Myanmar CPA Part I study plan

Map the Myanmar Financial Reporting Standards (MFRS) framework against the exam syllabus and list every standard that applies to a typical trading or manufacturing entity

Prepare journal entries and full financial statements for revenue recognised over time under a construction-style contract, including contract asset and liability presentation

Solve 15 multiple-choice items on MFRS 15 five-step model and record the reasoning behind each wrong option

Build a one-page formula sheet covering present value, depreciation methods, and impairment reversal rules

Consolidate a parent and one subsidiary from trial balances, eliminating intra-group sales, unrealised profit in inventory, and intercompany receivables

Compute goodwill and non-controlling interest under both the proportionate and fair-value methods and explain the difference in one paragraph

Draft the statement of cash flows using the indirect method from a given statement of financial position and income statement

Answer 20 exam-style items on consolidation adjustments within a timed 40-minute block

Apply MFRS for leases, deferred tax, and financial instruments to three short scenarios and identify the disclosure notes each requires

Compute Myanmar commercial tax, specific goods tax, and income tax on a sample company's transactions and reconcile the tax charge to accounting profit

Distinguish deductible from non-deductible expenses under Myanmar income tax rules and list five common disallowances with authority

Produce a tax computation template that links accounting profit to taxable profit and tax payable

Compute cost of goods manufactured, process costing with normal loss, and equivalent units for a two-department flow

Prepare a flexible budget and a variance analysis report separating price, efficiency, and volume variances with written explanations of each cause

Calculate taxable income for a partnership and for an individual under Myanmar tax law, including reliefs and progressive rates

Complete 25 mixed management accounting and tax multiple-choice items under timed conditions and log every miss by cause

Map the audit process from engagement acceptance to audit report against Myanmar Standards on Auditing and note which standards govern each stage

Assess inherent, control, and detection risk in two given scenarios and justify the planned audit response for each

Design substantive procedures for revenue, inventory, and receivables, stating the assertion each procedure addresses

Draft an auditor's report with a modified opinion and explain in writing why each modification is appropriate

Apply professional scepticism and independence rules to five ethics scenarios and identify the specific threat and safeguard for each

Outline the Myanmar Companies Law requirements for incorporation, share capital changes, directors' duties, and statutory registers

Explain the duties of auditors and directors under Myanmar law and describe the consequences of breach

Answer 20 case-based items combining audit judgement and corporate governance within 45 minutes

Compute and interpret GDP, inflation, and balance-of-payments indicators and explain how each affects a Myanmar exporter's pricing decision

Calculate NPV, IRR, payback, and weighted average cost of capital for two mutually exclusive projects and recommend one with justification

Describe internal controls over a computerised accounting system and list five control weaknesses with matching controls

Explain confidentiality, integrity, and professional competence duties in the context of handling client data

Sit two full-length timed mock exams under exam conditions and record the score for every domain

Re-study only the three weakest domains, redoing every missed item from weeks 1 to 7

Memorise the key rate tables, thresholds, and standard references using a condensed one-page recall sheet

Practise time allocation per question type and confirm the order in which you will attempt each section