SC E-LEARNING • CFAP EXAM RESOURCE • AUTUMN 2026
CFAP 1 — Past Paper Analysis
Advanced Corporate Reporting | June 2015 – September 2026
Understand past examination trends, practise relevant questions and prepare with a structured revision approach.
1. Topic-wise marks distribution (all 23 attempts)
Historical marks have been grouped by the major category under which each question was listed. Mixed-standard questions contain several standards; their marks are shown under the Multiple Standards category rather than counted again against each individual standard.
| Topic | Total marks | Share | Attempts | Questions | Study focus |
|---|---|---|---|---|---|
| Consolidation | 637 | 27.7% | 23/23 | 28 | Essential |
| Multiple Standards | 592 | 25.7% | 18/23 | 28 | Essential |
| IAS 12 — Income Taxes | 196 | 8.5% | 10/23 | 10 | High |
| Miscellaneous | 189 | 8.2% | 12/23 | 19 | Medium |
| Financial Instruments | 187 | 8.1% | 14/23 | 15 | High |
| Specialized Accounts | 177 | 7.7% | 18/23 | 21 | Medium |
| IFRS 16 — Leases | 89 | 3.9% | 6/23 | 6 | High in mixed questions |
| IFRS 15 — Revenue | 76 | 3.3% | 6/23 | 6 | High in mixed questions |
| IAS 36 — Impairment | 62 | 2.7% | 5/23 | 5 | Medium |
| IFRS 2 — Share-based Payment | 59 | 2.6% | 6/23 | 6 | High in mixed questions |
| IAS 19 — Employee Benefits | 25 | 1.1% | 2/23 | 2 | Mixed-question practice |
| IFRS 5 — Held for Sale | 11 | 0.5% | 2/23 | 2 | Mixed-question practice |
2. Recent examination trend (2023–2026)
Marks assigned to selected major categories in each paper. A dash means no separately allocated marks in that category; the topic may still be tested within a mixed-standard question.
| Attempt | Consol. | Mixed | IAS 12 | Other / Misc. | FI | Special. | IFRS 15 | IAS 36 | IFRS 2 |
|---|---|---|---|---|---|---|---|---|---|
| Sep 2026 | 25 | 59 | 16 | — | — | — | — | — | — |
| Jun 2026 | 25 | 25 | 20 | — | 22 | — | — | 8 | — |
| Dec 2025 | 25 | 17 | 22 | 20 | 16 | — | — | — | — |
| Jun 2025 | 25 | 65 | — | 10 | — | — | — | — | — |
| Dec 2024 | 40 | 16 | 21 | 10 | 13 | — | — | — | — |
| Jun 2024 | 25 | 15 | 21 | 16 | — | 6 | 8 | 9 | — |
| Dec 2023 | 25 | 50 | — | — | 7 | 10 | 8 | — | — |
| Jun 2023 | 25 | 46 | — | 4 | — | 6 | 6 | — | 13 |
3. Selected past-paper practice questions
Use these identifiable historical questions for timed practice. Question numbers and marks reflect the provided past-paper index.
| Attempt | Question | Case | Coverage | Marks |
|---|---|---|---|---|
| Sep 2026 | Q3 | Capricorn Holdings Limited | Consolidated statement of financial position | 25 |
| Jun 2026 | Q1 | Hormuz Limited | Consolidated statement of comprehensive income | 25 |
| Dec 2025 | Q1 | Duck Limited | Consolidated statement of financial position | 25 |
| Jun 2025 | Q1 | Bed Limited | Step acquisition and disposal | 25 |
| Dec 2024 | Q2, Q3 | Alphonso / Chaunsa Limited | Group cash flows and foreign subsidiary | 40 |
| Sep 2026 | Q1 | Virgo Limited | Lease modification, IAS 21, IFRS 2 | 25 |
| Sep 2026 | Q2 | Pisces Industries Limited | IFRS 13 and IAS 36 | 11 |
| Sep 2026 | Q4 | Leo Tech Limited | IFRS 9 hedge accounting and IFRS 15 | 23 |
| Jun 2026 | Q2 | Suez Limited | IFRS 2, IFRS 9 and IFRS 16 | 25 |
| Jun 2025 | Q2, Q3, Q5 | Table / Workstation / Recliner Limited | Multiple IFRS and IAS standards | 65 |
| Sep 2026 | Q5 | Gemini Manufacturing Limited | IAS 12 tax with reporting adjustments | 16 |
| Jun 2026 | Q3 | Davis Limited | IAS 12 | 20 |
| Dec 2025 | Q5 | Seagull Limited | IAS 12 | 22 |
| Dec 2024 | Q1 | Saroli Limited | IAS 12 with IAS 16, IFRS 16 and IFRS 15 | 21 |
| Jun 2026 | Q4 | Yucatan Components Limited | IAS 32 and IFRS 9 | 22 |
| Dec 2025 | Q2 | Guillemot Limited | FVOCI debt investment and compound FI | 16 |
| Dec 2025 | Q3 | Penguin Limited | IAS 34 and ethics | 20 |
| Jun 2024 | Q3 | Saucer Insurance Limited | Life insurance reporting | 6 |
| Jun 2024 | Q4(a) | Masher Limited | IFRS 15 returns and contract modification | 8 |
| Jun 2024 | Q4(b) | Peeler Limited | IAS 36 CGU impairment | 9 |
4. How to prioritise CFAP 1 revision
5. Suggested four-week practice plan
| Week | Focus | Practice approach |
|---|---|---|
| 1 | Consolidation | Timed group accounts questions, including SOFP, SOCI and SOCF |
| 2 | IFRS / IAS mixed questions | Practise integrated standards and explain each accounting treatment |
| 3 | IAS 12, financial instruments and specialized areas | Solve question sets and review weak concepts |
| 4 | Past papers and final revision | Full timed attempts, error log and focused re-attempts |
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Source note: Historical topic allocations and past-paper question references are adapted from the supplied IQ School of Finance past-paper analysis (compiled by Murtaza Quaid, updated Autumn 2026). Study priorities and revision guidance are prepared by SC E-Learning. Past trends do not guarantee future exam coverage. This is an independent educational resource, not an official ICAP paper prediction.