Slight amendments nd addition in Learning outcome

1. EXAMINATION GUIDANCE SPECIFIC
July, 2015
CAF-1 Introduction to Accounting
Reference Issue Guidance
Scope of learning outcomes related to
“Preparation of financial statements of
a sole trader ”
The scope of studies under this head may be
determined by Study Text and Question Bank
The complexity and nature of
scenarios for preparing journal entries
Simple and common business scenarios may
require simple calculations including
percentages, fractions, margins and mark ups
for which knowledge have already been
developed in Quantitative Methods at AFC
stage.
Disposal of asset Not examinable
CAF-2 Introduction to Economics and Finance
Reference Issue Guidance
Chapter 3
Demand and
supply:
elasticities
Dynamic supply and demand
(including Cobweb Theory)
Examinable
Chapter 8,
Section 2
Determination of output Examinable
Chapter 13,
Section 4
Devaluation including J-curve and
inverse J-curve
Examinable
CAF-9 Audit and Assurance
Reference Issue Guidance
Page 20 of
study text
The text includes the line “Note
that the different types of audit
opinion are not examinable in this
paper.”
The note was inserted when different types
of opinions were not examinable. Under
revised syllabus different types of opinions
are examinable.