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Admission Test Financial-Accounting-Reporting exam : Certified Public Accountant (Financial Accounting & Reporting)

Financial-Accounting-Reporting Exam Questions
  • Exam Code: Financial-Accounting-Reporting
  • Exam Name: Certified Public Accountant (Financial Accounting & Reporting)
  • Updated: Jul 28, 2026
  • Q & A: 161 Questions and Answers
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Admission Test Financial-Accounting-Reporting exam is a critical step in becoming a certified public accountant. Passing Financial-Accounting-Reporting exam demonstrates that an individual has a deep understanding of financial accounting and reporting. This knowledge is essential for any accountant who wants to work with clients and help them make informed financial decisions. Additionally, passing Financial-Accounting-Reporting exam can open up new career opportunities and lead to higher salaries.

Admission Test for Certified Public Accountant (CPA) in Financial Accounting-Reporting is an exam designed to test the proficiency of aspiring accountants in the field of financial reporting. This test serves as a critical step in the journey for an individual hoping to attain a CPA certification.

Admission Test Financial-Accounting-Reporting Exam Syllabus Topics:

SectionWeightObjectives
Select Balance Sheet Accounts30% - 40%- Assets, Liabilities and Equity
  • 1. Trade Receivables
  • 2. Investments
  • 3. Long-Term Debt
  • 4. Cash and Cash Equivalents
  • 5. Inventory
  • 6. Property, Plant and Equipment
  • 7. Equity Transactions
  • 8. Payables and Accrued Liabilities
  • 9. Intangible Assets
Select Transactions25% - 35%- Accounting and Reporting Transactions
  • 1. Accounting Changes and Error Corrections
  • 2. Accounting for Income Taxes
  • 3. Contingencies and Commitments
  • 4. Fair Value Measurement
  • 5. Subsequent Events
  • 6. Lease Accounting
  • 7. Revenue Recognition
Financial Reporting30% - 40%- General Purpose Financial Reporting
  • 1. State and Local Government Concepts
  • 2. Not-for-Profit Entities
  • 3. Financial Statement Ratios and Performance Metrics
  • 4. For-Profit Business Entities
  • 5. Special Purpose Frameworks
  • 6. Public Company Reporting

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