Success at the Case Study requires use of the technical knowledge and skills acquired from all of the CA modules, namely:

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1 ase Study 100 Marks Overview The objective of the ase Study is to assess understanding of the relevance of different technical areas and the recognition of ethical issues within complex business issues and the ability to analyse financial and nonfinancial data. The limited class time available with a tutor, even when supplemented by extensive home study, is insufficient for success in the ase Study. Students must bring work experience into their preparation and development programme. Success at the ase Study requires use of the technical knowledge and skills acquired from all of the modules, namely: the core technical knowledge and skills and practical application acquired at the ertificate and s; the technical, analytical, and evaluative skills from the dvanced technical modules; and the advisory, judgemental and communication skills acquired through practical work experience undertaken during training. ll areas of the syllabus may be tested over time. skills required for the case study ognitive, analytical and evaluative skills 1. Identification of business, technical and ethical issues 2. pplication of technical knowledge to identified issues 3. Understanding of scenario and wider business issues 4. Understanding of the relevance of data and information 5. Selection of appropriate analytical tools 6. nalysis of requirements, situation and data 7. onclusions based on evidence, implications, assumptions and information generated ommunication and articulation skills 1. Structure in presentation of data and written work 2. Integration and positioning of data within and alongside written work 3. Tact in presentation 4. Objectivity in presentation 5. Format and language ase study scenarios The ase Study will be designed to resemble a typical situation in which chartered accountants find themselves. The ase Study scenario may be based on any one of a variety of different organisational structures or operations and will be presented in individual, group and international contexts. Examples of possible scenarios are listed below in order to provide an understanding of the likely context in which technical knowledge and ethical awareness will be assessed. Page 82 of 99

2 Scenarios relating to things that have happened or are happening within a business: 1. usiness and ethical issues including situations of business risk in the process of stakeholder communication 2. usiness and ethical issues in the process of tax compliance work including situations with corporate reporting implications 3. urrent taxation and corporate reporting issues for businesses 4. Undertaking controls and systems process assurance projects including review and testing of controls and reporting to management 5. ssessment of controls including IT and E-commerce controls 6. reaches of laws and regulations that may require forensic accounting and investigation projects to assess risk and provide management with information to decide upon appropriate actions 7. Issues of earnings management, creative accounting and aggressive earnings management 8. usinesses undertaking major projects and/or organisational or process transformation 9. Issues arising from raising finance, including issues of compilation of financial information, production of prospective financial information and implications for corporate reporting 10. Issues arising from corporate transformations and group reorganisations 11. Issues arising from international corporate expansion including situations with taxation and corporate reporting implications 12. Issues arising from use of complex financial instruments in business finance and risk management. Scenarios relating to future business strategies and developments: 1. ontrols and systems process planning 2. Developing management and corporate governance mechanisms 3. usiness risk management 4. Developing business and information strategies including E-commerce and E-business 5. Transfer pricing decisions 6. usiness start-up planning 7. usiness and asset valuations upon acquisitions and disposals for business and tax purposes 8. Due diligence investigations of information provided to investors 9. Raising finance Initial public offers Private equity arrangements 10. Developing performance management approaches 11. Developing remuneration and reward packages 12. Structuring of entities Incorporation Group re-organisation Outsourcing Joint ventures and alliances cquisitions and mergers Page 83 of 99

3 Demergers Franchising Divestment Management buy-out Management buy-in 13. usiness recovery 14. Insolvency and bankruptcy 15. Developing international operations 16. Structuring of business finance Page 84 of 99

4 TEHNIL KNOWLEDGE GRIDS The tables contained in this section show the technical knowledge in the disciplines of financial reporting, audit and assurance, business analysis, ethics and taxation covered in the syllabus by module. For each individual standard the level of knowledge required in the relevant ertificate and module and at the dvanced is shown. The knowledge levels are defined as follows: D n awareness of the scope of the standard. general knowledge with a basic understanding of the subject matter and training in its application thereof sufficient to identify significant issues and evaluate their potential implications or impact. working knowledge with a broad understanding of the subject matter and a level of experience in the application thereof sufficient to apply the subject matter in straightforward circumstances. thorough knowledge with a solid understanding of the subject matter and experience in the application thereof sufficient to exercise reasonable professional judgement in the application of the subject matter in those circumstances generally encountered by chartered accountants. Key to other symbols: the ertificate level reached is assumed to be continued Page 85 of 99

5 SSURNE ND UDIT TEHNIL GRID ssurance udit and ssurance dvanced The International uditing and ssurance Standards oard D The uthority ttaching to Standards Issued by the International uditing and ssurance Standards oard The uthority ttaching to Practice Statements Issued by the International uditing and ssurance Standards oard Discussion Papers Working Procedures International Standards on uditing (ISs) 200 (Revised June 2016) Overall Objectives of the Independent uditor and the onduct of an udit in ccordance with International Standards on uditing 210 (Revised June 2016) greeing the Terms of udit Engagements 220 (Revised June 2016) Quality ontrol for an udit of Financial Statements 230 (Revised June 2016) udit Documentation 240 (Revised June 2016) The uditor s Responsibilities Relating to Fraud in an udit of Financial Statements 250 (Revised June 2016) onsideration of Laws and Regulations in an udit of Financial Statements 250 (Revised June 2016) The uditor s Statutory Right and Duty to Report to Regulators of Public Interest Entities and Regulators of other Entities in the Financial Sector 260 (Revised June 2016) ommunication with Those harged with Governance 265 ommunicating Deficiencies in Internal ontrol to Those harged with Governance and Management 300 (Revised June 2016) Planning an udit of Financial Statements 315 (Revised June 2016) Identifying and ssessing the Risks of Material Misstatement Through Understanding the Entity and its Environment 320 (Revised June 2016) Materiality in Planning and Performing an udit 330 (Revised June 2016) The uditor s Responses to ssessed Risks 402 udit onsiderations Relating to an Entity Using a Service Organisation 450 (Revised June 2016) Evaluation of Misstatements Identified during the udit 500 udit Evidence Page 86 of 99

6 ssurance udit and ssurance dvanced 501 udit Evidence - Specific onsiderations for Selected Items 505 External onfirmations 510 (Revised June 2016) Initial udit Engagements - Opening alances 520 nalytical Procedures 530 udit Sampling 540 (Revised June 2016) uditing ccounting Estimates, Including Fair Value ccounting Estimates and Related Disclosures 550 Related Parties 560 Subsequent Events 570 (Revised June 2016) Going oncern 580 Written Representations 600 (Revised June 2016) Special onsiderations udits of Group Financial Statements (including the Work of omponent uditors) 610 (Revised June 2013) Using the Work of Internal uditors 620 (Revised June 2016) Using the Work of an uditor s Expert 700 (Revised June 2016) Forming an opinion and Reporting on Financial Statements 701 (Revised June 2016) ommunicating Key udit Matters in the Independent uditor s Report 705 (Revised June 2016) Modifications to the Opinion in the Independent uditor s Report 706 (Revised June 2016) Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent uditor s Report 710 omparative Information orresponding Figures and omparative Financial Statements 720 (Revised June 2016) The uditor s Responsibility Relating to Other Information 800 (Revised October 2016) Special onsiderations udits of Financial Statements prepared in ccordance with Special Purpose Frameworks 805 (Revised October 2016) Special onsiderations udits of Single Financial Statements and Specific Elements, ccounts or items of a Financial Statement 810 (Revised) Engagements to Report on Summary Financial Statements International uditing Practice Note (IPN) 1000 Special onsiderations in uditing Financial Instruments International Standards on Review Engagements (ISREs) 2400 (Revised September 2012) Engagements to Review Financial Statements 2410 Review of Interim Financial Information Performed by the Independent uditor of the Entity Page 87 of 99

7 ssurance udit and ssurance dvanced International Standards on ssurance Engagements (ISEs) 3000 (Revised) ssurance Engagements Other than udits or Reviews of Historical Financial Information 3400 The Examination of Prospective Financial Information 3402 ssurance Reports on ontrols at a Service Organisation 3410 ssurance Engagements on Greenhouse Gas Statements International Standards on Related Services (ISRSs) 4400 Engagements to Perform greed-upon Procedures Regarding Financial Information 4410 ompilation Engagements (Revised March 2012) Quality ontrol Statement ISQ1 (Revised June 2016) Quality ontrol for Firms that Perform udits and Reviews of Financial Statements, and Other ssurance and Related Services Engagements USINESS NLYSIS TEHNIL GRID ertificate and s Management Information usiness and Finance Financial Management usiness strategy dvanced STRTEGI NLYSIS Environmental and market analysis tools PESTEL analysis Porter s five forces Product life cycle oston consulting group matrix Prices and markets ompetitor analysis Positional and other analysis tools Resource audit Page 88 of 99

8 ertificate and s Management Information usiness and Finance Financial Management usiness strategy dvanced Resource-based strategy Value chain analysis SWOT analysis Gap analysis Marketing analysis ompetitive advantage enchmarking Directional policy matrix usiness process analysis Strategic risk analysis alanced scorecard STRTEGI HOIE Strategy formulation, evaluation and choice usiness risk management Financial analysis and data analysis Stakeholder analysis Objectives and stakeholders preferences orporate responsibility and sustainability STRTEGI IMPLEMENTTION usiness plans Organisational structure Information management hange management Project management USINESS MNGEMENT Performance management Strategic marketing and brand management orporate Governance Information strategy Human resource management Page 89 of 99

9 ertificate and s Management Information usiness and Finance Financial Management usiness strategy dvanced OST NLYSIS FOR DEISION MKING osting ost classification osting systems direct, marginal, absorption ctivity based costing () reak even analysis Multi-product break even analysis udgeting and performance management Pricing Pricing decisions Transfer pricing Decision making techniques Expected values Relevant cash flows Sensitivity analysis USINESS ND SHREHOLDER VLUE Valuation Techniques Income dividend yield Income P/E Income discounted cash flow sset based measures Options approach Shareholder value Value ased Management (VM) Value drivers Shareholder Value nalysis (SV) Short and long-term growth rates and terminal values Economic profit ash flow Return on Investment (FROI) Total Shareholder Return (TSR) Market Value dded (MV) Page 90 of 99

10 ertificate and s Management Information usiness and Finance Financial Management usiness strategy dvanced INVESTMENT PPRISL ND RISK NLYSIS Project appraisal NPV IRR Payback Relevant cash flows Tax and inflation Replacement nalysis apital rationing djusted Present Value (PV) ssessing risk Project appraisal and sensitivity analysis Project appraisal and simulation Expected values Scenario planning Gap analysis ontinuous vs. event risk FINNIL NLYSIS ost of capital ost of equity ost of debt ost of preference shares ost of bank loans Weighted verage ost of apital (W) Effective interest rates Splitting convertibles into equity and debt elements Equity instruments Portfolio theory and PM Portfolio theory PM PT and MPM PM and cost of capital Page 91 of 99

11 ertificate and s Management Information usiness and Finance Financial Management usiness strategy dvanced International cost of capital onds and fixed interest securities ond pricing using NPV Yields to maturity Duration and price volatility onvexity Term structure of interest rates orporate borrowing and default risk SOURES OF FINNE ND FINNING RRNGEMENTS Short, medium and long-term sources of finance Loan agreement conditions (warranties; covenants; guarantees) Raising capital Gearing and capital structure Loan agreements and covenants Dividend policy Financing reconstructions (e.g., group reconstruction, spin off, purchase of own shares, use of distributable profits) Treasury and working capital management Small and medium company financing History of finance FINNIL INSTRUMENTS ND FINNIL MRKETS/ FINNIL RISK MNGEMENT Futures, options and swaps Options Interest rate futures Interest rate options Interest Forward Rate greements (FRs) Interest rate swaps Foreign exchange urrency forward contracts urrency money market cover urrency options Page 92 of 99

12 ertificate and s Management Information usiness and Finance Financial Management usiness strategy dvanced urrency swaps Operational techniques for managing currency risk Theoretical determinants of foreign exchange rates Option value Value of a call and put option lack Scholes option pricing model inomial Option Pricing Model Real options Page 93 of 99

13 ETHIS ODES ND STNDRDS TEHNIL GRID Ethics odes and Standards Modules /D ertificate ccounting ssurance /D usiness and Finance D Law Management Information Taxation 1 Framework for Preparation and Presentation of Financial Statements I ode of onduct Schedule, Part-I udit and ssurance usiness Strategy Financial ccounting and Reporting / Financial Management Taxation 2 dvanced orporate Reporting Strategic usiness Management ase Study Page 94 of 99

14 FINNIL REPORTING TEHNIL GRID ertificate & dvanced ccounting Financial ccounting and Reporting orporate Reporting Preface to angladesh Financial Reporting Standards onceptual Framework for Financial Reporting IS 1 Presentation of Financial Statements IS 2 Inventories IS 7 Statement of ash flows IS 8 ccounting Policies, hanges in ccounting Estimates and Errors IS 10 Events after the Reporting Period IS 12 Income Taxes IS 16 Property, Plant and Equipment IS 17 Leases IS 19 Employee enefits - IS 20 ccounting for Government Grants and Disclosure of Government ssistance IS 21 The Effects of hanges in Foreign Exchange Rates IS 23 orrowing osts IS 24 Related Party Disclosures IS 26 ccounting and Reporting by Retirement enefit Plans - D IS 27 Separate Financial Statements IS 28 Investments in ssociates and Joint Ventures IS 29 Financial Reporting in Hyperinflationary Economics - D IS 32 Financial Instruments: Presentation IS 33 Earnings Per Share IS 34 Interim Financial Reporting - IS 36 Impairment of ssets IS 37 Provisions, ontingent Liabilities and ontingent ssets IS 38 Intangible ssets Page 95 of 99

15 ertificate & dvanced ccounting Financial ccounting and Reporting orporate Reporting IS 39 Financial Instruments: Recognition and Measurement IS 40 Investment Property - IS 41 griculture - D IFRS 1 First-Time doption of IFRS - IFRS 2 Share-based Payment - IFRS 3 usiness ombinations IFRS 4 Insurance ontracts - D IFRS 5 Non-urrent ssets Held for Sale and Discontinued Operations IFRS 6 Exploration for and Evaluation of Mineral Resources - D IFRS 7 Financial Instruments: Disclosures IFRS 8 Operating Segments - IFRS 9 Financial Instruments - IFRS 10 onsolidated Financial Statements IFRS 11 Joint rrangements IFRS 12 Disclosure of Interests in Other Entities IFRS 13 Fair Value Measurement IFRS 14 Regulatory deferral accounts - IFRS 15 Revenue from contracts with customers IFRS 16 Leases - IFRS for SMEs - Page 96 of 99

16 TXTION TEHNIL GRID ertificate Taxation 1 Taxation 2 1 asic concepts, definitions, principles 2 dministration of angladesh Income Tax 3 Income Tax preparation process, procedure 4 Dispute resolution 5 Tax compliances and VT rules 6 Special provisions, recovery, refund 7 International taxation - 8 ethical consideration 9 Tax Research 10 Tax planning, compliances 11 VT and other taxes USINESS LW TEHNIL GRID ertificate usiness Law orporate Laws & Practices 1. Overview of ompanies ct, The Negotiable Instruments ct, The Partnership ct, The angladesh Labour ct, 2006 and angladesh Labour Rules, The ompanies ct 1994 and Secretarial Practices - 6. Laws relating to the Securities and Exchange ommission 7. Financial Reporting ct The ank ompany ct The Financial Institutions ct The Insurance ct Foreign Exchange Regulations, Page 97 of 99

17 INFORMTION TEHNOLOGY TEHNIL GRID ertificate Information Technology IT Governance 1. Information Systems in usiness 2. Introduction to omputers 3. E- business Systems 4. Enterprise usiness Systems 5. Electronic ommerce Systems 6. Decision support systems 7. Developing business / IT Solutions 8. IT Governance and Strategy D 9. Information Technology Policies and Laws D 10. Information Systems Security D 11. IT ontrols 12. Information Systems uditing - Page 98 of 99