These are CPA Financial Reporting (CPA FR) exam notes. They are 82 page long and a perfect reference guide for the study guide. I received a HD for this course.

  • Class Year
  • 2016
  • Grade
  • HD
  • Number of Pages
  • 82
  • Number of Sales
  • 16
  • Staff Rating
  • 5/5
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These are CPA Financial Reporting (CPA FR) exam notes. They are 82 page long and a perfect reference guide for the study guide. I received a HD for this course. These FR notes are exam oriented with exact amount of details towards all the examinable topics. If you prefer to create your own notes, this is the perfect base guide.

These notes make sure you have what you need and you have them organised. I have included the module in the header of every page while including the module and the topic in the footer. On top of that, you will see that easy module contain a sample question and an answer replicating the exam conditions. And if that answer and the question do not cover the entire module, you can see the references to the CPA study guide (my year was 2016). This will allow you to quickly go to the relevant page in the study guide without any help from ridiculous tabs.

Following topics are covered in that order:

  • Module 1 – The role and importance of financial reporting
    • The role and importance of financial reporting
    • Purpose of financial reporting
    • The Conceptual Framework for Financial Reporting
    • The objective of general purpose financial reporting
    • Qualitative characteristics of useful financial information
    • Definition and recognition criteria of elements of financial statements
    • Measurement of elements of financial statement
    • Application of measurement principles in IFRS
    • Accounting for a lease by the lessee (IAS 17)
    • Employee Benefits (IAS 19)
    • Share-based payments (IFRS 2)
    • Investment property (IAS 40)
  • Module 2 – Presentation of financial statements
    • Part A: Presentation of financial statements
    • Complete set of financial statements
    • Accounting policies
    • Events after the reporting period
    • Part B: Statement of profit or loss and other comprehensive income.
    • Part C: Statement of changes in equity
    • Part D: Statement of financial position
    • Part E: IAS 7 Statement of cash flows
  • Module 3 – Revenue from contracts with customers; provisions, contingent liabilities and contingent assets
    • Part A: Revenue from contracts with customers
    • Part B: Provisions
    • Part C: Contingent liabilities an contingent assets
  • Module 4 – Income taxes
    • Income tax
  • Module 5 – Financial instruments.
    • Module 1 – The role and importance of financial reporting Module 1 – The role and importance of financial reporting 2 The role and importance of financial reporting Part A: What are financial instruments?; Part F: Presentation issues
    • Part B: Recognition and derecognition of financial assets and financial liabilities
    • Part C: Classification of financial assets and financial liabilities;
    • Part D: Measurement; Part E: Impairment of financial assets and hedge accounting Reclassification Hedging
    • Part G: Disclosure issues
  • Module 6 – Business combinations and group accounting.
    • Part A: IFRS 3 Business Combinations
    • Part B: Consolidated financial statements
    • Part C: Investments in associates
    • Part D: Joint arrangements – overview
  • Module 7 – Impairment of assets
    • Part A: Impairment of assets – an overview
    • Part B: Impairment of individual assets
    • Part C: Impairment of CGUs
    • Part D: IAS 36 – disclosure

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