Level 1

• BUSINESS & CORPORATE LAW (PAPER 1.3)
• BUSINESS MANAGEMENT & INFORMATION SYSTEMS (PAPER 1.2)
• FINANCIAL ACCOUNTING (PAPER 1.1)
• INTRODUCTION TO MANAGEMENT ACCOUNTING (PAPER 1.4)

Level 2

• AUDIT & ASSURANCE (PAPER 2.3)
• PRINCIPLES OF TAXATION (PAPER 2.6)
• FINANCIAL MANAGEMENT (PAPER 2.4)
• FINANCIAL REPORTING (PAPER 2.1)
• MANAGEMENT ACCOUNTING (PAPER 2.2)
• PUBLIC SECTOR ACCOUNTING & FINANCE (PAPER 2.5)

Level 3

• ADVANCED AUDIT & ASSURANCE (PAPER 3.2)
• STRATEGIC CASE STUDY (PAPER 3.4)
• CORPORATE REPORTING (PAPER 3.1)
• ADVANCED TAXATION PAPER (PAPER 3.3)

NOTE TO READERS

The proposed answers are thorough approaches to the questions and are based on the entire range of marks available. They are not responses that candidates may reasonably expect to submit within the time constraints. The offered solutions should not be viewed as the only viable option.

Any offered solution’s analysis, assumptions, conclusions, and suggestions may represent only one of many alternative ways. Furthermore, the offered solutions’ organization, language, and structure do not reflect the only appropriate style.

 Atswa Past Questions & Solutions (March 2021)

Level 1

• BUSINESS & CORPORATE LAW (PAPER 1.3)
• BUSINESS MANAGEMENT & INFORMATION SYSTEMS (PAPER 1.2)
• FINANCIAL ACCOUNTING (PAPER 1.1)
• INTRODUCTION TO MANAGEMENT ACCOUNTING (PAPER 1.4)

Level 2

• AUDIT & ASSURANCE (PAPER 2.3)
• PRINCIPLES OF TAXATION (PAPER 2.6)
• FINANCIAL MANAGEMENT (PAPER 2.4)
• FINANCIAL REPORTING (PAPER 2.1)
• MANAGEMENT ACCOUNTING (PAPER 2.2)
• PUBLIC SECTOR ACCOUNTING & FINANCE (PAPER 2.5)

Level 3

• ADVANCED AUDIT & ASSURANCE (PAPER 3.2)
• STRATEGIC CASE STUDY (PAPER 3.4)
• CORPORATE REPORTING (PAPER 3.1)
• ADVANCED TAXATION PAPER (PAPER 3.3)

NOTE TO READERS

The proposed answers are thorough approaches to the questions and are based on the entire range of marks available. They are not responses that candidates may reasonably expect to submit within the time constraints. The offered solutions should not be viewed as the only viable option.

Any offered solution’s analysis, assumptions, conclusions, and suggestions may represent only one of many alternative ways. Furthermore, the offered solutions’ organization, language, and structure do not reflect the only appropriate style.

Level 1

• BUSINESS & CORPORATE LAW (PAPER 1.3)
• BUSINESS MANAGEMENT & INFORMATION SYSTEMS (PAPER 1.2)
• FINANCIAL ACCOUNTING (PAPER 1.1)
• INTRODUCTION TO MANAGEMENT ACCOUNTING (PAPER 1.4)

Level 2

• AUDIT & ASSURANCE (PAPER 2.3)
• PRINCIPLES OF TAXATION (PAPER 2.6)
• FINANCIAL MANAGEMENT (PAPER 2.4)
• FINANCIAL REPORTING (PAPER 2.1)
• MANAGEMENT ACCOUNTING (PAPER 2.2)
• PUBLIC SECTOR ACCOUNTING & FINANCE (PAPER 2.5)

Level 3

• ADVANCED AUDIT & ASSURANCE (PAPER 3.2)
• STRATEGIC CASE STUDY (PAPER 3.4)
• CORPORATE REPORTING (PAPER 3.1)
• ADVANCED TAXATION PAPER (PAPER 3.3)

NOTE TO READERS

The proposed answers are thorough approaches to the questions and are based on the entire range of marks available. They are not responses that candidates may reasonably expect to submit within the time constraints. The offered solutions should not be viewed as the only viable option.

Any offered solution’s analysis, assumptions, conclusions, and suggestions may represent only one of many alternative ways. Furthermore, the offered solutions’ organization, language, and structure do not reflect the only appropriate style.

Level 1

• BUSINESS & CORPORATE LAW (PAPER 1.3)
• BUSINESS MANAGEMENT & INFORMATION SYSTEMS (PAPER 1.2)
• FINANCIAL ACCOUNTING (PAPER 1.1)
• INTRODUCTION TO MANAGEMENT ACCOUNTING (PAPER 1.4)

Level 2

• AUDIT & ASSURANCE (PAPER 2.3)
• PRINCIPLES OF TAXATION (PAPER 2.6)
• FINANCIAL MANAGEMENT (PAPER 2.4)
• FINANCIAL REPORTING (PAPER 2.1)
• MANAGEMENT ACCOUNTING (PAPER 2.2)
• PUBLIC SECTOR ACCOUNTING & FINANCE (PAPER 2.5)

Level 3

• ADVANCED AUDIT & ASSURANCE (PAPER 3.2)
• STRATEGIC CASE STUDY (PAPER 3.4)
• CORPORATE REPORTING (PAPER 3.1)
• ADVANCED TAXATION PAPER (PAPER 3.3)

NOTE TO READERS

The proposed answers are thorough approaches to the questions and are based on the entire range of marks available. They are not responses that candidates may reasonably expect to submit within the time constraints. The offered solutions should not be viewed as the only viable option.

Any offered solution’s analysis, assumptions, conclusions, and suggestions may represent only one of many alternative ways. Furthermore, the offered solutions’ organization, language, and structure do not reflect the only appropriate style.

Level 1

• BUSINESS & CORPORATE LAW (PAPER 1.3)
• BUSINESS MANAGEMENT & INFORMATION SYSTEMS (PAPER 1.2)
• FINANCIAL ACCOUNTING (PAPER 1.1)
• QUANTITATIVE TOOLS IN BUSINESS (PAPER 1.4)

Level 2

• AUDIT & ASSURANCE (PAPER 2.3)
• CORPORATE STRATEGY, ETHICS & GOVERNANCE (PAPER 2.6)
• FINANCIAL MANAGEMENT (PAPER 2.4)
• FINANCIAL REPORTING (PAPER 2.1)
• MANAGEMENT ACCOUNTING (PAPER 2.2)
• PUBLIC SECTOR ACCOUNTING & FINANCE (PAPER 2.5)

Level 3

• ADVANCED AUDIT & ASSURANCE (PAPER 3.2)
• ADVANCED FINANCIAL MANAGEMENT (PAPER 3.3)
• CORPORATE REPORTING (PAPER 3.1)
• TAXATION & FISCAL POLICY (PAPER 3.4)

NOTE TO READERS

The proposed answers are thorough approaches to the questions and are based on the entire range of marks available. They are not responses that candidates may reasonably expect to submit within the time constraints. The offered solutions should not be viewed as the only viable option.

Any offered solution’s analysis, assumptions, conclusions, and suggestions may represent only one of many alternative ways. Furthermore, the offered solutions’ organization, language, and structure do not reflect the only appropriate style.

Level 1

• BUSINESS & CORPORATE LAW (PAPER 1.3)
• BUSINESS MANAGEMENT & INFORMATION SYSTEMS (PAPER 1.2)
• FINANCIAL ACCOUNTING (PAPER 1.1)
• QUANTITATIVE TOOLS IN BUSINESS (PAPER 1.4)

Level 2

• AUDIT & ASSURANCE (PAPER 2.3)
• CORPORATE STRATEGY, ETHICS & GOVERNANCE (PAPER 2.6)
• FINANCIAL MANAGEMENT (PAPER 2.4)
• FINANCIAL REPORTING (PAPER 2.1)
• MANAGEMENT ACCOUNTING (PAPER 2.2)
• PUBLIC SECTOR ACCOUNTING & FINANCE (PAPER 2.5)

Level 3

• ADVANCED AUDIT & ASSURANCE (PAPER 3.2)
• ADVANCED FINANCIAL MANAGEMENT (PAPER 3.3)
• CORPORATE REPORTING (PAPER 3.1)
• TAXATION & FISCAL POLICY (PAPER 3.4)

NOTE TO READERS

The proposed answers are thorough approaches to the questions and are based on the entire range of marks available. They are not responses that candidates may reasonably expect to submit within the time constraints. The offered solutions should not be viewed as the only viable option.

Any offered solution’s analysis, assumptions, conclusions, and suggestions may represent only one of many alternative ways. Furthermore, the offered solutions’ organization, language, and structure do not reflect the only appropriate style.

Level 1

• BUSINESS & CORPORATE LAW (PAPER 1.3)
• BUSINESS MANAGEMENT & INFORMATION SYSTEMS (PAPER 1.2)
• FINANCIAL ACCOUNTING (PAPER 1.1)
• QUANTITATIVE TOOLS IN BUSINESS (PAPER 1.4)

Level 2

• AUDIT & ASSURANCE (PAPER 2.3)
• CORPORATE STRATEGY, ETHICS & GOVERNANCE (PAPER 2.6)
• FINANCIAL MANAGEMENT (PAPER 2.4)
• FINANCIAL REPORTING (PAPER 2.1)
• MANAGEMENT ACCOUNTING (PAPER 2.2)
• PUBLIC SECTOR ACCOUNTING & FINANCE (PAPER 2.5)

Level 3

• ADVANCED AUDIT & ASSURANCE (PAPER 3.2)
• ADVANCED FINANCIAL MANAGEMENT (PAPER 3.3)
• CORPORATE REPORTING (PAPER 3.1)
• TAXATION & FISCAL POLICY (PAPER 3.4)

NOTE TO READERS

The proposed answers are thorough approaches to the questions and are based on the entire range of marks available. They are not responses that candidates may reasonably expect to submit within the time constraints. The offered solutions should not be viewed as the only viable option.

Any offered solution’s analysis, assumptions, conclusions, and suggestions may represent only one of many alternative ways. Furthermore, the offered solutions’ organization, language, and structure do not reflect the only appropriate style.

Level 1

• BUSINESS & CORPORATE LAW (PAPER 1.3)
• BUSINESS MANAGEMENT & INFORMATION SYSTEMS (PAPER 1.2)
• FINANCIAL ACCOUNTING (PAPER 1.1)
• QUANTITATIVE TOOLS IN BUSINESS (PAPER 1.4)

Level 2

• AUDIT & ASSURANCE (PAPER 2.3)
• CORPORATE STRATEGY, ETHICS & GOVERNANCE (PAPER 2.6)
• FINANCIAL MANAGEMENT (PAPER 2.4)
• FINANCIAL REPORTING (PAPER 2.1)
• MANAGEMENT ACCOUNTING (PAPER 2.2)
• PUBLIC SECTOR ACCOUNTING & FINANCE (PAPER 2.5)

Level 3

• ADVANCED AUDIT & ASSURANCE (PAPER 3.2)
• ADVANCED FINANCIAL MANAGEMENT (PAPER 3.3)
• CORPORATE REPORTING (PAPER 3.1)
• TAXATION & FISCAL POLICY (PAPER 3.4)

NOTE TO READERS

The proposed answers are thorough approaches to the questions and are based on the entire range of marks available. They are not responses that candidates may reasonably expect to submit within the time constraints. The offered solutions should not be viewed as the only viable option.

Any offered solution’s analysis, assumptions, conclusions, and suggestions may represent only one of many alternative ways. Furthermore, the offered solutions’ organization, language, and structure do not reflect the only appropriate style.

Level 1

• BUSINESS & CORPORATE LAW (PAPER 1.3)
• BUSINESS MANAGEMENT & INFORMATION SYSTEMS (PAPER 1.2)
• FINANCIAL ACCOUNTING (PAPER 1.1)
• QUANTITATIVE TOOLS IN BUSINESS (PAPER 1.4)

Level 2

• AUDIT & ASSURANCE (PAPER 2.3)
• CORPORATE STRATEGY, ETHICS & GOVERNANCE (PAPER 2.6)
• FINANCIAL MANAGEMENT (PAPER 2.4)
• FINANCIAL REPORTING (PAPER 2.1)
• MANAGEMENT ACCOUNTING (PAPER 2.2)
• PUBLIC SECTOR ACCOUNTING & FINANCE (PAPER 2.5)

Level 3

• ADVANCED AUDIT & ASSURANCE (PAPER 3.2)
• ADVANCED FINANCIAL MANAGEMENT (PAPER 3.3)
• CORPORATE REPORTING (PAPER 3.1)
• TAXATION & FISCAL POLICY (PAPER 3.4)

NOTE TO READERS

The proposed answers are thorough approaches to the questions and are based on the entire range of marks available. They are not responses that candidates may reasonably expect to submit within the time constraints. The offered solutions should not be viewed as the only viable option.

Any offered solution’s analysis, assumptions, conclusions, and suggestions may represent only one of many alternative ways. Furthermore, the offered solutions’ organization, language, and structure do not reflect the only appropriate style.

Level 1

• BUSINESS & CORPORATE LAW (PAPER 1.3)
• BUSINESS MANAGEMENT & INFORMATION SYSTEMS (PAPER 1.2)
• FINANCIAL ACCOUNTING (PAPER 1.1)
• QUANTITATIVE TOOLS IN BUSINESS (PAPER 1.4)

Level 2

• AUDIT & ASSURANCE (PAPER 2.3)
• CORPORATE STRATEGY, ETHICS & GOVERNANCE (PAPER 2.6)
• FINANCIAL MANAGEMENT (PAPER 2.4)
• FINANCIAL REPORTING (PAPER 2.1)
• MANAGEMENT ACCOUNTING (PAPER 2.2)
• PUBLIC SECTOR ACCOUNTING & FINANCE (PAPER 2.5)

Level 3

• ADVANCED AUDIT & ASSURANCE (PAPER 3.2)
• ADVANCED FINANCIAL MANAGEMENT (PAPER 3.3)
• CORPORATE REPORTING (PAPER 3.1)
• TAXATION & FISCAL POLICY (PAPER 3.4)

NOTE TO READERS

The proposed answers are thorough approaches to the questions and are based on the entire range of marks available. They are not responses that candidates may reasonably expect to submit within the time constraints. The offered solutions should not be viewed as the only viable option.

Any offered solution’s analysis, assumptions, conclusions, and suggestions may represent only one of many alternative ways. Furthermore, the offered solutions’ organization, language, and structure do not reflect the only appropriate style.

Level 1

• BUSINESS & CORPORATE LAW (PAPER 1.3)
• BUSINESS MANAGEMENT & INFORMATION SYSTEMS (PAPER 1.2)
• FINANCIAL ACCOUNTING (PAPER 1.1)
• QUANTITATIVE TOOLS IN BUSINESS (PAPER 1.4)

Level 2

• AUDIT & ASSURANCE (PAPER 2.3)
• CORPORATE STRATEGY, ETHICS & GOVERNANCE (PAPER 2.6)
• FINANCIAL MANAGEMENT (PAPER 2.4)
• FINANCIAL REPORTING (PAPER 2.1)
• MANAGEMENT ACCOUNTING (PAPER 2.2)
• PUBLIC SECTOR ACCOUNTING & FINANCE (PAPER 2.5)

Level 3

• ADVANCED AUDIT & ASSURANCE (PAPER 3.2)
• ADVANCED FINANCIAL MANAGEMENT (PAPER 3.3)
• CORPORATE REPORTING (PAPER 3.1)
• TAXATION & FISCAL POLICY (PAPER 3.4)

NOTE TO READERS

The proposed answers are thorough approaches to the questions and are based on the entire range of marks available. They are not responses that candidates may reasonably expect to submit within the time constraints. The offered solutions should not be viewed as the only viable option.

Any offered solution’s analysis, assumptions, conclusions, and suggestions may represent only one of many alternative ways. Furthermore, the offered solutions’ organization, language, and structure do not reflect the only appropriate style.

Level 1

• BUSINESS & CORPORATE LAW (PAPER 1.3)
• BUSINESS MANAGEMENT & INFORMATION SYSTEMS (PAPER 1.2)
• FINANCIAL ACCOUNTING (PAPER 1.1)
• QUANTITATIVE TOOLS IN BUSINESS (PAPER 1.4)

Level 2

• AUDIT & ASSURANCE (PAPER 2.3)
• CORPORATE STRATEGY, ETHICS & GOVERNANCE (PAPER 2.6)
• FINANCIAL MANAGEMENT (PAPER 2.4)
• FINANCIAL REPORTING (PAPER 2.1)
• MANAGEMENT ACCOUNTING (PAPER 2.2)
• PUBLIC SECTOR ACCOUNTING & FINANCE (PAPER 2.5)

Level 3

• ADVANCED AUDIT & ASSURANCE (PAPER 3.2)
• ADVANCED FINANCIAL MANAGEMENT (PAPER 3.3)
• CORPORATE REPORTING (PAPER 3.1)
• TAXATION & FISCAL POLICY (PAPER 3.4)

NOTE TO READERS

The proposed answers are thorough approaches to the questions and are based on the entire range of marks available. They are not responses that candidates may reasonably expect to submit within the time constraints. The offered solutions should not be viewed as the only viable option.

Any offered solution’s analysis, assumptions, conclusions, and suggestions may represent only one of many alternative ways. Furthermore, the offered solutions’ organization, language, and structure do not reflect the only appropriate style.

Part One (1)

Part Two (2)

Part Three (3)

Part Four (4)