Myanmar DA Part II Module I study plan

Outline the regulatory framework for financial reporting in Myanmar (Myanmar Accountancy Council oversight, Myanmar Financial Reporting Standards, Myanmar Companies Law 2017 reporting duties) and state which entities apply which reporting basis.

Apply the conceptual framework: identify the objective of general-purpose financial statements, the qualitative characteristics, the definition and recognition criteria for assets, liabilities, income and expenses, and the measurement bases.

Record a full accounting cycle from source documents to post-closing trial balance using double entry, including accruals, prepayments, bad debts, and depreciation adjustments.

Distinguish the presentation requirements for statements of financial position, profit or loss and other comprehensive income, changes in equity, and cash flows, and classify items into the correct statement and section.

Apply measurement rules for inventories (cost formulas, net realisable value, write-downs), property plant and equipment (initial cost, subsequent measurement, depreciation methods, revaluation), and impairment loss recognition.

Account for revenue recognition under a five-step model, including contract liabilities, principal versus agent, and sale with right of return.

Prepare adjustments and disclosures for leases, provisions and contingencies, and borrowing costs, and explain the effect of each on profit, assets and liabilities.

Compute and interpret the key ratios: gross margin, operating margin, return on capital employed, current and quick ratio, gearing, inventory days and receivables days.

Prepare a complete set of financial statements for a sole trader and for a partnership, including admission, retirement, goodwill adjustment and profit-sharing changes.

Prepare company accounts covering share issues, dividends, taxation charge and retained earnings, and explain the purpose and basic mechanics of consolidation.

Define cost object, cost centre, direct and indirect cost, and classify a list of 30 costs by behaviour (fixed, variable, semi-variable, step) and by function (production, administration, selling).

Compute product cost under job costing and process costing, including normal loss, abnormal loss and equivalent units.

Reconcile profit under marginal costing and absorption costing, and explain the cause of any difference in closing inventory valuation.

Apply cost-volume-profit analysis: break-even units and value, margin of safety, target profit, contribution per limiting factor, and multi-product break-even using sales mix.

Prepare an operating budget cascade for a quarter: sales budget, production budget, material purchases, labour, and cash budget with collections and payments timing.

Evaluate a make-or-buy, accept-or-reject and shut-down decision using relevant costing, identifying sunk and opportunity costs.

Calculate and interpret direct material, direct labour, variable overhead and fixed overhead variances, and reconcile budgeted to actual profit through a full variance statement.

Explain the purpose, scope and limitations of an audit, and distinguish reasonable assurance, limited assurance and related services.

Describe the stages of an audit: engagement acceptance, planning and risk assessment, materiality determination, obtaining evidence, and forming the opinion.

Apply the audit risk model to a scenario and identify the assertions at risk for revenue, inventory and receivables, selecting the appropriate substantive procedure for each assertion.

Evaluate internal controls in the sales, purchases and payroll cycles, identify deficiencies, and recommend a control for each deficiency.

Distinguish the types of audit opinion (unmodified, qualified, adverse, disclaimer) and select the correct opinion for four given fact patterns relating to a scope limitation and a misstatement.

Explain the auditor's responsibilities for fraud, for laws and regulations, for going concern, and for subsequent events, and state the required documentation and communication.

State the structure of Myanmar taxation: income tax on individuals and companies, commercial tax, specific goods tax, and the role of the Internal Revenue Department.

Compute taxable income and tax liability for an individual with salary, rental and investment income, and for a company, applying allowable and disallowable expenses, capital allowances and loss relief.

Explain the Myanmar Companies Law 2017 rules on incorporation, share capital, directors' duties, and the main filing obligations of a company.

Solve time-value-of-money problems: present and future value of single sums and annuities, loan amortisation, and net present value and payback of a capital project.

Compute and interpret the mean, median, mode, standard deviation and coefficient of variation, and apply probability rules and expected value to a simple decision.

Construct and read a correlation coefficient, a simple linear regression forecast, a network diagram with critical path and float, and a basic linear programming solution with two constraints.

Describe the main macroeconomic indicators of Myanmar (GDP by sector, inflation, exchange rate and external trade) and explain the effect of monetary and fiscal policy on business.

Identify the accounting and business uses of spreadsheets and accounting software, the controls over computerised systems, and the risks of electronic commerce and data security.

Select the correct form and tone for business communication: report structure, email etiquette, and interpreting a written passage in a comprehension question.