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Importance of CPA Australia FR Exam

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

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

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CPA FR Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Financial Reporting30-40%- Preparation and presentation of financial statements
- Reporting for for-profit, not-for-profit, and governmental entities
- Disclosures and reporting requirements (e.g., segment, interim reporting)
- Conceptual framework and standard-setting
Topic 2: Select Balance Sheet Accounts30-40%- Investments and intangible assets
- Inventory and property, plant, and equipment
- Cash and receivables
- Liabilities and equity accounts
Topic 3: Select Transactions25-35%- Leases and financing transactions
- Income taxes and other transaction types
- Revenue recognition

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