ICAP QAT case studies
ICAP QAT · Put your knowledge to work in context.
ICAP QAT stands for the Institute of Chartered Accountants of Pakistan Quantitative Aptitude Test, a screening-style assessment used in the ICAP chartered accountancy pathway in Pakistan. ICAP describes itself as the statutory regulator of the accountancy profession, established by the Government of Pakistan, and sets out its student route through the Education and Training Scheme, registration and exemptions, learning providers, study resources, scholarships, and examinations. The quantitative aptitude component tests numerical reasoning of the kind demanded by accounting study: arithmetic, ratios and percentages, algebra, data interpretation, and speed under time pressure. It is aimed at candidates entering or progressing through ICAP's student pipeline who must demonstrate baseline numerical competence before or alongside CAF-level study. The ICAP QAT case studies are 5 cases and about 3,394 words.
1Partnership profit allocation with a guaranteed minimum share
A three-partner firm closes its first year on 30 June. Partner A contributed Rs.
679 words, about 3 min2Blended rice, short weights and the true margin
A wholesale grocer buys 100 kg of rice variety X at Rs. 150 per kg and 150 kg of variety Y at Rs.
696 words, about 3 min3Scheduling a document job to a deadline under a cost cap
A document-production unit has won a contract that requires 72 equal-sized chapters to be formatted before a fixed filing date. Three typists are available.
719 words, about 4 min4Flat rate versus reducing balance on a vehicle purchase
A trading company needs a delivery van costing Rs. 1,500,000 and has two financing offers, both with no down payment and 36 equal monthly instalments.
634 words, about 3 min5Acceptance sampling on a 500-unit component lot
A buyer receives lots of 500 identical machined components from a supplier whose process has historically run at a 4% defective rate. The agreed sampling plan draws 20 components at random, without replacement, from each lot and rejects the lot if more than one defective is found in the sample; accepted lots go straight to the assembly line.
666 words, about 3 min