Syllabus GRID
Here is the grid of Syllabus of caf far1 study text.
| Grid | Weightage |
| Preparation of Financial Statements | 35-45 |
| Conceptual Framework and Interpretation of Financial Statements | 20-30 |
| Accounting for Financial Transactions | 30-40 |
| Total | 100 |
Course Outline
The course outline gives an overview of Syllabus of CAF Financial Accounting and Reporting 1. The detailed Syllabus of CAF Financial Accounting and Reporting 1 for Spring 2022 attempt is given below.
Preparation of Financial statement:
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- Prepare the statement of changes in equity.
- Prepare the statement of cash flows.
- Analyze the impact of errors on the financial statements within a reporting period.
- Apply the principles and concepts of selecting and applying accounting policies, accounting for changes in estimates and reflecting corrections of prior period errors.
- Compare the usefulness of cash flow information with that of a statement of profit or loss or a statement of profit or loss and other comprehensive income.
- Prepare financial statements for non-profit organizations.
Conceptual framework and interpretation of financial statements:
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- Apply and discuss the requirements of the conceptual framework for financial reporting.
- Calculate and interpret ratios to give an assessment of an entity’s performance and financial position with different benchmarks and discuss window dressing of financial statements to produce the desired effect.
- Apply the principles and concepts concerning measurement, retrospective adjustments, presentation and disclosure of basic and diluted earnings per share.
Accounting for financial transactions:
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- Apply the principles and concepts of recognition, measurement at recognition and after recognition and disposal of property plant and equipment, the determination of their carrying amounts, and the depreciation charges and impairment losses to be recognized in relation to them.
- Apply the principles and concepts of accounting and disclosure of Government grants, other Government assistance and loans granted by the government (subsidized and forgivable).
- Apply the principles and concepts of recognition, measurement and disclosure of borrowing costs.
- Apply the principles and concepts of carrying assets (other than cash-generating unit and goodwill) at no more than their recoverable amount and recognition of impairment loss and reversal thereof.
- Apply the principles and concepts 0f recognition, measurement, transfer, disposal and disclosure of Investment Property
Study material provided by ICAP
Download study material provided by icap for caf far1 study text.
- CAF-05 Financial Accounting and Reporting I – Study Text (2019)
- CAF-05 Financial Accounting and Reporting I – Question Bank (2019)
- CAF-05 Financial Accounting and Reporting I – Additional Practice Questions