Syllabus: Winter 2016 and Spring 2017

SYLLABUS
Winter 2016 and Spring 2017
SYLLABUS
Against each content of the syllabus, the given number shows the level of understanding expected by
the Institute.
The levels are explained as under:
Level 1
The competency of this level requires understanding and awareness of the subject matter and related
concepts. The persons will be expected to have ability to understand the nature of basic concepts.
Level 2
The competency of this level requires good understanding and detailed evaluation of the subject matter
and related concepts, along with the ability to apply concepts and skills in simple professional scenario.
The persons will be expected to have ability to provide reasonable justification and logical explanation
to support their professional judgment and decision making.
Level 3
The competency of this level requires in-depth understanding of the subject matter and related
concepts. The person will be expected to have ability to critically examine and evaluate all concepts and
available information to make firm professional judgments and make decisions.
SYLLABUS SPRING 2017
TABLE OF CONTENTS
Syllabus
Page No.
ASSESSMENT OF FUNDAMENTAL COMPETENCIES

AFC-1
FUNCTIONAL ENGLISH
AFC-2
BUSINESS COMMUNICATION
AFC-3
QUANTITATIVE METHODS
AFC-4
INTRODUCTION TO INFORMATION TECHNOLOGY
17
CERTIFICATE IN ACCOUTING AND FINANCE

CAF-1
INTRODUCTION TO ACCOUNTING
22
CAF-2
INTRODUCTION TO ECONOMICS AND FINANCE
27
CAF-3
BUSINESS LAW
38
CAF-4
BUSINESS MANAGEMENT AND BEHAVIORAL STUDIES
51
CAF-5
FINANCIAL ACCOUNTING AND REPORTING I
59
CAF-6
PRINCIPLES OF TAXATION
65
CAF-7
FINANCIAL ACCOUNTING AND REPORTING II
71
CAF-8
COST AND MANAGEMENT ACCOUNTING
77
CAF-9
AUDIT AND ASSURANCE
85
PCSC-01
PRESENTATION AND COMMUNICATION SKILLS COURSE - I
98
PCSC-02
PRESENTATION AND COMMUNICATION SKILLS COURSE - II
99
AFC-1
*FUNCTIONAL ENGLISH
Objective
To ensure that candidates can communicate effectively in the English language.
Learning Outcome
On the successful completion of this paper candidates will be able to:
1
use a range of vocabulary correctly
2
construct sentences using correct grammar
3
demonstrate the ability of speed reading and comprehension.
Grid
Vocabulary
Practical use of Grammar
Comprehension and Speed reading (General)
Total
Syllabus
Ref
Contents
Vocabulary
1
Meanings and application of vocabulary

listed on:
a: The Oxford 3000- Seventh Edition,
and
b: Any other list as the Institute may
provide at any time before the conduct of
Examination.
Level
Weighting
15-20
20-25
10-15
50
Learning Outcome
LO1.1.1: Comprehend the role that

language plays in different contexts
LO1.1.2: Identify the correct meaning
of the word and use synonyms or
antonyms for the given words in a
sentence
LO1.1.3: Construct meaningful
sentences using the prescribed word
list.
LO2.1.1: Suggest the use of verb,
adverb, noun, pronoun, adjective,
preposition, conjunction and
interjection in constructing sentences.
LO2.2.1: Understand and determine
declarative, interrogative, imperative,
exclamatory and optative sentences
LO2.2.2: Understand and identify
simple, compound, complex, multiple
and conditional sentences
Practical use of Grammar

1
Parts of speech
Rules of sentences
Phrases and idioms
Tenses
Direct and indirect speech
Active and passive voice
Punctuation
LO2.3.1: Construct meaningful

sentences using commonly used
phrases and idioms.
LO2.4.1: Understand and apply rules of
tenses in sentences.
LO2.5.1: Understand the difference
between direct and indirect speech
LO2.5.2: Use direct speech with the
correct punctuations and various
reporting verbs
LO2.5.3: Identify the changes incidental
to the transformation of direct speech
to indirect speech.
LO2.6.1: Change the active voice to
passive voice and passive voice to
active voice.
LO2.7.1: Determine the appropriate use
of capital letter, question mark,
exclamation mark, full stop, semi-colon,
comma, colon, apostrophe, quotation
marks, brackets, dash, hyphen and
ellipsis.
Comprehension and Speed reading

(General)
1
Comprehension
Speed reading
LO3.1.1: Comprehend a brief write up

and answer questions based on that
write up.
LO3.2.2: Assimilate the key contents of
a lengthy write up and answer
questions based on that write up.
Note: *Syllabus has been revised in 264th meeting of the Council held on May 8th and 9th, 2015.
AFC-2
*BUSINESS COMMUNICATION
Objective
To ensure that candidates can communicate effectively while performing their professional
responsibilities.
Learning Outcome
1 comprehend concepts of business communication
2 demonstrate awareness of intra-personal and interpersonal skills
3 understand formats of basic business messages and message-writing etiquette
4 understand the utility of the internet with respect to business communication.
Grid
Concepts
Intra-personal and Interpersonal skills
Communication via the internet
Total
Syllabus
Ref
Contents
Concepts
Level
Introduction to business communication
Communication process
Weighting
10-15
20-25
10-15
50
Learning Outcome
LO1.1.1: Define business

communication
LO1.1.2: Describe with simple examples
the goals, patterns (formal and
informal), and channels of business
communication.
LO1.2.1: Define communication
process
LO1.2.2: Explain and illustrate the
components of the communication
process, namely: context, sender,
message, medium, recipient and
feedback
LO1.2.3: Identify the information needs
of the organisation and its sources,
levels and usefulness for effective
communication
Syllabus
Ref
Contents
Seven Cs of effective communication
Level
Learning Outcome
LO1.2.4: Explain with simple examples
the barriers to effective communication
LO1.2.5: Describe different methods of
communication and also state its
appropriate medium
LO1.2.6: Classify different types of
communication networks and describe
their influence on the communication
process within an organisation.
the seven Cs of effective
communication
LO1.3.2: Identify weaknesses in a given
simple communication process applying
the Seven Cs concept and suggest
corrections.
Intra-personal and Inter-personal skills

1
Nature of Intra-personal communication
Nature of Interpersonal communication
Critical Thinking
LO2.1.1: Develop an awareness and

appreciation of the importance of intrapersonal communication
LO2.1.2: Identify the basic aspects of
intra-personal communication including
self-concept, perception and
expectation.
LO2.2.1: Identify the axioms of
interpersonal communication
LO2.2.2: Specify the purposes of
interpersonal communication
LO2.2.3: Determine the role of
stereotypes in the communication
process
LO2.2.4: Identify the role of
communication conflict in intercultural
relationships
LO2.2.5: Explain the key ways to
improve interpersonal skills
LO2.2.6: Identify the elements and
traits of ethics in interpersonal
communication.
LO2.3.1: Explain the difference
between creative thinking and critical
thinking
LO2.3.2: Assess the effect of critical
thinking over communication.
Syllabus
Ref
4
Contents
Level
Non-verbal communication
Verbal communication
Visual communication
Written communication
Learning Outcome
LO2.4.1: Identify forms of non-verbal
communication including facial
expressions, posture, gestures, eye
contact, voice and touch
LO2.4.2: Explain the uses of non-verbal
messages.
LO2.5.1: Contrast between oral and
written communication
LO2.5.2: Explain and account for the
basic forms of oral communication
including face to face communications,
interviews, telephone conversations,
grapevine, negotiations, meetings and
lecture/speech
LO2.5.3: Contrast between speaking
and listening skills
LO2.5.4: Develop a personal,
constructive approach to dealing with
conflict situations through speech
communication strategies of conflict
resolution
LO2.5.5: Explain the principles of
preparing and delivering an effective
public speech
LO2.5.6: Explain the importance of
listening in effective business
communication
LO2.5.7: Describe types and barriers to
listening.
LO2.6.1: Assess the role of visual
communication in simplifying and
comparing information and illustrating
trends and ideas.
LO2.7.1: Classify the types of business
letters and circulars
LO2.7.2: Determine the qualities of an
effective letter and circular
LO2.7.3: Describe the different
components of business letter
LO2.7.4: Explain the salient features of
persuasive letters and circulars
LO2.7.5: State the meaning and
purpose of a short business report
Syllabus
Ref
Contents
Level
Learning Outcome
LO2.7.6: Describe the contents of a
business report
LO2.7.7: Differentiate between
different types of reports
LO2.7.8: Explain the contents of
different types of reports.
Communication via the internet

1
Website hosting (types and services)
Types of electronic communication
LO3.1.1: State meaning, types and

services of web hosting.
LO3.2.1: Explain the main features and
practical use of social networking
forums, blogs, podcasting, discussion
boards, messaging, video conferencing
and email
LO3.2.2: Discuss the benefits and
limitations of various types of
electronic communication.
Note: *Syllabus has been revised in 264th meeting of the Council held on May 8th and 9th, 2015.
AFC-3
QUANTITATIVE METHODS
Objective
To develop the ability to apply quantitative methods and statistics to business problems.
Learning Outcome
On completion of this paper the candidate will be able to:
1 understand basic mathematics to build a base for financial analysis and transform business
problems into mathematical equations
2 apply financial mathematics to solve business problems
3 analyse business solutions and identify feasible, alternative optimum and unbounded solutions
using graphical methods
4 evaluate maximised profit, minimised cost and feasible manufacturing quantity by using calculus
5 analyse production planning cases and formulate solutions using matrices
6 present collected data using diagrams, charts and graphs and evaluate common measures of
dispersion and central tendencies
7 evaluate the impact of inflation and rebase numbers using indices
8 use statistical methods in analysing historical data for decision making and estimating future
outcomes
9 explain and apply probability theory
10 explain sampling and explain and carry out tests of significance.
Grid
Mathematics
Basic mathematics
Financial mathematics
Calculus
Matrices and determinants
Statistics
Statistical methods
Methods of least square and regression
Probability and probability distribution
Sampling and decision making
Weighting
10-15
15-25
10-15
10-15
Total
20-25
5-10
5-10
5-10
100
Syllabus
Ref
Contents
Mathematics
Level
Basic mathematics
Exponential and logarithmic functions
Equation of straight line
Application of straight line in business

and economics
Simultaneous equation- linear and

quadratic
Coordinate system
System of linear inequalities and their

graphical presentation
Factorisation of equations including

factorisation by completion of squares
Arithmetic progression
10
Learning Outcome
LO1.1.1: Demonstrate adequate

knowledge of laws of logarithm
LO1.1.2: Make use of logarithms in
solving business problems
LO1.1.3: Perform calculations involving
exponential and logarithmic functions
LO1.1.4: Analyse the behaviour of
business problems involving
exponential and logarithmic functions.
understanding of various forms of the
equation of a straight line.
LO1.3.1: Identify business situations
where the equation of a straight line
could be used
LO1.3.2: Use the equation of a straight
line in relevant business problems.
command of solving simple equations,
including two variable simultaneous
equations and quadratic equations.
LO1.5.1: Demonstrate understanding of
the coordinate system and be able to
prepare graphs of linear equations.
LO1.6.1: Demonstrate an
understanding of linear inequalities
LO1.6.2: Demonstrate the graphical
presentation of linear inequalities.
LO1.7.1: Perform multiplication and
division operations on linear and
quadratic equations
LO1.7.2: Solve quadratic equations by
factoring and by completing the square
method.
LO1.8.1: Identify situations where data
is in arithmetic progression
LO1.8.2: Use arithmetic progression in
business problems to calculate monthly
instalments, first instalment, total
amount paid and total time required
for settlement of a loan etc.
Syllabus
Ref
9
Contents
Geometric progression
Level
2
LO1.9.1: Use geometric progression in

relevant situations.
LO2.1.1: Calculate interest value using
simple interest.
LO2.2.1: Calculate interest value using
compound interest.
LO2.3.1: Calculate the present value of
a future cash sum using both a formula
and tables
LO2.3.2: Calculate the net present
value (NPV) of a project
LO2.3.3: Use NPVs to choose between
mutually exclusive projects.
LO2.4.1: Calculate future values using
both simple and compound interest.
an annuity using both a formula and
tables.
LO2.6.1: Explain with examples the use
of the internal rate of return of a
project.
perpetuity.
Financial mathematics
Simple interest
Compound interest
Present value
Future values
Annuities
Internal rate of return
Interpolation and perpetuities
Linear programming
Graphical solution to linear programming

problems involving redundant
constraints, bounded and unbounded
feasible regions, no feasible solution and
alternative optimum solution
11
Learning Outcome

expertise in transforming a business
problem into a system of linear
programming
LO3.1.2: Identify constraints and cost
minimization or profit maximization
functions
LO3.1.3: Identify the redundant
constraint
LO3.1.4: Use the Corner Point Theorem
LO3.1.5: Prepare a graphical solution of
a linear programming problem
LO3.1.6: Analyse a graphical solution
and identify whether it has a bounded
or an unbounded feasible region or no
feasible solution at all
Syllabus
Ref
Contents
Level
Learning Outcome
LO3.1.7: Analyse the solution of a linear
programming problem and identify
alternative and optimum solutions, if
any exist.
Calculus
Rules for differentiation- Sum, difference,

product and quotient rules of
differentiation
Marginal function, calculation of revenue,
cost and profit of marginal unit
Use of second order derivatives; maxima,

minima and point of inflexion.
Matrices and determinants
Fundamentals of matrices, addition,

subtraction, multiplication, inverse of
matrices
Solution of simultaneous linear equations

using Cramers Rule and Matrix Inverse
Method
LO4.1.1: Demonstrate an adequate

understanding of rules of
differentiation.
LO4.2.1: Make use of differentiation
techniques in determining marginal
functions
LO4.2.2: Calculate revenue, cost and
profit of a marginal unit using
differentiation techniques.
LO4.3.1: Demonstrate the application
of second order derivatives in
calculating maxima, minima and the
point of inflexion.
LO5.1.1: Demonstrate an adequate
knowledge of matrix algebra (addition,
subtraction and multiplication)
LO5.1.2: Calculate the determinant,
adjoint and inverse of a matrix
LO5.1.3: Make use of the properties of
determinants while calculating
determinants.
LO5.2.1: Represent simultaneous linear
equations in matrix form
LO5.2.2: Solve simultaneous linear
equations using Cramers Rule and
Matrix Inverse Method.
Statistics
a
Presentation and use of data
Collection and tabulation of data
12
LO6.1.1: Classify different types of data

LO6.1.2: Perform data collection
through various methods
LO6.1.3: Organise and summarise data
and present it as a frequency
distribution.
Syllabus
Ref
2
Contents
Level
Presentation through graphs, charts and

diagrams, including stem and leaf display,
box and whisker plot
Measures of central tendencies and

measures of dispersions
Index numbers
Index numbers, weighted index numbers,

concept of purchasing power and
deflation of income
Methods of least square and regression
Scatter diagram, linear relationship,

simple linear regression lines by method
of least square
13
Learning Outcome
LO6.2.1: Present data using a simple
bar chart, a multiple bar chart and a
component bar chart
LO6.2.2: Construct pie charts,
histograms, frequency polygons, ogives,
stem and leaf displays and box and
whisker plots
LO6.2.3: Analyse graphical
representations of data.
LO6.3.1: Calculate various measures of
central tendency such as mode,
median, arithmetic, geometric and
harmonic means
LO6.3.2: Analyse the advantages and
disadvantages of various central
tendency measures
LO6.3.3: Identify the characteristics and
measures of dispersion
LO6.3.4: Use measures of dispersion,
such as standard deviation or variance,
to ascertain the degree of variation or
variability in a distribution.
LO7.1.1: Define the index number and

its types
LO7.1.2: Use different
formulae/methods to calculate various
types of index number
LO7.1.3: Analyse the uses and
limitations of index numbers. For
example, use index numbers to deflate
or inflate a series and explain the result.
understanding of scatter diagrams,
including their construction, uses and
limitations
understanding of the basic concept of
regression lines and how they are used
LO8.1.3: Use least squares linear
regression to construct a regression line
(line of best fit)
Syllabus
Ref
Contents
Level
Simple linear correlation
Coefficient of correlation and

determination
Rank correlation
Probability and probability distribution
Counting techniques
Probability
Addition law for mutually exclusive and

non-mutually exclusive events
Multiplicative laws for dependent and

independent events
Binomial distribution
14
Learning Outcome
LO8.1.4: Analyse regression lines
LO8.1.5: Use a regression line to
calculate a forecast of the value of a
dependent variable where the value of
an independent variable is given.
understanding of the basic concept of
correlation coefficient analysis.
LO8.3.1: Calculate and analyse
coefficients of correlation and
determination.
LO8.4.1: Define rank correlation
LO8.4.2: Calculate the rank correlation
coefficient between two sets of data
and explain the value.
LO9.1.1: Use counting techniques, like
the mn counting rule and factorials for
calculating, for example, a total number
of outcomes
LO9.1.2: Use permutations and
combination to calculate the total
number of possible selections from a
set of data.
LO9.2.1: Understand the definition of
probability and other basic terms as
well as their application.
LO9.3.1: Use the addition rule while
calculating probabilities
LO9.3.2: Identify the difference
between mutually exclusive and nonmutually exclusive events.
LO9.4.1: Identify the difference
between dependent and independent
events
LO9.4.2: The use of multiplication rule
while calculating conditional
probabilities.
LO9.5.1: Account for the assumptions
that underlie the Binomial distribution
LO9.5.2: Demonstrate the use of
Binomial distribution to calculate
probabilities.
Syllabus
Ref
6
Contents
Level
Poisson distribution
Hyper-geometric distribution
Normal distribution
Sampling and decision making
Simple random sampling
Sampling distribution of mean
Standard error of mean
Sampling with and without replacement
Testing of hypothesis for population

means, difference between population
means and population proportion and
difference between two population
proportions
15
Learning Outcome
LO9.6.1: Account for the properties of
the Poisson distribution
LO9.6.2: Demonstrate the use of the
Poisson distribution to calculate
probabilities.
LO9.7.1: Identify situations where
Hypergeometric distribution could be
used
Hypergeometric distribution to
calculate probabilities.
normal distribution including the use of
tables
LO9.8.2: Demonstrate the application
of the normal distribution to calculate
probabilities.
LO10.1.1: Understand the terms,
population and sample
LO10.1.2: Explain methods for selecting
a simple random sample.
LO10.2.1: Define and construct a
sampling distribution of the sample
means
LO10.2.2: Calculate the mean and
standard deviation of a sampling
distribution of sampling means.
LO10.3.1: Calculate standard error of
mean.
LO10.4.1: Select an appropriate
sampling technique for calculating the
probabilities of sample means.
hypothesis testing, significance testing
and testing a hypothesis
LO10.5.2: Perform hypothesis test of
population means based on small and
large samples
LO10.5.3: Perform hypothesis tests of
the difference between two population
means based on small and large
samples
Syllabus
Ref
Contents
Level
Single population variance based on test

of Chi-square.
Confidence interval for estimating

population means, proportions and
variance, and differences between
proportion means, proportion and
variance.
Problems of determination of sample size

for the study of population mean and
proportion.
16
Learning Outcome
LO10.5.4: Perform hypothesis tests of
the difference between two population
proportions
LO10.5.5: Select appropriate
distributions i.e., z or t for constructing
a confidence interval for a population
mean.
LO10.6.1: Use the Chi-square
distribution to perform tests of
goodness of fit and independence.
LO10.7.1: Construct the confidence
interval for population means and
difference of means
LO10.7.2: Construct the confidence
interval for population means and
difference of proportion and variance.
LO10.8.1: Calculate a sample size for an
interval estimate of a population mean
LO10.8.2: Calculate a sample size for an
interval estimate of a population
proportion.
AFC-4
INTRODUCTION TO INFORMATION TECHNOLOGY
Objective
To enable candidates to equip themselves with the fundamental skills and proficiency required to cope
with todays highly challenging IT oriented business environment.
Learning Outcome
The candidates will be able to:
1 describe and classify different elements of a computer system
2 describe the basic operations in commonly used operating systems
3 demonstrate performance level knowledge in Microsoft Excel
4 demonstrate performance level knowledge in Microsoft Word
5 demonstrate performance level knowledge in Microsoft PowerPoint.
Grid
Computer hardware and types of operating system
Microsoft Excel
Microsoft Word
Microsoft PowerPoint
Syllabus
Ref
A
Contents
Weighting
3-6
18-22
12-18
8-12
Total
50
Level
Learning Outcome
Computer hardware and operating

systems
1
17
Central Processing Units (CPUs)

processor, hard disk, random access
memory, read-only memory
Input devices Key board, mouse, touch
pads, magnetic ink character reader,
optical mark reader, optical character
reader, barcode reader and electronic
point of sale.
Output devices monitor, printer
LO1.1.1: Explain the role and

importance of basic components of a
CPU.
LO1.2.1: State the uses/benefits and
limitations of common input devices.
LO1.3.1: State the differences between

CRT and LCD/LED monitors
LO1.3.2: Classify different types of
printers and state their relative
advantages and limitations.
Syllabus
Ref
4
Contents
Level
Operating systems DOS, Windows,

Linux
Core Windows tasks customize desktop

and start menus, work with files and
folders, log-on and log-off, search for
information, lock the computer, use a
screen-saver password, reset a password
Learning Outcome
LO1.4.1: State key operating system
commands used for efficient searches,
formatting disks, viewing IP
configurations, testing network
connections and exploring the network.
LO1.5.1: State methods for customizing
desktop presentation and the start
menu
LO1.5.2: Define techniques to work
efficiently with files and folders
LO1.5.3: State efficient ways to search
for required information from active
and archive files
LO1.5.4: State the important
information that could be recorded
whilst a user is logged-in
LO1.5.5: Define basic controls and
practices that should be adopted by
users for safeguarding data stored in
computers.
Microsoft Excel
1
18
Construction of formulae and application

of constructed and built-in functions and
formulae
LO2.1.1: Show clear understanding of

options in the menu bar like File, Home,
Insert, Page Layout, Formulas, Data,
Review and View
LO2.1.2: Demonstrate how to construct
formulae using functions, cell
references, constants and operators
LO2.1.3: Demonstrate how to construct
nested formulae
command and ability to use the
functions like Sum, Sumif, Trunc,
Subtotal, Round, Floor, Ceiling, int,
Mod, Abs, Average, Count, CountA,
Countif, Max, Min, Median, Stdev.S,
Percentile, Rank, IRR, Rate, Effect, PV,
NPV, SLN, Yield, PMT, ACCRINT,
ACCRINTM, COUPDAYS, CUMPRINC,
Vlookup, Hlookup, IF, IFERROR, NOT,
AND, OR, ISBLANK, ISERR, ISERROR,
ISLOGICAL, ISNA, ISNUMBER, ISTEXT,
ISNONTEXT, ISREF, Exact, Trim, Left,
Right, Len, Lower, Upper, Mid, Proper,
Syllabus
Ref
Contents
Level
Creating and modifying customized data

formats
Using conditional formatting
Protecting cells, worksheets and

workbook
Merging workbooks
Importing and exporting data to and from

Excel
19
Learning Outcome
Text, Today, Now, Weekday and
Weeknum.
LO2.2.1: Show how to use multiple
worksheets, and navigate, select,
rename, insert, delete, move, copy and
print worksheets
LO2.2.2: Demonstrate how to move
and copy data between worksheets and
sort, filter, find, replace data and its
formatting as required
LO2.2.3: Use appropriate Excel features
to create customized data formats
LO2.2.4: Modify existing data formats
to enhance readability.
LO2.3.1: Use the conditional formatting
feature to highlight exceptions
Conditional Formatting Rules Manager
LO2.4.1: Perform the steps to protect
certain cells, individual worksheets and
an entire workbook
LO2.4.2: Demonstrate the use of Digital
Signature.
LO2.5.1: Perform the steps to share a
workbook
LO2.5.2: Perform the steps to merge
multiple copies of a shared workbook.
LO2.6.1: Demonstrate ability to store
data directly in an Excel workbook or in
an external data source
LO2.6.2: Demonstrate basic
understanding of creating, editing,
refreshing and finding data connections
in Excel
command on importing data to Excel
from other applications and data
sources
command on exporting data from Excel
to other applications and data sources.
Syllabus
Ref
7
Contents
Creating and editing charts and templates
Level
Learning Outcome
LO2.7.1: Show how to insert/create,

move and resize charts
LO2.7.2: Demonstrate command on
formatting and changing chart types
knowledge in creating and editing Excel
templates.
LO3.1.1: Show clear understanding of

options in the menu bars like File,
Home, Insert, Page Layout, References,
Mailings, Review and View
LO3.1.2: Use various Word features to
present letters, reports and other
documents in a presentable custom
style
command on using Mail Merge feature
to create letters, envelopes, directory
etc.
inserting/creating tables and making
use of pre-defined table style for
improved presentation
editing tables and use of formatting
tools to improve readability of data in
tables
formulas in tables
LO3.2.4: Use Words built-in features to
sort contents saved in tables.
LO3.3.1: Identify the basic formatting
requirements to insert a table of
contents
LO3.3.2: Demonstrate performance
level knowledge to insert and modify a
table of contents.
LO3.4.1: Demonstrate the ability to
make effective use of Track Changes
command
Microsoft Word 2010

1
Creating custom style for text, tables and

lists
Creating and modifying tables
Creating and modifying a table of

contents
Use of Review and Reference tab

commands
20
Syllabus
Ref
Contents
Level
Learning Outcome
level knowledge to insert and modify
bibliography, endnotes, footnotes,
captions, comments & cross references.
Microsoft PowerPoint
1
Creating new presentations from

templates
Inserting and editing text-based content
Inserting, and editing tables, charts,

diagrams, pictures, shapes, graphs and
objects
Running and printing presentations
21
LO4.1.1: Select a template from

PowerPoints sample templates to
construct simple presentations
LO4.1.2: Demonstrate performancelevel knowledge of working with Slide
Masters and Layouts.
LO4.2.1: Perform inserting and editing
of text based content.
level knowledge of inserting and editing
tables, charts and other objects in the
presentation
LO4.3.2: Use appropriate PowerPoint
features to insert and edit pictures,
videos, charts/graphs and other objects
in the presentation.
LO4.4.1: Demonstrate performancelevel knowledge whilst applying
meaningful slide transitions
LO4.4.2: Demonstrate performancelevel knowledge whilst setting up slide
shows, recording slide shows, starting
slide show from beginning or from
current slide, broadcasting slide show
and creating custom slide shows
LO4.4.3: Demonstrate performancelevel knowledge whilst printing Notes
Pages, Hand outs and Slides.
CAF-1
CERTIFICATE IN ACCOUNTING AND FINANCE
INTRODUCTION TO ACCOUNTING
Objective
To enable candidates to equip themselves with the fundamental concepts of accounts needed as a
foundation for higher studies of accounting.
Learning Outcome
1 understand the nature of accounting, elements of accounts and double entry rules
2 identify financial transactions and make journal entries
3 prepare general ledger accounts and a trial balance
4 make period end adjustments prior to the completion of financial statements
5 prepare basic financial statements
6 prepare partnership accounts and understand the concept of goodwill.
Grid
Introduction to accounting and book keeping
Adjustments prior to completion of financial statements
Preparation of final accounts of sole traders
Accounting for partnerships
Total
Syllabus
Ref
A
Contents
Level
Weighting
30-35
25-30
20-25
15-20
100
Learning Outcome
Introduction to accounting and book

keeping
a
Introduction to accounting
Meaning of business
Mode of business organisation (meaning)

- sole proprietorship, partnership, limited
company
22
LO1.1.1: Explain the characteristics of a

business
LO1.1.2: Classify transactions that fall
under the definition of business
transactions.
LO1.2.1: Describe the key features of
sole proprietorship, partnership and
limited company
LO1.2.2: Differentiate amongst the
features of sole proprietorship,
partnership and limited company.
Syllabus
Ref
Contents
Level
Fundamental accounting concepts accrual, consistency, true and fair view,

materiality, prudence, completeness,
going concern, substance over form
Financial statements- components,

responsibility, presentation, users
Bookkeeping
Elements of financial statements

(meaning) - Assets, liabilities, equity,
income, expense
Chart of accounts
Double entry system, accounting

equation and rules of debit and credit
Books of prime entry
23
Learning Outcome
between book-keeping and accounting
LO1.3.2: Understand and apply the
main accounting concepts, namely,
accrual, consistency, and completeness
LO1.3.3: Demonstrate familiarity with
the concepts of true and fair view,
materiality, prudence, going concern
and substance over form.
LO1.4.1: List the components of a set of
financial statements
LO1.4.2: Explain the characteristics and
purpose of the statement of financial
position and the statement of
comprehensive income
LO1.4.3: Describe the basic
presentation layout of statement of
financial position and statement of
comprehensive income
LO1.4.4: Identify users of financial
information and describe how the
information is useful to them.
LO2.1.1: Define and identify examples
of assets, liabilities, equity, income and
expenses
LO2.1.2: Apply the underlying concepts
of assets, liabilities, income and
expenses.
LO2.2.1: Understand the meaning of a
chart of accounts and explain its
purpose.
LO2.3.1: Understand and apply, the
accounting equation (Assets = Liabilities
+ Equity)
LO2.3.2: Identify financial and
nonfinancial transactions in a welldefined scenario
concept of double entry accounting
LO2.4.1: Understand the use of
business documents as source of
information
Syllabus
Ref
Contents
Level
Learning Outcome
LO2.4.2: Describe the basic contents of
the sales day book , sales ledger,
customer/debtors ledger, purchase day
book, purchase journal and purchase
ledger/creditors ledger
LO2.4.3: Understand the use and
format of the cash book and its types
LO2.4.4: Record their respective
entries.
General ledger and trial balance
General ledger
Trial balance
LO3.1.1: Describe the main features of

the general ledger
LO3.1.2: Post entries in the general
ledger
LO3.1.3: Balance the ledger accounts as
required, make transfers to the final
accounts
LO3.2.1: Understand the purpose of the
trial balance
LO3.2.2: Understand and demonstrate
mapping between general ledger
balances and the trial balance
LO3.2.3: Identify the limitations of a
trial balance.
Adjustments before final accounts

1
Straight line, diminution balance, sum ofyears-digit, number of units produced

methods and recording of depreciation
on fixed Assets and disposal of Fixed
Assets
Allowance for bad debts and write off
24
LO4.1.1: Explain the nature of

depreciation expense and accumulated
depreciation
LO4.1.2: Calculate depreciation
expense using straight line, diminution
balance, sum-of-digits and number of
units produced methods
LO4.1.3: Post journal entry to record
depreciation expense
LO4.1.4: Understand the disposal of
fixed assets and gain/(loss) on disposal
LO4.1.5: Post journal entries of disposal
and gain or loss on disposal.
LO4.2.1: Estimate allowance for bad
debts based on a given policy
Syllabus
Ref
Contents
Level
Prepayments and accruals
Closing entries of inventory
Bank reconciliation and related

adjustments
Control accounts - reconciliation and

adjustments
25
Learning Outcome
LO4.2.2: Post journal entry to record
bad debt expense
LO4.2.3: Compute and record write-off
and understand its impact on allowance
for bad debts.
LO4.3.1: Understand the matching
concept that applies to prepayments
and accruals
LO4.3.2: Post journal entries and ledger
entries for prepayments and accruals
LO4.3.3: Post adjusting entries to
recognize revenues or expenses.
LO4.4.1: Understand the concepts of
periodic and perpetual inventory
system
LO4.4.2: Identify the need to post the
adjustment entries of inventory at the
end of the period in case of periodic
inventory system
LO4.4.3: Pass the adjusting entries and
ledger entries at the end of the period.
LO4.5.1: Understand the need for a
bank reconciliation
LO4.5.2: Identify the main reasons for
differences between the cash book and
bank statements
LO4.5.3: Prepare a bank reconciliation
statement in the circumstances of
simple and well explained transactions
LO4.5.4: Correct cash book errors and
post journal entries after identifying the
same in bank reconciliation statement.
LO4.6.1: Understand the mapping
between control accounts and
subsidiary ledger for accounts
receivable and accounts payable
LO4.6.2: Prepare control accounts and
subsidiary ledger
LO4.6.3: Perform control accounts
reconciliation for accounts receivable
and accounts payable and identify
errors for correction.
Syllabus
Ref
7
Contents
Correction of errors in record keeping
Level
Learning Outcome
LO4.7.1: Identify the types of error

which may occur in a record keeping
system
LO4.7.2: Calculate and understand the
impact of errors on the financial
statements within a reporting period
LO4.7.3: Prepare journal entries to
correct errors that have occurred
within a reporting period.

between a trading and a service
business
statement of financial position
LO5.1.3: Prepare simple statements of
financial position from information
provided.
statement of comprehensive income
LO5.2.2: Prepare simple statements of
comprehensive income from
information provided.
LO5.3.1: Understand the purpose of a
receipts and payments account
LO5.3.2: Prepare a simple receipts and
payments account from information
provided.
Preparation of final accounts of a sole

trader
1
Statement of financial position
Statement of comprehensive income
Receipt and payment accounts

1
26
Preparation of partnership accounts
LO6.1.1: Define partnership and state

its essential elements
LO6.1.2: Understand goodwill
LO6.1.3: Prepare
Capital account
Current account
LO6.1.4: Prepare a profit and loss
account and a statement of financial
position of a partnership.
CAF-2
INTRODUCTION TO ECONOMICS AND FINANCE
Objective
To enable candidates to equip themselves with the fundamental concepts of economics and finance
needed as foundation for higher studies of finance.
Learning Outcome
The candidate will be able to:
1 understand the nature of micro-economics and its basic concepts
2 understand the nature of macro-economics and its relation with the measurement of economic
growth
3 understand how the balance of payments of a country is worked out
4 understand the nature of banking systems
5 understand the basic function of financial markets.
Grid
Concepts of economics
Microeconomics
Macroeconomics
Introduction to banking system, financial markets and international trade
Total
Syllabus
Ref
Contents
Concepts of economics
1
Fundamentals of economics
Level
Weighting
5-10
25-35
25-35
25-35
100
Learning Outcome
LO1.1.1: Overview of the definitions of

economics put forward by Adam Smith,
Alfred Marshall and Lionel Robbins
LO1.1.2: Describe the scope, objectives
and importance of economics
LO1.1.3: Describe the concept of
scarcity, kinds of scarce resources,
choices and wants
LO1.1.4: Describe, with examples, the
concept of economic problem and its
implications for an economy
27
Syllabus
Ref
Contents
Level
Learning Outcome
LO1.1.5: Describe the concepts of
goods and services and identify various
types of goods namely merit goods,
demerit goods, public goods, private
goods, club goods and free goods
LO1.1.6: Explain with examples the four
factors of production and identify the
rewards of factors of production
economic agents, consumption,
production and specialisation, division
of labour, technology and capital
formation
LO1.1.8: Describe the production
possibility curve and its relevance to
the concept of opportunity cost
microeconomics and macroeconomics
and their scope, importance and
limitations.
Economic systems
LO1.1.10: Distinguish income from

wealth.
LO1.2.1: Describe the major functions
of an economic system
LO1.2.2: Explain the salient features of
planned, mixed , market economy and
Islamic economic system
LO1.2.3: Provide example of a mixed
economy, a planned economy and a
market economy
LO1.2.4: Describe the merits and
demerits of planned, mixed and market
economies
LO1.2.5: Compare the Islamic economic
system with other economic systems.
28
Syllabus
Ref
Contents
Microeconomics
1
Demand
Level
Learning Outcome
LO2.1.1: Define the concept of demand,

state the differences between want and
demand and individual and market
demand
LO2.1.2: Define and explain law of
demand with the help of schedule and
graph and explain assumptions and
limitations of the law
LO2.1.3: Identify the movements along
and shifts of a demand curve and
explain the factors responsible
LO2.1.4: Assess the practical
importance of law of demand.
Supply
LO2.2.1: Define supply and differentiate

it from stock
LO2.2.2: State law of supply and explain
its assumptions
LO2.2.3: Interpret the relationship
between price and supply with the help
of schedule and graph
LO2.2.4: Describe movement along the
supply curve and shift in supply
LO2.2.5: Discuss the relation between
time and supply
LO2.2.6: Define reserve price and
discuss the factors influencing reserve
price
LO2.2.7: Assess the practical
importance of law of supply.
Equilibrium of demand and supply
LO2.3.1: Define the concept of market

and market equilibrium
LO2.3.2: Explain the determination of
price by equilibrium of demand and
supply with the help of a schedule and
graph
LO2.3.3: Explain the effect of changes in
demand and supply on market
equilibrium
29
Syllabus
Ref
Contents
Elasticity of demand and supply
Level
Learning Outcome
LO2.3.4: Discuss the determination of
price of perishable and durable goods.
LO2.4.1: Define price elasticity of
demand and explain the degrees of
price elasticity of demand
LO2.4.2: Explain approaches to
measure price elasticity of demand
30
Utility analysis and indifference curve
LO2.4.3: Explain practical importance

and determinants of price elasticity of
demand
LO2.4.4: Discuss income and cross
elasticity of demand and their practical
importance
elasticity of supply and explain the
percentage and graphical methods of
measurement of elasticity of supply
LO2.4.6: Describe the determinants of
supply elasticity.
LO2.5.1: Define the term utility, total
and marginal utility
LO2.5.2: Explain the law of diminishing
marginal utility with the help of a graph
and a schedule
LO2.5.3: Explain the assumptions,
limitations and practical importance of
the law of diminishing marginal utility
LO2.5.4: Explain the law of equimarginal utility with the help of a
schedule and a graph
LO2.5.5: Explain the limitations and
practical importance of law of equimarginal utility
LO2.5.6: Describe the meaning and
characteristics of indifference curves
LO2.5.7: Explain Budget line and
consumers equilibrium through
indifference curve analysis
Syllabus
Ref
Contents
Level
Learning Outcome
LO2.5.8: Explain the income effect,
price effect and substitution effect on
consumer equilibrium.
Laws of production
LO2.6.1: Explain the law of variable

proportion and its assumptions
LO2.6.2: Explain the law of increasing
returns its assumptions, application and
impact on the cost of production
LO2.6.3: Explain the law of constant
returns its assumptions and impact on
the cost of production
LO2.6.4: Explain the law of diminishing
returns its assumptions, application and
impact on the cost of production.
Cost and revenue curves
LO2.7.1: Understand the concept of

cost of production and its further
classification into implicit and explicit
costs
LO2.7.2: Discuss short run curves of
total cost, total fixed cost, total variable
cost, average cost and marginal cost
with the help of a schedule and graph.
LO2.7.3: Derive a long run average cost
curve from a short run average cost
curve
LO2.7.4: Derive a long run marginal cost
curve with the help of total cost curve.
LO2.7.5: Explain the concept of
economies and diseconomies of scale
and their impact on the long run costs.
marginal revenue, total revenue and
average revenue
LO2.7.7: Define perfect competition,
state its features and explain revenue
curves under perfect and imperfect
competition.
31
Syllabus
Ref
8
Contents
Equilibrium of firm in short and long run
under perfect competition, monopoly,
monopolistic competition and oligopoly
Level
2
Learning Outcome
equilibrium and the conditions of firms
equilibrium under perfect competition
LO2.8.2: Explain short and long run
equilibrium of a firm under perfect
competition.
equilibrium and the conditions of firms
equilibrium under imperfect
competition.
LO2.8.4: Define monopoly and describe
its features
LO2.8.5: Explain short and long run
equilibrium of a firm under monopoly
LO2.8.6: Explain price discrimination
and advantages and disadvantages of
monopoly.
LO2.8.7: Differentiate perfect
competition from monopoly
LO2.8.8: Define monopolistic
competition and state its features
LO2.8.9: Explain short run and long run
equilibrium of a firm under
monopolistic competition
LO2.8.10: Describe advantages and
disadvantages of monopolistic
competition
LO2.8.11: Define oligopoly and state its
features
LO2.8.12: Explain price output
determination under collusive
oligopoly, the success and failures of
cartel
LO2.8.13: Price output determination
under non-collusive oligopoly including
kinked demand and price leadership
model
32
Syllabus
Ref
Contents
Level
Learning Outcome
LO2.8.14: Describe advantages and
disadvantages of oligopoly.
Macroeconomics
1
Measurement of national income

including knowledge of basic concepts
like GDP, GNP and NNP
LO3.1.1: Define national income , gross

domestic product, gross national
product, net national product, personal
income, disposable personal income
per capita, nominal and real GDP
LO3.1.2: Explain circular flow of
national income
LO3.1.3: Explain the product approach,
income approach and expenditure
approach to the measurement of
national income
LO3.1.4: State the difficulties usually
faced in measuring National Income.
Consumption, saving and investment

functions
LO3.2.1: Define and explain

consumption, autonomous and induced
consumption, average and marginal
propensity to consume
LO3.2.2: Identify how Keynes
Psychological law of consumption
explains the relationship between
consumption and income with the help
of average propensity to consume and
marginal propensity to consume curves
LO3.2.3: Explain the determinants of
the consumption function
LO3.2.4: Define and explain saving,
average and marginal propensity to
saving
LO3.2.5: Explain the determinants of
saving
LO3.2.6: Understand the stability of
consumption and saving functions in
the short run and discuss the reasons
thereof
33
Syllabus
Ref
Contents
Level
Learning Outcome
LO3.2.7: Understand the meaning of
investment, induced investment and
autonomous investment
LO3.2.8: Explain the relationship of
investment with marginal efficiency of
capital and interest rate
Multiplier and accelerator
Growth and recession
Unemployment and Inflation
LO3.2.9: Explain classical and Keynesian

approach to determine equilibrium
level of output/income.
LO3.3.1: Comprehend the effect of the
multiplier on the level of national
income and is limitations
LO3.3.2: Comprehend the principle of
acceleration and its assumptions
LO3.3.3: Understand how the multiplier
and accelerator interact and cause
fluctuations in output.
LO3.4.1: Understand different phases
of the business cycle
LO3.4.2: Understand the indicators of
growth and recession
LO3.4.3: Discuss the determinants of
cost and benefits of growth.
unemployment, full employment and
types of unemployment
LO3.5.2: Discuss the measures to
reduce unemployment
LO3.5.3: Understand concepts of
inflation, deflation, stag-flation, wage
spiral inflation, mild and hyperinflation
LO3.5.4: Explain the causes of inflation
and measures to overcome inflation
with special reference to Pakistan
LO3.5.5: Discuss the cost of inflation
and Phillips Curve
34
Fiscal policy
LO3.6.1: Explain the objectives of fiscal

policy and how they are achieved
through fiscal budgets
Syllabus
Ref
Contents
Level
Learning Outcome
LO3.6.2: Explain the limitations of fiscal
policy
LO3.6.3: Define direct, indirect,
proportional, progressive and
regressive taxation
LO3.6.4: Understand functions of
taxation, types of taxes and
characteristics of good tax policy
LO3.6.5: Explain the canons of taxation
LO3.6.6: Explain the advantages and
disadvantages of direct taxation
LO3.6.7: Explain the advantages and
disadvantages of indirect taxation
Public and private finance
LO3.7.1: Distinguish between public

finance and private finance
LO3.7.2: Explain the importance of
public finance stating its major
functions
LO3.7.3: State the major causes of
continuous increase in the public
expenditure of the nations
LO3.7.4: Explain the role of public
expenditure in developing countries
with special reference to Pakistan.
Introduction to banking system, financial

markets and international trade
a
Banking system
Types of banks and financial institutions
LO4.1.1: Define a bank and describe its

kinds
LO4.1.2: Describe the functions of a
central bank.
Money and its value
LO4.2.1: Define the term money,

describe its evolution, functions and
the various forms it takes
LO4.2.2: Understand credit money,
types of credit and its advantages and
disadvantages
35
Syllabus
Ref
Contents
Level
Learning Outcome
LO4.2.3: Understand sources of the
money supply
LO4.2.4: Define interest rate, describe
its types and also explain the
determinants of interest rate
LO4.2.5: Understand the quantity
theory of money
LO4.2.6: Describe the Keynesian
liquidity preference theory and
Keynesian liquidity trap and define their
role in determining interest rates.
Monetary policy
Financial instruments and marketMeaning
Money market
Capital markets.
Derivative market
International trade
Balance of trade and payment
LO4.2.7: Understand the measurement

of the value of money
monetary policy
LO4.3.2: Understand the objectives of
monetary policy and the mutual conflict
of the objectives.
LO5.1.1: Describe the main features

and objectives of money markets.
and objectives of capital markets.
and objectives of derivatives and
derivative markets.
LO6.1.1: Distinguish between balance
of trade and balance of payment
LO6.1.2: Understand the nature of
items that are accounted for the
concept of balance of trade and
payment
LO6.1.3: Understand the different parts
of balance of payment
36
Syllabus
Ref
Contents
Level
Learning Outcome
LO6.1.4: Explain the reasons of balance
of payment deficit and measures to
rectify it with special reference to
Pakistan
LO6.1.5: Explain the concept of J curve
and inverse J curve
exchange rate, its determination and
governments policy to influence it.
37
CAF-3
BUSINESS LAW
Objective
To give students an understanding of the legal system and commercial laws; and build a knowledge base
of corporate laws.
Learning Outcome
The candidate will be able to demonstrate:
1
basic knowledge of the legal environment
2
comprehension of laws governing contracts, partnership and negotiable instruments
3
knowledge of the legal terminology of company law and the basics of company incorporation
4
familiarity with the provisions governing the issuance of shares
5
knowledge of the management of companies
6
familiarity with investment by companies, financial accounts and distribution of profit
7
knowledge of the appointment of auditors and their responsibilities and duties.
Grid
Introduction to legal system
Mercantile law
Contract Act 1872
Partnership Act 1932
Negotiable Instrument Act 1881
Weighting
5-10
20-30
10-15
10-15
50
Companies Ordinance 1984 and Securities Act, 2015

Sections 1 to 51 of the Companies Ordinance, 1984
8-15
Sections 67 to 136 of the Companies Ordinance, 1984 and Sections 87 to 93 of

Securities Act, 2015
8-15
Sections 142 to 204A of the Companies Ordinance, 1984

8-15
8-15
8-15
50
Total
38
Syllabus
Ref
A
Contents
Level
Learning Outcome
Introduction to the Legal System

Sources and process of legislation
1
Sources of law and an introduction to

the Constitution of Pakistan
Process of legislation and legal system in

Pakistan
LO1.1.1: Briefly describe sources of law

in Pakistan
LO1.1.2: Describe the basic structure of
the constitution of the Islamic Republic
of Pakistan.
LO1.2.1: Define legislation and describe
its forms
LO1.2.2: Briefly describe the process of
legislation as per the Constitution
LO1.2.3: Identify and briefly explain the
structure of the courts in Pakistan
LO 1.2.4 Explain alternate dispute
resolution (ADR) and its advantages and
disadvantages.
Mercantile law
a
1
Contract Act 1872

Introduction to the Law of Contract
LO 2.1.1: Define contract,

agreement and promise
LO 2.1.2: Identify essential elements of
a valid contract
LO 2.1.3: Be aware of factors which
might affect the validity of a contract
and their consequences
LO 2.1.4: Identify different types of a
contract.
Offer and acceptance
LO 2.2.1: Define offer and acceptance

LO 2.2.2: Identify different types of
offers
LO 2.2.3: Explain how offer is different
from invitation of an offer
LO 2.2.4: Identify essential elements of
offer and acceptance
LO 2.2.5: Understand the timing of
revocation and its communication
LO 2.2.6: Identify circumstances when
an offer lapses.
39
Syllabus
Ref
3
Contents
Capacity of Parties
Level
2
Learning Outcome
LO 2.3.1: Identify circumstances when a
person is not competent to contract
LO 2.3.2: Be aware of consequences or
enforceability of contracts with persons
not competent to contract.
Consideration
LO 2.4.1: Define consideration and

identify essentials of consideration
LO 2.4.2: Understand rules relating to
consideration
LO 2.4.3: Identify agreements which are
valid without consideration.
Free consent
LO 2.5.1: Define free consent

LO 2.5.2: Know the effect of absence of
free consent
LO 2.5.3: Be aware of factors which
may affect the consent
LO 2.5.4: Identify and understand
coercion, undue influence, fraud,
misrepresentation and mistake.
Legality of object and consideration and

agreements opposed to public policy
LO 2.6.1: Identify circumstances where

object or consideration is unlawful
LO 2.6.2: Identify agreements opposed
to public policy.
Void agreement
LO 2.7.1: Be aware of circumstances or

conditions when an agreement is
considered as void
LO 2.7.2: Identify different types of void
agreements.
Contingent contract
LO 2.8.1: Define contingent contract

LO 2.8.2: Identify characteristics of
contingent contract
LO 2.8.3: Understand rules regarding
contingent contract
LO 2.8.4: Understand the difference
between contingent contact and
wagering agreement.
40
Syllabus
Ref
9
Contents
Quasi contract
Level
2
Learning Outcome
LO 2.9.1: Know meaning of quasi
contract
LO 2.9.2: Understand and apply rules
regarding quasi contract
LO 2.9.3: Be aware of different kinds of
quasi contract.
10
Performance of a contract
LO 2.10.1: Explain performance and its

types i.e. actual and attempted
joint and reciprocal contracts and
appropriation of payment
LO 2.10.3: Identify essentials of a valid
tender
LO 2.10.4: Define tender and explain its
types and effects. Describe the
essentials of a valid tender
LO 2.10.5: Identify factors which may
affect the performance of a contract
LO 2.10.6: Understand and apply rules
relating to joint and reciprocal promises
LO 2.10.7: Understand the meaning of
appropriation of payment and rules
regarding appropriation of payment
LO 2.10.8: Explain the assignment of
contracts.
11
Discharge of a contract

discharge of contract
LO 2.11.2: Identify modes of discharge
of a contract: discharge by
performance, by consent, operation of
law, impossibility of performance, lapse
of time and breach (actual and
anticipatory)
discharge of a contract.
41
Syllabus
Ref
12
Contents
Remedies for breach of contract
Level
2
Learning Outcome
LO 2.12.1: Explain the remedy
LO 2.12.2: Describe the various
remedies available in case of breach of
a contract
amount of damages
LO 2.12.4: Identify different kinds of
damages
LO 2.12.5: Understand the remoteness
of damages.
13
Indemnity and guarantee
LO 2.13.1: Define contract of indemnity

and contract of guarantee. Differentiate
between contract of guarantee and
indemnity
LO 2.13.2: Identify parties in a contract
of indemnity and contract of guarantee
LO 2.13.3: Differentiate between
contract of guarantee and indemnity
LO 2.13.4: Describe the rights of
indemnity holder
LO 2.13.5: Identify the essentials of the
contract of guarantee
LO 2.13.6: Understand the kinds of
guarantees i.e. specific and continuing,
and revocation of continuing guarantee
LO 2.13.7: Describe rights and
responsibilities of surety
LO 2.13.8: Explain how surety is
discharged
indemnity, guarantee and surety.
14
Bailment and pledge
LO 2.14.1: Define bailment and identify

the essentials of the contract of
bailment
LO 2.14.2: Explain the types of bailment
LO 2.14.3: Identify duties and rights of
the bailor and bailee
42
Syllabus
Ref
Contents
Level
Learning Outcome
LO 2.14.4: Explain how contract of
bailment is terminated
LO 2.14.5: Identify rights and duties of
finder of goods
LO 2.14.6: Explain pledge (pawn),
pledgor (pawnor) and pledgee
(pawnee)
LO 2.14.7: Explain rights of pledgor and
pledgee
LO 2.14.8: Understand the rules of
pledge by non-owners
LO 2.14.9: Differentiate between
bailment and pledge.
15
Agency
LO 2.15.1: Define agency, agent and

principal and explain types of agents
LO 2.15.2: Identify rights and duties of
the agent and principal
agency
LO 2.15.4: Differentiate between sub
agent and co-agent
LO 2.15.5: Explain how an agency can
be created
LO 2.15.6: Understand the
circumstances when an agent is
personally liable
LO 2.15.7: Identify irrevocable agency
LO 2.15.8: Explain how an agency can
be terminated
undisclosed agency, position of agent,
principal and third party.
43
Syllabus
Ref
Contents
Level
Partnership Act 1932
1
2
Chapter I Preliminary
Chapter II - The nature of partnership
2
2
Chapter III - Relations of partners to one

another
Chapter IV - Relations of partners to

third parties
Negotiable Instruments Act 1881
Definitions and meanings (Section 1 to

25)
Discharge of liability (Section 82 to 90)
Provisions relating to cheques (Section

122A to 131C)
44
Learning Outcome
LO3.1.1: Define the terms.

LO3.2.1: Understand and describe the
partnership relationship, its creation
and identify and explain the types of
partnership and the mode of
determining existence of a partnership.
LO3.3.1: Determine and explain the
rights and duties of partners of the firm
under various circumstances
LO3.3.2: Explain the provisions of the
law relating to conduct of the business,
property of the firm and personal
profits earned by partners.
LO3.4.1: Describe the relationship of
partners with third parties
LO3.4.2: Identify and explain the
concepts of implied authority of the
partner in relation to third parties,
partners authority in an emergency,
mode of doing act to bind the firm,
effect of admissions by a partner, effect
of notice to acting partner, liability of a
partner for acts of the firm and liability
of the firm for wrongful acts of a
partner or misapplication by partners,
principle of holding out in given
situations
LO3.4.3: Identify and explain the rights
of transferee of a partners interest and
the rights and liabilities of a minor
admitted to the benefits of partnership.
LO4.1.1: Define and explain terms
LO4.1.2: Explain provisions relating to
types of negotiable instruments and
their maturity.
LO4.2.1: Identify and explain how the
maker of a negotiable instrument is
discharged from his liability under given
scenarios.
LO4.3.1: Describe provisions relating to
crossing of cheques
Syllabus
Ref
Contents
Level
Learning Outcome
LO4.3.2: Briefly describe and
differentiate between a cheque crossed
generally and a cheque crossed
specially and their payment modes.
Preliminary and incorporation (Sections

1 to 51)
Definitions (Section 2)
Meaning of subsidiary and holding

company (Section 3)
Powers and functions of the Commission

(Section 12)
Memorandum of association (Section 15

to 25)
Articles of association (Section 26)
Registration of memorandum and

articles of association (Section 30 to 36)
Provisions with respect to names of

companies (Section 37 to 41)
45
LO5.1.1: Define the terms which are

relevant to the areas covered in the
syllabus.
LO5.2.1: Explain subsidiary and holding
company and when a company
becomes a subsidiary or holding
company of another company.
LO5.2.2: Apply the concept of
subsidiary in simple scenarios.
the powers and functions of the
Commission.
LO5.4.1: Describe the memorandum of
association and state its purpose
LO5.4.2: List/explain the clauses of
memorandums of association of various
types of companies
LO5.4.3: Describe the purpose and
procedure of alteration to different
clauses of a memorandum of
association.
LO5.5.1: Define the articles of
association and state its purpose
LO5.5.2: State the information which
should be contained in the articles of
various companies.
LO5.6.1: Describe the procedure of
registration of the memorandum and
articles of association
LO5.6.2: Describe the effects of
registration of the memorandum and
articles of association.
LO5.7.1: Describe with examples the
procedure / prohibitions with regard to
the selection of the name of a company
Syllabus
Ref
Contents
Level
Association not for profit (Section 42)
Companies limited by guarantee

(Section 43)
Allotment of shares, registration of

charge etc. (Sections 52 to 136 of
Companies Ordinance 1984 and
Sections 87 to 93 of Securities Act
2015))
Prospectus, allotment, issue and transfer

of shares and debentures, deposits, etc.
Learning Outcome
LO5.7.2: Identify/explain the actions
and procedures needed to be taken by
company and registrar, if a company is
registered by a prohibited name.
LO5.8.1: Comprehend the nature of
association not for profit.
LO5.9.1: Understand the provisions
regarding divisible profit and dividing
the undertaking into shares or interest.
LO6.1.1: Define a prospectus and

explain its purpose
LO6.1.2: Understand the requirements
relating to a prospectus as laid down in
Section 87(2),(4),(5),(6),(7), 88(1-8), 90,
91, 92 and 93 of the Securities Act 2015
LO6.1.3: Describe the matters that are
to be specified in a prospectus as
required under clause 1 to 7 and 17, 18
19, 24, 26 and 27 of Section 1 of Part I
of Second Schedule
LO6.1.4: Describe the reports that are
to be included in a prospectus as
required under Section 2 of Part I of
Second Schedule
LO6.1.5: Understand/explain the
provisions regarding statement and
consent of expert.
Share capital and debentures (Section 89

to 95 and 108 of Companies Ordinance
1984)
LO6.2.1: Differentiate between shares

and debentures
LO6.2.2: Describe the classes and kinds
of shares
LO6.2.3: Describe with simple example
the condition of fully paid shares
46
Syllabus
Ref
Contents
Level
Learning Outcome
LO6.2.4: State with simple examples
the kinds of alterations that can be
made to the share capital
LO6.2.5: State the rules on prohibition
of purchase of a companys own or its
holding companys shares
variation of shareholders rights
the procedure for cancellation of
variation of shareholders rights.
Registration of mortgages, charges etc.

(Section 121, 129, 132 and 136 of
Companies Ordinance 1984)
Management and administration

(Sections 142 to 204A of Companies
Ordinance 1984)
47
LO6.3.1: Discuss the meaning of

mortgage/charge with simple
examples, and the duty of company and
the procedure for registration of
charges
LO6.3.2: State the right of an interested
party in respect of a registration of
mortgage/charge
LO6.3.3: State the duty and procedure
of payment or satisfaction of mortgage/
charge
the right to inspect the instrument
creating a mortgage/charge
LO6.3.5: Discuss the consequences of
registered and unregistered mortgages/
charges.
Registered office, publication of names

etc. (Section 142 to 145)
Commencement of business by a public

company (Section 146)
LO7.1.1: Discuss with simple examples

the provisions with regard to having a
registered office, publication of name
and publication of paid-up capital.
LO7.2.1: State the conditions to be
fulfilled before commencement of
business by a company
LO7.2.2: State the applicability and
non-applicability of the conditions on
different kinds of company.
Syllabus
Ref
Contents
Level
Learning Outcome
Meeting and proceedings (Section 157

to 173)
LO7.3.1: State the timing, matters and

reports relating to statutory meetings
reports relating to an annual general
meeting using simple examples
LO7.3.3: State who can call an annual
general meeting
reports relating to an extraordinary
general meeting
LO7.3.5: State who can call an
extraordinary general meeting
LO7.3.6: State the quorum for a general
meeting
LO7.3.7: State the entitlement of a
member in respect of appointment of
proxy and conditions applicable
thereon
LO7.3.8: Describe the provisions
relating to agenda/ minutes of
meetings.
LO 7.3.9: State the circumstances in
which proceedings of the general
meeting may be declared invalid.
Directors (Section 174 to 197A)
LO 8.4.1: Explain and apply in given

scenarios, the legal provision with
respect to directors:
Eligibility/ineligibility
Number
First and subsequent directors
Term/tenure of office of directors
Elections
Removal/vacation of office
Filling of casual vacancies
Remuneration
Powers, duties, rights and liabilities
Assignment of office and alternate
directors
Proceedings
LO8.4.2: State the legal provisions
relating to loans to directors.
48
Syllabus
Ref
5
Contents
Chief executive (Section 198 to 204A)
Level
1
Learning Outcome
LO8.5.1: Explain the appointment of
first chief executive and subsequent
chief executives using simple examples
LO8.5.2: State the provisions/
conditions applicable on appointment,
removal, engagement in any business
LO8.5.3: State the provisions relating to
appointment of a secretary.
Investments, accounts etc. (Sections

208 to 251 of Companies Ordinance
1984)
Investment in associated companies and

undertakings (Section 208)
Investment of companies to be held in

its own name (Section 209)
Disclosure of interest by directors

(Section 214)
Interest of other officers etc. (Section

215)
Interested director not to participate or

vote in proceedings of directors (Section
216)
Accounts (Section 230, 233, 236, 241

and 242 )
49
LO9.1.1: Describe the conditions

applicable to a company for making
investment in associated companies
and undertakings.
LO9.2.1: Discuss with simple examples
as to how a company can hold its
investment in names other than its own
name.
LO9.3.1: Explain the requirements of
disclosure of interest by director in
contract / arrangement entered into by
or on behalf of the company.
LO9.4.1: Explain the requirements of
disclosure of interest by officers in
contract / arrangement entered into by
or on behalf of the company.
relating to participation of interested
director in the proceedings of directors
in contract / arrangement entered into
by or on behalf of the company.
relating to the books of accounts to be
kept by company.
LO9.6.2: Explain the requirements with
respect to the annual accounts and the
balance sheet
LO9.6.3: Describe directors report
LO9.6.4: Describe the authentication of
balance sheet and profit and loss
account
Syllabus
Ref
Contents
Dividend (Section 248 to 251)
Audit (Sections 252 to 257 of

Companies Ordinance 1984)
Audit (Section 252 to 257)
50
Level
Learning Outcome
LO9.6.5: Discuss requirements of filing
of balance sheets and profit and loss
accounts with the registrar.
LO9.7.1: Explain the requirements
relating to declaration of dividend and
identify/explain certain restrictions on
declaration of dividend
applicable to payment of dividend.
LO10.1.1: Explain the provisions

applicable to
Appointment, removal and
remuneration of auditors
Qualification and disqualification of
auditors
Powers/ duties of auditors and an
auditors right to access the record
and information
An auditors duty to report and
contents thereof
Signature on an audit report.
CAF-4
BUSINESS MANAGEMENT AND BEHAVIORAL STUDIES
Objective
To equip candidates with the fundamentals of management and behavioral studies.
Learning Outcome
1 demonstrate an understanding of the nature of management concepts and approaches
2 show familiarity with the structure of business organisations, their culture and the change process
3 demonstrate an understanding of human behavior
4 demonstrate an understanding of the concepts of motivation
5 show familiarity with the nature and kinds of leadership
5a demonstrate an understanding with group dynamics and effective teamwork
6 show familiarity with the nature and importance of negotiation and conflict resolution
7 demonstrate a basic understanding of IT based management information systems.
Grid
Management concepts
Organisational process
Individual behavior and motivation
Leadership, negotiation and conflicts
Management information system
Total
Syllabus
Ref
Contents
Management concepts
1
51
Meaning
Level
Weighting
25-35
20-30
20-30
20-30
15-25
100
Learning Outcome
LO1.1.1: Define the terms leadership

and management; their nature and
purpose
LO1.1.2: State the difference between
Managers and Leaders using examples
LO1.1.3: Describe the classification of
management roles enunciated by
Henry Mintzberg.
LO 1.1.4 Describe the major aspects of
managerial work: planning, organising,
leading and controlling.
Syllabus
Ref
Contents
Level
Functions
Classical approach
Behavioral approach
Management science approach
52
Learning Outcome
LO1.2.1: Illustrate management model
and explain the functions of
management
LO1.2.2: Describe the roles and skills of
management
LO 1.2.3 Integrating managerial levels,
roles and skills.
LO1.3.1: Describe the principles of
scientific management stated by
Fredrick Taylor
LO1.3.2: Explain the key principles of
management by Fayol and Urwick
LO1.3.3: Explain theories of
management by Weber, Rosemary
Stewart and Elton Mayo
LO1.3.4: Discuss the criticism on
scientific management and classical
approach to management
LO1.3.5: List the characteristics of
bureaucratic organisations and discuss
criticism on this form of management
LO1.3.6: Discuss theories of
management presented by Peter
Drucker, Rosabeth Moss Kanter and
Mintzberg.
LO1.4.1: Discuss the Hawthorne
experiments on human relation
approach, their significance and
implications
LO1.4.2: Discuss critically the relevance
of these experiments for management
and organisational behaviour
LO1.4.3: Discuss Theory X, Theory Y and
Theory Z including their implications
and differences.
LO1.5.1: Explain the effects of
operations research in business
sciences
LO1.5.2: Discuss management skills
involving time and stress management,
innovations and creativity,
communications, mentoring and
leadership.
Syllabus
Ref
Contents
Level
External factors Competitors, suppliers,

labour, customers
General environment - Political, legal,

technological, economic, social
Learning Outcome
LO1.6.1: Describe the direct and
indirect interactive forces including
political, legal health and safety and
consumer protection forces may affect
the organisational environment.
LO1.7.1: Explain how the external
forces affect the organisational
environment using examples
LO1.7.2: Explain how social,
demographic, ecological and
competitive factors would impact
business environment.
Organisational process
1
Organisational structure - principles of

organisation, different ways of
structuring organisation
LO 2.1.1 Explain the role of vision &

mission in an organisation
LO2.1.2: Explain the meaning and
nature of organisational structure
LO2.1.3: Describe the different types of
organisations and their distinguishing
features
LO2.1.4: Identify the different
stakeholders who have interests in
business firms
LO2.1.5: Describe the features of
matrix functional, divisional and
virtual organisations and their salient
features
LO 2.1.6: Explain the contingency
theory of organisation structure
including Burns & Stalker mechanistic
and organic structure and
Mintzbergs five building blocks for
organisational Configuration with the
examples of six organisation
configuration
LO 2.1.7: Advantages and limitations of
each type of organisational structure.
53
Syllabus
Ref
2
Contents
Level
Organisational change - nature of change

process, resistance to change
Organisational culture - concept,

dysfunctional aspect of culture
Learning Outcome
LO2.2.1: Identify and explain the
external forces creating changes in the
performance of organisations
LO2.2.2: Describe the process of
organisational change
LO2.2.3: Explain the forms of reactions
to change
LO 2.2.4: Discuss managing strategic
change including change management,
change levers and management skills.
LO 2.2.4: Explain Lewins force field
analysis, Lewins three step approach,
the change agent, Gemini 4 Rs and
Mckinseys 7s approach.
LO2.3.1: Describe organisational
culture using examples
LO2.3.2: Discuss using examples the
different levels of organisational culture
LO2.3.3: Describe the types of cultures
and their efficacies in the context of
performances of organisations.
Individual behavior and motivation

1
54
Perception
Attitude
LO3.1.1: Explain perception and

perception process and their effects
difference between sensation and
perception
LO 3.1.3 Discuss using examples the
Perceiver (internal factors) and
Perceived (external factors) and their
characteristics that affect perceptual
selectivity
LO3.1.4: Analyse the perceptual
problems/distortions in dealing with
other people like stereotyping and halo
effect, etc.
LO 3.2.1: Define attitude and its
components with reference to
organisational cultures
LO3.2.2: Discuss the differences
between cognitively based attitudes
and affectively based attitudes
Syllabus
Ref
Contents
Level
Job satisfaction and stress
Maslow need hierarchy model
Herzbergs Two-Factor Theory
McClellands Theory of Needs
Goal setting
Management by objective
55
Learning Outcome
LO3.2.3: Describe the difference
between implicit and explicit attitudes
LO3.2.4: Discuss cross-cultural
differences in the bases for attitudes
LO3.2.5: Explain the relationship
between attitude and behaviour.
LO3.3.1: Explain by offering examples
meaning and outcomes of job
satisfaction
LO3.3.2: Identify the measures to
enhance satisfaction
LO3.3.3: Describe stress and identify
the causes of job stress
LO3.3.4: Explain using examples the
general categories of stressors or
triggers of job stress that can affect
performance
LO3.3.5: Identify consequences of
stress and strategies in order to cope
up with stress.
LO3.4.1: Describe using examples
motivation
LO3.4.2: Explain Maslows need
hierarchy theory
LO3.4.3: Explain strengths and
problems in the application of Maslows
theory.
LO3.5.1: Explain Herzbergs Two Factor
theory of motivation and major
criticism thereon
LO3.6.1: Explain the three motivational
needs theory presented by McClelland
LO3.6.2: State the difference between
intrinsic and extrinsic motives.
LO3.7.1: Explain the major dimensions
of goal setting theory
LO3.7.2: Explain why and how goals
contribute to self-motivation
LO3.7.3: Describe how to set effective
goals and the problems encountered in
setting goals.
LO3.8.1: Explain the basic steps of the
overall performance system of MBO.
Syllabus
Ref
Contents
Level
Self-efficacy
10
Reinforcement
11
Equity/organisational justice
12
Expectancy
Learning Outcome
LO3.9.1: Define the term self-efficacy
LO3.9.2: Demonstrate understanding of
the concepts of high self-efficacy and
low self-efficacy.
LO3.10.1: Describe law of effect using
relevant examples
reinforcement as used in behavioural
management
LO3.10.3: Describe positive and
negative reinforcers using examples.
LO3.11.1: Explain organisational justice
and three components of the same,
namely, distributive, procedural and
interactional.
LO3.12.1: Describe using simple
examples Vrooms Expectancy theory
and its three elements, namely,
expectancy, instrumentality and
valence.
Leadership, negotiation and conflicts

1
Type of leadership
Theories of leadership
Roles, activities, skills of leaders
56
LO4.1.1: Discuss different leadership

styles, namely, free-rein, engaging,
participative, task oriented and
autocratic.
LO4.2.1: Discuss using simple examples
different theories of leadership,
namely, trait theories, Blake and
Mouton theory, situational and
contingency theories
LO4.2.2: Discuss Tannenbaum and
Schmidts continuum model of
leadership styles
LO4.2.3: Discuss the various Contigency
theories of leadership
LO4.2.4: Describe the principles and the
need for adaptive change.
LO4.3.1: Discuss leadership roles and
activities
LO4.3.2: Identify skills needed for
effective leadership.
Syllabus
Ref
Contents
Level
Group Dynamics and teamwork - types of

groups, group formation, group
structure, individual in groups, team work
Negotiation skills
Conflict resolution
57
Learning Outcome
LO4.4.1: Explain the differences
between groups and teams
LO4.4.2: Discuss individual and group
behavior at work. Discuss formal and
informal group behavior in work
settings
LO4.4.3: Explain and illustrate balance
theory of group formation
LO4.4.4: Describe the concept and
stages of team formation, team roles
and performances of effective and
ineffective teams
LO4.4.5: Identify and describe stages of
group development
LO4.4.6: List down the factors that
increase and decrease group
cohesiveness
LO4.4.7: Explain the ways to make
teams more effective.
LO4.5.1: Explain various stages of the
negotiation process
LO4.5.2: Describe the different skills of
effective negotiators
LO4.5.3: Describe the roles of
mediators, arbitrators, conciliators and
consultants
LO4.5.4: Explain the low risk techniques
of negotiation
LO4.5.5: Explain the high risk
techniques of negotiation.
LO4.6.1: Discuss the conflict resolution
process
LO4.6.2: Discuss conflicts at the
individual and inter-group levels
LO4.6.3: Discuss the advantages and
disadvantages of conflicts in
organisations
LO4.6.4: Explain intra-individual conflict
with model of frustration
LO4.6.5: List some of the physical,
psychological and behavioural
problems that occur due to conflict.
Syllabus
Ref
Contents
Management information systems
Level
General system concepts of information

technology
IT-based transaction processing systems
IT-based financial reporting systems
IT-based order processing and inventory

control systems
IT-based personnel systems
Integrated IT systems
58
Learning Outcome
LO5.1.1: Demonstrate basic

understanding of computer hardware
i.e. input, output, storage of
information and networking
information technology and
information systems
LO5.1.3: Understand the role and types
of information systems in business.
LO5.2.1: Understand data entry, batch
processing, online processing and real
time -online processing.
LO5.3.1: Understand IT based financial
reporting system.
LO5.4.1: Understand IT based order
processing and inventory control
systems.
LO5.5.1: Understand IT based
personnel systems.
LO5.6.1: Briefly describe integrated
systems, their advantages and
disadvantages
LO5.6.2: Understand main features of
Enterprise Resource Planning.
CAF-5
FINANCIAL ACCOUNTING AND REPORTING I
Objective
To provide candidates with an understanding of the fundamentals of accounting theory and basic
financial accounting with particular reference to international pronouncements.
Learning Outcome
1 prepare financial statements in accordance with specified international pronouncements
2 account for simple transactions related to inventories and property, plant and equipment in
accordance with international pronouncements
3 understand the nature of revenue and be able to account for the same in accordance with
international pronouncements
4 account for the treatment of changes in partnership including, admission, dissolution, death,
amalgamation and retirement
5 understand the fundamentals of accounting for cost of production
6 interpret and evaluate the financial statements with the help of ratio analysis.
Grid
Preparation of financial statements, income and expenditure account and preparation
of accounts from incomplete records
Accounting for inventories; and property, plant and equipment and revenue
accounting
Elements of managerial accounting
Interpretation of financial statements
Total
Syllabus
Ref
A
59
Contents
Preparation of components of financial
statements with adjustments included in
the syllabus
Preparation of statement of financial
position (IAS 1)
Preparation of statement of
comprehensive income (IAS 1)
Level
Weighting
30-35
30 - 35
8-12
8-12
10-15
100
Learning Outcome
LO1.1.1: Prepare simple statement of

financial position in accordance with
the guidance in IAS 1 from data and
LO1.2.1: Prepare simple statement of
comprehensive income in accordance
with the guidance in IAS 1 from data
and information provided.
Syllabus
Ref
Contents
Level
Preparation of statement of cash flows

(IAS 7)
Income and expenditure account
Preparation of accounts from incomplete

records
Learning Outcome
LO 1.3.1: Demonstrate thorough
understanding of cash and cash
equivalents, operating, investing and
financing activities
LO 1.3.2: Calculate changes in working
capital to be included in the operating
activities
LO1.3.3: Compute items which are
presented on the statement of cash
flows
LO1.3.4: Prepare a statement of cash
flows of a limited company in
accordance with IAS 7 using the indirect
method.
LO1.4.1: Prepare simple income and
expenditure account using data and
LO1.5.1: Understand situations that
might necessitate the preparation of
accounts from incomplete records
(stock or assets destroyed, cash
misappropriation or lost, accounting
record, destroyed etc.)
following techniques used in
incomplete record situations:
Use of the accounting equation
Use of opening and closing balances
of ledger accounts
Use of a cash and / or bank
summary
Use of markup on cost and gross
and net profit percentage.
Accounting for inventories (IAS 2); and

property, plant and equipment (IAS-16)
and revenue accounting
1
60
Application of cost formulas (FIFO/

weighted average cost) on perpetual and
periodic inventory system
LO2.1.1: Understand and analyse the

difference between perpetual and
periodic inventory systems
LO2.1.2: Understand and analyse the
difference between FIFO and weighted
average cost formulas and use them to
estimate the cost of inventory
Syllabus
Ref
Contents
Level
Cost of inventories (cost of purchase, cost

of conversions, other costs)
Measurement of inventories (lower of

cost or net realizable value)
Presentation of inventories in financial

statements
Initial and subsequent measurement of

property, plant & equipment
(components of cost, exchange of assets)
Measurement after recognition of

property, plant and equipment
Depreciation - depreciable amount,

depreciation period and depreciation
method
61
Learning Outcome
LO2.1.3: Account for the application of
cost formulas ( FIFO/ weighted average
cost) on perpetual and periodic
inventory system
LO2.1.4: Identify the impact of
inventory valuation methods on profit.
LO2.2.1: Calculate cost of inventory in
accordance with IAS-2 using data
provided including cost of purchase,
cost of conversions, and other costs
LO2.2.2: Identify relevant and
irrelevant cost from data provided.
LO2.3.1: Describe Net Realizable Value
(NRV)
LO2.3.2: Explain the situation when the
cost of inventories may not be
recoverable
LO2.3.3: Demonstrate the steps in
measuring inventory at lower of cost or
NRV
LO2.3.4: Post journal entries for
adjustments in carrying value
(excluding reversal of write downs).
LO2.4.1: Understand the disclosure
requirements and prepare extracts of
necessary disclosures (excluding
pledged inventories and reversal of
write downs).
LO2.5.1: Calculate the cost on initial
recognition of property, plant and
equipment in accordance with IAS-16
including different elements of cost and
the measurement of cost
LO2.5.2: Analyse subsequent
expenditure that may be capitalised,
distinguishing between capital and
revenue items.
LO2.6.1: Present property, plant and
equipment after recognition under cost
model and revaluation model using
data and information provided.
LO2.7.1: Define depreciation,
depreciable amount and depreciation
period
Syllabus
Ref
Contents
Level
De-recognition
IFRS 15 Revenue from Contracts with

Customers
Learning Outcome
LO2.7.2: Calculate depreciation
according to the following methods
straight-line
diminishing balance
the units of production
LO2.7.3: Compute depreciation for
assets carried under the cost and
revaluation models using information
provided including impairment
LO2.7.4: Prepare journal entries and
ledger accounts.
LO2.8.1: Account for de-recognition of
property, plant and equipment
recognised earlier under cost and
revaluation methods
LO2.8.2: Post journal entries to account
for de-recognition using data provided.
LO3.1.1: Describe revenue
LO3.1.2: Apply the principle of
substance over form to the recognition
of revenue
LO3.1.3: Describe and demonstrate the
accounting treatment (measurement
and recognition) for revenue arising
from the following transactions and
events:
sale of goods;
rendering of services

1
Admission, amalgamation, retirement,

death and dissolution
LO6.3.1: Make journal entries in the

case of the dissolution of a partnership
to record:
transfer and sale of assets and
liabilities to third parties and partners
payment of realization expenses
closing of the realization account; and
settlement of partners capital
account.
62
Syllabus
Ref
Contents
Level
Learning Outcome
LO6.3.2: Process the necessary
adjustments on the death or retirement
of a partner:
adjustments relating to goodwill,
accumulated reserves and
undistributed profits
revaluation account
adjustment and treatment of
partners capital
application of new profit sharing ratio
Elements of managerial accounting

1
Meaning and scope of cost accounting
Analysis of fixed, variable and semi

variable expenses
Direct and indirect cost
Cost estimation using high-low points

method and linear regression analysis
Product cost and period cost
LO5.1.1: Explain the scope of cost

accounting and managerial accounting
and compare them with financial
accounting.
LO5.2.1: Explain using examples the
nature and behaviour of costs
LO5.2.2: Identify and apply the concept
of fixed, variable, and semi variable
costs in given scenarios.
LO5.3.1: Identify and apply the concept
of direct and indirect material and
labour cost in given scenarios and
differentiate them from overhead
expenditure.
LO5.4.1: Apply high-low points method
in cost estimation techniques
LO5.4.2: Apply regression analysis for
cost estimation.
LO5.5.1: Compare and comment
product cost and period cost in given
scenarios.
Interpretation of financial statements

1
63
Computation and interpretation of

various ratios
LO6.1.1: Compute the following ratios:
Current ratio
Acid-test ratio/quick ratio
Gross profit
Return on equity
Return on assets
Syllabus
Ref
Contents
Level
Learning Outcome
Return on capital employed

Debt-equity ratio
Inventory turnover
Debtor turnover
Creditor turnover
LO6.1.2: Interpret the relationship

between the elements of the financial
statements with regard to profitability,
liquidity, efficient use of resources and
financial position.
LO6.1.3: Draw conclusions from the
information contained within the
financial statements for appropriate
user (Preparation of financial
statements is not required from the
ratios provided / calculated).
64
CAF-6
PRINCIPLES OF TAXATION
Objective
To provide basic knowledge in the understanding of objectives of taxation and core areas of Income Tax
Ordinance, 2001, Income Tax Rules 2002 and Sales Tax Act 1990 and Sales Tax Rules.
Learning Outcome
The candidate will be able to:
1 understand the objective of levy of taxation, and its basic concepts
2 understand the system of taxation in Pakistan
3 understand the historical background of taxation in Pakistan
4 understand constitutional provisions of taxation in Pakistan
5 understand and explain the basic ethics of taxation
6 understand and explain provisions of income tax law mainly relevant to individuals and
association of persons
7 understand and explain sales tax law relevant to operational level tasks.
Grid
Objective, system and historical background, constitutional provisions and ethics
Income tax
Sales tax
Total
Syllabus
Ref
A
Contents
Level
Weighting
8-12
60-70
20-30
100
Learning Outcome
Objective, system and historical

background, constitutional provisions
and ethics
a
Basic concepts of taxation
Objectives
Basic concepts
System of taxation in Pakistan (Income

Tax, Sales Tax, Federal Excise Tax, Capital
Value Tax, Customs)
65
LO1.1.1: Comprehend the main

objectives of taxation
LO1.1.2: Justify taxation as means of
development.
LO1.2.1: Understand the implication of
direct and indirect taxation.
LO1.3.1: Comprehend different kinds of
taxes and their scope including the
powers of provinces to legislate on
taxes.
Syllabus
Ref
Contents
Historical background
Constitutional provisions
Level
Learning Outcome
LO1.4.1: State the history of taxation in

the sub-continent.
Federal financial procedures (Article 78

to 88 of the Constitution of Pakistan)
Provincial financial procedures (Article

118 to 127 of the Constitution of
Pakistan)
Distribution of revenues between

Federation and the Provinces (Article 160
to 165A of the Constitution of Pakistan)
Federal legislative lists relating to

revenue generating measures (related
part of Fourth Schedule to the
Constitution of Pakistan)

the Federal Consolidated Fund and
Public Account
the expenditure that can be charged
upon Federal Consolidated Fund.
the Provincial Consolidated Fund and
Public Account
the expenditure that can be charged
upon Provincial Consolidated Fund.
the formation of National Finance
Commission and its main function
the taxes that can be raised under the
authority of Parliament
the powers of provincial assemblies in
respect of professional tax
the exemption available to federal and
provincial governments
the tax on corporation owned by
federal and provincial government.
LO2.4.1: Enlist the revenue collection as
mentioned at S. No. 43 to 53 in Fourth
Schedule attached to the Constitution.
Ethics
Ethics for tax legislation
66
LO3.1.1: Describe how canons of

taxation developed by economists are
relevant for legislators while
formulating tax policies.
Syllabus
Ref
Contents
Level
Ethics for taxpayers and tax practitioners
Ethics for tax implementing authorities
Tax evasion and avoidance
Learning Outcome
LO3.2.1: Understand the right and
purpose of state to tax its citizens
LO3.2.2: Understand morality behind
compliance with tax laws by taxpayers
and tax practitioners.
LO3.3.1: Understand the powers vs
ethical responsibilities of tax
implementation authorities
LO3.3.2: Understand pillars of tax
administration, namely; fairness,
transparency, equity and
accountability.
the basic difference between evasion
and avoidance of tax.
Income Tax
1
Chapter I Preliminary (concepts of

terms defined section 2 sub-section 1, 5,
5A, 6, 7, 9, 10, 11A, 19, 19C, 20, 21, 22,
23, 29, 29A, 29C, 36, 37, 38, 41, 44A, 46,
47, 49, 50, 51, 52, 53, 68)
Chapter II Charge of tax (excluding

section 4B, 5A, 7, 7A)
Chapter III Tax on Taxable income
(Excluding Section 29A, 30 and 31 , 36,
49, 57A, 59AA, 59B, 65C, 65D and 65E)
LO4.1.1: Describe the definitions given

in section 2 sub-section 1, 5, 5A, 6, 7, 9,
10, 11A, 15, 19, 19C, 20, 21, 22, 23,
23A, 28A, 29, 29A, 29C, 33, 35C, 36,
37, 38, 44A, 46, 47, 49, 50, 51, 52, 53,
59A, 66, 68, 75
LO4.1.2: Describe other definitions
covered under relevant sections
LO4.1.3: Understand and apply
definitions on simple scenarios.
LO4.2.1: Explain the chargeability of tax
with simple examples.
Income, total income & taxable income
with heads of income
LO 4.3.2: Understand and compute
taxable income and tax thereon relating
to salary, income from property,
income from business, capital gain,
dividend, profit on debt, ground rent,
rent from sub-lease, income from
provision of amenities, utilities or any
other services connected with rented
building and consideration for vacating
the possession of building
67
Syllabus
Ref
Contents
Level
Learning Outcome
LO 4.3.3: Explain different exemption
and tax concession for income including
2nd schedule exemptions
LO 4.3.4: Comprehend and apply the
concepts of set-off and carry forward of
losses for different heads of income
Chapter IV (Part I, II and III) Common

rules (Excluding Sections 78 and 79)
Chapter V Part I Central concepts
Chapter V Part II Div I and II Individuals
Chapter V Part III and Part VA

Association of persons
Chapter VII Part II Taxation of foreignsource income of residents
Chapter IX Minimum Tax
LO 4.9.1 : Understand the provisions

relating to Minimum Tax
(Section113)
10
68
Chapter X Part I Returns
LO 4.3.5 Understand and compute

deductible allowances and tax credits
available to tax payers.
LO4.4.1: Understand and apply on
simple scenarios provisions for income
of joint owner, apportionment of
deductions, fair market value and
receipt of income
LO4.4.2: Explain using simple examples
the provisions relating to tax year
the provisions relating to disposal and
acquisition of assets, cost and
consideration received.
the meaning of persons, resident and
non-resident persons and associates.
the principles of taxation of individuals.
the principles of taxation of association
of persons and computational aspects
of AoP and its members.
LO4.8.1: Understand the applicability of
tax on foreign salary income, credit
against foreign tax and treatment of
foreign loss of a resident in simple
scenarios.
LO 4.9.2 : Calculate Minimum Tax

according to the provisions.
LO4.10.1: Identify persons required to
furnish a return of income
LO4.10.2: Identify persons not required
to furnish a return of income
Syllabus
Ref
Contents
Level
11
Chapter X Part II Assessments
12
Chapter X Part III Appeals
13
Chapter X Part VIII Records, Information

Collection and Audit (Section174 and
177)
14
The Income Tax Rules related to the

above chapters of the Income Tax
Ordinance 2001 shall also be examined
First and Second Schedule attached to
the Income Tax Ordinance 2001
15
Learning Outcome
LO4.10.3: Identify persons required to
furnish wealth statements
LO4.10.4: List the contents of wealth
statement
LO 4.10.5: Understand the procedure
for extension in time for furnishing the
returns and other documents.
assessment by Commissioner and
power of Commissioner to conduct
audit.
LO4.12.1: List the appellate bodies
LO4.12.2: Explain using simple
examples the circumstances when
appeal to the Commissioner (Appeals)
is made and the pre-conditions
applicable
LO4.12.3: Explain the provisions
relating to decision of appeals by
Commissioner (Appeals) using simple
examples.
LO4.13.1: Understand the provisions
relating to records to be kept by the
taxpayers
relating to audit by Commissioner.
LO4.14.1: Apply rules relevant to
learning outcomes specified against
each topic on well explained scenarios.
LO4.15.1: Apply clauses relevant to
learning outcomes specified against
each topic on well explained scenario.
Sales Tax
a
Sales Tax Act 1990
Chapter I Preliminary (concepts of

terms defined Section 2 sub-sections 3,
5AA, 9, 11, 14, 16, 17, 20, 21, 22A, 25, 27,
28, 29A, 33, 35, 39, 40, 41, 43, 44, 46)
69
LO5.1.1: Describe the definitions given

in section 2 sub-section 1, 3, 5AA, 5AB,
9, 11, 14, 16, 17, 19, 20, 21, 22A, 25, 27,
28, 29A, 33, 33A, 35, 39, 40, 41, 43, 44,
46, 46A, 47, 48
LO5.1.2: Describe other definitions
covered under relevant sections
LO5.1.3: Apply definitions on simple
scenarios.
Syllabus
Ref
Contents
Level
Chapter II Scope and payment of tax
Chapter III Registration
Chapter IV Book keeping and invoicing

requirements
Chapter V Returns
Sales Tax Rules, 2006
Chapter I Registration, Compulsory

registration and De-registration
Chapter II Filing of return
Chapter III Credit and Debit And

Destruction of Goods
Chapter IV Apportionment of Input Tax
70
Learning Outcome
LO5.2.1: Understand the application of
sales tax law on taxable supplies
including zero rated and exempt
supplies
LO5.2.2: State the determination, time
and manner of sales tax liability and
payment using simple examples
LO 5.2.3: Understand how excess input
tax will be carried forward and
refunded.
LO5.3.1: State the requirement and
procedure of registration and deregistration.
LO5.4.1: List the record to be kept by a
registered person
LO5.4.2: State the requirements of tax
invoice
LO5.4.3: Explain the retention period of
record using simple examples.
LO5.5.1: Understand the various types
of returns required to be filed by
registered and un-registered persons.
LO6.1.1: Explain the requirement and
procedure of registration, compulsory
registration and deregistration using
simple examples.
procedure of filing of return using
simple examples.
procedure of issuing debit and credit
notes using simple examples
LO6.3.2: State the procedure for
destruction of goods.
procedure of apportionment of input
tax using simple examples.
CAF-7
FINANCIAL ACCOUNTING AND REPORTING II
Objective
To broaden the knowledge base of basic accounting acquired in earlier modules with emphasis on
International Financial Reporting Standards.
Learning Outcome
1 prepare financial statements in accordance with the relevant law of the country and in
compliance with the reporting requirements of the international pronouncements
2 account for transactions relating to tangible and intangible assets including transactions relating
to their common financing matters and their impairment
3 understand the implications of contingencies; changes in accounting policies , estimates and;
errors and events occurring after reporting period
4 account for transactions relating to taxation and earning per share
5 demonstrate knowledge of basic ethical issues in preparation and reporting of financial
information
Grid
Preparation of separate and consolidated Financial Statements involving single
subsidiary
Accounting for tangible and intangible assets, impairment, leases and borrowing cost
Provisions and contingencies; changes in accounting policies and estimates; errors and
events occurring after reporting period; and taxation and earning per share
Ethics
Total
Syllabus
Ref
A
Contents
Level
Weighting
25-35
30-35
30-35
08-12
100
Learning Outcome
Preparation of separate and

consolidated Financial Statements
involving single subsidiary
1
71
Preparation of financial statements of

limited companies in line with the
requirements of the Companies
Ordinance, 1984 and International
Financial Reporting Standards (IAS 1 and
7 and others included in the syllabus)
excluding liquidations reconstructions
and mergers
LO1.1.1: Identify the laws, regulations,

reporting standards and other
requirements applicable to statutory
financial statements of a limited
company
Syllabus
Ref
Contents
Level
Elimination of investment in subsidiary

and parents equity
Identification of non-controlling interest
Profit and loss from intra-company

transactions relating to assets and
inventories without tax implications
72
Learning Outcome
LO1.1.2: Prepare and present the
following in accordance with the
disclosure requirements of IAS1,
Companies ordinance, fourth schedule
/ fifth schedule
Statement of financial position
Statement of comprehensive
income
Statement of changes in equity
Notes to the financial statements
LO1.1.3: Prepare statement of cash
flows in accordance with the
requirements of IAS 7.
LO1.2.1: Describe the concept of a
group as a single economic unit
LO1.2.2: Define using simple examples
subsidiary, parent and control
LO1.2.3: Describe situations when
control is presumed to exist
LO1.2.4: Identify and describe the
circumstances in which an entity is
required to prepare and present
consolidated financial statements
LO1.2.5: Eliminate (by posting journal
entries) the carrying amount of the
parents investment in subsidiary
against the parents portion of equity of
subsidiary and recognise the difference
between the two balances as either.
goodwill; or
gain from bargain purchase
LO1.3.1: Define and describe noncontrolling interest in the case of a
partially owned subsidiary
LO1.3.2: Identify the non-controlling
interest in the following:
net assets of a consolidated
subsidiary; and
profit or loss of the consolidated
subsidiary for the reporting period
LO1.4.1: Post adjusting entries to
eliminate the effects of intergroup sale
of inventory and depreciable assets.
Syllabus
Ref
Contents
Level
Preparation of consolidated statements

of financial position
Preparation of consolidated statements

of comprehensive income
Learning Outcome
LO1.5.1: Prepare and present simple
consolidated statements of financial
position involving a single subsidiary in
accordance with IFRS 10.
LO1.6.1: Prepare and present a simple
consolidated statement of
comprehensive income involving a
single subsidiary in accordance with
IFRS 10.
Accounting for tangible and intangible

assets, leases and borrowing costs and
their impairment
1
Recognition, de-recognition,
measurement, depreciation /
amortization and measurement after
recognition of non-current assets (IAS 16
and IAS 38)
IFRS 16
Recognition of borrowing costs (IAS 23)
73
LO2.1.1: Explain and apply the

accounting treatment of property, plant
and equipment and intangible assets
LO2.1.2: Formulate accounting policies
in respect of property, plant and
equipment and intangible assets.
LO2.2.1: Describe the method of
determining a lease type i.e. an
operating or finance lease
LO2.2.2: Prepare journal entries and
present extracts of financial statements
in respect of lessee accounting, lessor
accounting, and sale and lease back
arrangements, after making necessary
calculations
in respect of different lease
transactions
LO2.2.4: Analyse the effect of different
leasing transactions on the
presentation of financial statements.
LO2.3.1: Describe borrowing cost and
qualifying assets using examples
LO2.3.2: Identify and account for
borrowing costs in accordance with IAS
23
LO2.3.3: Disclose borrowing costs in
financial statements
in respect of borrowing cost.
Syllabus
Ref
4
Contents
Level
Learning Outcome
LO2.4.1: Identify and assess the
circumstances when the assets may be
impaired
Impairment of assets
LO2.4.2: Discuss the measurement of

recoverable amount
LO2.4.3: Identify a cash-generating unit
and assess its recoverable amount,
including its components
LO2.4.4: Account for the related
impairment expenses (excluding
accounting for reversal of impairment).
C
Provisions and contingencies; changes in

accounting policies and estimates; errors
and events occurring after reporting
period; and taxation
1
Provisions, contingent liabilities and

contingent assets (IAS-37)
Accounting policies, changes in

accounting estimates; and errors (IAS-8)
74
LO3.1.1: Define liability, provision,

contingent liability and contingent asset
also describe their accounting
treatment.
LO3.1.2: Distinguish between
provisions, contingent liabilities or
contingent assets
recognition and de-recognition criteria
for provisions
LO3.1.4: Calculate/ measure provisions
such as warranties/guarantees,
restructuring, onerous contracts,
environmental and similar provisions,
provisions for future repairs or
refurbishments
LO3.1.5: Account for changes in
provisions
LO3.1.6: Disclosure requirements for
provisions.
LO3.2.1: Define accounting policies,
accounting estimates and prior period
errors
LO3.2.2: Account for the effect of
change in accounting estimates and
policies in the financial statements
Syllabus
Ref
Contents
Level
Learning Outcome
LO3.2.3: Understand and analyse using
examples, IFRS guidance on accounting
policies, change in accounting policies
and disclosure
examples, IFRS guidance on accounting
estimates, changes in accounting
estimates and disclosure
examples, IFRS guidance on errors,
correction of errors and disclosure.
Events occurring after the reporting

period (IAS-10)
LO3.3.1: Assess and account for

adjusting and non-adjusting events
after the reporting period.
LO3.3.2 Determine items that require
separate disclosure, including their
accounting treatment and required
disclosures.
75
Taxation: Current year, prior years and

deferred (IAS-12)
Note that the deferred consequences of
the following transactions are not
examinable:
Business combination (including
goodwill
Assets carried at fair value
Un-used tax losses and credits
Re-assessment of un-recognized
deferred tax assets
Investments in subsidiaries, branches,
associates and interest in joint
venture
Items recognized outside profit and
loss account
Share based payment

examples, going concern issues arising
after the end of the reporting period.
LO3.4.1: Define temporary differences
and identify temporary differences that
cause deferred tax liabilities and
deferred tax assets
LO3.4.2: Determine amounts to be
recognised in respect of temporary
differences
LO3.4.3: Prepare and present deferred
tax calculations using the balance sheet
approach
LO3.4.4: Account for the major
components of tax expense/income
and its relationship with accounting
profit
in respect of deferred tax
LO3.4.6: Apply disclosure requirements
of IAS12.
Syllabus
Ref
5
Contents
Level
Earnings per share (IAS 33)
Learning Outcome
LO3.5.1: Calculate Basic EPS in
accordance with IAS 33 bonus and right
issue
LO3.5.2: Explain the purpose and
relevance of calculating Basic EPS.
Ethics
1
Fundamental principles (sections 100 to

150 of the Code of Ethics for Chartered
Accountants)
An understanding of ethics relating to

preparation and reporting of financial
information (Section 320 of Code of
Ethics for Chartered Accountants)
76

the fundamental principles of
professional ethics of integrity,
objectivity, professional competence
and due care, confidentiality and
professional behavior
LO4.1.2: Apply the conceptual
framework to identify, evaluate and
address threats to compliance with
fundamental principles.
the ethical responsibilities of a
Chartered Accountant in preparation
and reporting of financial information.
CAF-8
COST AND MANAGEMENT ACCOUNTING
Objective
To equip candidates with techniques of cost accounting to provide a knowledge base for decision
making skills.
Learning Outcome
1 establish the costs associated with the production of products and provision of services
2 demonstrate an understanding of different costing systems
3 prepare various types of forecasts and budgets
4 apply the concepts of costing in the decision making process
5 demonstrate a functional knowledge of financial instruments
6 apply concept of time value of money
7 understand the concepts of sustainability reporting.
Grid
Costs associated with the production
Costing system
Budget and budgetary controls
Financial instruments , time value of money and sustainability reporting
Total
Syllabus
Ref
Contents
Costs associated with production

1
77
Basis of valuation - FIFO, weighted

average, lower of cost and net realizable
value
Level
Weighting
15-20
25-35
35-45
20-30
100
Learning Outcome
LO1.1.1: Apply inventory valuation

methods ( namely, FIFO, weighted
average, lower of cost and net
realizable value) in simple scenarios
LO1.1.2: Comment on the suitability of
inventory valuation under FIFO,
weighted average, lower of cost and
net realizable value
LO1.1.3: Compare inventory valuation
under FIFO, weighted average, lower of
cost and net realizable value
LO1.1.4: Calculate NRVs of inventories
in a given scenario.
Syllabus
Ref
2
Contents
Economic Order Quantity
Level
2
Safety stock
Re-order level
Manufacturing expenses - actual and

applied
Over or under absorbed overhead
Production and service departments
Apportionment, allocation and

absorption of service departments,
overheads to production
78
Learning Outcome
LO1.2.1: Determine the usefulness of
Economic Order Quantity (EOQ) model
LO1.2.2: Calculate the EOQ from data
provided and apply the concept in
given scenarios
LO1.3.1: Describe safety stocks for
inventories
LO1.3.2: Explain the reasons for
maintaining safety stock
LO1.3.3: Calculate the safety stock from
data provided.
LO1.4.1: Explain the re-order levels and
the objectives of setting re-order levels
LO1.4.2: Calculate re-order levels by
using data provided.
LO1.5.1: Describe manufacturing
overheads using examples
LO1.5.2: Compare manufacturing,
administrative and selling costs
LO1.5.3: Identify manufacturing
overheads from data provided
LO1.5.4: Describe and distinguish
between actual overhead and applied
overhead
LO1.5.5: Calculate applied overheads
using data provided.
LO1.6.1: Compare actual and absorbed
overheads from data provided
LO1.6.2: Analyse over or under
absorption in terms of expenditure and
volume variances
LO1.6.3: Account for over or underabsorbed overheads.
LO1.7.1: Identify production and
service departments in a manufacturing
facility and analyse their related costs
LO1.7.2: Explain the basis of allocation
of cost of service department to
production department.
LO1.8.1: Allocate costs to production
and service departments using
information provided
Syllabus
Ref
Contents
Labour Costing
Level
Learning Outcome
LO1.8.2: Allocate costs of service
departments to production department
using data and information provided.
LO1.9.1: Discuss productivity and
efficiency measurement in relation to
controlling labour costs
remuneration systems, incentive wage
plans and types therein.
LO1.9.3: Record labour costs
LO1.9.4: Apply the impact of learning
curve theory on the productivity of
employees.
Costing systems
1
Marginal costing
Absorption costing
Manufacturing cost accounting cycle
Job order costing
Process costing
79

marginal costing and apply on given
data
LO2.1.2: Explain how marginal costing
helps managerial decisions using
examples.
LO2.2.1: Describe and apply absorption
costing approach in given scenarios
LO2.2.2: Compare marginal costing and
absorption costing
LO2.2.3: Reconcile the differences
between the profits resulting from
marginal and absorption costing.
LO2.3.1: Explain the flow of cost in the
production process using examples
LO2.3.2: Prepare accounting entries for
the flow of cost.
LO2.4.1: Describe job order costing
LO2.4.2: Calculate the cost of a job and
inventories by application of job order
costing
LO2.4.3: Prepare accounting entries
under the job order costing system.
LO2.5.1: Describe the process costing
including the treatment of normal /
abnormal loss / gain
LO2.5.2: Calculate cost of product and
inventories by application of process
costing
Syllabus
Ref
Contents
Level
Treatment of Joint and By-Products
Cost of services rendered
Standard costing
Variance analysis-material, labour and

overhead
10
Target costing
Learning Outcome
LO2.5.3: Prepare accounting entries
under the process costing system.
LO2.5.4: Account for the cost of
rework
LO2.5.5: Account for the units added in
subsequent departments
LO2.5.6: Account for the N.R.V of byproduct in process account.
LO2.6.1: Describe joint and by products
using examples
LO2.6.2: Allocate joint production costs
using sales value, physical units,
average units and weighted average
methods
LO2.6.3: Account for by-products using
recognition of gross revenue,
recognition of net revenue and
replacement cost approaches.
LO2.7.1: Explain how
departmentalization in a service
organisation helps in cost planning and
control
LO2.7.2: Calculate cost of services
rendered by a service organisation.
LO2.8.1: Explain standard costing using
examples
LO2.8.2: Perform standard setting for
material, labour and factory overhead.
LO2.9.1: Calculate, analyse and
interpret various variances relating to
material, labour and factory overhead.
LO2.10.1: Describe target costing and
how target cost is determined
LO2.10.2: Apply the target costing tools
to given scenarios.
Budget budgetary controls and decision

making
1
80
Planning, forecasting and budgeting of

sales, cost and profit
LO3.1.1: Explain how budgeting process

works and how it fits into overall
planning and control
Syllabus
Ref
Contents
Level
Learning Outcome
LO3.1.2: Prepare forecasts on given
data and assumptions using Qualitative
and Quantitative methods including
Time Series Models, Moving Averages
and Linear Regression Analysis.
LO3.1.3: Identify and describe different
purposes of budgeting
LO3.1.4: Identify and describe the
various stages in the budgeting process
LO3.1.5: Prepare following types of
budgets:
fixed and flexible budgets;
performance budgeting;
sales budget;
production budget;
direct materials budget;
direct labour budget;
manufacturing overhead budget;
inventory budget;
cost of goods sold budget;
selling and administrative expenses
budget with inflation aspects;
Master/cash budget;
zero based budgets, and
capital expenditure budgets;
LO3.1.6: Discuss various approaches to
Budgeting (i.e. flexible and fixed
budgets, incremental budgeting, zero
based budgeting, continuous (rolling)
budgeting and performance budgeting
Opportunity cost
Relevant cost
Breakeven analysis
81
LO3.1.7: Describe the human &

motivational aspects of budgets
LO3.1.8: Describe budgeting and
planning in a non-profit organisation
LO3.2.1: Describe opportunity cost
using examples.
LO3.3.1: Describe relevant costs using
examples
LO3.3.2: Identify the costs that are
relevant to a particular decision in given
data.
LO3.4.1: Explain the break-even point
using examples and margin of safety
Syllabus
Ref
Contents
Level
Make or buy decisions
Pricing for special orders
Further processing decisions
Learning Outcome
LO3.4.2: Calculate the breakeven point
in quantity and amount from
information provided
LO3.4.3: Apply cost volume profit (CVP)
analysis and explain its usefulness for
management.
LO3.5.1: Apply marginal and relevant
costing concepts to analyse make or
buy options
LO3.5.2: Analyse make or buy options
in case of capacity constraints
importance of qualitative
considerations in make or buy
decisions.
LO3.6.1: Perform incremental cost
benefit analysis for a special order.
LO3.7.1: Perform incremental cost
benefit analysis for further processing
costs.
Financial instruments (basic functions) ,

Time value of money and Sustainability
reporting
1
Business Finance: Shares, debentures,

bonds, futures, options, cap, floor, collar,
swaps, forward
LO4.1.1: Recognise common sources of

finance
LO4.1.2: Describe factors that need to
be considered before raising finance.
LO4.1.3: Explain and discuss methods
of raising equity finance, including:
Initial Public Offer (IPO)

Private Placing
Right Issue
LO4.1.4: Explain (with examples) the

difference between short term and long
term debt finance and factors
influencing choice of such finance
LO4.1.5: Discuss the advantages and
disadvantages of Debt Finance
82
Syllabus
Ref
Contents
Level
Learning Outcome
LO4.1.6: Understand the basic features
of following debt finances:
bonds,
loan notes,
debentures,
commercial paper
loan stock
deeply discounted bonds
zero coupon bonds
euro bonds
convertible bonds and securities
warrants and hybrids
bank Loans
leases
certificate of deposits (CDs)
treasury bills (T Bills)
LO4.1.7: Explain and discuss other

common sources of finance:
venture capital
Business angels
private equity Funds
asset securitization and sale
LO4.1.8:Describe direct and indirect
investment using examples
LO4.1.9: Describe using examples
shares, debentures, bonds, futures,
options
examples the following characteristics
of indirect investments and compare
them with direct investments:
Divisibility
Liquidity
Holding period
investment and speculation using
simple examples
examples cap, floor, collar, swaps,
forwards.
83
Syllabus
Ref
2
84
Contents
Computation and usefulness of net
present value and internal rate of return
An introduction to sustainability
reporting
Level
1
Learning Outcome
LO4.2.1: Explain the time value of
money
LO4.2.2: Identify and calculate relevant
cash flows for investment projects.
LO4.2.3: Calculate net present value
and internal rate of return of given cash
flows.
LO4.2.4: Assess the usefulness of NRV
and IRR models.
LO4.3.1: Understand different phases
of reporting
sustainability reporting
integrated reporting
LO4.3.4: Identify and explain the users
of sustainability report
LO4.3.5: Explain benefits of
sustainability reporting and apply this in
given scenarios
LO4.3.6: Explain the IFAC Framework of
sustainability reporting
LO4.3.7: Explain Key themes and key
considerations of sustainability
reporting (Business strategy
perspective, operational perspective
and reporting perspective).
CAF-9
AUDIT AND ASSURANCE
Objective
To acquire knowledge of theory, skills, techniques of auditing and to enable the students to understand
International Standards on Auditing, Assurance and Ethics.
Learning Outcome
1 demonstrate knowledge of general concepts governing an audit
2 demonstrate working knowledge in respect of performance of simple audit procedures and
understand the audit report requirement under the companies ordinance, 1984
3 understand the requirement and application guidelines relating to some of the specific areas of
audit procedures including external confirmation, review of subsequent events etc.
4 comprehend nature of engagements of review of interim financial statements
5 demonstrate familiarity with computer programming and IT controls relevant to financial
reporting
6 respond on audit matters in the light of fundamental principles given in the code of ethics.
Grid
General concepts and principles of audit
Performance of audit and reporting
Specific areas
Computer programming and IT controls
Professional Ethics
Total
Syllabus
Ref
Contents
General concepts and principles of audit
Level
Introduction to International Federation

of Accountants
Introduction to international auditing and

assurance standard setting body
Objective and general principles
governing an audit (ISA 200)
85
Weighting
15-20
25-35
20-25
10-15
10-15
100
Learning Outcome
LO1.1.1: Briefly describe the

organisational overview encompassing
History;
Vision and mission
LO1.2.1: Briefly describe the objectives
and functions of IAASB.
LO1.3.1: Describe the objectives of
audit including concepts of
accountability, stewardship, agency,
independence and fair presentation
Syllabus
Ref
Contents
Level
Learning Outcome
LO1.3.2: Describe the overall objectives
of the independent auditor.
assurance and levels of assurance i.e.
absolute, reasonable and limited
assurance including elements of an
assurance engagement, assurances
provided by audit and review
engagement
LO1.3.4: Explain the requirements of an
external audit, eligibility and ineligibility
of auditor
LO1.3.5: Describe the rights and duties
of auditors
LO1.3.6: Explain the nature and scope
of an audit designed to enable the
independent auditor to meet those
objectives
LO1.3.7: Outline the requirements
establishing the general responsibilities
of the independent auditor applicable
in all audits including consideration of
inherent limitations of an audit
LO1.3.8 Discuss the concept of
professional skepticism.
LO1.3.9: Discuss the concept of interim
and final audit
LO1.3.10: List the audit procedures that
can be performed by the external
auditor at the interim and final stage of
an audit
Responsibility for the financial

statements
Auditors responsibility to consider fraud

(ISA 240)
86
LO1.3.11: Discuss the concept of audit

of Not-for-profit organisations.
LO1.4.1: Understand the responsibility
of management and those charged with
governance for financial reporting and
related internal control on financial
reporting.
LO1.5.1: Distinguish between the terms
error, fraud and misstatement
LO1.5.2: Compare the respective
responsibilities of management and
auditors for fraud
Syllabus
Ref
Contents
Level
Legal considerations relating to

appointment and removal of auditors
(sections 252 to 260 of the Companies
Ordinance 1984)
Terms of Audit engagements (ISA 210)
87
Learning Outcome
LO1.5.3: Describe the matters to be
considered and procedures to be
carried out to assist the auditor in
identifying, assessing and detecting the
risks of material misstatement due to
fraud
LO1.5.4: Identify the fraud risk factors
in the simple scenario as given in the
appendix 1 of ISA 240
LO1.5.5: Identify the circumstances that
indicate the possibility of fraud in the
simple scenario as given in the
appendix 3 of ISA 240.
LO1.6.1: Explain how the first and
subsequent auditors are appointed
LO1.6.2: Explain how the first and
subsequent auditors are removed
LO1.6.3: Describe qualification and
disqualification of the auditor
LO1.6.4: Describe the powers and
duties of auditors
LO1.6.5: Describe the concept of audit
of cost accounts
LO1.6.6: Discuss the additional matters
to be included in the auditors report.
LO1.7.1: Describe the preconditions for
an audit and upon which it is necessary
for the auditor and the entitys
management to agree
LO1.7.2: Respond if preconditions are
not present or limit is imposed on
scope of audit in well explained simple
situations
LO1.7.3: State the contents of an audit
engagement letter
LO1.7.4: Discuss the requirement of
issuance of engagement letter and
factors that necessitate the issuance of
engagement letter in case of recurring
audit
LO1.7.5: Discuss the circumstances of
acceptances of changes in terms of
engagement by the auditor.
Syllabus
Ref
Contents
Performance of audit and reporting
Level
Planning an audit (ISA 300)
Assessment of audit risks (ISA 315 and

330)
88
Learning Outcome
LO2.1.1: Discuss the need for planning

an audit including contents of an audit
plan and its relation with risk
assessment
LO2.1.2: Discuss the contents of overall
audit strategy and audit plan
LO2.1.3: State who should be involved
in planning and what preliminary
engagement activities are necessary
LO2.1.4: Outline the additional
considerations that should be identified
while planning the initial audit.
LO2.2.1: Discuss the risk based
approach to auditing including audit
risk model
LO2.2.2: Identify the inherent risk,
control risk and detection risk in simple
scenario
LO2.2.3: Explain relationship between
audit risk and its components i.e.
inherent risk, control risk and detection
risk
LO2.2.4: Discuss the identification and
assessment of the risks of material
misstatement at both the financial
statement level and assertion level,
including understanding of entity, its
environment, accounting and internal
control systems
LO2.2.5: Explain the elements of
internal control
LO2.2.6: Discuss the evaluation of
controls and control environment and
communication of deficiencies to the
management
LO2.2.7: Explain the categories of
control activities (internal controls) by
using simple examples including
Application and General IT Controls
Syllabus
Ref
Contents
Level
Audit materiality (ISA 320)
Audit evidence (ISA 500)
89
Learning Outcome
LO2.2.8: Explain and identify the
control weaknesses in the given
scenario and suggest appropriate
recommendations to remove these
weaknesses
LO2.2.9: Discuss and explain the
limitations of internal control system
LO2.2.10: Discuss and explain the risks
in specialised IT systems
LO2.2.11: Explain the different methods
of recording internal control systems.
LO2.3.1: Explain the concepts of
materiality and performance
materiality using simple examples.
LO2.3.2: Explain materiality level or
levels for particular classes of
transactions, account balances or
disclosures
between audit risk and level of
materiality
LO2.4.1: Explain, using examples,
sufficient appropriate audit evidence
LO2.4.2: Discuss the general principles
assisting the auditor in assessing the
relevance and reliability of audit
evidence
LO2.4.3: Discuss audit procedures to
obtain audit evidence including types of
audit procedures
LO2.4.4: Discuss the course of action
available to auditor in case sufficient
appropriate audit evidence is not
obtained
LO2.4.5: Explain the financial statement
assertions including Assertions about
class of transactions, account balances
and presentation and disclosure
LO2.4.6: Explain the audit work related
to Inventory
Syllabus
Ref
Contents
Level
Audit sampling (ISA 530)
Substantive procedures (ISA 330)
Tests of controls (ISA 330)
90
Learning Outcome
LO2.5.1: Explain audit sampling,
statistical sampling and sampling and
non-sampling risk using simple
examples
LO2.5.2: Discuss the relationship
between sampling and audit risk model
LO2.5.3: Explain what matters are
considered by auditors in respect of
sample design, size and selection of
items for testing using simple examples
including sample selection method
LO2.5.4: Discuss the concept of
misstatement and rate of deviation
including expected and tolerated
LO2.5.5: State the audit procedures to
be performed on selected sample
LO2.5.6: Discuss the concept of
projecting misstatement and evaluating
the results of audit sampling.
LO2.6.1: Understand the financial
statement assertions
LO2.6.2: Briefly explain the advantages
and dis-advantages of both test data
and audit software.
LO2.6.3: Discuss the use of computer
software in substantive testing,
auditing around the computer and
directional testing
LO2.6.4: Discuss the methods of
obtaining audit evidence for
substantive testing
LO2.6.5: Explain the nature, extent and
timing of substantive procedures for
different items of financial statements.
LO2.7.1: Explain the nature, extent and
timing of test of controls using simple
examples
Computer Assisted Audit Techniques
LO2.7.3: Explain how auditors evaluate
the operating effectiveness of controls
using simple examples
Syllabus
Ref
Contents
Analytical procedures (ISA 520)
Documentation (ISA 230)
Level
Learning Outcome
LO2.7.4: Explain the controls over
major transaction cycles including
related risks, weaknesses control
objectives and designing appropriate
tests of controls.
LO2.8.1: Explain the nature and
purpose of substantive analytical
procedures using simple examples
LO2.8.2: State the purpose of analytical
procedures performed near the end of
the audit
LO2.8.3: Applying analytical procedures
through calculations of different ratios
for different items of financial
statements
LO2.8.4: Factors to be considered when
using analytical procedures as
substantive procedures
LO2.8.5: Course of action when results
of analytical procedures identify
fluctuations and inconsistencies.
LO2.9.1: Explain the nature and
purpose of audit documentation
LO2.9.2: Describe the form, content
and extent of audit documentation
using simple examples
LO2.9.3: Discuss the use of computer
based audit working papers
between permanent and current
working papers with examples.
LO2.9.5: List the contents of working
paper file / audit documentation
LO2.9.6: Discuss the ownership,
custody and confidentiality of audit
working papers
LO2.9.7: Understand the nature of
assembly of the final audit file.
LO2.9.8: Explain the features of audit
working papers.
91
Syllabus
Ref
10
Contents
Audit opinion and form of audit report
under International Standards on
Auditing and under the Companies
Ordinance 1984 and Going Concern (ISA570 Revised)
Level
2
Learning Outcome
LO2.10.1: Understand modified and
unmodified audit opinion
LO2.10.2: Explain qualified opinion,
disclaimer of opinion and adverse
opinion
LO2.10.3: Explain emphasis of matter
and other matter in the auditors report
LO2.10.4: List the circumstances under
which an external auditor uses an
emphasis of matter and other matter
paragraph in the auditors report
LO2.10.5: Discuss the modification of
audit opinion and audit report in
different situations including when
entity is not a going concern and
related concepts.
LO2.10.6: Drafting of opinion paragraph
LO2.10.7: Key Audit matters and other
related concepts as per ISA 701.
LO2.10.8: Briefly state the contents of
the auditors report under International
Standards on Auditing and under the
Companies Ordinance 1984
LO2.10.9: Explain the differences
between auditors report under
International Standards on Auditing and
under the Companies Ordinance 1984
LO2.10.10: State the penalty for
noncompliance with provisions related
to the audit report.
Specific areas
1
External confirmations (ISA 505)
LO3.1.1: Define external confirmation

and list various types of third party
confirmations available to an external
auditor.
LO3.1.2: Describe the significance of
using external confirmation procedures
for obtaining relevant and reliable audit
evidence
LO3.1.3: Describe the steps involved in
external confirmation procedures
92
Syllabus
Ref
Contents
Level
Subsequent events (ISA 560)
Written representation (ISA 580)
93
Learning Outcome
LO3.1.4: Differentiate between the
positive confirmation request and
negative confirmation request,
including their appropriateness in
different situations
LO3.1.5: Discuss the conditions of
sending negative confirmations
LO3.1.6: Discuss the auditors course of
action if management refuses to allow
auditor to send confirmation.
LO3.2.1: Explain subsequent events and
its relevance with the following critical
dates
Date of the financial statements
Date of approval of the financial
statements
Date of the auditors report
Date the financial statements are
issued
LO3.2.2: Explain the subsequent events
review procedure
LO3.2.3: Discuss the classification of
subsequent events into adjusting and
non-adjusting events
LO3.2.4: Describe the auditors
responsibility in respect of following
situations
Events occurring between the date
of the financial statements and the
date of the auditors report
Facts which become known to the
auditor after the date of the
auditors report but before the date
the financial statements are issued
Facts which become known to the
auditor after the financial
statements have been issued
LO3.2.5: Identify the subsequent events
and explain the auditors responses.
LO3.3.1: Discuss the nature of written
representations as audit evidence
Syllabus
Ref
Contents
Level
Consideration of related parties (ISA 550)
Using the work of internal auditors and

auditors experts (, ISA 610 and ISA 620)
94
Learning Outcome
LO3.3.2: Discuss the circumstances
where written representations are
necessary and the matters on which
representations are commonly
obtained
LO3.3.3: Discuss the form and content
of written representations
LO3.3.4: Explain the various types of
written representation
action if management refuses to
provide requested written
representation.
action when there is doubt as to the
reliability of written representation
provided by the management.
LO3.4.1: Describe the term related
party using simple examples
LO3.4.2: Discuss how related party
transactions can give rise to the risk of
material misstatement using simple
examples
LO3.4.3: describe the audit procedures
including risk assessment procedures
and related activities to obtain
information relevant to identifying the
related party relationships and
transactions including responses to the
assessed risk of material misstatement.
between the external auditor with
internal auditors and auditors experts
LO3.5.2: Explain the internal audit
function including internal audit
activities
LO3.5.3: Discuss the factors
determining the independence of
internal auditors and weaknesses and
limitations of internal audit
LO3.5.4: Discuss how external auditors
determine whether and to what extent
they use the work of internal audit
Syllabus
Ref
Contents
Engagement to review financial

statements 2400
Level
Learning Outcome
LO3.5.5: Discuss how the auditor
assesses the work of an expert
LO3.5.6: Discuss how the external
auditor uses the work of an auditors
expert when that work is used to assist
in obtaining sufficient appropriate audit
evidence.
LO3.6.1: Explain the objective of a
review engagement of financial
statements and how it differs from an
audit
LO3.6.2: State the terms of
engagement which may be included in
the engagement letter
LO3.6.3: Explain assurance and nonassurance engagement with examples.
LO3.6.4: Describe the procedures
generally adopted by the practitioner to
obtain evidence in review engagements
LO3.6.5: Discuss and explain the report
issued under engagement to review
financial statements.
Computer programming and IT controls

1
Benefits and limitations of flowcharts
LO4.1.1: Describe the macro, mini and

micro level details of flowcharts
LO4.1.2: State the benefits and
limitations of flowcharts using simple
examples.
Types of flowcharts
General and application controls in IT

systems/environment
LO4.2.1: Classify and distinguish

between types of flowcharts, namely,
linear, deployment and opportunity
flowcharts
LO4.2.2: Draw different types of
flowcharts for given situations
LO4.3.1: Describe general controls and
classify them into environment,
development, maintenance and
operational controls using simple
examples
LO4.3.2: Describe IT application
controls using simple examples
95
Syllabus
Ref
Contents
Level
Preventative, detective and corrective

controls
Logical access controls
Learning Outcome
LO4.3.3: Discuss the evaluation of
various IT controls including
authorization, separation of
duties/functions, adequacy of
documentation, access controls,
safeguard of IT assets, independent
check on performance, verification of
accounting records, comparison of
accounting records with assets,
computer-dependent controls (edit,
validation, etc.), user controls (control
balancing, manual follow-up, etc.),
audit trails
LO4.3.4: State controls over data
transmission
LO4.4.1: Describe preventative,
detective and corrective controls using
simple examples.
LO4.4.2: Describe procedures and
controls for identification/investigation
/correction / tracking of errors in IT
systems/environment
LO4.5.1: Describe logical access
controls for a given situation/system.
LO4.5.2: Describe the usefulness of
system logs for analysing a systems
performance.
Professional Ethics
1
96
Fundamental principles (sections 100 to

150 of the Code of Ethics for Chartered
Accountants)

the fundamental principles of
professional ethics of integrity,
objectivity, professional competence
and due care, confidentiality and
professional behavior
address threats to compliance with
fundamental principles
LO5.1.3: Understand the threats and
circumstances that cause threats of
selfinterest, self-review, advocacy,
familiarity, and intimidation
Syllabus
Ref
97
Contents
Client and engagement acceptance

(section 210 of the Code of Ethics for
Chartered Accountants)
Level
Learning Outcome
LO5.1.4: Discuss the safeguards to
offset the threats to compliance with
the fundamental principles
LO5.1.5: Discuss the concept of ethical
conflict resolution.
LO5.2.1: Explain the advertisement and
publicity guidelines of ICAPs Code of
Ethics for obtaining the audit work
address threats in case of Fees, Referral
Fees and Tendering for audit work.
the matters to be considered and the
procedures that an audit firm/
professional accountant should carry
out in the following circumstances:
Client acceptance
Engagement acceptance
Changes in a professional
appointment (including Additional
work, Mid-Term Removal and Non
reappointment)
PCSC 01
PRESENTATION AND COMMUNICATION SKILLS COURSE - I
50 Hours Course to be completed in any RAET or recognized institutes
Learning outcomes of the Course
S.No.
1
3
4*
5*
6*
Skills
Intellectual
Demonstrate openness and objectivity in giving and receiving
feedback.
Interpersonal and Communication
Present information in written and numeric form clearly.
Depict awareness of clear communication.
Demonstrate listening skills and understand given instructions.
Professional skepticism and professional judgment
Probe and question the relevant facts.
Write Essay on topics generally known to a school leaver.
Write meaningful and effective Prcis.
Write business letter on a well explained scenario.
Write short business report on a well explained scenario.
Total
Methodology
Method
*Classroom lectures on presentation, group discussion and
writing skills and practice
Formal presentations before a group:
Attended
Presented
Facilitators feedback on presentations
Group discussion on pre-seen and well prepared topics
*Essay writing on unseen topics
*Prcis writing
*Write business letter on a well explained scenario
*Write short business report on a well explained scenario
*Feedback of trainer on essay, prcis, letters and short
business reports written by students
Weighting
10
30
10
10
15
10
15
100
Numbers
5
Hours
10
12
6
2
4
3
4
6
3
6
3
6
8
3
3
3
3
5
50
Note: *Syllabus has been revised in 264th meeting of the Council held on May 8th and 9th , 2015. The
Institute shall conduct a Writing Skills Test of I hour 15 minutes duration that shall carry 40 marks.
Subject to a transition under Directive 1.01, passing of the Test shall be a condition for issuance of
Course Completion Certificate.
98
PCSC 02
PRESENTATION AND COMMUNICATION SKILLS COURSE - II
50 Hours Course to be completed in any RAET or recognized university
Learning outcomes of the Course
S.No.
1
Skills
Intellectual
Demonstrate openness and objectivity in giving and receiving
feedback.
Apply reasoning, critical analysis and innovative thinking and
recommend solutions to problems.
Interpersonal and Communication
Present information in written and numeric form clearly. Depict
awareness of clear communication.
Demonstrate listening skills and understand given instructions.
Apply consultative skills to minimise or resolve conflict and
solve problems.
Present ideas and influence others to provide support and
commitment.
Professional skepticism and professional judgment
Probe and question the relevant facts.
Identify and evaluate reasonable alternatives to reach wellreasoned conclusions based on all relevant facts and
circumstances.
Ethical principles
Apply the fundamental ethical principles, namely, integrity,
objectivity, professional competence and due care,
confidentiality and professional behavior to respond to ethical
dilemmas.
Total
Weighting
5
5
50
10
5
5
5
5
10
100
Methodology
Method
Classroom lectures and practice
Formal presentations before a group:
Attended
Presented
Facilitators feedback on presentations
Group Discussion on pre-seen and well prepared topics
99
Minimum
Numbers
6
Minimum
Hours
12
8
2
2
24
4
5
5
50
12
100

Syllabus: Winter 2016 and Spring 2017

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Syllabus: Winter 2016 and Spring 2017

Uploaded by

Copyright:

Available Formats

SYLLABUS

Winter 2016 and Spring 2017

SYLLABUS SPRING 2017

ASSESSMENT OF FUNDAMENTAL COMPETENCIES

INTRODUCTION TO INFORMATION TECHNOLOGY

CERTIFICATE IN ACCOUTING AND FINANCE

INTRODUCTION TO ECONOMICS AND FINANCE

BUSINESS MANAGEMENT AND BEHAVIORAL STUDIES

FINANCIAL ACCOUNTING AND REPORTING I

FINANCIAL ACCOUNTING AND REPORTING II

COST AND MANAGEMENT ACCOUNTING

AUDIT AND ASSURANCE

PRESENTATION AND COMMUNICATION SKILLS COURSE - I

PRESENTATION AND COMMUNICATION SKILLS COURSE - II

SYLLABUS SPRING 2017

Meanings and application of vocabulary

LO1.1.1: Comprehend the role that

Practical use of Grammar

SYLLABUS SPRING 2017

Phrases and idioms

Direct and indirect speech

Active and passive voice

LO2.3.1: Construct meaningful

Comprehension and Speed reading

LO3.1.1: Comprehend a brief write up

SYLLABUS SPRING 2017

Introduction to business communication

LO1.1.1: Define business

SYLLABUS SPRING 2017

Seven Cs of effective communication

Intra-personal and Inter-personal skills

Nature of Intra-personal communication

Nature of Interpersonal communication

LO2.1.1: Develop an awareness and

SYLLABUS SPRING 2017

SYLLABUS SPRING 2017

Communication via the internet

Website hosting (types and services)

Types of electronic communication

LO3.1.1: State meaning, types and

SYLLABUS SPRING 2017

SYLLABUS SPRING 2017

Exponential and logarithmic functions

Equation of straight line

Application of straight line in business

Simultaneous equation- linear and

System of linear inequalities and their

Factorisation of equations including

LO1.1.1: Demonstrate adequate

SYLLABUS SPRING 2017

LO1.9.1: Use geometric progression in

Internal rate of return

Interpolation and perpetuities

Graphical solution to linear programming

LO3.1.1: Demonstrate adequate

SYLLABUS SPRING 2017

Rules for differentiation- Sum, difference,

Use of second order derivatives; maxima,

Matrices and determinants

Fundamentals of matrices, addition,

Solution of simultaneous linear equations

LO4.1.1: Demonstrate an adequate

Presentation and use of data