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🇵🇰 Pakistan · Finance & Accounting
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 full ICAP CAF syllabus: 8 subjects, 54 chapters and 173 topics, with 454 flashcards written against it.
ICAP CAF subjects
ICAP CAF has 8 subjects. Each one is listed below with its chapters in syllabus order; open a subject for every topic and sub-topic inside them.
CAF-1: Financial Accounting and Reporting
- Conceptual and Regulatory Framework · 2 topics
- Statement of Financial Position and Profit or Loss · 4 topics
- Statement of Changes in Equity and Cash Flows · 3 topics
- Interpretation of Financial Statements · 3 topics
- Property, Plant and Equipment · 3 topics
- Investment Property and Government Grants · 2 topics
- Agriculture · 2 topics
CAF-2: Taxation Principles and Compliance
- Objective, System and Constitutional Provisions · 2 topics
- Ethics in Taxation · 4 topics
- Central Concepts and Scope of Income · 2 topics
- Computation of Income and Tax · 6 topics
- Income Tax Administration and Compliance · 4 topics
- Sales Tax Laws · 3 topics
CAF-3: Data, Systems and Risks
- Data Fundamentals · 2 topics
- Data Analytics and Big Data · 2 topics
- Database Management · 3 topics
- IT Systems Architecture · 4 topics
- IT Governance and Emerging Technologies · 3 topics
- Risks and Controls · 4 topics
CAF-4: Business Law Dynamics
- Introduction to the Legal System · 2 topics
- Contract Act, 1872 · 6 topics
- Partnership Act, 1932 · 3 topics
- Negotiable Instruments and Other Laws · 3 topics
- Companies Act 2017: Incorporation and Shares · 3 topics
- Companies Act 2017: Management and Administration · 3 topics
- Meetings, Directors, Accounts and Dividends · 3 topics
CAF-5: Management Accounting
- Elements and Costing Methods · 4 topics
- Material and Labour · 3 topics
- Overheads and Manufacturing Accounts · 3 topics
- Process Costing · 4 topics
- Target Costing and Variance Analysis · 3 topics
- Cost-Volume-Profit and Decision Making · 5 topics
- Inventory Management · 2 topics
CAF-6: Corporate Reporting
- Consolidated Financial Statements · 3 topics
- Earnings Per Share and Local Requirements · 2 topics
- Income Taxes and Revenue · 2 topics
- Intangible Assets · 1 topic
- Ethics and Sustainability Reporting · 2 topics
- Leases and Financial Instruments · 2 topics
- Provisions, Events and Other Areas · 4 topics
CAF-7: Business Insights and Analysis
- External Analysis · 4 topics
- Internal Analysis · 2 topics
- Ethical Decision Making · 2 topics
- Sources of Finance and Cost of Capital · 3 topics
- Risk Management · 4 topics
- Financial Analysis · 3 topics
- Introduction to Sustainability · 3 topics
CAF-8: Audit and Assurance Essentials
- Audit Framework and Assurance Concepts · 3 topics
- Engagement, Quality Control and Ethics · 4 topics
- Planning and Audit Documentation · 4 topics
- Risk Assessment and Materiality · 4 topics
- Audit Evidence · 6 topics
- Internal Controls and CAATs · 4 topics
- Finalization and Reporting · 6 topics
ICAP CAF flashcards
454 question-and-answer cards across 8 subject decks, each shown in full on its subject page.
- 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
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.
How many chapters and topics are in the ICAP CAF syllabus?
54 chapters and 173 topics, across 8 subjects. CAF-8: Audit and Assurance Essentials is the largest subject, with 31 topics in 7 chapters.
Are there ICAP CAF flashcards?
Yes — 454 question-and-answer flashcards in 8 subject decks. Each deck is printed in full on its subject page here, and the same cards are in the Examius app with spaced repetition. The free plan covers one exam of your choice, including its flashcards; Examius Pro, a one-time purchase, unlocks every other exam and deck.
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