CAP 2 Exams 2012

Kmac65

Congrats to all who passed. To those of us who didn't the prize out there is still the FAE.

For me who will do all 4 in October could I get the loan from anyone who passed all 4 or some of them, the notes supplied by the CGS in June.

Whilst cost is an issue for me in attending - so is the distance to Dublin!!!

:pac:

Tricky1979

Hi there - query re F.R.

In terms of the lecturers for the resit courses - the CGS have Dave O'Donovan whereas the Chartered Accountants Ireland have Mike Tuohy (I think).

Any comments as to his better? Thanks

Tricky1979

Actually it's 'Dave O’ Donoghue' in CGS

srm23

I got 42 in SFMA & 45 in Tax.
thinking of applying for extenuating circumstances due to some family problems which I'd get a doctor's note for.

What happens here will they re-mark the papers more leniantly? Is this worth my while with these scores? I dont really want to waste another 120e on this with all the fees of repeating

Mark1916

srm23 wrote: »

I got 42 in SFMA & 45 in Tax.
thinking of applying for extenuating circumstances due to some family problems which I'd get a doctor's note for.

What happens here will they re-mark the papers more leniantly? Is this worth my while with these scores? I dont really want to waste another 120e on this with all the fees of repeating

I'd imagine your too late for extenuating circumstances as it has to be submitted within a week of sitting the exams I think. Your just going to have to repeat them!

7upfree

I failed my auditing in 2010, did the institute revision course and failed the repeat. Rest it for the 3rd time last year and didn't go near the institute I got grinds instead now I am in the middle on studying for my FAE's.

It's such a horrible feeling failing them but you just have to keep trying. Just remember 55% of people failed something this year.

Best of luck to anyone who has to repeat just have faith in yourself.

srm23

Mark1916 wrote: »

I'd imagine your too late for extenuating circumstances as it has to be submitted within a week of sitting the exams I think. Your just going to have to repeat them!

It says 24th of August on the website where did you get your info?

Kmac65

srm23 wrote: »

I got 42 in SFMA & 45 in Tax.
thinking of applying for extenuating circumstances due to some family problems which I'd get a doctor's note for.

What happens here will they re-mark the papers more leniantly? Is this worth my while with these scores? I dont really want to waste another 120e on this with all the fees of repeating

Also - You will probably not find out until a week before the resits what the outcome is!!

Mark1916

srm23 wrote: »

Mark1916 wrote: »

I'd imagine your too late for extenuating circumstances as it has to be submitted within a week of sitting the exams I think. Your just going to have to repeat them!

It says 24th of August on the website where did you get your info?

Apologies my fault! These things don't tend to work as they will ask why was it not brought to their attention at the time of sitting the exams worth a go I guess!

srm23

Mark1916 wrote: »

Apologies my fault! These things don't tend to work as they will ask why was it not brought to their attention at the time of sitting the exams worth a go I guess!

yeah i know but you sort of go in hoping to pass anyway so didnt really think of it, only noticed it on the website when looking to register for repeats. maybe they will consider it for the repeats instead.

notanocelot

I have reliable information which says that a doctor's note, submitted before the deadline, will push a 45% up to a pass but not anything below that.

Send in the appeals.

I'm editing to emphasise that they are not going to enquire 'why didn't you tell us about this at the time' because it costs money to appeal and people hope they'll pass.

myshirt

In terms of extenuating circumstances, I think they will drive you over the line only if you are close or had some points which were otherwise legitimate but not in the marking scheme.

In other words, they have this practice of a discretion for the corrector. It operates by way of allowing them to award a maximum of 25% of the marks available if the student presents points that the marker believes are legitimate, but are not in the marking scheme and thus marks are not available.

The extenuating circumstances would lift this discretion to 100%. It would allow the marker to really consider your script with a view towards applying more leniency than is normally available to them.

That is the short and small of it. They understand that if something is affecting your performance, you are not expected to be as sharp as they might otherwise expect.

Ultimately, if you really messed it up, there is only so much they can do, and possibly repeating is the best option. These things happen, and it is unfortunate.

Mark1916

myshirt wrote: »

In terms of extenuating circumstances, I think they will drive you over the line only if you are close or had some points which were otherwise legitimate but not in the marking scheme.

In other words, they have this practice of a discretion for the corrector. It operates by way of allowing them to award a maximum of 25% of the marks available if the student presents points that the marker believes are legitimate, but are not in the marking scheme and thus marks are not available.

The extenuating circumstances would lift this discretion to 100%. It would allow the marker to really consider your script with a view towards applying more leniency than is normally available to them.

That is the short and small of it. They understand that if something is affecting your performance, you are not expected to be as sharp as they might otherwise expect.

Ultimately, if you really messed it up, there is only so much they can do, and possibly repeating is the best option. These things happen, and it is unfortunate.

Could be worth a try for your tax paper!

myshirt

Anybody who passed Audit have any tips?

I failed this, and I am not entirely sure why.

I am also thinking of repeating the Continuous Assessment... I got 6.85 which wasn't great... but it is not entirely bad either...

What do people think here?

national express

Tricky1979 wrote: »

Hi there - query re F.R.

In terms of the lecturers for the resit courses - the CGS have Dave O'Donovan whereas the Chartered Accountants Ireland have Mike Tuohy (I think).

Any comments as to his better? Thanks

I'd appreciate any feedback on this too actually. And the same for the CGS v. Institute SFMA lecturers?

I found the CGS lecturers to be great...but then I still failed, so I'm wondering whether I should try the institutes course or whether that would just confuse me by having too many methods etc.

Similar to a poster above I have extenuating family circumstances that my firm/managers etc. did know about at the time of my study leave, but I didn't tell the institute. But I don't think I'll be appealing. It would only help for one of my exams (SFMA 44) and to be honest I don't think I can afford it... and couldn't deal with staying in hope until the week before and finding out I still have to do the exam anyway. And finally I just don't trust the institute to give it the appropriate consideration unfortunately.

Gutted I failed 3. I thought I'd failed one (maybe 2) and was genuinely shocked when I seen the results on Friday morning.

How much time are people repeating 3 or 4 getting off work? I have a good bit of annual leave and leave in lieu at this stage so I'm hoping I'll be allowed to use that. But even around 3 weeks seems like a tough ask to prepare (and improve upon) 3 of these exams. The realistic part of my head has an extremely gloom outlook at the minute to be honest.

srm23

notanocelot wrote: »

I have reliable information which says that a doctor's note, submitted before the deadline, will push a 45% up to a pass but not anything below that.

Send in the appeals.

I'm editing to emphasise that they are not going to enquire 'why didn't you tell us about this at the time' because it costs money to appeal and people hope they'll pass.

well i got 42 & 45 so you think i should bother sending in the 42?
i assume it would be pointless to bother if you got say 30 or something

national express

myshirt wrote: »

Anybody who passed Audit have any tips?

I failed this, and I am not entirely sure why.

I am also thinking of repeating the Continuous Assessment... I got 6.85 which wasn't great... but it is not entirely bad either...

What do people think here?

I know it's probably the most over used tip for the Audit paper...but stating the obvious is pretty important in it imo.

To be honest for the amount of effort that has to be put into the continuous assessments vs. the final papers and comparing the amount of marks you could stand to gain in both, I can't see too much of an advantage for anyone repeating either of the continuous assessments. Unless you really bombed it, I would just concentrate on the final paper. I'm not in the same situation though, so that's just an outsiders opinion.

Pawwed Rig

amber.mc wrote: »

Congrats to all who done well in dr exams!!!

Sadly i failed all 4 :-( tax was not wat i expected and it kinda throu me for d rest and i ran out of time for fr and sfma :-( was thinking about talking to my manager on monday about just sitting two in d repeats and d others hopefully next summer.. Was wondering had anyone any advice as these were my first chartered exams..

Hi sorry to hear you weren't successful this time around.

Regarding the repeats I would recommend you sit them all. Even if you just focus on 2 and sit the other 2 blind. It counts as a resit anyway and if one of the papers happened to have something on it that you know well ans you scrape a pass in three you are ahead of the game. Seriously nothing to be lost by sitting all 4.

Congrats to all who did them. I did em last year and it was a horrific experience. My 50% in Fin Reporting is one of my proudest moments after the 12% I got in the mocks.

FAE is horrific aswell;)

figrolls

national express wrote: »

I'

How much time are people repeating 3 or 4 getting off work? I have a good bit of annual leave and leave in lieu at this stage so I'm hoping I'll be allowed to use that. But even around 3 weeks seems like a tough ask to prepare (and improve upon) 3 of these exams. The realistic part of my head has an extremely gloom outlook at the minute to be honest.

I only had two weeks last year for SFMA and FR first attempt and managed to pass them both ( just about!) so I think you'll manage with 3 weeks as you'll already be familiar with the material and have your notes organised etc

You'd be surprised how much you can get done when you're under pressure

The Big Red Button

national express wrote: »

I know it's probably the most over used tip for the Audit paper...but stating the obvious is pretty important in it imo.

To be honest for the amount of effort that has to be put into the continuous assessments vs. the final papers and comparing the amount of marks you could stand to gain in both, I can't see too much of an advantage for anyone repeating either of the continuous assessments. Unless you really bombed it, I would just concentrate on the final paper. I'm not in the same situation though, so that's just an outsiders opinion.

I'd agree about stating the obvious - for A&A, it's important to use common sense and avoid over-thinking the questions!

Don't see any harm in repeating the CA, as what you'd study for it is the same material as what you'd be studying for the final exam anyways, so it's not like the time you spend studying would be wasted.

Pawwed Rig wrote: »

Regarding the repeats I would recommend you sit them all. Even if you just focus on 2 and sit the other 2 blind. It counts as a resit anyway and if one of the papers happened to have something on it that you know well ans you scrape a pass in three you are ahead of the game. Seriously nothing to be lost by sitting all 4.

Nothing to be lost, except €200! In my opinion, it's not worth throwing that amount of money away on the off-chance that you might get very lucky and scrape a pass!

srm23

chatterpillar wrote: »

I'd agree about stating the obvious - for A&A, it's important to use common sense and avoid over-thinking the questions!

Don't see any harm in repeating the CA, as what you'd study for it is the same material as what you'd be studying for the final exam anyways, so it's not like the time you spend studying would be wasted.



Nothing to be lost, except €200! In my opinion, it's not worth throwing that amount of money away on the off-chance that you might get very lucky and scrape a pass!

is it 200e per repeat? :eek:

Mark1916

srm23 wrote: »

chatterpillar wrote: »

I'd agree about stating the obvious - for A&A, it's important to use common sense and avoid over-thinking the questions!

Don't see any harm in repeating the CA, as what you'd study for it is the same material as what you'd be studying for the final exam anyways, so it's not like the time you spend studying would be wasted.



Nothing to be lost, except €200! In my opinion, it's not worth throwing that amount of money away on the off-chance that you might get very lucky and scrape a pass!

is it 200e per repeat? :eek:

Nope it's 100 and I think around 60 to repeat the ca although not 100%

To the person asking about auditing I believe referencing back to the auditing standards when possible is useful I dont mean transcribing paragraphs etc also know your debits and credits inside out!!

myshirt

Thank you to those that gave advice on Audit. I think I will take the continuous assessment again: hopefully the worst I can do is replicate my last result.

I don't stand to gain a lot. I am thinking realistically I can get a 10, which would save me 3 or 4 marks in the main exam.

In normal circumstances I would leave it, but obviously the experience with these things is people just scrape them.

I thought I done a paper worthy of a 60 mark the last time, but clearly not.

I think you need to walk out of there having completed a full paper and be confident on 75% of it, and shaky but not apalling on 25%, in order to secure a 50-55 pass.

Rough stuff. The pressure is on as due to get the sack if fail.

notanocelot

srm23 wrote: »

well i got 42 & 45 so you think i should bother sending in the 42?
i assume it would be pointless to bother if you got say 30 or something

I just looked back at your first post and you say the 42 was in SFMA. How did you do in the continuous assessment? Most people do very well in the continuous assessment, meaning that your true performance in the summer exam could have been under 40. I definitely wouldn't bother appealing the SFMA if you calculate that you got less than 40% on the paper. Family problems won't cut it for the examiners then.

Definitely try for the Tax though.

Pawwed Rig

chatterpillar wrote: »

Nothing to be lost, except €200! In my opinion, it's not worth throwing that amount of money away on the off-chance that you might get very lucky and scrape a pass!

They are a bit of a money making racket alright. I suppose it depends on how Amber performed in the exam. If she (presume she) got 40 say in SFMA but one of the questions was a total disaster there may be a kinder question in the repeats that will push her over the line. The general consensus last year (for FR anyway) was that the repeats were easier than the original exam

srm23

notanocelot wrote: »

I just looked back at your first post and you say the 42 was in SFMA. How did you do in the continuous assessment? Most people do very well in the continuous assessment, meaning that your true performance in the summer exam could have been under 40. I definitely wouldn't bother appealing the SFMA if you calculate that you got less than 40% on the paper. Family problems won't cut it for the examiners then.

Definitely try for the Tax though.

I got 9.6/15 in the continous assessment, so I got approx 40% in the summer paper

EveT

national express wrote: »

I'd appreciate any feedback on this too actually. And the same for the CGS v. Institute SFMA lecturers?

I found the CGS lecturers to be great...but then I still failed, so I'm wondering whether I should try the institutes course or whether that would just confuse me by having too many methods etc.

Similar to a poster above I have extenuating family circumstances that my firm/managers etc. did know about at the time of my study leave, but I didn't tell the institute. But I don't think I'll be appealing. It would only help for one of my exams (SFMA 44) and to be honest I don't think I can afford it... and couldn't deal with staying in hope until the week before and finding out I still have to do the exam anyway. And finally I just don't trust the institute to give it the appropriate consideration unfortunately.

Gutted I failed 3. I thought I'd failed one (maybe 2) and was genuinely shocked when I seen the results on Friday morning.

How much time are people repeating 3 or 4 getting off work? I have a good bit of annual leave and leave in lieu at this stage so I'm hoping I'll be allowed to use that. But even around 3 weeks seems like a tough ask to prepare (and improve upon) 3 of these exams. The realistic part of my head has an extremely gloom outlook at the minute to be honest.

Dave O D is ok, I dont know what the other guy is like, I did CGS for audit for cap 2 and tbh dont think it helped a huge amount but think Im auditly challenged! scraped 51%, the notes are ok too. Did it for fae with him and was ok, if it was FR or SFMA Id be like do the course for sure, but audit, hes not super

srm23

I thought the SFMA grind in CGS was very good.

national express

Audit is the only one I'm not doing.

Does anyone have any advice on chosing between Institute Course v CGS c Griffith? I have to choose which to use by tomorrow.

I did find the CGS helpful for FR but as I said, still failed.

Did anyone use the institute course last year? It does claim to be exam focused which is a change for them.

Stabshauptmann

Rickyroma wrote: »

Just to clarify, this comment could not be more incorrect.

There is no curve.

There is no predetermined pass rate.

Each paper is marked individually and borderline fails are re-marked by a second corrector. Each candidate is awarded the higher of the two grades.

Any candidate who passed these exams passed because of their own hard work.

Congratulations to those who did.

Your latter 3 points while correct, do not mean the former two are incorrect.