Chartered Accountancy, Institute of Chartered Accountants of Pakistan (Scheme 2025) · CAF · Group B
ICAP CAF-5 Management Accounting: mock exams and practice questions
45 original exam-style questions for ICAP CAF-5 Management Accounting, with full timed mock exams in the real format and an explanation for every answer. Free for everyone until 31 January 2027.
- 45practice questions
- 3syllabus areas
- 3 hours 15 minutes including 15 minutes' reading timefull mock, like the real exam
ICAP CAF-5 exam format
3 hours 15 minutes including 15 minutes' reading time, written, all questions compulsory. Scheme 2025 syllabus (Spring 2027) and the July 2025 study text: costing methods, materials, overheads, labour, process and joint-product costing, target costing, standard costing and variances, CVP, relevant-cost decisions, EOQ and inventory levels. Sessions in February and August. The pass mark is 50%.
| Section | Format | Marks |
|---|---|---|
| Question 1 | 7 multiple-choice questions: 4 × 1 mark, 1 × 1.5, 1 × 2 and 1 × 2.5 marks | 10 |
| Questions 2-6 | 5 short written questions × 8 marks: computations, journal entries, statements and short discussions | 40 |
| Questions 7-9 | 1 × 18-mark costing question (materials, overheads, manufacturing accounts or absorption and marginal costing) and 2 × 16-mark questions (process, joint-product or variance analysis; CVP or a relevant-cost decision) | 50 |
| Total | 100 |
Syllabus areas covered
- A · Costs associated with production18 questions
- B · Cost flow12 questions
- C · Cost management planning and decisions15 questions
Practise ICAP CAF-5 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.