PracticeVideosBlogFlashcardsEspañol
All Practice Exams

Free Practice Questions for Cambodia CPA

Exam-style questions and explanations by OpenExamPrep.

✓ No registration✓ No credit card
Exam pass rate: Foundation level: June 2024 MAC 50%; December 2024 MAC 38%, FAC 92%, BMIs 54%
100+ Questions
100% Free

Loading practice questions...

Exam Review

Key Facts: Cambodia CPA Exam

50%

Passing score per paper (marked out of 100%)

ACAR Detailed Subject Blueprint s.1.11

3

Program levels (Foundation, Intermediate, Advanced)

ACAR Detailed Subject Blueprint s.1.3

12

Papers sat by a candidate, from 14 published across the three levels

ACAR Detailed Subject Blueprint s.1.5-1.7

2 / 2.5 / 3 hrs

Paper duration by level (Foundation, Intermediate, Advanced)

ACAR Detailed Subject Blueprint s.1.8

ACAR & KICPAA

Governing regulatory and professional accountancy bodies

ACAR National CPA Program Management Committee

Khmer ('km')

Language in which ACAR publishes the official syllabus blueprint

ACAR Cambodia CPA Detailed Subject Blueprint (Khmer)

Free 100-question English MCQ practice for the Cambodia CPA qualification (KICPAA / ACAR). Covers Foundation, Intermediate, and Advanced subjects. Independent study aid, not an official exam.

Sample Cambodia CPA Practice Questions

Try these sample questions to review concepts for the Cambodia CPA exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under Article 85 of the Cambodian Law on Commercial Enterprises, which type of business may NOT be formed as a company under that Law?
A.A trading company importing and distributing consumer goods
B.A bank, an insurance company, or a finance company
C.A manufacturing company operating a garment factory
D.A company providing management and accounting services
Explanation: Article 85 authorises the formation of private limited companies and public limited companies to carry on business in Cambodia, but expressly states that a company shall not be formed under this Law to carry on the business of a bank, an insurance company or a finance company. Those entities are established and licensed under their own sector legislation and supervised by the National Bank of Cambodia or the insurance regulator.
2Under the Cambodian Law on Commercial Enterprises, what is the effect of an act performed by one general partner in the name of the general partnership, in the ordinary course of its business?
A.It binds the general partnership, and an internal agreement between the partners restricting that authority has no effect against a third party acting in good faith
B.It binds only the partner who performed it, until the other partners ratify it in writing
C.It binds the general partnership only if all other general partners countersign the document
D.It has no legal effect until the act is registered with the Ministry of Commerce
Explanation: Article 40 makes each general partner an agent of the general partnership in respect of third parties acting in good faith, and provides that each general partner binds the partnership for every act performed in its name in the ordinary course of its business. The article expressly states that any agreement to the contrary is not effective, so private limits on a partner's authority cannot be raised against a good-faith third party.
3Under the Cambodian Law on Commercial Enterprises, what is the minimum number of directors required on the Board of Directors of a Public Limited Company?
A.1 director
B.2 directors
C.3 directors
D.5 directors
Explanation: Article 118 of the Cambodian Law on Commercial Enterprises specifies that a public limited company must have a board of directors comprising at least 3 members. In contrast, a private limited company may have 1 or more directors.
4Which of the following corporate actions requires a special resolution of shareholders under the Cambodian Law on Commercial Enterprises?
A.Approval of the annual financial statements and directors' report
B.Election or re-election of directors to the board
C.Appointment of the company's auditor
D.Amending the company's articles of incorporation
Explanation: Article 236 provides that the articles of a company shall be amended by special resolution. Article 88(10) defines a special resolution as one passed by a majority of not less than two-thirds of the votes cast by the shareholders who voted on the resolution, or signed by all shareholders entitled to vote on it.
5A shareholder in a Cambodian private limited company wishes to sell shares to an outside buyer. How does the Law on Commercial Enterprises regulate that transfer?
A.Shares are transferable subject to restrictions imposed by the Law and by the company's articles, and any such restriction must be stated on the face of the share certificate
B.A fixed statutory threshold requires consent of shareholders holding at least three-quarters of the shares in every case
C.Share transfers to non-shareholders are prohibited outright in a private limited company
D.The transfer takes effect on the company secretary's signature alone, without regard to the articles
Explanation: Article 154 states that, subject to restrictions imposed by the Law and the articles, shares are transferable, and the company must record the transfer on request of both transferor and transferee. Article 86(c) contemplates that a private limited company may have one or more restrictions on the transfer of each class of its shares, and Article 169(5) requires any restriction on transfer to be stated on the face of the share certificate. The restriction therefore comes from the company's own articles, not from a fixed statutory percentage.
6Where must a commercial enterprise in Cambodia be registered to acquire legal personality and the legal right to conduct business operations?
A.National Bank of Cambodia only
B.Commercial Registry of the Ministry of Commerce
C.General Department of Customs and Excise
D.Securities and Exchange Regulator of Cambodia
Explanation: Legal personality for commercial companies and partnerships in Cambodia is established upon registration with the Commercial Registry maintained by the Ministry of Commerce.
7Unless the articles provide otherwise, what constitutes a quorum at a general meeting of shareholders under the Cambodian Law on Commercial Enterprises?
A.Holders of at least 25% of the shares entitled to vote, present or represented by proxy
B.Holders of at least one-third of the shares entitled to vote, present or represented by proxy
C.Holders of a majority of the shares entitled to vote, present in person or represented by proxy
D.All shareholders holding voting shares, attending in person
Explanation: Article 217 provides that, unless the articles provide otherwise, a quorum of a shareholders general meeting is the holders of a majority of the shares entitled to vote at the meeting, present in person or represented by proxy. If a quorum is not present at the opening of the meeting, those present may only adjourn it to a fixed time and place and may not transact other business.
8Under Cambodian company law, what is the core fiduciary duty of directors when managing company affairs?
A.To act honestly and in good faith with a view to the best interests of the company
B.To prioritize the individual financial interests of the founding shareholder at all times
C.To maximize short-term executive bonuses regardless of solvency considerations
D.To personally guarantee the repayment of all corporate debt contracts
Explanation: Article 289 of the Law on Commercial Enterprises requires every director and officer, in exercising their duties, to act honestly and in good faith with a view to the best interests of the company, and to exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances.
9A solvent Cambodian limited company passes a special resolution to reduce one of its capital accounts. Under Article 150 of the Law on Commercial Enterprises, when is the company nevertheless barred from making the reduction?
A.Whenever any shareholder votes against the special resolution
B.Whenever there are reasonable grounds to believe the company is, or would become, unable to pay its liabilities as they become due, or that the realisable value of its assets would be less than its total liabilities
C.Whenever the company has any bank borrowings outstanding at the date of the resolution
D.Whenever the reduction has not first been approved by the General Department of Taxation
Explanation: Article 150 permits a company to reduce a capital account by special resolution specifying the account concerned, but prohibits the reduction where there are reasonable grounds for believing that the company is, or after the payment would be, unable to pay its liabilities as they become due, or that the realisable value of its assets would be less than the aggregate of its liabilities. A creditor may apply to the court for repayment of money or property received under a reduction made contrary to the article.
10A Cambodian company files an amendment to its articles decreasing its stated capital. Under Article 238(f) of the Law on Commercial Enterprises, what protection does the Law give to creditors?
A.Creditors must be paid in full within 24 hours of the shareholders' resolution
B.Creditors have no standing, because stated capital is purely a matter between the company and its shareholders
C.Creditors may object only after the company has entered court-ordered liquidation
D.No reduction takes effect until 90 days after the amendment is filed with the Ministry of Commerce, and a creditor who objects within that period, on a debt the company does not dispute, must be paid in full first
Explanation: Article 238(f) sets two limits on a reduction of stated capital. The stated capital may not be reduced to less than one half of the capital provided for in the articles, and no reduction occurs until ninety days after the amendment has been filed with the Ministry of Commerce. If a creditor objects during that window and the company does not dispute the debt, that creditor must be paid in full before the reduction can take effect.

About the Cambodia CPA Exam

The Cambodia Certified Public Accountant (CPA) qualification is the national professional accountancy credential established by the Accounting and Auditing Regulator (ACAR) in collaboration with KICPAA. It is structured across three tiers: Foundation (Cambodian Commercial Law, Management Accounting, Financial Accounting, Business Management & Information Systems), Intermediate (Cambodian Taxation, Financial Reporting and Disclosure, Principles of Auditing and Assurance, Financial Management, Strategic Management Accounting), and Advanced (Strategy, Governance and Risk Management, Advanced Financial Reporting and Disclosure, plus an elective in Advanced Audit, Public Sector Reporting, or Strategic Financial Management). This practice bank offers independent English-language MCQ questions adapted from the published syllabus topics for study and review.

Exam sponsor: Accounting and Auditing Regulator (ACAR) and Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Three progressive levels: Level 1 Foundation (CBL Cambodian Commercial Law, MAC Management Accounting, FAC Financial Accounting, BMI Business Management and Information Systems); Level 2 Intermediate (CTax Cambodian Taxation, FRD Financial Reporting and Disclosure, PAA Principles of Auditing and Assurance, FIM Financial Management, SMA Strategic Management Accounting); Level 3 Advanced (SGR Strategy, Governance and Risk Management, AFD Advanced Financial Reporting and Disclosure, plus one elective from AAP Advanced Audit and Practice, PFR Public Sector Financial Reporting, or SFM Strategic Financial Management). Candidates must complete Level 1 before Level 2, and Level 2 before Level 3. Pass mark is 50% on every paper. This 100-question practice bank is an independent English-language MCQ study adaptation.

Time Limit

varies-by-level

Passing Score

50% on each paper (marked out of 100%)

Exam / Certification Fees

not-published

Exam sponsor website

Reported exam pass rate: Foundation level: June 2024 MAC 50%; December 2024 MAC 38%, FAC 92%, BMIs 54%. ACAR publishes pass rates only for Foundation-level papers and only for the June 2024 and December 2024 sittings. No Intermediate or Advanced pass rates are published. 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.

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.

Foundation: 4 papers (38 practice questions)

Level 1 Foundation (CBL, MAC, FAC, BMI)

Cambodian commercial enterprise law, costing fundamentals, double-entry financial accounting, and business information systems.

Intermediate: 5 papers (46 practice questions)

Level 2 Intermediate (CTax, FRD, PAA, FIM, SMA)

Cambodian corporate taxation and VAT, financial reporting under CIFRS, auditing standards (CISAs), working capital and capital budgeting, and strategic costing.

Advanced: 2 core + 1 elective (16 practice questions)

Level 3 Advanced (SGR, AFD, and Options)

Corporate strategy, governance, risk management, consolidated financial statements, financial instruments, and specialized audit/public-sector practice.

Preparing for the Cambodia CPA Exam

What You Need to Know

  • Passing score: 50% on each paper (marked out of 100%)
  • Assessment: Three progressive levels: Level 1 Foundation (CBL Cambodian Commercial Law, MAC Management Accounting, FAC Financial Accounting, BMI Business Management and Information Systems); Level 2 Intermediate (CTax Cambodian Taxation, FRD Financial Reporting and Disclosure, PAA Principles of Auditing and Assurance, FIM Financial Management, SMA Strategic Management Accounting); Level 3 Advanced (SGR Strategy, Governance and Risk Management, AFD Advanced Financial Reporting and Disclosure, plus one elective from AAP Advanced Audit and Practice, PFR Public Sector Financial Reporting, or SFM Strategic Financial Management). Candidates must complete Level 1 before Level 2, and Level 2 before Level 3. Pass mark is 50% on every paper. This 100-question practice bank is an independent English-language MCQ study adaptation.
  • Time limit: varies-by-level
  • Exam / certification fees: not-published Official sources

Using Our Practice Resources

  • Work through all 100 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

Cambodia CPA: Suggested Study Strategy

1Master the progression sequence: complete all Level 1 Foundation subjects before attempting Level 2, and all Level 2 subjects before Level 3.
2Pay special attention to domestic Cambodian regulations in CBL (Law on Commercial Enterprises) and CTax (Tax on Income, Minimum Tax, VAT, and Withholding Tax rules).
3For financial reporting papers (FAC, FRD, AFD), practice journal entries and disclosures under CIFRS and CIFRS for SMEs as adopted by ACAR.
4For auditing (PAA and AAP), review the Cambodian International Standards on Auditing (CISAs) and the KICPAA / IESBA Code of Ethics for Professional Accountants.
5Work through quantitative calculation questions under timed conditions, especially for management accounting (MAC/SMA) and financial management (FIM).

Frequently Asked Questions

What is the Cambodia Certified Public Accountant (CPA) qualification?

The Cambodia CPA is the national professional accountancy qualification established by the Accounting and Auditing Regulator (ACAR) in partnership with the Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA). It satisfies the formal academic and examination requirements for statutory public-accountancy and auditing licensure in Cambodia.

What is the examination structure and pass mark for the Cambodia CPA?

The curriculum is divided into three tiers: Level 1 Foundation (4 papers: CBL, MAC, FAC, BMI), Level 2 Intermediate (5 papers: CTax, FRD, PAA, FIM, SMA), and Level 3 Advanced (2 core papers: SGR, AFD, plus one elective from AAP, PFR, or SFM). The pass mark is 50% on each paper (marked out of 100%). Foundation papers are 2 hours (100% objective questions); Intermediate papers are 2.5 hours (30% objective, 70% written/calculation); Advanced papers are 3 hours (100% written/calculation).

What official languages are used for the Cambodia CPA examination?

ACAR publishes the official Cambodia CPA detailed subject blueprint in Khmer, using English abbreviations for the paper codes (CBL, MAC, FAC, BMI, CTax, FRD, PAA, FIM, SMA, SGR, AFD, AAP, PFR, SFM). ACAR does not publish the language or languages in which the papers themselves are sat, so we do not assert one. This OpenExamPrep practice bank is an independent English-language MCQ study adaptation; it is not an official translation, an official past paper, or a simulation of the written Intermediate and Advanced papers.

How are Cambodian domestic legal and tax topics incorporated?

CBL (Cambodian Commercial Law) is based on the Cambodian Law on Commercial Enterprises and commercial regulations, while CTax (Cambodian Taxation) tests the Law on Taxation, General Department of Taxation regulations, Tax on Income, VAT, and withholding taxes. Other subjects (FAC, FRD, PAA, FIM) apply international frameworks (CIFRS/IFRS, CISAs/ISAs) contextualised to Cambodia.

What are the eligibility requirements for the Cambodia CPA?

Candidates with an upper secondary school diploma (Bac II / សញ្ញាបត្រទុតិយភូមិ) must pass an entrance aptitude test before entering Level 1. Graduates holding a relevant bachelor's degree in accounting, banking, finance, or an equivalent qualification from a recognized university receive direct admission and may qualify for subject-specific exemptions.

Are OpenExamPrep practice questions official ACAR exam materials?

No. OpenExamPrep provides independent practice questions written in English to help candidates learn and reinforce the core technical principles outlined in the ACAR subject blueprint. They do not represent official ACAR past papers, nor do they simulate the written format of Intermediate and Advanced papers.