CPA FR : Financial Reporting

  • Exam Code: FR
  • Exam Name: Financial Reporting
  • Updated: Aug 16, 2026
  • Q & A: 80 Questions and Answers

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CPA FR Exam Syllabus Topics:

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

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