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CPA Australia FR Exam Guide

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CPA FR Exam Syllabus Topics:

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

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