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Syllabus

AFC AND CAF EXAMINABLE EDITIONS IN SPRING 2017 and SUMMER 2017
The following editions will be applicable for Spring 2017 and Summer 2017 attempt. These editions will continue to serve the same purpose unless otherwise is communicated through the guidelines/supplements(s) issued by the Institute from time to time that may remove, add or replace any specific portion of any of the following editions:
Code Subject Hard Bound Edition Available
AFC-1 Functional English (Revised) Edition 2015
AFC-2 Business Communication (Revised) Edition 2015
AFC-3 Quantitative Methods 2013
AFC-4 Introduction to Information Technology 2013
CAF-1 Introduction to Accounting 2016
CAF-2 Introduction to Economics and Finance 2016
CAF-3 Business Law 2016
CAF-4 Business Management and Behavioural Studies 2013
CAF-5 Financial Accounting and Reporting-I 2015
CAF-6 Principles of Taxation 2016
CAF-7 Financial Accounting and Reporting-II 2015
CAF-8 Cost and Management Accounting 2015
CAF-9 Audit and Assurance 2015
The following supplements are applicable for SPRING 2017 and SUMMER 2017.
AFC-4 Introduction to Information Technology
CAF-5 Financial Accounting and Reporting-I
CAF-7 Financial Accounting and Reporting-II
CAF-8 Cost and Management Accounting
CAF-9 Audit and Assurance

GENERAL EXAMINATION GUIDANCE It has been decided by the Institute that:

  1. If a topic is not in syllabus then it will not be tested even if the study text or question bank contains discussion, examples or questions on the said topic.
  2. If a topic is in syllabus and learning outcomes related thereto are in place but for any reason the said topic is not discussed in study text it would not be examined.
  3. If a topic is in syllabus and learning outcomes related thereto are in place covering the said topic. The same has also been discussed in study text but question bank contains a high pitch question, the question in exam may be of a level matching to the question bank. *
  4. If a topic is in syllabus and learning outcomes related thereto are in place covering the said topic and same has also been discussed in study text but question bank does not contain any question on the said topic, the said topic may be tested in the exam.

* Note: In response to a number of queries received from the faculty members of RAETs and students, we clarify that if a topic is in syllabus, learning outcomes thereto are in place covering the said topic and the same has also been discussed in the study text, the said portion of the law may be tested in the examination even if the relevant portion of the law is not covered completely in the study text.

AFC & CAF
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Syllabus Spring 2017 and Summer 2017

IMPORTANT NOTE

It is notified that the Study Text may contain old version of syllabus and learning outcomes. Therefore, the examinable syllabus and learning outcomes for Spring 2017 and Summer 2017 for all subjects should be downloaded from here.

Examination Guidance
Test of Writing Skill Presentation and Communication Skills Course – I

CA FINAL / CFAP
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CFAP Syllabus

Syllabus – Final

  • Information Technology Management, Audit and Control
  • Management Accounting
Certified Finance and Accounting Professional (CFAP) Level Exam and Guidance Thereon

Examination Guidance CFAP-1 and CFAP-2

Revised Pages – CFAP-1 (Advanced Accounting and Financial Reporting)
Examination Guidance For CFAP-2 Corporate Laws
Recommended reading material For CFAP-2 – Corporate Laws
Following CFAP subject has supplement for Summer 2017
CFAP-1      Advanced Accounting and Financial Reporting
Dear All
Please note that ICAP published the IFRS 2016 in May 2016 which is available in hard bound at ICAP Facilitation centers. This edition shall be examinable from Summer 2017 examination.
For Summer 2017 attempt, the following are included in the syllabus:

        • IFRS 2016 Edition
        • ISA 2015 Edition
Scope of studies applicable on all examinations
Any revision and amendment in legislation, standard, code, guideline and statement shall not be part of syllabus before six months period elapsed from the date of publication thereof. Provided that Finance Act or Ordinance, and notifications and circulars relating to Finance Act or Ordinance, issued four months prior to the date of examination shall be considered forming part of syllabus in case of CFAP.
In case of standards on accounting and auditing and code of ethics, the period of six months shall be counted from the date of publication thereof in Pakistan, by the Institute.
Standards on accounting and auditing and code of ethics, if revised and published or notified by the Institute, shall be considered forming part of syllabus after six months from the date of publication or notification by the Institute even if they are applicable on a later date.
Updated on 23 December 2016