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Objectives of CPA AUSTRALIA FIN Certification Exam

The objectives of this exam are to provide you with a solid foundation for working in business or government. To accomplish this, you will need to have an understanding of all aspects of financial reporting standards including all relevant laws, regulations, standards, and practices. Final software safety and reliability are verified through third-party testing and research. Concepts of financial accounting and reporting are discussed in detail. Attempt to answer this exam with the help of the CPA AUSTRALIA FIN exam dumps. The survey describes that Candidate studies without the help of this exam may be unable to pass this exam. To reach the designation a person can expect that the required skills, knowledge, and experience are required for this exam.

CPA FIN Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Conceptual Framework, Standard-Setting and Financial Reporting25-35%- General purpose financial statements
- Special purpose frameworks
- Public company reporting requirements
- Conceptual framework and standard-setting
Topic 2: Not-for-Profit Entities5-15%- Disclosures and reporting requirements
- Reporting model and financial statements
- Revenue, contributions, and net asset classifications
Topic 3: Select Transactions20-30%- Business combinations and consolidations
- Derivatives and hedge accounting
- Accounting changes and error corrections
- Fair value measurements
- Foreign currency transactions and translation
Topic 4: Select Financial Statement Accounts30-40%- Assets: cash, receivables, inventory, investments, PP&E, intangibles
- Liabilities: payables, debt, leases, contingencies
- Equity: capital stock, retained earnings, comprehensive income
- Revenue recognition and expense recognition
Topic 5: State and Local Governments5-15%- Governmental reporting and note disclosures
- Governmental accounting concepts and standards
- Fund financial statements and government-wide statements

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