FAR covers the most information out of any exam section. It tackles the entire topics of financial accounting and reporting. This includes the FASB framework, financial statement preparation, US GAAP rules, and IFRS rules. Here is the content covered on FAR along with the percentages they make up on the exam.
|Area 1||Conceptual Framework, Standard setting and Financial Reporting||25-35%|
|Area 2||Select Financial Statement Accounts||30-40%|
|Area 3||Select Transactions||20-30%|
|Area 4||State and Local Governments||5-15%|