FAE 2017

Could anyone advise me how to go about revising for BL...there is so much material and I am completely lost...please help!!!!!

peanutgirl wrote: »

Could anyone advise me how to go about revising for BL...there is so much material and I am completely lost...please help!!!!!

Have a template (hodgeons 3 stage process) for tackling ethical issues (especially for general ethical questions)
Broadly know the 5 sections of Corporate Governance and draw up a list of "features of strong corporate governance
Be able to analyse internal and external environment of company (PESTLE, SWOT, 5 FORCES, 9 M's --> are all useful for this)
Be able to select and explain appropriate KPIs. It's useful to create a list of main KPIs
Be able to evaluate and rank strategies
Understand the impact of strategy on marketing, HR, IT
Broadly know importance of IT systems and features of strong IT systems


That should cover most of what you'll need I would have thought. I've looked at all case studies we've been given to date and I'd say if you knew the above, you'd be well covered for 90% of questions in BL, maybe more.

peanutgirl wrote: »

That's brilliant...thano you for the advise ��

This might be of use, or no use. I've attached my own summarized BL notes that I'll be using in the run up to and during the exams. At the very least, you might find the KPI & Features of strong IT list useful to bring in to the exams. They are regular exam patrons

I think they should cover pretty much everything you're likely to get asked about for BL.

I've similar notes for the other areas if the attached are helpful

Wow those are unreal! Do u have similar for audit?

AtticusFinch, top man :cool:

Does anyone have something similar to Sean for NI tax?

Go to the PEC and FAE Board reports on the website, the FAE Board reports going back to 2010 contain the full exam papers and solutions.

Catherine3006 wrote: »

Can I just double check that I'm not missing something.. Construction contracts aren't examinable this year, is that right? Can't see IAS11 or IFRS15 on the comp statement...

Correct, we got an email from the institute on the 27 June to confirm they are not examinable.

How is the study going for everyone? Any study discipline I had seems to be going out the window

jbeador wrote: »

Has anyone got access to past papers pre 2015? Most cases seem quite different than actual past papers!

Don't bother with papers pre-2015. The syllabus had a big change 2015 and it's not very time effective to look at earlier papers. A lot of the stuff is still relevant but a lot of it is not. (BL changed, Tax obviously has changed, etc.)

Look at the 2015, 2016, 2017 papers and mocks

Look at the Steps cases & Integrated Case Day cases

Also look at the "cross marking" papers and City Centre Convention cases

They'd all be a far better use of your time

Don't know if this is of any use to anyone but I've gone through all the cases we were given (steps, cross-marking, ICD, etc.) and tried to summarise the solutions. As you can see, the summarising part wasn't overly successful (the solutions are a bit wordier than I'd have liked) but what I ended up with is a relatively short, easy to read solution for each case the can be easily edited for your own purposes.

This, the other notes I posted and a few of other bits and bobs will be my only study tools when I finally get my study leave in 10 days.

For anyone doing the Audit Elective, are you just using the Elective notes when going through the Core papers? My Elective notes are vastly better than Core (in terms of annotations from class etc.), but I'm afraid elective will be too detailed and I'll end up going off on a tangent if I use those notes in the Core papers.

Humour Me wrote: »

Go to the PEC and FAE Board reports on the website, the FAE Board reports going back to 2010 contain the full exam papers and solutions.

Thanks very much.

Good luck with the study everyone.

Jsmac67 wrote: »

How are people approaching tax? Struggling to find myself doing much for it given there are effectively no numerical computations usually asked bar basic loss Releif stuff....

Probably my weakest area, I went through the book after the mocks. Think I need to redo the question pack and then just concentrate on whatever comes up in case studies in the last two weeks.