CIPA Kazakhstan study plan
CIPA Kazakhstan · Give each week a clear focus.
8 weeks · About 8 hours per week
Financial Accounting and Reporting
Map the IFRS versus local GAAP differences tested in Domain 1 by building a one-page comparison table covering at least 8 standards (IFRS 15, 16, 9, IAS 2, 16, 36, 37, 19).
Solve 30 multiple-choice questions on revenue recognition and leases, recording the reasoning for each wrong answer.
Prepare journal entries for a sale with variable consideration and a lessee initial recognition under IFRS 16 from scratch.
Draft a 10-line summary of the conceptual framework's recognition and measurement criteria.
Your checkpoint
A 2-page cheat sheet of IFRS/local GAAP differences plus a scored 30-question quiz log (score and error taxonomy).
Financial Accounting and Reporting
Compute consolidated financial statements for a simple parent-subsidiary case, including goodwill and non-controlling interest.
Explain the treatment of financial instruments (IFRS 9) by classifying 10 given instruments into amortized cost, FVOCI, or FVTPL with justification.
Reconstruct a statement of cash flows from a trial balance and income statement.
Identify and correct 5 common errors in published financial statements (e.g., inventory cutoff, depreciation, provisions).
Your checkpoint
A completed consolidation worksheet and cash flow statement for a practice case, with a 1-page error-correction memo.
Management Accounting
Calculate cost of goods sold and ending inventory under absorption and variable costing and reconcile the profit difference.
Prepare a flexible budget and compute direct material and direct labor variances (price, quantity, rate, efficiency).
Apply cost-volume-profit analysis to determine break-even point, margin of safety, and target profit for a multi-product scenario.
Evaluate a make-or-buy decision using relevant costing and identify sunk costs.
Your checkpoint
A 3-page variance analysis report with calculations and a recommendation memo for a make-or-buy case.
Management Accounting & Finance and Financial Management
Build a capital budgeting model (NPV, IRR, payback) for a 5-year project and interpret the results.
Compute the weighted average cost of capital (WACC) using given capital structure and cost components.
Explain the impact of inflation and taxation on investment appraisal.
Compare activity-based costing with traditional costing for a service company and quantify the difference.
Your checkpoint
An Excel capital budgeting model with NPV/IRR/payback and a 1-page WACC calculation summary.
Audit and Assurance
Outline the audit planning process, including risk assessment and materiality determination, for a given entity.
Design audit procedures (tests of controls and substantive tests) for revenue and receivables.
Evaluate ethical threats (self-interest, self-review, advocacy) in three audit scenarios and recommend safeguards.
Explain the auditor's responsibilities regarding fraud and going concern.
Your checkpoint
A 4-page audit plan for a mock client, including risk matrix, materiality calculation, and planned procedures.
Taxation & Business Law and Ethics
Compute corporate income tax, VAT, and personal income tax liabilities for given scenarios under Kazakh tax law.
Identify the key compliance deadlines and filing requirements for CIT, VAT, and payroll taxes.
Summarize the main business law provisions on contracts, agency, and insolvency relevant to accountants.
Apply the IESBA code of ethics to resolve a conflict-of-interest case.
Your checkpoint
A tax calculation workbook with three scenarios and a 1-page ethics case analysis.
Information Technology and Information Systems & Professional Practice and Communication
Evaluate IT general controls and application controls in a financial reporting system.
Describe data analytics techniques used in audit and their limitations.
Draft a professional email to a client requesting missing information for an audit, using clear and courteous language.
Prepare a 5-minute oral presentation summarizing a complex accounting issue for non-financial managers.
Your checkpoint
A 2-page IT controls checklist and a recorded 5-minute presentation with self-assessment.
Financial Accounting and Reporting & Management Accounting & Audit and Assurance & Taxation & Business Law and Ethics & Finance and Financial Management & Information Technology and Information Systems & Professional Practice and Communication
Complete a full-length mock exam under timed conditions and score it by domain.
Review all incorrect answers and update personal notes for each domain.
Revisit the weakest two domains based on mock exam results and solve 20 targeted questions each.
Finalize a one-page summary sheet per domain for last-minute revision.
Your checkpoint
Mock exam score report with a domain-wise analysis and a set of 8 one-page revision sheets.
Milestones
Week 1: Score at least 70% on the 30-question IFRS quiz and submit the cheat sheet to a study partner for feedback.
Week 2: Correctly complete the consolidation and cash flow case with no more than two errors, verified against a solution.
Week 3: Achieve 75% or higher on a 20-question management accounting quiz covering variances and CVP.
Week 4: Submit the capital budgeting model and WACC summary; ensure NPV and IRR calculations are error-free.
Week 5: Pass a peer review of the audit plan using a provided rubric with at least 80% of criteria met.
Week 6: Score 70% or higher on a 25-question tax and law quiz; ethics case analysis accepted by study group.
Week 7: Complete the IT controls checklist and deliver the presentation within 5 minutes, rated satisfactory by a peer.
Week 8: Score 75% or higher on the mock exam overall and at least 65% in each domain.