CAF Test Schedule
Spring 2027 subject-wise test coverage in a clean tabular format. Mid 1 covers the first half and Mid 2 covers the second half; the exact mid syllabus will be announced one month before the paper.
CAF 1
Financial Accounting & Reporting
Spring 2027 Test Schedule
| Test | Coverage |
|---|---|
| Test 1 | IAS 20 — Government Assistance and Grants |
| Test 2 | IAS 23 — Borrowing Costs |
| Test 3 | IAS 16 — Property, Plant and Equipment |
| Test 4 | IAS 40 — Investment Property |
| Test 5 | IAS 36 — Impairment of Assets |
| Test 6 | Interpretation of Financial Statements |
| Test 7 | IAS 41 — Agriculture |
| Test 8 | Statement of Changes in Equity |
| Test 9 | Conceptual and Regulatory Framework for Financial Reporting |
| Test 10 | IAS 8 — Accounting Policies, Changes in Accounting Estimates and Errors |
| Test 11 | IAS 1 — Presentation of Financial Statements |
| Test 12 | Accounting for NPOs |
| Test 13 | IAS 7 — Statement of Cash Flows |
| Test 14 | Full Book MCQs |
| Test 15 | Full Book |
| Mid 1 — First Half | First half of syllabus. Exact syllabus will be announced one month before the paper. |
| Mid 2 — Second Half | Second half of syllabus. Exact syllabus will be announced one month before the paper. |
CAF 2
Taxation Principles & Compliance
Spring 2027 Test Schedule
| Test | Coverage |
|---|---|
| Test 1 | Chapter 5 — Salary |
| Test 2 | Chapters 1 & 6 — System of Taxation in Pakistan + Income from Property |
| Test 3 | Chapters 7 & 8 — Income from Business |
| Test 4 | Chapter 9 — Capital Gains |
| Test 5 | Chapter 10 — Income from Other Sources |
| Test 6 | Chapter 11 — Losses, Deductible Allowances, Tax Credits and Exemptions |
| Test 7 | Chapter 12 — Taxation of Individual and Association of Persons |
| Test 8 | Chapters 4 & 13 — Basic Concepts of Taxation + Foreign Source Income |
| Test 9 | Chapters 2 & 3 — Constitutional Provisions on Taxes + Ethics |
| Test 10 | Chapters 14 & 15 — Returns + Assessment, Records and Audit |
| Test 11 | Chapter 16 — Appeals, References and Petitions |
| Test 12 | Sales Tax Complete Theory |
| Test 13 | Sales Tax Numerical |
| Test 14 | Complete Sales Tax — Theory + Numerical |
| Final Mock | Full Book |
| Mid 1 — First Half | First half of syllabus. Exact syllabus will be announced one month before the paper. |
| Mid 2 — Second Half | Second half of syllabus. Exact syllabus will be announced one month before the paper. |
CAF 3
Data, Systems & Risks
Spring 2027 Test Schedule
| Test | Coverage |
|---|---|
| Test 1 | Ch 1 Types of Data and Sources + Ch 2 Data Governance and Management |
| Test 2 | Ch 3 Introduction to Data Analytics + Ch 4 Big Data |
| Test 3 | Ch 5 Database Management Systems + Ch 6 Database Normalization & Data Warehousing |
| Test 4 | Chapter 7 — IT Systems Architecture |
| Test 5 | Chapter 8 — Enterprise Resource Planning Systems |
| Test 6 | Chapter 9 — Emerging Technologies |
| Test 7 | Chapter 10 — Artificial Intelligence & Automation |
| Test 8 | Ch 11 Cloud Computing + Ch 12 Blockchain and Fintech |
| Test 9 | Ch 13 Digital Disruption + Ch 14 IT Risk Management & Security |
| Test 10 | Chapter 15 — Cyber Security & Information Security Risks |
| Test 11 | Ch 16 IT General Controls + Ch 17 ICT’s Role in Risk Management |
| Test 12 | Grid A Data Comprehensive Test — Ch 1 to 6 |
| Test 13 | Grid B Systems Comprehensive Test — Ch 7 to 13 |
| Test 14 | Grid C Risks Comprehensive Test — Ch 14 to 17 |
| Test 15 | Full Book Mock |
| Mid 1 — First Half | First half of syllabus. Exact syllabus will be announced one month before the paper. |
| Mid 2 — Second Half | Second half of syllabus. Exact syllabus will be announced one month before the paper. |
CAF 4
Business Law Dynamics
Spring 2027 Test Schedule
| Test | Coverage |
|---|---|
| Volume I — Business Law | |
| Test 1 | Ch 1 — Introduction to the Legal System |
| Test 2 | Ch 2 & 3 — Offer, Acceptance and Revocation + Validity of Contracts and Agreements |
| Test 3 | Ch 4 — Free Consent and Void Agreements |
| Test 4 | Ch 5 — Performance of Contracts |
| Test 5 | Ch 6 & 7 — Consequences for Breach of Contract + Special Type of Contracts |
| Test 6 | Ch 8 — Partnership |
| Test 7 | Ch 9 — Negotiable Instruments |
| Test 8 | Ch 10 — Anti-Money Laundering and Arbitration Act |
| Volume II — Company Law | |
| Test 9 | Ch 1 & 2 — Introduction and Types of Companies + Memorandum and Articles |
| Test 10 | Ch 3 & 4 — Directors + Chief Executive and Other Officers |
| Test 11 | Ch 5 & 6 — Share Capital and Commencement of Business + Mortgages and Charges |
| Test 12 | Ch 7 — Meetings and Resolutions |
| Test 13 | Ch 8 & 9 — Distribution of Profits + Investments and Disclosure of Interest |
| Test 14 | Ch 10 — Accounts and Annual Return |
| Mid 1 — First Half | First half of syllabus. Exact syllabus will be announced one month before the paper. |
| Mid 2 — Second Half | Second half of syllabus. Exact syllabus will be announced one month before the paper. |
| Mock | Full Book |
CAF 5
Management Accounting
Spring 2027 Test Schedule
| Test | Coverage |
|---|---|
| Test 1 | Chapter 2 — Overheads |
| Test 2 | Chapter 1 — Inventory Valuation |
| Test 3 | Chapter 15 — Decision Making Techniques |
| Test 4 | Chapter 16 — Inventory Management |
| Test 5 | Ch 7 Process Costing + Ch 8 Joint and By-product Costing |
| Test 6 | Chapter 3 — Activity Based Costing |
| Test 7 | Chapter 13 — Cost-Volume-Profit Analysis |
| Test 8 | Chapter 5 — Cost Flow in Production |
| Test 9 | Ch 10 Standard Costing + Ch 11 Variance Analysis |
| Test 10 | Chapter 4 — Labour Costing |
| Test 11 | Chapter 14 — Relevant Costs |
| Test 12 | Chapter 6 — Job and Service Costing |
| Test 13 | Chapter 12 — Target Costing |
| Test 14 | Chapter 9 — Marginal Costing and Absorption Costing |
| Test 15 | Full Book |
| Mid 1 — First Half | First half of syllabus. Exact syllabus will be announced one month before the paper. |
| Mid 2 — Second Half | Second half of syllabus. Exact syllabus will be announced one month before the paper. |
CAF 6
Corporate Reporting
Spring 2027 Test Schedule
| Test | Coverage |
|---|---|
| Test 1 | Chapter 2 — Financial Instruments |
| Test 2 | Chapter 4 — IAS 21 Foreign Currency Transactions |
| Test 3 | Chapter 1 — IAS 10, IAS 37 & IFRIC 1 |
| Test 4 | Chapter 8 — Regulatory Framework of Accounting |
| Test 5 | Chapter 3 — IFRS 16 Leases |
| Test 6 | Chapter 6 — IFRS 8 Operating Segments |
| Test 7 | Chapter 12 — IAS 38 Intangible Assets |
| Test 8 | Chapter 13 — Ethical Issues in Financial Reporting |
| Test 9 | Chapter 5 — IFRS 15 Revenue from Contracts with Customers |
| Test 10 | Chapter 7 — IAS 12 Income Taxes |
| Test 11 | Chapter 9 — Consolidation |
| Test 12 | Chapter 10 — Investment in Associate |
| Test 13 | Chapter 14 — ESG and Sustainability + Full Book MCQs |
| Test 14 | Chapter 11 — IAS 33 Earnings Per Share |
| Test 15 | Full Book |
| Mid 1 — First Half | First half of syllabus. Exact syllabus will be announced one month before the paper. |
| Mid 2 — Second Half | Second half of syllabus. Exact syllabus will be announced one month before the paper. |
CAF 7
Business Insights & Analysis
Spring 2027 Test Schedule
| Test | Coverage |
|---|---|
| Test 1 | Chapters 1, 2 and 3 |
| Test 2 | Chapter 4 |
| Test 3 | Chapter 4 — Competitive Forces |
| Test 4 | Chapter 5 — Internal Analysis |
| Test 5 | Chapter 6 — Ethical Decision-Making Models |
| Test 6 | Chapter 8 — Sources of Finance |
| Test 7 | Chapters 1 to 7 |
| Test 8 | Chapter 9 — Cost of Finance |
| Test 9 | Chapter 10 — Financial Risk Management |
| Test 10 | Chapter 11 — Budgeting |
| Test 11 | Chapter 12 — Working Capital Management |
| Test 12 | Chapter 13 — Introduction to Project Appraisal |
| Test 13 | Chapters 11, 12 and 13 |
| Test 14 | Full Book MCQs |
| Test 15 | Full Book Analysis |
| Mid 1 — First Half | First half of syllabus. Exact syllabus will be announced one month before the paper. |
| Mid 2 — Second Half | Second half of syllabus. Exact syllabus will be announced one month before the paper. |
CAF 8
Audit & Assurance Essentials
Spring 2027 Test Schedule
| Test | Coverage |
|---|---|
| Test 1 | Chapter 1 — Concept and Need for Assurance |
| Test 2 | Chapter 2 — Obtaining an Engagement |
| Test 3 | Chapter 3 — Planning and Risk Assessment |
| Test 4 | Chapter 4 — Evidence and Sampling |
| Test 5 | Chapter 5 — Internal Control |
| Test 6 | Chapter 6 — Tests of Controls |
| Test 7 | Chapter 7 — Introduction to Substantive Procedures |
| Test 8 | Chapter 8 — Substantive Procedures: Non-current Assets |
| Test 9 | Chapters 9 & 10 — Current Assets + Other Areas |
| Test 10 | Chapter 11 — Related Party Transactions |
| Test 11 | Chapter 12 — Reliance on Others |
| Test 12 | Chapter 13 — Professional Ethics and Codes of Conduct |
| Test 13 | Chapter 14 — Audit Finalisation: Reporting |
| Test 14 | Chapters 15 & 16 — Final Evaluation + Review and Sustainability Assurance Engagements |
| Mid 1 — First Half | First half of syllabus. Exact syllabus will be announced one month before the paper. |
| Mid 2 — Second Half | Second half of syllabus. Exact syllabus will be announced one month before the paper. |
| Mock | Full Book |
Important Note
Test numbers indicate the SC E-Learning test-series sequence. Complete the relevant chapter coverage before attempting each test. Review mistakes and revisit weak areas after every test.