Far 600

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FAR600
 PAST
 YEAR
 EXAM
 QUESTIONS
 ANALYSIS
 
  This
 analysis
 is
 NOT
 provided
 by
 lecturer.
 It
 may
 contain
 errors.
 Use
 at
 your
 own
 risk.
 

JUNE 2012 TOPICS TESTED: 1, 2, 3, 6, 7, 8, 9, 11 Q 1a(i) 1a(ii) 1b 2a 2b 3a(i) 3a(ii) 3b(i) 3b(ii) 4a 4b 4c 5a 5b 5c T 2 2 1 3 6 9 9 11 11 7 7 7 8 8 8 Islamic vs conventional actg: differences Difficulties introducing Islamic actg in actg std History impotance to actg pedagogy, policy, practice Pragmatic vs normative: theory construction Free market vs regulatory approach Creative actg: definition Why manager manipulate co’s acct Sust reporting: benefits Global Reporting Initiative Reporting Framework Why have CF for actg IASB Framework: recog assets & liabilities Limitation of CF Hist cost: criticisms (income & capital measurement) Why hist cost advocates reject CCA Exit price: argument to support

APR 2011 TOPICS TESTED: 2, 3, 6, 7, 8, 9, 11 Q 1a(i) 1a(ii) 1b 1c 2a 2b(i) 2b(ii) 3a 3b 3c 4a(i) 4a(ii) 4b(i) 4b(ii) 5a 5b(i) 5b(ii) T 2 2 2 3 6 6 6 3 8 8 7 7 7 7 9 11 11 Islamic actg – definition Why Islamic actg holistic Why zakat impetus for Islamic actg development Criticism on pragmatic approach Why standard setting must be independent Important of regulation in accounting Public interest theory vs private interest theory Positive vs normative (assumptions) Hist cost, exit price, CCA – depreciable FA Concept of value in use Benefit of CF Limitation of CF Relevance vs reliability – difference Relevance vs reliability – trade off when apply CCA Why managers do creative actg Obstacles in sust actg Sust actg enhance public trust – agree/not

JAN 2012 TOPICS TESTED: 2, 4, 5, 7, 8, 11 Q 1a 1b(i) 1b(ii) 2(a) 2(b) 3(a) 3(b) 4(a) 4(b) 4(c) 5(a) 5(b) T 2 2 2 5 4 7 7 8 8 8 11 11 OCT 2010 TOPICS TESTED: 2, 3, 4, 7, 8, 9, 10 Obj of acc systems (early developmt of Islamic state) Concept of Islamic acccountability How zakat help org to be more accountable Positive actg theory Fundamental aspects: contracting & agency theory CF for decision making CF as means legitimising standard-setting bodies CCA – physical capital Measurmt & valuation of NCA Hist cost, exit price, CCA – diff in depreciation Sustainability actg – definition Factors  co to seek assurance for sust acc Q 1a 1b 2a 2b(i) 2b(ii) 3a(i) 3a(ii) 3b 4a 4b 5a(i) 5a(ii) 5b T 2 2 4 3 3 8 8 7 7 7 9 9 10 Accountability in Islamic & conventional actg Concept of CSR in Islamic actg How agency rship give rise to agency cost Normative vs positive: theory construction How normative & positive complement each other Weakness of hist cost Replace hist cost with CCA: effect on profit Relevance vs reliability: modified hist cost CF in developing useful general purpose FR How MASB  political influence in std setting Creative actg: classification Factors motivate managers to engage creative actg Should/should not manager practice EM

FAR600
 PAST
 YEAR
 EXAM
 QUESTIONS
 ANALYSIS
 
  This
 analysis
 is
 NOT
 provided
 by
 lecturer.
 It
 may
 contain
 errors.
 Use
 at
 your
 own
 risk.
 

APR 2010 TOPICS TESTED: 1, 2, 3, 6, 7, 8, 10 Q 1a 1b 2a 2b(i) 2b(ii) 3a(i) 3a(ii) 3b 4a 4b 5a 5b T 1 2 3 3 3 7 7 6 8 8 10 10 Characteristics of mgmt contribution phase Adala & Ihsan Descriptive & psychological pragmatic: weakness Normative main issues Normative major criticisms Understandability, comparability, relevance, reliance Balancing relevance & reliability Theories of regulation: govt intervention CCA: criticisms & defences Separating holding gains: benefit & shortcomings Motivation behind EM EM: good/bad/both

APR 2009 TOPICS TESTED: 6, 7, 8, 9, 10, 11 Q 1a 1b 2a 2b 3a 3b 3c 4a 4b 5a 5b T 7 7 8 8 6 6 6 9 10 11 11 CF: definition, how CF benefit std setters Relevance-reliability trade off Hist cost: criticisms (rising price) MASB: Why flexible choice (hist, CCA, exit, PV) Why GAAS important to actg...
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