CPA FR : Financial Reporting

  • Exam Code: FR
  • Exam Name: Financial Reporting
  • Updated: Jul 19, 2026   Q&As: 80 Questions and Answers

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CPA Australia FR Exam Guide

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CPA FR Exam Syllabus Topics:
SectionWeightObjectives
Topic 1: Financial Reporting30–40- Conceptual Framework and Standard-Setting
- General-Purpose Financial Statements – Not-for-Profit Entities
- General-Purpose Financial Statements – For-Profit Entities
- State and Local Governmental Accounting
- Financial Statement Analysis and Ratios
- Public Company Reporting and SEC Requirements
Topic 2: Select Balance Sheet Accounts30–40- Intangible Assets and Goodwill
- Liabilities, Debt, and Equity
- Fair Value Measurements
- Cash, Receivables, and Investments
- Inventory and Property, Plant & Equipment
Topic 3: Select Transactions25–35- Accounting Changes and Error Corrections
- Leases (ASC 842)
- Revenue Recognition (ASC 606)
- Derivatives, Hedging, and Foreign Currency
- Business Combinations and Consolidations
- Income Taxes (ASC 740)

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