CFAP ONLINE TEST SESSION

TEST.CANOTES.NET

Procedure for Online Tests

1. Tests will be managed on test.canotes.net. Register yourself on the website. Once logged
in click on “written test” to locate your test. Visit website to know more about how it is
done.
2. Test day is Saturday.
3. Tests will be available on the website in student login at 1:00 pm each Saturday.
4. You have to upload the snapshots of solution (serially numbered on the face) till 1:00 am on
Monday. (within 36 hours of test availability)
5. Attempted test must be uploaded in jpg, jpeg or png format.
6. Website will not accept upload after the designated time i.e. after 1:00 am on Monday.
7. Solution of test along with marking scheme will be available on Sunday 5:00 pm onwards. (8
hours before answer script uploading deadline).
8. Test will be marked within 7 days from submitting. Marked test will be available for
download from the portal for next 2 weeks.
9. Please email on “test.canotes@gmail.com” in case of any queries.
10. Whatsapp group will be made for each subject that will include the personnel of
management for quick communication & resolution of issues (whatsapp number
03337659069)

Procedure for registration in Online Test Session

Step # 1 Make your free user account on test.canotes.net

Step # 2 Deposit your fee for tests

Please deposit your fee in following account. Fee is Rs. 2,000/= per subject.

Title: Muhammad Jahanzaib Khan

Account # 0216 0010 0084 2571 0013
Allied bank Limited
Main Market Gulberg Branch
(Brach Code:0216)

Step # 3 Email us your particulars.

Please forward the transfer evidence (deposit slip / Bank confirmation email etc) to the following
emails. Your email should also include your contact number, email address and your subject (s) for
test session.

To: test.canotes@gmail.com

Step # 4 Wait for our email containing coupon code and start preparing for Tests.
 WEEKLY TEST SESSION SUMMER 2019
12 Weekly tests including 1 term test and 1 Full Mock

Starting from : Monday, February 11, 2019

Subject : Taxation
For students residing outside Lahore, this test session is availabe online
Click the link to uderstand how online test works
or contact 03337659069

Basic Concepts (Scope,Tax Year,Taxable Income,Persons,Status,Tax Liability,Avoidance &

1 11-Feb Evasion, Circulars,Notification,common rules,Authorities), Income from property

2 18-Feb Salary Income and Income from business in case of AOPs and Individuals

Capital gains, Income from other sources, concepts of cost, consideration received, acquisition
25-Feb
3 and disposal of assets

4 04-Mar Taxation of Companies

5 11-Mar Losses, Credits & Exemptions

6 18-Mar Tax deductions/collections/advance tax & minimum tax

7 01-Apr Half length test of above covered areas

8 08-Apr Company Taxation, NTR, FTR alongwith General Provisions given in Second Schedule

9 15-Apr Sales Tax

10 22-Apr Sales Tax/Provincial

11 29-Apr Sales Tax, FED

12 25-May Full Length MOCK

Length of each test is 60 Minutes (1 Hour)

Length of Half Mock is 1.5 Hours
Recommended solution shall also be provided along with the marked copy of the test on next Monday.
Test Day is Monday; In case a test is missed on Monday, it can be given on immediately next Friday
 WEEKLY TEST SESSION SUMMER 2019
12 Weekly tests including 1 term test and 1 Full Mock

Starting from : Monday, February 11, 2019

Subject : AARS
For students residing outside Lahore, this test session is availabe online
Click the link to uderstand how online test works
or contact 03337659069

No Date Topics Relevant Standards

- Companies Act 2017 (Relevant Sections)

- Code of Corp Gov (relevant areas)
- Listing Regulations (relevant areas)
1 11-Feb Appointment of Auditor - Banking Companies Ordinance (Acc & Audit)
- Insurance Ordinance (Acc & Audit)
- ISA 210, ISA 220, ISQC 1

2 18-Feb Auditors Report - Part 1 ISA 700, ISA 701

3 25-Feb Auditors Report - Part 2 ISA 705, ISA 706, ISA 710, ISA 720

4 04-Mar 500 Series ISA 500, 501, 505, 510, 530, 560, 580

Using the Work of Others

5 11-Mar ISA 600, ISA 610, ISA 620
Accounting Areas in Auditing (Concepts)

6 18-Mar 800 Series ISA 800, ISA 805, ISA 810

7 01-Apr Half Length Mock (500, 600, 700, 800 series and appoitment of auditor)

8 08-Apr Code of Ethics Code of Ethics by ICAP (2015 Edition)

9 15-Apr Risk Assesment - Part 1 ISA 315, ISA 570

10 22-Apr Risk Assesment - Part 2 ISA 240, ISA 520, ISA 550

Other ISAs ISA 200, 230, 300, 320, 330, 402, 450, 540
11 29-Apr
Other Standards ISREs, ISAEs, ISRS

12 23-May Full Length Mock - Complete Syllabus Areas of 8th Test to 11th Test

Length of each test is 60 Minutes (1 Hour)

Length of Half Mock is 1.5 Hours
Recommended solution shall also be provided along with the marked copy of the test on next Monday.
Test Day is Monday; In case a test is missed on Monday, it can be given on immediately next Friday
 WEEKLY TEST SESSION SUMMER 2019
12 Weekly tests including 1 term test and 1 Full Mock

Starting from : Monday, February 11, 2019

Subject : AAFR

For students residing outside Lahore, this test session is availabe online
Click the link to uderstand how online test works
or contact 03337659069

No Date Topics Relevant Standards

Impairment of Assets IAS - 36

Investment Property IAS - 40
1 11-Feb
NCA Held for Sale and Discontinued Operations IFRS - 5
Far value Measurement IFRS - 13

2 18-Feb Share-based Payment IFRS - 2

3 25-Feb Employee Benefits IAS - 19

4 04-Mar Earning Per Share IAS - 33

5 11-Mar Income Taxes IAS - 12

6 18-Mar Leases IAS - 17/IFRS-16

7 01-Apr Half Length Mock All Above Areas

8 08-Apr Consolidated Financial Statements Complete Consolidaton (Except Cash Flow)

9 15-Apr Statement of Cash Flows IAS - 7

10 22-Apr Revenue From Contracts with Customers IFRS-15

Financial Instruments: Presentation IAS - 32

Financial Instruments: Recognition and Measurement IAS - 39
11 29-Apr
Financial Instruments: Disclosures IFRS - 7
Financial Instruments IFRS - 9

12 20-May Full Length - Mock Complete Syllabus

Length of each test is 60 Minutes (1 Hour)

Length of Half Mock is 1.5 Hours
Recommended solution shall also be provided along with the marked copy of the test on next Monday.
Test Day is Monday; In case a test is missed on Monday, it can be given on immediately next Friday
 WEEKLY TEST SESSION SUMMER 2019
12 Weekly tests including 1 term test and 1 Full Mock

Starting from : Monday, February 11, 2019

Subject : BFD
For students residing outside Lahore, this test session is availabe online
Click the link to uderstand how online test works
or contact 03337659069

Test Relevant Chapters from ICAP

Date Topics
No. Study Text
Capital investment Appraisal - I
1 11-Feb Chapter 5,6,7

Capital investment Appraisal - II

2 18-Feb Chapter 8,9,11

Cost of Capital, Portfolio theory and CAPM

3 25-Feb Chapter 13, 14, 16

Business valuation & Mergers acquisitions

4 04-Mar Chapter 17, 18

Foreign currency Risk Management &

5 11-Mar Chapter 19, 21, 22,23 & 24
Interest Rate Risk Management
Sources of Finance & Dividend policy
6 18-Mar Chapter 12, 15

7 01-Apr Half book Mock Syllabus of Test 1 to 6

Relevant Costing, Decision Making &

8 08-Apr Chapter 25 & 2-4
Forecasting and budgeting
Standard Costing and Vairance Analysis
9 15-Apr Chapter 26 & 27

Transfer pricing, International investment

10 22-Apr Chapter 10, 20 & 28
appraisal and financial performance
Working Capital Management
11 29-Apr Chapter 29, 30,31,32

12 21-May Full Book Mock

Length of each test is 60 Minutes (1 Hour)

Length of Half Mock is 1.5 Hours
Recommended solution shall also be provided along with the marked copy of the test on next Monday.
Test Day is Monday; In case a test is missed on Monday, it can be given on immediately next Friday
 WEEKLY TEST SESSION SUMMER 2019
12 Weekly tests including 1 term test and 1 Full Mock

Starting from : Monday, February 11, 2019

Subject : BMS
For students residing outside Lahore, this test session is availabe online
Click the link to uderstand how online test works
or contact 03337659069

No Date Topics Relevant Chapters (ICAP Book)

1 Strategy, stakeholders and Chapter 1 & 2

11-Feb mission,Environment analysis

2 18-Feb Competitive forces,Internal analysis Chapter 3 & 4

Competitive advantage, Methods of Chapter 5 & 6

25-Feb development
3

Strategy implementation, Finance, R&D Chapter 7 & 8

04-Mar
4 and marketing strategies

Operations strategy,Recruitment, Chapter 9 & 11

11-Mar
5 IT strategy Chapter 10

Training and development,Appraisals and Chapter 12 & 13

18-Mar
6 working environment

01-Apr Half Length Mock - Ch 1 to 13

7

8 Strategic performance measurement

1-Apr-19 Chapter 14 & 15
Project management

9 15-Apr Identifying and assessing risk Chapter 16

Controlling risk,Business and professional

22-Apr Chapter 17 & 18
10 ethics

Conflicts of interest and ethical conflict

Chapter 19
resolution
29-Apr
Corporate social responsibility and
Chapter 20
11 sustainability

12 24-May Full Length Mock

Length of each test is 60 Minutes (1 Hour)

Length of Half Mock is 1.5 Hours
Recommended solution shall also be provided along with the marked copy of the test on next Monday.
Test Day is Monday; In case a test is missed on Monday, it can be given on immediately next Friday
 12 Weekly tests including 1 term test and 1 Full Mock
Starting from : Monday, February 11, 2019
Subject : C.Law
For students residing outside Lahore, this test session is availabe online
Click the link to uderstand how online test works
or contact 03337659069

No Date Topics Book Ref

1 11-Feb Introduction to Companies Ch # 1

Incorporation of Companies Ch # 2

2 18-Feb Meetings Ch # 6
Single Member Companies Ch # 11

3 Directors Ch # 7
25-Feb
Other Officers Ch # 8

4 Investments, deposits, contracts and dividends Ch # 9

04-Mar Central Depository Companies Ch # 18
Accounts and Records Ch # 10

5 Investigation and Other Actions Ch # 12

11-Mar Other Areas of Companies Act Ch # 15
Modaraba Companies Ch # 21

6 18-Mar Winding Up Ch # 14

7 01-Apr Half Length Mock (Ch # 1,2,6,7,8,9,10,11,12,14,15,18,21)

Non Banking Finance Companies Ch # 13

8 08-Apr
Competition Act 2010 Ch # 22

9 Introduction to Share Capital Ch # 3

Issue and Allotment of Share Capital Ch # 4
15-Apr
Debentures Ch # 5
Securities Act and Related Rules & Regulations Ch # 16

10 Listing Regulations and Issue of Share Capital Ch # 17

22-Apr Anti-Money Laundering Ch # 23
Foreign Exchange Regulations Ch # 24

11 Code of Corporate Governance Ch # 25

29-Apr
Ethics and Professionalism Ch # 26

12 22-May Full Length Mock

Length of each test is 60 Minutes (1 Hour)

Length of Half Mock is 1.5 Hours
Recommended solution shall also be provided along with the marked copy of the test on next Monday.
Test Day is Monday; In case a test is missed on Monday, it can be given on immediately next Friday
 IBFT (Online Banking)

Step # 1 Go to Bank Website

x Step # 2 Deposit your fee for tests.

Please deposit your fee in following account.
Title: Muhammad Jahanzaib Khan
Account # 0216 0010 0084 2571 0013
Allied bank Limited
Main Market Gulberg Branch
(Brach Code:0216)

Step # 3 Initiate your Transection

Forward the transfer evidence (deposit slip / Bank confirmation email etc) to the following
emails. Your email should also include your contact number, email address and your subject
(s) for test session.
To: ajmalkanju@gmail.com
CC : jahanzaib.edu@gmail.com