NFP statements & net asset classes on the FAR CPA Exam

NFP statements & net asset classes is tested on the FAR section of the CPA Exam. It is a named topic of blueprint group FAR.I.B, General-purpose financial statements: not-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.B, General-purpose financial statements: not-for-profit entities

Authoritative literature

ASC 958

Skill levels tested

Remembering, Application

Which standard covers NFP statements & net asset classes on the CPA Exam?

NFP statements & net asset classes is tested against ASC 958.

At what skill level is NFP statements & net asset classes tested?

NFP statements & net asset classes 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 NFP statements & net asset classes tested outside FAR?

No. Within the current blueprint the literature behind NFP statements & net asset classes 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 NFP statements & net asset classes tested on the CPA Exam?

NFP statements & net asset classes is tested on the FAR section of the CPA Exam. It is a named topic of blueprint group FAR.I.B, General-purpose financial statements: not-for-profit entities, which sits in FAR Area I, Financial Reporting, at 30 to 40% of the section.