ICAN CAP-II study plan

Map the IFRS/IAS standards examinable under Financial Accounting and Reporting into a one-page checklist you can tick off

Prepare and present, from scratch, a consolidated statement of financial position and statement of profit or loss for a parent with one subsidiary, including fair value adjustments and goodwill

Compute and explain the treatment of non-controlling interest under both the proportionate and full goodwill methods

Solve 15 past-style computational questions on revenue recognition (IFRS 15 five-step model) and lease accounting (IFRS 16) under timed conditions

Work through financial instruments (IFRS 9) classification, impairment under the expected credit loss model, and convert three worked examples into your own notes

Draft a full set of financial statements with notes from a trial balance, including deferred tax, provisions, and events after the reporting period

Analyse three published annual reports and identify how each applies IAS 1 presentation and IAS 8 accounting policy disclosure requirements

Complete a 25-question mixed-format mock on Financial Accounting and Reporting and record every wrong answer with its root cause

Summarise the ISA requirements for audit planning, materiality, and risk assessment into a decision flowchart you can redraw from memory

Design an audit response programme for a revenue-recognition fraud risk, specifying assertions, procedures, and evidence expected

Evaluate the auditor's reporting responsibilities under ISA 700 and ISA 701, and draft modified opinions for three given scenarios

Explain the ethical threats and safeguards under the IESBA Code for two independence scenarios involving fees and long association

Re-solve every Financial Accounting and Reporting question you got wrong in weeks 1 and 2 without notes, and confirm mastery

Complete a 40-question integrated mock spanning both accounting and audit and score it against the pass mark

Rehearse the audit evidence and internal control concepts that link financial statement assertions to substantive testing

Write a 300-word comparison of how an accounting error is treated by management versus how the auditor reports it

Build a tax computation template covering income tax, capital allowances, and loss relief for a corporate entity and apply it to four case scenarios

Calculate value added tax, withholding tax, and transfer pricing adjustments in three multi-entity scenarios and state the compliance deadlines

Distinguish the tax treatment of capital versus revenue transactions and justify each classification with the relevant principle

Prepare a 10-point checklist of tax filing obligations and penalties for a fictional company operating in your jurisdiction

Apply a governance framework to two case studies and identify board composition, committee, and disclosure weaknesses

Evaluate an ethical dilemma using a recognised decision model and recommend a course of action with justification

Construct a break-even, relevant costing, and limiting-factor analysis for a production decision and recommend the optimal plan

Prepare a variance analysis report that decomposes a profit shortfall into price, volume, and mix effects

Compute weighted average cost of capital, evaluate an investment appraisal under NPV and IRR, and explain the treatment of risk and inflation

Assess working capital and financing options for a growth scenario and quantify the cost of each option

Summarise the core principles of contract formation, agency, and company law relevant to directors' duties in a one-page reference sheet

Analyse two regulatory or legal scenarios and identify the applicable rule, breach, and remedy

Explain how data analytics techniques such as sampling, trend analysis, and visualisation support audit and management decisions, with two worked examples

Distinguish public sector and not-for-profit reporting requirements from private sector practice, covering fund accounting and modified accrual bases

Complete two full-length timed mock examinations under exam conditions and mark them strictly

Consolidate every error from all eight weeks into a single revision sheet and re-test the weakest 30 items