FAR is free · AICPA 2026 Blueprint · 35 topics

Practice into mastery.

Praxlo teaches the CPA exam the way a great tutor does — one focused question at a time, listening to how you reason, and bringing concepts back right before you'd forget them.

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Lessee accounting

FAR III.F · AI Tutor

Socratic mode
A lessee signs a 5-year equipment lease. The equipment's economic life is 6 years. Before we measure anything — which classification criterion does that fact speak to?
The lease term test. 5 of 6 years is a major part of the life, so finance lease.
Right criterion, and right reasoning: 5 ÷ 6 ≈ 83%, above the common 75% benchmark. Next: the rate implicit in the lease isn't readily determinable. What discount rate do you use?
Explain your reasoning…

The approach

Teaching, not quiz generation.

Every session is built from your learning profile: what you've mastered, what you keep missing, and how long it's been since you last recalled it correctly.

  1. 01

    Find the gap

    Praxlo starts with what you actually know, using assessed answers — not guesses or self-ratings.

  2. 02

    One question at a time

    The tutor asks a single focused question and waits. Your explanation matters as much as your answer.

  3. 03

    Fix the misconception

    Wrong answers are diagnosed to the specific misunderstanding, then explained with the calculation.

  4. 04

    Return before you forget

    Weak concepts come back sooner. Mastered ones space out. No endless repetition of what you know.

Three ways to practice

Built around the real exam.

Multiple-choice practice

Practice mode with hints and instant explanations, or exam mode with explanations at the end.

FAR II.C · Inventory · Application

Under a periodic system, beginning inventory is $40,000, purchases are $160,000, and the year-end count is $30,000. What is cost of goods sold?

  • A $150,000
  • B $170,000
  • C $190,000
  • D $200,000

Why: goods available $200,000 ($40,000 + $160,000) less ending inventory $30,000 = $170,000.

Task-based simulations

Exhibits, journal-entry grids and worksheets, with partial credit by part.

Lease commencement · 5 annual payments of $10,000 in arrears · 5% discount rate
AccountDebitCredit
Right-of-use asset43,295—
Lease liability—43,295
Part 2 of 4 · Initial measurement2 / 2 cells correct
Master Tutor

One tutor that sees your whole FAR picture.

It reads a structured profile of your mastery, recurring mistakes and review timing across every topic — then decides whether to teach something new, run a quick check, reteach, or schedule it for later.

Example of a session opener

“You've shown solid understanding of trade receivables, but you're still missing questions on finance lease measurement. Let's work on one of those.”

Honest progress

Three numbers, kept separate.

Concept mastery

0–100 per concept and topic, from assessed answers, reasoning quality, difficulty, later recall and simulations — with a confidence level.

Curriculum coverage

How much of the official FAR blueprint you've actually been assessed on. Untouched topics read “Not assessed”.

Estimated readiness

An internal study metric. It is not a probability of passing — that requires calibration against real exam outcomes.

Courses

FAR is free. More is coming.

The full FAR course is free for registered students during launch. Other sections will follow.

  • FARFree now

    Financial Accounting and Reporting

    core section

  • AUDComing later

    Auditing and Attestation

    core section

  • REGComing later

    Taxation and Regulation

    core section

  • BARComing later

    Business Analysis and Reporting

    discipline section

  • ISCComing later

    Information Systems and Controls

    discipline section

  • TCPComing later

    Tax Compliance and Planning

    discipline section

Start where you are.

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