CPA FR : Financial Reporting

FR real exams

Exam Code: FR

Exam Name: Financial Reporting

Updated: Jul 26, 2026

Q & A: 80 Questions and Answers

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About CPA FR Exam

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CPA FR Exam Syllabus Topics:

SectionObjectives
Topic 1: International Financial Reporting Standards (IFRS)- IAS/IFRS Application
  • 1. IAS 38 Intangible Assets
    • 2. IAS 16 Property, Plant and Equipment
      • 3. IFRS 15 Revenue from Contracts with Customers
        • 4. IAS 37 Provisions, Contingent Liabilities and Contingent Assets
          • 5. IFRS 16 Leases
            Topic 2: Analysis and Interpretation- Financial statement analysis
            • 1. Ratio analysis
              • 2. Performance interpretation
                Topic 3: Group Financial Statements- Consolidation
                • 1. Goodwill calculation and impairment
                  • 2. Preparation of consolidated financial statements
                    • 3. Intra-group transactions elimination
                      Topic 4: Financial Statements Preparation- Preparation of financial statements
                      • 1. Statement of profit or loss and other comprehensive income
                        • 2. Statement of cash flows basics
                          • 3. Statement of financial position
                            Topic 5: Financial Reporting Framework- Conceptual Framework for Financial Reporting
                            • 1. Elements of financial statements
                              • 2. Recognition and measurement concepts
                                • 3. Qualitative characteristics of financial information

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