CPA FR : Financial Reporting

FR real exams

Exam Code: FR

Exam Name: Financial Reporting

Updated: Aug 25, 2026

Q & A: 80 Questions and Answers

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

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

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CPA FR Exam Syllabus Topics:

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

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