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ICAP CAF Syllabus
Certificate in Accounting and Finance (CAF) level of ICAP's chartered accountancy programme in Pakistan, spanning eight papers from financial accounting and taxation to audit, law, management accounting and business analysis.. The complete ICAP CAF outline — 8 subjects, 54 chapters and 173 topics — laid out so you can see exactly what has to be covered and tick each item off as you go.
ICAP CAF subjects
Each subject below has its own page with the full chapter → topic → sub-topic tree and a set of real exam-style flashcards.
7 chapters · 19 topics
CAF-2: Taxation Principles and Compliance6 chapters · 21 topics
CAF-3: Data, Systems and Risks6 chapters · 18 topics
CAF-4: Business Law Dynamics7 chapters · 23 topics
CAF-5: Management Accounting7 chapters · 24 topics
CAF-6: Corporate Reporting7 chapters · 16 topics
CAF-7: Business Insights and Analysis7 chapters · 21 topics
CAF-8: Audit and Assurance Essentials7 chapters · 31 topics
ICAP CAF flashcard decks
454 question-and-answer cards across 8 decks, written against this syllabus. Preview any deck free.
- CAF-1: Financial Accounting and Reporting — 63 cards
- CAF-2: Taxation Principles and Compliance — 51 cards
- CAF-3: Data, Systems and Risks — 50 cards
- CAF-4: Business Law Dynamics — 67 cards
- CAF-5: Management Accounting — 52 cards
- CAF-6: Corporate Reporting — 51 cards
- CAF-7: Business Insights and Analysis — 60 cards
- CAF-8: Audit and Assurance Essentials — 60 cards
How to work through the ICAP CAF syllabus
The outline on this page is arranged the way the syllabus itself is: subject, then chapter, then topic, then sub-topic. That last level is what most study plans skip, and it is where coverage actually goes wrong — a chapter marked "done" often has three sub-topics inside it that were never touched.
Weight your plan accordingly: CAF-8: Audit and Assurance Essentials carries 31 topics while CAF-6: Corporate Reporting carries 16. Giving both the same number of weeks is the most common planning mistake for ICAP CAF.
The ~130 hour estimate above is a first pass only: roughly 45 minutes per topic plus 12 minutes per sub-topic. Revision cycles, past papers and mocks sit on top of that number.
ICAP CAF syllabus FAQ
What subjects are in the ICAP CAF syllabus?
ICAP CAF covers 8 subjects: CAF-1: Financial Accounting and Reporting, CAF-2: Taxation Principles and Compliance, CAF-3: Data, Systems and Risks, CAF-4: Business Law Dynamics, CAF-5: Management Accounting, CAF-6: Corporate Reporting, CAF-7: Business Insights and Analysis and CAF-8: Audit and Assurance Essentials. Together they contain 54 chapters and 173 named topics.
How many topics does the ICAP CAF syllabus contain?
The full ICAP CAF outline breaks down into 54 chapters, 173 topics and 0 sub-topics. CAF-8: Audit and Assurance Essentials is the largest single subject with 31 topics across 7 chapters.
How long does it take to cover the whole ICAP CAF syllabus?
Roughly 130 hours for one full pass. That estimate allows about 45 minutes per topic plus 12 minutes per sub-topic, so it is first-pass coverage — revision, past papers and mock tests sit on top of it. At 3 hours a day that is about 6 weeks.
Are there ICAP CAF flashcards?
Yes — 454 question-and-answer flashcards across 8 decks, one per subject, written against this syllabus. A sample of every deck is readable on this site for free, and the complete decks are in the Examius app.
Is this ICAP CAF syllabus free to use?
Yes. Every page here is free to read, and importing the ICAP CAF syllabus into the Examius app to tick off topics as you finish them is free too, in Pakistan and everywhere else. No account is needed to start.
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