CertsTopics Logo

Month End Sale 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: save70

Note! The FR Exam is no longer valid. To find out more, please contact us through our Live Chat or email us.

CPA FR Exam With Confidence Using Practice Dumps

Exam Code:
FR
Exam Name:
Financial Reporting
Certification:
CPA Other Certification
Vendor:
CPA
Questions:
80
Last Updated:
Apr 30, 2025
Exam Status:
Stable
CPA FR

FR: CPA Other Certification Exam 2025 Study Guide Pdf and Test Engine

Are you worried about passing the CPA FR (Financial Reporting) exam? Download the most recent CPA FR braindumps with answers that are 100% real. After downloading the CPA FR exam dumps training , you can receive 99 days of free updates, making this website one of the best options to save additional money. In order to help you prepare for the CPA FR exam questions and verified answers by IT certified experts, CertsTopics has put together a complete collection of dumps questions and answers. To help you prepare and pass the CPA FR exam on your first attempt, we have compiled actual exam questions and their answers. 

Our (Financial Reporting) Study Materials are designed to meet the needs of thousands of candidates globally. A free sample of the CompTIA FR test is available at CertsTopics. Before purchasing it, you can also see the CPA FR practice exam demo.

Related CPA Exams

Financial Reporting Questions and Answers

Get Free FR Questions and Answers
Question 1

Which of the following are roles of the IFRS Foundation?

(1)To issue IFRS

(2)To examine any identified or alleged departures from IFRS

(3)To guide the International Accounting Standards Board (IASB)

(4)To secure finance

Options:

A.

(1) and (2)

B.

(1) and (3)

C.

(2) and (4)

D.

(3) and (4)

Buy Now
Question 2

IAS 17 Leasesstandardizesthe accounting treatment and disclosure of assets held under lease. IAS 17 Leases requires a lessee tocapitalizea finance lease at the amount of the

Options:

A.

Fair value

B.

Present value of the minimum lease payments

C.

Higher of fair value or present value of minimum lease payments

D.

Lower of fair value or present value of minimum lease payments

Question 3

One plc has owned 100% of Ten Ltd and 60% of Six Ltd for many years. At 31 December 2012 the trade receivables and trade payables shown in the individual company statements of financial position were as follows.

One plcTen LtdSix Ltd

$000$000$000

Trade receivable 503040

Trade payable 301520

Trade payable are made up as follows

Amount owning to

One---

Ten 2-4

Six 3--

Other suppliers251516

301520

The intra-group accounts agreed after taking into account the following.

1)An invoice for $3,000 posted by Ten Ltd on 31 December 2012 was not received by One pIc until 2 January 2013

2)A cheque for $2,000 posted by One pIc on 30 December 2012 was not received by Six Ltd until 4 January 2013.

What amount should be shown as trade receivables in the consolidated statement of financial position of One plc for the year ended 31 December 2012?

Options:

A.

$56,000

B.

$106,000

C.

$109,000

D.

$111,000

Get Free FR Questions and Answers