Elevation CAP2 - do two or all four?

techman

Hello,

I have completed Elevation CAP1 and looking at the enrolment for CAP2 next year.

I don't work in Accounting and I don't get any study leave for the exams. As CAP2 is a difficult year, should I just do two next year?

Or should I just give all four a go and then repeat any I don't get?

Advice appreciated.

wooalrightyeah!

I'm not really too sure how the elevation programme works (if you can pick which subjects to sit and when) but I would be inclined to sit 2 to start with, especially since you're not working in accounting. As someone who came through cap2 last year with audit experience and generous study leave, I still found it tough to pass all 4 first time.

That said, its entirely a personal choice though and seeing as how you've passed cap1 already you might find it that little bit easier.

Best of luck!

RT2010

I would have to agree with the above. I would do 2 and get them nailed down first time especially with the lack of study leave etc. Will take a bit longer but you might be able to do your FAEs in one go.

kilburn

why dont you try sitting 2 in the summer and 2 in the autumn, that way you can spread them a bit

allymcbeal

I would say do two at a time. I have just sat them and they are hard but made harder by the notes/lectures/institute cock ups. If you decide to do 4 just be prepared that anything can come up.

techman

Thanks everyone for your replies.

Looks like if I want to do two subjects only in CAP2 next year, you have no choice but to do Audit & Tax in year one.

For those who have completed CAP2, is there any overlap between Financial Reporting and Audit?

In other words, by doing Audit and not doing Financial Reporting at the same time, would you be at any disadvantage?

Thanks again.

wooalrightyeah!

techman wrote: »

Thanks everyone for your replies.

Looks like if I want to do two subjects only in CAP2 next year, you have no choice but to do Audit & Tax in year one.

For those who have completed CAP2, is there any overlap between Financial Reporting and Audit?

In other words, by doing Audit and not doing Financial Reporting at the same time, would you be at any disadvantage?

Thanks again.

it's hard to know as I sat all 4 at once so there might have been some overlap and i didn't necessarily notice...

however, i wouldn't think you'd be at a huge disadvantage not doing FR..the only thing I'd recommend is that you're familiar with some of the obvious standards like, say, Inventories and how they should be valued (lower of cost and NRV), post balance-sheet events, provisions, impairment etc and maybe some basic double-entry

prinz

techman wrote: »

In other words, by doing Audit and not doing Financial Reporting at the same time, would you be at any disadvantage?
Thanks again.

As above, didn't notice any major overlap. Could even put you at an advantage doing them separately. You'd get a better in depth understanding of both IMO.