CA ANZ Core 5 study plan

Map every financial reporting topic listed in the syllabus to a one-line note on the applicable standard or framework (for example AASB/IFRS equivalents for revenue, leases, and consolidation) so no topic is left unassigned

Rehearse the five-step revenue recognition model by applying it to three short scenarios and writing the journal entries for each

Build a one-page formula and concept sheet covering inventory cost flow, depreciation, impairment reversal rules, and deferred tax basics

Complete 25 mixed multiple-choice questions on financial reporting and log every error with the reason it was wrong

Work through two full consolidation mini-cases calculating goodwill, non-controlling interest, and intra-group eliminations by hand

Explain in writing the difference between a change in accounting policy, a change in estimate, and an error, with the treatment for each

Draft concise answer templates for common financial reporting calculations so working time is spent computing rather than formatting

Sit a timed 30-question quiz on financial reporting and score it honestly

Compute cost-volume-profit breakeven, margin of safety, and target profit for four varied scenarios, including one with a sales mix

Prepare a flexible budget versus actual variance analysis and split each variance into price and quantity components

Evaluate a capital investment using net present value, internal rate of return, payback, and discounted payback, then justify which metric should drive the decision

Summarise working capital and treasury concepts such as cash conversion cycle and hedging instruments in a half-page reference note

Sequence the audit process from engagement acceptance to the audit report and list the key documentation produced at each stage

Apply the audit risk model to three client scenarios, identifying inherent, control, and detection risk factors

Distinguish the five audit opinion types and write the circumstances that trigger each

Answer 20 scenario-based questions on professional scepticism, materiality, and independence

Build a decision table for entity tax residency, source of income, and assessable versus exempt income, tested against four fact patterns

Calculate taxable income and tax payable for one individual and one company case, including capital gains and allowable deductions

Explain the treatment of GST, fringe benefits, and tax losses in short written answers of no more than 100 words each

Review the error log from weeks 1 to 4 and re-attempt every missed question type

Analyse one listed company's annual report to identify its strategy, governance structure, and principal risks, then critique the alignment between them

Apply a risk management framework to a hypothetical business, ranking risks by likelihood and consequence and proposing two controls per high risk

Summarise the core directors' duties and the consequences of breach in a one-page brief with a worked ethical dilemma

Answer 15 short-answer questions on governance, ethics, and business law principles

Describe how data analytics and information systems support financial reporting controls and audit evidence, using three concrete examples

Review the week 1 and week 4 deliverables and refresh the weakest three topics with targeted practice

Complete 40 mixed questions drawn across all eight domains to test retention and identify gaps

Rank the remaining weak areas by exam weighting multiplied by your error rate to prioritise the final week

Close every item on the week 7 gap list with focused practice and a written summary of what was learned

Sit two full-length timed mock exams under exam conditions and mark them strictly

Review each mock error and write the rule or concept that would have prevented it

Rehearse the formula sheets and templates so they can be reproduced from memory within ten minutes