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Cap 2 FR Revision class (barry smith)

  • 12-05-2010 7:57am
    #1
    Registered Users, Registered Users 2 Posts: 169 ✭✭


    Need help with solutions ! Is anyone willing to help get me over the line for this exam ? Will do likewise ! I get sick with the thoughts of this exam ! Looking over solutions and I have no idea where figures are plucked from ?


Comments

  • Registered Users, Registered Users 2 Posts: 412 ✭✭Hackysack


    I've yet to go through his notes just yet, but i'll subscribe to the thread and get back to ya when I do start on them.

    I wouldn't be overly relying on his questions though (especially his self-made ones). I thought they were alright at teaching the technique but a lot of them were too easy. And I dislike the way he throws a lot of his solutions into excel. It's pretty useless for using them as reference material in the exam.

    But yeah. Sub post.


  • Registered Users, Registered Users 2 Posts: 169 ✭✭mrduffy


    I am going to go over
    1 notes from Cap 2 last year (blonde lecturer talks a lot dublin group) (will look over moderatly and do questions)
    2 Revision notes from last year load of questions, answers not great)
    3 Sample papers and mock (Importance to doing questions and answers)
    4 Book notes (might not look at)
    5 Barry revision notes ( Importance to reading and doing questions)
    Surely if I go over all this. I will be okay ! I do not know what else I can do to pass. Cause I do not know how to pass, when I pass.

    I ask institue at start of year, and they said course is the same as last year. Should I be worried that they would change large chunks and my notes from last year are wasting my time ??


  • Registered Users, Registered Users 2 Posts: 14,598 ✭✭✭✭prinz


    mrduffy wrote: »
    I ask institue at start of year, and they said course is the same as last year. Should I be worried that they would change large chunks and my notes from last year are wasting my time ??

    They have changed some terminology which you will see from Barry's notes but nothing major from the course cotent I think.


  • Registered Users, Registered Users 2 Posts: 263 ✭✭SL10


    Yeah I think most things are to do with with minority interest now being Non controlling interest.

    I'm Dublin Group 3 and had Michael Tuohy (I think that was his name) as a lecturer.

    My plan of action is-
    1. Going through all the IAS's on the syllabus and getting a good understanding of them- I am mainly using my notes from lectures for this
    2. Doing consol questions from the IAS 27 and 28 question packs and also from the Consol question pack
    3. Doing individual IAS questions from question packs
    4. Doing CAP2 past papers and mocks
    5. Looking at some prof 3/fae papers for questions too if i get a chance- not sure which ones of these I should look at tho either.
    6. Also keeping track of all the questions I've done and maintaining an index so I know what I have covered and what not.

    I havent used the book/toolkit at all yet- has anyone found them good?


  • Registered Users, Registered Users 2 Posts: 412 ✭✭Hackysack


    The toolkit has a couple of difficult consolidation questions. I hear it's well worth trying them out. But I've also heard that there are mistakes in there somewhere as well.

    Go Institute.


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  • Registered Users, Registered Users 2 Posts: 144 ✭✭phunkymonk


    repeatin this aswell for a 3rd time,its just great craic..cant wait wait to back to that hall and begin my mental meltdown..

    the amount of answers that have errors is a joke..how they get away with it is beyond me,

    are the fae questions worth doing or are they a bit more advanced to cap2, dont think i looked at em last yr..

    hope to god this is the last time i sit this!

    cash flow has to come up this time,prob as part of consol so will only be worth bout 12-15 marks and will be messy if it does,if q on its own shuld be pickin up 75-80% on that q


  • Registered Users, Registered Users 2 Posts: 263 ✭✭SL10


    I would think its prob worthwhile doing some FAE questions- both Audit and SFMA are both definitely closer to the old FAE standard than to the Prof 3 so I would think that it could be similar for FR


  • Registered Users, Registered Users 2 Posts: 101 ✭✭aca101


    Would anyone be able to post up some financial notes...particularly any kind of revision notes would be hugely appreciated. Im working off the Cork notes (they're pretty useless) so I'm spending most of my time working through the book...im tearing my hair out tho because its so dense!

    On a side note is the author of the book an examiner or did i dream this?


  • Registered Users, Registered Users 2 Posts: 263 ✭✭SL10


    I dont really have any revision notes, but if you want to name a particular topic i can put the notes up for that topic that im using for study if that helps?!


  • Registered Users, Registered Users 2 Posts: 144 ✭✭phunkymonk


    rumour was connolly was the examiner alrite,so book examples prob worth lookin at.


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  • Registered Users, Registered Users 2 Posts: 169 ✭✭mrduffy


    Q6 PG 6 OF 20 2010 02 13

    Cost of control 875 ? Where does figure come from ?

    Consoladation of income statement 50 % why ?


  • Closed Accounts Posts: 3 ahossain


    does anyone know the best place to get grinds - i downloaded the itunes app - it was quite useful but there's only so much an app can help

    thanks


  • Registered Users, Registered Users 2 Posts: 101 ✭✭aca101


    The chartered grind school are running grinds...meant to be good.

    What itunes app is that?


  • Registered Users, Registered Users 2 Posts: 146 ✭✭HeinekenTicket


    @MrDuffy

    share capital = 150
    retained earnings at acquisition = 600
    fair value adjustments at acquisition = 125

    => credit entry to cost of control = 875

    Only 50% of income and expenses of the subsidiary are included because it is a mid-year acquisition.


  • Closed Accounts Posts: 2 tarmachead


    Hi there guys,

    Can any of ye tell me where exactly in the consolidation calculation, do the changes in the revised IFRS 3 hit?

    Is it just the goodwill calculation or is it also in the calculation of Non Controlling Interest, formerly Minority Interest...

    This is really confusing me!

    Thanks


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