CPA Rwanda study plan
CPA Rwanda · Give each week a clear focus.
8 weeks · About 6 hours per week
Financial Accounting and Reporting
Map the Financial Accounting and Reporting syllabus into a checklist of every examinable standard and topic area
Prepare and explain the main IFRS recognition and measurement rules for revenue, leases, and financial instruments from first principles
Solve at least 15 computation questions on revenue and lease accounting under timed conditions
Build a one-page formula and journal-entry sheet covering the week's standards
Your checkpoint
A completed domain-1 checklist plus a hand-written formula/journal-entry sheet, self-scored against at least 15 practice computations
Financial Accounting and Reporting
Prepare consolidated financial statements including adjustments for intra-group transactions, goodwill, and non-controlling interests
Apply measurement rules for property, plant and equipment, impairment, provisions, and deferred tax to numerical scenarios
Draft a full set of financial statements from a trial balance within a 45-minute timed sitting
Log every error from timed practice into an error tracker with the corrective rule
Your checkpoint
One fully drafted set of consolidated financial statements produced under time pressure, with an error tracker listing at least 10 corrected mistakes
Financial Accounting and Reporting & Audit and Assurance
Complete two full-length mock sections on Financial Accounting and Reporting and grade them against the marking scheme
Interpret and apply auditing standards on risk assessment, materiality, and audit evidence to short case scenarios
Explain the auditor's responsibilities in relation to fraud, laws and regulations, and going concern
Write model answers to at least five audit scenario questions using the required structure
Your checkpoint
Two graded mock sections (domain 1 and domain 3) with a written gap analysis identifying the three weakest topic areas
Audit and Assurance
Design an audit plan for a simulated entity, covering risk identification, materiality calculation, and planned procedures
Distinguish the types of audit opinion and justify the appropriate opinion for at least eight short scenarios
Evaluate internal controls and recommend control improvements for a purchase and payroll cycle
Produce a complete audit working-paper summary for the simulated engagement
Your checkpoint
A full audit planning and evidence memorandum for one simulated client, including a justified opinion recommendation
Taxation & Financial Management
Compute income tax, VAT, and withholding tax liabilities for individuals and companies using current Rwandan rates and rules
Explain the administration, filing, and penalty provisions of Rwandan tax law as applied to practical scenarios
Calculate cost of capital, NPV, IRR, and working-capital requirements for investment appraisal decisions
Recommend a financing or investment decision supported by quantitative analysis in at least three cases
Your checkpoint
A worked solutions pack containing at least 10 tax computations and 5 investment-appraisal cases, each with a written recommendation
Management Accounting and Performance Management & Financial Management
Apply costing methods including absorption, marginal, activity-based, and standard costing to numerical problems
Prepare budgets and analyse variances, explaining possible causes and management actions
Evaluate divisional performance using ROI, residual income, and balanced scorecard measures
Solve working-capital and ratio-analysis questions under timed conditions
Your checkpoint
A complete budgeting and variance-analysis case study with a written performance report to management
Business Law and Corporate Governance & Business Strategy and Management & Professional Ethics and Values
Outline the legal framework for business organisations, contracts, and corporate governance in Rwanda and apply it to scenarios
Apply strategic analysis tools (PESTEL, Porter's five forces, SWOT, value chain) to a case organisation and recommend a strategy
Apply the professional code of ethics to at least six ethical dilemma scenarios, identifying threats and safeguards
Distinguish the roles and responsibilities of directors, auditors, and shareholders in governance scenarios
Your checkpoint
A written case report combining strategy, governance, and ethics analysis for one organisation, with justified recommendations
Information Systems and Data Analytics & Financial Accounting and Reporting & Audit and Assurance & Taxation
Explain internal controls over information systems, data integrity, and the use of data analytics in audit and finance
Complete two full-length timed mock exams across all domains and record scores per domain
Revise the highest-frequency weak areas identified by the mocks using the error tracker
Consolidate all formula sheets, tax rates, and model answer structures into a single revision pack
Your checkpoint
Two completed and self-scored full mock exams plus a final one-page revision pack covering every domain
Milestones
Week 2: Score at least 60% on a self-marked Financial Accounting and Reporting section and confirm every domain-1 topic has been attempted at least once
Week 4: Produce a complete audit plan and opinion recommendation without reference notes, and score at least 60% on an Audit and Assurance mock
Week 6: Achieve at least 65% on combined Management Accounting and Financial Management practice questions, with tax computations checked against current published rates
Week 8: Score at least 70% overall on both full mock exams, with no single domain below 55%, before sitting the exam