Description
Prepare confidently for the ICAP CAF-1 examination with A Handbook of Financial Accounting and Reporting – CAF-1, 16th Edition, prepared by The Professionals’ Academy of Commerce (PAC) and published by Ishfaq Publishing Company. Updated according to the ICAP Education Scheme 2025 and syllabus updates up to March 2026, this comprehensive study guide is designed to help CA students strengthen their accounting concepts, practise exam-style questions, and improve their examination performance.
Authored by Dr. Hafiz Tahir, PhD, FCCA, FCA, an experienced accounting educator with over 27 years of teaching experience, this handbook combines study material, solved practice questions, examiner comments, MCQs, and ICAP past papers in one comprehensive resource.
Whether you are revising International Accounting Standards (IAS), practising objective questions, or preparing for your CAF-1 examination, this 16th edition provides structured, topic-wise preparation aligned with the latest syllabus requirements.
Key Features
- Latest 16th Edition: Updated according to the ICAP Education Scheme 2025 and syllabus updates issued in March 2026.
- Comprehensive Study Material: Covers essential topics in Financial Accounting and Reporting for CAF-1.
- Solved Practice Questions: Strengthen your understanding through questions with solutions.
- ICAP Past Papers: Includes past examination questions updated through the Spring 2026 attempt.
- Examiner Comments: Gain insights into examination expectations and common areas for improvement.
- Topic-Wise MCQs: Practise additional multiple-choice questions included at the end of each chapter.
- Past Paper Statistics: Includes topic-wise statistics of ICAP past papers from 2002 to Spring 2025.
- Improved Presentation: Updated formatting and corrected identified errors for a better study experience.
- Experienced Author: Prepared by an accounting and finance expert with extensive teaching and professional experience.
Table of Contents
The handbook covers the following topics:
- IAS 20 – Government Assistance and Grants
- IAS 23 – Borrowing Costs
- IAS 16 – Property, Plant and Equipment
- IAS 40 – Investment Property
- IAS 36 – Impairment of Assets
- IAS 41 – Agriculture
- Statement of Changes in Equity
- Conceptual and Regulatory Framework for Financial Reporting
- IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors
- IAS 1 – Presentation of Financial Statements
- Accounting for Not-for-Profit Organisations (NPOs)
- IAS 7 – Statement of Cash Flows
- Mixed IAS Topics – IAS 16, IAS 20, IAS 23, IAS 36 and IAS 40
- Interpretation of Financial Statements
Additional exam practice: ICAP past papers from Spring 2026 to Autumn 2024.
About the Author – Dr. Hafiz Tahir
Dr. Hafiz Tahir holds a PhD in Accounting and Finance and is a fellow member of ACCA-UK and the Institute of Chartered Accountants of Pakistan (ICAP). With more than 27 years of teaching experience, he has helped students develop a strong understanding of financial accounting and reporting.
He has extensive corporate experience and has conducted training workshops and seminars on budgeting, leases, internal controls, financial reporting, and auditing. He has authored 17 books on accounting and finance, which are widely used by students, teachers, and professionals. His students have also achieved gold medals and certificates of merit in ICAP examinations.
Who Should Buy This Book?
- ICAP CA students preparing for the CAF-1 examination.
- Students following the ICAP Education Scheme 2025.
- Candidates seeking solved questions, MCQs, and past paper practice.
- Students who want to improve their understanding of IAS and financial reporting concepts.
- CA students looking for comprehensive, topic-wise exam preparation material.
Product Details
- Book Title: A Handbook of Financial Accounting and Reporting
- Subject: CAF-1 – Financial Accounting and Reporting
- Edition: 16th Edition
- Edition Date: March 2026
- Syllabus: ICAP Education Scheme 2025
- Prepared By: The Professionals’ Academy of Commerce (PAC)
- Author: Dr. Hafiz Tahir, PhD, FCCA, FCA
- Publisher: Ishfaq Publishing Company
- Category: CA / ICAP Exam Preparation Books
Order A Handbook of Financial Accounting and Reporting CAF-1
Get ready for your ICAP CAF-1 examination with updated study material, solved practice questions, MCQs, and past paper preparation in one handbook.
Order online from CBP Books and get the study resources you need for your CA examination preparation.
Reviews
There are no reviews yet.