Free Practice Questions for Kazakhstan CAP

Exam-style questions and explanations by OpenExamPrep.

✓ No registration✓ No credit card

100+ Questions

100% Free

Loading practice questions...

Same family resources

Explore More Kazakhstan CAP and CIPA Accounting Qualifications

Continue into nearby exams from the same family. Each card keeps practice questions, study guides, flashcards, videos, and articles in one place.

CIPA Certified International Professional Accountant Examination (Казахстан)

Practice Questions100 questions

Exam Review

Key Facts: Kazakhstan CAP Exam

4 Papers

Exam Structure

CIPAEN Program

75 / 100

Passing Score per Paper

CIPAEN Regulations

4 hrs

Duration per Exam Paper

CIPAEN Regulations

1 Year

Practical Experience Req.

CIPA Program Requirements

Russian

Official Exam Language

CIPAEN Kazakhstan

100 MCQs

OpenExamPrep Practice Bank

OpenExamPrep Adaptation

CAP (Certified Accounting Practitioner) is the first level of the CIPA programme run by the CIPA Examination Network. It requires passes at 75 points out of 100 in four written papers - Financial Accounting 1, Management Accounting 1, Taxes and Law - plus confirmation of basic IT competence, one year of verified experience and membership in good standing of a professional organisation. No higher education is required at this level. Papers run 4 hours closed book, except Financial Accounting 1 at 4.5 hours open book, and sessions are held three times a year in Russian. The Taxes and Law papers follow the legislation of the country of the sitting, so in Kazakhstan they test the Tax Code and Kazakhstan law. This 100-question bank is an independent English-language MCQ study adaptation, not an official translation or item set.

Sample Kazakhstan CAP Practice Questions

Try these sample questions to review concepts for the Kazakhstan CAP exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under the double-entry bookkeeping system used in IFRS financial accounting, which type of account is increased by a credit entry?

A.Asset accounts

B.Expense accounts

C.Liability accounts

D.Dividends declared accounts

Explanation: Under double-entry bookkeeping, credit entries increase liabilities, equity, and revenue accounts, while debit entries increase assets and expenses. Therefore, liability accounts increase with a credit entry.

2Which accounting concept dictates that revenues and related expenses must be recognized in the accounting period in which they are earned and incurred, regardless of when cash is received or paid?

A.Cash basis concept

B.Accrual basis concept

C.Prudence convention

D.Historical cost principle

Explanation: The accrual basis of accounting (stipulated by IAS 1 and Section 2 of IFRS for SMEs) requires transactions and economic events to be recognized when they occur, matching revenues earned with expenses incurred, irrespective of the timing of cash inflows or outflows.

3Under IAS 2 (Inventories) and Section 13 of IFRS for SMEs, which of the following cost formulas is explicitly PROHIBITED for measuring inventory cost?

A.First-In, First-Out (FIFO)

B.Weighted Average Cost

C.Specific identification of individual costs

D.Last-In, First-Out (LIFO)

Explanation: IAS 2 and IFRS for SMEs Section 13 permit the FIFO and Weighted Average cost formulas, as well as specific identification for non-interchangeable items. The Last-In, First-Out (LIFO) formula is strictly prohibited under international standards because it understates inventory on the balance sheet during periods of rising prices.

4An enterprise in Kazakhstan purchases manufacturing equipment. Under IAS 16 (Property, Plant and Equipment), which of the following expenditures must be EXPENSED immediately rather than capitalized into the initial cost of the asset?

A.Import duties and non-refundable purchase taxes

B.Initial delivery, handling, and transportation charges

C.Costs of site preparation and foundation installation

D.Staff training costs for operating the new machine

Explanation: IAS 16 explicitly excludes staff training costs from the cost of an item of property, plant and equipment because the enterprise does not control the future economic benefits embodied in the trained personnel. Training costs are recognized as an operating expense when incurred.

5An accountant proposes to delay publishing a company's financial statements by four months so that every figure can be independently re-checked. Under the IFRS Conceptual Framework for Financial Reporting, how should this trade-off be analysed?

A.Verifiability is a fundamental characteristic and therefore outranks timeliness, so the delay is required

B.Verifiability and timeliness are both enhancing characteristics, so they are balanced against each other without either overriding relevance or faithful representation

C.Timeliness is a fundamental characteristic, so information published late ceases to qualify as financial information at all

D.Neither is a qualitative characteristic; the decision is purely a matter of the entity's accounting policy

Explanation: The Conceptual Framework splits the qualitative characteristics into two fundamental ones, relevance and faithful representation, and four enhancing ones: comparability, verifiability, timeliness and understandability. Verifiability and timeliness both sit in the enhancing group, so neither takes priority over the other and neither can compensate for information that is irrelevant or not faithfully represented. Enhancing characteristics are traded off against one another, and the Framework notes that a delay may be worth accepting to raise verifiability, or the reverse, depending on which yields more useful information.

6In the Statement of Financial Position prepared in accordance with IAS 1, which criterion classifies an asset as CURRENT?

A.The asset is expected to be realized within twelve months after the reporting period

B.The asset is intended for continuous long-term operational use in manufacturing

C.The asset consists of intangible intellectual property protected by copyright

D.The asset is held indefinitely for capital appreciation

Explanation: Under IAS 1 paragraph 66, an asset is classified as current when it is expected to be realized or intended for sale or consumption in the entity's normal operating cycle, held primarily for trading, expected to be realized within 12 months after the reporting period, or is unrestricted cash or cash equivalent.

7Under IAS 38 (Intangible Assets), how should costs incurred during the RESEARCH phase of an internal software development project be accounted for?

A.Capitalized as an intangible asset and amortized over its estimated useful life

B.Recognized as an expense in profit or loss when incurred

C.Deferred as a prepayments asset until commercial production commences

D.Recorded directly in equity under other comprehensive income

Explanation: IAS 38 specifies that no intangible asset arising from research (or from the research phase of an internal project) shall be recognized. All research expenditures must be recognized as an expense when incurred because an enterprise cannot demonstrate that future economic benefits will probably flow at that stage.

8Under IAS 1, which of the following is NOT a required component of a complete set of financial statements?

A.Statement of Financial Position as at the end of the period

B.Statement of Profit or Loss and Other Comprehensive Income for the period

C.Statement of Cash Flows for the period

D.Management Discussion and Analysis (MD&A) report

Explanation: A complete set of financial statements under IAS 1 includes: Statement of Financial Position, Statement of Profit or Loss and Other Comprehensive Income, Statement of Changes in Equity, Statement of Cash Flows, Notes comprising significant accounting policies and explanatory information, and comparative information. MD&A reports are management reports outside the official financial statements.

9A trading firm in Almaty records the following inventory transactions for Product K during May: - Beginning inventory (1 May): 100 units @ 1,000 KZT - Purchase (10 May): 200 units @ 1,200 KZT - Purchase (20 May): 150 units @ 1,400 KZT - Sales (25 May): 300 units Using the First-In, First-Out (FIFO) method, what is the Cost of Goods Sold (COGS) for May and the value of ending inventory at 31 May?

A.COGS = 340,000 KZT; Ending Inventory = 210,000 KZT

B.COGS = 370,000 KZT; Ending Inventory = 180,000 KZT

C.COGS = 360,000 KZT; Ending Inventory = 190,000 KZT

D.COGS = 330,000 KZT; Ending Inventory = 220,000 KZT

Explanation: Total units available = 100 + 200 + 150 = 450 units. Total cost = (100 * 1,000) + (200 * 1,200) + (150 * 1,400) = 100,000 + 240,000 + 210,000 = 550,000 KZT. Under FIFO, the 300 units sold come from the earliest batches: 100 units @ 1,000 KZT (100,000 KZT) + 200 units @ 1,200 KZT (240,000 KZT) = 340,000 KZT. Ending inventory consists of the remaining 150 units from the 20 May purchase: 150 units @ 1,400 KZT = 210,000 KZT.

10A business began April with 200 units of raw materials valued at 500 KZT each (100,000 KZT). On 12 April, it purchased 300 units at 600 KZT each (180,000 KZT). On 22 April, 350 units were issued to production. Under the periodic Weighted Average Cost method, what is the value of the ending inventory at 30 April?

A.75,000 KZT

B.84,000 KZT

C.90,000 KZT

D.98,000 KZT

Explanation: Total goods available for sale = 200 + 300 = 500 units. Total cost of goods available = 100,000 + 180,000 = 280,000 KZT. Weighted average cost per unit = 280,000 KZT / 500 units = 560 KZT per unit. Ending inventory = 500 - 350 = 150 units. Ending inventory value = 150 units * 560 KZT = 84,000 KZT.

About the Kazakhstan CAP Exam

The Certified Accounting Practitioner (CAP / Сертифицированный бухгалтер-практик) is the first level of the two-tier CIPA programme, the Russian-language international certification for professional accountants administered by the CIPA Examination Network (CIPAEN). A candidate passes Financial Accounting 1, Management Accounting 1, Taxes and Law, each requiring 75 points out of 100, confirms basic IT competence, holds at least one year of verified professional experience and is a member in good standing of a professional organisation; the certificate is then issued by that association. The Taxes and Law papers are set on the legislation of the country where the exam is sat, so the Kazakhstan versions test the Tax Code and Kazakhstan civil and corporate law. Examinations are written and in Russian. This practice test is an independent English-language MCQ study adaptation by OpenExamPrep; it is not an official translation, an official item set, or a simulation of the written examination format.

Exam sponsor: CIPA Examination Network (CIPAEN / Экзаменационная сеть CIPA) in cooperation with professional accounting associations of Kazakhstan. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

4 written papers (Financial Accounting 1, Management Accounting 1, Taxes, Law), each marked out of 100 with a 75-point pass mark. Financial Accounting 1 runs 4.5 hours open book as a single situational task; the other three run 4 hours closed book and mix situational tasks with four-option MCQs.

Time Limit

4 hours (240 minutes) per paper; 4.5 hours for Financial Accounting 1

Passing Score

75 points out of 100 on each examination paper

Exam / Certification Fees

Set by the national official provider of the CIPA Examination Network; CIPAEN does not publish a central fee schedule, so candidates confirm the current amount with the Kazakhstan representative office when registering

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

25%

Financial Accounting 1

IFRS for SMEs and foundational IFRS principles, double-entry bookkeeping, inventory valuation (FIFO, weighted average), property, plant and equipment acquisition and depreciation (IAS 16), intangible assets (IAS 38), trade receivables and allowance for expected credit losses, accruals and prepayments, and full preparation of financial statements (Balance Sheet, Statement of Comprehensive Income, Statement of Cash Flows).

25%

Management Accounting 1

Cost terms and classifications (fixed, variable, mixed, direct, indirect, product vs period), Cost-Volume-Profit (CVP) analysis, break-even point in units and currency, margin of safety, contribution margin ratios, absorption costing versus variable costing, job-order and process costing, master budget formulation (sales, production, direct materials, and cash budgets), and standard costing variance calculations.

25%

Kazakhstan Taxation

Tax Code No. 214-VIII in force from 1 January 2026: Corporate Income Tax (КПН 20% general, 25% banking and gambling, 3% agricultural producers), Value Added Tax (НДС 16%) with the 10,000 MRP registration threshold and offset mechanics, Individual Income Tax (ИПН 10% up to 8,500 MRP a year and 15% above) with the 30 MRP basic deduction, Social Tax (6%), OPV pension contributions, compulsory health insurance, the simplified declaration regime at 4%, and statutory deadlines.

25%

Kazakhstan Business Law

Civil Code of the Republic of Kazakhstan: legal entities, organizational-legal structures (Limited Liability Partnership / TOO, Joint Stock Company / AO, production cooperatives), formation, charter capital rules, reorganization and liquidation; commercial contracts (sales, supply, lease, loan, provision of services); securing obligations (forfeits, pledge, surety, guarantee); general and special statutes of limitations; and the Labor Code of RK (employment agreements, standard working hours, grounds for termination, and employer/employee financial liability).

Preparing for the Kazakhstan CAP Exam

What You Need to Know

Passing score: 75 points out of 100 on each examination paper
Assessment: 4 written papers (Financial Accounting 1, Management Accounting 1, Taxes, Law), each marked out of 100 with a 75-point pass mark. Financial Accounting 1 runs 4.5 hours open book as a single situational task; the other three run 4 hours closed book and mix situational tasks with four-option MCQs.
Time limit: 4 hours (240 minutes) per paper; 4.5 hours for Financial Accounting 1
Exam / certification fees: Set by the national official provider of the CIPA Examination Network; CIPAEN does not publish a central fee schedule, so candidates confirm the current amount with the Kazakhstan representative office when registering Official sources

Using Our Practice Resources

Work through all 100 available questions
Review every answer and explanation
Track weak areas and revisit them
Use our AI tutor for tough concepts

Kazakhstan CAP: Suggested Study Strategy

1For Financial Accounting 1, master the accrual method and double-entry adjustments for prepaid expenses, unearned revenues, and bad debt allowances under the allowance method.

2Understand the depreciation methods recognized under IAS 16 (straight-line, diminishing balance, and units of production), and know how to compute carrying amount after impairment under IAS 36.

3In Management Accounting 1, commit the fundamental CVP formulas to memory: Break-even units = Fixed Costs / Unit Contribution Margin, and Break-even revenue = Fixed Costs / Contribution Margin Ratio.

4Distinguish clearly between absorption costing (where fixed manufacturing overhead is inventoriable as a product cost) and variable costing (where all fixed manufacturing overhead is expensed as a period cost).

5For Kazakhstan Taxation, remember that Corporate Income Tax (CIT / КПН) is standardly 20% of taxable income (Aggregate Annual Income minus allowable deductions and adjusted for tax losses carried forward up to 10 years).

6Memorise the 2026 Value Added Tax rate of 16% under Article 503, the 10,000 MRP mandatory registration threshold under Article 99, and the offset rules in Articles 480 to 489, including the loss of offset on cash-settled civil-law purchases above 1,000 MRP.

7Know the 2026 payroll rates: Mandatory Pension Contributions 10%, employer pension contribution 3.5%, Individual Income Tax 10% up to 8,500 MRP a year and 15% above, Social Contributions 5%, Social Tax 6% with no reduction for Social Contributions, and health insurance at 2% employee and 3% employer.

8Master the simplified declaration regime parameters: revenue threshold (24,038 MCI per semester), employee threshold (up to 30 workers), and effective tax rate (3% of revenue, split equally between CIT/IIT and Social Tax).

9In Kazakhstan Business Law, review the key differences between a Limited Liability Partnership (ТОО) and a Joint Stock Company (АО), charter capital minimums, and founder liability limitations.

10Study the Civil Code general statute of limitations (3 years) and the mandatory procedures and grounds for termination of employment agreements under Article 52 of the Labor Code of RK.

Frequently Asked Questions

What is the CAP qualification in Kazakhstan?

The Certified Accounting Practitioner (CAP / Сертифицированный бухгалтер-практик) is an internationally recognized professional accounting certification administered by the CIPA Examination Network (CIPAEN) in Kazakhstan and Central Asian nations. It validates foundational competence in financial accounting, management accounting, national tax law, and commercial law.

Which examinations must a candidate pass to obtain the CAP certificate?

Candidates must pass four separate examinations: Financial Accounting 1, Management Accounting 1, Kazakhstan Taxation, and Kazakhstan Business Law. Each paper is scored out of 100 points and requires a passing grade of at least 75 points.

What are the eligibility and experience requirements for the CAP credential?

Candidates must hold either a higher education degree (in any field) or secondary specialized education in accounting, economics, or finance. In addition to passing all 4 examinations, candidates must document at least 1 year of practical accounting or finance work experience and maintain membership in an accredited professional accounting organization in Kazakhstan.

What is the official format and language of the examinations?

Official CAP examinations in Kazakhstan are administered in Russian by CIPAEN. Each paper is 4 hours in duration (4.5 hours for Financial Accounting 1) and features a combination of multiple-choice questions and long-form computational and written case problems. The practice questions provided by OpenExamPrep represent an independent English-language study adaptation focusing on core principles and calculations.

How does the CAP credential relate to CIPA and local Kazakhstani certifications?

CAP is Level 1 of the two-tier CIPA program. Candidates who achieve CAP can advance to Level 2 to earn the CIPA (Certified International Professional Accountant) credential by passing Financial Accounting 2, Management Accounting 2, Financial Management, and Audit. Furthermore, CAP examinations frequently provide course exemptions or foundational preparation for the statutory Professional Accountant of the Republic of Kazakhstan (Профессиональный бухгалтер РК) certification.

How often are the examinations held and what are the fees?

CIPAEN conducts examination sessions several times per year, typically in spring, summer, and autumn. Registration fees generally range from 28,000 to 38,000 KZT (~$60-$80 USD) per examination paper depending on the session and registration tier.