CPA Program — Financial Reporting Vocabulary Game
Exam terms with clues and explanations by OpenExamPrep.
About the CPA Program — Financial Reporting Vocabulary Games
4 free word games built on 20 CPA Program — Financial Reporting terms across 7 topics. Every game deals terms at random and shows what each term means, so you can keep playing as long as you like.
How to Play
- 1.Read the clue and type the term (3 to 6 letters).
- 2.Green: right spot. Yellow: wrong spot. Gray: not in the term.
- 3.Solve it in 6 tries, then read the explanation.
- 1.Swap two neighboring tiles to line up 3 of the same term.
- 2.Longer lines, two lines at once and chains score more.
- 3.Play until no swap can make a line.
- 1.Flip two cards. A matching pair stays face up.
- 2.Each pair you find shows what the term means.
- 3.Clear the board in as few moves as you can.
- 1.Find each listed term in the letter grid.
- 2.Drag across its letters: across, down or diagonally.
- 3.Find all five as fast as you can.
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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 do the CPA FR vocabulary games work?
There are 4 games built on 20 CPA FR terms. In Guess the Term, a clue describes one term and you have six tries to spell it, with green, yellow and gray letters showing how close you are. In Term Match, six terms appear as colored tiles; swap neighbors to line up three or more of the same term, and each match shows what the term means. In Term Pairs, twelve face-down cards hide six pairs of terms; flip two at a time to find each pair, and every pair you find shows what the term means. In Term Search, five terms hide in a grid of letters, reading across, down or diagonally; drag across a term to circle it, and each term you find shows what it means.
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.