Free Practice Questions for CECCAR Chartered Accountant Entry Exam

Exam-style questions and explanations by OpenExamPrep.

✓ No registration✓ No credit card

100+ Questions

100% Free

Loading practice questions...

Exam Review

Key Facts: CECCAR Chartered Accountant Entry Exam Exam

7 disciplines

Tested subjects across two written papers

CECCAR Access Regulation

6.00 / 10

Minimum grade per discipline (7.00 general average required)

CECCAR Access Regulation

900 RON

Registration fee for the Expert Contabil examination

CECCAR 2026 Examination Notice

The 2026 CECCAR Expert Contabil access examination has two three-hour written papers covering seven disciplines. Passing requires at least 6.00 in each discipline and a general average of 7.00. The standard registration fee is 900 RON.

Sample CECCAR Chartered Accountant Entry Exam Practice Questions

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

1Under Romanian accounting regulations (OMFP No. 1802/2014), which fundamental accounting principle states that items must be recognized and presented in accordance with their economic reality and substance, rather than merely their legal form?

A.Principiul continuității activității (Going concern)

B.Principiul intangibilității bilanțului de deschidere

C.Principiul permanenței metodelor (Consistency)

D.Principiul prevalenței economicului asupra juridicului (Substance over form)

Explanation: Substance over form requires accounting to reflect the economic substance of transactions, alongside their legal form. For example, the economic rights and obligations of a finance lease matter when deciding how to recognize it. A contract's title alone does not settle its accounting treatment.

2A Romanian company commissions equipment costing 100,000 RON, excluding recoverable VAT, on July 1, 2025. Its useful life is five years. Under OMFP 1802/2014, using straight-line depreciation on the full cost from the month following commissioning, what depreciation is recorded for 2025, rounded to the nearest RON?

A.8,333 RON

B.20,000 RON

C.25,000 RON

D.50,000 RON

Explanation: Annual depreciation is 100,000 / 5 = 20,000 RON. Depreciation starts in August, so five months are charged: 20,000 × 5/12 = 8,333.33 RON. Rounded to the nearest RON, the expense is 8,333 RON.

3Under OMFP No. 1802/2014, how must an upward revaluation surplus of tangible assets (surplusul din reevaluare) be recognized in the accounts upon initial revaluation?

A.Directly as operating revenue in the Profit and Loss Account (Contul 758)

B.As a deduction against accounts payable

C.Directly in equity as Revaluation Reserves (Contul 105), assuming no previous decrease recognized in profit or loss

D.As deferred revenue in current liabilities (Contul 472)

Explanation: Under OMFP 1802/2014, if an asset's carrying amount is increased as a result of revaluation, the increase is credited directly to equity under the heading 'Revaluation reserves' (account 105). It cannot be recognized as profit in the income statement unless it reverses a previous revaluation decrease recognized as an expense.

4A trading company starts March with an opening inventory of 100 units at 50 RON/unit (total 5,000 RON). On March 10, it purchases 200 units at 60 RON/unit (total 12,000 RON). On March 18, it sells 150 units. If the company uses the First-In, First-Out (FIFO) method, what is the cost of goods sold (COGS) for the 150 units sold?

A.7,500 RON

B.8,000 RON

C.8,500 RON

D.9,000 RON

Explanation: Under FIFO, the oldest units are discharged first: 100 units from opening inventory at 50 RON = 5,000 RON, plus 50 units from the March 10 purchase at 60 RON = 3,000 RON. Total COGS = 5,000 RON + 3,000 RON = 8,000 RON.

5Opening inventory is 100 units at 50 RON. After purchasing 200 units at 60 RON, the entity sells 150 units. What is ending inventory under Weighted Average Cost (CMP — Costul Mediu Ponderat), using the unrounded average cost calculated after the purchase?

A.7,500 RON

B.8,500 RON

C.9,000 RON

D.10,000 RON

Explanation: Total available cost is 100 × 50 + 200 × 60 = 17,000 RON for 300 units. The unrounded average is 17,000/300 RON per unit, approximately 56.67 RON. Ending inventory is 150 × (17,000/300) = 8,500 RON; rounding the unit cost first would introduce a small error.

6Under OMFP No. 1802/2014, when should an entity recognize a 'Provision for risks and charges' (Provizion pentru riscuri și cheltuieli - Contul 151)?

A.Whenever management anticipates a general downturn in future market conditions

B.Only when a final court verdict has been delivered and bank accounts are seized

C.When the entity wishes to reduce its accounting profit to minimize taxable income

D.When the entity has a present legal or constructive obligation arising from past events, it is probable that an outflow of resources will be required to settle it, and a reliable estimate can be made

Explanation: OMFP 1802/2014 requires a present legal or constructive obligation from a past event, a probable resource outflow and a reliable estimate. All three conditions must be met. A forecast operating loss alone does not create a present obligation.

7Under Romanian Company Law (Law No. 31/1990) and OMFP No. 1802/2014, what is the mandatory annual statutory deduction from gross accounting profit for establishing the 'Legal Reserve' (Rezerva legală - Contul 1061)?

A.16% of operating income

B.Exactly 10% of net profit each year until reaching 50% of total assets

C.A voluntary amount decided annually by the chief accountant without limit

D.At least 5% of gross profit each year until the legal reserve reaches at least 20% of share capital

Explanation: Article 183 of Law No. 31/1990 requires at least 5% of annual profit to form the legal reserve until it reaches at least one-fifth of share capital. The separate Fiscal Code deduction has its own adjusted-profit base and subscribed-and-paid-up-capital limit; the two rules should not be conflated.

8A Romanian corporate income taxpayer has subscribed and fully paid-up capital of 100,000 RON and an existing legal reserve of 18,500 RON. The relevant adjusted profit base for the Fiscal Code's 5% reserve deduction is 100,000 RON. What is the maximum deductible addition this year under Article 26?

A.5,000 RON

B.1,500 RON

C.20,000 RON

D.0 RON

Explanation: The deduction is limited to 5% of the relevant adjusted profit base and the amount needed to reach one-fifth of subscribed and paid-up capital. Remaining capacity is 100,000 × 20% − 18,500 = 1,500 RON, below the 5,000 RON annual limit. This limits deductibility rather than prohibiting larger reserves.

9Under OMFP No. 1802/2014, how are expenditures in the research phase of an internally generated project treated?

A.Capitalized permanently as intangible assets under account 203

B.Recorded in equity as a revaluation reserve

C.Recognized as operating expenses in the profit and loss account of the period in which they are incurred

D.Recorded in current liabilities as a deferred revenue

Explanation: Under OMFP 1802/2014 (and IAS 38), research costs (or the research phase of an internal project) must always be recognized as an expense when incurred. Only development expenditures meeting strict commercial and technical feasibility criteria may be capitalized as development assets (Contul 203).

10A company sells merchandise on credit for 119,000 RON, including the then-applicable 19% VAT, on July 15, 2025. The cost of goods sold is 70,000 RON. What entry records the revenue and receivable, separately from inventory expense?

A.Debit 4111 'Clienți' 119,000 RON = Credit 707 'Venituri din vânzarea mărfurilor' 100,000 RON and Credit 4427 'TVA colectată' 19,000 RON

B.Debit 707 100,000 RON and Debit 4427 19,000 RON = Credit 4111 119,000 RON

C.Debit 5121 'Conturi la bănci' 119,000 RON = Credit 707 119,000 RON

D.Debit 4111 119,000 RON = Credit 707 119,000 RON without VAT

Explanation: For the July 15, 2025 transaction, revenue is RON 100,000 and output VAT at the then-applicable 19% is RON 19,000. The receivable is therefore debited RON 119,000, with credits to 707 and 4427 respectively. The historical date matters because the standard VAT rate became 21% on August 1, 2025.

About the CECCAR Chartered Accountant Entry Exam Exam

Independent English-language MCQ practice for the CECCAR Examen de acces la stagiu — expert contabil. Study Romanian accounting, taxation, company law, audit, valuation, accounting expertise and ethics. This is not an official translation, format simulation, or substitute for written problem-solving, case analysis, or the subsequent professional internship.

Exam sponsor: Corpul Experților Contabili și Contabililor Autorizați din România (CECCAR). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Day one: Accounting, Taxation and Law. Day two: Economic and Financial Valuation, Audit, Accounting Expertise, and Doctrine and Deontology. Each written paper lasts three hours. Passing requires at least 6.00 in every discipline and a general average of at least 7.00. No oral component is specified for this access exam.

Time Limit

3 hours per paper; two papers, 6 hours total

Passing Score

Minimum grade 6.00 / 10 in each discipline and general average at least 7.00

Exam / Certification Fees

900 RON for Expert Contabil category (2026 schedule)

Exam sponsor website

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

Official sources

CECCAR — Examen de acces la stagiu · Source checked 2026-10-10Official national portal with session announcements, registration forms, and regulations.
CECCAR — November 19–20, 2026 access session and programme links · Source checked 2026-10-10Official seven-discipline scope, two-paper timetable, passing requirements and fee exceptions. Practice percentages below are editorial allocations, not published exam weights. A complete official delivery-language list was not confirmed from the reviewed notices; confirm language arrangements with CECCAR.
OG nr. 65/1994 privind organizarea activității de expertiză contabilă · Source checked 2026-10-10Foundational organic statute governing the certified accountant and chartered accountant profession in Romania.
Legea nr. 227/2015 privind Codul fiscal · Source checked 2026-10-10Romanian Fiscal Code covering corporate profit tax, microenterprise tax, and VAT.

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.

22 practice questions

Financial and Managerial Accounting

OMFP 1802/2014, IFRS principles, balance sheet, profit and loss, inventory costing, depreciation, provisions, and equity.

18 practice questions

Taxation and Fiscal Law

Romanian Fiscal Code (Law 227/2015): corporate income tax (16%), microenterprise tax, VAT regimes, reverse charge, and payroll taxes.

14 practice questions

Business and Civil Law

Law 31/1990 on commercial companies (SRL, SA), corporate governance, administrator duties, shareholder rights, and Civil Code contracts.

14 practice questions

Financial Audit and Internal Control

Audit principles, risk assessment, internal controls, audit sampling, auditor reporting, and statutory vs contractual auditing.

12 practice questions

Economic and Financial Valuation

Business valuation methods: Net Asset Value (ANC/ANCc), Discounted Cash Flow (DCF), market multiples, WACC, and goodwill.

10 practice questions

Accounting Expertise

CECCAR Professional Standard 35: judicial and extrajudicial accounting expertise, court appointments, objectives, and report structure.

10 practice questions

Professional Doctrine and Deontology

OG 65/1994, CECCAR organizational structure, National Code of Ethics: integrity, objectivity, competence, confidentiality, and professional independence.

Preparing for the CECCAR Chartered Accountant Entry Exam Exam

What You Need to Know

Passing score: Minimum grade 6.00 / 10 in each discipline and general average at least 7.00
Assessment: Day one: Accounting, Taxation and Law. Day two: Economic and Financial Valuation, Audit, Accounting Expertise, and Doctrine and Deontology. Each written paper lasts three hours. Passing requires at least 6.00 in every discipline and a general average of at least 7.00. No oral component is specified for this access exam.
Time limit: 3 hours per paper; two papers, 6 hours total
Exam / certification fees: 900 RON for Expert Contabil category (2026 schedule) 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

CECCAR Chartered Accountant Entry Exam: Suggested Study Strategy

1Master the accounting regulations under OMFP 1802/2014, particularly revenue recognition, lease accounting, impairment of assets, and provision criteria.

2Practice corporate income tax calculations under the Fiscal Code (Law 227/2015), paying close attention to non-deductible items, protocol expenses, and tax loss carryforwards.

3Understand the statutory framework of Law 31/1990 regarding the differences between limited liability companies (SRL) and joint-stock companies (SA).

4Familiarize yourself with CECCAR Professional Standard 35 for structuring forensic and judicial accounting reports (Capitolele I, II, III).

Frequently Asked Questions

What is the CECCAR Examen de acces la stagiu?

It is CECCAR's national entry examination for the internship leading to expert contabil qualification. The usual route requires economics higher education, the access examination, professional internship and a later aptitude examination. OG 65/1994 provides for a one-to-three-year internship under CECCAR rules and recognition arrangements for eligible master's programmes.

What disciplines are tested on the examination?

The examination tests 7 disciplines: Accounting (Contabilitate), Taxation (Fiscalitate), Law (Drept), Auditing (Audit), Business Valuation (Evaluare economică și financiară), Professional Ethics & Doctrine (Doctrină și deontologie), and Accounting Expertise (Expertiză contabilă).

What is the passing score requirement?

Candidates must achieve at least grade 6.00 out of 10 in each of the seven disciplines and a general average of at least 7.00. A paper-level average alone is insufficient.

Is this practice bank affiliated with CECCAR?

No. This practice bank is an independent English-language educational resource developed by OpenExamPrep. It is designed to assist candidates with core concepts, standards, and computational drills, but is not an official CECCAR publication.