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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:
| Section | Weight | Objectives |
|---|---|---|
| Revenue, Provisions and Liabilities | 14% | - Revenue from contracts with customers - Provisions, contingent liabilities and assets |
| Income Taxes | 18% | - Tax effects in financial statements - Current and deferred tax calculation |
| Role and Regulatory Framework of Financial Reporting | 15% | - Business entities and reporting obligations - Regulatory environment and standards setting - Conceptual framework and qualitative characteristics |
| Impairment of Assets | 6% | - Impairment indicators and recoverable amount - Impairment testing and recognition |
| Business Combinations and Group Accounting | 20% | - Business combinations and goodwill - Consolidation principles and procedures - Non-controlling interests |
| Presentation of Financial Statements | 15% | - Statement of financial position - Statement of cash flows and notes - Statement of profit or loss and OCI |
| Financial Instruments | 12% | - Classification and measurement - Recognition, derecognition and disclosure |
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