CPA Financial Reporting : FR

  • Exam Code: FR
  • Exam Name: Financial Reporting
  • Updated: Aug 11, 2026     Q & A: 80 Questions and Answers

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CPA FR Exam Syllabus Topics:

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

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