CERTIFIED PUBLIC ACCOUNTANT (CPA) – FINAL LEVEL EXAMINATION
Advanced Competency Mastery Assessment (ACMA)
Author: Walter Okoth
SECTION A — ADVANCED FINANCIAL REPORTING (AFR)
Answer ALL questions
Question 1 – Financial Instruments & Complex Transactions
Delta Holdings issues a compound financial instrument consisting of convertible bonds with embedded
derivatives...
Question 2 – Leases & Revenue Recognition Integration
Omega Ltd provides equipment to customers under contracts combining lease components and
maintenance...
SECTION B — STRATEGIC MANAGEMENT ACCOUNTING (SMA)
Answer ANY TWO questions
Question 3 – Sustainability Costing & Integrated Reporting
A company is transitioning from traditional reporting to integrated reporting...
Question 4 – Advanced Budgeting & Behavioral Implications
A firm is shifting from incremental budgeting to beyond budgeting...
Question 5 – Data Analytics in Managerial Decision-Making
A multinational introduces data-driven decision systems...
SECTION C — ADVANCED TAXATION (ATX)
Answer ANY TWO questions
Question 6 – Taxation of Digital Economy Transactions
A digital services provider earns revenue across multiple jurisdictions...
Question 7 – Personal Tax Planning & Wealth Management
A high-net-worth individual seeks long-term tax optimization...
SECTION D — AUDITING & ASSURANCE (AAA)
Answer ALL questions
Question 8 – Advanced Risk Assessment & IT Auditing
Sigma Plc has adopted cloud-based ERP systems...
Question 9 – Audit Sampling & Analytical Procedures
A statutory audit involves large complex data sets...
SECTION E — STRATEGIC GOVERNANCE & LEADERSHIP (SGL)
Answer ONE question
Question 10 – Crisis Management & Board Governance
A corporation faces a public relations crisis following a data breach.
END OF PAPER
Prepared by: Walter Okoth
Advanced Competency Mastery Assessment (ACMA)
Author: Walter Okoth
SECTION A — ADVANCED FINANCIAL REPORTING (AFR)
Answer ALL questions
Question 1 – Financial Instruments & Complex Transactions
Delta Holdings issues a compound financial instrument consisting of convertible bonds with embedded
derivatives...
Question 2 – Leases & Revenue Recognition Integration
Omega Ltd provides equipment to customers under contracts combining lease components and
maintenance...
SECTION B — STRATEGIC MANAGEMENT ACCOUNTING (SMA)
Answer ANY TWO questions
Question 3 – Sustainability Costing & Integrated Reporting
A company is transitioning from traditional reporting to integrated reporting...
Question 4 – Advanced Budgeting & Behavioral Implications
A firm is shifting from incremental budgeting to beyond budgeting...
Question 5 – Data Analytics in Managerial Decision-Making
A multinational introduces data-driven decision systems...
SECTION C — ADVANCED TAXATION (ATX)
Answer ANY TWO questions
Question 6 – Taxation of Digital Economy Transactions
A digital services provider earns revenue across multiple jurisdictions...
Question 7 – Personal Tax Planning & Wealth Management
A high-net-worth individual seeks long-term tax optimization...
SECTION D — AUDITING & ASSURANCE (AAA)
Answer ALL questions
Question 8 – Advanced Risk Assessment & IT Auditing
Sigma Plc has adopted cloud-based ERP systems...
Question 9 – Audit Sampling & Analytical Procedures
A statutory audit involves large complex data sets...
SECTION E — STRATEGIC GOVERNANCE & LEADERSHIP (SGL)
Answer ONE question
Question 10 – Crisis Management & Board Governance
A corporation faces a public relations crisis following a data breach.
END OF PAPER
Prepared by: Walter Okoth
