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CPA Financial Reporting : FR

FR

Exam Code: FR

Exam Name: Financial Reporting

Updated: Aug 08, 2026

Q & A: 80 Questions and Answers

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About CPA Financial Reporting certification

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Exam Contents

Three versions

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Importance of CPA Australia FR Exam

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CPA FR Exam Syllabus Topics:

SectionObjectives
Financial Reporting Framework- Conceptual Framework for Financial Reporting
  • 1. Qualitative characteristics of financial information
    • 2. Recognition and measurement concepts
      • 3. Elements of financial statements
        Group Financial Statements- Consolidation
        • 1. Preparation of consolidated financial statements
          • 2. Goodwill calculation and impairment
            • 3. Intra-group transactions elimination
              Analysis and Interpretation- Financial statement analysis
              • 1. Ratio analysis
                • 2. Performance interpretation
                  Financial Statements Preparation- Preparation of financial statements
                  • 1. Statement of financial position
                    • 2. Statement of cash flows basics
                      • 3. Statement of profit or loss and other comprehensive income
                        International Financial Reporting Standards (IFRS)- IAS/IFRS Application
                        • 1. IFRS 16 Leases
                          • 2. IFRS 15 Revenue from Contracts with Customers
                            • 3. IAS 38 Intangible Assets
                              • 4. IAS 37 Provisions, Contingent Liabilities and Contingent Assets
                                • 5. IAS 16 Property, Plant and Equipment

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