PIPFA Foundation case studies
PIPFA Foundation · Put your knowledge to work in context.
The PIPFA Qualification, awarded by the Pakistan Institute of Public Finance Accountants, is a professional accounting credential focused on public finance and accountancy for both corporate and public sectors. It is designed for candidates who have completed Intermediate, A' Levels, DBA, CAT or an equivalent qualification, and it also offers a Gateway route for ICAP and ICMAP students. The PIPFA Foundation case studies are 5 cases and about 4,711 words.
1Packaging batch: NRV, unabsorbed overhead and a firm order
Nuqta Packaging (Pvt) Ltd makes laminated film. At 30 June 20X5 its finished-goods ledger carries one batch of 50,000 units at a total cost of Rs 3,975,000: materials Rs 2,400,000, direct labour Rs 900,000, variable overhead Rs 300,000 and fixed production overhead Rs 375,000.
966 words, about 5 min2Listed client: inventory count missed and an unadjusted receivable
is auditing Maple Textiles Limited, a listed company with total assets of Rs 900 million; overall materiality is Rs 15 million. Inventory of Rs 300 million is the largest balance.
921 words, about 5 min3District health office: year-end medicines bill and a re-appropriation shortfall
The District Health Officer (DHO), Kasur, has a non-salary budget of Rs 120 million for medicines for 20X4-25. At 25 June the office has spent Rs 112 million and has outstanding bills of Rs 6 million.
925 words, about 5 min4Ten minutes, twenty-two slides: presenting Q3 results to a mixed committee
Sana is a management trainee at a mid-sized Islamic bank. She has ten minutes on the agenda of the nine-member Management Committee to present Q3 20X5 performance.
946 words, about 5 min5ACL duplicate-payment test and three vendors sharing one bank account
At a listed fertiliser company, an audit trainee extracts the full FY20X5 vendor payment data from SAP into ACL: 480,000 line items. She runs a duplicate-payment test matching on vendor number, amount and payment date within a 30-day window.
953 words, about 5 min