CAF 5 FAR 1 Study Material

Financial Accounting and Reporting 1 is the second Accounting subject at CAF level. It requires a bit high level of understanding as students who opt it must have cleared IA paper. So Icap thinks that now students have basic understanding of the subject so therefore it tests a bit difficult yet understandable topics for students, topics such as Borrowing Cost i.e. IAS 23 is added to FAR 1 from FAR 2, previously IAS 23 was examined in FAR 2.




FAR 1 has an average passing ratio usually around 30 to 40 percent so one must give time to the subject and therefore a lot of practice is required to ace the icap examination.

All important questions of Financial Accounting and Reporting 1 along with solutions and notes and other resources available in the file, just click the link to download different study resources includes FAR 1 Updated book by Rise.


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