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Exam Contents

CPA FR Exam Syllabus Topics:

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

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