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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.
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How will I qualify for CPA AUSTRALIA FIN Certification?
If you pass the CPA Australia FIN exam, you will become a Certified CPA AustraliaFIN. This qualification requires you to have earned at least 50 credit points for this certification. You can earn credits by being registered as an accountant with the Association or another country's association of accountants. You may also earn credits by completing other exams on financial reporting, auditing, assurance, taxation, business valuation, and insolvency law. Window periods for this developercertification are declared by the Association. Proctor Service is provided so that you can prepare for your CPA Australia FIN certification exam. Proctored assignments will be available for you to work through within a designated time limit. The margin of tolerance for error in the exam will be far lower than in assignments.
What kind of documents do I need to bring for CPA AUSTRALIA FIN Certification Exam?
You must have all the required documentation with you on the day of taking this exam. It should include a copy of your passport or a document containing your photograph as well as a certified photocopy of it. You should also have your Tax Invoice Book and Australian Business Number. Supervised Financial Reporting (SFR) students must also bring their SFR approval letter. It shares a lot of info on the exam. A signature on the confirmation letter will show that you understand the responsibilities and conditions of the exam. Desk examiners will then approve your application. Apply 30 days before your scheduled exam.
CPA FIN Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Select Transactions | 20-30% | - Business combinations and consolidations - Accounting changes and error corrections - Fair value measurements - Derivatives and hedge accounting - Foreign currency transactions and translation |
| Topic 2: State and Local Governments | 5-15% | - Governmental accounting concepts and standards - Fund financial statements and government-wide statements - Governmental reporting and note disclosures |
| Topic 3: 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 4: Conceptual Framework, Standard-Setting and Financial Reporting | 25-35% | - Conceptual framework and standard-setting - General purpose financial statements - Public company reporting requirements - Special purpose frameworks |
| Topic 5: Not-for-Profit Entities | 5-15% | - Reporting model and financial statements - Revenue, contributions, and net asset classifications - Disclosures and reporting requirements |
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