Free Practice Questions for Tajikistan CAP

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Key Facts: Tajikistan CAP Exam

4 Papers

Exam Structure

CIPAEN

75 / 100

Passing Score per Paper

CIPAEN exam format

4 hrs

Duration per Paper (FA1: 4.5 hrs)

CIPAEN exam format

1 Year

Work Experience Required

CIPAEN qualification requirements

Russian

Exam Language

CIPAEN

100 MCQs

OpenExamPrep Practice Bank

OpenExamPrep adaptation

CAP (Certified Accounting Practitioner) is Level 1 of the CIPA programme run by the CIPA Examination Network, coordinated in Tajikistan by ОИПБА РТ. Candidates must score at least 75 out of 100 on four written papers taken in Russian: Financial Accounting 1, Management Accounting 1, Taxes (Tajikistan) and Law (Tajikistan). Papers last 4 hours closed book, except the 4.5-hour open-book Financial Accounting 1. The certificate also needs one year of relevant experience and membership of a professional organisation. This 100-question bank is an independent English-language MCQ study adaptation by OpenExamPrep, not an official translation or item set.

Sample Tajikistan CAP Practice Questions

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

1Under the IASB Conceptual Framework for Financial Reporting, which two qualitative characteristics are classified as fundamental, making financial information useful to its primary users?

A.Comparability and verifiability

B.Understandability and timeliness

C.Relevance and faithful representation

D.Prudence and historical cost

Explanation: Chapter 2 of the Conceptual Framework names relevance and faithful representation as the two fundamental qualitative characteristics. Information is relevant if it can make a difference to users' decisions (predictive or confirmatory value, with materiality as an entity-specific aspect of relevance), and it is faithfully represented if it is complete, neutral and free from error. Comparability, verifiability, timeliness and understandability only enhance information that already has these two qualities.

2On 1 October 2025, an enterprise in Dushanbe paid 24,000 TJS for a one-year property insurance policy covering 1 October 2025 to 30 September 2026. The payment was recorded in full as Prepaid Insurance (an asset). What adjusting entry is required at 31 December 2025?

A.Debit Insurance Expense 6,000 TJS; credit Prepaid Insurance 6,000 TJS

B.Debit Insurance Expense 24,000 TJS; credit Cash 24,000 TJS

C.Debit Prepaid Insurance 18,000 TJS; credit Insurance Expense 18,000 TJS

D.Debit Insurance Expense 8,000 TJS; credit Prepaid Insurance 8,000 TJS

Explanation: The policy costs 2,000 TJS per month (24,000 TJS / 12). By 31 December 2025, three months (October to December) have expired, so 6,000 TJS is moved from the asset to expense: debit Insurance Expense 6,000 TJS, credit Prepaid Insurance 6,000 TJS. The remaining 18,000 TJS stays as a prepaid asset for the nine months of cover in 2026.

3At year-end on 31 December, an entity owes 4,500 TJS for December electricity. The utility invoice will arrive in mid-January. Under accrual accounting, how should this be recorded on 31 December?

A.No entry until the utility invoice arrives in January

B.Debit Accrued Liabilities 4,500 TJS; credit Cash 4,500 TJS

C.Debit Utilities Expense 4,500 TJS; credit Prepaid Expenses 4,500 TJS

D.Debit Utilities Expense 4,500 TJS; credit Accrued Liabilities 4,500 TJS

Explanation: Under the accrual basis, an expense is recognised in the period in which it is incurred, regardless of when the invoice arrives or cash is paid. December's electricity has already been consumed, so the entity records the expense together with a current liability for the amount owed (an accrued expense).

4At 31 December 2025, an enterprise holds 500 units of finished goods costing 120 TJS each. The estimated selling price is 130 TJS per unit, estimated costs to complete are 15 TJS per unit, and estimated selling costs are 10 TJS per unit. Under IAS 2 Inventories, at what amount should the inventory be reported?

A.60,000 TJS

B.52,500 TJS

C.65,000 TJS

D.57,500 TJS

Explanation: IAS 2 measures inventories at the lower of cost and net realisable value (NRV). NRV = estimated selling price (130 TJS) − costs to complete (15 TJS) − costs to sell (10 TJS) = 105 TJS per unit. Because NRV is below the 120 TJS cost, the inventory is written down: 500 units × 105 TJS = 52,500 TJS.

5In a period of steadily rising purchase prices, which inventory cost formula permitted by IAS 2 gives the lowest cost of goods sold and the highest ending inventory?

A.Weighted average cost

B.LIFO (last-in, first-out)

C.FIFO (first-in, first-out)

D.Specific identification of interchangeable items

Explanation: Under FIFO, the earliest (cheapest) units are treated as sold first, so cost of goods sold is lowest and the units left in inventory carry the latest, higher prices. IAS 2 permits FIFO and weighted average cost for interchangeable items; LIFO is not permitted.

6A trading firm in Khujand had 100 units in inventory on 1 March at 50 TJS each. On 10 March it bought 200 units at 65 TJS each; on 15 March it sold 180 units; on 22 March it bought 100 units at 70 TJS each. Using the periodic weighted average cost method, what is the value of the 220 units in ending inventory at 31 March?

A.14,800 TJS

B.13,750 TJS

C.14,200 TJS

D.15,400 TJS

Explanation: Under the periodic weighted average method, goods available for sale = (100 × 50) + (200 × 65) + (100 × 70) = 5,000 + 13,000 + 7,000 = 25,000 TJS for 400 units. Average cost = 25,000 / 400 = 62.50 TJS per unit. Ending inventory = 220 × 62.50 = 13,750 TJS.

7Under IAS 2, which of the following costs must be included in the cost of inventory?

A.Abnormal amounts of wasted materials and labour

B.General administrative overheads

C.Selling and advertising costs for the finished goods

D.Non-refundable import duties on purchased merchandise

Explanation: IAS 2 (paragraphs 10–11) includes in inventory all costs of purchase, costs of conversion and other costs of bringing the inventories to their present location and condition. Costs of purchase include the purchase price, import duties and other taxes not recoverable from the tax authorities, transport and handling, less trade discounts. Paragraph 16 excludes abnormal waste, administrative overheads that do not contribute to location and condition, and selling costs; these are expensed.

8An enterprise bought an industrial packaging machine. The invoice price was 180,000 TJS less a 5,000 TJS trade discount. It also paid 12,000 TJS of non-refundable customs duties, 6,000 TJS for delivery and transit insurance, 8,000 TJS for site preparation and installation, 4,000 TJS for testing the machine, and 7,000 TJS for training the operators. Under IAS 16, what is the initial cost of the machine?

A.205,000 TJS

B.212,000 TJS

C.193,000 TJS

D.210,000 TJS

Explanation: IAS 16 (paragraphs 16–17) capitalises the purchase price net of trade discounts (175,000 TJS), non-refundable import duties (12,000 TJS) and directly attributable costs: delivery (6,000 TJS), site preparation and installation (8,000 TJS) and testing whether the asset works properly (4,000 TJS). Total = 205,000 TJS. Staff training costs are expensed (IAS 16.19).

9A company bought a delivery truck for 150,000 TJS on 1 January 2024. Its estimated useful life is 5 years and its residual value is 15,000 TJS. Using straight-line depreciation, what is the truck's carrying amount at 31 December 2025?

A.90,000 TJS

B.96,000 TJS

C.123,000 TJS

D.81,000 TJS

Explanation: Annual depreciation = (cost − residual value) / useful life = (150,000 − 15,000) / 5 = 27,000 TJS. After two full years (2024 and 2025), accumulated depreciation is 54,000 TJS, so the carrying amount is 150,000 − 54,000 = 96,000 TJS.

10On 1 January 2024, a manufacturer bought equipment for 80,000 TJS with a useful life of 4 years and a residual value of 8,000 TJS. It uses the double-declining-balance method. What is the depreciation charge for the year ended 31 December 2025?

A.40,000 TJS

B.18,000 TJS

C.15,000 TJS

D.20,000 TJS

Explanation: The straight-line rate (1/4 = 25%) is doubled to 50% and applied to the opening carrying amount without first deducting residual value; residual value only acts as a floor below which the asset is not depreciated. 2024: 50% × 80,000 = 40,000 TJS. 2025: 50% × 40,000 = 20,000 TJS.

About the Tajikistan CAP Exam

The Certified Accounting Practitioner (CAP / Сертифицированный бухгалтер-практик) is Level 1 of the CIPA programme, a Russian-language, two-level international certification for accountants run by the CIPA Examination Network (CIPAEN). In Tajikistan, exams are coordinated by the Public Institute of Professional Accountants and Auditors (ОИПБА РТ). Candidates must score at least 75 out of 100 on four written papers: Financial Accounting 1, Management Accounting 1, Taxes and Law. Financial Accounting 1 and Management Accounting 1 are common to all participating countries, while Taxes and Law are set on Tajik legislation, including the Tax Code No. 1844 of 2021 and the 2022 Civil Code. The certificate also requires one year of relevant experience and membership of a professional organisation. This practice test is an independent English-language MCQ study adaptation by OpenExamPrep; it is not an official translation, an official item set, or a simulation of the written exam.

Exam sponsor: CIPA Examination Network (CIPAEN / Экзаменационная сеть CIPA); coordinated in Tajikistan by ОИПБА РТ (Public Institute of Professional Accountants and Auditors of the Republic of Tajikistan). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

4 written papers (Financial Accounting 1, Management Accounting 1, Taxes, Law), each marked out of 100 with a 75-point pass mark. Financial Accounting 1 runs 4.5 hours open book as a single situational task; the other three run 4 hours closed book and mix situational tasks with four-option MCQs.

Time Limit

4 hours (240 minutes) per paper; 4.5 hours for Financial Accounting 1

Passing Score

75 points out of 100 on each examination paper

Exam / Certification Fees

Not published for Tajikistan; candidates obtain current fees from the ОИПБА РТ exam coordinator when registering

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.

25%

Financial Accounting 1

IFRS-based financial accounting: the Conceptual Framework and qualitative characteristics, adjusting entries, trial balance and closing entries, revenue under IFRS 15, inventories (IAS 2), property, plant and equipment (IAS 16), intangible assets (IAS 38), impairment (IAS 36), receivables and expected credit losses, provisions (IAS 37), errors (IAS 8), events after the reporting period (IAS 10) and cash flow statements (IAS 7).

25%

Management Accounting 1

Cost classification and behaviour, the high-low method, cost-volume-profit and break-even analysis, margin of safety and operating leverage, absorption versus variable costing, overhead absorption, job-order and process costing, budgeting, standard costing variances and relevant costing for special orders.

25%

Tajikistan Taxation

Tax Code of the Republic of Tajikistan No. 1844 of 23 December 2021 (in force from 1 January 2022, as amended): national and local taxes; income tax of legal entities at 18% (20% for credit-financial organisations and mobile companies; the 13% goods-production rate ended on 31 December 2025); deductions and limits; straight-line tax depreciation; 3-year loss carry-forward; VAT at 14% for 2024-2026 (13% from 2027), reduced and zero rates, the 1.0 million TJS registration threshold and input VAT offset; personal income tax at 12% on main-job wages; social tax (20% employer, 2% employee); 12% dividend withholding; the 6% simplified regime; and filing deadlines.

25%

Tajikistan Business Law

Civil Code of the Republic of Tajikistan (No. 1918 of 24 December 2022, in force since 1 July 2023): legal entities, contracts, penalties, pledge and guarantees, force majeure, limitation periods, liquidation and bankruptcy; the Law on Limited Liability Companies (No. 53 of 2002); the Law on Joint-Stock Companies (No. 237 of 2007); and the Labour Code (No. 1329 of 2016): employment contracts, probation, working time, leave, overtime, dismissal and material liability.

Preparing for the Tajikistan CAP Exam

What You Need to Know

Passing score: 75 points out of 100 on each examination paper
Assessment: 4 written papers (Financial Accounting 1, Management Accounting 1, Taxes, Law), each marked out of 100 with a 75-point pass mark. Financial Accounting 1 runs 4.5 hours open book as a single situational task; the other three run 4 hours closed book and mix situational tasks with four-option MCQs.
Time limit: 4 hours (240 minutes) per paper; 4.5 hours for Financial Accounting 1
Exam / certification fees: Not published for Tajikistan; candidates obtain current fees from the ОИПБА РТ exam coordinator when registering Official sources

Using Our Practice Resources

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Tajikistan CAP: Suggested Study Strategy

1For Financial Accounting 1, practise the full task of turning a trial balance plus unrecorded transactions into a statement of comprehensive income and a statement of financial position.

2Under IAS 2, measure inventory at the lower of cost and net realisable value; LIFO is not permitted.

3In Management Accounting 1, learn the core CVP relationships: unit contribution margin = selling price - unit variable cost; break-even units = fixed costs / unit contribution margin.

4Know that absorption costing carries fixed manufacturing overhead in inventory, while variable costing expenses it in the period.

5Under Article 183 of the Tax Code, legal entities pay income tax at 18%, or 20% for credit-financial organisations and mobile companies; the 13% goods-production rate applied only until 31 December 2025.

6The standard VAT rate is 14% for 2024-2026 and 13% from 2027 (Article 397), and a person becomes a VAT payer when income over up to 12 months exceeds 1.0 million TJS (Article 245).

7On wages, personal income tax is 12% after a personal deduction of two calculation indicators a month; social tax is 20% for the employer and 2% for the employee (Article 332).

8The simplified regime for small businesses charges 6% of gross income (Article 380) while gross income for the last 12 months stays within 1 million TJS.

9Under Article 8 of the LLC Law (No. 53), an LLC may have no more than 30 participants; under Article 63 of the JSC Law, a board of directors is mandatory with more than 50 shareholders.

10In the Labour Code, normal working time is 40 hours a week, probation may not exceed 3 months, annual leave is at least 24 calendar days, and redundancy requires two months' notice and severance of at least three average monthly salaries.

Frequently Asked Questions

What is the CAP qualification in Tajikistan?

The Certified Accounting Practitioner (CAP / Сертифицированный бухгалтер-практик) is the first level of the CIPA programme run by the CIPA Examination Network. In Tajikistan, exams are coordinated by ОИПБА РТ. It certifies competence in financial accounting, management accounting, national taxation and business law.

Which examinations are required for the CAP certificate in Tajikistan?

Candidates must pass four written papers: Financial Accounting 1, Management Accounting 1, Taxes and Law. Each paper is marked out of 100, and the pass mark is 75 points. In Tajikistan the Taxes and Law papers are based on Tajik legislation.

What are the eligibility and experience requirements for CAP?

No higher education is required for the CAP level. Besides passing the four papers, candidates need at least one year of relevant work experience, basic IT competence as the professional association requires, and membership of a professional organisation such as ОИПБА РТ.

What is the official exam format and language?

The papers are written exams taken in person in Russian. All are closed book except Financial Accounting 1, which is open book. OpenExamPrep's questions are an independent English-language MCQ study adaptation, not an official translation or a simulation of the written exam.

How does CAP relate to CIPA?

CAP is Level 1 of the CIPA programme. Holders can progress to Level 2, the CIPA (Certified International Professional Accountant) certificate, by passing Financial Accounting 2, Management Accounting 2, Financial Management, Audit and a Management Information Systems test, and by meeting higher-education and three-year experience requirements.

When are exam sessions held and how do candidates register?

Level 1 papers are offered three times a year. The 2026 sessions are 13-16 March, 26-29 June and 13-16 November. Registration packages for Tajikistan are obtained from the ОИПБА РТ coordinator listed on the CIPAEN website.