The 2020 CPA Exam changes will be effective on the CPA Exam starting January 1, 2020. There have been major changes to the FAR section of the Exam, most notably around Financial Instruments – Credit Losses. The changes in Financial Instruments – Credit Losses are complex. That’s why our CPA Experts recommend sitting for FAR before the end of the year to avoid these significant changes within the Exam.
Below is a sample question that could be asked on the new FAR Exam. Are you able to answer the question?
1. Data regarding Ball Corp.’s available-for-sale debt securities follow:
Ball does not elect the fair value option to account for available-for-sale securities. Ball’s year 3 other comprehensive income would be
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