Embedded Files
Ch 1: IAS 10, IAS 37 & IFRIC 1
Ch 1: IAS 10, IAS 37 & IFRIC 1
IAS 10: Events after the reporting period
Objective, Scope and Definitions [FL001]
Recognition and Measurement [FL002]
Q&A Tibet Limited | ICAP Spring 2021 [FR146]
Q&A Attock Technologies Limited [FR006]
IAS 37: Definitions and Recognition
Q&A 11 Independent Scenarios [FR032]
IAS 37: Measurement, Reimbursement and Changes
Provision Changes and Use [FL017]
Q&A Quality Garments Limited | ICAP Autumn 2014 [FR016]
IAS 37: Specific Application
Q&A Karim Limited | ICAP Spring 2017 [FR007]
Q&A Turquoise Limited | ICAP Autumn 2019 [FR029]
Q&A Naba Power Limited | ICAP Autumn 2017 [FR025]
IAS 37: Disclosure
Q&A Industrial Chemicals Limited | ICAP Autumn 2015 [FR018]
Q&A Multan Petrochem Limited [FR013]
Q&A Sahiwal Transformers Limited [FR033]
IFRIC 1: Changes in Existing decommissioning, restoration and similar liabilities
Q&A: Violet Power Limited [FR009]
Q&A: Gladiator Limited [FR010]
Comprehensive Examples
Q&A Zamil Limited | ICAP Spring 2015 [FR017]
Q&A Neptune Limited | ICAP Autumn 2016 [FR019]
Q&A Sukoon Airlines Limited | ICAP Autumn 2020 [FR031]
Q&A Melon Limited | ICAP Autumn 2018 [FR026]
Q&A Oval Limited | ICAP Spring 2019 [FR028]
Q&A: Holwah Automobiles Limited | ICAP Autumn 2021 [FR154]
Q&A: Waste Management Limited [FR012]
Q&A Grateful (& Gratified) Industries Limited (ICAP Spring 2022) [FR157]
Q&A Cone Motors Limited (ICAP Autumn 2022) [FR185]
Q&A Uranium (& Uraninite) Limited (ICAP Spring 2023) [FR205]
Q&A Jahlar Cosmetics Limited (ICAP Autumn 2023) [FR286]
Q&A Weekday Limited (ICAP Autumn 2024) [FR310]
Q&A Gorgeous Limited (ICAP Spring 2024) [FR305]
Q&A Versace Limited (ICAP Spring 2025) [FR335]
Objective Based Q&A
Ch 2: Financial Instruments
Ch 2: Financial Instruments
Introduction
Classification
Measurement
Measurement of Financial Assets [FL047R]
Q&A Rashid Industries Limited [FR060]
Measurement Financial Liabilities [FL048]
Impairment of financial assets [Work in Process]
Impairment - Comprehensive Lecture [FL199]
Q&A Kashif Textile Limited [FR338]
Q&A Adeel Textile Limited [FR339]
Comprehensive Examples
Q&A Bilal | ICAP Spring 2020 [FR002]
Q&A Gypsum Limited | ICAP Autumn 2019 [FR001]
Q&A Rabbi Limited | ICAP Autumn 2021 [FR150]
Q&A Jannat Limited & Khushi Limited | ICAP Autumn 2020 [FR003]
Q&A Adeel Steel Limited [FR344]
Q&A Hexagon Industries / Oval Limited (ICAP Autumn 2022) [FR187]
Q&A Zinc Limited (i) (ICAP Spring 2023) [FR208]
Q&A Zinc Limited (ii) (ICAP Spring 2023) [FR209]
Q&A Heavenly Limited (II) (ICAP Spring 2024) [FR298]
Objective Based Q&A
Ch 3: IFRS 16 Leases
Ch 3: IFRS 16 Leases
Identifying a lease
Q&A Capri Ice & Yardley Limited | ICAP Spring 2021 [FR074]
Definitions and concepts
Definitions & Concepts [F057R]
Accounting by lessee
Q&A Miracle Textile Limited [FR077]
Q&A Coal Limited | ICAP Autumn 2019 [FR088]
Accounting by lessor
Which interest rate to be used ? [QA003]
Q&A Jhang Construction [FA197]
Q&A Shoaib Leasing Limited [FR082]
Q&A Shalimar Industries | ICAP Spring 2016 [FR084]
Q&A Galaxy Leasing Limited | ICAP Autumn 2014 [FR083]
Q&A Square Limited | ICAP Spring 2019 [FR087]
Comprehensive Examples
Q&A Guava Leasing Limited | ICAP Autumn 2018 [FR086]
Q&A French Vanilla Leasing Limited | ICAP Spring 2020 [FR089]
Q&A Dettol Ltd & Lifebuoy Leasing Ltd | ICAP Spring 2021 [FR090R]
Q&A Sagahi Autos Limited | ICAP Autumn 2021 [FR152]
Q&A Fakhr Limited | ICAP Autumn 2020 [FR111]
Q&A Optimism Limited (ICAP Spring 2022) [FR159]
Q&A Nonagan Limited | ICAP Autumn 2022 [FR191]
Q&A Gold Limited & Lead Limited (ICAP Spring 2023) [FR207]
Q&A Alluring Limited (ICAP Spring 2024) [FR300]
Q&A Concatenate Limited (ICAP Autumn 2024) [FR309]
Q&A Lancome Limited (ICAP Spring 2025) [FR333]
Objective Based Q&A
MCQs 1 to 15 | IFRS 16 [FM028]
MCQs 16 to 25 | IFRS 16 [FM029]
ICAP Spring 2024 | MCQ (i) [SM168]
Ch 4: IAS 21 Foreign currency transactions
Ch 4: IAS 21 Foreign currency transactions
Introduction
Introduction to IAS 21 [FL050]
Monetary vs. Non-Monetary items [FL131]
Reporting foreign currency transactions
Individual Entity Accounting [FL051]
Comprehensive Examples
Q&A Copper Limited | ICAP Autumn 2019 [TK01]
Q&A Rocky Road Limited | ICAP Spring 2020 [FR116]
Q&A Cone Motors Ltd (ICAP Autumn 2022) [FR184]
Objective Based Q&A
Ch 5: IFRS 15 Revenue from contracts with customers
Ch 5: IFRS 15 Revenue from contracts with customers
Introduction
Step 1: Identifying the Contract [FL077]
Step 2: Identifying Performance Obligations [FL078]
Q&A ECL & eSolutions Limited | ICAP Spring 2017 [FA109]
Determining the Transaction Price
Step 3: Determining Transaction Price [FL079]
Q&A Twenty-Two Limited [FA111]
Settlement Discount (Seller’s perspective) [FL110]
Q&A Twenty-Nine Limited [FA112]
Allocating the Transaction Price
Step 4: Allocating the Transaction Price [FL080]
Q&A Jupiter Limited & Pluto Limited | ICAP Autumn 2017 [FA121]
Q&A Rhombus Limited (ii) (ICAP Autumn 2022) [FR193]
Recognition
Step 5: Satisfaction of Performance Obligations [FL081]
Q&A Galaxy Telecommunications | ICAP Spring 2018 [FA113]
Q&A Customer Loyalty Program [FA117]
Q&A Stupa Ltd & Kushan Construction Ltd | ICAP Autumn 2020 [FA003]
Other Aspects
Incremental costs of obtaining a contract [FL082 P]
Contract Modifications [FL084]
Q&A Contract Modifications Scenarios [FA115]
Q&A Rhombus Limited (i) (ICAP Autumn 2022) [FR192]
Comprehensive Examples
Q&A Thursday Enterprise | ICAP Autumn 2019 [FA001]
Q&A Trich Mir Limited | ICAP Spring 2020 [FA002]
Q&A Ravi Limited | ICAP Autumn 2018 [FA119]
Q&A Guitar World | ICAP Spring 2019 [FA126]
Q&A Covaxin Telecom | ICAP Spring 2021 [FA127]
Q&A Parodia Motors Limited | ICAP Autumn 2021 [FA166R]
Q&A Bill-and-Hold Arrangement [FA118]
Q&A Fluorine Limited (ICAP Spring 2023) [FR211]
Q&A Alpha, Gamma & Eta (ICAP Autumn 2023) [FR283]
Q&A Exquisite Limited (ICAP Spring 2024) [FR302]
Q&A Value Limited (ICAP Autumn 2024) [FR312]
Objective Based Q&A
ICAP Spring 2025 | MCQ (vi) [SM250]
Ch 6: IFRS 8 Operating segments
Ch 6: IFRS 8 Operating segments
Introduction & operating segments
What is an Operating Segment? [FL025]
Reportable Segments
Disclosure
Entity Wide Disclosures [FL029]
Q&A Gohar Limited | ICAP Summer 2015 (CFAP 1) [FR038]
Comprehensive Examples
Q&A Shahzad Industries Limited [FR036]
Q&A Jay Limited | ICAP Summer 2012 (CFAP 1) [FR039]
Q&A Diamond Limited | ICAP Autumn 2019 [FR040]
Q&A Roshni Limited | ICAP Autumn 2020 [FR041]
Q&A Drigh Limited (ICAP Autumn 2023) [FR282]
Q&A Malone Limited (ICAP Spring 2025) (FR332)
Objective Based Q&A
ICAP Spring 2024 | MCQ (ii) [SM169]
ICAP Spring 2024 | MCQ (iv) [SM171]
ICAP Autumn 2024 | MCQ (ii) (SM205)
Ch 7: IAS 12 Income taxes
Ch 7: IAS 12 Income taxes
Current Tax
Deferred Tax
Q&A Rose Limited | ICAP Spring 2018 [FR096]
Current & Deferred Tax Charge [FL066]
Presentation and Disclosure
Presentation & Disclosure [FL067]
Q&A Bilal Engineering (PQ) [FR230]
Comprehensive Examples
Q&A Floor & Tiles Limited | ICAP Spring 2016 [FR095]
Q&A Orange Limited | ICAP Autumn 2018 [FR097]
Q&A Triangle Limited | ICAP Spring 2019 [FR098]
Q&A Dua Limited | ICAP Autumn 2020 [FR100]
Q&A Lux Limited | ICAP Spring 2021 [FR101]
Q&A Mabroom Limited | ICAP Autumn 2021 [FR153]
Q&A Surprise Limited (ICAP Spring 2022) [FR160]
Q&A Prism Limited (ICAP Autumn 2022) [FR195]
Q&A Titanium Limited (ICAP Spring 2023) [FR213]
Q&A Uchhali Limited (ICAP Autumn 2023) [FR281]
Q&A Namal Leasing Limited (ICAP Autumn 2023) [FR285]
Q&A Handsome Limited (ICAP Spring 2024) [FR303]
Q&A Fact Limited (ICAP Autumn 2024) (FR308)
Q&A Calvin Klein Limited (ICAP Spring 2025) (FR336)
Objective Based Q&A
Ch 8: Regulatory framework of accounting
Ch 8: Regulatory framework of accounting
Lectures with Illustrative disclosures
Classification of Companies [FL157]
4th & 5th Schedule: General Requirements [FL158]
4th & 5th Schedule: Statement of financial position [FL158]
4th & 5th Schedule: Statement of Profit or Loss [FL160]
Comprehensive Examples
Q&A Banana Limited (ICAP Autumn 2018) [FR120]
Q&A Safeguard Limited | ICAP Spring 2021 [FR121]
Q&A Arrow Limited (ICAP Autumn 2022) [FR190]
Q&A Calm Limited (ICAP Spring 2022) [FR164]
Q&A Radium Limited (ICAP Spring 2023) [FR212]
Q&A Satpara Limited (ICAP Autumn 2023) [FR284]
Q&A Ravishing Limited (ICAP Spring 2024) [FR299]
Q&A Count Limited (ICAP Autumn 2024) (FR311)
Q&A Spark Limited (ICAP Spring 2025) (FR331)
Objective Based Q&A
Ch 9: Consolidation
Ch 9: Consolidation
Lectures
Introduction to Consolidation & Control [FL093]
Classification Principle | IFRS 3 [FL195]
Concept lectures with Practice Q&A
Impairment of partial goodwill | Q&A Badar Limited [FR244]
Impairment of full goodwill | Q&A Multan Limited [FR245]
Negative goodwill | Q&A Maha Limited [FR246]
Recording investment in subsidiary | Q&A Maria Limited [FR252]
Fair value adjustments | Q&A Ruby Limited [FR253]
Mid-year acquisition (Unevenly) | Q&A Sana Limited [FR54]
Mid-year acquisition (Evenly) | Q&A Fahad Limited [FR255]
Intra-group items | Q&A Tooba Limited [FR256]
Intra-group items | Q&A Haseeb Limited [FR257]
Comprehensive Examples
Q&A Alpha Limited | ICAP Autumn 2014 [FR122]
Q&A Galaxy Limited | ICAP Autumn 2015 [FR123]
Q&A Yasir Limited | ICAP Autumn 2016 [FR124]
Q&A Golden Limited | ICAP Spring 2017 [FR125]
Q&A Jasmine Limited | ICAP Spring 2018 [FR126]
Q&A Rivera Limited | ICAP Spring 2015 [FR127]
Q&A Oscar Limited | ICAP Spring 2016 [FR128]
Q&A Present Limited | ICAP Autumn 2017 [FR129]
Q&A Arrow Limited | ICAP Spring 2019 [FR130]
Additional Practice Q&A
Q&A Fatima Limited & Ali Limited [FR259]
Q&A Path Limited & Slot Limited [FR247]
Q&A Pool Limited & Sole Limited [FR248]
Q&A Plan Limited & Scan Limited [FR249]
Q&A Park Limited & Scan Limited [FR250]
Q&A Plus Limited & Shoe Limited [FR251]
Q&A Peak Limited & Seek Limited [FR261]
Q&A Pack Limited & Sack Limited [FR262]
Q&A Hello Limited & Solong Limited [FR263]
Q&A Pipe Limited & Ship Limited [FR264]
Objective Based Q&A
Ch 10: Investment in associate
Ch 10: Investment in associate
Equity Method for Associate
Consolidation with Associate [FL096]
Q&A Determined Limited (ICAP Spring 2022) [FR166]
Q&A Hexagon Industries / Kite Limited (ICAP Autumn 2022) [FR186]
Q&A Heavenly Limited (I) (ICAP Spring 2024) [FR297]
Consolidation with Associate (Equity Method)
Q&A Golden Limited | ICAP Autumn 2019 [FR131]
Q&A Pistachio Limited | ICAP Spring 2020 [FR132]
Q&A Manzil Limited | ICAP Autumn 2020 [FR133]
Q&A Himalaya Limited | ICAP Spring 2021 [FR134]
Q&A Safawi Limited | ICAP Autumn 2021 [FR151]
Q&A Happiness Limited (ICAP Spring 2022) [FR161]
Q&A Heptagon Limited (ICAP Autumn 2022) [FR197]
Q&A Aluminium Limited (ICAP Spring 2023) [FR206]
Q&A Baghsar Limited (ICAP Autumn 2023) [FR287]
Q&A Winsome Limited (ICAP Spring 2024) [FR304]
Q&A Proper Limited (ICAP Autumn 2024) (FR307)
Q&A Gucci Limited (ICAP Spring 2025) (FR337)
Objective Based Q&A
Ch 11: IAS 33 Earnings per share
Ch 11: IAS 33 Earnings per share
Basic EPS: Earnings
General Concept (earnings) [FL118]
Basic EPS: Shares
Issue at Full Market price [FL119]
Retrospective Adjustments [FL124]
Diluted EPS
Q&A Ben Limited (Dilution) [FR239]
Q&A Stokes Limited (Anti-dilution) [FR240]
Convertible Instruments [FL126]
Share options or warrants [FL127]
Other aspects
Presentation & Disclosure [FL129]
Q&A Abrar Limited (Disclosure) [FR241]
Usefulness & Limitations [FL130]
Comprehensive examples
Q&A Daffodil Limited (ICAP Spring 2018) [FR162]
Q&A Durable Electronics Limited [FR242]
Q&A Home Dynamics Limited | ICAP Spring 2017 [FA184]
Q&A Chand Limited (ICAP Spring 2022) [FR163]
Q&A AAZ Limited | (PQ) [FR243]
Q&A Peach Tree Limited (ICAP Autumn 2022) [FR194]
Q&A Akkadian Limited (ICAP Spring 2023) [FR214]
Q&A Ray Limited (ICAP Autumn 2023) [FR275]
Q&A ChatGPT Limited (ICAP Spring 2024) [FR296]
Q&A Windsor Limited (ICAP Spring 2025) (FR326)
Q&A Burberry Limited (ICAP Spring 2025) (FR327)
Objective Based Q&A
Ch 12: Interpretation of financial statements
Ch 12: Interpretation of financial statements
Lectures
Introduction & Types of Analysis [FL100]
Ratios' Types & Formulas [FL101]
Impact of specific transactions on ratios [FL192]
Limitations of Financial Statements and Ratios [FL193]
Comprehensive Examples
Q&A Ali & Bashir (ICAP Spring 2016) [FA149]
Q&A Hassan Limited (ICAP Autumn 2016) [FA150]
Q&A Dairy Foods Limited (ICAP Spring 2017) [FA151]
Q&A Progressive Steel Ltd (ICAP Autumn 2017) [FA152]
Q&A Boom Limited (ICAP Spring 2018) [FA153]
Q&A SK Limited (ICAP Autumn 2018) [FA154]
Q&A Keyboard Limited (ICAP Spring 2019) [FA155]
Q&A Shispare & Trivor (ICAP Spring 2020) [FA156]
Q&A Limitations (ICAP Autumn 2020) [FA157]
Q&A Epivac Limited (ICAP Spring 2021) [FA158]
Q&A Lithops Limited (ICAP Autumn 2021) [FA163]
Q&A Qamar Limited (ICAP Spring 2022) [FA206]
Q&A Hittite Limited (ICAP Spring 2023) [FR215]
Q&A Whale Limited (ICAP Autumn 2023) [FR279]
Q&A Dall-E Limited (ICAP Spring 2024) [FR291]
Q&A Preshapur Limited (ICAP Autumn 2024) (FR318)
Q&A Hugo Boss Ltd & Dunhill Desire Ltd (ICAP Spring 2025) (FR323)
Objective Based Q&A
Ch 13: Ethical issues in financial reporting
Ch 13: Ethical issues in financial reporting
Lectures
Fundamental Principles & Threats Thereto [FL103]
Preparation & Presentation of Information [FL104]
Comprehensive Examples
Q&A Fundamental Principles | ICAP Autumn 2014 [FR135]
Q&A Threats to Compliance | ICAP Spring 2015 [FR136]
Q&A Fortune Limited | ICAP Autumn 2015 [FR137]
Q&A Ali & Bashir | ICAP Spring 2016 [FR138]
Q&A Unique Engineering Limited | ICAP Autumn 2016 [FR139]
Q&A MNZ Limited | ICAP Spring 2017 [FR140]
Q&A Mehran Limited | ICAP Autumn 2017 [FR141]
Q&A Charming Limited | ICAP Spring 2018 [FR142]
Q&A Kiwi Limited | ICAP Autumn 2018 [FR143]
Q&A Circle Limited | ICAP Spring 2019 [FR144]
Q&A Hot Coffee Limited | ICAP Spring 2020 [FR145]
Q&A Excitement Limited (ICAP Spring 2022) [FR165]
Q&A Mercury Limited (ICAP Spring 2023) [FR210]
Objective Based Q&A
ICAP Spring 2024 | MCQ (iii) [SM170]
ICAP Autumn 2024 | MCQ (iii) (SM206)
ICAP Autumn 2024 | MCQ (iv) (SM207)
Ch 14: ESG and Sustainability
Ch 14: ESG and Sustainability
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