CPA FR exam : Financial Reporting

FR Exam Simulator
  • Exam Code: FR
  • Exam Name: Financial Reporting
  • Updated: Sep 02, 2026
  • Q & A: 80 Questions and Answers

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CPA FR exam simulator

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What is the duration, language, and format of the CPA Australia FR Exam

  • Each component has a passing score of 75
  • Exam duration: 16 hours in total
  • Exam language: English
  • Formats: Multiple choice, task-based, communication tasks

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CPA FR Exam Syllabus Topics:

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

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