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CFC Exame de Qualificação Técnica — EQT Auditoria e Perícia (Brazil)

Practice Questions100 questions

2026 Statistics

Key Facts: CFC Exame de Suficiência Exam

50 Questions

Total objective multiple-choice items per official exam

Conselho Federal de Contabilidade / FGV

25 / 50 (50%)

Strict minimum passing score required for CRC qualification

CFC Resolução

4 Hours

Official exam sitting duration

FGV Conhecimento

R$ 130,00

Official candidate registration fee per edition

Edital CFC 2026 / FGV

2 Editions/Year

Biannual national administration frequency

CFC

The CFC Exame de Suficiência is the mandatory 50-question board exam for CRC accountant registration in Brazil, administered by FGV with a 50% pass mark. This page provides 100 free English-language practice MCQs adapted from the official NBC/CPC syllabus.

Sample CFC Exame de Suficiência Practice Questions

Try these sample questions to test your CFC Exame de Suficiência exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1A commercial entity presents 1,000 units of a merchandise in inventory at an acquisition cost of R$ 120.00 per unit. At the end of the reporting period, market conditions changed and the estimated selling price dropped to R$ 130.00 per unit, while estimated selling expenses and freight costs required to complete the sale are estimated at R$ 25.00 per unit. According to NBC TG 16 (R1) / CPC 16 (Estoques), what is the valuation of the inventory on the balance sheet and the impairment impact on profit or loss?

A.Inventory valued at R$ 120,000.00, with no impairment loss recognized since the selling price (R$ 130.00) exceeds cost.

B.Inventory valued at R$ 105,000.00, with an impairment loss of R$ 15,000.00 recognized in profit or loss.

C.Inventory valued at R$ 130,000.00, with a valuation gain of R$ 10,000.00 recognized in profit or loss.

D.Inventory valued at R$ 95,000.00, with an impairment loss of R$ 25,000.00 recognized in equity.

Explanation: According to NBC TG 16 (R1) / CPC 16, inventories must be measured at the lower of cost and net realizable value (Valor Realizável Líquido - VRL). The net realizable value is calculated as the estimated selling price in the ordinary course of business minus the estimated costs of completion and estimated costs necessary to make the sale: VRL = R$ 130.00 - R$ 25.00 = R$ 105.00 per unit. Since the VRL (R$ 105.00) is lower than the historical cost (R$ 120.00), the inventory must be written down to R$ 105,000.00 (1,000 × R$ 105.00), recognizing an impairment loss (ajuste ao valor realizável líquido) of R$ 15,000.00 (1,000 × R$ 15.00) in profit or loss for the period.

2A manufacturing company acquired industrial machinery for its production line. The transaction generated the following disbursements and invoices: Purchase invoice price of R$ 200,000.00 (which includes R$ 36,000.00 of recoverable ICMS tax); Freight to transport the machine to the factory of R$ 8,000.00; Foundation and installation costs of R$ 12,000.00; Operational testing costs before full production of R$ 4,000.00; Training costs for machine operators of R$ 5,000.00; and Advertising costs for the launch event of R$ 3,000.00. In accordance with NBC TG 27 (R4) / CPC 27 (Ativo Imobilizado), what is the initial recognized cost of the machinery?

A.R$ 224,000.00

B.R$ 193,000.00

C.R$ 188,000.00

D.R$ 164,000.00

Explanation: Under NBC TG 27 / CPC 27, the initial cost of property, plant, and equipment comprises its purchase price net of recoverable trade discounts and recoverable taxes (R$ 200,000.00 - R$ 36,000.00 = R$ 164,000.00), plus any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management: freight (R$ 8,000.00), installation (R$ 12,000.00), and test runs (R$ 4,000.00), resulting in R$ 164,000 + R$ 8,000 + R$ 12,000 + R$ 4,000 = R$ 188,000.00. Costs of staff training (R$ 5,000.00) and promotional launch events (R$ 3,000.00) cannot be capitalized and must be expensed as incurred in profit or loss.

3At the end of the fiscal year, an enterprise conducted an impairment test on a specialized industrial plant in accordance with NBC TG 01 (R1) / CPC 01 (Redução ao Valor Recuperável de Ativos). The accounting records indicate an original cost of R$ 500,000.00 and accumulated depreciation of R$ 140,000.00. An independent valuation determined the fair value less costs of disposal (valor justo líquido de despesas de alienação) to be R$ 330,000.00, while the value in use (valor em uso) calculated via discounted expected future cash flows is R$ 345,000.00. What is the impairment loss to be recognized in profit or loss?

A.R$ 15,000.00

B.R$ 30,000.00

C.R$ 0.00 (No impairment loss is recognized)

D.R$ 155,000.00

Explanation: Under NBC TG 01 / CPC 01, the carrying amount (valor contábil líquido) is R$ 500,000.00 - R$ 140,000.00 = R$ 360,000.00. The recoverable amount (valor recuperável) is defined as the HIGHER of an asset's fair value less costs of disposal (R$ 330,000.00) and its value in use (R$ 345,000.00), which equals R$ 345,000.00. Since the carrying amount (R$ 360,000.00) exceeds the recoverable amount (R$ 345,000.00), an impairment loss of R$ 360,000.00 - R$ 345,000.00 = R$ 15,000.00 must be recognized immediately in profit or loss as an operating expense.

4A legal assessment of three distinct pending lawsuits against a corporate entity revealed the following likelihoods of financial outflow: Lawsuit A: Probable outflow (probabilidade provável) with a reliable estimate of R$ 80,000.00; Lawsuit B: Possible outflow (probabilidade possível) estimated at R$ 50,000.00; Lawsuit C: Remote outflow (probabilidade remota) estimated at R$ 30,000.00. Under NBC TG 25 (R2) / CPC 25 (Provisões, Passivos Contingentes e Ativos Contingentes), how should these events be accounted for and reported in the financial statements?

A.Recognize provisions for Lawsuit A (R$ 80,000.00) and Lawsuit B (R$ 50,000.00) as liabilities; disclose Lawsuit C in explanatory notes.

B.Disclose all three lawsuits (A, B, and C) exclusively in explanatory notes without recognizing any liability on the Balance Sheet.

C.Recognize a total provision of R$ 160,000.00 encompassing all three lawsuits in the Balance Sheet.

D.Recognize a provision (provisão) of R$ 80,000.00 as a liability in the Balance Sheet with footnote disclosure; disclose Lawsuit B in explanatory notes as a contingent liability (passivo contingente); do not recognize or disclose Lawsuit C.

Explanation: According to NBC TG 25 / CPC 25: (1) A provision must be recognized as a liability on the Balance Sheet when there is a present obligation resulting from past events, an outflow of resources embodying economic benefits is PROBABLE (>50% probability), and a reliable estimate can be made (Lawsuit A: R$ 80,000.00). (2) A contingent liability is disclosed only in the explanatory notes when the outflow of resources is POSSIBLE (Lawsuit B: R$ 50,000.00). (3) When the probability of outflow is REMOTE, neither liability recognition nor footnote disclosure is required (Lawsuit C).

5On January 1, 2026, a company entered into a 5-year non-cancellable lease contract for an administrative building, with annual fixed payments of R$ 60,000.00 due at the end of each year. The present value of the lease payments discounted at the lessee's incremental borrowing rate is R$ 227,450.00. In accordance with NBC TG 06 (R2) / CPC 06 (R2) (Arrendamentos), how should the lessee initially record this transaction?

A.Debit Operating Rent Expense (Despesa de Aluguel) and Credit Cash/Banks for R$ 60,000.00 annually, with no balance sheet recognition of assets or liabilities.

B.Debit Right-of-Use Asset and Credit Lease Liability for the nominal undiscounted sum of R$ 300,000.00.

C.Debit Right-of-Use Asset (Ativo de Direito de Uso) and Credit Lease Liability (Passivo de Arrendamento) for R$ 227,450.00.

D.Debit Prepaid Expenses in Current Assets and Credit Cash for R$ 227,450.00.

Explanation: Under NBC TG 06 (R2) / CPC 06 (R2) (aligned with IFRS 16), at the commencement date of a lease, a lessee must recognize a Right-of-Use Asset (Ativo de Direito de Uso) in non-current assets and a Lease Liability (Passivo de Arrendamento) in liabilities, measured at the present value of the lease payments that are not paid at that date (R$ 227,450.00). The single-model lessee accounting eliminates the off-balance-sheet operating lease distinction for standard long-term commercial leases.

6A corporation is preparing its Statement of Cash Flows (Demonstração dos Fluxos de Caixa - DFC) using the Indirect Method in accordance with NBC TG 03 (R3) / CPC 03 (R2). For the 2026 financial year, the entity recorded: Net Income (Lucro Líquido) of R$ 300,000.00; Depreciation expense of R$ 50,000.00; Gain on disposal of property, plant, and equipment of R$ 20,000.00; Increase in Accounts Receivable of R$ 40,000.00; Increase in Suppliers / Trade Payables of R$ 25,000.00; and Increase in Inventories of R$ 15,000.00. What is the Net Cash Flow from Operating Activities (Fluxo de Caixa das Atividades Operacionais)?

A.R$ 300,000.00

B.R$ 340,000.00

C.R$ 260,000.00

D.R$ 380,000.00

Explanation: Under the Indirect Method of CPC 03 / NBC TG 03, Net Cash Flow from Operating Activities is reconciled as follows: Net Income (R$ 300,000) + Non-cash Depreciation (R$ 50,000) - Non-operating Gain on disposal of PPE (R$ 20,000) - Increase in Accounts Receivable (R$ 40,000) + Increase in Suppliers (R$ 25,000) - Increase in Inventories (R$ 15,000) = R$ 300,000.00. The gain on PPE disposal is deducted because the full cash proceeds from asset sales belong to Investing Activities.

7Company Alpha holds a 30% direct voting equity interest in Affiliate Beta, over which it exercises significant influence (influência significativa). In the 2026 financial year, Affiliate Beta reported a net income (lucro líquido) of R$ 200,000.00 and subsequently declared and approved cash dividends of R$ 50,000.00. Under NBC TG 18 (R3) / CPC 18 (Investimento em Coligada e Controlada), how should Company Alpha record the equity method adjustment and the dividend distribution?

A.Recognize Equity Income of R$ 60,000.00 and Dividend Revenue of R$ 15,000.00 both in profit or loss.

B.Recognize Dividend Revenue of R$ 15,000.00 in profit or loss, with no recognition of the affiliate's net income until distributed.

C.Recognize Equity Income of R$ 45,000.00 (net of dividends) in profit or loss, with no separate entry for dividends.

D.Recognize Equity Income (Receita de Equivalência Patrimonial) of R$ 60,000.00 in profit or loss; and record the dividend of R$ 15,000.00 as a reduction of the investment carrying value (Debit Dividends Receivable, Credit Investment).

Explanation: Under the Equity Method (Método de Equivalência Patrimonial - MEP) governed by NBC TG 18 / CPC 18: (1) The investor recognizes its proportional share of the investee's profit or loss as Equity Income in profit or loss: 30% × R$ 200,000.00 = R$ 60,000.00 (Dr. Investment in Affiliate, Cr. Equity Income). (2) Dividends declared by the affiliate represent a return of capital, reducing the carrying amount of the investment: 30% × R$ 50,000.00 = R$ 15,000.00 (Dr. Dividends Receivable / Cash, Cr. Investment in Affiliate). Declared dividends are NOT recognized as revenue in profit or loss to prevent double counting.

8On December 1, 2026, an enterprise obtained a bank loan of R$ 600,000.00 to be repaid in 30 equal, consecutive monthly principal installments of R$ 20,000.00, starting on January 31, 2027. In the Balance Sheet dated December 31, 2026, how should this obligation be classified between Current Liabilities (Passivo Circulante) and Non-Current Liabilities (Passivo Não Circulante) in accordance with NBC TG 26 (R5) / CPC 26 (R1)?

A.Passivo Circulante: R$ 600,000.00; Passivo Não Circulante: R$ 0.00.

B.Passivo Circulante: R$ 240,000.00; Passivo Não Circulante: R$ 360,000.00.

C.Passivo Circulante: R$ 0.00; Passivo Não Circulante: R$ 600,000.00.

D.Passivo Circulante: R$ 200,000.00; Passivo Não Circulante: R$ 400,000.00.

Explanation: Under NBC TG 26 / CPC 26, liabilities due to be settled within 12 months after the reporting period (from January 1, 2027 to December 31, 2027) must be classified as Current Liabilities (Passivo Circulante): 12 months × R$ 20,000.00 = R$ 240,000.00. The remaining 18 installments maturing after December 31, 2027 must be classified as Non-Current Liabilities (Passivo Não Circulante): 18 months × R$ 20,000.00 = R$ 360,000.00.

9The Statement of Added Value (Demonstração do Valor Adicionado - DVA) is mandatory for Brazilian publicly traded corporations (sociedades anônimas de capital aberto) under Lei 6.404/76 (amended by Lei 11.638/07) and regulated by NBC TG 09 / CPC 09. In the distribution section of the DVA (Distribuição do Valor Adicionado), where should Interest on Equity (Juros sobre o Capital Próprio - JCP) credited or paid to shareholders and Rental Expenses paid to third parties be presented, respectively?

A.Remuneração de Capitais Próprios (Equity capital remuneration) and Remuneração de Capitais de Terceiros (Third-party capital remuneration).

B.Remuneração de Capitais de Terceiros and Impostos, Taxas e Contribuições.

C.Remuneração de Capitais Próprios and Pessoal e Encargos.

D.Ambas no grupo Remuneração de Capitais de Terceiros.

Explanation: According to NBC TG 09 / CPC 09, the distribution of wealth in the DVA is divided into four major groups: 1. Pessoal (Personnel), 2. Impostos, Taxas e Contribuições (Government/Taxes), 3. Remuneração de Capitais de Terceiros (Third-party capital: interest, financial expenses, and rents paid to third parties), and 4. Remuneração de Capitais Próprios (Equity remuneration: dividends, interest on equity - JCP, and retained earnings/losses). JCP represents a return to shareholders (Remuneração de Capitais Próprios), while rental expenses represent remuneration to third-party asset providers (Remuneração de Capitais de Terceiros).

10Under NBC TG 47 / CPC 47 (Receita de Contrato com Cliente), revenue recognition follows a comprehensive 5-step model. Which of the following correctly describes Step 2 of this model?

A.Identify the contract(s) with a customer.

B.Determine the transaction price.

C.Allocate the transaction price to the performance obligations in the contract.

D.Identify the performance obligations (obrigações de desempenho) in the contract.

Explanation: The 5-step framework under NBC TG 47 / CPC 47 (IFRS 15) is: Step 1: Identify the contract with a customer; Step 2: Identify the performance obligations in the contract (identificar as obrigações de desempenho); Step 3: Determine the transaction price; Step 4: Allocate the transaction price to the performance obligations; Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.

About the CFC Exame de Suficiência Exam

The CFC Exame de Suficiência is the mandatory national qualifying board examination established by Federal Law No. 12.249/2010 and administered biannually by Fundação Getulio Vargas (FGV) on behalf of the Conselho Federal de Contabilidade (CFC). Passing the exam is the compulsory statutory prerequisite for accounting graduates (Bacharéis em Ciências Contábeis) to obtain their professional registration with their respective Regional Accounting Council (CRC) and legally practice as certified accountants in Brazil. The official exam comprises 50 multiple-choice questions. Tested domains include Brazilian Accounting Standards (Normas Brasileiras de Contabilidade - NBCs / CPCs aligned with IFRS), general financial accounting (Balance Sheet, DRE, DFC, DMPL, DVA), cost and managerial accounting, applied public sector accounting (CASP / MCASP), independent auditing (NBC TA), forensic accounting (NBC TP / PP), tax law, corporate law (Lei 6.404/1976), and professional accounting ethics (NBC PG 01).

Assessment

4 hours: 50 multiple-choice questions covering Financial Accounting, Cost Accounting, Public Sector Accounting (CASP), Auditing, Forensics, Ethics, Tax Law, Commercial Law, and Math

Time Limit

4 hours

Passing Score

50% (minimum 25 correct answers out of 50 questions)

Exam Fee

R$ 130,00 (Conselho Federal de Contabilidade (CFC) — Organized by Fundação Getulio Vargas (FGV))

CFC Exame de Suficiência Exam Content Outline

25%

Contabilidade Geral e Demonstrações Contábeis (Financial Accounting)

NBC TG / CPC standards aligned with IFRS, conceptual framework (CPC 00 R2), asset measurement, inventory valuation (CPC 16 / FIFO, weighted average), property, plant and equipment (CPC 27), intangible assets (CPC 04), impairment testing (CPC 01), provisions and contingent liabilities (CPC 25), revenue recognition (CPC 47), leases (CPC 06 R2), and mandatory financial statements (Balanço Patrimonial, DRE, DFC, DMPL, DVA, Notas Explicativas under Lei 6.404/1976).

15%

Contabilidade de Custos e Gerencial (Cost & Managerial Accounting)

Cost classification (direct vs indirect, fixed vs variable), absorption costing (custeio por absorção), variable/direct costing (custeio variável), standard costing, activity-based costing (ABC), cost-volume-profit analysis (break-even points: contábil, financeiro, econômico, margem de contribuição, grau de alavancagem operacional), and inventory valuation for manufacturing entities.

15%

Contabilidade Aplicada ao Setor Público - CASP (Public Accounting)

Manual de Contabilidade Aplicada ao Setor Público (MCASP), NBC TSP standards (IPSAS convergence), budgetary accounting vs patrimonial accounting, stages of public revenue (previsão, lançamento, arrecadação, recolhimento) and public expenditure (fixação, empenho, liquidação, pagamento), Restos a Pagar, Plano de Contas Aplicado ao Setor Público (PCASP), and public financial statements.

15%

Auditoria e Perícia Contábil (Audit & Forensic Accounting)

NBC TA professional audit standards (ISA convergence), audit planning, audit risk and materiality (NBC TA 320), audit sampling (NBC TA 530), internal controls evaluation, audit evidence (NBC TA 500), auditor reporting and opinion types (unmodified, qualified, adverse, disclaimer under NBC TA 700/705), forensic accounting standards (NBC TP 01), and expert witness reports (laudo pericial contábil).

10%

Legislação e Ética Profissional (Ethics & CFC Governance)

CFC Code of Professional Ethics for Accountants (NBC PG 01), independence standards for audit engagements, professional responsibilities, continuing professional education (PEPC), and regulatory powers and sanction procedures of the CFC and Regional Accounting Councils (CRCs) under Decreto-Lei 9.295/1946 and Lei 12.249/2010.

10%

Noções de Direito e Legislação Aplicada (Law & Taxation)

Brazilian corporate and commercial law (Lei 6.404/1976 as amended by Laws 11.638/2007 and 11.941/2009, types of business entities, share capital, reserves, dividends), basic tax law (tributos, IRPJ/CSLL under Lucro Real, Lucro Presumido, Simples Nacional, ICMS, PIS/COFINS), and labor and social security legislation.

10%

Matemática Financeira e Estatística (Quantitative Methods)

Simple and compound interest calculations, effective and nominal rates, equivalent interest rates, annuities, discounted cash flow methods (NPV, IRR), loan amortization systems (SAC and Tabela Price), and descriptive statistics concepts (measures of central tendency, variance, standard deviation).

How to Pass the CFC Exame de Suficiência Exam

What You Need to Know

Passing score: 50% (minimum 25 correct answers out of 50 questions)
Assessment: 4 hours: 50 multiple-choice questions covering Financial Accounting, Cost Accounting, Public Sector Accounting (CASP), Auditing, Forensics, Ethics, Tax Law, Commercial Law, and Math
Time limit: 4 hours
Exam fee: R$ 130,00

Keys to Passing

Work through all 100 available questions
Review every answer and explanation
Track weak areas and revisit them
Use our AI tutor for tough concepts

CFC Exame de Suficiência Study Tips from Top Performers

1Master core CPC standards: CPC 00 (Estrutura Conceitual), CPC 01 (Impairment), CPC 16 (Estoques), CPC 25 (Provisões e Passivos Contingentes), and CPC 27 (Ativo Imobilizado).

2Practice cost accounting calculations: determine absorption cost vs variable cost per unit, calculate contribution margin (Margem de Contribuição), and compute break-even points (Ponto de Equilíbrio).

3Understand CASP fundamentals: distinguish budgetary stages (empenho, liquidação, pagamento) from patrimonial recognition of assets and liabilities under the MCASP PCASP structure.

4Review auditing opinion criteria under NBC TA 705: identify when an auditor must issue a qualified opinion (ressalva), an adverse opinion (opinião adversa), or a disclaimer of opinion (abstenção de opinião).

5Memorize key rules from the CFC Code of Ethics (NBC PG 01) regarding advertising, fee setting, professional confidentiality, and safeguards for auditor independence.

Frequently Asked Questions

What is the passing score for the CFC Exame de Suficiência?

To pass the CFC Exame de Suficiência, a candidate must correctly answer at least 25 out of the 50 multiple-choice questions, which corresponds to exactly 50% of the total score. There is no minimum score required per individual discipline.

Who is eligible to register for the CFC Exame de Suficiência?

Graduates holding a Bachelor of Science in Accounting (Bacharel em Ciências Contábeis) and undergraduate students enrolled in their final academic year (or last two semesters) of an accredited accounting degree program are eligible to sit for the exam.

How often is the CFC Exame de Suficiência administered?

The examination is conducted twice each year (Edição 1 in May/June and Edição 2 in September/October) across all 26 Brazilian state capitals and the Federal District, organized by Fundação Getulio Vargas (FGV).

What is the examination fee for the CFC Exame de Suficiência in 2026?

The registration fee is R$ 130,00 per edition, with fee exemption available for low-income applicants registered in the Federal Government's CadÚnico program.

How does this practice bank adapt the CFC examination?

This practice bank adapts the official CFC/FGV syllabus into 100 rigorous 4-option MCQs in English, covering Brazilian Accounting Standards (CPCs/NBCs), CASP, cost accounting, auditing, forensic accounting, tax law, and ethics with complete step-by-step calculations.