CPA FR Valid Test : Financial Reporting

  • Exam Code: FR
  • Exam Name: Financial Reporting
  • Updated: Sep 06, 2026
  • Q&As: 80 Questions and Answers

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CPA FR Exam Syllabus Topics:

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

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