The cost of the course is USD 500

Professional exam Compulsory subjects – Financial Reporting

Financial Reporting is designed to provide you with financial reporting, technical accounting and business skills and values that are applicable in a professional and global environment. The subject is based on International Financial Reporting Standards (IFRSs) which are issued by the International Accounting Standards Board (IASB), thereby remaining jurisdiction neutral for professional learning and development purposes. Most international jurisdictions have adopted, or are progressively adopting, the IFRSs.

The classes will commence 

First semester – 3rd week of January

Second semester – 1st  week of July

The details of the subject can be found by clicking here

Click here to find the details of the class schedule

The course will include the following:

1. Live online classes – 24
2. Pre-recorded content
3. Exam questions
4. Subject index report
5. CPA support slides
6. Exam guide & videos
7. Student counsellor

EXAM STRUCTURE

The Financial Reporting exam is comprised of a combination of multiple-choice and extended-response questions.

GENERAL OBJECTIVES

On completion of this subject, you should be able to:

• explain the application and basis of selected IFRS issued by the IASB
• apply IFRS in the preparation of general purpose financial statements
• explain details relating to general purpose financial statements
• prepare general purpose financial statements for designated entities, including the exercise of professional judgement.

SUBJECT CONTENT

The subject is divided into seven modules. A brief outline of each module is provided below.

The ‘weighting’ column in the following table provides an indication of the emphasis placed on each module in the exam, while the ‘proportion of study time’ column is a guide for you to allocate your study time for each module.