CAF 1 Study & Revision Plan
Follow the complete CAF 1 Financial Accounting & Reporting Spring 2027 plan with a date-wise interactive checklist. Tick each task as you complete it — your progress is saved automatically on this device.
CAF-1 • FINANCIAL ACCOUNTING AND REPORTING
Spring 2027 Study & Revision Plan
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Follow the ICAP study text, practice questions and SC E-Learning tests. Sundays are reserved for self-revision and backlog.
| Done | Date | Work Plan | Test |
|---|---|---|---|
| 20-Oct-2026Tuesday | IAS 16 Property, Plant and Equipment | Test 3 | |
| 21-Oct-2026Wednesday | IAS 16 Property, Plant and Equipment | Test 3 | |
| 22-Oct-2026Thursday | IAS 16 Property, Plant and Equipment | Test 3 | |
| 23-Oct-2026Friday | IAS 16 Property, Plant and Equipment | Test 3 | |
| 24-Oct-2026Saturday | IAS 16 Property, Plant and Equipment | Test 3 | |
| 25-Oct-2026Sunday | Self Revision / Backlog Cover | — | |
| 26-Oct-2026Monday | IAS 16 Property, Plant and Equipment | Test 3 | |
| 27-Oct-2026Tuesday | IAS 16 Property, Plant and Equipment | Test 3 | |
| 28-Oct-2026Wednesday | Comprehensive Examples – IAS 16 | Test 3 | |
| 29-Oct-2026Thursday | IAS 20 Government Assistance and Grants | Test 1 | |
| 30-Oct-2026Friday | IAS 20 Government Assistance and Grants | Test 1 | |
| 31-Oct-2026Saturday | Comprehensive Examples – IAS 20 | Test 1 | |
| 01-Nov-2026Sunday | Self Revision / Backlog Cover | — | |
| 02-Nov-2026Monday | IAS 23 Borrowing Costs | Test 2 | |
| 03-Nov-2026Tuesday | IAS 23 Borrowing Costs | Test 2 | |
| 04-Nov-2026Wednesday | IAS 23 Borrowing Costs | Test 2 | |
| 05-Nov-2026Thursday | IAS 23 Borrowing Costs | Test 2 | |
| 06-Nov-2026Friday | Comprehensive Examples – IAS 23 | Test 2 | |
| 07-Nov-2026Saturday | IAS 40 Investment Property | Test 4 | |
| 08-Nov-2026Sunday | Self Revision / Backlog Cover | — | |
| 09-Nov-2026Monday | IAS 40 Investment Property | Test 4 | |
| 10-Nov-2026Tuesday | Comprehensive Examples – IAS 40 | Test 4 | |
| 11-Nov-2026Wednesday | IAS 36 Impairment of Assets | Test 5 | |
| 12-Nov-2026Thursday | IAS 36 Impairment of Assets | Test 5 | |
| 13-Nov-2026Friday | IAS 36 Impairment of Assets | Test 5 | |
| 14-Nov-2026Saturday | IAS 36 Impairment of Assets | Test 5 | |
| 15-Nov-2026Sunday | Self Revision / Backlog Cover | — | |
| 16-Nov-2026Monday | Comprehensive Examples – IAS 36 | Test 5 | |
| 17-Nov-2026Tuesday | Interpretation of Financial Statements | Test 6 | |
| 18-Nov-2026Wednesday | Interpretation of Financial Statements | Test 6 | |
| 19-Nov-2026Thursday | Interpretation of Financial Statements | Test 6 | |
| 20-Nov-2026Friday | Interpretation of Financial Statements | Test 6 | |
| 21-Nov-2026Saturday | Interpretation of Financial Statements | Test 6 | |
| 22-Nov-2026Sunday | Self Revision / Backlog Cover | — | |
| 23-Nov-2026Monday | Self Revision / Backlog Cover + Practice Questions | Test 6 | |
| 24-Nov-2026Tuesday | Self Revision / Backlog Cover + Practice Questions | Test 6 | |
| 25-Nov-2026Wednesday | Self Revision / Backlog Cover + Practice Questions | Test 6 | |
| 26-Nov-2026Thursday | Interpretation of Financial Statements | Test 6 | |
| 27-Nov-2026Friday | Comprehensive Examples – Interpretation | Test 6 | |
| 28-Nov-2026Saturday | IAS 41 Agriculture | Test 7 | |
| 29-Nov-2026Sunday | Self Revision / Backlog Cover | — | |
| 30-Nov-2026Monday | IAS 41 Agriculture | Test 7 | |
| 01-Dec-2026Tuesday | IAS 41 Agriculture | Test 7 | |
| 02-Dec-2026Wednesday | Comprehensive Examples – IAS 41 | Test 7 | |
| 03-Dec-2026Thursday | Statement of Changes in Equity | Test 8 | |
| 04-Dec-2026Friday | Statement of Changes in Equity | Test 8 | |
| 05-Dec-2026Saturday | Statement of Changes in Equity | Test 8 | |
| 06-Dec-2026Sunday | Self Revision / Backlog Cover | — | |
| 07-Dec-2026Monday | Statement of Changes in Equity | Test 8 | |
| 08-Dec-2026Tuesday | Comprehensive Examples – SOCE | Test 8 | |
| 09-Dec-2026Wednesday | Comprehensive Examples – SOCE | Test 8 | |
| 10-Dec-2026Thursday | Conceptual and Regulatory Framework for Financial Reporting | Test 9 | |
| 11-Dec-2026Friday | Conceptual and Regulatory Framework for Financial Reporting | Test 9 | |
| 12-Dec-2026Saturday | IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors | Test 10 | |
| 13-Dec-2026Sunday | Self Revision / Backlog Cover | — | |
| 14-Dec-2026Monday | IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors | Test 10 | |
| 15-Dec-2026Tuesday | IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors | Test 10 | |
| 16-Dec-2026Wednesday | Comprehensive Examples – IAS 8 | Test 10 | |
| 17-Dec-2026Thursday | IAS 1 Presentation of Financial Statements | Test 11 | |
| 18-Dec-2026Friday | IAS 1 Presentation of Financial Statements | Test 11 | |
| 19-Dec-2026Saturday | IAS 1 Presentation of Financial Statements | Test 11 | |
| 20-Dec-2026Sunday | Self Revision / Backlog Cover | — | |
| 21-Dec-2026Monday | IAS 1 Presentation of Financial Statements | Test 11 | |
| 22-Dec-2026Tuesday | IAS 1 Presentation of Financial Statements | Test 11 | |
| 23-Dec-2026Wednesday | Comprehensive Examples – IAS 1 | Test 11 | |
| 24-Dec-2026Thursday | Accounting for NPOs | Test 12 | |
| 25-Dec-2026Friday | Accounting for NPOs | Test 12 | |
| 26-Dec-2026Saturday | Accounting for NPOs | Test 12 | |
| 27-Dec-2026Sunday | Self Revision / Backlog Cover | — | |
| 28-Dec-2026Monday | Accounting for NPOs | Test 12 | |
| 29-Dec-2026Tuesday | Accounting for NPOs | Test 12 | |
| 30-Dec-2026Wednesday | Accounting for NPOs | Test 12 | |
| 31-Dec-2026Thursday | Comprehensive Examples – NPOs | Test 12 | |
| 01-Jan-2027Friday | IAS 7 Statement of Cash Flows | Test 13 | |
| 02-Jan-2027Saturday | IAS 7 Statement of Cash Flows | Test 13 | |
| 03-Jan-2027Sunday | Self Revision / Backlog Cover | — | |
| 04-Jan-2027Monday | IAS 7 Statement of Cash Flows | Test 13 | |
| 05-Jan-2027Tuesday | IAS 7 Statement of Cash Flows | Test 13 | |
| 06-Jan-2027Wednesday | IAS 7 Statement of Cash Flows | Test 13 | |
| 07-Jan-2027Thursday | IAS 7 Statement of Cash Flows | Test 13 | |
| 08-Jan-2027Friday | IAS 7 Statement of Cash Flows | Test 13 | |
| 09-Jan-2027Saturday | Comprehensive Examples – IAS 7 | Test 13 | |
| 10-Jan-2027Sunday | Self Revision / Backlog Cover | — | |
| 11-Jan-2027Monday | Full revision: Ch 1 IAS 20 Government Assistance and Grants | — | |
| 12-Jan-2027Tuesday | Full revision: Ch 2 IAS 23 Borrowing Costs | — | |
| 13-Jan-2027Wednesday | Full revision: Ch 3 IAS 16 Property, Plant and Equipment | — | |
| 14-Jan-2027Thursday | Full revision: Ch 4 IAS 40 Investment Property | — | |
| 15-Jan-2027Friday | Full revision: Ch 5 IAS 36 Impairment of Assets | — | |
| 16-Jan-2027Saturday | Full revision: Ch 6 Interpretation of Financial Statements; Ch 7 IAS 41 Agriculture | — | |
| 17-Jan-2027Sunday | Self Revision / Backlog Cover | — | |
| 18-Jan-2027Monday | Full revision: Ch 8 Statement of Changes in Equity | — | |
| 19-Jan-2027Tuesday | Full revision: Ch 9 Conceptual and Regulatory Framework | — | |
| 20-Jan-2027Wednesday | Full revision: Ch 10 IAS 8 Accounting Policies and Estimates | — | |
| 21-Jan-2027Thursday | Full revision: Ch 11 IAS 1 Presentation of Financial Statements | — | |
| 22-Jan-2027Friday | Full revision: Ch 12 Accounting for NPOs; Ch 13 IAS 7 Statement of Cash Flows | — | |
| 23-Jan-2027Saturday | Timed ICAP Past Paper 1 + marking and error log | Past Paper | |
| 24-Jan-2027Sunday | Self Revision / Backlog Cover | — | |
| 25-Jan-2027Monday | Integrated revision: hardest topics, MCQs, written practice and examiner comments | — | |
| 26-Jan-2027Tuesday | Timed ICAP Past Paper 2 + marking and error log | Past Paper | |
| 27-Jan-2027Wednesday | SC E-Learning full syllabus mock + solution analysis | Full Mock | |
| 28-Jan-2027Thursday | Integrated revision: hardest topics, MCQs, written practice and examiner comments | — | |
| 29-Jan-2027Friday | Timed ICAP Past Paper 3 + marking and error log | Past Paper | |
| 30-Jan-2027Saturday | Formula sheets / key standards / statutory provisions + repeated mistakes | — | |
| 31-Jan-2027Sunday | Self Revision / Backlog Cover | — |
SC E-LEARNING
CAF 1 Comprehensive Test Series
Test 1IAS 20 Government Assistance and Grants
Test 2IAS 23 Borrowing Costs
Test 3IAS 16 Property, Plant and Equipment
Test 4IAS 40 Investment Property
Test 5IAS 36 Impairment of Assets
Test 6Interpretation of Financial Statements
Test 7IAS 41 Agriculture
Test 8Statement of Changes in Equity
Test 9Conceptual & Regulatory Framework
Test 10IAS 8 Accounting Policies, Estimates and Errors
Test 11IAS 1 Presentation of Financial Statements
Test 12Accounting for NPOs
Test 13IAS 7 Statement of Cash Flows
Test 14Full Book MCQs
Test 15Full Book
Mid 1Syllabus will be announced in January 2027
Mid 2Syllabus will be announced in January 2027
Final Preparation Resources
Before the final exam, attempt at least 2–3 past papers in one sitting each under exam conditions, review mistakes and revisit weak areas.