- Exam Code: FR
- Exam Name: Financial Reporting
- Updated: Oct 27, 2026
- Q & A: 80 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Select Balance Sheet Accounts | 30-40% | - Inventory and property, plant, and equipment - Investments and intangible assets - Liabilities and equity accounts - Cash and receivables |
| Financial Reporting | 30-40% | - Disclosures and reporting requirements (e.g., segment, interim reporting) - Reporting for for-profit, not-for-profit, and governmental entities - Preparation and presentation of financial statements - Conceptual framework and standard-setting |
| Select Transactions | 25-35% | - Income taxes and other transaction types - Revenue recognition - Leases and financing transactions |
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