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Introduction

The curriculum for the qualification of an Arab public accountant has been developed to comply with the international curriculum issued by the United Nations Conference on Trade and Development (UNCTAD). It was created in collaboration with a group of consultants from ASCA, Association of Chartered Certified Accountants (ACCA), Certified General Accountants Association in Canada (CGA–Canada), European Commission, the Federation International des Experts Compatibles Francophone (FIDEF), the Institute of Chartered Accountants of Scotland (ICAS), the Polish Accounting Standards Board and the International Federation of Accountants (IFAC), as well as representatives of academic and international accounting firms acting in their personal capacity.
 
Curriculum

Part 1: Business Administration

• Introduction to Economy and Economic Crisis.
• Demand and Supply Model and Applications.
• Producer Behavior and Market Structures.
• Macroeconomics and Applications.
• Stock Market and Government Policies.
• Capital Budgeting and Project Assessment.
• Nature and Purpose of Financial Management.
• Capital Structure and Cost.
• Management Working Capital.
• Investment Analysis and Role of Financial Markets.
• Financial Risk Management.
• Corporate Governance.
• Short- Run Finance and Capital Budgeting.
• Basics of Costing.
• Costing approaches (absorption and variable costs).
• Costing systems (process, job order, ABC).
• Cost allocation (joint costs and service departments’ costs).
• Cost Control

Part 2: Accounting

• The Frame of Financial Statements Preparation and Presentation.
• Presentation of Financial Statements.
• Income Statement Items.
• Statement of Cash Flows.
• Disclosure of Financial Statements.
• Cash and Receivables.
• Inventory.
• Property, Plants and Equipment.
• Intangible Assets.
• Equity.
• Leases.
• Financial Instruments.
• Current Liabilities and Contingencies.
• Consolidated and Separate Financial Statements and Business Combination.
• Construction Contracts.
• Corporate Accounting.
• The Concept of Non- Profit Organizations and Reporting and Accounting them.
• Government Accounting.

Part 3: Auditing

• General Objectives of Auditing and Acceptance of Engagement.
• Planning the Audit and Understanding the Nature of Client and His Environment.
• Internal Control.
• Risk Evaluation and Response.
• Design and Implement Audit Program (1): Commitment Test.
• Design and Implement Audit Program (2): Material Tests.
• Assessment of Evidences.
• Issuance of Reports.
• Provision of Review Services.
• Provision of other Assurance and Related Services and Quality Control.

Part 4: Regulations

I. Taxes

• Overview of the national tax system.
• Income tax on employees and non-shareholding companies.
• Tax on shareholding companies.
• The use of computers for tax planning and preparation of tax returns.
• National insurance plans and credits.
• Plans of VAT, capital earnings tax, sales tax, taxes on inheritance.
• Direct local taxes, including taxes on real estate and other property.
• Other taxes such as excise taxes and road taxes.
• Tax planning and implementation of appropriate tax planning procedures.
• Non-domestic (external) activities that cause tax liabilities.
• Ethical considerations in determining the amount of the tax by avoiding non-real taxes.

II. Commercial and Business Law

• General legal concepts of applicable rights & duties, national legal system, general principles of contracts law, sale of goods contracts & employment contracts.
• Nature, purpose and scope of the national legislation and guidance and lawsuits law and its key principles.
• Associations’ law such as clubs and individual companies to carry out certain activities, rights and duties of members and businesses of these associations, third parties’ rights, and the rules regulating the financial statements and underwriting prospectus
• Insolvency laws: filing for insolvency procedures under the relevant (prevailing) laws, creditors’ rights and other interested parties.
• Companies Act and nature of limited liability companies.
• Capital and corporate finance and corporate management.
 
Content from: ASCA Website


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Exam Schedule 2012

To view exam schedule for 2013 click here
 
ACPA Graduates

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Sample Questions with Answer Key

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ACPA Exam 2012

The Arab Certified Public Accountant (ACPA) Exam held today November 10, 2012. The success of the ACPA exam is a collaboration of Arab Society of Certified Accountants (ASCA) and Development Institute.

To view ACPA Exam 2012, click here.
 
 
 
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