Pass the actual test with the help of Financial-Accounting-and-Reporting study guide
Last Updated: Sep 09, 2026
No. of Questions: 100 Questions & Answers with Testing Engine
Download Limit: Unlimited
Help you pass test with Actualtests4sure updated Financial-Accounting-and-Reporting Actual Test Questions at first time. All exam materials of CPA Australia Financial-Accounting-and-Reporting test questions are with validity and reliability, compiled and edited by the experienced experts team, which can help you prepare and attend exam casually and then pass the CPA Australia Financial-Accounting-and-Reporting test surely.
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CPA Australia CPA Financial Accounting and Reporting is issued by CPA Australia, one of the most respected names in the industry, and earning it in 2026 can open serious career doors. Actualtests4sure helps you get there with 100 practice questions built around the official Financial-Accounting-and-Reporting objectives.
| Certification Vendor: | CPA Australia |
|---|---|
| Exam Name: | Financial Accounting and Reporting |
| Exam Number: | Financial-Accounting-and-Reporting |
| Related Certifications: | CPA Australia Associate Membership CPA Program |
| Available Languages: | English |
| Exam Price: | AUD 388 |
| Real Exam Qty: | 100 |
| Exam Duration: | 195 minutes |
| Passing Score: | 540 / 900 (60%) |
| Certificate Validity Period: | 3 years |
| Exam Format: | Closed-book, Multiple-choice questions |
| Recommended Training: | CPA Australia Official Study Materials |
| Exam Registration: | Pearson VUE Scheduling CPA Australia Foundation Exam Registration |
| Sample Questions: | CPA Australia Financial-Accounting-and-Reporting Sample Questions |
| Exam Way: | Computer-based testing (CBT) at Pearson VUE test centres or online proctored |
| Pre Condition: | No formal prerequisite; required for entry into CPA Program if accounting background is insufficient |
| Official Syllabus URL: | https://www.cpaaustralia.com.au/become-a-cpa/cpa-program/foundation-exams/financial-accounting-and-reporting |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Business Combinations and Group Accounting | 20% | - Non-controlling interests - Consolidation principles and procedures - Business combinations and goodwill |
| Topic 2: Presentation of Financial Statements | 15% | - Statement of financial position - Statement of profit or loss and OCI - Statement of cash flows and notes |
| Topic 3: Financial Instruments | 12% | - Classification and measurement - Recognition, derecognition and disclosure |
| Topic 4: Income Taxes | 18% | - Tax effects in financial statements - Current and deferred tax calculation |
| Topic 5: Role and Regulatory Framework of Financial Reporting | 15% | - Conceptual framework and qualitative characteristics - Business entities and reporting obligations - Regulatory environment and standards setting |
| Topic 6: Impairment of Assets | 6% | - Impairment testing and recognition - Impairment indicators and recoverable amount |
| Topic 7: Revenue, Provisions and Liabilities | 14% | - Revenue from contracts with customers - Provisions, contingent liabilities and assets |
The Financial-Accounting-and-Reporting exam leads to the CPA Foundation Program certification, a Foundation-level credential from CPA Australia. It validates the skills measured by the CPA Australia CPA Financial Accounting and Reporting syllabus and is a recognized step for IT professionals building their careers, and it sits alongside related credentials such as CPA Program, CPA Australia Associate Membership.
The CPA Australia CPA Financial Accounting and Reporting exam includes 100 questions and gives you 195 minutes to complete them. That works out to a fairly tight pace, so reading each question carefully but decisively matters more than perfectionism. If a question stalls you, flag it and move on; banking the easier points first keeps time pressure from snowballing near the end. Before test day, run at least one full timed session with the Actualtests4sure practice test so the rhythm feels familiar rather than rushed.
You need 540 / 900 (60%) to pass the Financial-Accounting-and-Reporting exam, and the official registration fee is AUD 388. Keep in mind that a failed attempt means paying the full fee again to retake the exam, so it pays to be honest with yourself before booking a seat. A practical benchmark: work through the 100 practice questions at Actualtests4sure until you can score comfortably above the passing line in timed mode, then schedule your exam.
No formal prerequisite; required for entry into CPA Program if accounting background is insufficient Because CPA Australia may adjust its policies over time, we recommend confirming the latest requirements on the official exam page (official exam page) before you register.
You can sign up for the CPA Australia CPA Financial Accounting and Reporting exam through any of the official registration channels below:
As for how the exam is delivered: Computer-based testing (CBT) at Pearson VUE test centres or online proctored.
CPA Australia suggests the following training options for candidates preparing for CPA Australia CPA Financial Accounting and Reporting:
Formal training is a solid foundation, and pairing it with the 100 practice questions from Actualtests4sure helps you turn that knowledge into exam-day confidence.
Yes. Actualtests4sure offers a free PDF demo of the CPA Australia CPA Financial Accounting and Reporting material, so you can review the question style and answer quality before making a decision. Every purchase also includes 365 days of free updates, and after that period you can extend your updates at a 50% discount, which keeps your preparation current through 2026 and beyond.
If you take the CPA Australia CPA Financial Accounting and Reporting exam within 60 days of your purchase and do not pass, Actualtests4sure offers a full refund under its Money Back Guarantee. To apply, send a scanned copy of your exam enrollment slip together with your official Score Report in PDF format within 2 days of the exam date, and your claim will be processed within 7 days. The guarantee applies only to the corresponding exam: attempts made within 3 days of purchase, exams downloaded but never actually taken, free materials, and expired orders are not eligible, and the candidate name must match the purchaser name. If you would rather not take a refund, you can exchange your product for two additional exam preparation products of equal value and keep the update service on your original purchase. Delivery itself is instant: your product is available for download right after payment and is also sent to your email within one minute, and if it has not arrived within 2 hours, contact our support team. There is no limit on how many computers you can install it on.
The CPA Australia CPA Financial Accounting and Reporting syllabus is divided into 7 main domains, including Role and Regulatory Framework of Financial Reporting (15%), Impairment of Assets (6%), Business Combinations and Group Accounting (20%). Each domain carries a different share of the total score, so knowing where the weight sits helps you allocate your study time wisely. You will find the complete, up-to-date outline in the Exam Topics section above.
Which one of the following financial statements helps provide information about factors that might affect an entity's liquidity or solvency?
Which one of the following is not a principal motivation for creative accounting?
To be relevant, financial information has to
I)be provided in a timely manner.
II)comply with the going concern assumption.
III)have predictive and/or confirmatory value.
IV)exclude computations that are difficult to understand.
Which one of the following situations would result in either a new liability being recognised or an existing liability being increased?
Which one of the following would be recognised in the statement of profit or loss and other comprehensive income?
Rosemary
Venus
Alva
Bennett
Chasel
Eden
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