Intermediate Accounts (IM 01) MATSEC

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Intermediate Accounts Syllabus 2010

Introduction

One 3 hour paper is set. Candidates will be expected to demonstrate a sound knowledge of basic accounting, appropriate for an understanding of the areas covered by the subject contents.

The paper examines Financial Accounting topics and Cost and Management Accounting topics. The paper shall consist of 3 sections: Section A, Section B, and Section C.

Section A consists of one question on Financial Accounting. This question carries 30% of the marks and is compulsory.

In Section B three questions on Financial Accounting topics are set, out of which candidates are required to answer any two questions. This section carries 40% of the marks.

In Section C three questions on Cost and Management Accounting topics are set, out of which candidates are required to answer any two questions. This section carries 30% of the marks.

Approximately 25% of the marks of any question will be allotted to essay-type questions. Questions of an entirely essay-type nature will not be set.

Noiseless and non-programmable calculators will be permitted. Candidates are advised to show workings.

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