- Exam Code: FR
- Exam Name: Financial Reporting
- Certification Provider: CPA
- Corresponding Certification:Certified Public Accountant
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Introduction to CPA Australia FR Exam
CPA Australia FR exam is conducted by the Chartered Accountants Australia. It is a practical exam, which focuses on real-life scenarios. It is conducted in multiple-choice format, which allows the candidates to select the correct answer to each question. Houle is a tool for all those who want to download and deploy Java-based applications on their local system. It is a simple yet powerful program that allows you to rapidly develop and deploy those applications with ease. PSPY is a leading brand of Android phones. Temps is an all-inclusive application that combines multiple useful programs in one. It includes an SMS tracker, a dictionary, and much more. Navicat is the topmost tool that you need to ensure that your local database with MySQL or MariaDB has no issues. Modern Drill is a utility that allows you to create a bootable USB flash drive from a Windows installation disk. It is fully compatible with all the versions of Windows, and also works with both x86 and x64 architectures. Savings Maximizer is a free application for all those who are willing to manage their finances. It allows you to track your expenditures and also helps you in saving money. The secondary is an app that allows you to easily log in to multiple accounts on your phone, at the same time. You can even send messages from any one of them. Freckles is a simple yet powerful tool for creating animated GIFs in Windows. Soros is an innovative tool that helps you to sort and categorize your images and videos.
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How to study the CPA Australia FR Exam
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For more info read reference
CPA FR Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Select Balance Sheet Accounts | 30–40 | - Inventory and Property, Plant & Equipment - Cash, Receivables, and Investments - Liabilities, Debt, and Equity - Intangible Assets and Goodwill - Fair Value Measurements |
| Topic 2: Financial Reporting | 30–40 | - Financial Statement Analysis and Ratios - Conceptual Framework and Standard-Setting - Public Company Reporting and SEC Requirements - State and Local Governmental Accounting - General-Purpose Financial Statements – Not-for-Profit Entities - General-Purpose Financial Statements – For-Profit Entities |
| Topic 3: Select Transactions | 25–35 | - Derivatives, Hedging, and Foreign Currency - Income Taxes (ASC 740) - Accounting Changes and Error Corrections - Revenue Recognition (ASC 606) - Business Combinations and Consolidations - Leases (ASC 842) |
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