Exam info: CAP2 (CA Proficiency 2)
Assessment at CAP2
CAP2 consolidates and expands on the core functional competencies introduced at CAP1. Exemptions are only available from approved masters programmes. The four subjects making up CAP2 level are:
- Strategic Finance & Management Accounting;
Assessment at CAP2 comprises a Financial Reporting interim assessment and traditional end-of-year examinations. An overall mark of 50% is required to pass each paper (i.e.: combination of interim assessment and examination). Candidates are advised to consult the relevant examinations publications for the specific regulations governing the operation of interim assessments and end-of-year examinations.
All end-of-year examinations at CAP2 are of 3 hours and 50 minutes’ duration and are open book, the 20 minutes reading time has been amalgamated into this time. The interim assessment is of 90-minutes’ duration and is open book.
The Financial Reporting interim assessment carries a maximum of 15% towards the 85% weighted main exam.
A modular approach is available at CAP2( whereby students may sit two subjects at a time, rather than take all four subjects together). Please refer to the relevant examination publications for specific regulations in this regard.
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 not 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 CAP2 exams:
Paper |
Recommended study leave |
Exam leave |
Papers 1, 2, 3, 4 |
seven and a half 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 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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