Far 600
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
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