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CPA FIN Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Select Transactions | 20-30% | - Derivatives and hedge accounting - Fair value measurements - Accounting changes and error corrections - Foreign currency transactions and translation - Business combinations and consolidations |
| Conceptual Framework, Standard-Setting and Financial Reporting | 25-35% | - General purpose financial statements - Conceptual framework and standard-setting - Public company reporting requirements - Special purpose frameworks |
| Not-for-Profit Entities | 5-15% | - Revenue, contributions, and net asset classifications - Disclosures and reporting requirements - Reporting model and financial statements |
| State and Local Governments | 5-15% | - Fund financial statements and government-wide statements - Governmental accounting concepts and standards - Governmental reporting and note disclosures |
| Select Financial Statement Accounts | 30-40% | - Assets: cash, receivables, inventory, investments, PP&E, intangibles - Revenue recognition and expense recognition - Equity: capital stock, retained earnings, comprehensive income - Liabilities: payables, debt, leases, contingencies |
CPA FIN Exam — Your Questions, Our Answers
Registration for the CPA Finance goes through the official channels listed here:
One detail worth knowing before you book: the FIN exam is delivered Computer-based, proctored at Prometric test centers or online proctored.
Yes — the free trial exists so customers can fully understand the system before buying. Download the sample FIN practice questions at no cost, explore the interface, and check the verified answers yourself. Once you purchase, 365 days of free updates are included, and if the product expires, the update service renews at a 50% discount from your member zone.
The CPA Finance blueprint is organized into 5 domains, led by Select Transactions (20-30%), State and Local Governments (5-15%), and Not-for-Profit Entities (5-15%). The complete weighted syllabus appears above on this page — it is the checklist your preparation should be measured against.
You will face 57-74 questions within 240 minutes on the FIN exam. The real exam pressure comes from that ratio — knowledge alone does not finish exams on time. Rehearse with the TorrentExam test engine's timed mode, repeat the same question sets until the answers consolidate, and pacing stops being a risk factor.
Bachelor's degree with 150 credit hours (most jurisdictions); 24-30 hours upper-level accounting coursework; eligibility determined by State Board of Accountancy
Eligibility rules do get revised, so before booking, verify the current requirements on the official CPA exam page.
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CPA lists these training resources for the CPA Finance:
Courses build the framework; repeated practice consolidates it. Pair whichever resource you choose with 80 practice questions from TorrentExam and important knowledge points stay learned, not just seen.
The FIN exam — full title Finance — is CPA's own certification test, and passing it awards the Certified Public Accountant (CPA) certification at the Professional level. The certificate is valuable precisely because it is demanding: it proves to employers that your skills survived a vendor-built examination. It also serves as a stepping stone toward Auditing and Attestation (AUD), Taxation and Regulation (REG), Business Analysis and Reporting (BAR), Information Systems and Controls (ISC), Tax Compliance and Planning (TCP).
The passing score is 75 (scaled 0-99), and the official registration fee is $262.64 - $359 USD per section. Note that the fee pays for a single attempt — a retake is charged at full price again, which is the expensive way to discover weak spots. The cheaper discovery method is self-testing: drill 80 practice questions at TorrentExam in timed mode until your scores clear the passing mark with room to spare, then register.
CPA Finance Sample Questions:
A company has $500,000 available for investment and is considering the following four divisible, but not repeatable, projects to invest in:
Initial outlayNet present valueProfitability Index Project One$300,000$60,0001.20 Project Two$100,000$40,0001.40 Project Three$200,000$50,0001.25
Project Four$150,000$45,0001.30
What is the maximum net present value the company can generate from its investment?
- A. $110,000
- B. $135,000
- C. $195,000
- D. $145,000
Correct Answer: D 🗳️
A company has loan notes in issue paying interest at the rate of 6% per year. Interest has just been paid on the loan notes, which are due for repayment in exactly one year's time. The loan notes will be redeemed at $109 per $100 nominal value. A yield of 9% per year is required by investors from the loan notes.
What is the predicted current market value of the loan notes? (To the nearest $ and ignoring taxation)
- A. $102
- B. $108
- C. $100
- D. $106
Correct Answer: D 🗳️
Companies often invest temporary surplus cash to earn income. Consider the following statements:
1) The main advantage of short-term deposits with finance houses is that they are easily transferable to another investor should the company require cash sooner than previously thought.
2) Treasury bills are short-term instruments issued by government when they need money. They pay a small amount of cash interest on the sum invested.
Which ONE of the following combinations (true/false) is correct?
- A. Statement 1 = True, Statement 2 = False
- B. Statement 1 = False, Statement 2 = False
- C. Statement 1 = False, Statement 2 = True
- D. Statement 1 = True, Statement 2 = True
Correct Answer: B 🗳️
Aurora plc is considering an investment in a new process. The new process will require an increase in stocks of $30,000 during the first year. There will also be an increase in debtors outstanding of $40,000 and an increase of creditors outstanding of $35,000 during the first year. The new process will use machinery that was purchased immediately before the first year of operations at a cost of $300,000. The machinery is depreciated using the straight-line method and has an estimated life of five years and no residual value. During the first year, the net operating profit before depreciation from the new process is expected to be $180,000. The business uses the net present value method when evaluating investment proposals.
When undertaking the net present value calculations, what would be the estimated net cash flow during the first year of the project? (Ignore taxation)
- A. $215,000
- B. $145,000
- C. $85,000
- D. $155,000
Correct Answer: B 🗳️
A company sells 2,000,000 units of a particular product evenly throughout the year. The purchase price of the product is $22 per unit. The cost of placing an order is $20, the cost of holding one unit of stock for a year is $5 and the economic order quantity is 4,000 units.
What is the total annual cost of trading in this product?
- A. $44,020,000
- B. $44,010,000
- C. $44,230,000
- D. $44,030,000
Correct Answer: A 🗳️
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