- Exam Code: FR
- Exam Name: Financial Reporting
- Updated: Aug 24, 2026
- Q & A: 80 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Select Transactions | 25–35 | - Leases (ASC 842) - Derivatives, Hedging, and Foreign Currency - Income Taxes (ASC 740) - Revenue Recognition (ASC 606) - Accounting Changes and Error Corrections - Business Combinations and Consolidations |
| Financial Reporting | 30–40 | - Conceptual Framework and Standard-Setting - Public Company Reporting and SEC Requirements - General-Purpose Financial Statements – Not-for-Profit Entities - General-Purpose Financial Statements – For-Profit Entities - State and Local Governmental Accounting - Financial Statement Analysis and Ratios |
| Select Balance Sheet Accounts | 30–40 | - Inventory and Property, Plant & Equipment - Intangible Assets and Goodwill - Liabilities, Debt, and Equity - Cash, Receivables, and Investments - Fair Value Measurements |
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