Exame Nacional de Admissão à OCPCA — Ordem dos Contabilistas e Peritos Contabilistas de Angola

Under the Plano Geral de Contabilidade de Angola (PGC - Decreto n.º 82/01), which class of accounts in the standard chart of accounts is designated for recording 'Custos por Natureza' (Operating Expenses by Nature)?

• AClasse 3
• BClasse 5
• CClasse 6
• DClasse 7

Which accounting principle under the Angolan PGC requires that revenues and expenses be recognized in the period to which they economically relate, regardless of the date of receipt or payment?

• APrincípio da Prudência (Prudence)
• BPrincípio da Especialização de Exercícios (Accrual Basis / Periodicity)
• CPrincípio do Custo Histórico (Historical Cost)
• DPrincípio da Continuidade (Going Concern)

According to the OCPCA's published Financial Accounting module program, which reporting frameworks should a candidate be able to apply when recognizing transactions and preparing financial statements?

• AOnly the tax return forms issued by the AGT, because financial reporting standards are ou…
• BThe Angolan Plano Geral de Contabilidade (PGC) together with the relevant international a…
• COnly United States GAAP, regardless of the entity's applicable Angolan framework
• DOnly a company's internal chart of accounts, even when it conflicts with applicable repor…

A commercial enterprise in Luanda recorded the following inventory transactions for Product X during March: - Beginning inventory: 100 units at 5,000 AOA each - Purchase 1: 200 units at 6,000 AOA each - Sale 1: 150 units - Purchase 2: 100 units at 7,000 AOA each - Sale 2: 100 units Using the First-In, First-Out (FIFO / PEPS) valuation method permitted under the Angolan PGC, what is the cost of ending inventory (150 units remaining)?

• A750,000 AOA
• B950,000 AOA
• C1,000,000 AOA
• D1,050,000 AOA

Which of the following expenditures must be included in the initial capitalized acquisition cost of a tangible fixed asset (Activo Fixo Tangível / Imobilizado Corpóreo) under the Angolan PGC?

• ARecoverable value-added tax (IVA dedutível) paid on the purchase invoice
• BGeneral corporate administrative overhead incurred during the purchasing department's rou…
• CNon-refundable customs import duties, freight charges, and direct site preparation and in…
• DInitial operating losses incurred before the asset achieves normal planned commercial cap…

A manufacturing company acquires industrial machinery for 14,000,000 AOA with an estimated residual value of 2,000,000 AOA at the end of its 6-year useful life. Using the straight-line method (Método das Quotas Constantes), what is the annual depreciation expense recorded in Classe 7?

• A1,500,000 AOA
• B2,000,000 AOA
• C2,333,333 AOA
• D3,000,000 AOA

How should research and development (R&D / Investigação e Desenvolvimento) expenditures be recognized under PGC-NIRF principles in Angola?

• ABoth research and development costs must always be capitalized into Classe 1 intangible a…
• BResearch costs must be expensed immediately as incurred in profit or loss; development co…
• CBoth research and development expenditures must be capitalized and amortized over exactly…
• DResearch costs are debited directly to retained earnings without affecting the period inc…

On 31 December 2025, an Angolan company receives electricity consumed during December amounting to 600,000 AOA, but the supplier invoice will only be issued and paid in January 2026. What year-end adjusting entry is required in accordance with the accrual principle?

• ANo entry is made until the supplier invoice is officially received in January 2026
• BDebit Classe 7 (Custos com Fornecimentos e Serviços de Terceiros - Eletricidade) and Cred…
• CDebit Classe 4 (Bancos) and Credit Classe 6 (Proveitos Operacionais)
• DDebit Classe 3 (Fornecedores) and Credit Classe 5 (Resultados Transitados)

When assessing the impairment of trade receivables (Provisões para Cobranças Duvidosas / Imparidade de Clientes) under the Angolan PGC, which accounting treatment reflects proper compliance?

• AImmediately write off the entire customer ledger directly against share capital without r…
• BDebit an expense account in Classe 7 (Provisões do Exercício / Perdas por Imparidade) and…
• CCredit sales revenue in Classe 6 to offset the uncollectible receivable balance
• DRecord the impairment loss as a deferred asset in Classe 1 amortizable over 10 years

During a monthly bank reconciliation, an accountant observes that a customer deposited 1,500,000 AOA directly into the company's bank account via electronic transfer, which has not yet been recorded in the company's internal accounting books. What internal adjustment is required?

• ADebit Classe 4 (Bancos) and Credit Classe 3 (Clientes)
• BDebit Classe 3 (Fornecedores) and Credit Classe 4 (Caixa)
• CDebit Classe 7 (Custos Financeiros) and Credit Classe 4 (Bancos)
• DNo book entry is required as the bank statement is only an external summary

Under what condition may revenue from the sale of goods (Vendas de Mercadorias / Produtos) be formally recognized in Classe 6 under the PGC framework?

• AAs soon as a sales contract is signed, even if production has not commenced
• BWhen the significant risks and rewards of ownership have been transferred to the buyer, t…
• COnly after the full cash payment has been deposited and cleared in the bank account, rega…
• DWhen the customer inspects a catalogue without taking delivery of goods

An Angolan importing company has an outstanding foreign currency supplier debt of $50,000 USD. The debt was initially recorded when the exchange rate was 1 USD = 800 AOA (40,000,000 AOA). On 31 December, the official closing exchange rate is 1 USD = 850 AOA. How must the foreign exchange difference be recognized in the annual financial statements?

• ARecognize an unfavorable exchange difference (Diferença de Câmbio Desfavorável) of 2,500,…
• BRecognize a favorable exchange difference of 2,500,000 AOA as a financial revenue in Clas…
• CDefer the exchange difference on the balance sheet until the invoice is settled without a…
• DAdjust the original cost of inventory purchased earlier by adding 2,500,000 AOA

What is the key accounting distinction between a Provision (Provisão para Riscos e Encargos) and a Contingent Liability (Passivo Contingente) under PGC-NIRF?

• AProvisions are recognized on the balance sheet as liabilities because a present obligatio…
• BProvisions are always cash reserves deposited in frozen bank accounts, while contingent l…
• CContingent liabilities are recorded as liabilities on the balance sheet, while provisions…
• DProvisions are only recognized when an actual court verdict has already been executed and…

Which of the following constitutes the standard mandatory set of annual financial statements that a corporate entity must prepare under the Angolan Plano Geral de Contabilidade (PGC)?

• AOnly the monthly trial balance (Balancete de Verificação) and bank statements
• BBalanço (Balance Sheet), Demonstração dos Resultados por Natureza (Income Statement by Na…
• COnly the corporate income tax return (Modelo 1) submitted to the AGT
• DA weekly cash ledger signed by the company receptionist

In the Demonstração dos Resultados por Natureza under the Angolan PGC, how is the Resultado Operacional (Operating Result) derived?

• AProveitos Operacionais (Operating Revenues) minus Custos Operacionais (Operating Expenses…
• BGross sales minus corporate income tax (Imposto Industrial)
• CTotal assets minus total liabilities
• DNet profit plus dividends distributed to shareholders

Under PGC-NIRF principles, how must a lessee account for a financial lease contract (Locação Financeira) at inception?

• ARecognize the leased asset as a right-of-use asset in Classe 1 and recognize a correspond…
• BRecord all lease payments as operational rent expenses directly in Classe 7 without capit…
• CCredit share capital in Classe 5 and debit accumulated depreciation
• DRecord the full nominal undiscounted value of 30 years of lease payments as a cash asset

For an Angolan sociedade anónima (S.A.), what is the statutory annual allocation to the Reserva Legal under the Lei das Sociedades Comerciais?

• AAt least 10% of net profit until the reserve reaches 50% of share capital
• BA minimum of 5% of net annual profits must be allocated to the Reserva Legal until the re…
• CA fixed 5% of share capital must be transferred every year regardless of profit
• DThe allocation is optional whenever the directors recommend a dividend

At year-end, a retailer holds 500 units of an electronics item in inventory with an original cost of 10,000 AOA per unit (total 5,000,000 AOA). Due to technological obsolescence, the current estimated selling price is 8,000 AOA per unit, with estimated direct selling costs of 500 AOA per unit. What is the impairment loss that must be recognized in accordance with the lower of cost and net realizable value rule?

• A500,000 AOA
• B1,000,000 AOA
• C1,250,000 AOA
• D2,500,000 AOA

How should an adjusting event after the reporting period (Acontecimento após a Data do Balanço que dá lugar a ajustamento) be treated when preparing the annual financial statements?

• AIgnore the event completely because it occurred after 31 December
• BAdjust the amounts recognized in the financial statements for the reporting period ended…
• CRecord the adjustment exclusively in the subsequent year's mid-year interim tax return wi…
• DCancel the entire previous five years of accounting records

An industrial company in Viana receives a non-repayable government investment grant of 20,000,000 AOA to co-finance manufacturing equipment costing 40,000,000 AOA with a 10-year useful life. How should this capital subsidy be recognized in financial profit or loss over time?

• ARecognized immediately as 100% operating profit in the year cash is received
• BDeferred as a liability/equity subsidy in Classe 5/Subsidios e Doações and recognized in…
• CRecorded permanently in cash without ever being recognized as income
• DDeducted from the asset's historical cost while also recognizing the full grant immediate…

Which statutory administrative body is responsible for the assessment, collection, inspection, and administration of national taxes and customs duties in Angola?

• AOrdem dos Contabilistas e Peritos Contabilistas de Angola (OCPCA)
• BAdministração Geral Tributária (AGT)
• CBanco Nacional de Angola (BNA)
• DInstituto Nacional de Estatística (INE)

After Lei n.º 26/20 amended the Código do Imposto Industrial, which statement correctly distinguishes the General and Simplified Imposto Industrial regimes?

• AThe General Regime determines taxable profit from organized accounting, while qualifying…
• BThe General Regime applies only to natural persons, while every company is automatically…
• CThe Simplified Regime permits taxpayers to omit all sales records and supporting documents
• DThe two regimes differ only in the currency used to pay the same assessment

What is the standard general statutory tax rate for Imposto Industrial in Angola for standard commercial and industrial corporations under current fiscal legislation (Lei n.º 26/20)?

• A10%
• B15%
• C25%
• D50%

Under the Código do Imposto Industrial as amended by Lei n.º 26/20, how are confidential expenses (despesas confidenciais — costs lacking supporting documentation whose nature cannot be materially proven) treated?

• AThey are fully deductible like any other documented operating cost
• BThey are non-deductible for determining taxable profit (matéria colectável) and additiona…
• CThey are deductible but subject to a 2% autonomous tax on improperly documented costs
• DThey can be converted directly into VAT tax credits

An Angolan corporation in the General Imposto Industrial Regime reports an accounting profit before tax of 40,000,000 AOA for the financial year. During tax reconciliation (Quadro 07 / Modelo 1), the following fiscal adjustments are identified: - Non-deductible fines and tax penalties: +2,000,000 AOA - Undocumented operational expenses: +3,000,000 AOA - Non-taxable dividend income received from a domestic subsidiary: -5,000,000 AOA What is the final taxable profit (matéria colectável) and the Imposto Industrial liability at the general 25% tax rate?

• ATaxable profit = 40,000,000 AOA; Imposto Industrial = 10,000,000 AOA
• BTaxable profit = 45,000,000 AOA; Imposto Industrial = 11,250,000 AOA
• CTaxable profit = 50,000,000 AOA; Imposto Industrial = 12,500,000 AOA
• DTaxable profit = 35,000,000 AOA; Imposto Industrial = 8,750,000 AOA

When is the Imposto Industrial provisional assessment on sales and services (Liquidação Provisória) due under the amended Angolan tax code?

• ABy the last working day of August, as an advance that is later credited against the final…
• BWith the December payroll return, as a final tax on employee remuneration
• COnly after the annual assessment becomes final, so it cannot operate as an advance
• DOn the date of every customer invoice, with no later annual credit

Under the Código do Imposto sobre os Rendimentos do Trabalho (CIRT - Lei n.º 18/14, as amended by Lei n.º 28/20), how are taxpayers classified across the three groups?

• AGrupo A: Salaried employees (trabalho por conta de outrem); Grupo B: Self-employed profes…
• BGrupo A: Self-employed professionals; Grupo B: Salaried employees; Grupo C: Investment in…
• CGrupo A: Salaried employees; Grupo B: Property owners; Grupo C: Corporate shareholders
• DGrupo A: Commercial operators; Grupo B: Salaried employees; Grupo C: Self-employed profes…

An employee in Luanda has a monthly gross contractual salary of 300,000 AOA. The statutory mandatory employee contribution to Social Security (INSS) is 3%. Non-taxable statutory allowances total 0 AOA. What is the net taxable monthly remuneration base for calculating CIRT (Imposto sobre o Rendimento do Trabalho)?

• A270,000 AOA
• B291,000 AOA
• C300,000 AOA
• D309,000 AOA

What is the standard withholding tax rate (taxa de retenção na fonte) applicable to payments made by corporate entities with organized accounting to independent self-employed professionals under CIRT Grupo B?

• A1%
• B6.5%
• C25%
• D35%

What is the standard statutory rate of Imposto sobre o Valor Acrescentado (IVA) in Angola under the Código do IVA (Lei n.º 7/19, as amended)?

• A5%
• B7%
• C14%
• D20%

Under the Angolan Código do IVA, what is the upper annual turnover or import-volume ceiling of the Simplified Regime, above which a taxpayer enters the General VAT Regime?

• A25,000,000 AOA
• B100,000,000 AOA
• C350,000,000 AOA
• D1,000,000,000 AOA

Which of the following input VAT expenses is excluded from the right of deduction (IVA não dedutível) under the Angolan Código do IVA?

• AIVA paid on the purchase of raw materials directly used in the manufacturing of taxable f…
• BIVA paid on electricity and telecommunications directly supporting corporate factory oper…
• CIVA incurred on expenditures related to luxury leisure passenger vehicles, recreational b…
• DIVA paid on commercial cargo transport trucks used exclusively to distribute taxable inve…

A commercial company operating in the Regime Geral do IVA records the following monthly operations: - Taxable sales of merchandise: 50,000,000 AOA (subject to 14% VAT) - Fully deductible purchases of merchandise: 30,000,000 AOA (subject to 14% VAT) - No other transactions or prior credits exist. What is the net IVA payable to the AGT for the month?

• A2,800,000 AOA
• B4,200,000 AOA
• C7,000,000 AOA
• D11,200,000 AOA

What is the function of the VAT withholding mechanism (Regime de IVA Cativo) in Angola?

• AIt permits every purchaser to reduce the supplier's invoice price by an arbitrary amount…
• BIt requires designated purchasers to retain the statutory portion of VAT shown on supplie…
• CIt converts the supplier's output VAT into a permanent corporate-income-tax exemption
• DIt postpones all VAT reporting until the supplier ceases business

Under the Código do Imposto Predial (Lei n.º 20/20), an individual landlord rents a commercial property in Talatona to a corporate entity for a monthly rent of 1,000,000 AOA. Under the lease withholding rules (where maintenance expenses of 40% are deducted from the 25% nominal rate, yielding an effective 15% rate on gross rent), what is the monthly Imposto Predial withheld at source by the corporate tenant?

• A50,000 AOA
• B100,000 AOA
• C150,000 AOA
• D250,000 AOA

Under the Angolan Código do Imposto de Selo (Stamp Duty Code, republished by Decreto Legislativo Presidencial n.º 3/14), which of the following operations is subject to Stamp Duty when not subject to VAT?

• AFinancial credit operations, bank loans, commercial receipts, and formal guarantees
• BA taxable domestic sale for which IVA is properly charged
• CAn employee's ordinary monthly salary subject to the employment-income rules
• DA transfer between two bank accounts belonging to the same person with no taxable instrum…

What is the general withholding tax rate on service provision (Retenção na Fonte sobre Prestação de Serviços) applied when an Angolan corporate entity pays domestic service providers for technical, consulting, or maintenance services?

• A2%
• B6.5%
• C14%
• D25%

Under the Código do Imposto Industrial (Lei n.º 19/14, as amended by Lei n.º 26/20), for how many consecutive subsequent tax years may a corporate taxpayer carry forward and deduct assessed tax losses (Reporte de Prejuízos Fiscais) from future taxable profits?

• A1 year only
• B5 years
• C15 years
• DIndefinitely without any time limit

Under the Angolan Transfer Pricing regime (established by Decreto Presidencial n.º 147/13 and mirrored in the Código do Imposto Industrial), what is the legal obligation imposed on large taxpayers conducting transactions with related entities (entidades relacionadas)?

• AThey need only disclose the related parties' names in the annual return, with no analysis…
• BThey must prepare and maintain an annual Transfer Pricing File (Dossier de Preços de Tran…
• CThey may use any intra-group price if both entities record the same amount in their ledge…
• DThey must price every related-party transaction at the group's historical production cost

Under the Código Geral Tributário (Lei n.º 21/14), what is the standard statute of limitations / expiration period (prazo de caducidade do direito de liquidação) after which the tax authority can no longer assess taxes against a taxpayer?

• A1 year
• B5 years
• C10 years
• D25 years

In Management and Cost Accounting (Contabilidade de Gestão), how are manufacturing costs classified based on their direct traceability to a specific cost object (such as a finished product line)?

• ADirect Costs (Custos Directos) and Indirect Costs (Custos Indirectos)
• BFixed Costs and Sunk Costs
• CTax Assets and Tax Liabilities
• DDividends and Share Capital

What is the primary conceptual difference between Absorption Costing (Custeio Total / Absorvente) and Variable Costing (Custeio Variável / Directo) in inventory valuation?

• AAbsorption costing includes both fixed and variable manufacturing overhead in the product…
• BVariable costing includes administrative salaries in inventory, while absorption costing…
• CAbsorption costing is strictly prohibited under all accounting frameworks worldwide
• DVariable costing calculates inventory based purely on future selling prices

A footwear factory in Benguela produces school shoes with the following cost structure: - Selling Price per pair: 8,000 AOA - Variable Cost per pair: 5,000 AOA - Total Fixed Operating Costs per year: 15,000,000 AOA What is the Break-Even Point (Ponto Crítico das Vendas / Ponto Morto Económico) in units (pairs of shoes)?

• A1,875 pairs
• B3,000 pairs
• C5,000 pairs
• D7,500 pairs

A beverage bottling company in Catumbela has annual sales revenue of 100,000,000 AOA. Its total variable costs are 60,000,000 AOA and fixed costs are 24,000,000 AOA. What is the company's Margin of Safety (Margem de Segurança) expressed in monetary value (AOA)?

• A16,000,000 AOA
• B24,000,000 AOA
• C40,000,000 AOA
• D60,000,000 AOA

A multi-product enterprise manufactures two product lines: Product Alpha (60% of total sales revenue, Contribution Margin Ratio = 30%) and Product Beta (40% of total sales revenue, Contribution Margin Ratio = 50%). Total company fixed costs are 38,000,000 AOA. What is the total break-even sales revenue for the company across the established sales mix?

• A76,000,000 AOA
• B95,000,000 AOA
• C100,000,000 AOA
• D126,666,667 AOA

A company currently generates a Total Contribution Margin of 20,000,000 AOA and an Operating Profit (Resultado Operacional) of 5,000,000 AOA. What is the company's Degree of Operating Leverage (Grau de Alavancagem Operacional - GAO), and what does it indicate if sales increase by 10%?

• AGAO = 0.25; Operating profit will increase by 2.5%
• BGAO = 2.0; Operating profit will increase by 20%
• CGAO = 4.0; Operating profit will increase by 40%
• DGAO = 5.0; Operating profit will increase by 50%