Myanmar CPA Part I study guide
Myanmar CPA Part I · Work through your exam, one topic at a time.
Myanmar CPA Part I is the first stage of the professional accountancy qualification administered by the Myanmar Institute of Certified Public Accountants (MICPA). It is aimed at graduates and trainee accountants who intend to practise as auditors, work in corporate finance or reporting roles, or move into tax and advisory work inside Myanmar. The Myanmar CPA Part I study guide has 8 sections and about 2,423 words.
01Financial Accounting and Reporting
Financial Accounting and Reporting examines whether you can apply Myanmar Financial Reporting Standards (MFRS) to recognition, measurement, presentation and disclosure. MFRS are issued by the Myanmar Accountancy Council and are substantially based on IFRS, but candidates must use the Myanmar framework and the Myanmar Companies Law 2017 reporting requirements, not assume every IFRS option is available.
320 words, about 2 min02Management Accounting
Management Accounting tests cost classification, cost behaviour, budgeting, variance analysis, relevant costing, pricing, transfer pricing and performance measurement. The exam expects you to support internal decisions rather than prepare statutory accounts.
309 words, about 2 min03Auditing and Assurance
Auditing and Assurance tests the application of Myanmar Standards on Auditing (MSA), which are based on ISA. You must understand audit risk, materiality, evidence, planning, internal control, going concern, audit reports and professional scepticism.
306 words, about 2 min04Taxation (Myanmar tax law and practice)
Taxation tests Myanmar income tax, commercial tax, specific goods tax, customs and stamp duty, together with assessment, withholding and compliance. You need to compute taxable income from accounting profit and know the main rates and administrative rules.
314 words, about 2 min05Business Law and Corporate Governance
Business Law and Corporate Governance tests the Myanmar Companies Law 2017, contract and agency principles, company meetings, directors’ duties, shareholder rights, insolvency and governance codes. The focus is on how legal rules shape corporate decision-making.
313 words, about 2 min06Economics and Business Environment
Economics and Business Environment tests microeconomics, macroeconomics and the Myanmar business context. You should be able to explain demand and supply, elasticity, market structures, national income, inflation, unemployment, fiscal and monetary policy, trade and exchange rates.
295 words, about 1 min07Finance and Financial Management
Finance and Financial Management tests time value of money, capital budgeting, cost of capital, working capital, risk and return, valuation and dividend policy. You must make and justify investment and financing decisions.
287 words, about 1 min08Information Technology and Professional Ethics
Information Technology and Professional Ethics tests IT controls, data analytics, cybersecurity, privacy and the ethical standards expected of Myanmar accountants. The ethics content follows the Myanmar Accountancy Council code, which is aligned with the IESBA framework.
279 words, about 1 min