CFAP-01 Advanced Corporate Reporting
Current subject overview based on ICAP’s Autumn 2026 CFAP syllabus.
StageCFAP
Learning Hours147–177
Syllabus BasisAutumn 2026
Advanced Corporate Reporting develops advanced IFRS application, group reporting and judgment in specialized financial reporting areas.
Official Syllabus Structure
| Area | Weightage | What It Covers |
|---|---|---|
| Financial Reporting for Groups | 30–40% | Consolidated financial statements, group reporting and interpretation of financial reports. |
| Essential Financial Transactions & Ethics | 30–40% | Financial instruments, revenue, income taxes and professional ethics. |
| Specialized & Other Financial Reporting | 25–35% | Impairment, employee benefits, share-based payments, fair value, leases and specialized reporting areas. |
Key Areas to Prepare
- Consolidated Financial Statements
- IFRS 9 Financial Instruments
- IFRS 15 Revenue
- IAS 12 Income Taxes
- IAS 36 Impairment
- IFRS 2 Share-based Payment
- IFRS 13 Fair Value
- IFRS 16 Leases
- Specialized sector reporting
- Professional ethics
How to Study This Paper
Do not study standards in isolation. Practise integrated scenarios, group accounts and explanation-based requirements together.
CFAP 1 Past Paper Analysis (2015–2026)
Explore 23 previous examination attempts: Review topic-wise marks distribution, recent paper trends, selected past-paper questions and a four-week revision plan in easy-to-read tables. View CFAP 1 Past Paper Analysis →
Important: ICAP may update examinable laws, standards and study material. Always check the applicable official material for your attempt.