CPA Australia Financial-Accounting-and-Reporting Exam Information and Actual Questions

  • Exam Code/Number: Financial-Accounting-and-Reporting
  • Exam Name/Title: CPA Financial Accounting and Reporting Exam
  • Certification Provider: CPA Australia
  • Corresponding Certification: CPA Foundation Program
  • Exam Questions: 100
  • Updated On: Jun 29, 2026

Financial-Accounting-and-Reporting
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CPA Australia
Financial-Accounting-and-Reporting Exam
CPA Financial Accounting and Reporting Exam

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CPA Australia Financial-Accounting-and-Reporting Exam Overview:

Certification Vendor:CPA Australia
Exam Name:CPA Australia Financial Accounting and Reporting Exam
Exam Number:Financial Accounting and Reporting
Available Languages:English
Related Certifications:CPA Australia Associate Member
CPA Program
Exam Price:AUD 388 (enrolment fee, may vary by region)
Passing Score:Scaled pass mark 540 (on 100–900 scale)
Real Exam Qty:100
Exam Format:Multiple choice
Exam Duration:195 minutes
Sample Questions:CPA Australia Financial-Accounting-and-Reporting Sample Questions
Exam Way:Computer-based test centre exam (closed book, supervised by Pearson VUE; online proctored in some regions under conditions) with 100 multiple-choice questions; total time 195 minutes (3 hours 15 minutes) excluding introductory and survey components.
Pre Condition:No formal prerequisite; part of CPA Australia Foundation exams required for entry to the CPA Program. Eligibility assessed based on prior qualifications and competencies.
Official Syllabus URL:https://www.cpaaustralia.com.au/become-a-cpa/cpa-program/foundation-exams/financial-accounting-and-reporting

CPA Australia Financial-Accounting-and-Reporting Exam Syllabus Topics:

SectionWeightObjectives
The accounting theory15%- Agency and contracting theories
- Historical cost vs other valuation methods
- Recognition criteria per conceptual framework
Business combinations13%- Goodwill measurement and disclosure
- Impairment and journal entries
- Consolidated financial statements
- Non-controlling interest and control concepts
- Accounting issues for business combinations
Application of specific accounting standards22%- Current and deferred income tax accounting
- Foreign currency transactions and translation
- Revenue recognition and ledger reconciliation
- Intangible assets and journal entries
Analysis of financial statements10%- Financial ratio calculation and interpretation
- Limitations of financial statement analysis
The financial reporting environment25%- Conceptual framework and elements of financial statements
- Types of business entity and structure
- Accounting standards and policies
- Users and developments impacting reporting
- Accounting regulation and GAAP/IFRS
- Regulatory environment and reporting requirements
- Role of International Accounting Standards Board
Financial statements15%- Statement of cash flows
- Statement of financial position
- Statement of profit or loss and other comprehensive income
- Discrepancy detection and correction

CPA Australia Financial-Accounting-and-Reporting (CPA Financial Accounting and Reporting) Exam is an essential step for anyone who wants to become a certified public accountant in Australia. Financial-Accounting-and-Reporting exam is designed to test a candidate's knowledge and competence in financial accounting and reporting in both local and international contexts. It covers various topics such as financial reporting, accounting standards, and financial frameworks, as well as the application of these concepts in real-world scenarios.

The CPA Financial Accounting and Reporting exam is an essential exam for individuals who want to become certified public accountants in Australia. Financial-Accounting-and-Reporting exam requires candidates to have a deep understanding of financial accounting principles and regulations in Australia. To pass Financial-Accounting-and-Reporting exam, candidates need to have strong analytical skills, interpretive ability, and a comprehensive understanding of accounting standards and regulations.



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