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CPA Australia Financial-Accounting-and-Reporting (CPA Financial Accounting and Reporting) Certification Exam is an internationally recognized certification that measures the competency of accounting professionals in the field of financial accounting and reporting. CPA Australia is a professional accounting organization that represents more than 166,000 members in over 100 countries. The CPA Financial Accounting and Reporting certification exam is one of the core professional qualifications offered by CPA Australia.

Preparing for the CPA Financial Accounting and Reporting Exam requires significant dedication and effort. CPA Australia offers a range of study resources and support to help candidates prepare for the exam. These include study materials, online courses, and practice exams. Additionally, candidates can also join study groups and attend webinars to interact with other candidates and industry experts. Passing the CPA Financial Accounting and Reporting Exam is a crucial step towards becoming a successful accountant and achieving professional recognition in the field.

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

SectionWeightObjectives
Topic 1: Presentation of Financial Statements15%- Statement of profit or loss and OCI
- Statement of financial position
- Statement of cash flows and notes
Topic 2: Financial Instruments12%- Recognition, derecognition and disclosure
- Classification and measurement
Topic 3: Role and Regulatory Framework of Financial Reporting15%- Business entities and reporting obligations
- Regulatory environment and standards setting
- Conceptual framework and qualitative characteristics
Topic 4: Business Combinations and Group Accounting20%- Business combinations and goodwill
- Consolidation principles and procedures
- Non-controlling interests
Topic 5: Revenue, Provisions and Liabilities14%- Provisions, contingent liabilities and assets
- Revenue from contracts with customers
Topic 6: Income Taxes18%- Current and deferred tax calculation
- Tax effects in financial statements
Topic 7: Impairment of Assets6%- Impairment indicators and recoverable amount
- Impairment testing and recognition

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