PART 1 THEORY

Ⅰ Financial Accounting
1.
Fundamentals of Accounting 8
2.
Accounting Cycle 12
3.
Financial Accounting Conceptual Framework 15
4.
Current Assets 22
5.
Non-current assets 39
6.
Debt 60
7.
Capital 68
8.
Revenue and Expenses 77
9.
Accounting Changes and Error Corrections 86

Ⅱ Cost Accounting
1.
Overview of Cost Accounting 92
2.
Manufacturing Cost Flow 101
3.
Cost Allocation 108
4.
Costing by Sector: Allocation of Auxiliary Department Costs 110
5.
Combined Costing 116
6.
Individual Cost Calculation 118
7.
Comprehensive Cost Accounting 124

Ⅲ Value Added Tax
1.
Basic Concepts of Value Added Tax 136
2.
Taxable Transaction 145
3.
Supply of ancillary goods or services 151
4.
Transaction time (=supply time) 152
5.
Value Added Tax Rates, Small Business Rates, and Exemptions 155
6.
Tax base and sales tax amount 161
7.
Transaction Collection and Tax Invoice 166
8.
Calculating Purchase Tax Deductions and Tax Payments 173
9.
Reporting, Payment, and Refund 183
10.
Simplified taxpayer 185

Ⅳ Income tax
1.
Basic Income Tax Concepts 188
2.
Types of income subject to comprehensive income tax 198
3.
Taxation of Earned Income 211
4.
Taxation of Business Income 217
5.
Comprehensive Income Deduction 228
6.
Comprehensive income tax calculation amount 234
7.
Income Tax Reporting and Payment 242

PART 2 Practical

1.
Overview of the Level 2 Computerized Tax Accounting Practical Exam 248
2.
Mastering Financial Accounting Skills 250
3.
Mastering Value-Added Tax Practical Skills 300
4.
Mastering Withholding Tax Practical Skills 349

PART 3 Past Exam Questions

Problem section
1.
Problem 396 of the 116th
2.
Problem 410 of the 115th
3.
Problem 423 of the 114th
4.
Problem 437 of the 113th

Commentary
1.
116th Answer 450
2.
115th Answer 463
3.
114th Answer 474
4.
113th Answer 488