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 June
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
- Live online classes – 24
- Pre-recorded content
- Exam questions
- Pass cards
- CPA support slides
- Exam guide & videos
- Student counsellor
The Financial Reporting exam is comprised of a combination of multiple-choice and extended-response questions.
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.
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.
|Module||Recommended proportion of study time %||Weighting %|
|1. The role and importance of financial reporting||10||10|
|2. Presentation of financial statements||14||14|
|3. Revenue from contracts with customers: Provisions, contingent liabilities and contingent assets||10||10|
|4. Income taxes||18||18|
|5. Business combinations and group accounting||24||24|
|6. Financial instruments||14||14|
|7. Impairment of assets||10||10|