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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Select Transactions | 25–35 | - Accounting Changes and Error Corrections - Revenue Recognition (ASC 606) - Business Combinations and Consolidations - Leases (ASC 842) - Income Taxes (ASC 740) - Derivatives, Hedging, and Foreign Currency |
| Topic 2: Select Balance Sheet Accounts | 30–40 | - Liabilities, Debt, and Equity - Inventory and Property, Plant & Equipment - Cash, Receivables, and Investments - Fair Value Measurements - Intangible Assets and Goodwill |
| Topic 3: Financial Reporting | 30–40 | - Public Company Reporting and SEC Requirements - General-Purpose Financial Statements – For-Profit Entities - Conceptual Framework and Standard-Setting - Financial Statement Analysis and Ratios - General-Purpose Financial Statements – Not-for-Profit Entities - State and Local Governmental Accounting |
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