Preparing for the CPA Finance exam while holding down a job leaves little room for wasted effort. LatestCram condenses 80 carefully verified practice questions into a focused FIN study package, so every hour you invest actually moves you toward a passing score.
CPA FIN Exam Overview:
| Certification Vendor: | American Institute of Certified Public Accountants (AICPA) |
|---|---|
| Exam Name: | Financial Accounting and Reporting (FAR) |
| Exam Number: | FAR |
| Exam Format: | Computer-Based Test, Task-Based Simulations (TBSs), Multiple-Choice Questions (MCQs) |
| Real Exam Qty: | Approximately 50 MCQs + 7 Task-Based Simulations |
| Exam Price: | Varies by jurisdiction (typically around USD 200-300 per section) |
| Exam Duration: | 240 minutes |
| Passing Score: | 75 (scaled 0-99) |
| Related Certifications: | Certified Public Accountant (CPA) |
| Certificate Validity Period: | Credits valid for 30 months after first passed section |
| Available Languages: | English |
| Sample Questions: |  |
| 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% | - Inventory and long-lived assets - Investments and intangible assets - Cash and receivables |
| Financial Reporting | 30-40% | - Notes to financial statements and disclosure requirements - Conceptual framework and GAAP principles - Preparing and presenting complete financial statements |
| Select Transactions | 25-35% | - Revenue recognition - Income taxes and stock compensation - Leases and debt transactions |
CPA FIN Exam: Everything You Wanted to Ask
The FIN exam is the official CPA exam for CPA Finance. Passing it earns you the Other CPA Certification credential, which sits at the Core Section of CPA Licensure level. It is also connected to Certified Public Accountant (CPA), so what you learn carries over if you plan to pursue those paths as well. Employers treat the certification as verified proof of skill, which is why structured preparation with LatestCram's practice questions pays off.
The FIN exam contains Approximately 50 MCQs + 7 Task-Based Simulations questions, and the time limit is 240 minutes. Translate that into a pacing plan before exam day: know roughly how long you can afford per item, flag anything that stalls you, and circle back at the end instead of burning minutes. Two or three full timed sessions in LatestCram's test engine will teach you that rhythm far better than untimed reading ever will.
The passing score for the FIN exam is 75 (scaled 0-99), and the official registration fee is Varies by jurisdiction (typically around USD 200-300 per section). Remember that a failed attempt means paying that fee again in full for a retake, so treat self-assessment as part of the budget: run LatestCram's practice questions under timed conditions and only book your seat once your scores sit comfortably above the passing bar.
Meet education and eligibility requirements as set by the state board of accountancy; must register and receive Notice to Schedule (NTS) Eligibility details can change, so before you register, confirm the current requirements on the official exam page: https://www.aicpa-cima.com/resources/toolkit/cpa-exam.
Yes. LatestCram offers a free PDF demo of the CPA Finance practice questions on the samples page, so you can judge the format and quality yourself before paying anything. Every purchase also includes 365 days of free updates, and after the product expires you can extend the update service at a 50% discount from within your member zone.
If you take the corresponding exam within 60 days of purchase and do not pass, LatestCram backs you with a 100% money-back guarantee. To claim it, submit a scanned copy of your exam enrollment slip together with your official Score Report PDF within 2 days of the exam, and the refund is processed within 7 days. The guarantee does not apply to attempts made within the first 3 days after purchase, to products downloaded without actually sitting the exam, or to free materials and expired orders, and the candidate name must match the payer's name. If you would rather have study material than money, you can instead exchange for two additional exam products of equal value, free of charge, while keeping the update service on your original purchase. Delivery itself is instant: your download is available right after payment and a copy reaches your mailbox within one minute — if nothing arrives within 2 hours, contact customer service. You may install the product on as many computers as you need.
The official CPA Finance blueprint is organized into 3 domains. The leading areas are:
- Select Balance Sheet Accounts — 30-40% of the exam
- Select Transactions — 25-35% of the exam
- Financial Reporting — 30-40% of the exam
For the complete domain-by-domain breakdown with every subtopic, see the Exam Topics outline above.
CPA Finance Sample Questions:
Aludra Co has $450 million loan notes in issue that pay an annual fixed rate of interest of 6.3%. The directors of the company have recently decided to change this fixed rate for a floating rate of interest. A bank has offered a swap agreement whereby the bank pays a fixed rate of interest of 5.8% and receives LIBOR in return.
Assuming LIBOR is 5.4% for the first year of the swap agreement, what will be the percentage borrowing cost for Aludra Co?
- A. 5*9%
- B. 5*4%
- C. 6*7%
- D. 5*8%
Correct Answer: A 🗳️
Pindar Co is an airport operator that is quoted on the Stock Exchange. Recently, the board of directors agreed to change the company's depreciation policy concerning airport runways. In future, these assets will be written off over 100 years rather than 50 years. This change is solely designed to increase reported profits over the next 50 years and thereby create a better impression to investors of company performance.
What is the maximum level of market efficiency that the board of directors is assuming to be consistent with suchbehavior?
- A. No form of efficiency
- B. Semi-strong form of efficiency
- C. Strong-form of efficiency
- D. Weak-form of efficiency
Correct Answer: D 🗳️
When projects are appraised using discounted cash flow methods, two approaches to dealing with inflation could be used. These are:
1.To exclude inflation from the estimated future cash flows and to apply a discount rate based on the money cost of capital.
2.To include inflation in the estimated future cash flows and to apply a discount based on the real cost of capital.
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 = True, Statement 2 = False
- D. Statement 1 = False, Statement 2 = True
Correct Answer: B 🗳️
The following statements about stock market ratios have been made:
1)The dividend yield is the annual dividend received by a shareholder expressed as a percentage of the share price.
2)The price earnings ratio is the ratio of the market value of a company's shares over the earnings from those shares.
3)The earnings per share is the profit for the year attributable to ordinary and preference shareholders, after tax has been paid.
Which of the above statements is correct?
- A. 2 and 3 only
- B. 1 and 2 only
- C. 1, 2 and 3
- D. 1 and 3 only
Correct Answer: B 🗳️
Consider the following types of financial instruments:
1.Equity shares
2.Forward interest rate agreements
3.Convertible bonds
4.Cash deposits
Which of the above are regarded as primary financial instruments?
- A. 3 and 4
- B. 1 and 4
- C. 1 and 2
- D. 2 and 3
Correct Answer: B 🗳️
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