Myanmar DA Part II Module I study guide
Myanmar DA Part II Module I · Work through your exam, one topic at a time.
Myanmar DA Part II Module I is one stage of the Diploma in Accountancy, a professional accountancy qualification taken in Myanmar by candidates working towards a recognised accounting credential. It sits after the foundation stage and assumes you can already read a set of accounts, post double entries and handle basic business mathematics. The Myanmar DA Part II Module I study guide has 8 sections and about 2,088 words.
01Financial Accounting
Financial Accounting in Myanmar DA Part II Module I tests how you apply the Myanmar Financial Reporting Standards (MFRS), which are IFRS-based, to recognition, measurement, presentation and disclosure. Expect the conceptual framework, revenue, leases, provisions, financial instruments, consolidation and cash flows.
270 words, about 1 min02Cost and Management Accounting
Cost and Management Accounting tests cost classification, product costing, budgeting, standard costing, variance analysis, cost-volume-profit analysis and relevant costing for short-term decisions. Separate product costs from period costs; only product costs enter inventory.
249 words, about 1 min03Auditing and Assurance
Auditing and Assurance tests the Myanmar Standards on Auditing (MSA), which are based on ISAs, plus ethical requirements and the audit report. Expect risk assessment, materiality, evidence, internal control, going concern and reporting.
261 words, about 1 min04Business Law and Taxation
Business Law and Taxation covers the Myanmar Companies Law 2017, contract, sale of goods, negotiable instruments, partnership, and the main taxes: income tax, commercial tax, specific goods tax and stamp duty. A company is a separate legal person; directors owe duties of care, good faith and disclosure of conflicts.
261 words, about 1 min05Business Mathematics
Business Mathematics tests time value of money, interest, annuities, net present value, break-even analysis, matrices and basic calculus applied to business decisions. Simple interest = P × r × t; compound amount = P(1 + r)^n.
253 words, about 1 min06Statistics and Quantitative Methods
Statistics and Quantitative Methods tests descriptive statistics, probability, sampling, estimation, hypothesis testing, regression, time series, index numbers and decision analysis. Mean, median and mode measure central tendency; standard deviation measures dispersion.
255 words, about 1 min07Economics and Business Environment
Economics and Business Environment tests microeconomics, macroeconomics and the Myanmar business setting: demand and supply, elasticity, market structures, GDP, inflation, monetary and fiscal policy, exchange rates and regional integration. Price elasticity of demand = % change in quantity demanded / % change in price.
278 words, about 1 min08Information Technology and Business Communication
Information Technology and Business Communication tests business software, spreadsheets, databases, networks, e-commerce, IT controls, cybersecurity, and professional written and oral communication. Use relative references for copied formulas and absolute references ( A 1) for fixed inputs.
261 words, about 1 min