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Free Practice Questions for OECFM Stage Concours

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Key Facts: OECFM Stage Concours Exam

500,000 Ar

Official candidate registration fee payable to OECFM for the stage entrance concours

https://oecfm.mg

25 places

Session quota of available stage positions announced by OECFM for the 2026 concours

https://oecfm.mg

12 hours

Total duration of the two written synthesis examinations (6 hours each) plus oral interview

https://oecfm.mg

3 years

Duration of the mandatory professional training stage in an accounting firm upon passing

https://oecfm.mg

17 Aug–30 Sep 2026

Official examination period stated for the 2026 written and oral stages

https://www.cabinetmbc.com/post/concours-d-acc%C3%A8s-au-stage-d-expert-comptable-et-financier-session-2026

Free 100-question independent study practice for the 2026 OECFM chartered accountancy stage concours, covering PCG 2005, Malagasy tax (CGI), commercial law, auditing, and corporate finance.

Sample OECFM Stage Concours Practice Questions

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

1Under the Malagasy Plan Comptable Général (PCG 2005), which accounting principle requires that revenues and charges be recorded in the accounting period in which they are earned or incurred, regardless of the date of cash receipt or payment?
A.The accrual principle (principe d'indépendance des exercices)
B.The historical cost principle (principe du coût historique)
C.The prudence principle (principe de prudence)
D.The going concern principle (principe de continuité de l'exploitation)
Explanation: The accrual principle (principe d'indépendance des exercices or spécialisation des exercices) under PCG 2005 requires all revenues and expenses attributable to a specific fiscal year to be recorded in that period, independent of when cash disbursements or receipts occur.
2Under PCG 2005, which of the following represents the correct accounting class structure for recording intangible and tangible fixed assets (immobilisations)?
A.Classe 2 (Comptes d'immobilisations)
B.Classe 1 (Comptes de capitaux)
C.Classe 3 (Comptes de stocks et en-cours)
D.Classe 4 (Comptes de tiers)
Explanation: In the Malagasy PCG 2005 chart of accounts, Classe 2 is reserved for all non-current assets (immobilisations incorporelles, corporelles, et financières).
3A Malagasy manufacturing company acquires industrial machinery on 1 April 2025 for 120,000,000 Ariary (excluding deductible VAT). Installation costs amount to 10,000,000 Ariary, and test run expenses are 2,000,000 Ariary. The machine has a useful life of 5 years with zero residual value and is depreciated on a straight-line basis. What is the depreciation expense recorded for the fiscal year ending 31 December 2025?
A.19,800,000 Ariary
B.26,400,000 Ariary
C.18,000,000 Ariary
D.24,000,000 Ariary
Explanation: The initial cost of the asset includes purchase price plus directly attributable installation and testing costs: 120,000,000 + 10,000,000 + 2,000,000 = 132,000,000 Ariary. Annual straight-line depreciation is 132,000,000 / 5 = 26,400,000 Ariary. For 2025, the asset is in service from 1 April to 31 December (9 months), giving a prorated depreciation of 26,400,000 * (9 / 12) = 19,800,000 Ariary.
4Under IAS 38 and PCG 2005, which of the following conditions must be satisfied before development expenditures (frais de développement) can be capitalized as an intangible asset?
A.The entity demonstrates technical feasibility, intention and ability to complete and sell or use the asset, probable future economic benefits, and reliable measurement of expenditures
B.The entity has secured external bank financing specifically dedicated to the development project
C.The research phase has incurred at least 50% of the total projected costs of the project
D.The intellectual property patent has already been officially granted by the national patent office (OMAPI)
Explanation: Both IAS 38 and PCG 2005 require six cumulative criteria to capitalize development costs: technical feasibility, intention to complete, ability to use or sell, generation of probable future economic benefits, availability of adequate resources, and ability to measure expenditures reliably.
5Under PCG 2005 and IAS 36, when an entity performs an impairment test on an item of property, plant, and equipment, how is the recoverable amount (valeur recouvrable) defined?
A.The higher of fair value less costs to sell (juste valeur diminuée des coûts de sortie) and value in use (valeur d'utilité)
B.The lower of fair value less costs to sell and historical net book value
C.The discounted present value of expected future cash flows only
D.The replacement cost adjusted for physical wear and tear
Explanation: Under IAS 36 and PCG 2005, the recoverable amount is defined as the higher of fair value less costs of disposal and value in use (the present value of estimated future cash flows from continuous use and ultimate disposal).
6At year-end 2025, a company holds merchandise purchased for 50,000,000 Ariary. Due to obsolescence, the estimated selling price is 42,000,000 Ariary, and additional marketing and delivery costs to complete the sale are estimated at 2,000,000 Ariary. What is the net realizable value (valeur nette de réalisation) and the required provision for inventory write-down?
A.Net realizable value is 40,000,000 Ariary; write-down provision is 10,000,000 Ariary
B.Net realizable value is 42,000,000 Ariary; write-down provision is 8,000,000 Ariary
C.Net realizable value is 44,000,000 Ariary; write-down provision is 6,000,000 Ariary
D.Net realizable value is 50,000,000 Ariary; no write-down provision is permitted
Explanation: Net realizable value (NRV) is the estimated selling price less estimated completion and selling costs: 42,000,000 - 2,000,000 = 40,000,000 Ariary. The inventory carrying amount is 50,000,000 Ariary. Because NRV is lower than cost, a provision for depreciation of inventories (dépréciation des stocks) of 50,000,000 - 40,000,000 = 10,000,000 Ariary must be recognized.
7Which inventory costing method is explicitly prohibited under both PCG 2005 and IFRS (IAS 2)?
A.Last-In, First-Out (LIFO / DEPS)
B.First-In, First-Out (FIFO / PEPS)
C.Weighted Average Cost (CUMP)
D.Specific identification for non-interchangeable goods
Explanation: Both PCG 2005 and IAS 2 prohibit the Last-In, First-Out (LIFO) method because it causes inventory on the balance sheet to be valued at outdated historical costs, distorting financial presentation.
8Under IAS 37 and PCG 2005, which three cumulative conditions are required to recognize a provision for liabilities and charges (provision pour risques et charges)?
A.A present legal or constructive obligation from a past event, a probable outflow of economic resources, and a reliable estimate of the obligation amount
B.A potential future obligation, a board resolution approving the provision, and a formal claim submitted by a creditor
C.A signed contract with a third party, an external bank guarantee, and ministerial approval
D.A past economic transaction, a certain cash outflow within 30 days, and zero estimation uncertainty
Explanation: A provision is recognized only when: (1) an entity has a present obligation (legal or constructive) resulting from a past event, (2) it is probable that an outflow of resources embodying economic benefits will be required to settle it, and (3) a reliable estimate can be made of the amount of the obligation.
9Under the Malagasy PCG 2005 guidance, how are realized and unrealized foreign-exchange differences caused by exchange-rate changes recognized?
A.They are recognized directly as financial expense for an exchange loss or financial income for an exchange gain
B.Unrealized differences are held only in balance-sheet translation accounts, with gains excluded from income
C.They are ignored until settlement, keeping monetary assets and liabilities at original historical transaction rates
D.They are charged directly against share premium (prime d'émission) in equity
Explanation: Malagasy PCG 2005 implementation guidance states that exchange losses, whether realized or unrealized, are recorded directly as financial expense and exchange gains, whether realized or unrealized, are recorded directly as financial income.
10Under IFRS 16 (Leases), how must a lessee account for operating leases that have a term greater than 12 months without purchase option, compared to legacy treatment?
A.Recognize a Right-of-Use (ROU) asset and a corresponding lease liability on the balance sheet
B.Expense lease payments linearly as operating rent expense in the income statement without balance sheet recognition
C.Recognize the lease liability as off-balance sheet commitments in the notes only
D.Capitalize the lease payments directly into retained earnings
Explanation: IFRS 16 eliminated the distinction between operating and finance leases for lessees. Lessees must recognize a Right-of-Use asset representing the right to use the underlying asset and a lease liability representing the obligation to make lease payments on the balance sheet.

About the OECFM Stage Concours Exam

The Concours d'accès au stage is the competitive national entrance examination organized by the Ordre des Experts-Comptables et Financiers de Madagascar (OECFM) under Ordonnance n° 92-047 for admission to the mandatory three-year professional internship leading to the Diplôme d'Expert-Comptable et Financier. The official written-paper descriptions cover accounting, law, taxation, auditing, management, and information systems, followed by a technical and general oral examination. This free bank provides independent English-language MCQ practice for those topics and related professional knowledge; it is not an official OECFM examination, translation, format simulation, or past paper.

Exam sponsor: Ordre des Experts-Comptables et Financiers de Madagascar (OECFM). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

The examination comprises two written synthesis papers of 6 hours each (12 hours written total) plus an oral examination. Paper 1 tests accounting, law, taxation, and auditing. Paper 2 tests accounting, management, and information systems. The oral covers technical and general questions. This 100-question resource is an independent English-language MCQ study adaptation, not an official translation, format simulation, or substitute for written and oral practice.

Time Limit

12 hours of written examinations (two 6-hour sessions) plus an oral admission interview

Passing Score

No fixed numeric pass mark is published in the accessible 2026 order; the jury determines written admissibility and final admission is limited to 25 places.

Exam / Certification Fees

500,000 Ariary registration fee (Ar 500 000)

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.

20 practice questions

Financial Accounting & Reporting

General accounting under Madagascar PCG 2005, asset valuation, amortizations, provisions, financial statements, and IFRS/IAS recognition rules.

20 practice questions

Malagasy Tax Law

Code Général des Impôts (CGI Madagascar): corporate tax (IR 20%), synthetic tax (IS 5%), value-added tax (TVA 20%), payroll tax (IRSA), and tax procedures.

15 practice questions

Corporate & Commercial Law

Loi n° 2003-036 on commercial companies: SARL, SA, SAS structures, governance, managers' liability, shareholder rights, and commercial obligations.

15 practice questions

Auditing & Internal Control

International Standards on Auditing (ISA), risk assessment, audit evidence, internal control evaluation, audit reports, and statutory audit mandates.

10 practice questions

Advanced Accounting & Consolidation

Business combinations, mergers, group consolidation perimeters and methods (full, proportional, equity), and intercompany eliminations.

12 practice questions

Management Accounting & Corporate Finance

Costing methods, break-even analysis, working capital (BFR), financial structure ratios, investment appraisal (NPV, IRR), and cash budgeting.

8 practice questions

Information Systems & Professional Ethics

Information system controls, accounting software governance, OECFM code of ethics, professional secrecy, independence, and AML-CFT regulations (SAMIFIN).

Preparing for the OECFM Stage Concours Exam

What You Need to Know

  • Passing score: No fixed numeric pass mark is published in the accessible 2026 order; the jury determines written admissibility and final admission is limited to 25 places.
  • Assessment: The examination comprises two written synthesis papers of 6 hours each (12 hours written total) plus an oral examination. Paper 1 tests accounting, law, taxation, and auditing. Paper 2 tests accounting, management, and information systems. The oral covers technical and general questions. This 100-question resource is an independent English-language MCQ study adaptation, not an official translation, format simulation, or substitute for written and oral practice.
  • Time limit: 12 hours of written examinations (two 6-hour sessions) plus an oral admission interview
  • Exam / certification fees: 500,000 Ariary registration fee (Ar 500 000) 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

OECFM Stage Concours: Suggested Study Strategy

1Master the Malagasy Plan Comptable Général (PCG 2005) account numbers and valuation rules, noting differences with international IFRS standards.
2Thoroughly review the current Code Général des Impôts (CGI Madagascar), specifically the 20% IR rate, minimum fiscal calculations, 5% IS thresholds, and VAT deductible rules.
3Practice full written case study solutions and financial computations (NPV, BFR, consolidation entries) in addition to multiple-choice concept drills.
4Understand the statutory responsibilities of the Commissaire aux Comptes under Loi n° 2003-036 and the International Standards on Auditing (ISA).
5Familiarize yourself with the OECFM Code of Ethics, independence requirements, and Malagasy AML/CFT reporting rules under SAMIFIN.

Frequently Asked Questions

What is the official examination format for the OECFM stage entrance concours?

The official concours consists of two 6-hour written synthesis case studies (12 hours total) and an oral interview. Paper 1 covers accounting, law, taxation, and auditing; Paper 2 covers advanced accounting, management, and information systems. Fixed item counts are not published by OECFM.

What is the registration fee for the OECFM stage concours in Madagascar?

The official registration fee is 500,000 Ariary (Ar 500 000), payable to the bank account of the Ordre des Experts-Comptables et Financiers de Madagascar (OECFM).

What eligibility qualifications are required for the OECFM stage concours?

Candidates must hold the national Diplôme d'Études Supérieures Comptables et Financières (DESCF), the INSCAE Diplôme d'Études en Sciences Comptables Approfondies (DESCA), or one of the Master 2 qualifications from the institutions specifically listed in the 2026 order. Candidates should consult the session order rather than assume every similarly titled degree is eligible.

What language is the official OECFM concours conducted in?

The accessible 2026 order and official subject labels are published in French, but the order does not separately state the permitted examination language or languages. This bank is an independent English-language MCQ adaptation, not an official translation or a simulation of the written and oral format.

How are candidates selected for the OECFM internship?

Admission is limited to 25 places for the 2026 session. The accessible order states that the jury determines the number admitted to the oral stage and then establishes the final admission list; it does not publish a fixed numeric pass mark.