CPA Program — Financial Reporting Vocabulary Game
Exam terms with clues and explanations by OpenExamPrep.
About the CPA Program — Financial Reporting Vocabulary Game
A free word game for the CPA Program — Financial Reporting exam. Each round shows a clue for one of 20 exam terms across 7 topics. Recall the term, spell it out, then read a short explanation. Rounds pick a random term, so you can keep playing as long as you like.
How to Play
- 1Read the clue and type a term with the right number of letters (3 to 6). Abbreviations count: type the letters only.
- 2Press Check Answer or Enter. Each letter changes color to show how close you are.
- 3You have 6 tries. Stuck? Need a hint? asks the AI tutor for a nudge without giving the term away, and Skip moves to a new term.
- 4After the round, read the explanation, ask the AI to explain it, share your result, or press Next.
- ARight letter, right spot
- AIn the term, wrong spot
- ANot in the term
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Topics in the CPA Program — Financial Reporting Vocabulary Game
Concepts and framework
Statement presentation
Revenue and provisions
Income taxes
Business combinations
Financial instruments
Impairment testing
Sources for these terms (12)
- AASB Conceptual Framework for Financial Reporting (compiled December 2021) · Source checked 2026-11-03
- AASB 15 Revenue from Contracts with Customers (compiled December 2022) · Source checked 2026-11-03
- AASB 3 Business Combinations (compiled December 2022) · Source checked 2026-11-03
- AASB 11 Joint Arrangements (compiled February 2018) · Source checked 2026-11-03
- AASB 9 Financial Instruments (compiled February 2025) · Source checked 2026-11-03
- AASB 101 Presentation of Financial Statements (compiled December 2022) · Source checked 2026-11-03
- AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors (compiled December 2022) · Source checked 2026-11-03
- AASB 112 Income Taxes (compiled September 2023) · Source checked 2026-11-03
- AASB 137 Provisions, Contingent Liabilities and Contingent Assets (compiled February 2026) · Source checked 2026-11-03
- AASB 10 Consolidated Financial Statements (compiled November 2024) · Source checked 2026-11-03
- AASB 128 Investments in Associates and Joint Ventures (compiled November 2024) · Source checked 2026-11-03
- AASB 136 Impairment of Assets (compiled February 2026) · Source checked 2026-11-03
About the CPA Financial Reporting Exam
Financial Reporting is a compulsory CPA Program subject that develops the ability to apply IFRSs (adopted as AASBs in Australia) to prepare and interpret general purpose financial statements, covering presentation, revenue, income taxes, financial instruments, impairment, business combinations, consolidation and group accounting.
Exam sponsor: CPA Australia. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.
Assessment
Question count not published by the exam provider
Time Limit
195 minutes (3 hours 15 minutes) of exam time; 225-minute appointment
Passing Score
Scaled score of 540 on the 100–900 scale; cannot be converted to a fixed raw percentage
Exam / Certification Fees
Consult CPA Australia’s current regional subject-enrolment schedule; annual membership is charged separately
Exam sponsor websiteReported exam pass rate: Varies by semester. Varies by semester; CPA Australia publishes subject grade distributions in semester exam reports Exam sponsor website
Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.
Official sources
- CPA Australia Financial Reporting
- CPA Australia Financial Reporting — current linked sixth-edition outline
- CPA Australia exam FAQs
- CPA Australia understanding exam results
- CPA Program rules effective 9 June 2026
- CPA Australia important dates and fees
- CPA Program subjects and course guide
- CPA Australia Semester 2 2025 exam report
- IFRS Foundation — IFRS 18 effective date
- CPA Australia regional fee directory
- CPA Australia Australian fee schedule
Frequently Asked Questions
Is the CPA FR vocabulary game free?
Yes. The game is free to play with no sign-up. Signing in adds AI explanations for any term.
How does the CPA FR vocabulary game work?
Each round shows a clue for one of 20 CPA FR terms. Guess the term in six tries: green means the right letter in the right spot, yellow means the letter is in the term but in another spot, and gray means it is not in the term. After the round, read the explanation and play the next term.
Where do the CPA FR terms come from?
OpenExamPrep researched each term from the CPA Australia content outline and primary sources, listed under Sources on this page. The game is independent study material, not an official exam resource.
What is the Financial Reporting exam format and duration?
The exam combines multiple-choice and extended-response questions, including numerical worksheet items. You have 195 minutes (3 hours 15 minutes) to answer questions within a 225-minute appointment. The appointment also includes the NDA, tutorial, one five-minute paused break and survey.
How many questions and marks are in the exam?
The exact current question count and item-type mark allocation are not published in the public Financial Reporting subject outline. Consult the current Exam Information and Mark Allocations PDF in My Learning.