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|Formulation and implementation of strategy||35-40|
|Strategy and Management of information technology||15-20|
|Human Resource Management||15-20|
|Marketing and supply chain management||15-20|
|Corporate social responsibility and business ethics||15-20|
The course outline gives an overview of Syllabus of CFAP Business Management and strategy . The detailed Syllabus of CFAP Business Management and strategy for Spring 2022 attempt is given below.
Formulation and implementation of strategy
Formulation of strategy
Development of business vision and mission
Developing strategic, tactical and operational level strategies
Porter’s Five Forces model
Boston consulting group matrix
Competitive strategies of cost leadership and differentiation
Value chain analysis
Future basing – Scenario planning
Categories of risk and risk identification tools
Analysis and documentation of risk
Strategies for managing risk
Establishing long term objectives
Generating, evaluating and selecting strategies
Implementation of strategy
Evaluation of strategies
Strategic controls – measurement
Strategic controls – evaluation
Strategic controls – revisiting strategies
Key Performance Indicators
Business process re-engineering
Change management process
Project management-quality, cost and time
Strategy and Management of information technology
Role of IT in collection of information, planning and decision making
Formulation of IT strategy
IT Control framework COBIT
IT Control activities
IT Control monitoring
Human Resource Management
The purpose and forms of personnel specifications in the recruitment of personnel
Identifying competencies and other attributes required
Benefits and costs of new or additional personnel
Methods of recruitment
Human resource development and working environment
Motivating and supporting employees
Training, education and development
Staff appraisal styles and the assessment of competence models
Incentives and rewards
Purpose and procedures of health , safety and security requirements
Marketing and supply chain management
Marketing strategies, planning and implementing (including Service Oriented Business)
Assessing the nature and size of the market using internal records, market intelligence, market research
Product life cycle
Product positioning and branding strategies
Market segmentation strategies
Advertising and promotion strategies
Global marketing, opportunities and threats
Franchising, licensing, joint venture and alliances
World Trade Organization
Supply chain management
Concept and process of procurement
Vendor development and management
Inventory Management, ware housing and logistics
Corporate social responsibility and business ethics
The concept of sustainability and corporate social responsibility
Social influences of an entity’s strategy development
Corporate Social Responsibility as a non-financial performance indicator
Ethical behaviour and professionalism
syllabus of CFAP3 Business Management and strategy
syllabus of CFAP3 Business Management and strategy syllabus of CFAP3 Business Management and strategy syllabus of CFAP3 Business Management and strategy syllabus of CFAP3 Business Management and strategy syllabus of CFAP3 Business Management and strategy syllabus of CFAP3 Business Management and strategy
Effective from Summer 2019,
Any revision and amendment in legislation, standard, code, guideline and statement shall
not be part of syllabus before six months’ period elapsed:
a) in case of legislation, from the date of publication thereof by the issuing authority;
b) in case of revised or new standard, code, guideline and statement, from the date of
publication of study material by the Institute or date of application prescribed by the
issuing authority of the same, whichever is later; and
c) in case of changes in existing standard, code, guideline and statement, from the date
of publication or notification by the Institute even if they are applicable on a later date.
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.
For Winter 2021 attempt:
International financial reporting standards (IFRS) edition 2020 will be applicable.
International auditing and assurance standards (ISA) edition 2018 will be applicable.
Code of ethics edition 2019 will be applicable.
Syllabus – Testing Levels
*Testing Level and assessment of contents of earlier stages of qualification
The following policy for testing level and assessment of contents shall be applicable for
Accounting related subjects i.e. (CAF 1 Introduction to Accounting, CAF 5 Financial Accounting
and Reporting-I, CAF 7 Financial Accounting and Reporting-II and CFAP 1 Advanced
Accounting and Financial Reporting)
a. Technical contents assessed at earlier stages of qualification will be tested in later stages
with a limit of 8 marks per topic in an attempt.
b. The contents of syllabus may classify topics at three testing levels from 1 to 3 with a
maximum limit per question as 8, 20 and 25, respectively.
c. The overall marks of earlier stage topics and testing level-1 topics, as mentioned above, will
have a maximum limit of 35 marks in aggregate in an attempt.
*Explanation: A topic of CAF 1 can be examined in CAF 5, CAF 7 and CFAP 1 even if it is not in
the syllabus or study material of the later stage papers, likewise CAF 5 topics can be examined
in CAF 7 and CFAP 1; and CAF 7 topics can be examined in CFAP 1.