FAE September 2012

chursy wrote: »

Sorry my bad

-Centre City College
-Campuspolymers
-Enver Thermostat Plastics Ltd
-Lowland bank Limited
-Uniforms R Us

these are the missing solutions

Any luck with these solutions guys?

Ok Solutions Outstanding include the following. Anyone with these solutions please feel free to share.

- City Centre College
- Uniforms R US

How are people approaching the study leave . Lad would be great and can share your plans etc.

Mavic09 wrote: »

Has anybody the Mock 2011 FAE Elective- Q & Ans? Can't find this on the web, could someone post it on here if they have it handy, thanks.

I only have the solutions for core and sim. tax elective if anyone need

ferike1 wrote: »

Hey this was floating round my firm. Dunno if people have it or not. They are the summarised notes for the guy who came first last year. Great concise sheets to bring into exam with the key points.
http://www.4shared.com/zip/KiL2ERkH/FAE_Notes.html

Thank you to this guy

Indeed. A MASSIVE thank you to you for uploading these and to the guy as well. A great help.

froggatt2011 wrote: »

Were they part of an integrated case study or the resource pack?

It's part of the Integrated Workshop, I don't have Uniform's R Us Limited solution.

bay trading ltd solution p7 overheads allocated on basis of turnover total is 3001
I understand split is by turnover not sure where 3001 figure comes from or total overhead figure comes from ?

can some one explain I am lost

ferike1 wrote: »

Does anyone know where the solutions for the Cases in Management and Accounting and Business toolkit can be found? The ones that are starred have solutions in the solutions manual. Where are the rest? Damn institute making things needlessly complicated.

Not sure if these are online yet, but I have attached them here.

Must admit I'm struggling to get to grips with the different levels of detail required when answering the cases.
Just worked through Surf Shop (45 minute case) and Midwest Oil (65 minute case). The suggested solution for Surf Shop blew me away with the level of detail required to even get a competent. I could never write all that in 45 minutes!!
I would have expected Midwest Oil to be more detailed but the suggested solution was actually quite straightforward. :eek: I went way over the top with my answer which in the end contained way more gumph that was actually needed.
I know that in some instances there is negative marking (but you will never know when) so writing more than is actually required can be detrimental. How the hell do you know???
Suppose practicing more and more cases is the key, but I don't think that I will be getting the hang of this any time soon.

ferike1 wrote: »

Yeah, the cases can be annoying. Sometimes they want a little detail, sometimes a lot.

Negative marking? Where did you hear that?

During one of the integrated case study days. Can't remember the case but there was a solution which was to do with a joint venture. You had to list a ridiculous number of points to reach competency, and any irrelevant points were negatively marked. According to the lecturer this isn't the case in all the 'listy' type answers. Just whichever ones tickle the examiner's fancy.

I have a tax class with her this weekend so I'll ask her to clarify.

froggatt2011 wrote: »

sully85 wrote: »

Hey guys-does anybody know if there are solutions to the Challenging questions in the FAE Core Tax Planning manual? Thanks in advance!

I have the NI versions. Probably of no use to you, as I'm assuming you're ROI?

Yeah sorry the ROI versions! Thanks anyways!

supernova84 wrote: »

My thanks to that guy aswell. A lot of effort went into putting all that together. Thanks for posting. Much appreciated.

I'm trying to download these notes but can't get it to work. Have created an account on 4 sync but still won't work. Anyone know what I'm doing wrong?

bluebell27 wrote: »

I'm trying to download these notes but can't get it to work. Have created an account on 4 sync but still won't work. Anyone know what I'm doing wrong?

there are some files that are too large to upload here but i'll see what i can do!

Scuba_Steve84 wrote: »

that's my lot! the finance and hr files won't load up, but hope this helps you a bit buddy

Thanks so much! Really good of you

ferike1 wrote: »

I got so depressed. Was doing the pottery limited case in the MABF toolkit. The solution was 18 pages long. Not a chance I can replicate that standard.

I dont think its expected to replicate that solution. The MABF solutions are way too detailed.

Also is it recommended to do all these cases in detail ? because i find them on a different tangest to what is required in terms of the casestudies!!! they are too detailed! too difficult! and can be a bit random at times!

I completely agree with your approach - this is exactly what i have been told - However Derry Cotter Cases is a MUST if you want to do well in reporting. I know alot of people who failed just because of reporting - I think the remainder of the subjects can be covered well from the cases -

Another B***ch of a subject is Audit - I am doing elective as well - Insane amount of reading required and not knowing how much will be relevant - However one has to be familiar with the ISA's high level to be able to address the answers - Book i think isnt great and when you go through the lecture notes and Sean Murreys lecture! i havent come accross an instance when he has referred to the book!

This is something that will take alot of time i.e going through lectures and reading through the standards - Hence i am not surprised the pass rates are very low!! - For me the biggest challenge is going to master reporting and auditing! - The rest i think cases will give us a good grounding - Any thoughts welcome!

chursy wrote: »

Do you have to go through all the material to jump on to cases????

So far i have a good understanding of Audit/Reporting/Ethics/CG - Havent touched management account and Finance yet or TAX? - Would you suggest jumping on to the cases?

Thanks for your input. I will have a bash at the Cotter book as well then.

I was getting really bogged down in notes and going over lectures again so decided to test myself and get stuck into the cases. It's amazing how much is just common sense in these cases, and also reassuring for me that I actually do know quite a bit more than I thought I did. When I come across an area in a case that I haven't a notion about I make a note and go over the notes again. Doing cases is also a good way of testing how quickly you are able to look up info in the books/notes to access the stuff you need to be able to answer.

A worrying aspect is the level of detail required in your answer. It varies from one case to the next. I find myself writing pages only to find the solution is much less detailed, whereas the previous case required much detail. This should become easier to gauge the more cases you do (hopefully!!!!).

I am finding that my CAP2 audit notes are more helpful than Sean Murray's notes. I don't like his method and really don't feel I've learned anything new this year. No reflection on Sean at all - he knows his stuff and I hear other people speaking very highly of him, I just can't follow his lectures.
I'm doing APM elective and thankfully it incorporates a lot of Finance stuff, so a fair bit of overlap thank fook. I wouldn't wish advanced audit on anyone. Incidentally I don't think I've ever opened the audit textbook....

I got so depressed. Was doing the pottery limited case in the MABF toolkit. The solution was 18 pages long. Not a chance I can replicate that standard.

I did not use the MABF toolkit last year. There is no way you will be asked a "question" so detailed.

I used the toolkit for SFMA from cap 2 instead. It was very good. It had more realistic short "questions" that would more than likely be asked.

Oh and don't just focus on the core. I spent far to much time on that and neglected the elective so hence have to repeat that. It is a killer having to wait a whole year to repeat that exam.

R0N BURGUNDY wrote: »

Are there any solutions for the business and ethics text?

Yes i am look for these as well - Would be great if someone can please upload.
thanks