The Financial-Accounting-and-Reporting exam, officially titled CPA Financial Accounting and Reporting Exam, is the qualifying test for the CPA Foundation Program certification from CPA Australia, a credential at the Foundation level. Passing it proves you have the skills employers look for in certified professionals, and it can also support progress toward related credentials such as CPA Program, CPA Australia Associate Membership.

The CPA Australia CPA Financial Accounting and Reporting exam gives you 195 minutes to work through 100 questions. That is a steady pace with little room for second-guessing, so train yourself to read each question once, flag the difficult ones, and keep moving. Before exam day, sit at least two full timed sessions in the ExamTorrent test engine — when the clock feels familiar, it stops being a threat.

You need 540 / 900 (60%) to pass, and the official registration fee is AUD 388. Fall short and you pay that fee in full again for every retake, which makes solid preparation the cheaper option by far. Work through the ExamTorrent practice questions until you score comfortably above the passing mark, then book your seat.

No formal prerequisite; required for entry into CPA Program if accounting background is insufficient Eligibility rules can change over time, so before you register, confirm the latest requirements on the official exam page: CPA Australia Financial-Accounting-and-Reporting exam overview.

You can book your Financial-Accounting-and-Reporting exam through any of these official registration channels:

• CPA Australia Foundation Exam Registration
• Pearson VUE Scheduling

The exam is delivered as Computer-based testing (CBT) at Pearson VUE test centres or online proctored, so you can pick the option that fits your schedule when you book.

CPA Australia recommends the following training for CPA Australia CPA Financial Accounting and Reporting candidates:

• CPA Australia Official Study Materials

Pair that training with the 100 practice questions from ExamTorrent and you can check your readiness topic by topic before exam day.

Yes. ExamTorrent offers a free PDF demo for the CPA Australia CPA Financial Accounting and Reporting exam so you can judge the quality of our questions and answers before paying anything. Every purchase also comes with 365 days of free updates, and once that period expires you can extend your update service at a 50% discount.

Your purchase is protected by a 100% money-back guarantee. If you sit the corresponding Financial-Accounting-and-Reporting exam within 60 days of buying and do not pass, send us a scan of your exam enrollment slip together with your official Score Report (PDF) within 2 days of the exam date — the candidate name must match the payer's name — and we will process your full refund within 7 days. Please note that exams taken within 3 days of purchase, materials downloaded without ever sitting the exam, free products, and expired orders are not covered. If you would rather not have a refund, you can exchange your order for two exam products of equal value, free of charge, and keep the update service on your original purchase.

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The CPA Australia CPA Financial Accounting and Reporting syllabus is organized into 7 domains. The main areas include Role and Regulatory Framework of Financial Reporting (15%), Income Taxes (18%), and Presentation of Financial Statements (15%). Scroll up to the Exam Topics section above for the complete, current outline before you plan your study schedule.