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CPA FR Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Select Transactions | 25–35 | - Accounting Changes and Error Corrections - Leases (ASC 842) - Business Combinations and Consolidations - Derivatives, Hedging, and Foreign Currency - Income Taxes (ASC 740) - Revenue Recognition (ASC 606) |
| Topic 2: Select Balance Sheet Accounts | 30–40 | - Cash, Receivables, and Investments - Liabilities, Debt, and Equity - Fair Value Measurements - Intangible Assets and Goodwill - Inventory and Property, Plant & Equipment |
| Topic 3: Financial Reporting | 30–40 | - Public Company Reporting and SEC Requirements - General-Purpose Financial Statements – For-Profit Entities - Financial Statement Analysis and Ratios - Conceptual Framework and Standard-Setting - State and Local Governmental Accounting - General-Purpose Financial Statements – Not-for-Profit Entities |
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