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CAP2 Thoughts

  • 14-06-2009 6:53pm
    #1
    wardso84
    Closed Accounts Posts: 11 ✭


    Hello,

    For what it's worth and hopefully to see other people's opinions these are my thoughts on the 4 exams.

    Fin rep - consolidation could be a nightmare. it could be ok. The IAS's all seem straightforward enough to understand but when they ask specific questions on them they always seem to have me lost...hopefully exam pressure can get some info out of me!

    Taxation - if they have too many wordy questions it could be really difficult cos there's SO MANY rules. A standard enough corporation tax question is what's needed! what do people think will be the case on the exam?

    Audit- i have still not opened the book for audit yet. Is this madness or will I be ok learning it in a few days?

    SFMA-some hard topics but should be enough straightforward definitions and pros/cons of things to get marks?

    I don't know whether I'm being too optimistic here so just wanted to hear other people's opinions....

    Cheers


Comments

  • #2
    Hanley
    Banned (with Prison Access) Posts: 21,981 ✭✭✭✭Hanley


    FR - could go either way... the saving grace is that you pick up quite a lot of marks along the way in questions. Actually hoping for a straight forward non-consol Q1 with more adjustments. Unlikely tho. Still haven't look at cash flow or deferred tax. Construction contracts should be ok-ish. The rest of the IAS's will be looked at on the day I reckon!!

    Tax - Still to start with exam papers, but "know" the rules around CT, CAT and CGT reasonably well. Haven't looked at SD yet. Again, a subject you can pick up marks along the way in. Hopefully this'll be the case for me!!

    Audit - Seems too straight forward right now to be honest.... Everything I've heard is to expect a p&l and B.S area in Q1, probably linked like sales and debtors or purchases and inventory or something. And probably a system notes style Q as well. Did some work on Audit Reports, ethical and independence issues as well. Need 45% to pass this thanks to the CA, so fingers crossed.

    SFMA - Could go either way. If a nice currency question, performance appraisal and maybe variances computation Q's come up I stand a good chance. Throw some theory marks on top and it seems like it could be manageable. Need 47% to pass this thanks to CA. If the computations come up in a radically different form to the sample papers it could be hell tho.


  • #3
    wardso84
    Closed Accounts Posts: 11 ✭wardso84


    how's everybody going now?


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