CPA P2

steelbar

Anyone do the Advanced Corporate Reporting yesterday?
If so you what did you think?
Disaster comes to mind......

millyvanilli

how did the "open book" work out, and the exam may not have gone that bad, first time in a new format and all that

Footoo

steelbar wrote: »

Anyone do the Advanced Corporate Reporting yesterday?
If so you what did you think?
Disaster comes to mind......

Ya it was an absolute disaster but that seems to be the general consesus so who knows , they may take it easy when marking

millyvanilli wrote: »

how did the "open book" work out, and the exam may not have gone that bad, first time in a new format and all that

The open book format is killing me. Can't get my head around it at all and my time management in them has been really bad.

millyvanilli

it will be fine as I said new format so they can't go that hard good luck with the rest, must be difficult with the open book ,can't imagine it and how can they mark it .. finding stuff transcribing from book ?? off putting for other candidates ..all that paper rustliong .. maybe better than waffling like i did 3 years ago
Good luck anyhow and chin up:)

steelbar

millyvanilli wrote: »

it will be fine as I said new format so they can't go that hard good luck with the rest, must be difficult with the open book ,can't imagine it and how can they mark it .. finding stuff transcribing from book ?? off putting for other candidates ..all that paper rustliong .. maybe better than waffling like i did 3 years ago
Good luck anyhow and chin up:)

Open book is a bit of a distraction, have wasnt much use yesterday. In Tax it might be, well im hoping!!!

With regards to yesterdays paper, it was in no way similar to the pilot paper so that has me worried for today....

Really hope enough people complain and they make it easier, I am waiting for feed back from my lecturer before I send another complaint.
Already lodged ine for Fin Man!!!:)

BERBA

Fail to prepare , Prepare to Fail... lived by those 6 words when doing my car park exams a few years back!

steelbar

Ah well,last one today(this time round)
Looking forward to 6 weeks of hope that there will be no more exams!
Best of luck to ye all.

millyvanilli

good luck to everyone:)

Murty Boy

Well thank god they are over . . . My summary of the week
Strategy paper - reasonable and open book helped with the layout of Q1 and a few generic PEST , SWOT answers along the way.
Corporate Reporting - where do i start, nothing like the pilot paper and that really annoys me, way too long difficult 14 notes and sometimes 2 to 3 adjustments within one note, Q2 EPS was ok and Q3 I still dont know what they were asking for, everyone seem to interpet it different, think now it was about liquidity, profitability and Gearing . . Anyone think this is right ? By the way open book didnt make a difference as i didnt get time to even open them.
Tax - again fair paper I was able to understand the logic of open book, you had to know what the Q entailed apply your knowledge and when stuck on a point look it up and move on.
Auditing - major gripe, it was not at all similar to the pilot paper, was in ways a waste attending lectures or even having this exam open book as i wasnt able to look up one thing, it was too emphasisied on 'your opinion' questions and the recession consequences for auditing, also am i mistaken but not only was the pilot paper irrelevant but the article the examiner published was on Business risk becoming the new way to approach your audit and then 34% of Q1 was on Audit risk ( inherent and contol risk ) and nothing on business risk.
Well thats my rant over, will send same to CPA as I do think that this year with new syllabus the more we inform them the better for going forward.

steelbar

Yea, the week was something similiar.

Fin Man (im on the old syllabus) was ok,

Corp Reporting, very very unfair, my complaint will be lodged with the cpa this week, just waiting on feedback from my lecturer.
Ran out of time

Tax, a fair paper, just didnt know enough, my own fault for not doing enough Also ran out of time

Auditing, could of been worse but then i dont know

Best case (very doubtful ) i have to start on my training records, most realistic case 2.

Gona try and forget about them now till around the 10th of June and then will start to panic!!

BERBA

Steelbar,

are cpa still doing the 4 attempts rule at P2? ..Hated that rule.

steelbar

BERBA wrote: »

Steelbar,

are cpa still doing the 4 attempts rule at P2? ..Hated that rule.

Yep, it's such a great rule, don't ya think??!!!!