CPA FAR Financial Accounting & Reporting Vocabulary Game
Exam terms with clues and explanations by OpenExamPrep.
About the CPA FAR Financial Accounting & Reporting Vocabulary Games
4 free word games built on 20 CPA FAR Financial Accounting & Reporting terms across 14 topics. Every game deals terms at random and shows what each term means, so you can keep playing as long as you like.
How to Play
- 1.Read the clue and type the term (3 to 6 letters).
- 2.Green: right spot. Yellow: wrong spot. Gray: not in the term.
- 3.Solve it in 6 tries, then read the explanation.
- 1.Swap two neighboring tiles to line up 3 of the same term.
- 2.Longer lines, two lines at once and chains score more.
- 3.Play until no swap can make a line.
- 1.Flip two cards. A matching pair stays face up.
- 2.Each pair you find shows what the term means.
- 3.Clear the board in as few moves as you can.
- 1.Find each listed term in the letter grid.
- 2.Drag across its letters: across, down or diagonally.
- 3.Find all five as fast as you can.
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Topics in the CPA FAR Financial Accounting & Reporting Vocabulary Game
Financial reporting
Public company reporting
Charitable reporting
Liquidity
Inventory
Receivables
Ownership
Debt
Lessee accounting
Revenue recognition
Contributions
Measurement
Reporting dates
Deferred balances
Sources for these terms (14)
- FASB Concepts Statement No. 8, Chapter 4—Elements of Financial Statements · Source checked 2026-11-06
- FASB Accounting Standards Update 2016-14—Not-for-Profit Entities (Topic 958) · Source checked 2026-11-06
- FASB Accounting Standards Update 2023-06—Disclosure Improvements · Source checked 2026-11-06
- FASB Accounting Standards Update 2016-15—Statement of Cash Flows (Topic 230) · Source checked 2026-11-06
- FASB Accounting Standards Update 2015-11—Inventory (Topic 330) · Source checked 2026-11-06
- FASB Accounting Standards Update 2016-13—Financial Instruments—Credit Losses (Topic 326) · Source checked 2026-11-06
- Investor.gov Glossary · Source checked 2026-11-06
- FASB Accounting Standards Update 2016-02—Leases (Topic 842) · Source checked 2026-11-06
- FASB Accounting Standards Update 2014-09—Revenue from Contracts with Customers (Topic 606) · Source checked 2026-11-06
- FASB Accounting Standards Update 2018-08—Not-for-Profit Entities (Topic 958) · Source checked 2026-11-06
- FASB Accounting Standards Update 2011-04—Fair Value Measurement (Topic 820) · Source checked 2026-11-06
- FASB Accounting Standards Update 2010-09—Subsequent Events (Topic 855) · Source checked 2026-11-06
- FASB Accounting Standards Update 2015-17—Income Taxes (Topic 740) · Source checked 2026-11-06
- FASB Accounting Standards Update 2011-05—Comprehensive Income (Topic 220) · Source checked 2026-11-06
About the CPA FAR Exam
FAR (Financial Accounting & Reporting) is the most content-heavy core section of the CPA Exam under the CPA Evolution model. The 4-hour exam tests US GAAP financial accounting and reporting in three areas: Area I — Financial Reporting (30-40%), covering for-profit and not-for-profit financial statements (including consolidated statements with wholly-owned subsidiaries and noncontrolling interests), public company reporting such as EPS and SEC filings, special purpose frameworks, state and local government concepts, and ratios; Area II — Select Balance Sheet Accounts (30-40%), covering cash, receivables (CECL), inventory, PP&E, investments, finite-lived intangibles, payables, debt and equity transactions; Area III — Select Transactions (25-35%), covering accounting changes and error corrections, contingencies, revenue recognition (ASC 606 and NFP contributions), income taxes (ASC 740), fair value (ASC 820), lessee accounting (ASC 842) and subsequent events.
Exam sponsor: AICPA / NASBA / Prometric. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.
Questions
57 questions
Time Limit
4 hours
Passing Score
75 (scaled 0-99)
Reported exam pass rate: ~42%. AICPA 2024-2025 cumulative — lowest pass rate of the three CPA core sections This describes exam candidates, not OpenExamPrep users or results from using our resources. Exam sponsor website
Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.
Frequently Asked Questions
Is the FAR vocabulary game free?
Yes. The game is free to play with no sign-up. Signing in adds AI explanations for any term.
How do the FAR vocabulary games work?
There are 4 games built on 20 FAR terms. In Guess the Term, a clue describes one term and you have six tries to spell it, with green, yellow and gray letters showing how close you are. In Term Match, six terms appear as colored tiles; swap neighbors to line up three or more of the same term, and each match shows what the term means. In Term Pairs, twelve face-down cards hide six pairs of terms; flip two at a time to find each pair, and every pair you find shows what the term means. In Term Search, five terms hide in a grid of letters, reading across, down or diagonally; drag across a term to circle it, and each term you find shows what it means.
Where do the FAR terms come from?
OpenExamPrep researched each term from the AICPA / NASBA / Prometric content outline and primary sources, listed under Sources on this page. The game is independent study material, not an official exam resource.
What is the pass rate on the CPA FAR exam?
FAR has the LOWEST pass rate of the three CPA core sections — approximately 42% (AICPA 2024-2025 cumulative). It is widely considered the most content-heavy section. Compare to AUD ~48% and REG ~63%. Many candidates take FAR first to maximize the 30-month rolling credit window in case of a retake.
How is the FAR exam structured?
FAR is 4 hours long with 50 multiple-choice questions delivered in two MCQ testlets and 7 task-based simulations (TBS) delivered in three TBS testlets. The MCQ and TBS portions are weighted 50/50 toward your final scaled score (0-99, with 75 required to pass).