FAE September 2014

Accountant81

2014fae wrote: »

Liam doran at case day said the institute are recommending two hours planning your answer and two hours writing. I didn't hear that before though

Two hours planning?? That sounds excessive and not near enough time. I am a big fan of Liam Doran's but the CGS apparently sent the CAP 2s off on a total tangent this year and told them to cover something that wasn't even on the competency statement.

Important to remember the CGS have nothing to do with the institute. Personally I think 2 hours of writing would not be enough to pass the depth test.

Aidodub87

Accountant81 wrote: »

Two hours planning?? That sounds excessive and not near enough time. I am a big fan of Liam Doran's but the CGS apparently sent the CAP 2s off on a total tangent this year and told them to cover something that wasn't even on the competency statement.

Important to remember the CGS have nothing to do with the institute. Personally I think 2 hours of writing would not be enough to pass the depth test.

Actually it is stated in the FAE board report about no evidence of planning in students answers and that it's should be 1:1 planning and writing and that's where Liam got it from...and that students would plan their answers usually do better

Aidodub87

Aidodub87 wrote: »

Actually it is stated in the FAE board report about no evidence of planning in students answers and that it's should be 1:1 planning and writing and that's where Liam got it from...and that students would plan their answers usually do better

But he did say that the exam was not the first place to try this and would have to have practiced this in near exam conditions

2014fae

I know I think it sounds too short also. I only started studying my audit core today. Anyone got any tips? I have started reading through the standards but think it is waste of time doing notes.

bikeman1

In terms of timing,

I work off the following:

30 mins reading time. Get the whole case (s) read highlighting the key points as I go.

1st hour after reading in Comp is planning, getting the key points down. Quick scan through the material.

3 hours then to blast through the indicators like it's a writing marathon.

For sims split that in two. Half an hour planning/key points, then 90 mins x 2.

It seemed to work ok at the mocks I thought. You do have to get a decent plan in place but the sheer volume of material you have to get down, you need three hours.

Accountant81

Aidodub87 wrote: »

Actually it is stated in the FAE board report about no evidence of planning in students answers and that it's should be 1:1 planning and writing and that's where Liam got it from...and that students would plan their answers usually do better

I just feel (for me) that 2 hours would not be near enough writing time to get down everything I wanted to but everyone has their own approach. Everyone knows what works for them. And just hope it's enough to get us over the line!

myshirt

I'm spending 20% of time planning and brainstorming.

I'm afraid to up it as my aim is about 400-500 words per indicator. It takes me about 10-12 mins for 200-250 words.

Chap I know did do the 1:1, and was in Decile 1, but the guy's a genius, so I dunno.

Accountant81

2014fae wrote: »

I know I think it sounds too short also. I only started studying my audit core today. Anyone got any tips? I have started reading through the standards but think it is waste of time doing notes.

I wouldn't stress over having only started audit.... There is still 5+ weeks left. If we were to go by what the institute recommends we would all only be starting study leave.

Also audit is one of the reaching competent subjects. I am freaking re PM so focussing a lot of my time on FR and Mgt accing. Even though I nailed FR and SFMA for CAP2 I got RC in the AAFRP so I feel like nothing can be taken for granted. So definitely spend time on audit but give it an appropriately weighted amount of time if you know what I mean.

Anybody else really looking forward to a Saturday night, 6 weeks from now where looking at boards will be the absolute last thing on our minds?!

myshirt

IFRS 1 - surely they wouldn't examine this?

20 Times 20 Times

myshirt wrote: »

IFRS 1 - surely they wouldn't examine this?

Defo!!! Bit of luck!

PhilipLuke

2014fae wrote: »

Liam doran at case day said the institute are recommending two hours planning your answer and two hours writing. I didn't hear that before though

MOD Edit: Stupid Comment removed

vnervous

Is the case day any use in CGS?

dbran

No personal comments about individual lecturers are allowed.

Thanks

R0N BURGUNDY

Found APM CGS to be very good indeed.

Glas134

Hi- Just wondering did anybody go to the taxgrinds.ie lectures over the weekend and was it any good?

iwishihadaname

Anyone know where I can find all the mock papers? Cant seem to find the 2010 and 2011 ones.

vnervous

PhilipLuke wrote: »

MOD Edit: Stupid Comment removed[/B
][/how did u find the case sessions?? im considering doing ?!?

jny107

OMG - Full Metal Jackets ??? Please tell me I'm not the only one who doesn't even understand indicators #6 #7 and #8?!

smiley00

jny107 wrote: »

OMG - Full Metal Jackets ??? Please tell me I'm not the only one who doesn't even understand indicators #6 #7 and #8?!

You're not alone there!! Paul Monahan did advise that it was very heavy on PM, more for practice after the AAFRP for those of us who weren't happy with our results. Sent me into a panic last night!!

stopthelights

Hi

Just wondering has anyone sat their FAEs in Athlone? Is it ok - ie. is the venue quiet and tables big enough etc.

thanks in advance

kenner24

Is anyone watching the online sessions?

Dellboy2007

kenner24 wrote: »

Is anyone watching the online sessions?

I've watched a few but I normally just skip to the end, like any good romance, that's where the action is.

Mark1916

How is everyone studying management accounting? Just doing cases from the book? I need to hit a c in most of the PM indicators due to a less than impressive AAFRP so need to concentrate a lot on PM!

cian twomey

hey guys, does anyone know if the answers to the questions in the tax book and the case in the ethics book are anywere on line?

Haylcyp

Hi Guys,

Can someone please let me know where to find the mock papers for 2012, 2011 and 2010. Also cannot find the 2010 exam paper?

Thanks

Haylcyp

iwishihadaname wrote: »

Anyone know where I can find all the mock papers? Cant seem to find the 2010 and 2011 ones.

Hi there, did you get an answer to your question?

Dellboy2007

Haylcyp wrote: »

Hi there, did you get an answer to your question?

There's a new website called google, I reckon it's going to be big.

CW1989

Haylcyp wrote: »

Hi Guys,

Can someone please let me know where to find the mock papers for 2012, 2011 and 2010. Also cannot find the 2010 exam paper?

Thanks

Hi. The Mock/Exam 2011 and earlier cases are all contained in the self study case book according to the mapping document on the website, so you can't get the actual papers but we have the cases. Do you want me to upload the excel or have you access to it?

Tricky1979

hi folks - any idea which session ISA 610 is covered or does anybody have a note on it as I can't finding anything on it? thanks

Schickadee

Hi can anyone help me with PM figs in Thorpe case and primus pet foods plse? Thorpe - how are they arriving at contribution margin ratio of 40.83%? Also overall pre tax return 346%? Primus pet foods! Where is avge direct cost in div from Indic 1? And then % of total div contrib as rsv alloc Indic 6? I may come across stupid but given how badly students gen perform in PM I really wish the instit would provide full in depth solutions for students to show how they arrive at the figs as we can spend so long trying to understand how they have arrived at their figures!!!😞

Dreaming of sunshine

Hi all,

I know this is probably a very simple question but my head is absolutely fried...

How do you get the contribution figures using the year 2 projections of 200 and 400 for HamCam and 30 and 40 for Ham CamO in the solution for indicator 2 of the HamCam cross marking case?

Thanks!

Dreaming of sunshine

Tricky1979 wrote: »

hi folks - any idea which session ISA 610 is covered or does anybody have a note on it as I can't finding anything on it? thanks

Went through all the CAP2 and FAE notes - nothing appears to have been covered in lectures so I imagine it's just a self study one with the standards and the book? That's the worst part of FAE, they don't have to lecture on everything on the Competency Statement, that's why it's crucial you study using it as your guide.

Haylcyp

CW1989 wrote: »

Hi. The Mock/Exam 2011 and earlier cases are all contained in the self study case book according to the mapping document on the website, so you can't get the actual papers but we have the cases. Do you want me to upload the excel or have you access to it?

Thanks for that. I have access to it alright here. I have the mocks printed out myself for those years but thought that they might have been updated for the current year's syllabus in exam format.

Thanks again!

cian twomey

Haylcyp wrote: »

Thanks for that. I have access to it alright here. I have the mocks printed out myself for those years but thought that they might have been updated for the current year's syllabus in exam format.

Thanks again!

could you upload the 2012 mocks if possible?

frazman007

Schickadee wrote: »

Hi can anyone help me with PM figs in Thorpe case and primus pet foods plse? Thorpe - how are they arriving at contribution margin ratio of 40.83%? Also overall pre tax return 346%? Primus pet foods! Where is avge direct cost in div from Indic 1? And then % of total div contrib as rsv alloc Indic 6? I may come across stupid but given how badly students gen perform in PM I really wish the instit would provide full in depth solutions for students to show how they arrive at the figs as we can spend so long trying to understand how they have arrived at their figures!!!😞

I answered this query on Thorpe already...go back to my previous post

m1ck007

How the heck are people studying IMP?

lowenstein

just working my way through the self study cases book, were people saying they are harder than the exam papers or same level? just want to see where peoples heads are at!!

Debs23

lowenstein wrote: »

just working my way through the self study cases book, were people saying they are harder than the exam papers or same level? just want to see where peoples heads are at!!

I was wondering the exact same. Finding them quite tough!

20 Times 20 Times

How many cases have people done so far? I've about 50 done at the moment, I don't know if that's good or bad!

m1ck007

If i do a solid month of cases for both elective and core. How will i be fixed do u reckon?

lowenstein

ive only done about 15 done but going to start gettin stuck into them for the last month. definately wont have them all done. do you find indicators starting to repeat themselves little pea?

Debs23

lowenstein wrote: »

ive only done about 15 done but going to start gettin stuck into them for the last month. definately wont have them all done. do you find indicators starting to repeat themselves little pea?

Ive only 9 done. Starting to worry now. Are use working under the time limits?

20 Times 20 Times

Well I took a different approach to people! I hit cases from the off! kinda regretting it now, live by the sword die by the sword

lowenstein

and the indicators little pea????

littlemiss123

I did my first two cases today

Everyone needs to have faith in their own study method! I know that a month of technical material/summarising notes was the best way for me to start. Others know that they would study best by ploughing straight into cases. Don't judge your progress by someone elses because you'll lose confidence!! Chin up, it'll be over before we know it

20 Times 20 Times

lowenstein wrote: »

and the indicators little pea????

What would you like to know?

littlemiss123

m1ck007 wrote: »

How the heck are people studying IMP?

There are two things I have come to accept I will never understand:

1. How the FAE is marked.
2. IMP.

m1ck007

littlemiss123 wrote: »

There are two things I have come to accept I will never understand:

1. How the FAE is marked.
2. IMP.

Lol i agree. Scary thing is tho a fella in my office is a real smart lad but he failed his core last year on IMP...

lowenstein

youve done 50 cases and do you find the indicators start to repeat themselves yet? I can be very demanding I know!!

mark_m360

m1ck007 wrote: »

How the heck are people studying IMP?

I would suggest you watch the online sessions and take notes. They are very short so quite manageable and he summarises information well in conjunction with the notes.

I found it well worth the time. After you've done that, it's just about doing the cases.