Myanmar CPA Part II study guide
Myanmar CPA Part II · Work through your exam, one topic at a time.
Myanmar CPA Part II is the second tier of the professional accountancy qualification administered in Myanmar, sitting above the foundation and intermediate stages and below the final stage that leads to full CPA membership. It is aimed at candidates who already hold a recognised accounting or business degree, or who have cleared the earlier papers, and who intend to practise as auditors, work in industry finance functions, or join the tax and advisory arms of firms in Yangon and Mandalay. The Myanmar CPA Part II study guide has 8 sections and about 2,195 words.
01Financial Accounting and Reporting
Financial Accounting and Reporting tests how well you apply the Myanmar Financial Reporting Standards (MFRS) to prepare and present general-purpose financial statements. Expect the conceptual framework, revenue, leases, property plant and equipment, impairment, provisions, inventories and presentation disclosures.
298 words, about 1 min02Advanced Financial Reporting and Consolidated Financial Statements
This domain tests control assessment, business combinations, consolidation adjustments, non-controlling interests (NCI), associates, joint arrangements and foreign currency translation. The exam expects journal-level reasoning, not just a consolidated total.
283 words, about 1 min03Management Accounting and Performance Management
Management Accounting and Performance Management tests cost behaviour, costing methods, CVP analysis, budgeting, variance analysis, transfer pricing and divisional performance measures. Questions often require you to compute a figure and explain its behavioural consequence.
276 words, about 1 min04Auditing and Assurance
Auditing and Assurance tests risk-based audit planning, evidence, internal control, materiality, audit reporting and ethical independence under the Myanmar Standards on Auditing (MSA), which are based on ISA. Expect scenario questions on going concern, subsequent events and modifications.
272 words, about 1 min05Taxation (Myanmar Income Tax and Commercial Tax)
This domain tests Myanmar income tax computation, residency, deductible and non-deductible expenses, capital allowances, commercial tax and specific goods tax. The tax year runs from 1 April to 31 March, and computations must start from accounting profit and adjust to taxable profit.
289 words, about 1 min06Business Law and Corporate Governance
Business Law and Corporate Governance tests the Myanmar Companies Law 2017, incorporation, share capital, directors' duties, meetings, dividends, financial reporting and governance. Expect questions on DICA filings, board authority and related-party transactions.
250 words, about 1 min07Finance and Financial Management
Finance and Financial Management tests time value of money, capital budgeting, cost of capital, leverage, working capital and risk. Questions usually require a numerical decision and a short interpretation.
260 words, about 1 min08Professional Ethics and Information Technology
This domain tests the Myanmar CPA Code of Ethics, aligned with the IESBA framework, and the IT controls that support reliable financial reporting. Expect threats, safeguards, confidentiality, independence, cybersecurity, and audit data analytics.
267 words, about 1 min