Free Practice Questions for JCPA

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Exam pass rate: 24.4% combined in the July 2024 sitting

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Key Facts: JCPA Exam

2 papers

The JCPA consists of Paper 1 (Jordanian legislation) and Paper 2 (accounting and auditing)

Licensing Committee Instructions of 2010, Article 6

65%

Minimum pass mark required on each of the two examination papers

Licensing Committee Instructions of 2010, Article 8

3 attempts

A candidate who passes one paper has three consecutive sittings to pass the other

Licensing Committee Instructions of 2010, Article 9

125 JOD

Reported examination fee per paper, payable to JACPA

Jordanian professional commentary and JCPA preparation providers

3 hours

Time allowed for each examination paper

JACPA official exam instructions

24.4%

Combined pass rate announced for the July 2024 sitting, 70 passes from 287 candidates

Licensing Committee results announcement

3 years

Training required of a bachelor's degree holder in accounting before licensing

Practice Regulation No. 56 of 2026, Article 10

103

English-language MCQ study adaptation practice questions in this bank

OpenExamPrep

The Jordan Certified Public Accountant (JCPA) examination is the statutory licensing assessment for auditors in Jordan, held by the Licensing Committee of the High Council for the Profession of Certified Public Accountancy under Law No. 73 of 2003 and chaired by the President of the Audit Bureau. It runs at least twice a year as two three-hour papers — Paper 1 on Jordanian legislation, Paper 2 on accounting and auditing — each requiring at least 65%, with a fee of 125 JOD per paper and recent published pass rates between roughly 15% and 25%. The official papers are sat in Arabic and mix multiple-choice with written problems; this 103-question bank is an independent English-language MCQ study adaptation covering Jordanian corporate, commercial, tax and regulatory statutes, IFRS, ISA and cost accounting.

Sample JCPA Practice Questions

Try these sample questions to review concepts for the JCPA exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 103+ question experience with AI tutoring.

1Under Jordanian Companies Law No. 22 of 1997 as amended, what minimum percentage of annual net profit must a public shareholding company allocate to its statutory reserve (compulsory reserve)?

A.5% of net profits

B.10% of net profits

C.15% of net profits

D.20% of net profits

Explanation: Article 186 of Jordanian Companies Law No. 22 of 1997 dictates that every public shareholding company must deduct 10% of its annual net profits to form a compulsory statutory reserve. This annual deduction continues until the accumulated reserve reaches an amount equal to at least 25% of the company's authorized capital. This statutory reserve cannot be distributed as dividends to shareholders, serving as a permanent equity buffer to protect corporate creditors.

2Under Article 186 of Jordanian Companies Law No. 22 of 1997, at what threshold may the General Assembly resolve to discontinue mandatory annual allocations to the statutory reserve?

A.When the reserve equals 10% of authorized capital

B.When the reserve equals 20% of authorized capital

C.When the reserve equals 25% of authorized capital

D.When the reserve equals 50% of authorized capital

Explanation: Under Article 186 of the Companies Law, the company may stop deducting 10% of annual net profits once the statutory reserve equals 25% of the company's authorized share capital. However, the Board of Directors may, with the approval of the General Assembly, continue deducting until the reserve equals the authorized capital of the company. The 25% mark represents the legal threshold where the mandatory requirement turns into a discretionary option.

3According to Article 187 of Jordanian Companies Law No. 22 of 1997, what is the maximum percentage of annual net profit that the General Assembly may allocate to a voluntary reserve?

A.Up to 10% of annual net profits

B.Up to 15% of annual net profits

C.Up to 20% of annual net profits

D.Up to 30% of annual net profits

Explanation: Article 187(a) of the Companies Law allows the Ordinary General Assembly of a public shareholding company, on the recommendation of the Board of Directors, to deduct 20% of the year's net profits for the voluntary reserve. Under Article 187(b) the voluntary reserve is used for purposes decided by the Board, and the General Assembly may distribute it in whole or in part to shareholders if it has not been used for those purposes. Article 187(c) separately allows a deduction of not more than 20% of net profits for a special reserve used for emergencies, expansion, or strengthening the company's financial position.

4What is the minimum number of partners required to form a General Partnership (شركة التضامن) under Jordanian Companies Law No. 22 of 1997?

A.1 partner

B.2 partners

C.3 partners

D.5 partners

Explanation: Under Article 9 of Jordanian Companies Law No. 22 of 1997, a General Partnership (شركة التضامن) consists of at least two persons, but not more than twenty persons, who are jointly and severally liable for all the partnership's debts and obligations to the full extent of their personal assets. Sole-shareholder entities are permitted only for limited liability or private shareholding companies under specific statutory conditions.

5How does Jordanian Companies Law define the liability of partners in a Limited Liability Company (شركة ذات مسؤولية محدودة - W.L.L.)?

A.Joint and unlimited personal liability for all corporate debts

B.Liability limited strictly to their respective shares in the company's capital

C.Joint liability up to double the nominal value of their subscribed capital

D.Unlimited liability for the managing director and limited liability for sleeping partners

Explanation: Article 53 of Companies Law No. 22 of 1997 establishes that a Limited Liability Company is an independent legal entity where the liability of each partner for the company's debts and obligations is limited strictly to their shareholding in the capital. Creditors cannot pursue the personal assets of partners for corporate liabilities, provided the corporate veil is not pierced through statutory fraud or unlawful commingling.

6What constitutes a legal quorum for the first meeting of the Ordinary General Assembly of a Public Shareholding Company under Jordanian law?

A.Shareholders representing at least 25% of subscribed shares

B.Shareholders representing at least 50% of subscribed shares

C.Shareholders representing more than 50% of subscribed shares

D.Shareholders representing at least 75% of subscribed shares

Explanation: Under Article 170 of Jordanian Companies Law No. 22 of 1997, an ordinary meeting of the General Assembly of a public shareholding company is legal only if attended by shareholders representing more than one half of the company's subscribed shares. If that quorum is not present one hour after the time fixed for the meeting, the chairman of the Board invites the General Assembly to a second meeting held within ten days of the first, announced in at least two local daily newspapers at least three days beforehand. The second meeting is legal regardless of the number of shares represented.

7Amman Commercial PLC has authorised capital of 1,000,000 JOD. Its opening compulsory (statutory) reserve balance is 180,000 JOD and its net profit for the year ended 31 December 2025 is 150,000 JOD. Applying Article 186 of Companies Law No. 22 of 1997, what is the deduction to the compulsory reserve for 2025 and the resulting balance?

A.Deduct 15,000 JOD; closing reserve 195,000 JOD

B.Deduct 70,000 JOD; closing reserve 250,000 JOD

C.Deduct 37,500 JOD; closing reserve 217,500 JOD

D.No deduction is required because the reserve already exceeds 10% of capital

Explanation: Article 186(a) fixes the annual deduction at 10% of annual net profits, and prohibits stopping it before the accumulated compulsory reserve equals a quarter of the company's authorised capital. The deduction is therefore 10% x 150,000 JOD = 15,000 JOD, bringing the reserve to 180,000 + 15,000 = 195,000 JOD. Because 195,000 JOD is still below the 250,000 JOD quarter-of-capital mark (25% x 1,000,000 JOD), the company must continue deducting in later years. Once the reserve reaches that mark the company may stop, although with General Assembly approval it may keep deducting until the reserve equals the full authorised capital.

8What is the statutory term of office for the Board of Directors of a Public Shareholding Company under Jordanian Companies Law No. 22 of 1997?

A.2 years

B.3 years

C.4 years

D.5 years

Explanation: Article 132 of Companies Law No. 22 of 1997 specifies that the term of office for members of the Board of Directors of a Public Shareholding Company is four years, beginning from the date of their election by the General Assembly. At the end of the four-year cycle, elections must be held to elect a new board, and outgoing members are eligible for re-election unless restricted by company bylaws.

9Under Article 139 of Jordanian Companies Law No. 22 of 1997, what is the legal position regarding a public shareholding company granting loans or credit facilities to its Board members?

A.Prohibited under penalty of nullification, except where the lender is a bank or financial institution lending within the limits of its objects and on the terms it applies to its other clients

B.Permitted without restriction upon approval of the Chief Executive Officer

C.Permitted provided interest is charged at the Central Bank of Jordan discount rate

D.Permitted up to a maximum of 5% of the company's paid-up capital

Explanation: Article 139 of Companies Law No. 22 of 1997 provides that, subject to nullification, a public shareholding company may not advance a cash loan of any kind to the chairman or any member of its Board of Directors, or to the ancestors, descendants or spouse of any of them. Banks and financial institutions are excluded from this prohibition and may lend to those persons within the limits of their objects and on the same terms they apply to their other clients.

10Within what period following the close of its financial year must a Public Shareholding Company hold its annual Ordinary General Assembly under Jordanian law?

A.Within 2 months

B.Within 3 months

C.Within 4 months

D.Within 6 months

Explanation: Article 169 of Companies Law No. 22 of 1997 requires the Board of Directors of a public shareholding company to convene the annual Ordinary General Assembly at least once a year, within the four months following the end of the company's financial year (usually by April 30 for companies whose financial year ends on December 31). This allows sufficient time for external auditors to complete the annual audit and submit their report.

About the JCPA Exam

The Jordan Certified Public Accountant Examination (امتحان مهنة المحاسبة القانونية, JCPA) is the statutory licensing examination for practising audit and holding the certified public accountant credential in the Hashemite Kingdom of Jordan. It is governed by the Temporary Law Regulating the Profession of Certified Public Accountancy No. 73 of 2003 and by the Licensing Committee Instructions of 2010 issued under Article 5(b) of that Law. Article 22(f) makes passing the examination, including the paper on Jordanian legislation related to the profession, a condition of the practice licence, and Article 7 of the Instructions requires holders of foreign professional qualifications to sit it too. The examination runs in at least two sittings a year and consists of two three-hour papers: Paper 1 on Jordanian legislation and Paper 2 on accounting and auditing. The official examination is administered in Arabic and combines objective questions with written computational problems; this bank is an English-language multiple-choice study adaptation intended to help candidates build the underlying concepts, legal rules and calculation methods. It is not an official translation, and it does not simulate the essay component or the language environment of the real paper.

Exam sponsor: High Council for the Profession of Certified Public Accountancy, chaired by the Minister of Industry, Trade and Supply. The examination itself is held by the Council's Licensing Committee, which is chaired by the President of the Audit Bureau, with registration and fees handled through JACPA.. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Two papers taken over two days. Paper 1 (التشريعات) covers Jordanian legislation related to the profession: the Law Regulating the Profession of Certified Public Accountancy, Commercial Law, Companies Law, Banking Law, Securities Law, Insurance Law, Investment Environment Law, Financial Leasing Law, Revenue Stamp Duty Law, Income and Sales Tax Law, Social Security Law, Insolvency Law, Audit Bureau Law, Competition Law, the Anti-Money Laundering Law and the Integrity and Anti-Corruption Commission Law. Paper 2 (المحاسبة والتدقيق) covers IFRS and IAS, International Standards on Auditing, cost accounting, managerial accounting, accounting theory, financial accounting, tax accounting and information systems.

Time Limit

3 hours per paper (180 minutes each), as stated in the official exam instructions.

Passing Score

Not less than 65% on each paper (Licensing Committee Instructions of 2010, Article 8)

Exam / Certification Fees

125 JOD per paper (250 JOD for both papers), paid to JACPA. The fee is not published on the official website.

Exam sponsor website

Reported exam pass rate: 24.4% combined in the July 2024 sitting. Announced by the Licensing Committee: 70 passes from 287 candidates in July 2024 (26.7% on Paper 1, 23.2% on Paper 2). Earlier announced sittings reported 21.2% in August 2021 and 15.4% in December 2022. This describes exam candidates, not OpenExamPrep users or results from using our resources. Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

Paper 1 of 2

Profession, Commerce, Companies and Banking Law

Law No. 73 of 2003 and Practice Regulation No. 56 of 2026, Commercial Law No. 12 of 1966 (merchants, commercial books, negotiable instruments, prescription), Companies Law No. 22 of 1997 (company forms, reserves, general assemblies, board duties, auditors, liquidation) and Banking Law No. 28 of 2000.

Paper 1 of 2

Taxation, Markets and Public Finance Legislation

Income Tax Law No. 34 of 2014 as amended, General Sales Tax Law No. 6 of 1994, Revenue Stamp Duty Law No. 20 of 2001, Securities Law No. 18 of 2017, Insurance Law, Investment Environment Law, Financial Leasing Law, Social Security Law No. 1 of 2014, Insolvency Law No. 21 of 2018, Audit Bureau Law No. 28 of 1952, Competition Law No. 33 of 2004, the Anti-Money Laundering Law No. 46 of 2007 and the Integrity and Anti-Corruption Commission Law.

Paper 2 of 2

Financial Accounting and IFRS

The conceptual framework, presentation of financial statements, inventories, property plant and equipment, intangibles, impairment, provisions, revenue recognition under IFRS 15, leases under IFRS 16, financial instruments under IFRS 9, foreign currency, events after the reporting period, earnings per share, consolidation and deferred tax.

Paper 2 of 2

Auditing, Cost and Managerial Accounting, Theory and Information Systems

International Standards on Auditing (planning, risk, internal control, evidence, sampling, related parties, going concern, fraud, subsequent events, reporting under ISA 700, 701 and 705), professional ethics, cost and managerial accounting, accounting theory and accounting information systems.

Preparing for the JCPA Exam

What You Need to Know

Passing score: Not less than 65% on each paper (Licensing Committee Instructions of 2010, Article 8)
Assessment: Two papers taken over two days. Paper 1 (التشريعات) covers Jordanian legislation related to the profession: the Law Regulating the Profession of Certified Public Accountancy, Commercial Law, Companies Law, Banking Law, Securities Law, Insurance Law, Investment Environment Law, Financial Leasing Law, Revenue Stamp Duty Law, Income and Sales Tax Law, Social Security Law, Insolvency Law, Audit Bureau Law, Competition Law, the Anti-Money Laundering Law and the Integrity and Anti-Corruption Commission Law. Paper 2 (المحاسبة والتدقيق) covers IFRS and IAS, International Standards on Auditing, cost accounting, managerial accounting, accounting theory, financial accounting, tax accounting and information systems.
Time limit: 3 hours per paper (180 minutes each), as stated in the official exam instructions.
Exam / certification fees: 125 JOD per paper (250 JOD for both papers), paid to JACPA. The fee is not published on the official website. Official sources

Using Our Practice Resources

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JCPA: Suggested Study Strategy

1Work Paper 1 from the official booklet's list of statutes rather than from a general commercial-law textbook. The list names sixteen bodies of legislation, including several that general texts skip: the Insolvency Law, the Audit Bureau Law, the Competition Law, the Revenue Stamp Duty Law and the Integrity and Anti-Corruption Commission Law.

2Learn the reserve rules as a set, because the exam contrasts them: Companies Law Article 186 requires a public shareholding company to deduct 10% of net profits until the compulsory reserve reaches a quarter of authorised capital, Article 187 caps voluntary and special reserves at 20% each, and Banking Law Article 62 requires a bank to keep deducting 10% until the reserve equals its subscribed capital.

3Fix the negotiable-instrument vocabulary before the exam. Under Commercial Law Article 123, سند السحب (also السفتجة or البوليصة) is the bill of exchange while الكمبيالة is the promissory note; Article 124 lists the bill's mandatory particulars, Article 246 sets cheque presentation at 30 days domestically, and Articles 161-163 govern the aval.

4For tax, separate the rate from the national contribution: the standard corporate rate is 20%, banks pay 35% plus a 3% national contribution, and telecoms, insurance and financial intermediation sit at 24% with their own contribution rates.

5For Paper 2, drill worked calculations under IFRS 16 (lease liability and right-of-use depreciation), IFRS 15 (allocating a transaction price on relative stand-alone selling prices) and IAS 33 (basic and diluted EPS), then memorise the ISA 700 and ISA 705 criteria that separate an unmodified opinion from a qualified, adverse or disclaimed one.

Frequently Asked Questions

What is the passing score for the JCPA exam?

Article 8 of the Licensing Committee Instructions of 2010 fixes the pass mark at not less than 65% on each of the two papers. Under Article 9, a candidate who passes one paper has three consecutive further sittings in which to pass the other; after that, both papers must be taken again.

How many papers make up the JCPA examination?

Two. Paper 1 covers Jordanian legislation related to the profession — commercial, corporate, banking, securities, insurance, tax, social security, insolvency, competition, anti-money-laundering and anti-corruption law. Paper 2 covers accounting and auditing: IFRS and IAS, International Standards on Auditing, cost and managerial accounting, accounting theory, financial and tax accounting, and information systems.

Who actually runs the JCPA examination?

The High Council for the Profession of Certified Public Accountancy, chaired by the Minister of Industry, Trade and Supply, forms a Licensing Committee under Article 5(b) of Law No. 73 of 2003. That committee, chaired by the President of the Audit Bureau, sets and marks the papers and holds the examination in at least two sittings a year. JACPA handles registration, fees and the trainees register.

What is the fee for taking the JCPA exam in Jordan?

125 Jordanian Dinars per paper, so 250 JOD to sit both in one session, paid to JACPA. JACPA does not publish a fee schedule on its website, so verify the current amount with the association when you register.

What are the eligibility requirements for the JCPA?

Article 22 of Law No. 73 of 2003 requires Jordanian nationality, full civil capacity, no conviction for a felony or a misdemeanour against morals or honesty, a qualifying credential, completion of the training requirements, and passing the Licensing Committee examination. The qualifying credential may be a university degree in accounting, a community college diploma in accounting, a degree in a related discipline with at least 24 accredited accounting hours, or a recognised professional qualification held alongside a university degree. Training periods under Regulation No. 56 of 2026 run from 1 year for a doctorate to 5 years for a community college diploma.

Is this practice bank an official translation of the JCPA?

No. The official JCPA papers are sat in Arabic and combine multiple-choice questions with written computational and essay problems. This resource is an independent English-language multiple-choice study adaptation published by OpenExamPrep to help candidates build the underlying concepts and calculation methods. It does not reproduce the official papers, does not simulate the essay component, and is not a substitute for studying the Arabic statutory texts.