PocketCPA

Income statement & comprehensive income on the FAR CPA Exam

Income statement & comprehensive income 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 220, ASC 225
Skill levels tested
Remembering, Application

Which standard covers Income statement & comprehensive income on the CPA Exam?

Income statement & comprehensive income is tested against ASC 220 and ASC 225. The wider group FAR.I.A also reaches ASC 205, ASC 210, ASC 230, ASC 235, ASC 275, ASC 505.

At what skill level is Income statement & comprehensive income tested?

Income statement & comprehensive income 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 Income statement & comprehensive income tested outside FAR?

No. Within the current blueprint the literature behind Income statement & comprehensive income is tested in FAR only.

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 Income statement & comprehensive income tested on the CPA Exam?

Income statement & comprehensive income 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.