CPA Australia · Foundation exam · Seventh edition
CPA Australia Business Finance Foundation Exam
Markets, time value of money and CAPM, the cost of finance and WACC, working capital, capital structure, investment appraisal and risk. 100 multiple-choice questions, four options each, 195 minutes, closed book, scaled score with 540 of 900 to pass.
Time
195 minutes
Book
Closed book
Pass mark
540 / 900
Module weights
From the seventh edition outline on cpaaustralia.com.au. Our diagnostics and mock papers draw questions in these proportions.
1.Capital and money markets
7%2.Financial theories
13%3.Risk identification, assessment and management
13%4.Sources and cost of finance
18%5.Liquidity management
11%6.Capital structure and management
15%7.Cash flow valuation and investment
10%8.Market and credit risk management
8%9.Investment management
5%
5 practice questions
Original questions, one or two per module, with the explanation and the paragraph each answer rests on. The full bank of 200 questions, the diagnostic and your wrong-question list are in the free dashboard.
Which of the following is a primary market transaction?
Frequently asked questions
How long is the CPA Australia Business Finance exam?
195 minutes. It is 100 multiple-choice questions, four options each, closed book. On-screen calculator, discount tables and formulae.
What does the Business Finance exam weight most heavily?
Module 4, Sources and cost of finance (18%), and Module 6, Capital structure and management (15%). The seventh edition outline publishes a weighting for every module; the table on this page lists them all.
What score do I need to pass Business Finance?
CPA Australia reports a scaled score from 100 to 900, and 540 is a pass. The raw mark behind it is not published.
Other Foundation exams
Exam rules from CPA Australia . EstatePass is not affiliated with CPA Australia; questions are our own, written from public standards and legislation.