Balance sheet / statement of financial position on the FAR CPA Exam
Balance sheet / statement of financial position is tested on the FAR section of the CPA Exam. It is a named topic of blueprint group FAR.I.A, General-purpose financial statements: for-profit entities, which sits in FAR Area I, Financial Reporting, at 30 to 40% of the section.
- Section
- FAR, Financial Accounting and Reporting
- Area
- FAR.I, Financial Reporting, 30 to 40% of the section
- Group
- FAR.I.A, General-purpose financial statements: for-profit entities
- Authoritative literature
- ASC 210
- Skill levels tested
- Remembering, Application
Which standard covers Balance sheet / statement of financial position on the CPA Exam?
Balance sheet / statement of financial position is tested against ASC 210. The wider group FAR.I.A also reaches ASC 205, ASC 220, ASC 230, ASC 235, ASC 275, ASC 505.
At what skill level is Balance sheet / statement of financial position tested?
Balance sheet / statement of financial position is tested at 2 skill levels: Remembering (recall and understanding, which is multiple choice territory), Application (applying a rule to a fact pattern, which is where most simulations sit).
Is Balance sheet / statement of financial position tested outside FAR?
Yes. The same literature is tested outside FAR: ASC 210 in FAR.II.A (Cash & cash equivalents); ASC 210 in FAR.III.B (Contingencies & commitments); ASC 210 in BAR.I.A (Current period/historical analysis, including the use of data); ASC 210 in BAR.I.B (Prospective analysis, including the use of data); ASC 210 in BAR.II.G (Consolidated financial statements); ASC 210 in BAR.II.H (Derivatives and hedge accounting); ASC 210 in BAR.III.C (Typical items and specific types of transactions and events: measurement, valuation, calculation and presentation).
Area, group, topic, standard and skill levels are the AICPA published blueprint. Pass rates are the AICPA published candidate pass rates for 2026 through Q2, read from AICPA & CIMA on 2026-08-17. The AICPA publishes them quarterly. Where the same standard is tested outside FAR is PocketCPA's own mapping.
Every FAR blueprint area, group and topic · Which standards the CPA Exam tests · FAR pass rate and format
Common questions
Is Balance sheet / statement of financial position tested on the CPA Exam?
Balance sheet / statement of financial position is tested on the FAR section of the CPA Exam. It is a named topic of blueprint group FAR.I.A, General-purpose financial statements: for-profit entities, which sits in FAR Area I, Financial Reporting, at 30 to 40% of the section.