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ICAN Case Study Notes

An integrated case that tests knowledge from every level in a realistic business situation. This course follows the ICAN syllabus in 26 topics. All 26 are published, each with detailed notes, worked examples, exam tips and ICAN-style practice questions.

Topics in ICAN Case Study

Read them in order or jump to the one you need.

Topics in ICAN Case Study, grouped by syllabus section
No.TopicRead
Case Study technique, marking and report writing10 topics
1What the Case Study paper tests and how it differs from other papersRead note
2The four-hour Case Study paper: the case pack, a reading method and a time planRead note
3Preparing for the Case Study paper: knowledge, analysis, writing and the ten differentiatorsRead note
4Reading a case and spotting issues: a method you can repeat on any caseRead note
5How the Case Study marking key works: boxes, grades and marksRead note
6Reading a marking key: a worked example, box by boxRead note
7How numerical work is rewarded, the grade profile and quality versus quantityRead note
8Writing the report: type, structure, headings and the report formatRead note
9The executive summary: what it contains, how to write it and mistakes to avoidRead note
10Language, style and the disclaimer in a Case Study reportRead note
Financial statement analysis3 topics30% of marks
11Financial statements analysis: meaning, types and techniquesRead note
12The ratio analysis toolkit for the Case StudyRead note
13Financial statements analysis in the Case Study: method, report and worked casesRead note
Sustainability, sustainable business and responsible finance1 topic15% of marks
14Analysing and interpreting a sustainability reportRead note
Financial data analysis11 topics30% of marks
15Financial data analysis: forecasting, budgeting and financial appraisalRead note
16Breakeven, cost-volume-profit analysis and pricing decisionsRead note
17Product mix, profitability and short-term and long-term decisionsRead note
18Project appraisal, flexing the numbers and sensitivity analysisRead note
19Risk and uncertainty in decision making: expected values, decision trees and perfect informationRead note
20Business valuation: purpose, approaches and asset-based methodsRead note
21Valuing shares: P/E, earnings yield, dividend yield and dividend growth modelsRead note
22Accuracy, assumptions and professional scepticism in financial data analysisRead note
23Plausibility, interpretation and using financial data analysis in the examRead note
24Corporate restructuring, capital reorganisation and capital reduction under CAMA 2020Read note
25Capital reconstruction and schemes of arrangementRead note
Business strategic and operational analysis1 topic25% of marks
26Operational and strategic analysis in the Case Study, including business trust and ethicsRead note

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About ICAN Case Study Notes

These are the 26 Case Study topics, in teaching order, across 5 syllabus sections. The first note is “What the Case Study paper tests and how it differs from other papers” and the last is “Operational and strategic analysis in the Case Study”. Reading them all takes about 3 hours. At an hour a day, that is about 3 days.

What you will learn
  • Read a case, plan your time and write a clear report
  • Analyse financial statements and judge performance (30% of marks)
  • Assess sustainability and responsible finance in a business case (15% of marks)
  • Analyse financial data and turn it into recommendations (30% of marks)
  • Analyse business strategy and operations, and advise management (25% of marks)

Frequently asked Questions about Case Study

What is ICAN Case Study?

An integrated case that tests knowledge from every level in a realistic business situation. It is a Professional level paper.

Are the Case Study notes free?

Yes. All 26 topics are free to read online. You pay only to keep them as PDF and Word, which come in the course pack with the full question bank and marking guides.

How do the notes help me prepare for the Case Study?

Ten topics teach Case Study technique, marking and report writing. The rest cover financial statement analysis, financial data analysis, sustainability and strategic analysis, with worked examples you can turn into practice reports.

How many topics are in Case Study?

There are 26 topics in 5 syllabus sections, in teaching order. Each has a summary, worked examples, exam tips and practice questions.

Which section carries the most marks in Case Study?

Two sections tie at 30% of marks each, so none dominates. Spread your time across all of them.

Can I practise with past questions?

Yes. Every topic has ICAN-style practice questions with marking guides. Where past ICAN questions exist, a Pathfinder section lists them by diet and year, so you can try the real thing.

What mark do I need to pass Case Study?

ICAN papers are normally passed with 50%. Confirm the current rule on the official ICAN portal, because the Institute can change it.

Are the notes up to date?

They follow the ICAN Professional level syllabus, so they are the same for every diet. Found a mistake? Tap Tell us on any topic and we will check it.

Are these notes from ICAN?

No. Accountants.ng is independent of ICAN. ICAN publishes the official syllabus, study text and past papers, so use our notes alongside them.

How do I study Case Study without getting overwhelmed?

Take one topic at a time. Read it, try the practice questions, then check the marking guide. Move through the sections in order, and give extra time to the sections with more marks.