ICAM Technician case studies

ICAM Technician · Put your knowledge to work in context.

The Technician Diploma in Accounting is a qualification offered by the Institute of Chartered Accountants in Malawi (ICAM), listed on ICAM's official site alongside the CIFA Certificate in Financial Accounting Qualification and the CA (M) route. It sits on ICAM's student pathway, so it is aimed at people building a career in accounting who want a recognised, institute-awarded credential at technician level before, or instead of, progressing to the full chartered qualification. The ICAM Technician case studies are 5 cases and about 2,773 words.

Bank Reconciliation With Unrecorded Items and a Double-Entered Cheque

Katete Traders prepares its accounts to 31 March. At 31 March 2025 the cash book showed a debit balance of MWK 4,286,500 while the bank statement showed a balance of MWK 4,144,000.

585 words, about 3 min 2

Inventory Write-Down Where a Post-Year-End Order Is Cancelled

Chikondi Hardware closes its accounts on 31 December. The inventory count at 31 December 2024 showed cost of MWK 12,400,000.

555 words, about 3 min 3

Capital or Revenue: Van Refrigeration, Overhaul and Repairs

Nsanje Foods bought a second-hand delivery van on 1 July 2024 for MWK 8,500,000. During the year it spent: MWK 1,200,000 on a refrigeration unit fitted to the van so that it can carry frozen products; MWK 450,000 on an engine overhaul completed on 1 September 2024 that extends the van's useful life by two years; MWK 180,000 replacing a windscreen broken in an accident; MWK 90,000 on the annual service; and MWK 350,000 painting the company logo on the van.

527 words, about 3 min 4

Suspense Account: Which Errors Affect It and How to Clear It

Mzuzu Retailers extracted its trial balance at 31 December 2024 and found that total credits exceeded total debits by MWK 438,000. A suspense account was opened with that debit balance.

602 words, about 3 min 5

Payroll Accruals, Statutory Deductions and a Board-Approved Bonus

Zomba Manufacturing has a December 2024 gross payroll of MWK 48,000,000. The deductions are PAYE of MWK 9,600,000, employee pension contributions of 5% of gross, and staff loan repayments of MWK 1,200,000.

504 words, about 3 min