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Institute of Certified Financial Managers

Syllabus for *Professional Financial Manager, DipPFM* Qualification

Module "IFRS and Financial Accounting"

1. Introduction to the IFRS
2. Principles of financial statements execution under the IFRS
  • IAS 1 Submission of financial statements
3. Inventory. IAS 2 Inventory
4. Asset accounting
  • IAS 16 Assets
  • IAS 23 Loan expenses
5. IAS 40 Investment property
  • IAS 36 Assets depreciation
6. Intangible asset accounting
7. Revenue recognition
  • IAS 18 Earnings
  • IAS 11 Contractor agreements
8. Lease accounting
  • IAS 17 Lease
9. IAS 37 Reserves, contingent liabilities and contingent assets
10. IFRS 5 Noncurrent assets intended for sale, and terminated activity
11. IAS 12 Income taxes
12. Financial tools accounting
  • IAS 32 Financial tools: information provision
  • IAS 39 Financial tools: recognition and determination
  • IFRS 9 Financial tools
13. Investment accounting
  • IAS 28 Investment into associated entities
14. Reports of company groups
  • IFRS 3 Associations of companies
  • IAS 27 Consolidated and separate financial statements
  • IFRS 10 Consolidated financial statements
  • IFRS 12 Dislosure of information of participation in other entities
15. Transactions in foreign currency
  • IAS 21 Impact of changes of exchange rates
16. IAS 7 Cash flow statement
17. Additional disclosure of information
  • IAS 10 Events after the reporting day
  • IAS 24 Disclosure of information of related parties
  • IAS 34 Interim financial statements
  • IFRS 8 Operating segments
  • IAS 33 Earnings per share
  • IFRS 13 Estimation of the fair value
  • IFRS 1 IFRS first application

SAMPLE EXAMINATION PAPER FOR 'IFRS AND FINANCIAL ACCOUNTING' MODULE

Module "Cost Accounting"

  • 1. The nature and function of management accounting.
  • 2. Ways of classifying costs.
  • 3. The concept of cost and its components.
  • 4. Accounting for direct costs.
  • 5. Accounting and distribution of overheads.
  • 6. The control system of costs by orders.
  • 7. The system of cost control on the processes.
  • 8. The control system of costs by activity(ABC method).
  • 9. Two approaches to the calculation of the cost: accounting for the total and variable costs.
  • 10. Regulatory cost accounting and standard cost.
  • 11. Factor analysis of costs.
  • 12. Building an effective cost management system for enterprise.

SAMPLE EXAMINATION PAPER FOR 'COST ACCOUNTING' MODULE

Module "Financial Management and Financial Analysis"

  • 1. The essence of finance and financial management system for enterprise.
  • 2. Analysis of financial statements- the basis for financial decision-making.
  • 2.1. Methods and sources of financial analysis.
  • 2.2. Analysis of trends in the enterprise.
  • 2.3. Analysis of financial ratios.
  • 2.4. Analysis of the statement of cash flows.
  • 3. Financial planning and financial forecasting for the financial statements.
  • 4. The sources of business funding.
  • 5. Working capital management.
  • 6. Management review: methods to maximize profits.
  • 7. Long-term financial decisions.
  • 8. Risk and return: Basic Concepts.
  • 9. The cost of capital and making decisions on capital structure.
  • 10. Measuring the business value for shareholders.
  • 11. Financial management in crisis situations.

SAMPLE EXAMINATION PAPER FOR 'FINANCIAL MANAGEMENT AND FINANCIAL ANALYSIS' MODULE