula sheet, mixed practice, and readiness tracking for your CPA FAR prep are free forever. No trial period, no credit card. Every lesson ships with AI-narrated audio, and every constructed-response item has a copy-to-AI prompt builder for your own ChatGPT or Claude. Become a Fellow ($59/qtr) only if you want mock exams, flashcards, analytics, AI essay grading, and a personalized study plan.
Everything You Need to Pass
The free tier covers what most candidates need to pass. Fellow ($59/qtr) adds the pacing tools.
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1,181+ Practice QuestionsFREE
Every question includes a detailed, step-by-step solution.
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35 Lessons + AI-Narrated AudioFREE
Every lesson ships with AI-narrated audio — study while you commute or walk.
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Mixed PracticeFREE
Cross-topic sessions to keep recall sharp.
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Readiness TrackingFREE
Pass-probability estimate that sharpens with every session.
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Copy-to-AI Essay PromptsFREE
Structured prompts you paste into your own ChatGPT or Claude for self-graded essay feedback.
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Flashcards & Spaced RepetitionFELLOW
SM-2 review cards for long-term retention.
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Timed Mock ExamsFELLOW
Full-length practice exams weighted to the real blueprint.
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AI Grading for EssaysFELLOW
Instant AI-graded feedback on constructed-response essays using the official rubric.
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Performance AnalyticsFELLOW
Topic-by-topic mastery breakdown with difficulty mix.
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Personalized Study PlanFELLOW
Adapts to your exam date and weakest topics.
What's Free — and What Fellow Unlocks
The 70% of CPA FAR prep you actually need to pass — questions, solutions, lessons, mixed practice, AI-narrated audio, copy-to-AI essay prompts — is free forever. The remaining 30% (mocks, flashcards, analytics, study plan, AI essay grading) unlocks when you become a Fellow. Use the free tier as long as you like.
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Free forever
$0 · no credit card
1,181 practice questions with detailed solutions
35 full lessons with AI-narrated audio
Copy-to-AI essay prompts for your own ChatGPT or Claude
Mixed practice sessions across all topics
Formula sheet and reference materials
Readiness tracking with pass-probability estimates
No paywalls on questions · no trial period · no credit card
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Fellow unlock
$59 / qtr · $149 / yr per track
Timed mock exams with weighted scoring
Spaced-repetition flashcards backed by memory science
Topic-level practice to drill weak areas
Performance analytics by topic and difficulty
AI grading for constructed-response essays vs the official rubric
Personalized study plan that adapts to your exam date
How We Compare Save 90%+
Per-exam pricing across the major prep providers. The FreeFellow core (questions, solutions, lessons) is free forever — the optional Fellow tier is $59 per quarter, roughly 1/20th of what traditional providers charge.
FreeFellow core free
$0 · Fellow $59/qtr
Becker
$2,000–$3,500
Roger CPA
$1,800–$2,600
Traditional providers bundle prep into a single up-front fee. FreeFellow keeps the question bank and lessons free forever and charges only for deeper study tools (mocks, flashcards, analytics). All numbers are competitor list prices as of 2026.
Sample Questions
Question 1
Easy
Under ASC 740, a deferred tax liability arises when:
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Correct Answer: D
Solution
D is correct.
Under ASC 740-10-25, a deferred tax liability (DTL) arises from taxable temporary differences, which occur when an asset's book carrying amount exceeds its tax basis. When the asset is recovered (through depreciation, sale, or use), the excess book amount over tax basis will result in additional taxable income in future periods.
Question 2
Medium
Which of the following sales of an HTM debt security would NOT trigger the tainting rule under ASC 320?
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Correct Answer: B
Solution
B is correct.
ASC 320 carves out a de minimis exception for sales within three months of maturity, because the bond is functionally a cash equivalent at that point. A sale two months before maturity falls within the safe harbor and does not taint the remaining portfolio.
Question 3
Hard
Under ASC 820, which of the following disclosures is required for recurring fair value measurements categorized within Level 3 of the fair value hierarchy but is NOT required for Level 1 or Level 2 measurements?
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Correct Answer: A
Solution
A is correct.
ASC 820-10-50 requires a Level 3 rollforward for recurring fair value measurements: a reconciliation showing beginning balance, total gains or losses (realized and unrealized), purchases, sales, issuances, settlements, and transfers in or out of Level 3. This rollforward is unique to Level 3 because Level 3 inputs are unobservable and warrant the most extensive disclosure.
The other items — asset class, measurement date, and recurring vs nonrecurring designation — are required for all three levels of the hierarchy and therefore do not distinguish Level 3.
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Frequently Asked Questions
How many free CPA FAR practice questions does FreeFellow have?
FreeFellow currently offers 1181 free CPA FAR practice questions across 3 topics, each with a detailed step-by-step solution. Questions span three difficulty levels and are aligned to the 2026 syllabus. The question bank is updated regularly.
What CPA FAR topics are covered?
The questions cover 3 topics: Financial Reporting, Select Balance Sheet Accounts, Select Transactions. Each topic page shows your progress and lets you filter by difficulty level. You can practice by topic to target your weak areas or take mixed-topic practice exams.
Does FreeFellow have CPA FAR study lessons?
Yes. FreeFellow includes 35 comprehensive text lessons for CPA FAR, covering key concepts and worked examples for each topic. Lessons are accessible without an account and are designed to complement question practice.
Is FreeFellow really free for CPA FAR prep, or is there a catch?
No catch. The 70% of CPA FAR prep you actually need to pass is free forever: the full question bank of 1181 practice questions, detailed solutions on every question, 35 lessons, mixed practice, the formula sheet, and readiness tracking. No trial period, no credit card. The remaining 30% (timed mock exams, flashcards with spaced repetition, performance analytics, and a personalized study plan) unlocks when you become a Fellow.
What does the $59 Fellow tier unlock for CPA FAR?
Fellow ($59 per quarter or $149 per year, per track) unlocks four things on top of the free tier: timed mock exams with weighted scoring that match the real exam blueprint, spaced-repetition flashcards built on memory science from cognitive psychology, topic-level practice to drill weak areas, performance analytics broken down by topic and difficulty, and a personalized study plan that adapts to your exam date. Everything else — questions, solutions, lessons — stays free.
How does FreeFellow compare to Becker, Surgent, or Wiley on price?
Traditional CPA FAR prep providers charge $200 to $3,500 for a single exam, paid upfront. FreeFellow keeps the question bank, written solutions, and lessons free forever. The optional Fellow tier is $59 per quarter (about 1/20th of what the big providers charge) and adds mock exams, flashcards, analytics, and a study plan. You can pass CPA FAR entirely on the free tier.
How should I use FreeFellow to study for CPA FAR?
Start with the lessons to build your conceptual foundation, then move to topic-based practice to identify weak areas. As your exam date approaches, switch to timed practice exams under realistic conditions. The free tier gives you everything you need to build mastery; if you want pacing tools (mock exams, analytics, a study plan) and long-term retention aids (spaced-repetition flashcards), become a Fellow.
Does FreeFellow include task-based simulations (TBS) for CPA FAR?
Yes. FreeFellow includes task-based simulations for CPA FAR with cell-fill grading that mirrors the AICPA exam format — supporting documents, journal-entry-style data entry, and per-cell verdicts. TBS are a Fellow feature ($59 per quarter or $149 per year). Task-based simulations make up roughly half of the scaled CPA FAR score, so candidates should practice under realistic exam conditions before sitting.
What is a CPA FAR task-based simulation?
A task-based simulation (TBS) is a multi-part scenario question used on the AICPA CPA exam. Candidates read a stem, review supporting documents (trial balances, contracts, schedules), and fill in cells across one or more sub-items — for example, computing a goodwill calculation in a business combination, or building consolidation entries. CPA FAR contains 7 task-based simulations on the real exam, contributing approximately 50% of the scaled score (AICPA).
Is CPA FAR a core or discipline section?
CPA FAR is one of the three core sections of the CPA exam that all candidates must pass. The other core sections are AUD and REG. Each section requires a score of 75 to pass (AICPA).
What score do you need to pass the CPA exam?
Each CPA exam section requires a minimum score of 75 on a scale of 0 to 99 (AICPA). The passing score is set by the AICPA and applies uniformly to all sections. All four sections must be passed within an 18-month rolling window from the date of the first passing score.
Can I study for the CPA exam while working full time?
Yes. Most CPA candidates study while working full time, typically dedicating 15-20 hours per week per section. Many candidates take one section at a time, spending 6-8 weeks per section. Most candidates complete all four sections in 6 to 12 months.
FreeFellow is an AI-native exam prep platform for actuarial (SOA & CAS), CFA, CFP, CPA, CAIA, GARP FRM, IRS Enrolled Agent, IMA CMA, and FINRA / NASAA securities licensing candidates — built around modern AI as a core capability rather than as a bolt-on. Every lesson ships with AI-narrated audio. Every constructed-response item has a copy-to-AI prompt builder so candidates can paste their answer into their own ChatGPT or Claude for self-graded feedback. Fellow members get instant AI grading on essays against the official rubric (currently CFA Level III, expanding to other essay-bearing sections).
The 70% you need to pass — question bank, written solutions, lessons, formula sheet, mixed practice, readiness tracking — is free forever, with no trial period and no credit card. Become a Fellow ($59/quarter or $149/year per track) to unlock mock exams, flashcards with spaced repetition, performance analytics, AI essay grading, and a personalized study plan.