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FAE Results 2009
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Excuse me Viconia i feel i ahve a right mind to report you for name calling.
This forum is about opions and mutual respect. I hope you can respect my posts on this forum without resorting to childless name calling!
It's okay, I've reported you already for being a troll. Report away, I don't mind! Also you're taking the thread off topic.
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Alright, then I have one comment since this is a public forum.
HAH! I did the old course, you didn't! Hah! Hahahahahahahahahahahahahaha! I never have to do Management Accounting again. Aaaaaaahahahahahahahahahaha!
That is all.
p.s suck it up, and go complain to the ICAI. Peace y'all!
quality viconia! i second the above... ha ha ha ha!!!!
but in all seriousness. what you guys on the new course need to get your heads around is that you are not comparing apples with apples when you compare the new syllabus with the old. the new one is fundamentally different in terms of its structure and content. its an orange, not an apple. you may as well be comparing cima or acca exams as they have no more or less relevance. for whatever reason the institute have radically overhauled the process to becoming a chartered accountant and as part of that seem to have set a more rigorous and tough standard for the two exams that replaced PROF 2 and 3.
It is clear that certain aspects have made the new papers more challenging such as the withdrawal of compensation, but there are other features such as carrying in continuous assessment marks and the fact CAP 2 is now almost entirely an open book affair (whereas prof 3 was totally from memory) that should have gone some way to mitigating the fact you can no longer compensate. In the new FAE, if you fail one exam you have to repeat most of your exams again which undoubtedly has made things tougher. But mitigating this is the fact you can specialize and choose to be examined on your strongest area. I know there are plenty of people on the old syllabus that would have sat any other paper (or papers) to avoid MABF (not me tho, aced it!)
I admit that on balance, the CAP 1 & 2 seem to be tougher and students certainly seem to be having more problems with them than students had with the old course, but that may change in a couple of years when the new format becomes more established and lecturers and students get to grips with it more. and i feel sorry for the unfortunate people who are struggling to get through these exams.
perhaps you can take some degree of comfort though from the fact that if the institute (as you claim) are now setting a higher academic standard you guys should be better qualified and more competent once you complete the new syllabus than those who qualified under the old one which could well benefit you in your future careers.
getting hung up on the pass rate is a futile exercise. it really is a waste of time. hard as it is, you must look on it positively... a majority of people still pass. the only pass mark that really counts is 50% in each paper and getting that is what you should be directing your energy towards. not griping and moaning over how tough you have it, or how easy others have it. you will never know how you would have got on under the old syllabus. in all liklihood, some of you would have failed that as well so this is a convenient scapegoat.
to conclude i'd also like to point out the following
1) several people have used the FAE passrate of 74% as a benchmark to compare against this years CAP 2's and as evidence as to how they are getting 'screwed' by the institute. This is not a valid comparison. Under the old syllabus, the FAE pass rate was always significantly higher than that for PROF 3 which was always in and around 66-67%. That is the rate the CAP 2 should be compared to, not the FAE. So what you are talking about really is a drop of about 10% in the pass rate. It's not exactly seismic!! and I think all of you are overplaying its significance to a degree.
For instance, two or three years ago the FAE pass rate was 84%. Your complaints regarding the reduced CAP 2 pass rate are therefore really no more legitimate than people who failed the FAE this year just because the pass rate dropped to 74%.
2) Finally it is ridiculous that you are complaining about a low passrate for the 2010 FAE before the exam has even occured. Speculating like that just makes you guys look silly. the lectures for that course have barely started for gods sake and if the pattern of the old syllabus is anything to go by the new FAE pass rate is likely to be around 10% higher than that of CAP 2. Which would mean a passrate of around 65% which isnt particularly unfair in my view.
You never, they may have frontloaded the difficulty of CAP 1 & 2 and FAE could be more straightforward than you think.
Comisserations to those who failed CAP 2 today. One of my good mates in work failed financial which seems to have caught an awful lot of people out. i really hope he and the rest of you dont lose your jobs. I know its easy for someone who is now qualified to say but perseverance will have its rewards. it might be a struggle but hopefully you'll get there in the end. Life it $hit sometimes. You just have to get on with it0 -
quality viconia! i second the above... ha ha ha ha!!!!
but in all seriousness. what you guys on the new course need to get your heads around is that you are not comparing apples with apples when you compare the new syllabus with the old. the new one is fundamentally different in terms of its structure and content. its an orange, not an apple. you may as well be comparing cima or acca exams as they have no more or less relevance. for whatever reason the institute have radically overhauled the process to becoming a chartered accountant and as part of that seem to have set a more rigorous and tough standard for the two exams that replaced PROF 2 and 3.
It is clear that certain aspects have made the new papers more challenging such as the withdrawal of compensation, but there are other features such as carrying in continuous assessment marks and the fact CAP 2 is now almost entirely an open book affair (whereas prof 3 was totally from memory) that should have gone some way to mitigating the fact you can no longer compensate. In the new FAE, if you fail one exam you have to repeat most of your exams again which undoubtedly has made things tougher. But mitigating this is the fact you can specialize and choose to be examined on your strongest area. I know there are plenty of people on the old syllabus that would have sat any other paper (or papers) to avoid MABF (not me tho, aced it!)
I admit that on balance, the CAP 1 & 2 seem to be tougher and students certainly seem to be having more problems with them than students had with the old course, but that may change in a couple of years when the new format becomes more established and lecturers and students get to grips with it more. and i feel sorry for the unfortunate people who are struggling to get through these exams.
perhaps you can take some degree of comfort though from the fact that if the institute (as you claim) are now setting a higher academic standard you guys should be better qualified and more competent once you complete the new syllabus than those who qualified under the old one which could well benefit you in your future careers.
getting hung up on the pass rate is a futile exercise. it really is a waste of time. hard as it is, you must look on it positively... a majority of people still pass. the only pass mark that really counts is 50% in each paper and getting that is what you should be directing your energy towards. not griping and moaning over how tough you have it, or how easy others have it. you will never know how you would have got on under the old syllabus. in all liklihood, some of you would have failed that as well so this is a convenient scapegoat.
to conclude i'd also like to point out the following
1) several people have used the FAE passrate of 74% as a benchmark to compare against this years CAP 2's and as evidence as to how they are getting 'screwed' by the institute. This is not a valid comparison. Under the old syllabus, the FAE pass rate was always significantly higher than that for PROF 3 which was always in and around 66-67%. That is the rate the CAP 2 should be compared to, not the FAE. So what you are talking about really is a drop of about 10% in the pass rate. It's not exactly seismic!! and I think all of you are overplaying its significance to a degree.
For instance, two or three years ago the FAE pass rate was 84%. Your complaints regarding the reduced CAP 2 pass rate are therefore really no more legitimate than people who failed the FAE this year just because the pass rate dropped to 74%.
2) Finally it is ridiculous that you are complaining about a low passrate for the 2010 FAE before the exam has even occured. Speculating like that just makes you guys look silly. the lectures for that course have barely started for gods sake and if the pattern of the old syllabus is anything to go by the new FAE pass rate is likely to be around 10% higher than that of CAP 2. Which would mean a passrate of around 65% which isnt particularly unfair in my view.
You never, they may have frontloaded the difficulty of CAP 1 & 2 and FAE could be more straightforward than you think.
Comisserations to those who failed CAP 2 today. One of my good mates in work failed financial which seems to have caught an awful lot of people out. i really hope he and the rest of you dont lose your jobs. I know its easy for someone who is now qualified to say but perseverance will have its rewards. it might be a struggle but hopefully you'll get there in the end. Life it $hit sometimes. You just have to get on with it
A very well written and thought out post, that explains the situation clearly and concisely...
Well said0 -
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quality viconia! i second the above... ha ha ha ha!!!!
but in all seriousness. what you guys on the new course need to get your heads around is that you are not comparing apples with apples when you compare the new syllabus with the old. the new one is fundamentally different in terms of its structure and content. its an orange, not an apple. you may as well be comparing cima or acca exams as they have no more or less relevance. for whatever reason the institute have radically overhauled the process to becoming a chartered accountant and as part of that seem to have set a more rigorous and tough standard for the two exams that replaced PROF 2 and 3.
It is clear that certain aspects have made the new papers more challenging such as the withdrawal of compensation, but there are other features such as carrying in continuous assessment marks and the fact CAP 2 is now almost entirely an open book affair (whereas prof 3 was totally from memory) that should have gone some way to mitigating the fact you can no longer compensate. In the new FAE, if you fail one exam you have to repeat most of your exams again which undoubtedly has made things tougher. But mitigating this is the fact you can specialize and choose to be examined on your strongest area. I know there are plenty of people on the old syllabus that would have sat any other paper (or papers) to avoid MABF (not me tho, aced it!)
I admit that on balance, the CAP 1 & 2 seem to be tougher and students certainly seem to be having more problems with them than students had with the old course, but that may change in a couple of years when the new format becomes more established and lecturers and students get to grips with it more. and i feel sorry for the unfortunate people who are struggling to get through these exams.
perhaps you can take some degree of comfort though from the fact that if the institute (as you claim) are now setting a higher academic standard you guys should be better qualified and more competent once you complete the new syllabus than those who qualified under the old one which could well benefit you in your future careers.
getting hung up on the pass rate is a futile exercise. it really is a waste of time. hard as it is, you must look on it positively... a majority of people still pass. the only pass mark that really counts is 50% in each paper and getting that is what you should be directing your energy towards. not griping and moaning over how tough you have it, or how easy others have it. you will never know how you would have got on under the old syllabus. in all liklihood, some of you would have failed that as well so this is a convenient scapegoat.
to conclude i'd also like to point out the following
1) several people have used the FAE passrate of 74% as a benchmark to compare against this years CAP 2's and as evidence as to how they are getting 'screwed' by the institute. This is not a valid comparison. Under the old syllabus, the FAE pass rate was always significantly higher than that for PROF 3 which was always in and around 66-67%. That is the rate the CAP 2 should be compared to, not the FAE. So what you are talking about really is a drop of about 10% in the pass rate. It's not exactly seismic!! and I think all of you are overplaying its significance to a degree.
For instance, two or three years ago the FAE pass rate was 84%. Your complaints regarding the reduced CAP 2 pass rate are therefore really no more legitimate than people who failed the FAE this year just because the pass rate dropped to 74%.
2) Finally it is ridiculous that you are complaining about a low passrate for the 2010 FAE before the exam has even occured. Speculating like that just makes you guys look silly. the lectures for that course have barely started for gods sake and if the pattern of the old syllabus is anything to go by the new FAE pass rate is likely to be around 10% higher than that of CAP 2. Which would mean a passrate of around 65% which isnt particularly unfair in my view.
You never, they may have frontloaded the difficulty of CAP 1 & 2 and FAE could be more straightforward than you think.
Comisserations to those who failed CAP 2 today. One of my good mates in work failed financial which seems to have caught an awful lot of people out. i really hope he and the rest of you dont lose your jobs. I know its easy for someone who is now qualified to say but perseverance will have its rewards. it might be a struggle but hopefully you'll get there in the end. Life it $hit sometimes. You just have to get on with it
A good post, and while I dont agree with it all, there are some good points and I can at least respect your point of view, something which I cant say for that child Viconia.0 -
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