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CPA Australia Financial-Accounting-and-Reporting valid exam - in .pdf Free Demo

  • Exam Code: Financial-Accounting-and-Reporting
  • Exam Name: CPA Financial Accounting and Reporting Exam
  • Last Updated: Oct 27, 2026
  • Q & A: 100 Questions and Answers
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  • Exam Code: Financial-Accounting-and-Reporting
  • Exam Name: CPA Financial Accounting and Reporting Exam
  • Last Updated: Oct 27, 2026
  • Q & A: 100 Questions and Answers
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The CPA Financial Accounting and Reporting Exam consists of two sections: the Financial Accounting and Reporting section and the Professional Ethics and Governance section. The Financial Accounting and Reporting section focuses on the application of accounting standards and principles, financial statement preparation and analysis, and the interpretation of financial data. The Professional Ethics and Governance section covers the ethical and legal responsibilities of accountants, corporate governance, and the regulatory environment.

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The CPA Financial Accounting and Reporting Certification Exam is a computer-based test that is conducted by CPA Australia. Financial-Accounting-and-Reporting exam consists of multiple-choice questions that are designed to test the candidate's knowledge and understanding of financial accounting and reporting. Financial-Accounting-and-Reporting exam is divided into two parts, with each part consisting of three hours of testing time.

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CPA Australia Financial-Accounting-and-Reporting Exam Syllabus Topics:

SectionWeightObjectives
Business combinations13%- Impairment and journal entries
- Non-controlling interest and control concepts
- Goodwill measurement and disclosure
- Consolidated financial statements
- Accounting issues for business combinations
Application of specific accounting standards22%- Intangible assets and journal entries
- Current and deferred income tax accounting
- Revenue recognition and ledger reconciliation
- Foreign currency transactions and translation
The accounting theory15%- Historical cost vs other valuation methods
- Recognition criteria per conceptual framework
- Agency and contracting theories
Financial statements15%- Statement of cash flows
- Discrepancy detection and correction
- Statement of profit or loss and other comprehensive income
- Statement of financial position
Analysis of financial statements10%- Limitations of financial statement analysis
- Financial ratio calculation and interpretation
The financial reporting environment25%- Role of International Accounting Standards Board
- Types of business entity and structure
- Users and developments impacting reporting
- Accounting standards and policies
- Conceptual framework and elements of financial statements
- Regulatory environment and reporting requirements
- Accounting regulation and GAAP/IFRS

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