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CPA Australia Financial-Accounting-and-Reporting (CPA Financial Accounting and Reporting) Exam is an important certification exam for those who are interested in pursuing a career in accounting and finance. Financial-Accounting-and-Reporting exam is designed to test the candidate's knowledge and skills in financial accounting and reporting, which are essential for any accounting professional. Financial-Accounting-and-Reporting exam covers a wide range of topics, including financial statements, accounting standards, and auditing procedures.

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

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

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