Certified Public Accountant - Financial Accounting
- Product Code: cpa-financial
- Exam Questions: 157
- Vendor: aicpa
$9.99
$12.99- Updated At: Nov 14, 2024
Certified Public Accountant - Financial Accounting
The Certified Public Accountant - Financial Accounting (CPAF) certification is designed to demonstrate a candidate"s expertise in financial accounting. It focuses on the preparation, reporting, and analysis of financial information.
Focus
The Certified Public Accountant - Financial Accounting certification focuses on Financial Accounting
Exam Duration
The Certified Public Accountant - Financial Accounting exam duration is 4 hours 0 minutes
Num of Question
The exam contains a total of 72 Multiple-Choice Questions
Exam Fee
The exam fee is $155-$210.
Exam Validity
The CCRN-Pediatric certification is valid for lifetime.
Prior Certification
- Not required
Exam Format
The Certified Public Accountant - Financial Accounting exam is a Multiple-Choice, Task-Based Simulations, and a section of SIC, writing a 3 to 4 page paper
Passing Conditions
To pass Certified Public Accountant - Financial Accounting exam, applicants must achieve a minimum score of Pass 51 items from 72 questions and pass the Writing based on Professional judgments test.
Who Should Take
The statement describes the target audience for a certification or exam
- CPAs
- Accounting professionals
- Financial analysts
- Financial executives
- Finance professionals
Prerequisites
Not required
Or can substitute with certifications:
- Bachelor"s degree in accounting or related field
- 150 semester hours of college credit (through a combination of a degree and a postgraduate degree, courses may be used to meet the requirements)
- Valid Certified Internal Auditor (CIA) credential
Certification Process
- Register for the exam through a vendor-approved testing center or online platform
- Schedule the exam at a testing center or online proctored session
- Take the exam and score 51 out of 72 questions plus gain a pass grade on the Writing based on Professional judgments test
- Maintain certification by meeting continuing professional education (CPE) requirements
Domains with Weights
- Financial Accounting Concepts and Principles (14%): Understanding financial accounting concepts and principles is crucial for the effective preparation and reporting of financial information.
- Accounting Standards and Regulation (17%): Knowledge of accounting standards and regulations is essential for ensuring the accuracy and integrity of financial information.
- Financial Statement Preparation and Presentation (27%): Understanding how to prepare and present financial statements is critical for making informed business decisions.
- Business Analysis and Modeling (15%): Applying business analysis and modeling techniques is essential for making informed business decisions based on financial information.
- Financial Reporting and Analysis (17%): Understanding how to analyze and interpret financial information is critical for making informed business decisions.
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