FAE -Unsuccessful and trying again/new institute choice

sandy60

Hi all,

Sorry, just wanted to set up a thread specially for people who failed FAE 2012 and I am sick of the FAE 2012 September thread and some people commenting on it,

Just want to see what people are thinking of doing next ......... repeating with Chartered, changing to ACCA/CPA, changing career......

mydiscworld

I'd posted this a few weeks ago on the FAE 2012 thread...

For those thinking of switching [from Chartered to another body], here's my experience to date:

Up to 2010 I had passed first go all university exams and all CAP1 and CAP2.

I sat FAE 2010 and got 5 of 6 Core - failed Bus L. Passed tax elective.

Resat Core 2011 - failed Bus L and PM (so a step backwards)

Decided enough was enough. Waiting another whole year without repeats was the killer for me.

I looked at CPA v ACCA. Switched to CPA as had 4 exams to do v 6 with ACCA.
I had to do 1 P1 and 3 P2s. Got exempt from Tax P2 as passed the FAE elective.

I've sat two exams so far: P1 Corporate Laws & Governance in Apr 2012 (got 75%, closed book) and P2 Strategy & Leadership in Aug 2012 (got 65.5%, open book).

Sitting my last two P2 exams in Apr 2013.

To date I've found CPA way nicer to deal with and exams feel easier.

They even do e-learning now in GCD, so they record lectures and put them online, you can also go to the classes, and revision weekends are also there. I hate classes, so watching them at home at my leisure has been great.

Fingers crosses I'll bang out the last two - Audit & Corporate Reporting (both open book) in Apr 2013. If not, I've repeats in Aug so not too stressed.

sandy60

did it cost you much to do the online classes with GCD? would you need to go to classes? did u get manuals with the course?

mydiscworld

sandy60 wrote: »

did it cost you much to do the online classes with GCD? would you need to go to classes? did u get manuals with the course?

My office pay cost but Prices below
http://www.gcd.ie/assets/Uploads/pdfs/Accounting/CPA_2012/cpa_september/CPA-eLearning-Reg-Form-23-08-12.pdf

I've no affiliation to GCD or anything, but to answer your Qs:

Classes
I don't bother going but others will recommend you should, I'd say

Manual
Yes, with eLearning you get all manuals, can go to classes also if you want, classes also recorded and put up online, can go to revision course weekend close to exam, can sit mock exam (I think)

Note
CPA student registration deadline was Dec 1 2012 to sit an exam in Apr 2013. Reckon, they'd give a bit of leeway though, if you applied soon

SashaH

mydiscworld wrote: »

My office pay cost but Prices below
http://www.gcd.ie/assets/Uploads/pdfs/Accounting/CPA_2012/cpa_september/CPA-eLearning-Reg-Form-23-08-12.pdf

I've no affiliation to GCD or anything, but to answer your Qs:

Classes
I don't bother going but others will recommend you should, I'd say

Manual
Yes, with eLearning you get all manuals, can go to classes also if you want, classes also recorded and put up online, can go to revision course weekend close to exam, can sit mock exam (I think)

Note
CPA student registration deadline was Dec 1 2012 to sit an exam in Apr 2013. Reckon, they'd give a bit of leeway though, if you applied soon

Thanks for that, similar store for me. Do you know anything about independent? I am choosing between GC and IC.

Oh and I just checked the CPA website they have extended the deadline until Dec 19th. Which suits as I am waiting on ACA transcripts for my exemptions.

mydiscworld

mydiscworld wrote: »

I'd posted this a few weeks ago on the FAE 2012 thread...

For those thinking of switching [from Chartered to another body], here's my experience to date:

Up to 2010 I had passed first go all university exams and all CAP1 and CAP2.

I sat FAE 2010 and got 5 of 6 Core - failed Bus L. Passed tax elective.

Resat Core 2011 - failed Bus L and PM (so a step backwards)

Decided enough was enough. Waiting another whole year without repeats was the killer for me.

I looked at CPA v ACCA. Switched to CPA as had 4 exams to do v 6 with ACCA.
I had to do 1 P1 and 3 P2s. Got exempt from Tax P2 as passed the FAE elective.

I've sat two exams so far: P1 Corporate Laws & Governance in Apr 2012 (got 75%, closed book) and P2 Strategy & Leadership in Aug 2012 (got 65.5%, open book).

Sitting my last two P2 exams in Apr 2013.

To date I've found CPA way nicer to deal with and exams feel easier.

They even do e-learning now in GCD, so they record lectures and put them online, you can also go to the classes, and revision weekends are also there. I hate classes, so watching them at home at my leisure has been great.

Fingers crosses I'll bang out the last two - Audit & Corporate Reporting (both open book) in Apr 2013. If not, I've repeats in Aug so not too stressed.

To update: Got my last two exams today. Fully qualified

JAKE11

mydiscworld wrote: »

To update: Got my last two exams today. Fully qualified

I am genuinely delighted to hear this. In my mind there are people who will always succeed and some who will never be beaten.

I reckon the latter are the cream of the crop.

sandy60

Am absolutely delighted for u well done

JM_2009

I was in the same situation myself - failed the FAE on BL in 2010, achieved highly competent in everything else and nailed the elective. Didint want to risk failing something else in 2011 so moved to ACCA (6 exams to do). Got them all first time, didnt have to go to lectures as I had a lot of knowledge studying for the FAE.

With hindsight I wish I never wasted my time with ACA. I say enroll for the ACCA