Final Examination – June 2016 Session

List of Special Topics

The following topics have been designated as special topics. This means that at least 70% of the
Final Examination will be based on the topics below. These topics will be integrated so that
candidates are exposed to practical issues faced by professional accountants in practice.

Module A: Financial Reporting

 Revenue
 Employee benefits
 Share-based payment
 The effect of changes in foreign exchange rate
 Non-current assets held for sale and discontinued operations
 Consolidated financial statements
 Disclosure of interests in other entities

Module B: Corporate Financing

 Strategy formulation
 Ethics in business
 Cost of capital
 Dividend policy
 Corporate debt securities
 Risk management

Module C: Business Assurance

 Code of ethics
 Planning and risk assessment
 Materiality
 Audit procedures
 Categories and types of control in a computerised environment

Module D: Taxation
 Scope of salaries tax charge - income from employment
 Scope of profits tax charge
 General deductions and specific deductions of businesses
 Ascertainment of profits tax liability
 Alternative bond schemes
 Hong Kong tax planning

Hong Kong Institute of CPAs

Issued: 1 April 2016