ICAP Strategic Case Study case studies
ICAP Strategic Case Study · Put your knowledge to work in context.
The ICAP Strategic Case Study is the capstone-style examination of the Institute of Chartered Accountants of Pakistan's professional qualification. Rather than testing topics in isolation, it presents a single extended business scenario and asks candidates to respond in writing as a newly qualified adviser would: diagnosing the situation, weighing options, recommending a course of action and justifying it with numbers, standards and professional judgement. The ICAP Strategic Case Study case studies are 5 cases and about 4,429 words.
1Delta Textiles: A Three-Year Fixed-Price Export Contract
Delta Textiles runs a 12 million metre per year weaving plant near Faisalabad at 78% utilisation. 85% of output is exported to European converters at USD 1.85 per metre.
736 words, about 4 min2Zenith Chemicals: WACC, a Rupee-versus-Dollar Funding Choice, and an Export Receivable
Zenith Chemicals is appraising a PKR 4.2 billion chlor-alkali expansion expected to generate after-tax operating cash flows of PKR 900 million a year for ten years, with no terminal value. It will be financed 60% debt / 40% equity, consistent with the firm's target capital structure.
774 words, about 4 min3BuildCo: A Contract That Has Turned Loss-Making
BuildCo has a single fixed-price contract to design and build a plant; the work qualifies for revenue recognition over time. The contract price is PKR 1,800 million.
1,123 words, about 6 min4Hilal Packaging: A Group Audit with an Unfamiliar Component Auditor
Hilal Packaging is a listed group with six subsidiaries. One subsidiary, Hilal Gulf FZE in Sharjah, holds 18% of group assets and generates 31% of group revenue.
894 words, about 4 min5Ravi Industries: A Related-Party Contract, a Vacant Audit Committee and a Backdated Decision
Ravi Industries is a listed, family-controlled company where the chairman's family holds 58%. In November the board approved, without any tender, a three-year facilities-management contract worth PKR 320 million a year with Ravi Services, a company owned by the chairman's son.
902 words, about 5 min