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Certified Public Accountant – Financial Accounting and Reporting (FAR)

Course Overview

The CPA designation provides assurance to the public, the government, and the business community that CPA licensees have obtained the education and relevant work experience necessary to perform specialized accounting, auditing, and reporting services within a strict code of professional ethics.

The FAR section tests on the financial reporting framework issued by several standard-setters—including FASB, IASB, U.S. SEC, and the GASB. Task-based skill testing is performed, including an opportunity to demonstrate knowledge of different standards by comparing respective financial statements.

Prerequisites

To qualify for the CPA Exam as an international candidate, you need to meet educational and other requirements specific to the state or jurisdiction in which you intend to be licensed to practice.

Most states require that you have a bachelor’s degree before you sit for the exam. However, some states require that you have 150 hours of coursework (the equivalent of a Master’s degree) before you qualify to sit.

Benefits
  • Globally recognized certification
  • Higher Income
  • More Job Opportunities
  • Commitment to ethics and professionalism
  • Increased Skills and Abilities
Exam Format

The 4 exam sections take on a wide range of topics within these areas. The exam sections also include 2 different question types: multiple-choice (MCQs) and task-based simulations (TBSs). The exam presents dozens of these questions in a total of 5 testlet, all of which you must complete in 4 hours.

  • Testlet 1: 33 MCQs
  • Testlet 2: 33 MCQs
  • Testlet 3: 2 TBSs
  • Testlet 4: 3 TBSs
  • Testlet 5: 3 TBSs
Exam Syllabus
  • Conceptual Framework, Standard-Setting, and Financial Reporting: 25-35%
  • Select Financial Statement Accounts: 30-40%
  • Select Transactions: 20-30%
  • State and Local Governments: 5-15%
Exam Date
  • January 1 to March 10
  • April 1 to June 10
  • July 1 to September 10
  • October 1 to December 10
Training Method

Live Weekly Classroom and review sessions with direct feedback from trainers

Training Details
  • Training Dates: TBA (2 months)
  • Training Days: 2 days/week
  • Training Timing: 5:00 PM-9:00 PM
  • Training Language: 50% English 50% Arabic
  • Material Language: English
  • Training Venue: In house or 5 Star hotel
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