CFAP1 by Ammar Ahmed | SBM Online Campus

Overview
Curriculam
Instructor
Reviews

Course Description

Most comprehensive coverage of AAFR with 270 hours lecture time focusing on:

Common sense based conceptual learning of FR concepts
Solving 300+ examples & past paper questions in class
Specific focus on what can be tested in exams and the best formats & techniques to use in exams
10+ tests & mock exams

Key Features

Fortnightly Live Interactive Session
Dedicated WhatsApp Groups for Q & A
Full Course Access Till Upcoming attempt
24/7 Support-Study at your own comfort
Standard Testing System
Quality Video Lectures

Course Outline

General introduction to the course outline

Orientation & Overview

IAS 12

Lecture 01Free

Scope, Basics of CT, Why DT is needed Free

Lecture 02Free

Basics of DT Free

Lecture 03Free

Underlying reason/transaction, Exception to recognition of Deferred tax Free

Lecture 04

Tax credits, Tax losses, Change in tax rate Buy

Lecture 05

Differing tax rates on asset recovery, Computation of total tax expense Buy

Lecture 06

Reconciling actual & expected tax expense, P&L disclosures, Tax implications of dividend Buy

Lecture 07

Practice, S13 Q7, S14 Q4, W15 Q3 Buy

Lecture 08

W15 Q3, SIC 25, Carry back of losses, Off-setting Buy

IAS 2

Lecture 09 (Part 01)

Scope, Carrying amount, What is included in cost, Methods to measure cost Buy

Lecture 09 (Part 02)

FIFO vs W. Avg, Determining NRV, W17 Q5(a)(i) Buy

IAS 16

Lecture 10

All Buy

IAS 38

Lecture 11

Scope, Initial cost, Subsequent additions, Cost model, Revaluation model Buy

Lecture 12

Change from Cost to Rev model (or Vice versa), SIC 32, Cryptographic assets, Renewal, S14 Q7, S18 Q6(ii) Buy

IAS 40

Lecture 13

Scope, Initial cost, Cost model, FV model Buy

Lecture 14

Transfers to/from Other Standards Buy

Lecture 15 [UPDATED]

REITs & Similar investment companies, Disposals, Intra-group lease of IP, S15 Q2, S12 Q6, Deferred tax impacts Buy

IAS 41

Lecture 16 [UPDATED]

All concepts Buy

IAS 20

Lecture 17

Scope, Grants related to income, Grants related to assets, Repayment of grants Buy

Lecture 18

Non-monetary grants, Forgivable loans, Loans at below market rate of interest, W17 Q5, Deferred tax impacts Buy

IFRIC 1

Lecture 19 [UPDATED]

Decomm. cost, Treatment under Cost model, Methods of Revaluation, Treatment under Revaluation model Buy

Lecture 20

S11 Q3 Adapted, Methods to treat acc dep when revaluing, Deferred tax impacts, S16 Q5 Adapted Buy

IAS 36

Lecture 21

Scope, When to review for impairment, Levels of impairment, Individual asset FV less CTS, Individual asset VIU Buy

Lecture 22

Impairment of a revalued asset, Identifying CGU, Corporate asset, Calculating & allocating impairment in CGUs, Assets individually impaired in CGUs Buy

Lecture 23

Impairment reversal, Goodwill in CGUs (Introduction), Compensation for impairment, W17 Q1a, W19 Q1 Buy

Lecture 24

W16 Q2, Disclosures, Deferred tax implications Buy

IFRS 5

Lecture 25

Scope, Held for sale criteria, Levels of IFRS 5, Non-current asset held for sale Buy

Lecture 26 [UPDATED]

Disposal group held for sale, Allocation of impairment loss in disposal groups Buy

Lecture 27

Can a DG be a DO at the same time, Presentation of DO, Retrospective restatement, NCA held for distribution to owner, IFRIC 17, Interaction with IAS 40, Deferred tax impacts, W18 Q1b, W17 Q1a, W15 Q5b, W20 Q1b Buy

Lecture 27 B

Computer based exam practice - S23 Q2 Buy

Financial Instruments

Lecture 28

Definition of financial instruments, What is a financial asset, Types of financial instruments and applicable standards, Accounting for FVTPL financial assets Buy

Lecture 29

Accounting for FVTOCI equity investments, Accounting for Amortized financial assets (Initial, EIR, Subsequent, Change in contractual cashflows with or without transaction costs) Buy

Lecture 30

Accounting for Amortized financial assets (Transaction costs, Redemption at premium or discount, Floating rate instruments, Expected credit losses, Write-off) Buy

Lecture 31 [UPDATED]

ECL - further concepts, Simplified approach for certain financial assets, S19 Q5, Purchased or originated credit impaired financial assets Buy

Lecture 32

Purchased or originated credit impaired financial assets - further concepts, ECL - conclusion, Difference in year-end and interest payment date, Foreign currency denominated amortized cost financial assets Buy

Lecture 33

FVTOCI Debt Investments (All concepts), W20 Q2 Buy

Lecture 33 B

First time recording of purchased / originated credit impaired financial assets Buy

Lecture 34

Reclassification of financial assets, IFRS 9 - Standard IE 15 Buy

Lecture 35 [UPDATED]

Amortized Cost FA at low/zero rate of interest, Financial liability & its types, Amortized Cost FL (all concepts), FVTPL FL (all concepts), Derecognition of Financial assets, Designation of financial assets / financial liabilities as FVTPL. Buy

Lecture 36

Derivatives, Accounting for derivatives (forwards, futures, options) used for speculation purposes, Embedded derivations, S15 Q2 Buy

Lecture 37

Impact of Guarantees & Collaterals on ECL, Heding & its types, Accounting for FV hedge, W12 Q2, S17 Q5, Basic concept of Cashflow hedge Buy

Lecture 38 (Part 01)

Accounting for Cashflow hedge (further concepts) Buy

Lecture 38 (Part 02)

Accounting for Cashflow hedge (further concepts), Accounting for hedge of a net investment in foreign operation Buy

Lecture 39

Accounting for Compound financial instruments Buy

Lecture 40

Compound financial instruments (continued); Differentiating liability & equity; IFRIC 19; Regular way purchase & sale (intro) Buy

Lecture 40 B

Investment in convertible financial instruments Buy

Lecture 41

Regular way purchase & sale - all concepts Buy

Lecture 41 B

What constitutes solely payments of principal and interest as per Buy

Lecture 41 C

Complete view on classification of financial assets Buy

Lecture 42

Deferred tax implications of Financial instruments, IFRS 7 disclosures Buy

Lecture 43

S 2021 Q1 Buy

Lecture 43 B

Computer based exam practice - S23 Q2 Buy

IFRS 15 Revenue

Lecture 44 A

Basics of IFRS 15 Buy

Lecture 44 B

1. Basics of 5 step approach
2. Implied price concession
3. Significant financing component - Performance obligation earlier, Payment later
4. Significant financing component - Mix of Performance obligation & Payment earlier & later
Buy

Lecture 45

Further concepts relating to Steps 1, 2 & 3 of the 5 step process (including Performance obligation over time vs at point in time, Variable consideration and Others) Buy

Lecture 46 [UPDATED]

Further concepts relating to Steps 3 & 4 of the 5 step process (including Significant financing component, Methods to calculate SASP, Allocating discounts & variable consideration and Others) + S18 Q4(i) Buy

Lecture 46 B [NEW LECTURE]

Application examples of each step of of the 5 step model Buy

Lecture 47

S17 Q4, Customer loyalty programs, Contract modifications Buy

Lecture 48

Warranties, Sale with a right to return, Sale and Repurchase agreements Buy

Lecture 49

Licensing of Intellectual Property, Changes in estimates and Losses in long term contracts Buy

Lecture 50 [UPDATED]

W 14 Q3 (Changes in estimates and Losses in long term contracts) Buy

Lecture 51 [UPDATED]

Treatment of direct costs, Principal vs Agent in revenue contracts, W19 Q5, An interesting example of P.O. over time vs point in time, Barter transactions Buy

Lecture 52

W20 Q1(a), S21 Q3 Buy

Lecture 52 B [UPDATED]

Computer based Exam Practice S23 Q3b Buy

IFRS 16 Leases

Lecture 53 (Part 1)

Basics of lease, Basic accounting for lessee Buy

Lecture 53 (Part 2)

Basic accounting for lessor Buy

Lecture 54

Accounting for lessee changes i.e. Changes in estimates & lease modifications, W17 Q6 Buy

Lecture 55

Accounting for lessor changes (finance lease), Accounting for lessor changes (operating lease) Buy

Lecture 55 B [NEW LECTURE]

Treatment of GRV and UGRV Buy

Lecture 56

Lecture 57 A

Sale & leaseback (advanced concepts) Buy

Lecture 57 B

Lease term & UGRV Buy

Lecture 57 C [NEW LECTURE]

Recording of Sale and Lease back on net basis Buy

Lecture 58 [UPDATED]

Lease of land & bulding, Sub-lease, Separating lease & non-lease components, What is a lease?, Deferred tax impacts, Short-term lease / Lease of low value assets, Disclosures, W16 Q3, More than one change in lease Buy

Lecture 58 B

Advanced concepts related to Sub-lease Buy

Lecture 58 C [NEW LECTURE]

W 2021 Q1 (NEW LECTURE) Buy

Lecture 58 D [NEW LECTURE]

Accounting for Waiver of lease rentals Buy

Lecture 58 E [NEW LECTURE]

Computer based exam practice - W22 Q3 Buy

Group FS

Lecture 59

Lecture 60

Accounting for associates & joint ventures (continued), Change in holding without change in significant influence Buy

Lecture 61

Equity accounting - Intragroup eliminations, Equity accounting - Associate to investor sales, Equity accounting - deemed disposal, Loss making Associate / JV Buy

Lecture 62

Deferred tax implications of Equity accounting, Associate / JV held for sale (IFRS 5) Buy

Lecture 63

Lecture 64

Consolidated SFP (Basic example), S10 Q1 (Basic concepts of SFP including Intra-group transactions) Buy

Lecture 65

W-08 Consolidated SCI basic example (Basic concepts of SCI including Intra-group transactions) Buy

Lecture 66

Impairment of goodwill, Consolidated SOCIE basic example Buy

Lecture 67

Lecture 68

Lecture 69 [UPDATED]

Lecture 70

IAS 21

Lecture 71

Presentation currency, Functional currency, Foreign currency, Presenatation = Functional, Coversion of foreign currency transactions & balances Buy

Lecture 72 [UPDATED]

Translation of financial statements, Consolidation process for foreign subsidiary Buy

Lecture 72 B

IFRIC 22 - Advance payments Buy

Group FS

Lecture 73 [UPDATED]

Lecture 74 [UPDATED]

Lecture 75

Foreign subsidiary acquire more than 1 years ago, Impairment of goodwill of a foreign subsidiary, Translation working tips & tricks Buy

Lecture 76

Lecture 77

Preparing both SFP & SCI, Accounting for JOs, Implications for companies setup by parent, W16 Q1 Buy

Lecture 78

Lecture 79

Lecture 80 [UPDATED]

Lecture 81

Definition of a Business, Business combinations in the scope of IFRS 3, Exceptions to fair value of net assets at acquisition principle, Indemnification assets Buy

Lecture 82 [UPDATED]

Re-acquired right, Contingent consideration Buy

Lecture 82 B [NEW LECTURE]

Contingent consideration when payment is linked to profits of first year Buy

Lecture 83

Lecture 84

Sale of ownership interest to Associate, Contribution of non-monetary assets Buy

Lecture 85

Preference shares of subsidiary, Provisional fair values, Deemed disposal, Deemed increase in NCI, Reverse acquisition, Bonus shares issued by subsidiary Buy

Lecture 85 B [NEW LECTURE]

Provisional fair value - addition of new assets or liabilities in the measurement period Buy

Lecture 86 [UPDATED]

S-2021 Q2 Buy

Lecture 87 [NEW LECTURE]

W 2021 Q3 (NEW LECTURE) Buy

Lecture 88 [NEW LECTURE]

S 2022 Q1 (NEW LECTURE) Buy

Lecture 89 [NEW LECTURE]

S 2022 Q2 (NEW LECTURE) Buy

Lecture 90 [NEW LECTURE]

S 2022 Q3 (NEW LECTURE) Buy

Lecture 91

Computer based exam practice - W22 Q1a Buy

Lecture 92 [NEW LECTURE]

Computer based exam practice - W22 Q4 Buy

Lecture 93

Computer based exam practice - S23 Q1 Buy

Lecture 94

Computer based exam practice - S23 Q4 Buy

IAS 19

Lecture 95 [UPDATED]

Types of employee benefits, Accounting for Short term employee benefits, Accounting for Compensated absences, Accounting for Termination benefits, Accounting for Defined contribution, Basics of accounting for Defined benefit plans Buy

Lecture 96

Accounting for defined benefit plans - All concepts including IFRIC 14 Buy

Lecture 97

Projected unit credit method, Deferred tax implications, Other long term employee benefits, S16 Q2, W20 Q1d Buy

Lecture 98

W 2021 Q2 (NEW LECTURE) Buy

Lecture 99

IFRIC 14 - Comprehensive explanation and application Buy

IFRS 2

Lecture 100

What is a share based payment, Equity settled share based payment and its types. Service condition, Performance condition. IG Example 1A & 2 Buy

Lecture 101

Performance condition, Market condition, Impact of various conditions in estimating FV at Grant date, IG Example 4 Buy

Lecture 102 [UPDATED]

Intrinsic value method for certain equity settled share based payments, Cancellation or Settlement of equity settled share based payments, IG Example 10 Cancellation & Settlement Example Buy

Lecture 103

Modification of share based payments, IG Example 8 Amended Buy

Lecture 104

Cash settled share based payments, IG Example 12 Buy

Lecture 105

Equity settled share based payments with cash alternatives (Mix SBP). IG Example 13 Amended, IG Example 9 Amended Buy

Lecture 106

Employee share purchase plan, Group share based payments, Reload feature, Deferred tax in share based payments, IG Example 11 & 14, Reload feature example, Deferred tax in share based payments example Buy

Lecture 107

Discussion on Exam Questions: S15 Q3b W16 Q4 W17 Q6b S18 Q6(i) Buy

Lecture 108

Lecture 109 [NEW LECTURE]

W 2021 Q4 (NEW LECTURE) Buy

Lecture 110 [NEW LECTURE]

Lecture 111 [NEW LECTURE]

Application of vesting conditions for a cash settled share based payment Buy

Lecture 112 [NEW LECTURE]

Computer based exam practice W22 Q2 Buy

Lecture 113 [Updated]

Computer Based Exam Practice S23 Q3a Buy

IAS 33 (Revision of CAF topic ; Not directly in CFAP syllabus)

Lecture 114

Basic EPS, Restatement of comparatives, Issue at market value, Right issue at less than market value, Share splits & consolidations, Bonus issue, Buy back for value, Restatement of comparatives, Computation tables, Not for value issue after year end Buy

Lecture 115 [UPDATED]

Fundamentals of Diluted EPS, Potential dilutive instruments (PDIs), Share options, Convertible debenture & preference shares, Computation tables Buy

Lecture 116

Exam Practice, Formats Disclosures, Continuing & discontinued operations, S12, Q3 (Que Limited) Buy

Lecture 117 [UPDATED]

Advanced concepts in Diluted EPS, Performance condition share based payment, Service condition share based payment, Partly paid shares Buy

Lecture 118

Equity classified preference shares with imputed dividend, Equity classified preference shares with participating dividend, S17, Q2 Buy

Lecture 119 [UPDATED]

EPS in interim financial statements (Quarterly/ Half Yearly etc. per IAS 34), Conversion of PDIs, S18, Q7 Buy

Lecture 120

EPS in consolidated financial statements Buy

Lecture 121

Buy back of shares at less than market value Buy

Specialized FS

Lecture 122 [UPDATED]

Lecture 123

General & Life Insurance: Business structure, Rules for preparing FS, Format & Content, W18 Q3 Buy

Lecture 124

Mutual Funds: Business structure, Rules for preparing FS, Types of funds, Format & Content, S18 Q5, W20 Q5 Buy

Lecture 125 [UPDATED]

Employee benefit Trusts: Types, IAS 26, Rules for preparing FS, Format & Content, W14 Q4 Buy

Lecture 126 [NEW LECTURE]

W 2021 Q5 (NEW LECTURE) Buy

Lecture 127 [NEW LECTURE]

S 2022 Q5 (NEW LECTURE) Buy

Lecture 128

Computer based exam practice - W22 Q5a Buy

Lecture 129

Computer based exam practice - S23 Q5a Buy

IAS 10 & 37

Lecture 130

All topics of IAS 10 & 37 Buy

IAS 23

Lecture 131

All concepts excluding Exchange differences & Hyper inflationary economies Buy

Lecture 132

Exchange differences Buy

IFRIC 21

Lecture 133

All topics of IFRIC 21 Buy

IFRS 8

Lecture 134

All topics of IFRS 8 Buy

IAS 8

Lecture 135

All topics of IAS 8 Buy

IAS 34

Lecture 136

All topics of IAS 34 Buy

IFRS 13

Lecture 137

All topics, W17 Q1b Buy

Lecture 138

When can approach to measure fair value be changed? Buy

IFRS 6

Lecture 139

All topics of IFRS 6 Buy

IFRS 14

Lecture 140

All topics of IFRS 14 Buy

IFRS 1

Lecture 141

All topics of IFRS 1 Buy

IFRS for SME

Lecture 142

All topics of IFRS for SME Buy

IFRS 17

Lecture 143

All topics of IFRS 17 Buy

IAS 24

Lecture 144

All topics of IAS 24 Buy

IFAS

Lecture 145

All topics of IFAS Buy

Lecture 146

Computer based exam practice - W22 Q5b Buy

IPSAS

Lecture 147

All topics of IPSAS Buy

IAS 29

Lecture 148

Lecture 149

Lecture 150

Application for Pakistan in 2024 Buy

Lecture 151

Computer based exam practice - S23 Q5b Buy

Ethics

Lecture 152

Code of Ethics for CA in Business Buy

Lecture 153

How to solve questions in exam + Computer based exam practice W22 Q1b Buy

Current developments at IASB

Lecture 154

Current developments at IASB - Changes in standards expected in the next 3 to 5 years Buy

MSA1 Practice for AAFR students

Lecture 155

W 21 Q3b Buy

Lecture 156

Lecture 157

W 20 Q2 Buy

Lecture 158

W 19 Q2 Buy

Lecture 159

Lecture 160

S 18 Q2 Buy

Lecture 161

S23 MSA-1 Q1 Buy

Lecture 162

S23 MSA-1 Q2 Buy

Lecture 163

S23 MSA-1 Q3 Buy

Accounting impacts of a recession

Lecture 164

New lecture on Financial reporting impacts of a recession scenario Buy

W 2023 AAFR solution

Lecture 165

AAFR Winter 2023 Q1 Buy

Lecture 166

AAFR Winter 2023 Q2 Buy

Lecture 167

AAFR Winter 2023 Q3 Buy

Lecture 168

AAFR Winter 2023 Q4 Buy

Lecture 169

AAFR Winter 2023 Q5 Buy

Computer Based Exam Guidance

Lecture 170

Lecture 171

Revision + Exam Handling

Lecture 172

Revision + Exam Handling Buy

Revision Series

Lecrure 173 IAS 12 Revision

Lecture 174 Financial Instruments Revision

Lecture 175 IFRS 15 Revision

Lecture 176 IFRS 16 Revision

Lecture 177 Group FS Revision

Lecture 178 IAS 19 Revision

IAS 19 Buy

Lecture 179 Share Based Payments Revision

Winter 2022 Live Q&A Session

W 22 Live Q&A sessions - 1

AAFR - Winter 2022 - Q_A session 1 Part 1 Buy

W 22 Live Q&A sessions - 2

W 22 Live Q&A sessions - 3

AAFR - Winter 2022 - Q_A session 3 Buy

W 22 Live Q&A sessions - 4

AAFR - Winter 2022 - Q_A session 4 Buy

Summer 2023 Live Q&A Session

S 23 Live Q&A sessions - 1

Summer 2023 AAFR Live Q_A # 1 Buy

S 23 Live Q&A sessions - 2

Summer 2023 AAFR Live Q_A # 2 Buy

S 23 Live Q&A sessions - 3

S 23 Live Q&A sessions - 4

S 23 Live Q&A sessions - 5

Summer 2023 AAFR Live Q_A # 5 Buy

S 23 Live Q&A sessions - 6

S 23 Live Q&A sessions - 7

Summer 2023 AAFR Live Q_A # 7 Buy

Winter 2023 Live Q&A Session

W 23 Live Q&A sessions - 1

Winter 2023 AAFR Live Q_A # 1 Buy

W 23 Live Q&A sessions - 2

Winter 2023 AAFR Live Q_A # 2 Buy

Ammar Ahmed

Mr. Ammar Ahmed is a qualified Chartered Accountant (Pakistan). He qualified CA at the age of 21 and took less than 4 years to pass all his CA exams. He qualified CA examinations in 2012 and obtained Gold Medals & Merit Certificates in 9 CA subjects, including Gold Medals in most of the subjects that he teaches.

Ammar is a CFA (Level 3 qualified) and passed his L3 exams with a 90th percentile score. He is an Alumni of Harvard Business School (one of the top business schools of the world) having graduated on-campus Program equivalent to Executive MBA with a class distinction. He is also currently doing MS Finance from University College London (amongst the top 10 universities of the World).

Mr. Ammar has been teaching CA CFAP / MSA subjects since 2012 with excellent results (>60% passed students) with 4000+ students having passed respective paper, 5 student distinctions & 600+ CA qualified students.

Ammar has 13 years of professional experience and has led teams & departments in Marketing, Strategy & Finance divisions at a Large MNC. He is a member of the Accounting Standards Board's Technical Advisory Group since 2017.

Mr. Ammar has also attended on-campus Executive education programs at INSEAD (one of the top business schools of the world) and LUMS (one of the best business schools in Pakistan).

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