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CPA Australia Financial-Accounting-and-Reporting exam is designed to test the knowledge of finance and accounting professionals in the field of financial accounting and reporting. Financial-Accounting-and-Reporting exam is one of the four compulsory exams that are required to become a CPA (Certified Public Accountant) in Australia. Financial-Accounting-and-Reporting exam is designed to evaluate the candidate's knowledge of financial accounting, financial reporting, and related topics.
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CPA Australia Financial-Accounting-and-Reporting Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Revenue, Provisions and Liabilities | 14% | - Revenue from contracts with customers - Provisions, contingent liabilities and assets |
| Business Combinations and Group Accounting | 20% | - Business combinations and goodwill - Consolidation principles and procedures - Non-controlling interests |
| Role and Regulatory Framework of Financial Reporting | 15% | - Conceptual framework and qualitative characteristics - Business entities and reporting obligations - Regulatory environment and standards setting |
| Presentation of Financial Statements | 15% | - Statement of cash flows and notes - Statement of profit or loss and OCI - Statement of financial position |
| Impairment of Assets | 6% | - Impairment indicators and recoverable amount - Impairment testing and recognition |
| Financial Instruments | 12% | - Recognition, derecognition and disclosure - Classification and measurement |
| Income Taxes | 18% | - Current and deferred tax calculation - Tax effects in financial statements |






