Notes, presentation & required disclosures on the FAR CPA Exam
Notes, presentation & required disclosures 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 235, ASC 205, ASC 275
- Skill levels tested
- Remembering, Application
Which standard covers Notes, presentation & required disclosures on the CPA Exam?
Notes, presentation & required disclosures is tested against ASC 235 and ASC 205 and ASC 275. The wider group FAR.I.A also reaches ASC 210, ASC 220, ASC 230, ASC 505.
At what skill level is Notes, presentation & required disclosures tested?
Notes, presentation & required disclosures 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 Notes, presentation & required disclosures tested outside FAR?
Yes. The same literature is tested outside FAR: ASC 205 in FAR.I.C (Public-company & periodic reporting); ASC 205 in FAR.III.I (Subsequent events); ASC 275 in FAR.I.C (Public-company & periodic reporting).
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 Notes, presentation & required disclosures tested on the CPA Exam?
Notes, presentation & required disclosures 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.