PIPFA Final Level case studies

PIPFA Final Level · Put your knowledge to work in context.

PIPFA - the Pakistan Institute of Public Finance Accountants - is a full member body of the International Federation of Accountants (IFAC) and describes itself as providing quality education in the field of public accounting for both private and public sectors. Its Final Level sits at the top of the qualification, and the syllabus is published in two parallel streams: Syllabus For Corporate and Syllabus For Public. The PIPFA Final Level case studies are 5 cases and about 5,661 words.

Zenith Core Systems: Allocating a Bundled Banking Platform Contract Under IFRS 15

Zenith Core Systems (Pvt) Ltd (ZCS) signs a three-year contract with a commercial bank on 1 October 2025 with fixed consideration of Rs 240 million, plus a per-transaction fee of Rs 0.40 for volumes above 5 million transactions a year, capped at Rs 30 million. ZCS will (i) license its core banking platform, (ii) customise it to the bank's product set over nine months, and (iii) provide three years of support.

1,089 words, about 5 min 2

Provincial Health Department: Year-End Utilisation Reporting on a Conditional Grant

A provincial health department receives a Rs 1,200 million federal development grant to upgrade 40 rural health centres. The grant letter requires at least 85% utilisation by 30 June 2026 and refund of any unspent balance; funds are released quarterly and the fourth instalment of Rs 300 million arrived on 22 June.

1,093 words, about 5 min 3

Indus Precision: Covenant Breach, Post-Year-End Waiver and Going Concern

Indus Precision Ltd (IPL) manufactures auto parts. At 31 December 2025 it breaches the net-debt-to-EBITDA covenant of 3.5 on a Rs 2,500 million term loan; the actual ratio is 4.6.

1,149 words, about 6 min 4

District Education Office: Splitting Procurement to Avoid Open Competitive Bidding

A district education office receives Rs 210 million for 1,800 teacher-training tablets. The delegation of financial powers sets open competitive bidding above Rs 5 million, limited bidding between Rs 1 million and Rs 5 million with competent-authority approval, and direct contracting only below Rs 0.5 million or in a declared emergency.

1,109 words, about 6 min 5

Ravi Textiles: Goodwill Reallocation and Support for Value-in-Use Headroom

Ravi Textiles Group (RTG) acquired Hillside Garments in 2022 and recognised goodwill of Rs 900 million, allocated to three cash-generating units. In 2025 RTG merged its Home Textiles and Kids Wear CGUs into one Consumer CGU, effective 1 July 2025, and reallocated the Home Textiles goodwill of Rs 420 million pro rata to the relative carrying amounts of the merged CGU's assets.

1,221 words, about 6 min