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Are You Interested in Preparing for CPA Australia FIN Certification Exam
Best guide For CPA Australia FIN Certification Exam
A brief overview of CPA Australia FIN Certification Exam
The Certified Public Accountant (CPA) credential is one of the most comprehensive credentials in finance. It not only includes mastery of accounting, tax, and business laws, but also substantial knowledge about audit and assurance services.
If you are currently holding a CPA license from another country or territory recognized by the Association, or have completed an equivalent qualification that may be recognized by the Association then you could be eligible to sit for the CPA Australia FIN Certification Exam. In this article, we will cover the areas of study you can use to prepare for this exam. CPA Australia FIN exam dumps may be used as a general guide to help you prepare for the exam.
CPA FIN Exam Overview:
| Certification Vendor: | AICPA / NASBA |
|---|---|
| Exam Name: | Financial Accounting and Reporting |
| Exam Number: | FAR |
| Related Certifications: | Business Analysis and Reporting (BAR) Information Systems and Controls (ISC) Tax Compliance and Planning (TCP) Taxation and Regulation (REG) Auditing and Attestation (AUD) |
| Exam Format: | Multiple-Choice Questions (MCQ), Task-Based Simulations (TBS) |
| Real Exam Qty: | 57-74 |
| Exam Price: | $262.64 - $359 USD per section |
| Passing Score: | 75 (scaled 0-99) |
| Certificate Validity Period: | 30 months from first passed section |
| Available Languages: | English |
| Exam Duration: | 240 minutes |
| Recommended Training: | AICPA Learning & Exam Prep NASBA Candidate Resources |
| Exam Registration: | AICPA CPA Exam Portal NASBA CPA Exam Services Prometric Scheduling |
| Sample Questions: | CPA FIN Sample Questions |
| Exam Way: | Computer-based, proctored at Prometric test centers or online proctored |
| Pre Condition: | Bachelor's degree with 150 credit hours (most jurisdictions); 24-30 hours upper-level accounting coursework; eligibility determined by State Board of Accountancy |
| Official Syllabus URL: | https://us.aicpa.org/becomeacpa/cpaexam/exam-content-blueprints |
What are the differences between other countries' CPA Certifications?
The main difference between other countries' CPA Certification is that this exam is geared towards the specific requirements of the Australian market. The CPA Australia FIN certification exam aims to understand your expertise in areas such as accounting, tax, forensic accounting, forensic banking, and forensic auditing. It will also help you to meet the specific needs of businesses operating in Australia today. Attestation and certification in financial reporting may give you a competitive advantage when it comes to trading in the global financial markets. Individuals with these certifications are more likely to have international recognition. The more CPA AUSTRALIA FIN certification you have, the better.
How to schedule a date for CPA AUSTRALIA FIN Certification Exam?
You must make a request to schedule a date for the exam at least six months in advance of the testing time frame. This should allow you enough time to get all your prerequisites ready before sitting for this exam. Greeter Services will contact you once you have booked your date for the CPA Australia FIN certification exam. Schedules will be confirmed at least eight weeks prior to the exam date. Crime and fraud prevention training and awareness will be provided. Coat and identification requirements will also be provided at that time. Pay the exam fee, take the exam, and receive your CPA AUSTRALIA FIN Certification Card.
CPA FIN Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: State and Local Governments | 5-15% | - Governmental accounting concepts and standards - Governmental reporting and note disclosures - Fund financial statements and government-wide statements |
| Topic 2: Not-for-Profit Entities | 5-15% | - Revenue, contributions, and net asset classifications - Disclosures and reporting requirements - Reporting model and financial statements |
| Topic 3: Select Transactions | 20-30% | - Foreign currency transactions and translation - Derivatives and hedge accounting - Business combinations and consolidations - Accounting changes and error corrections - Fair value measurements |
| Topic 4: Select Financial Statement Accounts | 30-40% | - Equity: capital stock, retained earnings, comprehensive income - Liabilities: payables, debt, leases, contingencies - Revenue recognition and expense recognition - Assets: cash, receivables, inventory, investments, PP&E, intangibles |
| Topic 5: Conceptual Framework, Standard-Setting and Financial Reporting | 25-35% | - Public company reporting requirements - General purpose financial statements - Conceptual framework and standard-setting - Special purpose frameworks |
By Mortimer
