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Explore More Mozambique OCAM Professional Accounting and Auditing Admission Examinations (Ordem dos Contabilistas e Auditores de Moçambique)

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Exame de Admissão ao Colégio dos Auditores Certificados — OCAM (Mozambique)

Practice Questions
Exam Review

Key Facts: OCAM Contabilistas Exam

25 + 25

Multiple-choice questions in Parte I and Parte II of the official exam

OCAM Sebenta dos Exames (exam instructions)

2 h + 2 h

Duration of each of the two exam parts

OCAM Sebenta dos Exames (exam instructions)

0.4 valores

Value of each question on the 0–20 scale

OCAM Sebenta dos Exames (exam instructions)

> 50%

Classification required to pass the admission exam

Resolução n.º 15/GB/2017, Article 59

6.000 MT

Exam fee in OCAM's 2025 and 2026 exam notices

OCAM Comissão de Admissão e Qualificação notices

3 years

Professional internship required for registration in either college

Resolução n.º 15/GB/2017, Article 9

OCAM's admission exam for the Colégio dos Contabilistas Certificados has two parts of 25 multiple-choice questions, 2 hours each, worth 0.4 valores per question; candidates need a classification above 50%. Registration also requires a three-year internship. These independent English questions help candidates study the tested areas in the official handbook.

Sample OCAM Contabilistas Practice Questions

Try these sample questions to review concepts for the OCAM Contabilistas exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 109+ question experience with AI tutoring.

1Under NCRF 13 (Activos tangíveis) of Mozambique's PGC-NIRF, which of the following costs is included in the initial cost of an item of property, plant and equipment?
A.Initial operating losses incurred while demand for the facility output builds up
B.Costs of site preparation, delivery, installation, and assembly directly required to bring the asset to its working condition
C.Costs of opening a new facility and inaugurating operations
D.Administration and other general overhead costs incurred during the acquisition period
Explanation: NCRF 13 (paragraphs 12–13) includes in cost the purchase price plus any costs directly attributable to bringing the asset to the location and condition needed for it to operate as management intends. Its listed examples include site preparation, initial delivery and handling, and installation and assembly costs. The same rule appears in IAS 16.
2Empresa Marracuene Lda purchased industrial machinery on 1 January 2024 for 1,200,000 MT with an estimated useful life of 5 years and an estimated residual value of 200,000 MT. Using the straight-line method, what is the carrying amount of the machine at 31 December 2025?
A.600,000 MT
B.800,000 MT
C.720,000 MT
D.1,000,000 MT
Explanation: Depreciable amount is acquisition cost minus residual value: 1,200,000 MT - 200,000 MT = 1,000,000 MT. Annual depreciation is 1,000,000 MT / 5 years = 200,000 MT per year. Over two years (2024 and 2025), accumulated depreciation is 400,000 MT. The carrying amount at 31 December 2025 is 1,200,000 MT - 400,000 MT = 800,000 MT.
3Under IAS 36, when must an entity test an intangible asset with an indefinite useful life for impairment?
A.Only when the entity experiences negative operating cash flows for two consecutive years
B.Every five years as part of the statutory revaluation cycle
C.Only when there is an indication of impairment at the reporting date
D.Annually, irrespective of whether there is any indication of impairment, and whenever there is an indication that it may be impaired
Explanation: IAS 36 requires an intangible asset with an indefinite useful life (which is not amortized) to be tested for impairment annually, whether or not there is any indication of impairment, and also whenever there is an indication that it may be impaired.
4Under IAS 2, inventories must be measured at the lower of:
A.Historical cost and net realizable value
B.Standard manufacturing cost and gross realizable value
C.LIFO cost and estimated retail market price
D.Replacement cost and fair value less costs of disposal
Explanation: IAS 2 requires inventories to be measured at the lower of cost and net realizable value (NRV). Cost comprises purchase costs, conversion costs and other costs of bringing inventories to their present location and condition; NRV is the estimated selling price in the ordinary course of business less the estimated costs of completion and the costs necessary to make the sale.
5An entity holds 1,000 units of finished goods produced at a cost of 450 MT per unit. Due to market changes, the estimated selling price is 420 MT per unit, and marketing and delivery costs to make the sale will be 30 MT per unit. Under IAS 2, what write-down must be recognized in profit or loss?
A.30,000 MT
B.60,000 MT
C.50,000 MT
D.0 MT
Explanation: Net realizable value (NRV) per unit is estimated selling price (420 MT) minus estimated selling costs (30 MT) = 390 MT. Since cost is 450 MT and NRV is 390 MT, each unit must be written down by 450 MT - 390 MT = 60 MT. For 1,000 units, the total impairment write-down is 60,000 MT.
6Under IAS 37, a provision must be recognized when which three conditions are satisfied?
A.Management expects a downturn in future profits, the loss is foreseeable, and general reserves are insufficient
B.An entity has a present obligation from a past event, an outflow of economic benefits is probable, and a reliable estimate can be made
C.An entity has a future possible commitment, an outflow of cash is certain, and the board has approved the allocation
D.A present obligation exists, an outflow of resources is possible but not probable, and the amount can be measured reliably
Explanation: IAS 37 requires a provision to be recognized only when (1) the entity has a present legal or constructive obligation as a result of a past event; (2) it is probable (more likely than not) that an outflow of resources embodying economic benefits will be required to settle it; and (3) a reliable estimate of the amount can be made.
7Under IAS 37, how should a contingent liability whose outflow is possible but not probable be treated in the financial statements?
A.Completely ignored without disclosure or recognition
B.Transferred directly to accumulated retained earnings as an equity deduction
C.Recognized as a liability and an expense on the face of the balance sheet and income statement
D.Disclosed in the notes to the financial statements, unless the possibility of an outflow of resources is remote
Explanation: IAS 37 does not allow contingent liabilities to be recognized. An entity discloses a contingent liability in the notes (nature and, where practicable, an estimate of its financial effect) unless the possibility of an outflow of resources is remote.
8Under IFRS 15, what is the five-step model for recognizing revenue from contracts with customers?
A.Identify contract, identify performance obligations, determine transaction price, allocate transaction price, recognize revenue when performance obligations are satisfied
B.Draft proposal, sign contract, estimate cost of completion, assess gross margin, record revenue on cash receipt
C.Record order, debit accounts receivable, credit unearned revenue, recognize sales tax, adjust for discounts
D.Issue invoice, receive deposit, ship goods, verify receipt, record gross profit
Explanation: IFRS 15 sets out five steps: (1) identify the contract with the customer; (2) identify the performance obligations; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations; and (5) recognize revenue when (or as) each performance obligation is satisfied.
9A Mozambican construction firm signs a contract to build a commercial warehouse for 10,000,000 MT over two years, with total estimated contract costs of 7,000,000 MT. In Year 1, costs incurred that reflect progress toward completion are 3,500,000 MT. Using an input (cost-to-cost) method to measure progress under IFRS 15, how much revenue is recognized in Year 1?
A.3,500,000 MT
B.5,000,000 MT
C.7,000,000 MT
D.10,000,000 MT
Explanation: Progress measured by the cost-to-cost input method is 3,500,000 MT ÷ 7,000,000 MT = 50%. Revenue recognized in Year 1 is 50% × 10,000,000 MT = 5,000,000 MT.
10Under IFRS 16, how must a lessee account for a lease of equipment that would previously have been classified as an operating lease (assuming the short-term and low-value exemptions do not apply)?
A.Debit prepaid rent and credit bank without recognizing any long-term financial obligation
B.Expense lease payments on a straight-line basis over the lease term with off-balance sheet disclosure only
C.Recognize a right-of-use asset and a corresponding lease liability on the balance sheet at lease commencement
D.Record an intangible asset equal to total undiscounted future cash outflows with no interest calculation
Explanation: IFRS 16 removed the lessee's distinction between operating and finance leases. At commencement the lessee recognizes a right-of-use asset and a lease liability measured at the present value of the lease payments, except where it elects the exemptions for short-term leases (12 months or less) or leases of low-value assets.

About the OCAM Contabilistas Exam

Independent OCAM Contabilistas Certificados practice by OpenExamPrep for Mozambique's admission exam to the Colégio dos Contabilistas Certificados, held under Lei n.º 8/2012 and Resolução n.º 15/GB/2017. Questions cover financial accounting under PGC-NIRF and IFRS, Mozambican IRPC, IRPS, IVA and ISPC as amended from 1 January 2026, cost and management accounting, the 2022 Commercial Code, audit and internal control, economics and financial mathematics, and professional ethics. The official exam is in Portuguese; this bank is an English-language MCQ study adaptation, not an official translation or format simulation.

Exam sponsor: Ordem dos Contabilistas e Auditores de Moçambique (OCAM) — Comissão de Admissão e Qualificação do Colégio dos Contabilistas Certificados. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Parte I (25 questions, 2 hours) is built around an integrated company case covering financial accounting under PGC-NIRF, IRPC, IVA and other taxes, commercial law, ethics and cost accounting. Parte II (25 questions, 2 hours) covers audit and internal control, information systems, economics, management accounting, financial management and financial mathematics. Only a calculator may be used.

Time Limit

4 hours in total (two parts of 2 hours each)

Passing Score

A classification above 50% (Article 59, Resolução n.º 15/GB/2017), on a 0–20 valores scale

Exam / Certification Fees

6.000,00 MT

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.

About 27% of this bank

Contabilidade Financeira e Relato (PGC-NIRF e IFRS)

Mozambique's accounting system (SCE: PGC-NIRF and PGC-PE under Decreto n.º 70/2009) and IAS/IFRS topics: tangible and intangible assets, inventories, provisions, revenue, leases, financial instruments, income taxes, groups and financial statement presentation.

About 22% of this bank

Fiscalidade (IRPC, IRPS, IVA, ISPC e Lei Geral Tributária)

Taxable profit adjustments, rates and withholding under the Código do IRPC, IRPS categories and liberatory rates, IVA rates, exemptions, deductions and returns, the ISPC regime after the 2026 reform, payment deadlines and the Lei Geral Tributária.

About 14% of this bank

Contabilidade de Custos e de Gestão

Cost classification, absorption and variable costing, cost-volume-profit and break-even analysis, relevant costing, activity-based costing, budgeting and variances, and performance measures.

About 13% of this bank

Direito Comercial e das Sociedades (Código Comercial de 2022)

Company types, legal reserves, profit distribution, loss of half the share capital, general meetings, management and supervisory bodies, administrators' duties and liability, suprimentos and mandatory books under Decreto-Lei n.º 1/2022.

About 9% of this bank

Auditoria, Controlo Interno e Sistemas de Informação

Components of internal control, audit risk, assertions, audit evidence and confirmations, analytical procedures, going concern, audit opinions, fraud responsibilities and information security controls.

About 8% of this bank

Ética e Deontologia Profissional

IESBA fundamental principles, integrity, confidentiality and conflicts of interest, OCAM rules on replacing a colleague and leaving a client, continuing professional development, the disciplinary role of the Conselho Jurisdicional and the protected professional title.

About 7% of this bank

Economia, Gestão Financeira e Matemática Financeira

Public goods, supply and macroeconomic policy, foreign exchange risk, gearing, the cash conversion cycle, simple interest and effective interest rates.

Preparing for the OCAM Contabilistas Exam

What You Need to Know

  • Passing score: A classification above 50% (Article 59, Resolução n.º 15/GB/2017), on a 0–20 valores scale
  • Assessment: Parte I (25 questions, 2 hours) is built around an integrated company case covering financial accounting under PGC-NIRF, IRPC, IVA and other taxes, commercial law, ethics and cost accounting. Parte II (25 questions, 2 hours) covers audit and internal control, information systems, economics, management accounting, financial management and financial mathematics. Only a calculator may be used.
  • Time limit: 4 hours in total (two parts of 2 hours each)
  • Exam / certification fees: 6.000,00 MT Official sources

Using Our Practice Resources

  • Work through all 109 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

OCAM Contabilistas: Suggested Study Strategy

1Work through the past papers and answer keys in OCAM's Sebenta dos Exames; Parte I questions follow one company case, so practise applying accounting, tax and company law to the same facts.
2Learn the structure of Mozambique's SCE (PGC-NIRF for large and medium companies, PGC-PE for small companies) and practise journal entries and measurement under the NCRF standards and IFRS.
3Update your tax notes for 2026: Leis n.º 9/2025 to 12/2025 changed the ISPC rates and ceiling, IVA refund and digital-service rules, and IRPC and IRPS capital-gains taxation.
4Study the 2022 Commercial Code (Decreto-Lei n.º 1/2022), including legal reserves, loss of half the capital, general meeting deadlines and supervisory bodies.
5Prepare for Parte II by revising audit and internal control, basic economics, cost and management accounting, and financial mathematics with a non-programmable calculator.

Frequently Asked Questions

What is the format of the OCAM Contabilistas Certificados admission exam?

The exam has two parts, Parte I and Parte II, each with 25 four-option multiple-choice questions and a time limit of 2 hours. Each question is worth 0.4 valores, so the paper is scored out of 20 valores. Parte I is built around an integrated company case; Parte II covers audit, economics, management accounting and financial mathematics.

What score is needed to pass?

Article 59 of OCAM's Regulamento de Admissão, Estágio e Exame (Resolução n.º 15/GB/2017) requires a classification above 50%. Candidates who fail may re-register for a new sitting, subject to the regulation's time limits and payment of the fee.

What can candidates use during the exam?

Article 56 of the regulation states that the exam is taken without consultation, and only a calculator may be used. Programmable electronic devices and annotated legislation are not allowed.

How much does the exam cost?

OCAM's 2025 and 2026 exam notices set the exam fee (taxa de exame) at 6.000,00 MT. Check the current notice for payment instructions and deadlines.

Who can take the exam, and what else is needed to become a Contabilista Certificado?

Candidates need a higher-education diploma and must pre-register on OCAM's SIGEM portal and submit the documents listed in the exam notice. Registration as a Contabilista Certificado also requires completing a three-year professional internship (estágio) under a patrono.

Does this bank reflect the 2026 Mozambican tax changes?

Yes. Tax questions reflect the IRPC, IRPS, IVA and ISPC codes as amended by Leis n.º 9/2025 to 12/2025, in force from 1 January 2026, such as the new progressive ISPC rates.

Is this practice bank an official simulation of the OCAM exam?

No. It is independent practice by OpenExamPrep. The official exam is in Portuguese; this bank is an English-language MCQ study adaptation, not an official translation or format simulation. Portuguese legal terms and acronyms such as PGC-NIRF, IRPC, IRPS, IVA and ISPC are kept so candidates can recognize them.