CPA FR : Financial Reporting

  • Exam Code: FR
  • Exam Name: Financial Reporting
  • Updated: Jul 25, 2026
  • Q & A: 80 Questions and Answers

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CPA FR Exam Syllabus Topics:

SectionObjectives
Topic 1: Financial Reporting Framework- Conceptual Framework for Financial Reporting
  • 1. Elements of financial statements
    • 2. Qualitative characteristics of financial information
      • 3. Recognition and measurement concepts
        Topic 2: Financial Statements Preparation- Preparation of financial statements
        • 1. Statement of financial position
          • 2. Statement of profit or loss and other comprehensive income
            • 3. Statement of cash flows basics
              Topic 3: Analysis and Interpretation- Financial statement analysis
              • 1. Ratio analysis
                • 2. Performance interpretation
                  Topic 4: Group Financial Statements- Consolidation
                  • 1. Preparation of consolidated financial statements
                    • 2. Intra-group transactions elimination
                      • 3. Goodwill calculation and impairment
                        Topic 5: International Financial Reporting Standards (IFRS)- IAS/IFRS Application
                        • 1. IAS 37 Provisions, Contingent Liabilities and Contingent Assets
                          • 2. IAS 38 Intangible Assets
                            • 3. IAS 16 Property, Plant and Equipment
                              • 4. IFRS 15 Revenue from Contracts with Customers
                                • 5. IFRS 16 Leases

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