Core 1 covers Financial Reporting (FR), Assurance, Tax and Finance competency areas. I’ve written about Assurance, Tax and Finance common topics in other posts, I’ll cover the FR topics here.
Common FR topics to know for Core 1
Here are some of the common FR topics you should know for Core 1:
- Revenue recognition
- Lease accounting
- Inventories
- Property, plant and equipment (PPE)
- Intangible assets
- Tangible asset Impairment
- Provisions, contingent liabilities
- Non-monetary transactions (NMT)
- Related party transactions
- Government assistance
- Subsequent events
- Financial instruments (FI)
- Decommissioning provision
- Non-current assets held for sale
- Accounting for income taxes
- Business combinations
- Investment in Associates
- Foreign currency
All FR topics that can be tested
The above is a condensed list of frequently tested topics. The full list of FR topics that you can be tested on are listed in the CPA Canada Competency Map.
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