CPA600 CPA600 ADVANCED PUBLIC FINANCE AND TAXATION

The aim of the syllabus is to apply relevant knowledge and skills and exercise professional judgement in providing relevant information and advice to individuals and businesses on the impact of the major taxes on financial decisions and situations. The Advanced Taxation syllabus further develops the key aspects of taxation introduced within the Applied Skills module and extends the candidates’ knowledge of the tax system, together with their ability to apply that knowledge to the issues commonly encountered by individuals and businesses, such that successful candidates should have the ability to interpret and analyse the information provided and communicate the outcomes in a manner appropriate to the intended audience. The syllabus builds on the basic knowledge of core taxes from the earlier taxation exam and introduces candidates to stamp taxes. As this is an optional exam, aimed at those requiring/desiring more than basic tax knowledge for their future professional lives, the syllabus also extends the knowledge of income tax, corporation tax, capital gains tax and inheritance tax to encompass further overseas aspects of taxation, the taxation of trusts and additional exemptions and reliefs. Computations will normally only be required in support of explanations or advice and not in isolation.

CPA601 CPA601 ADVANCED AUDITING AND ASSURANCE

The aim of the syllabus is to analyse, evaluate and conclude on the assurance engagement and other audit and assurance issues in the context of best practice and current developments. The Advanced Audit and Assurance syllabus further develops key skills introduced in Audit and Assurance at the Applied Skills level. The syllabus starts with the legal and regulatory environment including money laundering, and professional and ethical considerations, including the Code of Ethics and professional liability. This then leads into procedures in quality management, including quality management relevant at the firm and the engagement level and the acceptance and retention of professional engagements. The syllabus then covers the audit of financial statements, including planning, and evidence gathering. It then covers the completion, evidence evaluation and review and reporting on an audit of historical financial information. The next section moves onto other assignments including prospective financial information, due diligence and forensic audit as well as the reporting of these assignments. The next section covers current issues and developments relating to the provision of audit related and assurance services.

CPA602 CPA602 ADVANCED FINANCIAL REPORTING

PRIOR KNOWLEDGE IN FINANCIAL ACCOUNTING/REPORTING IS RECOMMENDED!

As a continuation of Financial Reporting, this course covers the accounting for business combinations, the preparation of consolidated financial statements, and other related topics including, but not limited to: step-by step acquisition, deconsolidation, segments reporting, and the goodwill impairment test. This course begins with a discussion of the scope and the differences between business combinations and asset acquisitions. The course explores the measurement and recognition principles of the acquisition method to account for business combinations. Then, the course covers the consolidation process. Students will learn how to prepare the consolidated financial statements and make all of the necessary consolidation adjustments.