CPA FR Exam Collection - Financial Reporting

Updated: Oct 05, 2026
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CPA FR Exam Syllabus Topics:

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

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