- 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.
CPA Australia FR Exam Guide
Explanation of all the concepts of the CPA Australia FR Exam
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| Section | Weight | Objectives |
|---|---|---|
| Select Balance Sheet Accounts | 30-40% | - Cash and receivables - Investments and intangible assets - Liabilities and equity accounts - Inventory and property, plant, and equipment |
| Select Transactions | 25-35% | - Income taxes and other transaction types - Leases and financing transactions - Revenue recognition |
| Financial Reporting | 30-40% | - Disclosures and reporting requirements (e.g., segment, interim reporting) - Conceptual framework and standard-setting - Reporting for for-profit, not-for-profit, and governmental entities - Preparation and presentation of financial statements |
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