CPA : FR Questions & Answers

Last Updated: Aug 10, 2026

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Exam Contents

CPA FR Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Select Balance Sheet Accounts30–40- Cash, Receivables, and Investments
- Fair Value Measurements
- Inventory and Property, Plant & Equipment
- Intangible Assets and Goodwill
- Liabilities, Debt, and Equity
Topic 2: Select Transactions25–35- Income Taxes (ASC 740)
- Derivatives, Hedging, and Foreign Currency
- Accounting Changes and Error Corrections
- Leases (ASC 842)
- Revenue Recognition (ASC 606)
- Business Combinations and Consolidations
Topic 3: Financial Reporting30–40- Conceptual Framework and Standard-Setting
- Public Company Reporting and SEC Requirements
- State and Local Governmental Accounting
- Financial Statement Analysis and Ratios
- General-Purpose Financial Statements – For-Profit Entities
- General-Purpose Financial Statements – Not-for-Profit Entities

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