What are the changes in the 2015 FAR exam? Please be specific.

Updated on educate 2024-05-18
6 answers
  1. Anonymous users2024-02-10

    Changes to the FRM exam in 2015.

    Use of company standard.

    2.Accordingly, exercises have been added to the presentation requirements for Development Stage Company in both Module and Module 11.

    3.discontinued operation.

    FRM (Financial Risk Manager) is the top authoritative international qualification in the field of global financial risk management, established by the Global Association of Risk Professionals (GARP) in the United States.

    GARP is one of the world's largest financial associations with 150,000 members from more than 195 countries, serving more than 5,000 banks, companies, academic and research institutions, management institutions, asset management institutions, insurance companies and non-financial companies. Its main function is to raise standards in the field of financial risk management worldwide through the exchange of information and the implementation of educational programs.

  2. Anonymous users2024-02-09

    1.Use of Private Company Standard2Accordingly, Exercise 3 has been added to both Module and Module 11 in the presentation requirements of the Development Stage Company

    Definition of discontinued operation.

  3. Anonymous users2024-02-08

    1.Use of Private Company Standard.

    2.Accordingly, exercises have been added to the presentation requirements for Development Stage Company in both Module and Module 11.

    3.Definition of discontinued operation.

  4. Anonymous users2024-02-07

    I do a task, and I don't know what changes in the exam, so thank you for your understanding.

  5. Anonymous users2024-02-06

    far (financial accounting & reporting)Financial Accounting and Reporting is an examination subject in the AICPA exam, and the content of the exam is subject to US Generally Accepted Accounting Principles (US GAAP), including the knowledge of financial accounting introduction, standards and applications applicable to general enterprises, and is not applicable to public institutions and departments. AICPA candidates need to master the following points:

    1.Preparation of financial statements (the presentation of ledgers and data presentation in the financial statements).

    2.Master various methods of financial accounting and reporting.

    3.Business computing jobs (e.g. **).

    4.Ability to understand and analyze what is reflected in financial statements.

    5.Draw your own conclusions from the financial statements and survey results.

    6.Format of the Financial Accounting & Reporting exam.

    U.S. CPA Exam Subjects: The FAR (Financial Accounting and Reporting) exam lasts for 4 hours, with 3 multiple-choice groups (90 questions) and 1 mock case set (7 questions), and like other exam subjects, the FAR exam requires you to reserve a seat at a Prometric center and then take the computer-based test.

    The focus of the FAR exam.

    The FAR exam is long and covers a wide range of content. Mr. Shelly of the USCPA Research Institute of Gordon Finance gave the main content and weight of the FAR exam

    conceptual framework, standards, standard setting, and presentation of financial statements (17%-23%)

    financial statement accountants: recognition, measurement, valuation, calculation, presentation, and disclosures (27%-33%)

    specific transactions, events and disclosures: recognition, measurement, valuation, calculation, presentation, and disclosures (27%-33%)

    governmental accounting and reporting (8%-12%)

    not-for-profit (non-governmental) accounting and reporting (8%-12%)

  6. Anonymous users2024-02-05

    Hello classmates, I'm glad to answer for you!

    1.Use of Private Company Standard.

    The Private Company Standard is an accounting standard that specifically addresses private companies (as opposed to public companies).

    2.Accordingly, exercises have been added to the presentation requirements for Development Stage Company in both Module and Module 11.

    The presentation requirements are described in both Module (2015 Textbook P 157) and Module 11 (2015 Textbook P 291), both of which are very similar. Correspondingly, the title of the module has also been adjusted.

    3.Definition of discontinued operation.

    Module (2015 Edition Textbook P 148) rephrases the definition of discontinued operation to make it more distinct from infrequent or unusual transaction.

    Hope Gordon Online School.

    Gordon wishes you a happy life!

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