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CPA Australia Financial-Accounting-and-Reporting Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Revenue Recognition | - Revenue from contracts with customers
|
| Topic 2: Financial Statements | - Preparation and presentation
|
| Topic 3: Financial Reporting Framework | - Conceptual framework for financial reporting
|
| Topic 4: Liabilities and Equity | - Financial instruments and obligations
|
| Topic 5: Assets | - Asset recognition and measurement
|
| Topic 6: Consolidated Financial Statements | - Group accounting
|
| Topic 7: Financial Statement Analysis and Interpretation | - Analysis techniques
|
CPA Australia CPA Financial Accounting and Reporting Sample Questions:
In a strong efficient market, the finance manager will
- A. analyse historical data on takeover targets.
- B. maximise the net present value of the firm's investments.
- C. develop strategies to disclose the company's profit or loss.
- D. employ analysts to determine the best time to issue shares.
Which one of the following is not a principal motivation for creative accounting?
- A. public good
- B. bonus-related pay
- C. personal incentives
- D. benefits from shares and share options
As per the International Accounting Standards Board conceptual framework, which of the following holds the primary responsibility for preparing and presenting financial statements?
I)owners
II)auditors
III)directors
- A. I and II only
- B. I only
- C. II and III only
- D. III only
Which one of the following would be included in a statement of financial position?
- A. proceeds from long term borrowings
- B. finance costs
- C. retained earnings
- D. cost of sales
XYZ Ltd is listed on the Australian Securities Exchange (ASX). Which one of the following reports is the company required to prepare as a part of its annual financial report?
- A. sustainability report
- B. corporate governance statement
- C. management commentary
- D. chairman's statement






