CA CFAP 1 – Advanced Accounting & Financial Reporting
ICAP in the past few years have moved to more of application based approach of testing at CFAP 1 level. It has not only raised the bar but have also increased the level of complexity. The course will help you map and apply IFRSs to questions, practice questions of variety of scenarios using comprehensive question bank, engaging lectures and interactive assessments.v=4vmNpBpLNzY
On successful completion of this course, students should be able to:
- Prepare financial statements in accordance with the international pronouncements and under the Companies Act, 2017
- Evaluate and analyze the financial data for arriving at firm decision about the accounting treatment and reporting of the same
- Prepare financial statements of small and medium sized entities in accordance with the Companies Act, 2017 and applicable reporting framework
- Prepare financial statements of retirement benefit funds in accordance with the international
- Understand reporting requirement under the laws specific to insurance, banking companies and mutual funds.
ICAP in the past few years have moved to more of application based approach of testing at CFAP 1 level. It has not only raised the bar but have also increased the level of complexity. The course will help you map and apply IFRSs to questions, practice questions of variety of scenarios using comprehensive question bank, engaging lectures and interactive assessments.
The syllabus for Advanced Accounting and Financial Reporting, assumes knowledge acquired at the Intermediate and Fundamental levels including the core technical capabilities to prepare and analyse financial reports for single and combined entities. The syllabus requires students to examine corporate reporting from a number of perspectives, not only from the point of view of the preparer of corporate reports, but also from the perspective of a variety of different stakeholders such as finance providers. The syllabus further requires the assessment and evaluation of the reporting decisions made by management and their implications for a range of stakeholders and entities. It also explores the professional and ethical responsibilities of the accountant to these stakeholders.
The subject matter of the syllabus requires students to have a cohesive understanding of the IASB’s Conceptual Framework for Financial Reporting and to use the Framework as a basis for judgement in applying International Financial Reporting Standards in corporate reports. The syllabus considers both the principles and practices of IFRS and uses these principles as a basis for the preparation of the financial statements of single entities and groups.
Hasnain R. Badami
Hasnain Raza Badami is a qualified Chartered Accountant with cumulative experience of 11+ years in the profession. He also holds a master’s degree in Philosophy – with critical thinking as his area of research interest. His particularly versatile academic background from humanities and business is what makes his classrooms a thoroughly intriguing experience.
Hasnain believes in learning through experience and stories. His real life stories come from his equally diverse experience working in large local and multinational organisations, as well as from training professionals, teachers, and students. More specifically, he has worked with Ernst & Young (Karachi, Dubai and Jeddah offices) and also with Internal Audit function at Engro Polymer before he finally quit Engro to pursue his passion for learning and development work. Presently, he is the co-founder and Director of Ingenium Business solutions that is working in leadership, finance, and digital learning space.
Consolidated and Separate Cashflow statements (IAS 7) standards
IFRS 07, 09 and IAS 32
IFRS 02 Share based payments
IFRS 05 Non current assets held for Sale
IFRS 08 Operating Segments
IFRS 13 Fair value measurement
IFRS 15 Revenue
IFRS 16 Leases
IAS 12 Income taxes
IAS 19 Employee Benefits
IAS 21 Foreign Exchange
IAS 24 Related party
Specialised FS : IAS 26 Retirement benefits
IAS 33 EPS
IAS 34 Interim Financial reporting
IAS 36 Impairment
IAS 40 Imvestment property
IAS 41 Agriculture
Specialised FS : SME + IFRS for SME
Specialised FS : Bank
Specialised FS : Mutual Funds
Specialised FS : Insurance
Specialised Area : IFRS 01
Specialised Area : IFRS 04
Specialised Area : IFRS 14
Specialised Area : IAS 29
Islamic Standards overview
IPSAS : IPSAS 01 + IPSAS under cash basis of accounting