Guarantees & commitments on the FAR CPA Exam
Guarantees & commitments is tested on the FAR section of the CPA Exam. It is a named topic of blueprint group FAR.III.B, Contingencies & commitments, which sits in FAR Area III, Select Transactions, at 25 to 35% of the section.
- Section
- FAR, Financial Accounting and Reporting
- Area
- FAR.III, Select Transactions, 25 to 35% of the section
- Group
- FAR.III.B, Contingencies & commitments
- Authoritative literature
- ASC 460, ASC 440
- Skill levels tested
- Remembering, Application
Which standard covers Guarantees & commitments on the CPA Exam?
Guarantees & commitments is tested against ASC 460 and ASC 440. The wider group FAR.III.B also reaches ASC 210, ASC 250, ASC 410, ASC 450, ASC 606, ASC 855.
At what skill level is Guarantees & commitments tested?
Guarantees & commitments 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 Guarantees & commitments tested outside FAR?
Yes. The same literature is tested outside FAR: ASC 460 in FAR.II.G (Payables & accrued liabilities); ASC 460 in FAR.III.I (Subsequent events).
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 Guarantees & commitments tested on the CPA Exam?
Guarantees & commitments is tested on the FAR section of the CPA Exam. It is a named topic of blueprint group FAR.III.B, Contingencies & commitments, which sits in FAR Area III, Select Transactions, at 25 to 35% of the section.