Myanmar CPA Part II study plan

Apply the MFRS/IFRS-aligned conceptual framework and Myanmar Financial Reporting Standards recognition and measurement rules to revenue, inventory and property, plant and equipment scenarios

Prepare a full set of financial statements (statement of financial position, statement of profit or loss and other comprehensive income, statement of changes in equity, statement of cash flows, notes) from a trial balance within time pressure

Compute depreciation, impairment, revaluation surplus and disposal gains or losses, and record the related journal entries

Distinguish adjusting from non-adjusting events after the reporting period and draft the required disclosures

Apply MFRS 15 five-step revenue model to multi-element contracts, variable consideration and contract costs

Account for leases under MFRS 16 from both lessee and lessor perspectives, including remeasurement and sale-and-leaseback

Prepare consolidation workings for a simple group: cost of investment versus fair value of net assets, goodwill, non-controlling interest and pre- and post-acquisition reserves

Eliminate intra-group sales, unrealised profit in inventory and intra-group receivables and payables

Consolidate a group with a subsidiary acquired mid-year and a partially owned subsidiary, allocating profit between owners of the parent and non-controlling interest

Apply equity accounting to an associate and explain the difference from proportional consolidation

Account for step acquisitions, disposals of subsidiaries and changes in ownership without loss of control

Prepare the consolidated statement of cash flows including acquisition and disposal adjustments

Compute cost of goods manufactured, cost of production and cost of goods sold for a manufacturer and reconcile the results

Apply process costing with normal loss, abnormal loss and equivalent units under both weighted-average and FIFO methods

Prepare a flexible budget, compute all material, labour and overhead variances, and explain possible causes of each variance

Evaluate a decision using relevant costing, limiting factors and make-or-buy or accept-or-reject analysis, and justify the recommendation

Apply the International Standards on Auditing planning cycle: risk assessment, materiality determination, and design of further audit procedures responsive to assessed risks

Distinguish tests of controls from substantive procedures and select the appropriate procedure for given assertions

Evaluate audit evidence for sufficiency and appropriateness, and identify the effect of a misstatement on the audit opinion

Draft the correct opinion wording for unmodified, qualified, adverse and disclaimer situations, and identify going-concern and subsequent-event implications

Compute Myanmar income tax liability for an individual, applying residency rules, allowable deductions, reliefs and the current progressive rate schedule

Compute corporate income tax for a company, including capital allowances, disallowed expenses and loss carry-forward rules

Determine Commercial Tax treatment (sales, service, or specific goods) and compute output tax, input tax credit and tax payable for a trading business

Identify the filing, payment and withholding obligations and deadlines for income tax and Commercial Tax

Apply Myanmar Companies Law requirements on incorporation, share capital, directors' duties, meetings and financial reporting to short scenario questions

Distinguish the roles of the board, audit committee and external auditor, and evaluate a corporate governance failure against a recognised code

Compute and interpret key ratios, working capital, the operating cycle and gearing to assess a company's liquidity and solvency

Evaluate an investment appraisal using NPV, IRR and payback, including sensitivity analysis on a single variable

Apply the fundamental principles and threats-and-safeguards framework to ethical dilemmas involving independence, confidentiality and conflicts of interest

Identify controls and risks in computerised accounting information systems, including access control, data integrity and audit trail

Revise the three highest-weight domains through spaced retrieval, targeting only items flagged in earlier error logs

Complete two full timed mock exams and convert each result into a prioritised final-week revision list