03 Far1 Revision Plan (Mar 20) - Final

Revision Plan FAR-1 (CAF – 05)
Following abbreviations are used:

QB = ICAP Question Bank;
PP = ICAP Past Papers;
PS = Practice Set (RISE Book).
No. Chapter name

Questions
QB # 3.
Ch.
Accounting and MCQs
#
reporting concepts. 3; 9; 10; 11; 12; 13; 14; 15.
1
Understanding required (Read & understand)
Just thoroughly read and no need to memorize.
Questions
PS # 2
QB # 1; 2; 3; 4
Ch.
Preparation of Class test questions
#
financial statements. MCQs
2
3; 4; 5; 6; 7; 8; 10; 13; 14; 20; 24; 25.
‘Students are advised to follow the logical sequence of lecture notes (1-
20)’.
Questions
Indirect method: PP#4(Janjua); PP#8(AB Ent.); PP#5(Amin); PP#6(Rehan
Bros); PP#11(Quality Ent.); PP#12(Liaquat Ind.); PP#13(Nadir Ltd);
Ch.
Statement of Cash PP#14(Drum Limited); Lecture 8: Q1 (Jalib); Lecture 8:Q2 (Waseem Ind)
#
Flows (IAS 7). Direct method: PP#4(Janjua again with direct method); Lecture 8: Q1
3
(Jalib). Test 8:Q1 (Spanish Limited); Recent attempt (Sunday traders).
MCQs
1; 2; 3; 5; 21; 25; 34.
Questions
PP#3(Karachi Social Club); PP#10(Golf Club); PP#6(Sehat Club);
PP#9(Executive Club); QB#6(Monarch); PP#11(Seaview Club);
QB#2(Langton Hockey); PP#14(Leisure Club); QB#4(GD Sports);
Ch. Income & PP#7(Gulshan Cricket); Comprehensive Class question (Ghareeb Nawaz)
# Expenditure covering almost all the concepts; PP#15(Violin).
4 Account. Q#1 to Q#5 of Subscription Accounts on Page 145 of RISE Book
MCQs
5; 7; 14; 15; 18; 32.
LO4; LO5
Questions
PP#1(Saud Jawad); PP#9(Mansoor); PP#10(Adnan); QB#9(Umar);
QB#8(Aslam); PP#27(Munira); PP#28(Danish); PP#29(Tahir);
Ch. Preparation of PP#31(Zafar); PP#18(Baber); PP#13(Asif); PP#16(Ashfaq); PP#36(Nezam);
# Accounts from PP#34(Saleem); PP#22(Rahil); PP#35(Alpha Traders).
5 Incomplete Records. MCQs
2; 7; 8; 10; 15; 21; 22; 25.
LO1; LO2.
Questions
Ch.
Introduction to Cost PS# 4; 5.
#
of production. PP#1; 2; 3; NKL Limited (Manufacturing account); Soya Fry Ltd
6
(Manufacturing account).
By: Umair Sheraz Utra, ACA. Page 1

MCQ
5; 6; 8; 14; 12; 16; 19.
Read all notes thoroughly and memorize ticked theory points on notes in the
class.
Questions
PP#3(Ammar); PP#21(MJE); PP#22(FSE); PP#24(A trading org.); PP#29-
a&b(Delta); PP#31(FPL); PP#33(SL); QB#4(Carly); QB#6(FAM);
QB#7(Orchid Ltd.); QB#8(Abid Ltd.); Additional QB#12(Abbas Ltd.).
Ch.
Property, plant and MCQs
#
equipment (IAS-16). 2; 3; 4; 5; 10; 17; 25; 27; 28; 29.
7
LO1; LO2; LO11; LO12; LO13.
‘Students are advised to follow the logical sequence of lecture notes (1-
20)’.
Questions
2 examples in class (ABC Ltd.); QB#1(Katie); PS#2; PS#3; PS#4.
Accounting for
Example 5; 6 on Page 705.
government grants
MCQs
and disclosure of
1; 2; 3; 4; 8; 9; 10.
government
assistance (IAS-20).
Definition of Government; Table constructed in class covering almost the
whole area of this standard.
Questions
Basic PS # 3; 4;5; 6; 7.
Ch. PS # 17; 15; 11; 14; 10.
# Borrowing costs PP#9(Spin Ind); 11(GC); 8(ATL) Lec#7(QSL).
8 (IAS-23). MCQs
1; 5; 6; 7; 12.
LO6
Questions
Follow class lecture 1 to 4 in the same order and solve the same questions
done in class and homework.
Investment property
MCQs
(IAS-40).
2; 5; 6; 7; 9.
Read thoroughly all notes in book.
Questions
Follow class lecture 1 to 4 in the same order and solve the same questions
Ch. done in class and homework. No additional practice is required.
Impairment of assets
# MCQs
(IAS-36).
9 2; 3; 4; 6; 8; 13; 15; 19; 21; 26.
LO1 (Indicators); LO2 (FV less CTS and future cash flows in V.I.U. tables).
Questions
PS # 1; 2; 5.
Revenue from
Ch. PP # 1; 2(b)&(c); 4; 5; 6; 7.
contracts with
# QB # 1; 3.
customers
10 MCQs
(IFRS-15).
2; 4; 11; 14; 15; 16; 17; 22; 29; 34

Read thoroughly all notes in the book and memorize important points
highlighted in the class.
Questions
PS # 12 (Highway).
PP # 1; 4; 5; 6; 7; 8.
Ch. QB # 3
Interpretation of MCQs
#
financial statements. 2; 16; 26.
11
 Pg. 898 of book (first page of chapter): Users and their needs.
 Learn limitations and short interpretations provided in handout.
 Students are advised to revise the course in the order of lectures delivered in class (Use lecture
notes where provided).
Note: The video lecture for left-over concepts (if any) will be uploaded a message containing its link will
be sent to the students.
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Revision Plan FAR-1 (CAF – 05)

Following abbreviations are used:

No. Chapter name

By: Umair Sheraz Utra, ACA. Page 1

By: Umair Sheraz Utra, ACA. Page 2

By: Umair Sheraz Utra, ACA. Page 3

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