P26S FREP Strategic Blueprint Test 1 (2-week)

FREP Test 1 Complete Study Programme — Your 8-day plan to 19 August

Everything you need for 19 August in one bundle: the Strategic Blueprint, five topic packs, a five-part continuing case and a full-length mock. What to focus on, in what order, and how the whole programme fits into the eight days before the exam.

What it is.

A 10-page strategic document telling you what Test 1 will most likely test, what the syllabus has already ruled out, and how to spend the days to the exam on 19 August 2026, when FREP and TAXA sit together. Built on seven Test 1 level papers (P20F through P26F, the latest March 2026), every question part coded to one IFRS standard and one response format so the weightings reconcile exactly to 350 marks rather than being estimated. Every IAS, IFRS and IFRIC reference checked against the source standard.

Why Test 1 is predictable.

Four topics carry 269 of the 350 marks on record: deferred tax, intangibles, the non-financial asset family and fair value. Paper by paper they delivered 44, 46, 50, 28, 30, 39 and 32. They have never come to less than 28 marks, which is three clear of the pass line before you write a word on anything else. Consolidation, revenue, financial instruments and cash flows are deliberately left out — they are taught in Week 6 and later, after the test, and knowing that saves you a wasted week. The examiner builds it the same way each time: a foreign-currency asset acquisition recorded wrongly, a deferred tax computation, a fair value or asset-recognition discussion framed as an email, and something on provisions taught the week before. The Blueprint ranks every topic by how likely it is to appear — from deferred tax (very high; present in seven papers out of seven and worth 11 to 20 marks when standalone) through the fair value hierarchy to the Conceptual Framework.

The 8-day plan.

The first five days are content and mocks; the last three are practice and diagnosis. Days one to five take the topics in weight order rather than syllabus order — deferred tax first at 24.3%, then intangibles and fair value at 34.2% combined, then foreign transactions, provisions the week it is taught, and non-financial assets last. Day six is the 50-mark integration mock under exam conditions, 100 minutes, clock not stopped. Day seven is marking and rework. Day eight belongs to TAXA, and FREP gets your evening only: the error list and the one-page cheat sheet.

What comes with each topic pack.

A topic guide (PDF) from first principles, a standard mock question (PDF), and one part of the Marang Industries continuing case (PDF). The five case parts are one company, not five — each consumes figures you established earlier, and the revaluation surplus you extinguish in Part 3 decides the answer in Part 5. Completed end to end it is a Test 4 standard integrated question worth 130 marks. Every question ships with a four-zone solution workbook (Excel): the scenario triggers, the standards those triggers point to, a framework for approaching the question, and a marked solution, point by point. Blue cells are live inputs — change one and the whole computation moves.

The full programme is the Blueprint, five complete topic packs, the five-part Marang Industries case, and the 50-mark integration mock with its solution. 295 marks of fresh timed practice, none of it recycled from past papers you may already have seen.

Prepared by David Du Preez, CTA Thrive Coach. Independent — not affiliated with Milpark Education.