Kazakhstan CAP study plan

Map the structure of IFRS (IASB conceptual framework, IAS/IFRS standards) and classify each standard by topic (recognition, measurement, presentation, disclosure).

Apply IAS 1 presentation rules to draft a statement of financial position, statement of profit or loss and OCI, and statement of changes in equity from a trial balance.

Compute revenue recognition under IFRS 15 for multi-element contracts, including allocation of transaction price and timing of recognition.

Prepare adjusting entries for accruals, prepayments, depreciation, and impairment under IAS 36, and explain the effect on financial statements.

Apply IFRS 9 classification and measurement of financial assets (amortised cost, FVOCI, FVTPL) and compute expected credit losses.

Account for leases under IFRS 16 from both lessee and lessor perspectives, including initial measurement and subsequent remeasurement.

Prepare consolidated financial statements under IFRS 10, including elimination of intragroup transactions and non-controlling interest calculation.

Explain the requirements of IAS 12 income taxes, including deferred tax assets and liabilities, and compute deferred tax on temporary differences.

Analyse a set of financial statements using ratio analysis (liquidity, solvency, profitability, efficiency) and interpret the results.

Apply IAS 7 to prepare a statement of cash flows using both direct and indirect methods.

Distinguish between job costing, process costing, and activity-based costing, and compute product costs under each method.

Calculate and interpret variances for direct materials, direct labour, and overhead (price, usage, efficiency, volume) and explain possible causes.

Apply cost-volume-profit (CVP) analysis to compute break-even point, margin of safety, and target profit, including multi-product scenarios.

Evaluate capital investment decisions using NPV, IRR, payback, and discounted payback, and discuss strengths and limitations of each method.

Explain the audit process under ISAs: planning, risk assessment, materiality, and audit evidence, and design audit procedures for key assertions.

Distinguish between tests of controls and substantive procedures, and evaluate audit findings to form an opinion.

Apply ISA 700 series to draft an auditor's report with unmodified and modified opinions, including key audit matters.

Explain the ethical requirements and independence rules relevant to audit engagements under the IESBA Code.

Outline the structure of the Kazakhstan tax system: corporate income tax, VAT, personal income tax, and social tax, including rates and filing deadlines.

Compute corporate income tax and VAT liabilities for a sample company, applying deductions, exemptions, and VAT offset rules.

Apply transfer pricing rules and thin capitalisation rules in Kazakhstan to a cross-border transaction scenario.

Explain the legal framework for business entities in Kazakhstan: types of legal forms, incorporation, governance, and shareholder rights.

Summarise corporate governance principles (OECD principles, Kazakhstan Corporate Governance Code) and evaluate board responsibilities and committees.

Analyse a case involving breach of fiduciary duty and recommend remedial actions under Kazakhstan company law.

Calculate the cost of capital (WACC) and apply it to investment appraisal and capital budgeting decisions.

Evaluate working capital management strategies and compute the cash conversion cycle.

Apply the IESBA Code of Ethics to resolve ethical dilemmas, including threats and safeguards, and whistleblowing.

Analyse a case study involving ethical conflict and recommend a course of action consistent with the code.

Explain the role of information systems and controls in financial reporting, including ERP systems and cybersecurity risks.

Apply data analytics techniques (spreadsheet functions, data visualisation) to interpret financial data and detect anomalies.

Evaluate the impact of digital transformation on accounting processes and the accountant's role.

Review all domains through a timed mock exam and identify weak areas for final revision.