CPA FR : Financial Reporting

FR real exams

Exam Code: FR

Exam Name: Financial Reporting

Updated: Aug 22, 2026

Q & A: 80 Questions and Answers

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Exam Contents

CPA FR Exam Syllabus Topics:

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

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