Bộ Đề thi cpa chuyển Đổi dùng cho Ôn luyện cpa sau khi đã có acca và cpa úc

ÁN BỘ ĐỀ THI CPA CHUYỂN ĐỔI – DÀNH CHO NGƯỜI ĐÃ CÓ ACCA/CPA ÚC ? Bộ tài liệu bao gồm: ✅ Bộ đề thi chuyển đổi các môn trọng yếu ✅ Gợi ý đáp án và hướng dẫn ôn luyện hiệu quả

EXAM SET 1: ECONOMICS, INVESTMENT LAWS, FINANCE, TAXATION, ACCOUNTING, AND

AUDITINGInstructions: Circle the correct answer for each question below Each question

has only one correct answer (a, b, c, or d) Answer all 100 questions

Part I: Economics Regulations, Investment Laws, and Enterprise Law

1 According to the Law on Enterprises (2020), who is prohibited from lishing enterprises in Vietnam?

estab-a Foreign investors

b State officials and civil servants

c Vietnamese citizens abroad

obli-a 8% of the breached obligation’s value

b 10% of the breached obligation’s value

c 12% of the breached obligation’s value

d 15% of the breached obligation’s value

4 Under the Law on Competition (2018), an enterprise is dominant with:

a 25% market share

b 30% market share

c 35% market share

d 40% market share

5 The authorized body for issuing business registration certificates is:

a Provincial business registration agency

b District business registration agency

c National business registration agency

7 Under Decree 80/2021/ND-CP, business registration certificates are issuedwithin:

d None of the above

9 A joint-stock company must have at least:

a 1 shareholder

b 3 shareholders

c 5 shareholders

d 7 shareholders

10 PPP contracts are signed between:

a Investors and state agencies

b Domestic and foreign investors

c State-owned enterprises and investors

d Private companies and banks

11 The minimum charter capital for a joint-stock company is:

13 The Law on Enterprises (2020) requires a legal representative to be:

a The chairman of the board

c Retail businesses

d All of the above

16 A company’s dissolution requires approval from:

a Provincial People’s Committee

b Business registration agency

c Tax authority

d Ministry of Finance

17 The Law on Competition (2018) defines a cartel as:

a A single dominant enterprise

b A group fixing prices

c A merger of enterprises

d A cooperative venture

18 Shareholders’ liability in a joint-stock company is limited to:

a Their personal assets

b Company’s total debts

c Their contributed capital

d Company’s profits

19 The Competition Authority is under:

a Ministry of Industry and Trade

Part II: Finance and Financial Management

1 If the present value of VND 1 in year n at i% is VND 0.6, the future value is:

3 Preference shares are suitable for raising capital when:

a Shareholders maintain control, low debt ratio

b Shareholders maintain control, high debt ratio

c Shareholders are indifferent, high debt ratio

d Shareholders lose control, low debt ratio

4 An advantage of finance lease is:

a Increases debt ratio

b Does not increase debt ratio

c Higher cost than bank loans

d Increases insolvency risk

5 The degree of financial leverage (DFL) measures:

a % change in EPS when EBIT changes

b % change in EBIT when revenue changes

c % change in revenue when EPS changes

d % change in debt when equity changes

6 The WACC is used as the discount rate for:

8 Operating leverage is high when:

a Fixed costs are low

b Fixed costs are high

c Variable costs are high

d Total costs are low

9 The payback period method ignores:

a Initial investment

b Cash flows after payback

c Cash inflows

d Fixed costs

10 Bond valuation requires discounting:

a Only coupon payments

b Only face value

c Coupon payments and face value

12 The cost of equity is calculated using:

15 The break-even point is:

a Fixed costs / Contribution margin

b Variable costs / Sales

c Total costs / Sales

d Fixed costs / Sales

16 The cost of debt is:

18 Operating leverage affects:

a EPS sensitivity to EBIT

b EBIT sensitivity to sales

c ROE sensitivity to debt

d ROA sensitivity to assets

19 A company with high debt has:

a Lower financial risk

b Higher financial risk

c No change in risk

d Lower operating risk

20 Payback period for cash flows: Year 0: -VND 150 million; Year 1: VND 60million; Year 2: VND 100 million is:

a 1.9 years

b 2 years

c 2.5 years

d 3 years

Part III: Taxation and Tax Management

1 Which goods/services are VAT-exempt?

a Newspapers and textbooks

b Real estate transactions

3 A taxpayer can claim a VAT refund when:

a Using direct method for 2 months

b Using deduction method, uncredited VAT of VND 300 million for 3 months

c Using deduction method for 2 months

d Using direct method, uncredited VAT of VND 200 million

4 Income exempt from CIT includes:

a Interest from bank deposits

b Agricultural technical services

c Gains from property transfers

d Dividend income

5 A 0% VAT rate applies to:

a Exported goods and services

a Salary income

b Dividend income

c Both a and b

d None of the above

9 A company exports goods worth VND 2 billion (0% VAT) Output VAT is:

a VND 0

b VND 100 million

c VND 200 million

d VND 400 million

10 Income exempt from CIT includes:

a Gains from real estate

b Licensed educational activities

c Interest from bank deposits

d None of the above

16 VAT on luxury goods is:

a 5%

b 10%

c 15%

Part IV: Accounting and Accounting for Enterprises

1 An enterprise with accounting profit before CIT of VND 800 million, ties of VND 20 million, excess depreciation of VND 30 million has CIT payable(20%) of:

penal-a VND 160 million

b VND 170 million

c VND 176 million

d VND 180 million

2 Revenue recognition for construction contracts under VAS 15 includes:

a Only original contract revenue

b Incentive payments

c Both a and b

d None of the above

3 Compensation less than the value of lost goods is recorded as:

a Cost of goods sold

b Other expenses

c Selling expenses

d Financial expenses

4 Borrowing costs are expensed under VAS 16 when:

a Used for material acquisition

b Incurred during abnormal suspension

c Both a and b

d None of the above

5 Excess provision for construction warranty is:

a Reduced from expenses

b Reversed to other income

c Treated per enterprise policy

d Ignored

6 Under VAS, fixed assets are depreciated using:

a Only straight-line method

b Only declining balance method

c Both straight-line and declining balance

d Units of production only

7 Revenue from sales is recognized when:

b Reduction in share premium

c Increase in share premium

d Operating expenses

10 Under IFRS (effective 2025), finance leases are recorded as:

a Operating expenses

b Tangible fixed assets

c Right-of-use assets and lease liabilities

13 Revenue from services under VAS 14 is recognized:

d Costs are incurred

16 Under IFRS 15, revenue is recognized based on:

19 Lease liabilities under IFRS 16 are measured at:

a Total lease payments

b Fair value of leased asset

c Present value of lease payments

d Historical cost

20 Provisions for restructuring are recognized when:

a Costs are incurred

b A detailed plan is announced

c Revenue is recognized

d Employees are hired

Part V: Audit and Assurance Services

1 A CPA must work under a labor contract with a Vietnamese audit firm cree 17/2012/ND-CP)

(De-a True

b False

c Only for foreign CPAs

d Only for state-owned firms

2 A CPA requires at least 4 years of accounting/finance experience or 3 years

as an audit assistant

a True

b False

c Only for Vietnamese CPAs

d Only for international CPAs

3 VSA 260 requires auditors to report significant audit matters to:

5 CPAs are prohibited from:

a Working for multiple audit firms

b Disclosing audit information as required by law

c Owning shares in the audited entity

d Conducting tax audits

6 An unqualified audit opinion indicates:

a Material misstatements exist

b Financial statements are fairly presented

c Auditor has reservations

8 Auditor independence is compromised when:

a Auditor provides consulting services

b Auditor owns shares in the audited company

c Both a and b

d None of the above

9 Under VSA 315, auditors must assess:

a Effectiveness of internal controls

b Risk of material misstatement

c Both a and b

d Tax compliance

10 Auditors may use internal audit documentation to:

a Replace audit procedures

b Support risk assessment

c Reduce legal liability

d Avoid external evidence

11 VSA 600 applies to:

a Single entity audits

14 Mandatory audits are required for:

a Small private companies

b Foreign-invested enterprises

c Non-profit organizations

d Retail businesses

15 VSA 200 prohibits auditors from:

a Using internal auditors

b Conducting tax audits

c Accepting gifts from clients

17 Audit sampling is used to:

a Test all transactions

b Avoid testing

c Test a subset of transactions

d Replace internal controls

18 The auditor’s responsibility includes:

a Guaranteeing accuracy

b Detecting all fraud

c Obtaining reasonable assurance

d Preparing financial statements

19 Mandatory audits apply to:

a Small private firms

Detailed Answer Key for Exam Set 1

Part I: Economics Regulations, Investment Laws, and Enterprise Law

Explanation: Price fixing and market division are prohibited (Law on

20 Answer: a

Explanation: Payback = 150 / (60 + 90/100) ≈ 1.9 years.

Part III: Taxation and Tax Management

Explanation: VAT refunds require uncredited input VAT of VND 300 million

for 3 months (Law on VAT)

Explanation: Losses can be carried forward for 5 years (Law on CIT 2008).

Part IV: Accounting and Accounting for Enterprises

Explanation: Borrowing costs for material acquisition or abnormal

suspen-sion are expensed (VAS 16)

Explanation: Provisions require a detailed plan (VAS 18).

Part V: Audit and Assurance Services

EXAM SET 2: ECONOMICS, INVESTMENT LAWS, FINANCE, TAXATION, ACCOUNTING, AND

AUDITINGInstructions: Circle the correct answer for each question below Each question

has only one correct answer (a, b, c, or d) Answer all 100 questions

Part I: Economics Regulations, Investment Laws, and Enterprise Law

1 Under the Law on Investment (2020), which contract allows investors tobuild, operate, and transfer infrastructure?

7 A company’s board of directors in a joint-stock company must have at least:

d None of the above

12 The statute of limitations for commercial contracts under the CommercialLaw (2005) is:

b Ministry of Industry and Trade

c Ministry of Planning and Investment

d Ministry of Justice

15 A company’s charter must specify:

a Employee benefits

17 The Law on Competition (2018) defines market dominance by:

a Financial capacity only

b Market share only

c Both market share and financial capacity

d Employee count

18 Shareholders in a joint-stock company are liable up to:

a Their personal assets

b The company’s debts

c Their contributed capital

d The company’s profits

19 The Law on Investment (2020) requires foreign investors to register:

a Only real estate projects

b All investment projects

c Projects above VND 20 billion

d Retail projects

20 A company’s dissolution under the Law on Enterprises (2020) requires:

a Tax authority approval

b Business registration agency approval

c Provincial People’s Committee approval

d Ministry of Finance approval

Part II: Finance and Financial Management

1 The cost of capital for a project is based on:

a Risk-free rate

b The company’s WACC

c Project’s IRR

d Market interest rate

2 A project with cash flows: Year 0: -VND 400 million; Year 1: VND 200 lion; Year 2: VND 250 million at 12% has NPV of:

a Payback period

b ARR

c NPV

d Break-even analysis

4 Financial leverage increases:

a ROA when debt increases

b ROE when EBIT is high

9 The cost of equity is typically:

a Lower than cost of debt

b Higher than cost of debt

c Equal to cost of debt

11 The break-even point is calculated as:

a Variable costs / Sales

b Fixed costs / Contribution margin

c Total costs / Sales

d Fixed costs / Sales

12 The cost of debt is calculated as:

a Coupon rate

b Yield to maturity

c Interest rate after tax

d Market rate

13 A company’s ROE is calculated as:

a Net income / Assets

b Net income / Equity

c EBIT / Sales

d EBIT / Assets

14 Operating leverage increases when:

a Fixed costs decrease

b Variable costs increase

c Fixed costs increase

d Total costs decrease

15 The payback period method ignores:

19 A company with high debt has:

a Lower financial risk

b Higher financial risk

c No change in risk

d Lower operating risk

20 The WACC is used in:

a Break-even analysis

b NPV calculations

c Payback period

d ARR

Part III: Taxation and Tax Management

1 The standard VAT rate in Vietnam is:

d Real estate companies

6 VAT invoices must be issued within:

8 A company with taxable income of VND 1 billion and tax incentives ing the rate to 10% has CIT payable of:

14 Income exempt from CIT includes:

a Interest from bank deposits

b Social housing development

c Gains from real estate

Part IV: Accounting and Accounting for Enterprises

1 Under IFRS 15 (effective 2025), revenue is recognized based on:

c Warranty claim is made

d Payment is made

5 Under IFRS 9, impairment of financial assets uses:

a Incurred loss model

b Expected credit loss model

c Fair value model

d Historical cost model

6 Revenue from long-term contracts under VAS 15 is recognized:

d Tangible fixed assets

10 Provisions for employee benefits are recognized:

a When employees retire

b When benefits are probable

d Costs are incurred

17 Fixed asset revaluation surplus is recorded in:

b Reduction in share premium

c Increase in share premium

Part V: Audit and Assurance Services

1 An unqualified audit opinion indicates:

a Material misstatements exist

b Financial statements are fairly presented

c Auditor has reservations

3 Mandatory audits are required for:

a Small private companies

b Listed companies

c Non-profit organizations

d Retail businesses

4 Auditor independence is compromised when:

a Auditor provides tax services

b Auditor owns shares in the audited company

c Auditor uses external evidence

d Auditor reports to management

5 VSA 315 requires auditors to assess:

b Risk assessment procedures

13 Audit sampling is used to:

a Test all transactions

b Test a subset of transactions

c Avoid testing

d Replace internal controls

14 The auditor’s responsibility includes:

a Preparing financial statements

b Detecting all fraud

c Obtaining reasonable assurance

d Guaranteeing accuracy

15 VSA 600 applies to:

a Single entity audits

17 Audit evidence is sufficient when:

a It covers all transactions

b It provides reasonable assurance

c It is provided by management

d It is internally generated

18 VSA 200 prohibits auditors from:

a Using internal auditors

b Accepting gifts from clients

c Conducting tax audits

d Reporting to management

19 Mandatory audits are required for:

a Small private firms

Detailed Answer Key for Exam Set 2

Part I: Economics Regulations, Investment Laws, and Enterprise Law

1 Answer: b

Explanation: BOT allows building, operating, and transferring

infrastruc-ture (Law on Investment 2020, Article 44)

Explanation: Disputes can use negotiation and mediation (Commercial Law

Part III: Taxation and Tax Management

19 Answer: b

Explanation: PIT on lottery winnings above VND 10 million is 10% (Law on

PIT 2007)

20 Answer: b

Explanation: CIT rate is 20% (Law on CIT 2008).

Part IV: Accounting and Accounting for Enterprises

Explanation: Impairment testing is required when indicators exist.

Part V: Audit and Assurance Services

EXAM SET 3: ECONOMICS, INVESTMENT LAWS, FINANCE, TAXATION, ACCOUNTING, AND

AUDITINGInstructions: Circle the correct answer for each question below Each question

has only one correct answer (a, b, c, or d) Answer all 100 questions

Part I: Economics Regulations, Investment Laws, and Enterprise Law

1 The Law on Enterprises (2020) requires a single-member LLC to appoint:

7 The Law on Enterprises (2020) allows a company to:

a Operate without a charter

b Issue bonds

c Avoid tax registration

d Ignore financial reporting

8 Under the Law on Competition (2018), a monopoly is defined by:

10 The Law on Investment (2020) requires project approval for:

a All domestic investments

b Foreign investments above VND 20 billion

c Retail businesses

d Agricultural projects

11 A company’s dissolution under the Law on Enterprises (2020) requires:

a Shareholder approval only

b Settlement of all debts

14 Under the Law on Competition (2018), enterprises are prohibited from:

a Merging with competitors

b Abusing dominant position