Free CPA Australia Financial-Accounting-and-Reporting Exam Questions
Absolute Free Financial-Accounting-and-Reporting Exam Practice for Comprehensive Preparation
-
CPA Australia Financial-Accounting-and-Reporting Exam Questions
-
Provided By: CPA Australia
- Exam: CPA Financial Accounting and Reporting
- Certification: CPA Australia Certification
-
Total Questions: 101
-
Updated On: Jan 14, 2026
-
Rated: 4.9 |
-
Online Users: 202
-
Question 1
-
In the context of a regulatory framework, a principles-based system
Answer: C
-
In the context of a regulatory framework, a principles-based system
-
Question 2
-
A company purchased a machine 10 years ago for $143 890. It is expected that the machine will generate future revenues of $108 495. The machine could be scrapped for $81 232. An equivalent machine in the same condition would cost $94 950 to buy now. What is the deprival value of the asset?
Answer: C
-
-
Question 3
-
Venturer Ltd has received fees from venture capital activities and has engaged you as the accountant to prepare the financial report for 31 December 20X0. Unable to find a specific reference to venture capital fees in either the conceptual framework or the accounting standards, you establish the appropriate accounting treatment by
Answer: D
-
-
Question 4
-
Which one of the following statements is correct in relation to presenting the financial position of an entity?
Answer: C
-
Which one of the following statements is correct in relation to presenting the financial position of an entity?
-
Question 5
-
Which one of the following is not a function of the trustees of the International Financial Reporting Standards Foundation (IFRS Foundation)?
Answer: D
-