ICAP CAF study plan

Prepare journal entries and ledger postings for acquisition, depreciation, revaluation and disposal of property, plant and equipment under IAS 16

Compute closing inventory and cost of sales applying FIFO, weighted average and net realisable value rules of IAS 2

Draft a complete statement of financial position and statement of profit or loss for a sole trader from a given trial balance

Solve 30 exam-standard questions on the conceptual framework and IAS 1 presentation requirements

Prepare partnership appropriation, admission, retirement and dissolution accounts with correct capital and goodwill adjustments

Produce a statement of cash flows using the indirect method in line with IAS 7 from a comparative balance sheet and profit or loss

Apply the five-step revenue model of IFRS 15 to three short contract scenarios and record the resulting entries

Complete 40 mixed FAR-I questions under timed conditions and re-work every item answered incorrectly

Prepare a consolidated statement of financial position for a parent and one subsidiary, adjusting goodwill, non-controlling interest and intra-group balances

Measure and record a right-of-use asset and lease liability for a lessee under IFRS 16 across the full lease term

Classify and measure financial assets and liabilities under IFRS 9 and state the presentation impact of each category

Draft a consolidated statement of profit or loss where the subsidiary was acquired mid-year

Compute product cost under job, batch and process costing, including normal loss, abnormal loss and equivalent units

Apportion and absorb overheads under absorption costing and reconcile the resulting profit to marginal costing profit

Calculate and interpret material, labour and overhead variances and explain the likely operational cause of each

Prepare a flexible budget and a budgetary control report comparing budgeted and actual performance

Compute taxable income and tax liability under each head of income for one salaried and one business individual under the Income Tax Ordinance, 2001

Apply initial allowance, depreciation allowance and admissible deduction rules to a fixed asset register and support each adjustment with the governing provision

Compute output tax, input tax adjustment and net payable under the Sales Tax Act, 1990 for a manufacturing business

Prepare the withholding tax computation and certificate for four common transaction types

Design audit procedures responding to assessed risks of material misstatement in the revenue and inventory cycles

Assess threats to independence under the Code of Ethics and document the safeguards applied to each

Draft an auditor's report, including key audit matters and a modification under ISA 705, for a simulated engagement

Select an appropriate sampling approach and justify the sample size and evaluation of misstatements

Analyse five fact patterns to decide whether a valid contract exists, addressing offer, acceptance, consideration, capacity and free consent

Distinguish the rights, duties and liabilities of partners and of agents in three given scenarios

Outline the incorporation process, memorandum and articles of association, and share capital rules under the Companies Act, 2017

Explain the duties of directors and the procedure for convening and conducting board and general meetings

Compute and interpret profitability, liquidity, efficiency and gearing ratios from a set of published financial statements

Evaluate a capital investment proposal using net present value, internal rate of return and payback, and state a recommendation

Produce and interpret a cash flow forecast and a break-even analysis for a given business plan

Complete two full-length timed mock examinations spanning all eight domains and grade them strictly