Medical Board of Papua New Guinea Examination

Icelandic State Accounting Examination (Hagfræðipróf Ríkisins) is very important exam in Iceland. Details are below-

⚫ Financial Accounting: This section might cover topics such as accounting principles (GAAP or IFRS), financial statement preparation, accounting for assets, liabilities, equity, revenue, and expenses.

⚫ Managerial Accounting: This section might include topics such as cost accounting, budgeting, variance analysis, performance measurement, and decision-making tools like cost-volume-profit analysis.

⚫ Taxation: Knowledge of Icelandic tax laws and regulations could be tested, including income tax, corporate tax, value-added tax (VAT), and other relevant taxes.

⚫ Auditing: This section might assess understanding of auditing principles, procedures, and standards, as well as ethical considerations and the role of auditors.

⚫ Financial Management: Topics may include capital budgeting, capital structure, working capital management, financial analysis, and risk management.

⚫ Ethics and Professional Standards: This section may cover the ethical considerations and professional standards relevant to accountants, such as those set forth by the International Federation of Accountants (IFAC).

⚫ Icelandic Accounting Regulations: Specific knowledge of Icelandic accounting laws, regulations, and practices may also be tested.

⚫ Case Studies or Practical Applications: Candidates might be presented with case studies or scenarios to analyze, applying their accounting knowledge to real-world situations.

It's important to note that the syllabus and format of the examination may vary over time and are determined by the relevant governing body responsible for accounting certification in Iceland. As such, it's advisable to consult official sources or contact the examining body directly for the most up-to-date information.