FAE 2017

Lou88 · 26-08-2017 09:39PM

John.burke wrote: »

I'd imagine a discussion on termination payments would be required to achieve C.

I'm not sure was that required though as the SIM didn't ask how can he extract cash for his retirement..it specifically stated how can he get access to his pension fund.

John.burke · 26-08-2017 09:49PM

Lou88 wrote: »

I'm not sure was that required though as the SIM didn't ask how can he extract cash for his retirement..it specifically stated how can he get access to his pension fund.

Again, I agree, but at the same time there is an opportunity for the client to extract circa 30000 tax free today given the excess cash balance within the co.

Some of these issues were very grey and subject to interpretation so stated assumptions were key I think

mrduffy · 28-08-2017 12:02PM

AtticusFinch86 wrote: »

I sat the APM today. It was by far the hardest exam of the week. It examined financial services and the "disaster relief" charity sectors i.e. no traditional business. I spent 40 minutes at least on the NPV and still didn't get it finished even though I was working at a reasonable speed. I'm kicking myself about the "business case for Ireland" indicator as I gave what I would have thought was a strong response but I completely forgot to put in any drawbacks of selecting Ireland.

Other than that, I attempted everything and gave, for the most part, what I think were solid responses so it should get enough to get me over the bar. It was a very tricky exam though, probably as hard as anything I've come across in the past papers.

Thanks for the notes.

I spent a lot of time on Apm first sim. Then I had to rush sim 2. I did not get time to do different options in the end. Was not sure about calculation part. I came out of that exam crying

it was a Nightmare with all the parts to each question. I don't really know how to answer questions cause I only had time for 1 sentence conclusions if lucky for each indicator

BMW22 · 29-08-2017 03:45PM

I didn't get the pension indicator attempted only like 3 lines. Do you think that cause me to fail?
Did people talk about gift transfers during life and on death as he wasn't sure which was best way to go?

mrduffy · 31-08-2017 08:00PM

Hi I wish someone could tell me I failed now not in 8 weeks I believe I failed.

Thinking about the exam is giving me constant head ache

What is happening me. Why do I feel unwell

MrSzyslak · 31-08-2017 09:01PM

mrduffy wrote:

What is happening me. Why do I feel unwell

Need to chill out Dude. Really nothing you can do now. If not you'll 100% get them next time in January. There very difficult exams and sounds like you did your best and you will surprise yourself.

I was away on holidays an had some kind of acid put on my face and hands and mugged during an night out. Spend an night in hospital in Eastern Europe. No lasting damage thank god but very scary, really put things in perspective with the exams.

27th October will fly in, best of luck to everyone!!!

Daisymoo91 · 31-08-2017 09:05PM

Do you know what is the criteria for the january repeats?! Not everyone can repeat in January I heard?

jus_tin4 · 31-08-2017 09:39PM

Daisymoo91 wrote: »

Do you know what is the criteria for the january repeats?! Not everyone can repeat in January I heard?

If there was it would be pretty pointless having it as a repeat so id imagine this isn't true!

MrSzyslak · 31-08-2017 09:55PM

Daisymoo91 wrote:

Do you know what is the criteria for the january repeats?! Not everyone can repeat in January I heard?

There's guidelines giving, I seen a decision grid somewhere I can't place now but wouldn't imagine anything is set in stone you're paying at the end of the day and using one of your 3 attempts. You discuss it with your firm also to get the go ahead obviously.

Daisymoo91 · 31-08-2017 10:17PM

Ya I saw the grid ages ago went looking for it today and couldn't find it. Thought I was imagining it ðŸ™ˆ

Almostthere_17 · 01-09-2017 09:05AM

Congrats everyone who made it through the exam!!!!

QQ

Long story short; I failed last year and was due to repeat Aug 17. Due to personal reasons I had to defer.

I know you do not really want to talk about it - but is there definitely a sitting in Jan18?

I have looked on the website but cannot see it anywhere. Hoping someone can please help here before I email CAI myself.

What a long haul! This better be worth it in the end

I guess another option would be to try the APM route.

I hate audit - even though I work in audit. Audit all day come home to study more audit... is wrecking my life lol.

Any feedback on APM?

BMW22 · 01-09-2017 09:50AM

I assume there is repeats in January 2018 but one thing to consider if there's not a lot of people sitting them, it may affect pass rates. I repeated in Jan 17 for the elective and failed again! Got 1 in sufficiency each time. This is 3rd time lucky for me...fingers crossed

Almostthere_17 · 01-09-2017 09:52AM

BMW22 wrote: »

I assume there is repeats in January 2018 but one thing to consider if there's not a lot of people sitting them, it may affect pass rates. I repeated in Jan 17 for the elective and failed again! Got 1 in sufficiency each time. This is 3rd time lucky for me...fingers crossed

Fair point..... might be best to wait until next year.

I failed 3 times..... so i'm hoping 4th time i'll get it.

Hence the dilemma about APM.

mrduffy · 01-09-2017 11:45AM

MrSzyslak wrote: »

Need to chill out Dude. Really nothing you can do now. If not you'll 100% get them next time in January. There very difficult exams and sounds like you did your best and you will surprise yourself.

I was away on holidays an had some kind of acid put on my face and hands and mugged during an night out. Spend an night in hospital in Eastern Europe. No lasting damage thank god but very scary, really put things in perspective with the exams.

27th October will fly in, best of luck to everyone!!!

HI I am sorry to hear about your bad experience on holidays . But I am more stressed now after the exam. I don't know why. well 57 days to go

Apm again · 02-09-2017 09:18AM

Was there any difficulty getting a 4th attempt? Last Friday was my 3rd attempt.

mrduffy · 04-09-2017 12:06PM

When does the cassi report come out?

jus_tin4 · 04-09-2017 08:52PM

Lyra Fangs wrote: »

There are criteria for January repeats, unfortunately not everyone who fails in Aug will get to sit the exams again in Jan 18. You have to be within a certain threshold to repeat.

How do you know this? I have searched the whole website and i can't seem to find anything about repeats really other than they exist and that recommend one day leave

BMW22 · 05-09-2017 09:18AM

I repeated in January 2017, its not criteria its guidance to help students decide whether they should repeat or not.
From what I can remember its like a chart bringing you to a YES/NO Scenario - should I repeat?

Like how many of the super six you failed - if more than one, you might not consider repeating it?
Was it core and elective or one/the other? - i.e. both exams might be a challenge to repeat with so little time between results and repeats.
did you think you were honestly prepared for it or not? i.e. would you have enough time between results and January to be confident of passing the next time?

Lyra Fangs · 05-09-2017 10:47PM

BMW22 wrote: »

I repeated in January 2017, its not criteria its guidance to help students decide whether they should repeat or not.
From what I can remember its like a chart bringing you to a YES/NO Scenario - should I repeat?

Like how many of the super six you failed - if more than one, you might not consider repeating it?
Was it core and elective or one/the other? - i.e. both exams might be a challenge to repeat with so little time between results and repeats.
did you think you were honestly prepared for it or not? i.e. would you have enough time between results and January to be confident of passing the next time?

Someone I know who was in the position to repeat said there was a threshold to be allowed to resit. I've also heard about this threshold from a number of other people. Maybe they misinterpreted the guidance you are referring to?

I'm going to take what you say as the actual truth, which is a massive relief. The idea of having to wait till next Autumn because I didn't meet the criteria was daunting.

BMW22 · 06-09-2017 08:22AM

Have you asked chartered about it? I'm just speaking from my experience unless anything has changed. It might be best to email and get an official answer from them just to make sure and put your mind at ease

mrduffy · 06-09-2017 08:37AM

Please can someone who done Apm tell me if we had to do a non financial analysis and a npv for npv indicator in sim 2 npv indicator.

Lyra Fangs · 06-09-2017 10:06PM

BMW22 wrote: »

Have you asked chartered about it? I'm just speaking from my experience unless anything has changed. It might be best to email and get an official answer from them just to make sure and put your mind at ease

That's probably the best plan of action; get the info straight from the source

I'll post an update once/if I get a response!

mrduffy · 07-09-2017 09:47PM

What did people do for transfer pricing in Apm? All I done was the 3 pricing models. I did not know what to do and I still don't

jus_tin4 · 08-09-2017 09:33PM

mrduffy wrote: »

What did people do for transfer pricing in Apm? All I done was the 3 pricing models. I did not know what to do and I still don't

Cant fully remember what i did but yeah i did something on those lines!

AtticusFinch86 · 09-09-2017 12:11AM

mrduffy wrote: »

What did people do for transfer pricing in Apm? All I done was the 3 pricing models. I did not know what to do and I still don't

Can't remember the details of the question but I don't think I mentioned the "traditional" transfer pricing approaches (cost based, market price, negotiation, etc.). It was a service industry so I didn't think they were as relevant. I focused more on a "management charge" approach to shifting the profits.

From what I gather though, most people looked at the traditional transfer pricing approaches so I could be way off the mark.

Humour Me · 11-09-2017 07:17PM

The Cassi report is available, it mentions most of the issues that I would have raised, hopefully the institute takes it into account.
http://http://www.cassi.ie/wp/education/fae/

mrduffy · 22-09-2017 02:49PM

Feel like throwing up after receiving FAE letter this morning. I got the shakes after reading the email.

mrduffy · 22-09-2017 02:50PM

God help me. It is not too long to hell

tanit · 22-09-2017 05:23PM

mrduffy wrote: »

Feel like throwing up after receiving FAE letter this morning. I got the shakes after reading the email.

The results can't be out yet. What kind of letter did you get?

mrduffy · 22-09-2017 05:56PM

Sorry it was email. Making sure the address is correct for the result letter

FAE 2017

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