OLD FAE Exams 2010...am I alone

Moore2009

Hi guys,

am doing the exams in december, was wondering if any1 has changed there strategy and approach to these exams.... and what theyare doing differently

applehunter

Just doing exam questions.

Think thats where I fall down the previous times. Lack of practice under exam conditions and arriving on the day and getting stuck for time as a result.

Usually I leave it to the last 2/3 weeks to do exam q's.

I'm straight into them already now.

garfunkel

Yes - I find that am doing all exam questions now - I have culled my audit notes and only have necessary info with me - <snip>
I also need to be very strict with myself on time - once allocated time on question is up - leave this question and move on -

I am still trying to get my hands on a copy of Advanced Auditing and Assurance - published by the ICAI - does anyone know of someone who would have a copy

the ICAI dont have any left to buy and are waiting for a new version for this years students ....

smcgiff

No mention of Grind Schools (see Charter) - Lets keep this thread open.

Next person will get issued a card.

Moore2009

garfunkel wrote: »

Yes - I find that am doing all exam questions now - I have culled my audit notes and only have necessary info with me - <snip>
I also need to be very strict with myself on time - once allocated time on question is up - leave this question and move on -

I am still trying to get my hands on a copy of Advanced Auditing and Assurance - published by the ICAI - does anyone know of someone who would have a copy

the ICAI dont have any left to buy and are waiting for a new version for this years students ....

yeah just doing exam papers as well, its very difficult trying to cull my notes.

Thinking about heading to UCC limerick to study as soon as I get off work.

DB Cooper 23

I think one of the main problems I had in Auditing was the fact that I had too many notes, I had about 4 lever arch folders in the 1st exam and trying to locate the relevant info was tough and awkward.

I tried to condense my notes for the resits and found them more useful, however still failed. I'm just concentrating on past papers from here on in, try to improve my exam technique and see where that gets me.

Moore2009

DB Cooper 23 wrote: »

I think one of the main problems I had in Auditing was the fact that I had too many notes, I had about 4 lever arch folders in the 1st exam and trying to locate the relevant info was tough and awkward.

I tried to condense my notes for the resits and found them more useful, however still failed. I'm just concentrating on past papers from here on in, try to improve my exam technique and see where that gets me.

yeah auditing is a tough one for the amount of notes.
another one is MABF, I have 5 folders for that one, doing my utmost to condense the notes almost impossible.
2 folders - MA
1 folder - BF
1- Folder - past papers/exam papers
1 - folder - BF Manual (ICAI)
1- Folder - Qs and Ans BF (ICAI)

Miss PE

I haven't started to study yet - just have Audit to do. How much have u guys done already (hours / Q's).

Hoping to get down to it the week after next - a couple of nights a week and then every Saturday in Nov/Dec.

Controls Q's and timing always are my downfall. Was there any advise given @ the Institute revision course (if any of ye went)?

My only notes are those given out in the original lectures and exam papers - think I've 2 folders.......

Nom-IzZ

If any one has the Mock solutions and questions can you send them to me, they do not appear to me on the ICAI site

Thanks

Nom-IzZ

looking for the multi D solution to May 2010 aswell please

drok

Hey guys,

I'm looking for December mock MABF and Auditing papers along with solutions. If anyone has them could they email me with them please? It would be a great help. Thanks.

tilly99

drok wrote: »

Hey guys,

I'm looking for December mock MABF and Auditing papers along with solutions. If anyone has them could they email me with them please? It would be a great help. Thanks.

I second the recent posts, ifanyone has the mock exams and solutions could they fwd them on tks!I will give bars of chocolate in exchange!everyone loves chocolate right.....

Drok is there december mocks as well....???

drok

tilly99 wrote: »

I second the recent posts, ifanyone has the mock exams and solutions could they fwd them on tks!I will give bars of chocolate in exchange!everyone loves chocolate right.....

Drok is there december mocks as well....???

Yeah the icai had mocks either this month or last for people who signed up for the revision lectures.

tilly99

Nom-IzZ wrote: »

If any one has the Mock solutions and questions can you send them to me, they do not appear to me on the ICAI site

Thanks

Does anyone have these papers, because they appear to be removed from the site? thanks!

Moore2009

did anyone get much study done over the long weekend.... how is everyone progressing...

DB Cooper 23

Does anyone know if the tax rates for the December exam will be the same as the May exam?

AnalogDrummer

Would anyone have an ASB IFRSs 2008 book for sale?

tilly99

AnalogDrummer wrote: »

Would anyone have an ASB IFRSs 2008 book for sale?

looking for that book as well, if any1 has it would they be willing to sell it?

Bosco26

I think I have that standards book that ye are looking for.

I also have copies of Modern Auditing (Cosserat) as well as Management accounting books.

tilly99

wtf! has anyone started studying for these....

New World Order

Does anyone know what the story is with IFRS3 is the old rule examinable?

Also anyone have any guess of what could come up in any exams, did CGS give tips?, has anyone been analysising what came up in recent papers ...and come up with any ideas, please share..

Also has anyone got the mocks for any exams bar MD they can email me??

thanks

Moore2009

New World Order wrote: »

Does anyone know what the story is with IFRS3 is the old rule examinable?

Also anyone have any guess of what could come up in any exams, did CGS give tips?, has anyone been analysising what came up in recent papers ...and come up with any ideas, please share..

Also has anyone got the mocks for any exams bar MD they can email me??

thanks

PM Sent - get back asap if ur interested!

Nom-IzZ

Moore send us that pm also if it is any good, thanks a mil

Moore2009

Nom-IzZ wrote: »

Moore send us that pm also if it is any good, thanks a mil

pm sent...

Porridge7

Moore2009 wrote: »

pm sent...

Could you send me that PM too - Thanks.

AnalogDrummer

Hi, I hope everyone's studying is going well.

I've gone through most of the past papers and would appreciate if anyone could post up or PM the most recent Mock Papers & Solutions for Auditing, FA & Tax.

Cheers

drok

AnalogDrummer wrote: »

Hi, I hope everyone's studying is going well.

I've gone through most of the past papers and would appreciate if anyone could post up or PM the most recent Mock Papers & Solutions for Auditing, FA & Tax.

Cheers

If anyone could post the most recent MABF Mock Paper and Solution I'd really appreciate it too. Thanks a million.

Miss PE

Nom-IzZ wrote: »

Moore send us that pm also if it is any good, thanks a mil

Could u send that on to me too pls?

Sparkybo

DB Cooper 23 wrote: »

Does anyone know if the tax rates for the December exam will be the same as the May exam?

yes there are the same

AnalogDrummer

Miss PE wrote: »

Could u send that on to me too pls?

Hi,

Could one of you please send me the Auditing Mock and Solution for April 2010.

Also, Moore could u send that on to me, cheers

applehunter

So into the final week of cramming.

What do people think will come up in the exams?

Porridge7

PM Sent.

I have the mock papers from April, I dont know how to upload them on to boards so if anyone needs them send me your email address and I will forward them on.

Does anyone have the most recent mock papers from November,as I could really do with them - Thanks.

AnalogDrummer wrote: »

Hi,

Could one of you please send me the Auditing Mock and Solution for April 2010.

Also, Moore could u send that on to me, cheers

teddy99

applehunter wrote: »

So into the final week of cramming.

What do people think will come up in the exams?

anyone?

teddy99

Porridge7 wrote: »

PM Sent.

I have the mock papers from April, I dont know how to upload them on to boards so if anyone needs them send me your email address and I will forward them on.

Does anyone have the most recent mock papers from November,as I could really do with them - Thanks.

upload mock papers please!!!

oldfaes

Hi,
Could somebody send me the most recent audit and MABF mocks please? I have the audit and MABF mocks from the previous set of repeats if anybody wants them.
Thanks and good luck next week!

tilly99

jaysus - screwed again with Auditing dooh!

applehunter

Bluffed my way through the Debtors Question.

Had no idea what a invoice confirmation was let alone its advantages/disadvantages.

As for the €400k.

Said that the post balance sheet events were crucial as far as this was concerned.

Overall i think the rest of the exam was ok enough.

Miss PE

Did anyone get any tips for Multi-D from either the Institute or any revision courses they went on?? Any help appreciated!

Hope every1's study is going well

Saint Sonner

are there many left to get through these exams and what happens if you don't get old fae?

applehunter

Institute certainly didn't go easy on us poor unfortunates today.

Financial Accounting : Nothing too difficult, just a bit specific in terms of particular standards. Should be ok.

Tax Planing : 58% of the paper given to transfer on trade. Had to have been a new examiner as that was a joke.

Barely had anything written for the 17 mark question on the transfer of goods and the corporate tax effects. 17 marks. I ask you?

Was really confident going into tax but struggled.

Hopefully I got over the 40% mark in it.

applehunter

Saint Sonner wrote: »

are there many left to get through these exams and what happens if you don't get old fae?

Good question....

End game basically AFAIK. New career.

teddy99

applehunter wrote: »

Institute certainly didn't go easy on us poor unfortunates today.

Financial Accounting : Nothing too difficult, just a bit specific in terms of particular standards. Should be ok.

Tax Planing : 58% of the paper given to transfer on trade. Had to have been a new examiner as that was a joke.

Barely had anything written for the 17 mark question on the transfer of goods and the corporate tax effects. 17 marks. I ask you?

Was really confident going into tax but struggled.

Hopefully I got over the 40% mark in it.

hopefully we get through, could be gone as well....was prepared for one nasty paper but 2!!! oh my god!

this is what I got:

Financial A/c

- calc of inventory 1042, rever selling costs - nothing in DC Books
- defer payment by 8 months? not too sure - is it ias 18??
- gov reversal
- consigment inventories
- ias 27 intercompany sale, IAS 24, ias 17 was that a sale and leaseback even though "no right to buy back"??
- IAS 10 non adjusting
- IAS 37 Restructuring

is that what many got?

Tax I dunno what to say?

(A)(I) trading losses c/f- ???
(A)(II) losses current year?- terminal losses???
(B)tax deductible - VAt on Prof Fees n Interest Ded???
(C) post acq - SD/Balancing charges/CAT Business relief??
(D) CT - Borrowing costs and VAT???
(E) VAT/SD

I dunno what to say anymore?

Mighty_Mouse

ive lost my exam letter!!!
could someone post up the address of the old fae exam centre for tommorrow mabf in dublin?

Scraping_By

Dublin
Chartered Accountants House
47-49 Pearse St
Dublin 2

It's just in the new CAI offices on the first floor.

Edit: Well that's where i was today for FA / Tax and i'm there again on Friday for Multi D so I assume MABF is there too!!

drok

Views on MABF anyone? Whats the general feeling? I thought the paper was hard, esp parts (b)(i) and part (c). Did people write much for part (c) or just quick bullet points?? I didn't have notes for those questions on dividend policy.

applehunter

had a disaster. Took way too much time on variances without actually answering the thing. Depressing. I always seem to have 1 shocker. Looking at the paper when i got home and on reflection it was not too bad. Needed a cool head in the exam.

Scraping_By

applehunter wrote: »

had a disaster. Took way too much time on variances without actually answering the thing. Depressing. I always seem to have 1 shocker. Looking at the paper when i got home and on reflection it was not too bad. Needed a cool head in the exam.

Sorry to hear it and I hope that overall - besides the variances - the paper went ok. I know exactly what you mean, though, unfortunately. I felt that way about the first part of the FA exam - it was straightforward after the exam but at the time, gah!!

Oh and just wanted to say thanks a million, nay a trillion, for those tax notes / map... saved my life with all that losses forward, S400, 401, twdv transfer in a group, transfer of a trade, blah blah blah in the exam!! The focus of that paper was so narrow!! So, again, thanks!

Scraping_By

Gah multi-D was hard today! Spent too much time on financial ratios and not enough time on reaching conclusions and such... Spent too long on that P&L as well... Should pass it hopefully but there won't be too many spare marks there to compensate for FA / Tax... Gosh darn it!! Now just six weeks of dread until the results... ho ho ho

DB Cooper 23

applehunter wrote: »

Institute certainly didn't go easy on us poor unfortunates today.

Financial Accounting : Nothing too difficult, just a bit specific in terms of particular standards. Should be ok.

Tax Planing : 58% of the paper given to transfer on trade. Had to have been a new examiner as that was a joke.

Barely had anything written for the 17 mark question on the transfer of goods and the corporate tax effects. 17 marks. I ask you?

Was really confident going into tax but struggled.

Hopefully I got over the 40% mark in it.

I have to agree with you, it definately seems that there is a new tax examiner, totally messed up that 17 mark question - still don't know what they were looking for. i don't even think i'll get 40%.

I thought Financial was quite tough as well (and it would probably be my better subject of the 2).

Scraping_By

Lordy Lordy people! Three days and counting... I've got myself so stressed out I keep doing that gross thing where you throw up a little in your mouth... fun... (TMI I know but it just creates the perfect picture of how ****e these results have me feelin)

I hate this part, the dread of waiting, waiting, waiting - and then, once you find out, it's so final and unchangeable... Can't win...

peter redmond

Scraping_By wrote: »

Lordy Lordy people! Three days and counting... I've got myself so stressed out I keep doing that gross thing where you throw up a little in your mouth... fun... (TMI I know but it just creates the perfect picture of how ****e these results have me feelin)

I hate this part, the dread of waiting, waiting, waiting - and then, once you find out, it's so final and unchangeable... Can't win...

Getting so nervy now!!