- Exam Code: FR
- Exam Name: Financial Reporting
- Updated: Aug 17, 2026
- Q & A: 80 Questions and Answers
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A single part of this exam costs around USD 200, and all four portions cost about USD 800, depending on the state.
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| Section | Weight | Objectives |
|---|---|---|
| Financial Reporting | 30-40% | - Reporting for for-profit, not-for-profit, and governmental entities - Conceptual framework and standard-setting - Disclosures and reporting requirements (e.g., segment, interim reporting) - Preparation and presentation of financial statements |
| Select Transactions | 25-35% | - Leases and financing transactions - Income taxes and other transaction types - Revenue recognition |
| Select Balance Sheet Accounts | 30-40% | - Investments and intangible assets - Liabilities and equity accounts - Inventory and property, plant, and equipment - Cash and receivables |
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