ICAN Professional Case Study study plan

Map every IFRS/IAS standard listed in the ICAN financial reporting syllabus to a one-page summary sheet, flagging the five you understand least

Reconstruct consolidation workings from a blank page for a two-tier group with one subsidiary acquired mid-year, including goodwill and non-controlling interest

Solve 12 computation drills on revenue recognition, leases and financial instruments under IFRS 15, IFRS 16 and IFRS 9, recording each error type in an error log

Draft a 10-line audit-reporting decision tree distinguishing modified opinions, key audit matters and going-concern paragraphs

Work through two full past-style consolidation case studies under a 90-minute timer and mark them against the marking guide

Build a reconciliation template that converts a trial balance into IFRS-compliant financial statements with notes

Practise writing a 200-word analytical note to a board explaining a material variance between draft and audited figures

Identify and correct at least five presentation and disclosure errors in a set of draft financial statements

Construct a governance map for a listed entity showing board committees, their mandates and reporting lines to shareholders

Apply a recognised risk framework to a case scenario and classify ten identified risks by likelihood, impact and mitigation owner

Evaluate three strategic options in a case using both quantitative and qualitative criteria, then justify a recommendation

Summarise the duties of directors and the role of the audit committee in a one-page reference card

Analyse a case for ethical threats using the threats-and-safeguards framework and propose safeguards for each threat

Draft a professional code-of-conduct memo addressing conflicts of interest, confidentiality and whistleblowing

Resolve four regulatory-compliance scenarios by citing the applicable ICAN ethical pronouncements and independence rules

Debate the tension between commercial pressure and professional scepticism in a written argument of 300 words

Compute weighted average cost of capital from given data and interpret the sensitivity of the result to each input

Build a discounted cash flow valuation for a case company and perform a sensitivity table on discount rate and terminal growth

Evaluate financing choices (debt, equity, hybrid) against a case's capital structure and covenant constraints

Prepare a working-capital and treasury policy note covering liquidity, FX exposure and hedging instruments

Compute chargeable income and tax liability for a corporate case, applying capital allowances and loss relief correctly

Compare the tax consequences of three transaction structures and recommend the most tax-efficient route with reasoning

Explain transfer pricing, thin capitalisation and withholding tax rules as they apply to a cross-border case

Draft a tax-planning memo that distinguishes legitimate planning from avoidance and flags disclosure obligations

Complete two full integrated case studies under exam conditions, allocating time strictly per the marks available

Practise extracting the decisive facts from a long case narrative and structuring an answer around the requirement verbs

Write executive summaries of 150 words that lead with the recommendation and quantify the impact

Review the error log from weeks 1 to 6 and re-solve the five most frequently missed question types

Sit two full-length mock exams under strict timing and mark them against the published marking criteria

Consolidate all eight weeks of notes into a single revision sheet of no more than ten pages

Drill weak areas identified in the mocks until each reaches at least 60% accuracy

Rehearse a 5-minute verbal presentation of a case recommendation to simulate the communication requirement