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  • Exam Code: FR
  • Exam Name: Financial Reporting
  • Updated: Jul 31, 2026
  • Q & A: 80 Questions and Answers
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  • Exam Code: FR
  • Exam Name: Financial Reporting
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  • Exam Code: FR
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CPA FR Exam Syllabus Topics:

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