Importance Of Adopting A New Strategy After Not Achieving Your Desired CAF Result As Per New Scheme

In the previous blog, we discussed 4 things to keep in mind should you fall short of achieving your desired result. In this blog, we try to cover why failing any CAF papers may require a different strategy on your part and may require you to pay more attention:

1. ICAP New Education Scheme:

ICAP has announced a new education scheme applicable from CAF March 22 attempt which means the strategy to attempt the paper and the syllabi have changed requiring a more attentive approach to studying. This means, the role of a mentor, or a teacher, is much more important as you will learn about the valuable studying techniques and the change in the syllabus will also be addressed through the classes and the testing schedule designed to help you prepare for the new-scheme-based-exams.

2. Syllabus Change of Subjects:

As you are already aware, CAF is now based on 2 groups and 8 papers rather than 9 papers of 1 level. Along with structural changes, there are significant syllabus changes in the subjects as well. In FAR 1, new standards that have been added are IAS 08, 33 which are major standards that make 20% of the grid that is to be tested in the ICAP examination. Furthermore, Principles of Taxation, now called Tax Practices, has an addition of 20 lecture hours owing to the change in testing strategy at the ICAP examination level. Another significant change is the addition of 25 marks grid in Business Law which will also require a deeper understanding of the subject. And while everyone is aware that BMBS has been replaced with a completely different paper called Managerial & Financial Analysis. Company Law has also seen additions and structural changes in its syllabus.

Given that there have been many changes in the ICAP syllabus, students will quickly need to adapt and overcome the challenges they face and focus on achieving their desired results in the upcoming CAF examination session.

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