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[ Paper 1.1 ]  [ Paper 1.2 ]  [ Paper 1.3 ]  [ Paper 2.1 ]  [ Paper 2.2 ]  [ Paper 2.3 ]  [ Paper 2.4 ]
[ Paper 2.5 ]  [ Paper 2.6 ]  [ Paper 3.1 ]  [ Paper 3.2 ]  [ Paper 3.5 ]  [ Paper 3.6 ]  [ Paper 3.7 ]


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PAPER 1.1   Preparing Financial Statement (MYS)    [ Top ]

AIM
To develop knowledge and understanding of the techniques used to prepare year-end financial statements, including necessary underlying records, and the interpretation of financial statements for incorporated enterprises, partnerships and sole traders.


OBJECTIVES
On completion of this paper candidates should be able to:

  • describe the role and function of external financial reports and identify their users
  • explain the accounting concepts and conventions present in generally accepted accounting principles
  • record and summarise accounting data
  • maintain records relating to non-current asset acquisition and disposal
  • prepare basic financial statements for sole traders, partnerships, incorporated enterprises and simple groups
  • appraise financial performance and the position of an organisation through the calculation and review of basic ratios
  • demonstrate the skills expected in Part 1
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PAPER 1.2   Financial Information for Management    [ Top ]

AIM
To develop knowledge and understanding of the application of management accounting techniques to support the management processes of planning, control and decision making.


OBJECTIVES
On completion of this paper candidates should be able to:

  • explain the role of management accounting within an organisation and the requirement for management information
  • describe costs by classification and purpose
  • identify appropriate material, labour and expense costs
  • understand the principles of costing and apply them in straightforward scenarios
  • understand and demonstrate the cost factors affecting production and pricing decisions
  • understand the basic principles of performance management
  • understand the principles of budgeting and apply them in straightforward scenarios
  • demonstrate the skills expected in Part 1
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PAPER 1.3   Managing People    [ Top ]

AIM
To develop knowledge and understanding of the techniques, processes and procedures which are required to ensure the efficient and effective use and deployment of human resources, and consequently to use the human resource to the fullest possible benefit of the organisation.


OBJECTIVES
On completion of this paper candidates should be able to:

  • identify, understand and explain the complex interpersonal relationships that exist within organisations
  • appreciate the relationship between theory and practice
  • understand the nature, processes and procedures of people management
  • explain the principles of successful team performance and the need to plan, monitor and evaluate team based work activities
  • investigate future personnel requirements and describe recruitment and selection procedures
  • understand and describe the principles of motivation
  • understand and describe the role and process of employee development
  • understand the need for clear and precise communication
  • explain the principles of effective counselling
  • describe the elements of disciplinary and grievance procedures
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PAPER 2.1   Informations Systems    [ Top ]

AIM
To develop a knowledge and understanding of information systems development and delivery as required to take an informed and active role in information systems solutions.


OBJECTIVES
On completion of this paper candidates should be able to:

  • explain how to effectively use information systems and information systems resources in an organisation
  • identify and apply methods of organising and accounting for information systems delivery and information systems projects
  • explain the principles of initiating, planning and controlling information systems projects
  • participate in the definition and specification of user and system requirements
  • describe how an appropriate solution might be defined to fulfil the specified user requirements
  • participate in the implementation, monitoring and maintenance of an information systems solution
  • participate in the quality assurance of an information systems project
  • identify how computer software can assist effective information systems management, development and quality assurance
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PAPER 2.2   Corporate & Business Law (MYS)    [ Top ]

AIM
To develop knowledge and understanding of the general legal framework within which an accountant operates in Malaysia. To develop an awareness of and an ability to understand both common law and statute in relation to specific legal areas of central importance to business.


OBJECTIVES
On completion of this paper candidates should be able to:

  • analyse and evaluate situations from a legal perspective
  • identify and explain the key features of the Malaysian Legal System, in particular, the main sources of law, the court system and the administration of justice
  • explain and demonstrate an ability to use the essential principles relating to the formation, content and remedies for breach of contract
  • explain the rules of agency as they apply to sole traders, partnerships and companies
  • explain the law relating to partnerships
  • distinguish companies from other forms of business enterprise, describe the different types of companies and explain, as well as apply, the rules relating to their financing, management, administration and regulation
  • explain the main aspects of employment law, including the contract of employment, its termination and remedies for unjustifiable termination
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PAPER 2.3   Business Taxation (MYS)    [ Top ]

AIM
To develop knowledge and understanding in the core areas of tax related to businesses and their employees.


OBJECTIVES
On completion of this paper candidates should be able to:

  • explain the operation of the Malaysian tax system
  • prepare computations of the income tax liability for individual companies
  • prepare computations of the income tax liability for employees, sole traders and partnerships
  • prepare computations of the real property gains tax liability for corporate and individual taxpayers
  • explain and apply the principles and scope of sales tax and service tax
  • explain the use of exemptions and reliefs in deferring or minimising income tax liabilities
  • demonstrate the skills expected in Part 2
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PAPER 2.4   Financial Management & Control    [ Top ]

AIM
To develop knowledge and understanding of financial management methods for analysing the benefits of various sources of finance and capital investment opportunities and of the application of management accounting techniques for business planning and control.


OBJECTIVES
On completion of this paper candidates should be able to:

  • explain the role and purpose of financial management
  • evaluate the overall management of working capital
  • evaluate appropriate sources of finance for particular situations
  • appraise capital investment through the use of appropriate methods
  • identify and implement appropriate costing systems and techniques
  • prepare budgets and use them to control and evaluate organisational performance
  • critically assess the tools and techniques of financial management and control
  • demonstrate the skills expected in Part 2
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PAPER 2.5   Financial Report (MYS)    [ Top ]

AIM
To build on the basic techniques in Paper 1.1 Preparing Financial Statements and to develop knowledge and understanding of more advanced financial accounting concepts and principles. Candidates will be required to apply this understanding by preparing and interpreting financial reports in a practical context.


OBJECTIVES
On completion of this paper candidates should be able to:

  • appraise and apply specified accounting concepts and theories to practical work place situations
  • appraise and apply the International regulatory framework of financial reporting
  • prepare financial statements for different entities to comply with specified International Accounting Standards and other related pronouncements
  • prepare group financial statements (excluding group cash flow statements) to include a single subsidiary and possibly an associated company or Joint Venture
  • analyse, interpret and report on financial statements (including cash flow statements) and related information to a variety of user groups
  • discuss and apply the requirements of other specified International Accounting Standards
  • demonstrate the skills expected in Part 2
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PAPER 2.6   Audit & Internal Review (MYS)    [ Top ]

AIM
To develop knowledge and understanding of the audit process and its application in the context of the external regulatory framework and for business control and development.


OBJECTIVES
On completion of this paper candidates should be able to:

  • understand the nature, purpose and scope of auditing and internal review, including the role of external audit and its regulatory framework, and the role of internal audit in providing assurance on risk management and on the control framework of an organisation
  • identify risks, describe the procedures undertaken in the planning process, plan work to meet the objectives of the audit or review assignment and draft the content of plans
  • describe and evaluate accounting and internal control systems and identify and communicate control risks, potential consequences and recommendations
  • explain and evaluate sources of evidence, describe the nature, timing and extent of tests on transactions and account balances (including sampling and analytical procedures) and design programs for audit and review assignments
  • evaluate findings, investigate inconsistencies, modify the work program as necessary, review subsequent events, and justify and prepare appropriate reports for users within and external to the organisation, including recommendations to enhance business performance
  • discuss and apply the requirements of relevant International Standards on Auditing
  • demonstrate the skills expected in Part 2
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PAPER 3.1   Audit & Assurance Services (MYS)    [ Top ]

AIM
To ensure that candidates can exercise judgement and apply techniques in the analysis of matters relating to the provision of audit and assurance services, and can evaluate and comment on current practices and developments.


OBJECTIVES
On completion of this paper candidates should be able to:

  • demonstrate their ability to work within a professional and ethical framework
  • understand current issues and developments relating to auditing and the provision of audit-related and assurance services
  • explain and evaluate the auditor´s position in relation to the acceptance and retention of professional appointments
  • evaluate and recommend quality control policies and procedures
  • identify and describe the work required to meet the objectives of audit and nonaudit assignments
  • apply and evaluate the requirements of relevant International Standards on Auditing
  • evaluate findings and the results of work performed and draft suitable reports on assignments
  • demonstrate the skills expected in Part 2
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PAPER 3.2   Advanced Taxation (MYS)    [ Top ]

AIM
To expand and deepen students´ knowledge and understanding of taxation, ensuring that they can apply their technical knowledge appropriately to practical problems and situations as well as explain, discuss and advise on complex tax issues.


OBJECTIVES
On completion of this paper candidates should be able to:

  • identify the tax issues involved in a particular business or personal situation
  • analyse the tax implications of a particular situation and exercise judgement in applying technical knowledge to that situation by way of computation, explanation or advice
  • recognise and handle the interaction between different taxes and between tax and pertinent non-tax aspects
  • recognise and evaluate opportunities for minimising or deferring tax liabilities by using available exemptions and reliefs and provide advice thereon
  • prepare computations and advise clients on the liabilities for individuals and bodies of persons arising from income and real property gains
  • prepare computations and advise clients on the liabilities for companies arising from income and real property gains in ordinary and special areas of business activity
  • evaluate an individual´s financial position and recommend appropriate tax-efficient financial plans
  • demonstrate the skills expected in Part 3
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PAPER 3.5   Strategic Business Planning & Development    [ Top ]

AIM
To ensure that candidates can exercise judgement and technique in strategic business management to enable them to contribute to the formulation of business strategy, the development of products and services and the maintenance of quality throughout the organisation.


OBJECTIVES
On completion of this paper candidates should be able to:

  • identify and apply the principal concepts and ideas in the theory and practice of strategic management
  • understand the internal and external factors affecting an organisation and apply this knowledge to evaluate its strategic position
  • identify appropriate strategies based on the evaluation of the organisation´s objectives and position
  • identify the appropriate methods of implementing chosen strategies and evaluate their impact on organisational structures and operations
  • understand the impact of globalisation on strategic business planning
  • integrate knowledge effectively and use it creatively in applying concepts and techniques
  • analyse, interpret and apply data and information and present reasoned conclusions
  • communicate analyses and conclusions effectively and with sensitivity for different purposes and contrasting audiences with due emphasis on social expectations
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PAPER 3.6   Advanced Corporate Reporting (MYS)    [ Top ]

AIM
To ensure that candidates can exercise judgement and technique in corporate reporting matters encountered by accountants and can react to current developments or new practice.


OBJECTIVES
On completion of this paper candidates should be able to:

  • explain and evaluate the implications of an accounting standard or proposed accounting standard for the content of published financial information
  • explain and evaluate the impact on the financial statements of business decisions
  • explain the legitimacy and acceptability of an accounting practice proposed by a company
  • prepare financial statements for complex business situations
  • analyse financial statements and prepare a report suitable for presentation to a variety of users
  • evaluate current practice in the context needs of users and the objectives of financial reporting
  • evaluate current developments in corporate reporting in the context of their practical application, implications for corporate reporting, and the underlying conceptual issues
  • demonstrate the skills expected in Part 3
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PAPER 3.7   Strategic Financial Management    [ Top ]

AIM
To ensure that candidates can exercise judgement and technique to make commercial value added decisions in strategic financial management and are able to adapt to factors affecting those decisions.


OBJECTIVES
On completion of this paper candidates should be able to:

  • prepare reports for management explaining and evaluating the financial consequences of strategic decisions
  • identify and evaluate appropriate sources of finance, their risks and costs
  • assess potential investment decisions and strategies
  • understand the impact of the global business environment on national and multinational organisations
  • explain, demonstrate and recommend suitable risk management techniques
  • understand the significance of cash management and the treasury function in the commercial environment
  • select the techniques most appropriate to optimise the employment of financial resources and critically evaluate such techniques
  • analyse and evaluate financial information relating to past and future business performance
  • demonstrate the skills expected in Part 3
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