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What is the duration, language, and format of the CPA Australia FR Exam
- Exam duration: 16 hours in total
- Formats: Multiple choice, task-based, communication tasks
- Exam language: English
- Each component has a passing score of 75
Introduction to CPA Australia FR Exam
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CPA FR Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Select Balance Sheet Accounts | 30-40% | - Cash and receivables - Inventory and property, plant, and equipment - Liabilities and equity accounts - Investments and intangible assets |
| Select Transactions | 25-35% | - Revenue recognition - Leases and financing transactions - Income taxes and other transaction types |
| Financial Reporting | 30-40% | - Conceptual framework and standard-setting - Preparation and presentation of financial statements - Disclosures and reporting requirements (e.g., segment, interim reporting) - Reporting for for-profit, not-for-profit, and governmental entities |
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