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| Section | Weight | Objectives |
|---|---|---|
| Select Balance Sheet Accounts | 30-40% | - Liabilities and equity accounts - Cash and receivables - Investments and intangible assets - Inventory and property, plant, and equipment |
| Financial Reporting | 30-40% | - Preparation and presentation of financial statements - Disclosures and reporting requirements (e.g., segment, interim reporting) - Conceptual framework and standard-setting - Reporting for for-profit, not-for-profit, and governmental entities |
| Select Transactions | 25-35% | - Income taxes and other transaction types - Leases and financing transactions - Revenue recognition |
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