Exam info: CAP1 (CA Proficiency 1)
Assessment of CAP1
Assessment at CAP1 comprises a blend of continuous assessment and traditional examinations. An overall mark of 50% will be required to pass each paper (combination of continuous assessment and examination). Please note for the Law exam 25 marks (50%) is required to pass.
The five subjects making up CAP1 level are:
1. Law for Accountants
2. Finance
3. Management Accounting
4. Financial Accounting
5. Taxation I ( ROI) (NI)
The introduction of continuous assessment is in recognition of the fact that certain skills are better assessed outside the traditional end-of-year examination format.
Candidates are advised to consult the relevant examinations publications for specific regulations governing the operation of continuous assessment and examinations. In particular, students should note the requirement to pass the double-entry book-keeping continuous assessment and CAP1 Law exam prior to being permitted to sit any of the CAP1 examinations.
For 2024-2025, CAP1 assessment consists of the following:
| Paper |
Subject |
Interim Assessment |
Examination |
|
|
Weight |
Description |
Weight |
Description |
| Paper 1 |
Law for Accountants (ROI) and (NI) |
n/a |
n/a |
100% |
90 min (E-assessment) |
| Paper 2 |
Finance |
n/a |
n/a |
100% |
2.5 hrs |
| Paper 3 |
Management Accounting |
n/a |
n/a |
100% |
2.5 hrs |
| Paper 4 |
Financial Accounting |
20% |
90 min Double entry-book-keeping (DEBK) competence test |
80% |
2.5 hrs |
| Paper 5 |
Taxation I (ROI) and (NI) |
n/a |
n/a |
100% |
2.5 hrs |
Number of attempts
Students may make a maximum of six attempts over three consecutive years. The first sitting will normally be made at the summer session. If a student does present or defers a sitting, this sitting will be classified as a forfeited attempt.
Recommended education/study leave
The Institute recommends that training firms provide time off to their students to present for examination. The recommended education/study leave is intended to accommodate attendance on education courses, e.g. block release, and private study.
The following recommendations are made in relation to education/study leave for those preparing as first attempt candidates for the CAP1 exams:
| Paper |
Recommended Study Leave |
Exam Leave |
| Paper 1 |
one working day |
not applicable as this is an on demand exam |
| Papers 2, 3, 4, 5 |
five working days per subject |
one day (on day of exam) per subject |
| Any repeat/resit exam |
n/a |
one day (on day of exam) per subject*
*excludes paper 1 and interim assessment resits |
NOTE:
Recommended education/study leave is exclusive of time required to sit the examination. Additional time off for sitting examinations is also recommended.
Adjudication of results
- Candidates are required to pass each subject independently.
- In order to pass each subject, the candidate must achieve a minimum of 50% or better (based on amalgamation of any applicable interim assessment component and the examination paper)
- Independent passes in each subject are referred to as credits. Where a candidate obtains a credit in every subject in the combination of subjects sat, his result will be adjudicated as Pass.
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