Take 7 Day Free Trial

CAF 5 & CAF 7 – Bundle Course (Regular/Sept 2021)

By Hasnain Badami

Study for your CA CAF 5 & CAF 7 courses online with the help of a bundle package as students can now experience the most accessible and convenient method of studying with the help of online academy.


  • COMPLETE & Comprehensive Course Coverage (as suggested in ICAP Syllabus)
  • Engaging lectures recorded and updated on Learning Glass technology
  • Active WhatsApp Groups for queries/ support. Committed cohort of learners
  • Access Anywhere, Anytime with best preparation strategy, content & support!




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.

Sajid Kapadia - TSB Education


Sir M. Sajid Kapadia (ACA, FCCA, APA, PIPFA, M.A [Economics]) a legendary figure in the field of teaching. M. Sajid Kapadia is a prominent instructor of F8 paper and P7 paper in ACCA and CAF 9 of CA (ICAP). He carries with him a vast experience of more than 15 years of teaching with more than 30,000 students to date. He is Managing Director & Principal of KnS Institute of Business Studies, Karachi. Previously he has worked for Ernst and Young Pakistan, Siemens Pakistan and Lakson group of Companies.

The KnS Institute of Business Studies, since 2007, is a professional training college offering a full range of accountancy and financial courses, run by an experienced and outstanding team of lecturers who are themselves ACCA’s and Chartered Accountants in very reputed organizations and companies. It is the first accountancy college ever to offer full tuition for all 16 papers of ACCAand complete faculty for all CA Modules.It provides about 1500+ students from different backgrounds with a unique study experience: quality tuition at an affordable price, with flexible course options.


Preparation of financial statements in accordance with IFRS and its interpretation

  • IAS 1 Preparation of financial statements (preparation of statement of changes in equity only)
  • IAS 7 Preparation of statement of cash flows (other than consolidated statement of cash flow)
  • Interpretation of financial statements and ratio analysis including limitations of financial statement and ratio analysis

Preparation of income & expenditure account, accounts from incomplete records and manufacturing account

  • Accounting for non-profit organization / Income and expenditure account
  • Preparation of accounts from incomplete records
  • Maintenance of factory ledger and related accounting entries and preparation of manufacturing account.

Other areas of IFRS

  • The conceptual framework for financial reporting
    • Recognition and measurement of the elements of financial statements
    • Concepts of capital and capital maintenance
  • IAS 16 Property, plant and equipment (revaluation and disclosure)
  • IAS 20 Accounting for government grants and disclosure of government
  • IAS 23 Borrowing Costs
  • IAS 36 Impairment of Assets (other than cash-generating units CGU)
  • IAS 40 Investment Property (other than lease issues)
  • IFRS 15 Revenue from Contracts with Customers


Preparation of Financial Statements in accordance with the Companies Act 2017 and IFRS

  • Preparation of financial statements of limited companies in line with the requirement of the Companies Act, 2017 and International Financial Reporting Standards (excluding liquidations, reconstructions and mergers)
  • Preparation of consolidated financial statements (one subsidiary)
    • IFRS 3 Business combinations (goodwill and cost of investment)
    • IFRS 10 Consolidated financial statements (Preparation of consolidated statements of financial position and comprehensive income)
    • IAS 28 Investment in associates and joint venture (Equity method
      and test of one associate)
  • Accounting policies, changes in accounting estimates; and errors (IAS8)

Accounting for non-current Assets

  • IFRS 9 Classification, recognition and measurement of financial assets and liabilities Other than derivatives -Financial Instruments
  • IFRS 16 Leases (Excluding modification, sale and lease back and reassessment)
  • IAS 38 Intangible assets Recognition, de-recognition, measurement, amortization and measurement after recognition of non-current
    assets (including SIC 32 Intangible Assets – Web Site Costs)
  • IAS 41 Agriculture

Ethics and other areas of IFRS

  • Ethics
    • Fundamental principles (sections 100 to 150 of the Code of Ethics for
      Chartered Accountants)
    • An understanding of ethics relating to preparation and reporting
      of financial information (Section 320 of Code of Ethics for Chartered
  • IFRS 8 Operating Segment
  • Events occurring after the reporting period (IAS-10)
  • IAS 37 Provisions, contingent liabilities and contingent assets (including
    IFRIC 1 changes in existing decommissioning, restoration and similar
  • IAS 12 Income Taxes (other than Business combination)
  • IAS 21 The effects of changes in foreign exchange rates (foreign exchange transactions)