Final Examination – December 2017 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

 New Companies Ordinance
 Accounting policies, changes in accounting estimates and errors
 Property, plant and equipment
 Financial instruments
 Revenue from contracts with customers
 Share-based payment
 Earnings per share
 Business combinations

Module B: Corporate Financing

 Capital Structure and Cost of capital
 Raising finance
 Financial analysis
 Performance measurement
 Project appraisal techniques and process
 Cash management and forecasting
 Ethics in business

Module C: Business Assurance

 Code of ethics
 Client/ engagement acceptance and continuance procedures
 Planning and risk assessment
 Audit procedures
 Completion procedure
 Computerised business system
 Corporate governance

Module D: Taxation
 Scope of salaries tax charge
 Scope of profits tax charge
 Source of business profits
 General deductions and specific deductions of businesses
 Stamp duty
 Hong Kong tax planning
 Double taxation arrangement

Hong Kong Institute of CPAs

Issued: 4 October 2017