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Singapore CA Qualification (Foundation) Advanced Financial Reporting — Information & Free Practice

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Exam Review

About Singapore CA Qualification (Foundation) Advanced Financial Reporting

Singapore CA Qualification (Foundation) Advanced Financial Reporting · SG

Key exam facts

Provider
ISCA administers the Singapore CA Qualification; ACRA is responsible for development of the qualification.
Format
Restricted open-book MCQ e-examination on Cirrus with remote proctoring through Proctorio; standalone and short case-based questions, from June 2026.
Exam questions
Total questions: 50.
Time limit
2 hours 30 minutes of examination time. AFF sitting: 2 December 2026, 14:00–16:30 Singapore time (GMT+8).
Passing score
At least 50% of the available examination marks to pass the module.
Exam fee
Per-module examination fee, GST included: S$408.75 non-students; S$327.00 students in formal tertiary education at enrolment; re-sit S$218.00. Tuition excluded; separate application, annual candidature and conditional administrative fees may apply. Fees subject to change.

Topics covered

  • Financial Reporting Framework (7%)

    • Compliance and Ethics in Financial Reporting
    • Emerging Trends and Current Issues

  • Recognition of the Elements of Financial Statements (13%)

    • Impairment of Assets (SFRS(I) 1-36)
    • Construction Contracts (under SFRS(I) 15 Revenue from Contracts with Customers)
    • Intangible Assets (including Goodwill under SFRS(I) 1-38)
    • Non-current Assets Held for Sale and Discontinued Operations (SFRS(I) 5)
    • Related Parties (SFRS(I) 1-24)

  • Financial Assets and Financial Liabilities (20%)

    • Derivatives and Hedging (including SFRS(I) 7, 9, 13 and SFRS(I) 1-32, 1-39)
    • Share-Based Payment Transactions and Arrangements (SFRS(I) 2)

  • Consolidated Financial Statements (SFRS(I) 3, 10, 11, 12, and 1-28) (53%)

    • Introduction to Business Combinations
    • Consolidation of Financial Statements
    • Post-Acquisition and Intra-Group Transactions
    • Associates and Equity Accounting

  • Foreign Operations (7%)

    • Foreign Operations

How to prepare

Work through the topics, read the explanation after each answer, and revisit the areas where you miss questions. Use the official outline and reference materials below to guide your study.

These independent practice questions are not actual exam items and do not guarantee a passing result.

Frequently asked questions

What is the exam format?

Restricted open-book MCQ e-examination on Cirrus with remote proctoring through Proctorio; standalone and short case-based questions, from June 2026.

How many questions are on the exam?

Total questions: 50.

How long is the exam?

2 hours 30 minutes of examination time. AFF sitting: 2 December 2026, 14:00–16:30 Singapore time (GMT+8).

What is the passing score?

At least 50% of the available examination marks to pass the module.

How much does the exam cost?

Per-module examination fee, GST included: S$408.75 non-students; S$327.00 students in formal tertiary education at enrolment; re-sit S$218.00. Tuition excluded; separate application, annual candidature and conditional administrative fees may apply. Fees subject to change.

Official sources and references

Confirm current exam arrangements with the exam provider.