Iran CPA Exam case studies
Iran CPA Exam · Put your knowledge to work in context.
The Iranian Certified Public Accountant credential (حسابدار رسمی) is the professional licence for practitioners who audit and attest to financial statements in Iran. It is administered under the oversight of the Iranian Association of Certified Public Accountants and is aimed at graduates in accounting, finance or related fields who intend to work in audit firms, as independent practitioners, or in senior financial reporting and tax roles. The Iran CPA Exam case studies are 5 cases and about 3,552 words.
1Revenue recognition for a customized machine contract with acceptance and return rights
Taraz Machine Manufacturing Co. (TMM), a Tehran Stock Exchange-listed entity reporting under IFRS, signs a contract on 1 Mordad 1402 with a domestic automaker to deliver 10 special-purpose CNC machines for a fixed price of 46,000 million rials.
760 words, about 4 min2Going-concern assessment, unapproved subsidy, and audit opinion for a distressed manufacturer
Hormoz Petrochemical Co. (HPC), a private Iranian manufacturer with a year ended 29 Esfand 1402, is being audited by a firm that set overall materiality at 18,000 million rials.
747 words, about 4 min3VAT apportionment for mixed taxable, exempt, and export sales with disputed input credits
Nikan Industrial Supplies Co., a VAT-registered manufacturer in Karaj, reports the following for the year ended 29 Esfand 1402, when the VAT rate is 10%: domestic sales of taxable goods 1,200,000 million rials; sales of VAT-exempt agricultural inputs 300,000 million; export sales 500,000 million. Input VAT incurred is 70,000 million directly attributable to taxable and export production, 18,000 million directly attributable to exempt goods, and 52,000 million common factory and administrative overhead.
539 words, about 3 min4Capital increase with an in-kind land contribution and minority preemption challenge
Sepahan Polymer JSC has paid-in capital of 200,000 million rials divided into 200 million shares of 1,000 rials. Alpha Holding owns 55%, Beta owns 30%, and minority shareholders own 15%.
760 words, about 4 min5ERP revenue-cycle control deficiencies and audit reliance after an interface failure
Darioush Food Distribution Co. implemented a new ERP suite in Farvardin 1402, replacing a legacy system.
746 words, about 4 min