FAE 2016

ACA2015

Presupposing a bit as I'll likely be repeating CAP 2s but email out today, new exam regulations including a repeat sitting in the first week of January every year if you "marginally" fail (which sounds pretty open ended tbh, I guess they just want to close it off to first timers).

Also the first sitting is being moved forward by 2 weeks to mid August with a rest day now incorporated. One case study dropped from the final exams, basically becoming an interim assessment which will be one indicator. Key points;

- First lecture October 10th 2015
- AAFRP - December 12th 2015
- Interim Assesment - April 23rd 2016
- FAE finals to be sat August 16th 2016
- Repeats - January 2017
- Students sitting the FAE education programme will be required to meet specified course completion criteria in order to be allowed to sit the FAE examination. This regulation makes attendance at 7 Integrated Case Study Workshops mandatory
- Change to CAP2 re-sit study leave: The new regulations remove an entitlement to study leave for students sitting the re-sit CAP2 education programme
- FAE distance programme is starting

Those sitting this year must be pretty annoyed, these are some nice changes.

jus_tin4

ACA2015 wrote: »

- Students sitting the FAE education programme will be required to meet specified course completion criteria in order to be allowed to sit the FAE examination. This regulation makes attendance at 7 Integrated Case Study Workshops mandatory

whats this in relations to? what criteria?

ACA2015

To be further outlined in the competency statement when that comes out I think

Bubbaclaus

Any sighting of the pre chrstmas timetable? They said it would've been released by now but I see nothing.

Uncle Mclovin

So when is everybody starting the study? Dreading the thought of it myself.

Whoisin thehouse

Are you doing any study for the AAFRP in December?

Uncle Mclovin

Hopefully. That's the plan anyway. Doesn't always work out like that though. What about you?

MiniB14

Hi All, just wondering if anyone has access to student centre yet with the messages, materials etc?

d.m.b1990

Anyone know where the lecture tomorrow is on?? Is the the RCSI on Stephens Green?

Obrieski

MiniB14 wrote: »

Hi All, just wondering if anyone has access to student centre yet with the messages, materials etc?

On the student homepage where you log in, there is a link to FAE timetables and notes. That's where I printed mine anyway

collegeme

d.m.b1990 wrote: »

Anyone know where the lecture tomorrow is on?? Is the the RCSI on Stephens Green?

I presume you found it today? Decent informative session!

d.m.b1990

collegeme wrote: »

I presume you found it today? Decent informative session!

I did surely. Found it good. Heard very mixed reports on the lectures in general but I think I'll stick with them rather than regret it down the line. Handy for the bit of discipline too if you keep up with the required reading and that.

collegeme

d.m.b1990 wrote: »

I did surely. Found it good. Heard very mixed reports on the lectures in general but I think I'll stick with them rather than regret it down the line. Handy for the bit of discipline too if you keep up with the required reading and that.

Oh yes definitely worth attending. Today was actually great too I thought. I need to brush up on my tax skills but thought today was a great starting point.

d.m.b1990

collegeme wrote: »

Oh yes definitely work attending. Today was actually great too I thought. I need to brush up on my tax skills but thought today was a great starting point.

When it finished I was thinking, "all I learned today was how little I know about
Tax!!"

Definitely going to stick with them though. Still waiting on a CAP 2 result so no books yet. Don't think there's been any real changes to the exemptions gone through today so last years book will probs be okay for doing a bit of brushing up.

Klegs

Hello all,

I have read the FAE explained document this evening. Between that and the introductory lecture in rcsi last weekend they seem to be really driving home the formulation of peer groups.

I sat the cap2 course last year on the distance program but have decided to revert to the traditional delivery method this year. I am keen to either set up a peer group or join a peer group if possible. I am the only one at my firm sitting faes this year.

If anyone is interested in setting up a group with me or taking me into their group just send me a message on this and we'll sort something out. Ideally meet next week to get stuck into aafrp studies. Work based Dublin City centre living in Dublin City centre.

Thanks.

connect1988

Hi

I was wondering if anyone had solutions to yesterdays AAFRP workshop questions? I unfortunately couldnt attend but have been attempting the questions today. Are they on the website at all?

Thanks

yourhero

Just offering my notes from this year. I threw out a lot but held onto my main folders. They're messy as anything but the structure might be useful for someone this year. Also have APM notes. I'm in Swords myself so probably suits someone living nearby.

TitianGerm

yourhero wrote: »

Just offering my notes from this year. I threw out a lot but held onto my main folders. They're messy as anything but the structure might be useful for someone this year. Also have APM notes. I'm in Swords myself so probably suits someone living nearby.

I'd be interested in these. I'm from Wexford but could be in Dublin on Saturday. I could arrange to collect ?

ACA2015

Is this the first year they've held the AAFRP in Swords for Dublin students? I'm hoping they're not getting any ideas for moving all the summer papers to there, hopefully it's just down to RDS availability with the change in the date of the exam...

Hickey 91

Hi,

I was wondering if anyone had a good set of financial statements that they could share for the disclosure section in the AAFRP exam?

Any help would be greatly appreciated!

Best of luck to everyone in the exam next week

Squareball2010

It was recommended in the AAFRP workshop days to have a copy of a Plcs FS such as CRH or Kerry group for disclosures. What I'm using is the Deloitte illustrative financial statements though and I know a lot of ppl last year found it useful too! Can find it at this link http://www2.deloitte.com/content/dam/Deloitte/sg/Documents/audit/sg-aud-illustrative-financial-report-2014.pdf

- a few disclosures from the April 2015 paper were almost word for word from this (eg subsidiary/assets held for sale think it was).

Hickey 91 wrote: »

Hi,

I was wondering if anyone had a good set of financial statements that they could share for the disclosure section in the AAFRP exam?

Any help would be greatly appreciated!

Best of luck to everyone in the exam next week

MillieMollie

Can anyone post a FAE Core Timetable (or pm) please!! Also the Tax Elective timetable.

collegeme

The revision lecture was supposed to uploaded online but I can't find it at all. Had sick kiddies so couldn't attend

Obrieski

Besta luck tomorrow all!

Not the end of the world if it doesn't go well...heard a lot of people who did poorly and still went on to pass!

ACA2015

Thought it was a grand paper. I'd be disappointed to not get a C in it but sure we'll see. The CAP 2s being not so long ago was a big help for those not coming through on a year off after their Masters, rather than waiting until April.

I was cursing them for piling on the pressure early on in the year but it's nice to be fair to have something done and dusted before Christmas.

superb choice of username

Does anyone have any idea of the results date?? Can't see any reference to it anywhere (aafrp exam)

superb choice of username

Ahh - notice went up today, "Friday 19th February 2016" is results day....

Wing Back

I don’t think anyone can give out much about the paper itself either to be honest. I thought it was pretty tough time wise myself but probably a fair paper overall.

However the organisation surrounding the exam was a shambles. I was lucky enough to be in a car but we were waiting to get in through the entrance on Kettle Lane for ages and there were a load of people that seemed to have gotten the bus. The poor sods had to walk through floods and stand in the spills of rain. They were getting soaked. No idea how they managed to get down around to the other entrance as it was miles away to walk around. One guy I was sitting across from was really annoyed as he had his notes soaked from the rain. Not really fair for those students to be honest as the venue was actually in the middle of nowhere and was pretty inaccessible if you didn’t have a car or a lift. Id imagine the institute will have a few questions to answer on this.

shuyin1

CAI finally coughed up and explained how the lighting system works with clear examples of pass/fails. See here, eg FR CCC RC NA = yellow, CC RcRc NA=red. This is esp important when you sit core comp paper, if you missed 1 FR indicator in day 1 you better focus on nailing the remaining ind in the core sims. Read this document!

iluvfatfrogs

shuyin1 wrote: »

CAI finally coughed up and explained how the lighting system works with clear examples of pass/fails. See here, eg FR CCC RC NA = yellow, CC RcRc NA=red. This is esp important when you sit core comp paper, if you missed 1 FR indicator in day 1 you better focus on nailing the remaining ind in the core sims. Read this document!

Still can't understand why people are still obsessed with the 'lighting system' - it means nothing.
Just read pages 1-9 of the above and forget about the rest!

All you need is the required amount of C's / RC's in specific subjects and the required amount of points!

Green / Yellow / Red means nothing!!

shuyin1

iluvfatfrogs wrote: »

Still can't understand why people are still obsessed with the 'lighting system' - it means nothing.
Just read pages 1-9 of the above and forget about the rest!

All you need is the required amount of C's / RC's in specific subjects and the required amount of points!

Green / Yellow / Red means nothing!!

It's not an obsession, it's the marking system and the key is not the colours but the underlying C's and RC's. It's silly to imply it means nothing, it's the difference of a pass and a fail.
In a perfect world everyone get's c's in fr,bl and rc's in the rest but unfortunately it doesn't work that way.
Look at the difference for a pass or fail for FR, it's one rc to c. The colours is besides the point, it's a visual rep of pass,marginal pass,fail.