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Key Facts: OAG Advanced Accounting Course Exam

7 Subjects

Curriculum subjects evaluated in the Advanced Course examination

Office of the Auditor General training curriculum

75% Attendance

Required attendance threshold to sit the course examination

Office of the Auditor General training regulations

Gazetted Level

Targeted at civil service accounts officers and gazetted personnel

Office of the Auditor General course eligibility rules

The OAG Advanced Accounting Course Examination tests senior gazetted and accounting civil servants across 7 subjects upon completing an intensive two-month training program. Candidates must satisfy a 75% attendance threshold to take the examination, with performance rated Above Normal, Normal, or Below Normal.

Sample OAG Advanced Accounting Course Practice Questions

Try these sample questions to review concepts for the OAG Advanced Accounting Course exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 92+ question experience with AI tutoring.

1Under the Myanmar Companies Law 2017 (MCL 2017), what is the statutory minimum requirement regarding shareholders and directors for incorporating a private company limited by shares?

A.At least two shareholders and at least two directors, both of whom must be Myanmar citizens

B.At least one shareholder and at least one director who must be ordinarily resident in Myanmar

C.At least three shareholders and at least one executive director approved by DICA

D.At least seven shareholders and a board of not less than three directors

Explanation: Section 4(a)(vi) and Section 173 of the Myanmar Companies Law 2017 modernize corporate formation by permitting a private company to be incorporated with as few as one shareholder and at least one director. However, at least one director must be ordinarily resident in Myanmar. Note: This is an independent English-language MCQ study adaptation for the OAG Advanced Course examination.

2How is an 'ordinarily resident' director defined under the Myanmar Companies Law 2017?

A.A permanent citizen of Myanmar holding a National Registration Card (NRC)

B.A person who is physically present in Myanmar for at least 183 days in each 12-month period

C.A resident alien holding a valid permanent residence permit issued by the Ministry of Foreign Affairs

D.A person who owns immovable property in Myanmar and pays municipal commercial taxes

Explanation: Under Section 1(c)(xviii) of the Myanmar Companies Law 2017, an ordinarily resident individual is defined as a person who is present in Myanmar for at least 183 days in each 12-month period, which can be either a citizen or a foreigner. Note: This is an independent English-language MCQ study adaptation for the OAG Advanced Course examination.

3What is the primary function of the MyCO (Myanmar Companies Online) registry platform administered by the Directorate of Investment and Company Administration (DICA)?

A.Regulating foreign currency transactions and approving cross-border remittance quotas

B.Providing an electronic corporate registry for company incorporation, statutory filings, and public records search

C.Adjudicating commercial disputes and enforcing arbitral awards between joint venture partners

D.Auditing and publishing tax assessment notices for State-Owned Economic Enterprises

Explanation: MyCO is the national electronic corporate registry platform established under the Myanmar Companies Law 2017 and administered by DICA. It enables digital incorporation, filing of annual returns, recording of director and shareholding changes, and public registry searches. Note: This is an independent English-language MCQ study adaptation for the OAG Advanced Course examination.

4Under the Myanmar Companies Law 2017, how is an 'Overseas Corporation' required to establish legal operations in Myanmar before carrying on business?

A.It must surrender all foreign shares to a designated State-Owned Economic Enterprise

B.It must register with the Registrar under Part VII of the MCL 2017 within 28 days of commencing business

C.It must incorporate a 100% locally owned subsidiary before commencing any preliminary discussions

D.It must obtain prior executive clemency from the Pyidaungsu Hluttaw legislative assembly

Explanation: Under Section 43 of the MCL 2017, an overseas corporation (a company incorporated outside the Union) must not carry on business in Myanmar unless it is registered as an overseas corporation with DICA within 28 days of commencing business. Note: This is an independent English-language MCQ study adaptation for the OAG Advanced Course examination.

5According to Section 124 of the Myanmar Contract Act 1872, what constitutes a 'Contract of Indemnity'?

A.A contract by which one party promises to save the other from loss caused by the conduct of the promisor or any other person

B.An agreement to perform a promise on behalf of a third party only upon that third party's personal bankruptcy

C.A bailment of goods delivered specifically as collateral security for the repayment of a commercial loan

D.A reciprocal promise where consideration consists solely of natural love and affection between blood relatives

Explanation: Section 124 of the Myanmar Contract Act 1872 explicitly defines a contract of indemnity as a contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person. Note: This is an independent English-language MCQ study adaptation for the OAG Advanced Course examination.

6Which of the following correctly outlines the core statutory duties imposed on corporate directors under Sections 166 through 172 of the Myanmar Companies Law 2017?

A.To guarantee an annual dividend payout of at least 10% to all preference shareholders regardless of operating profit

B.To act in good faith in the best interests of the company, exercise care and diligence, and avoid unauthorized conflicts of interest

C.To personally assume and secure all institutional credit facilities contracted by the corporation

D.To attend every weekly administrative staff coordination briefing and countersign all purchase vouchers

Explanation: Sections 166 to 172 of the MCL 2017 codify fundamental director duties: duty of care and diligence, duty to act in good faith in the best interests of the company, duty to use powers for a proper purpose, duty not to improperly use position or information, and duty to disclose material personal interests. Note: This is an independent English-language MCQ study adaptation for the OAG Advanced Course examination.

7Under Section 146 of the Myanmar Companies Law 2017, what are the statutory timelines for convening an Annual General Meeting (AGM) for a public company?

A.Every six months, with no more than nine months elapsing between consecutive meetings

B.Once in each calendar year, within 18 months of incorporation, and not more than 15 months after the preceding AGM

C.Within 30 days of the close of each fiscal quarter, upon unanimous approval of the board of directors

D.Only upon formal written requisition submitted by 50% or more of voting debenture holders

Explanation: Under Section 146 of MCL 2017, a public company must hold an AGM once in every calendar year, within 18 months from its incorporation date, and subsequently at intervals of not more than 15 months after the preceding AGM. Note: This is an independent English-language MCQ study adaptation for the OAG Advanced Course examination.

8In a Contract of Guarantee governed by Section 126 and Section 128 of the Myanmar Contract Act 1872, what is the legal relationship between the liability of the surety and that of the principal debtor?

A.The surety's liability is primary, and the creditor cannot demand payment from the principal debtor

B.The surety's liability is co-extensive with that of the principal debtor, unless otherwise provided by contract

C.The surety's liability arises only after the creditor has exhausted all judicial foreclosure remedies against the debtor's estate

D.The surety's liability is void ab initio unless supported by a separate independent cash fee paid by the creditor

Explanation: Section 128 of the Myanmar Contract Act 1872 establishes that the liability of the surety is co-extensive with that of the principal debtor, unless it is otherwise provided by the contract. This means the creditor can proceed against the surety upon the debtor's default without first having to sue the principal debtor. Note: This is an independent English-language MCQ study adaptation for the OAG Advanced Course examination.

9What is the critical legal distinction between a 'Bailment' under Section 148 and a 'Pledge' under Section 172 of the Myanmar Contract Act 1872?

A.Bailment applies only to immovable real estate, whereas pledge applies solely to corporate shares

B.Pledge is a specialized form of bailment where goods are delivered specifically as security for the payment of a debt or performance of a promise

C.Bailment transfers ownership title permanently, whereas pledge transfers temporary possession without any legal duties

D.Bailment requires formal registration with DICA, whereas pledge is informal and unenforceable in court

Explanation: Under Section 148, bailment is the delivery of goods by one person to another for some purpose upon a contract that they shall be returned or disposed of. Under Section 172, a pledge (or pawn) is specifically the bailment of goods as security for payment of a debt or performance of a promise. Note: This is an independent English-language MCQ study adaptation for the OAG Advanced Course examination.

10Under the law of agency in the Myanmar Contract Act 1872, when is a principal bound by the acts of an agent who exceeded actual authority?

A.Never, because an agent can only create legal liability when possessing express written power of attorney

B.When the principal has by words or conduct induced third parties to believe the agent had ostensible (apparent) authority, or subsequently ratifies the act

C.Only when the transaction involves state-owned commodities and is approved by the Ministry of Commerce

D.Exclusively when the third party is a wholly state-owned financial institution

Explanation: Under Sections 196 to 200 and 237 of the Myanmar Contract Act 1872, a principal is bound by unauthorized acts of an agent if the principal's words or conduct created ostensible (apparent) authority leading third parties to reasonably rely on it, or if the principal subsequently ratifies the unauthorized transaction. Note: This is an independent English-language MCQ study adaptation for the OAG Advanced Course examination.

About the OAG Advanced Accounting Course Exam

The OAG Advanced Course in Accounting and Office Proficiency is an assessed in-service civil service course administered by the Office of the Auditor General of the Union in Myanmar. It covers advanced accountancy, auditing, cost accounting, public finance, staff regulations, and financial regulations. The standing official pages do not publish the assessment modality or response language. This bank is an independent English-language MCQ topic-study adaptation, not an official translation, format simulation, or substitute for any required written, oral, practical, or performance work.

Exam sponsor: Office of the Auditor General of the Union (OAG / ပြည်ထောင်စုစာရင်းစစ်ချုပ်ရုံး). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

7 subject assessments: Commercial Law & General Knowledge (ကူးသန်းရောင်း ဝယ်မှုဥပဒေနှင့် အထွေထွေ ဗဟုသုတ), Auditing (စာရင်း စစ်ဆေးခြင်း), Advanced Accountancy (အဆင့်မြင့် စာရင်းကိုင်ပညာ), Cost Accounting (တန်ဖိုးတွက် စာရင်းပညာ), Staff Regulations (ဝန်ထမ်း စည်းမျဉ်း), Financial Regulations (ဘဏ္ဍာရေး စည်းမျဉ်း), and Public Finance & Departmental Accounting (ပြည်သူ့ ဘဏ္ဍာရေးနှင့် ဦးစီးဌာန စာရင်းပညာ).

Time Limit

The standing official pages do not publish a fixed duration

Passing Score

Classified into Above Normal, Normal, and Below Normal performance ratings

Exam / Certification Fees

No separate candidate examination fee is published on the standing official pages.

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.

15% (1 of 7 subjects)

Commercial Law and General Knowledge

Myanmar Companies Law corporate governance, director duties, corporate insolvency principles, Contract Act provisions, and national economic policy.

15% (1 of 7 subjects)

Auditing

Supreme Audit Institution standards (ISSAI / INTOSAI), financial statement audits, performance audits, compliance audits, and public accountability reporting.

15% (1 of 7 subjects)

Advanced Accountancy

Accounting for State Economic Enterprises (SEEs), public sector financial statement consolidation, asset valuation, and financial statement interpretation.

14% (1 of 7 subjects)

Cost Accounting

Standard costing variance analysis, marginal costing decision-making (make-or-buy, pricing), CVP analysis under uncertainty, and performance budgeting.

14% (1 of 7 subjects)

Staff Regulations

Senior civil service administration, delegated administrative powers, disciplinary tribunal procedures, pension rules, and executive ethical standards.

14% (1 of 7 subjects)

Financial Regulations

Union Financial Rules, delegation of financial powers, public procurement guidelines, internal financial control mechanisms, and expenditure audit responses.

13% (1 of 7 subjects)

Public Finance and Departmental Accounting

National budget cycle (formulation, enactment, execution), Medium-Term Fiscal Framework, government debt instruments, and treasury single account operations.

Preparing for the OAG Advanced Accounting Course Exam

What You Need to Know

Passing score: Classified into Above Normal, Normal, and Below Normal performance ratings
Assessment: 7 subject assessments: Commercial Law & General Knowledge (ကူးသန်းရောင်း ဝယ်မှုဥပဒေနှင့် အထွေထွေ ဗဟုသုတ), Auditing (စာရင်း စစ်ဆေးခြင်း), Advanced Accountancy (အဆင့်မြင့် စာရင်းကိုင်ပညာ), Cost Accounting (တန်ဖိုးတွက် စာရင်းပညာ), Staff Regulations (ဝန်ထမ်း စည်းမျဉ်း), Financial Regulations (ဘဏ္ဍာရေး စည်းမျဉ်း), and Public Finance & Departmental Accounting (ပြည်သူ့ ဘဏ္ဍာရေးနှင့် ဦးစီးဌာန စာရင်းပညာ).
Time limit: The standing official pages do not publish a fixed duration
Exam / certification fees: No separate candidate examination fee is published on the standing official pages. Official sources

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OAG Advanced Accounting Course: Suggested Study Strategy

1Review the financial and performance audit principles outlined under ISSAI and Union Auditor General audit manuals.

2Practice standard costing variance formulas for direct materials, direct labor, and overheads.

3Understand the Union budget formulation process, Medium-Term Fiscal Framework, and Treasury Single Account procedures.

4Study the delegation of financial powers and expenditure approval limits under Union Financial Rules.

Frequently Asked Questions

Who conducts the Advanced Training Course in Accounting?

The examination is conducted by the Office of the Auditor General of the Union (OAG / ပြည်ထောင်စုစာရင်းစစ်ချုပ်ရုံး) at its central training facility in Nay Pyi Taw.

Who is eligible to attend the Advanced Course?

Accounts officers (လစာနှုန်း ကျပ် ၁၀၀,၀၀၀-၁၀၀၀-၁၁၀,၀၀၀), other gazetted officers in the civil service, and personnel who have successfully completed the OAG Intermediate Course.

What is the examination passing standard?

Performance across the 7 subjects is evaluated and classified into Above Normal (သာမန်အထက်), Normal (သာမန်), and Below Normal (သာမန်အောက်), with official completion certificates issued to successful participants.

Is this examination affiliated with MAC CPA recognition?

No. This examination is an in-service civil service executive development course run by the Union Auditor General Office for gazetted government officers, not a professional CPA certification.