FAE 2017

15YemenRoad wrote: »

These were my main exam notes if they are any use.

They are just some of the best solutions from the case studies organised as per the comp statement. After I identified my indicators I found a roughly similar solution in the notes to base my answer off. Obviously your answer needs to be completely based on the facts from the current case, but I found that having these made it way easier and quicker to structure the answer and know how much to write for each indicator. Then if I didn't have any solutions that were in anyway similar to the indicator in the exam, I knew the indicator was probably fairly off the wall so I didn't feel too bad making up complete crap.

Thanks a lot for these :-)

I am really pushing it, but you hardly have one for tax?:D

My approach would be to do the FR indicators first as they could affect profit or raise audit or tax issues. After that I approach them in the order they appeared in the paper unless there is an indicator that I know I will have issues with and wil leave till last.

The feedback I got on the last Steps case said that I should do the indicators in order that they appear in the case study unless I have a good reason not to. I took that to mean that they should be in order unless there Indicator 5 would give me a good insight into Indicator 3, in which case I'd do the 5th indicator identified before the 3rd

AtticusFinch86 wrote: »

I just sat down and read the 2016 mock comp White Gold. 11 pages. 8 Appendices. Complex multinational structure. Unclear indicator direction. Fu*k off.

That made me lol

dakerrymo wrote: »

My god thank you, I'm here pulling my hair out trying to read it whilst trying to stay away from the draw of social media!! Waste of time??? Guess it's to 'start the cases' time for me.

Can I also ask? Can anyone answer a lot of these indicators without their notes? Or is it a case of spot the indicator, refer to notes, structure answer and then write??

For me its defo trying to find out what the hell the indicator is and look at the notes🙈 if a person can do it without looking at notes they deserve a medal😂🙈

AtticusFinch86 wrote: »

I should have some. See attached.

I've thrown in my APM notes too and a summary of all indicators asked in cases for both APM & FAE (except for anything post 2015)

I have to say Atticus, Your notes have been an absolute life saver to me! Thanks a Million for share. You deserve to pass just on your notes alone!!!

MrSzyslak wrote: »

Is there a book or something that would be good for cover on cap1 and 2 tax?

Not sure about books, but I've attached my notes from CAP1 and CAP2 (which helped me pass first time). Hopefully they will be of some help.

goroved wrote: »

Not sure about books, but I've attached my notes from CAP1 and CAP2 (which helped me pass first time). Hopefully they will be of some help.

Much appreciated, these are very well laid out, and will be a great refresher, must print them off and go through them.

You hardly have something similar for Cap2 audit?:o

My audit notes consist of a summary of auditing standard, two different audit programmes printed out and binded and a mish-mash of other hand outs, not ideal:(

I watched all Sean Murrays lectures few months ago and think I have a solid grasps of standards and other audit programmes, but my actual procedures, controls and covering assertions work is still letting me down. Only BC in the interim test too.

goroved wrote: »

I must admit, Audit was never my strongest subject :rolleyes: but I've attached my notes below.

Thanks again!

heretothere wrote: »

I would love to know what's coming up!! I think you're right marketing has come up a good bit. HR isn't that big, Paul Monaghan tipped IMP/ BIS to come up.

Whats IMP/BIs again?

information management process - business information systems. We got a thin enough book on it

Does anyone know where there are examples of questions that focus on IFRS 9?

Paulacc wrote: »

Does anyone know where there are examples of questions that focus on IFRS 9?

The FR notes we got at the start of the year have a few examples but other than that I don't recall coming accross it. (maybe for one of the case day cases?). I'm hoping it doesn't rear it's ugly head though as it's an area I'm very weak in, as I'm sure most students are

Jsmac67 wrote: »

If it was to pop up, it's at the apply level and would be examined at a very basic level I'd imagine.

Didn't realise! Glad to hear it.

I have just finished the January 2017 papers and have found them so much easier than the mock papers and integrated case days. The indicators were easily sign posted and to be honest a lot of very basic stuff coming up (with a few challenging components here and there) - hopefully they keep this up.

To be honest, I am not sure how prescriptive they are when it comes to the grey box. I'd like to think that if you answer had all the components of a good answer under ISA 500 without actually writing "ISA 500" that they would give you the benefit of the doubt. However if they wanted to be mean they could argue that the reference wasn't made and therefore give you Basic Competence....

To be on the safe side I'd try and get into the habit of referencing an ISA/Ethical Standard (or even IAS's) to hang your answer onto. At best, its going to bump you up into Competence, at worst it shows off extra knowledge and gives the marker the general feel that you know what you are talking about.

I got a really positive comment written in my mock script because I had written "The relevant standard here is IAS XX". Takes two seconds to write and it seems to put them in a good mood!