ICAI Exams - Credit???

Regina2009

Hi Guys,

What does it mean when you repeat an exam and your result is a "credit" as opposed to a straight pass?

Does it mean fail or what?

smcgiff

Not CAI so can't say for certain - CAI's can correct me later.

I thought you got a credit where, say, you took 4 exams passed 3 but failed 1. The credits turn to passes if you pass the last exam. You would have to retake the credit papers if you didn't pass the last exam within a certain time frame.

Hopefully someone from CAI will set you straight soon.

Regina2009

A girl in my firm, was doing CAP 1.
She had to repeat Financial Accounting in the autumn and passed all her other CAP 1 subjects in the summer, but her result for the repeat was a "credit".

I sometimes talk to her at break, but before I ask her about it I want to know what a "credit" means, cos I would hate to upset her.

hockeygirl

If you are on the pass list it means uve passed every exam u sat.

if you are on the credits list it means that for example you sat 4 exams but failed 1... you get a credit for each one you actually passed an u have to repeat that one subject.
So your grade is always just pass or fail regardless... but to "pass" the exam sitting u have to get a credit/pass in each exam u sit

Hanley

Regina2009 wrote: »

A girl in my firm, was doing CAP 1.
She had to repeat Financial Accounting in the autumn and passed all her other CAP 1 subjects in the summer, but her result for the repeat was a "credit".

I sometimes talk to her at break, but before I ask her about it I want to know what a "credit" means, cos I would hate to upset her.

I'm not 100% sure how it works... but if she was on the summer credit list then she passed some and failed some.

If she was on the autumn list as "credit" then it would imply she passed some of her repeats, and if she only had one, it would be reasonable to assume she passed it.

But then why didn't she just appear on the "pass" list in autumn? I assume it's because that list is exclusively for everyone who passes the entire set of exams in one go.

defiantshrimp

Hanley wrote: »

If she was on the autumn list as "credit" then it would imply she passed some of her repeats, and if she only had one, it would be reasonable to assume she passed it.

But then why didn't she just appear on the "pass" list in autumn? I assume it's because that list is exclusively for everyone who passes the entire set of exams in one go.

Credit means that some papers sat were failed or else that some papers were not sat due to illness or whatever. THe pass list means you passed CAP1, i.e achieve proficiency and can move to CAP2.

androma

ya in my summer ones i was on credit list having failed 2/4. then got the other two and was on the pass list.had i got one of the two i would have been on the credit list i think.