Chartered Accountancy, Institute of Chartered Accountants of Pakistan (Scheme 2025) · CAF · Group A
ICAP CAF-1 Financial Accounting and Reporting: mock exams and practice questions
54 original exam-style questions for ICAP CAF-1 Financial Accounting and Reporting, with full timed mock exams in the real format and an explanation for every answer. Free for everyone until 31 January 2027.
- 54practice questions
- 3syllabus areas
- 3 hours 15 minutes including 15 minutes' reading timefull mock, like the real exam
ICAP CAF-1 exam format
3 hours 15 minutes including 15 minutes' reading time, written, all questions compulsory. Scheme 2025 syllabus and the March 2026 study text (Spring 2027 editions): IAS 1, 7, 8, 16, 20, 23, 36, 40, 41, the Conceptual Framework, ICAP's NPO standard and ratio analysis. Sessions in February and August. The pass mark is 50%.
| Section | Format | Marks |
|---|---|---|
| Question 1 | 10 multiple-choice questions × 1 mark | 10 |
| Questions 2-6 | 5 short written questions × 8 marks: computations, journal entries, notes and explanations | 40 |
| Questions 7-9 | 1 × 20-mark company statement of profit or loss and statement of financial position from a trial balance, and 2 × 15-mark questions (statement of changes in equity or cash flows; property, plant and equipment or investment property) | 50 |
| Total | 100 |
Syllabus areas covered
- A · Statements of financial position and profit or loss18 questions
- B · Statements of changes in equity and cash flows18 questions
- C · Non-current assets18 questions
Practise ICAP CAF-1 the way you'll sit it
Timed mocks, a question navigator and flags, then your score by syllabus area so you know what to revise next.