CPA FR Exam : Financial Reporting

CPA FR exam
  • Exam Code: FR
  • Exam Name: Financial Reporting
  • Updated: Jul 20, 2026
  • Q & A: 80 Questions and Answers
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Exam Contents

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CPA FR Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Select Balance Sheet Accounts30-40%- Liabilities and equity accounts
- Cash and receivables
- Investments and intangible assets
- Inventory and property, plant, and equipment
Topic 2: Select Transactions25-35%- Leases and financing transactions
- Income taxes and other transaction types
- Revenue recognition
Topic 3: Financial Reporting30-40%- Disclosures and reporting requirements (e.g., segment, interim reporting)
- Preparation and presentation of financial statements
- Conceptual framework and standard-setting
- Reporting for for-profit, not-for-profit, and governmental entities

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