CPA Australia · Foundation exam · Ninth edition
CPA Australia Financial Accounting and Reporting Foundation Exam
The reporting environment, accounting theory, financial statements, specific IFRS standards, business combinations and ratio analysis. 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 ninth edition outline on cpaaustralia.com.au. Our diagnostics and mock papers draw questions in these proportions.
1.The financial reporting environment
25%2.Accounting theory
15%3.Financial statements
15%4.Applications of specific accounting standards
22%5.Business combinations
13%6.Analysis of financial statements
10%
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.
The Conceptual Framework notes that an entity's management is interested in financial information about the entity, yet it does not treat management as a primary user of general purpose financial reports. What reason does the Framework give?
Frequently asked questions
How long is the CPA Australia Financial Accounting and Reporting exam?
195 minutes. It is 100 multiple-choice questions, four options each, closed book. On-screen calculator and ratio formulae.
What does the Financial Accounting and Reporting exam weight most heavily?
Module 1, The financial reporting environment (25%), and Module 4, Applications of specific accounting standards (22%). The ninth edition outline publishes a weighting for every module; the table on this page lists them all.
What score do I need to pass Financial Accounting and Reporting?
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.