Embedded Files
1. Lectures
1-1 Terminology, formats and concepts [O]
1-1 Terminology, formats and concepts [O]
1-2 Recognition & Measurement [O]
1-2 Recognition & Measurement [O]
1-3 Financial Statements & Fund Accounting [R]
1-3 Financial Statements & Fund Accounting [R]
1-4 Contribution (Income / receivable/ non-cash) [R]
1-4 Contribution (Income / receivable/ non-cash) [R]
1-5 Membership Fee  [O]
1-5 Membership Fee  [O]
1-6 Government Funding [O]
1-6 Government Funding [O]
1-7 Revenue Recognition: Deferral Method [R]
1-7 Revenue Recognition: Deferral Method [R]
1-8 Inventories [O]
1-8 Inventories [O]
1-9 Collections [O]
1-9 Collections [O]
1-10 Property, plant & Equipment [O]
1-10 Property, plant & Equipment [O]
1-11 Statement of Financial Position [O]
1-11 Statement of Financial Position [O]
1-12 Statement of Income and Expenditure [R]
1-12 Statement of Income and Expenditure [R]
1-13 Statement of changes in net assets [R]
1-13 Statement of changes in net assets [R]
1-14 Statement of Cash Flows [O]
1-14 Statement of Cash Flows [O]
2. Practice Q&A
2-1 Q&A Gulshan Cricket Club [X]
2-1 Q&A Gulshan Cricket Club [X]
2-2 Q&A AB Sports and Social Club [R]
2-2 Q&A AB Sports and Social Club [R]
2-3 Q&A LH Sports Club [X]
2-3 Q&A LH Sports Club [X]
2-4 Q&A Giltan Golf Club [X]
2-4 Q&A Giltan Golf Club [X]
2-5 Q&A Monarch Sports Club [X]
2-5 Q&A Monarch Sports Club [X]
2-6 Q&A Sehat Club [X]
2-6 Q&A Sehat Club [X]
2-7 Q&A Nawabsher Youth Movement [X]
2-7 Q&A Nawabsher Youth Movement [X]
2-8 Q&A Peshawar Business Club [X]
2-8 Q&A Peshawar Business Club [X]
2-9 Q&A Professional Sports Club (I) [I]
2-9 Q&A Professional Sports Club (I) [I]
3. Past Exam Q&A
3-1 Q&A Seaview Club (ICAP Spring 2016) [I]
3-1 Q&A Seaview Club (ICAP Spring 2016) [I]
Query: Sir, in seaview club qs we took joining fee to income directly while in Oracle Family Club we are presenting it as a fund, why? In both qs there are no further details relating to joining fee.
Response: It all is based on question data:
1. In Oracle Family Club question, Joining fee was received but not included in income, so we naturally assumed that it is deferred (either as liability or as fund)[same as ICAP suggested answer].
2. In Seaview Club, question did not mention anything about deferring, so we included all in income [same as ICAP suggested answer].
3-2 Q&A Leisure Club (ICAP Spring 2017) [I]
3-2 Q&A Leisure Club (ICAP Spring 2017) [I]
Query: sir kion ke requirement bhi nahi thi sofp ki comparative fig ki to aisa ho sakta hai ke pehle total of funds and liabilities likh lain aur as a balancing figure acc funds find out kar lain
Response: The marking scheme included 0.5 separate marks for calculating accumulated fund properly. We suggest to determine accumulated fund through comparative because that ensures that answer is really tally (taking balancing figure from current year would not ensure that.)
3-3 Q&A Violen Family Club (ICAP Spring 2019) [X]
3-3 Q&A Violen Family Club (ICAP Spring 2019) [X]
3-4 Q&A Moderna Sports Club (ICAP Spring 2021) [R]
3-4 Q&A Moderna Sports Club (ICAP Spring 2021) [R]
3-5 Q&A Chongtar Int'l Hospital | ICAP Spring 2020 (Amended) [R]
3-5 Q&A Chongtar Int'l Hospital | ICAP Spring 2020 (Amended) [R]
3-6 Q&A Cereus Golf Club | ICAP Autumn 2021 [R]
3-6 Q&A Cereus Golf Club | ICAP Autumn 2021 [R]
3-7 Q&A Mahtab Welfare Hospital (ICAP Spring 2022) [I]
3-7 Q&A Mahtab Welfare Hospital (ICAP Spring 2022) [I]
3-8 Q&A Oracle Family Club (ICAP Autumn 2022) [I]
3-8 Q&A Oracle Family Club (ICAP Autumn 2022) [I]
Query: Sir, in seaview club qs we took joining fee to income directly while in Oracle Family Club we are presenting it as a fund, why? In both qs there are no further details relating to joining fee.
Response: It all is based on question data:
1. In Oracle Family Club question, Joining fee was received but not included in income, so we naturally assumed that it is deferred (either as liability or as fund)[same as ICAP suggested answer].
2. In Seaview Club, question did not mention anything about deferring, so we included all in income [same as ICAP suggested answer].
3-9 Q&A Aztec Sports Club (ICAP Spring 2023) [I]
3-9 Q&A Aztec Sports Club (ICAP Spring 2023) [I]
4. Objective Based Q&A
4-1 MCQs [1 to 12] [O]
4-1 MCQs [1 to 12] [O]
4-2 MCQs [13 to 24] [O]
4-2 MCQs [13 to 24] [O]
4-3 MCQs [25 to 36] [O]
4-3 MCQs [25 to 36] [O]
4-4 MCQs 1 to 10 (ASNPO) [O]
4-4 MCQs 1 to 10 (ASNPO) [O]
4-5 MCQs 11 to 20 (ASNPO) [O]
4-5 MCQs 11 to 20 (ASNPO) [O]
Page updated
Google Sites
Report abuse