What is the duration, language, and format of the CPA Australia FR Exam
- Exam duration: 16 hours in total
- Each component has a passing score of 75
- Formats: Multiple choice, task-based, communication tasks
- Exam language: English
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CPA FR Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Select Transactions | 25–35 | - Accounting Changes and Error Corrections - Income Taxes (ASC 740) - Revenue Recognition (ASC 606) - Derivatives, Hedging, and Foreign Currency - Leases (ASC 842) - Business Combinations and Consolidations |
| Topic 2: Financial Reporting | 30–40 | - Conceptual Framework and Standard-Setting - General-Purpose Financial Statements – For-Profit Entities - Public Company Reporting and SEC Requirements - State and Local Governmental Accounting - Financial Statement Analysis and Ratios - General-Purpose Financial Statements – Not-for-Profit Entities |
| Topic 3: Select Balance Sheet Accounts | 30–40 | - Cash, Receivables, and Investments - Inventory and Property, Plant & Equipment - Intangible Assets and Goodwill - Liabilities, Debt, and Equity - Fair Value Measurements |
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