Final Examination – December 2015 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
 Impairment of assets
 Intangible assets
 Financial assets, financial liabilities and equity instruments
 Income taxes
 Business combinations

Module B: Corporate Financing

 Strategy formulation
 Project appraisal techniques and process
 Cash management and forecasting
 Cost of capital
 Corporate debt securities
 Business combinations

Module C: Business Assurance

 Code of Ethics
 Planning and risk assessment
 Materiality
 Audit procedures
 Categories and types of controls in a computerised system

Module D: Taxation
 Scope of salaries tax charge
 Scope of profits tax charge
 General deductions and specific deductions for profits tax
 Scope of stamp duty charge
 Overview of China tax system

Hong Kong Institute of CPAs

Issued: 2 October 2015