Syllabus:

The Certified Accounting Professional (CAP) is the flagship program of the Association of Accounting Professionals (AAP). Upon completion, participants will have honed essential skills in financial statement analysis, International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS), budgeting, and sustainability management.

This program is exclusively available for student members who meet the prerequisite entry requirements. The exam is divided into four parts, each with its own weight.

1. Financial Accounting (50%)
2. Financial Statement Analysis (20%)
3. Budgeting & Forecasting (10%)
4. Business Economics (10%)
5. Sustainability Management (10%)

Topics Covered:

1. Financial Accounting [Marks 40]

A) Fundamental of Accounting (Marks: 10)
a) Introduction to Accounting
b) The Role of an Accountant
c) Accounting Concepts and Standards
d) Journals and Subsidiary Books
e) Profit and Loss Accounts
f) Balance Sheet
B) IAS/IFRS (Marks: 30)
a) IAS 1 : Presentation of Financial Statement
b) IAS 2 : Inventories
c) IAS 37: Provisions, Contingent Liabilities and Contingent Assets
d) IFRS 15: Revenue from Contracts with Customers

2. Financial Statement Analysis [Marks 16]
   a) Introduction of FSA
   b) Ratio Analysis
   c) Break-even Analysis
   d) Variance Analysis
3. Budgeting & Forecasting [Marks 8]
   a) Principles and concept of Costing
   b) Direct, Indirect Cost
   c) Overhead allocation
   d) Master Budget
4. Business Economics [Marks 8]
   a) Introduction of Economics
   b) Cost concept in Economics
   c) The Reddy Mikks Company Model
5. Sustainability Management [Marks 8]
   a) Introduction of sustainability
   b) Fundamentals of sustainability management
   c) The systems thinking and circular business model.
   d) Sustainable consumption and production.