APM FAE 2013

Dmac_Aca12 · 09-08-2013 11:56PM

The main points to take from her were the real need to have very complete sentences outlining exactly what u mean stating the very obvious! Was surprised at need for real accuracy in numbers also . but guess it is an accountancy exam.

Dmac_Aca12 · 10-08-2013 12:00AM

How are people getting access to SFMA paper s ?? Can anyone put some up ??

Also I was thinking it would be great to have like a summary sheet with like 5-10 points about business in specific countries ! If anyone wants to split the countries take a few each and then we can upload them might save us all some time .

Mark1916 · 10-08-2013 12:07AM

Dmac_Aca12 wrote: »

How are people getting access to SFMA paper s ?? Can anyone put some up ??

Also I was thinking it would be great to have like a summary sheet with like 5-10 points about business in specific countries ! If anyone wants to split the countries take a few each and then we can upload them might save us all some time .

Ya ill upload some SFMA papers tomorrow morning! Think there is a country summery in the green book?? I don't mind I'm willing to give a hand with anything! I also have a list of business stories ill share too just stuff like the superquinn takeover, eu ruling on Ryanairs takeover of aer lingus etc

Stabshauptmann · 10-08-2013 05:35PM

2012 APM paper - Redbarn breweries Question (SIM II).

The solution for the NPV of the licensing option discounts the cash flows, then charges tax.
Surely that is incorrect, why wouldnt the time value of money apply to the tax payments too?

MoMo1987 · 10-08-2013 06:13PM

Stabshauptmann wrote: »

2012 APM paper - Redbarn breweries Question (SIM II).

The solution for the NPV of the licensing option discounts the cash flows, then charges tax.
Surely that is incorrect, why wouldnt the time value of money apply to the tax payments too?

Haven't done Redbarn yet but that must be a mistake - tax is charged before discounting in every other question I have attempted so fair!

Think it's time we all pitched together and try to our best to get passed this exam.

Realistically I can only be spend about 4 days on APM before the exam!!

Dear god I hate the FAE

foraca28 · 10-08-2013 06:32PM

MoMo1987 wrote: »

Haven't done Redbarn yet but that must be a mistake - tax is charged before discounting in every other question I have attempted so fair!

Think it's time we all pitched together and try to our best to get passed this exam.

Realistically I can only be spend about 4 days on APM before the exam!!

Dear god I hate the FAE

I know the feeling. I feel like i have abandoned this subject!

myshirt · 10-08-2013 07:31PM

foraca28 wrote: »

I know the feeling. I feel like i have abandoned this subject!

+1

There is so much in core.

There are some guys on this thread who are doing APM only and will have covered the course more extensively.

Can those guys please, please offer some advice?

Stabshauptmann · 10-08-2013 08:08PM

myshirt wrote: »

+1

There is so much in core.

There are some guys on this thread who are doing APM only and will have covered the course more extensively.

Can those guys please, please offer some advice?

I made the mistake last year of reading the book and watching lectures. Screw that. Question question question

Surely it's advice from ppl who passed you need. ..

Tricky1979 · 10-08-2013 08:25PM

hi ppl -

plustherma q.

why is the working capital of 25m only entered in the NPV calc in 2010 (25) and and in 2016 - 25 recovered?

the q. says that working capital of 25m would be required for the duration of the project.

thks

i

myshirt · 10-08-2013 08:25PM

Stabshauptmann wrote: »

Surely it's advice from ppl who passed you need. ..

Even better yes.

foraca28 · 10-08-2013 08:37PM

myshirt wrote: »

+1

There is so much in core.

There are some guys on this thread who are doing APM only and will have covered the course more extensively.

Can those guys please, please offer some advice?

totally agree core is crazy, you much done for this? im hopin to get the cases done and even then that is a struggle!!!

Tricky1979 · 10-08-2013 08:39PM

don't bother with plushtherma - error ridden!

Joke

MoMo1987 · 10-08-2013 09:00PM

The standard of questions supplied is terrible

Pack of jokers

Conaldo87 · 11-08-2013 01:02PM

Say we all in the same boat, totally focused on Core. Hopefully get through past papers and we might sneak over the line in APM.

Dmac_Aca12 · 11-08-2013 01:12PM

When people are trying the questions are they writing out full answers or just bullet point and then going through solutions.

What kinda hours are people putting in at this stage ??

foraca28 · 11-08-2013 01:12PM

just wondering anyone here doing the core and is weak on audit? just wonderin what you are doing? because theres so many doing the audit elective they are bound to pass core audit and i would not be surprised I be at the bottom of the pile but at the same time, my only resource time is very limited because i have alot ofstuff to get through since i only went on study leave from tuesday!

Dmac_Aca12 · 11-08-2013 01:15PM

You need very very little to get yellow on the core for audit . I would only focus on what u learn from cases that will get you through it .

foraca28 · 11-08-2013 01:18PM

are you sure? i have seen the cases and audit does not seem too bad but i thought it was tougher in CAP 2 and i just be afraid i go down on it if something like a systems question came up cos i was so bad at that area! core is killing me!!! roll on 4weeks regardless

Dmac_Aca12 · 11-08-2013 01:24PM

I know they say leave nothing out but with four weeks left ya have to go for cases ( going to the book when ur struggling ) . I honestly feel from reading the book you learn nothing for audit as its all case related procedure s etc.. But everyone is different ! Even or APM I started with studying the book and now started cases during the week and feel like I don't know anything and keep having to read the solutions

foraca28 · 11-08-2013 01:49PM

Dmac_Aca12 wrote: »

I know they say leave nothing out but with four weeks left ya have to go for cases ( going to the book when ur struggling ) . I honestly feel from reading the book you learn nothing for audit as its all case related procedure s etc.. But everyone is different ! Even or APM I started with studying the book and now started cases during the week and feel like I don't know anything and keep having to read the solutions

totally agree books are useless, exam papers and practice r de best, i know de feelin, i feel like i spend alot of time readin solns too:mad:

Dmac_Aca12 · 11-08-2013 01:54PM

With APM numbers I ll think I m doing great and read the solutions and they are totally different !! My NPV calc s seem to get so messy ;(

foraca28 · 11-08-2013 01:59PM

Dmac_Aca12 wrote: »

With APM numbers I ll think I m doing great and read the solutions and they are totally different !! My NPV calc s seem to get so messy ;(

dont worry if you answer is not exactly correct, if you are using the correct methodolgy you will get get competent, just ensure it is actual cashflow (i,e reduce depr) etc and ensure if needed to adjust fx rate year on year or just use the adjusted wacc and then convert! but once your doing that, they will give you competent

Dmac_Aca12 · 11-08-2013 02:08PM

In pitem - can anyone tell me where they got the 30000 as the aquisition cost or is this and assumption ?

What gearing % is considered too risky ? Also what would a good interest cover be ?

kb6536 · 11-08-2013 04:22PM

Dmac_Aca12 wrote: »

With APM numbers I ll think I m doing great and read the solutions and they are totally different !! My NPV calc s seem to get so messy ;(

I'm the same, I thought the mock went quite well until I saw the negative comments, total knock to confidence. Going through the book seems fine, especially when so many areas relate to core subjects. But when I get to questions I get lost all over again

Dmac_Aca12 · 11-08-2013 04:30PM

I think the comments for the mock were particularly mean an unhelpful ... say they will be marked a lot easier for real thing ! I d say just use ur decile and sufficiency ranking as ur guide from this.

I m only doing the elective this year I passed core last year and changed from audit elective to APM but I'm really struggling becoz I don't have the core. I think they defo cross over so much and with out it some areas are incomplete really ...

kb6536 · 11-08-2013 08:11PM

Suppose that's true, I was really confused when I saw how negative the comments were and my sufficiency grouping was 4. My sufficiency group for Core was 7, but the examiner said I was on the right track! Didn't know what to think after this

They really do cross over a lot, which I thought would be helpful, but the approach for APM seems completely different...suppose we're looking at the questions in a different context.

Only three weeks to go!

Dmac_Aca12 · 11-08-2013 08:16PM

Ya I really would nt read into it. I was freaking too when first read her comments but think say 70% pass then up to decile 7 passes so if we can mange decile 4 we ll be grand !

Ya in one way ya want more time but in another just want it over. I focused too much on core last year and it really is a killer failing the elective n having to do another year so try not to totally neglect it like I did !

foraca28 · 11-08-2013 08:33PM

Dmac_Aca12 wrote: »

Ya I really would nt read into it. I was freaking too when first read her comments but think say 70% pass then up to decile 7 passes so if we can mange decile 4 we ll be grand !

Ya in one way ya want more time but in another just want it over. I focused too much on core last year and it really is a killer failing the elective n having to do another year so try not to totally neglect it like I did !

i know the feeling. cant wait to see the end of this, hopefully we get through, i am looking through the 2011 paper at the moment and I read the book but my memory is so bad, hopefully by the doing cases the stuff will stick. since your not doing core, any you doing additional work besides the cases?

I am hoping the cases will be enough!!!

Dmac_Aca12 · 11-08-2013 08:45PM

Well I hope to some old Fae n SFMA - maybe try to get some case studies of different countries . I think good summary notes are important. I'm not on study leave yet so it's hard enough with work . I ve gone though the book and only through 8 cases so far so defo no better than anyone doing the core but I guess I do have the next three weeks to just do all APM so fingeres crossed . One I have some summaries of industries done i ll put them up for u .

I think cases is defo what makes it stick that's all I done for core last year

foraca28 · 11-08-2013 08:50PM

Dmac_Aca12 wrote: »

Well I hope to some old Fae n SFMA - maybe try to get some case studies of different countries . I think good summary notes are important. I'm not on study leave yet so it's hard enough with work . I ve gone though the book and only through 8 cases so far so defo no better than anyone doing the core but I guess I do have the next three weeks to just do all APM so fingeres crossed . One I have some summaries of industries done i ll put them up for u .

I think cases is defo what makes it stick that's all I done for core last year

more cases than me any way:) ya it is easier to remember with cases!

APM FAE 2013

Comments