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Admission Test Financial-Accounting-Reporting, also known as the Certified Public Accountant (Financial Accounting & Reporting) Exam, is a comprehensive certification exam designed to test the knowledge and skills of individuals who wish to become certified public accountants in the area of financial accounting and reporting. Financial-Accounting-Reporting exam is one of four exams that individuals must pass in order to become a certified public accountant in the United States.
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Admission Test Financial-Accounting-Reporting Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Financial Reporting | 30-40% | - Conceptual Framework and Standard-Setting - Special Purpose Frameworks - Financial Reporting for Nonprofits - State and Local Government Reporting - General Purpose Financial Statements |
| Select Transactions | 25-35% | - Subsequent Events and Fair Value Disclosures - Fair Value Measurements - Derivatives and Hedge Accounting - Business Combinations and Consolidations - Leases |
| Select Financial Statement Accounts | 30-40% | - Equity - Assets - Liabilities - Expenses and Other Items - Revenue Recognition |
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