FAE 2017

s15r330 · 27-10-2017 09:37AM

Daisymoo91 wrote: »

Lads does anyone know what the pay increase is? can't find it on chartered website.

Its not dictated by chartered

Humour Me · 27-10-2017 10:14AM

Chartered recommend a minimum increase, its under the information for training firms in the website somewhere.

myshirt · 27-10-2017 10:59AM

Humour Me wrote: »

Chartered recommend a minimum increase, its under the information for training firms in the website somewhere.

It's about 5k.

So you are supposed to start at minimum wage, plus c. 2k for Cap1, another 3 for Cap2, and 5 for fae. All in you shouldn't be on less than 30 post fae.

Now that the recession is over, most are above that anyway, so these guidelines do not really matter. Newly qualified is on about 50k once admitted and on the roll. Few recruiters frequent these parts so they will give you a guide.

Kitten C 92 · 27-10-2017 11:23AM

Suz711 wrote: »

@atticusFinch86
Just off the phone with Chartered and the report should be up before 10am

Any sign of this yet guys?

Deilginis_1 · 27-10-2017 11:25AM

Statistics

https://www.charteredaccountants.ie/docs/default-source/dept-exams/fae-2017-statistics-with-comparatives.pdf?sfvrsn=4

Board Report

https://www.charteredaccountants.ie/docs/default-source/dept-exams/faec-2017-report-for-publication.pdf?sfvrsn=4

Kitten C 92 · 27-10-2017 11:27AM

Deilginis_1 wrote: »

Statistics

Board Report

Cool thank you! Is there a posting of top 10 placements?

jus_tin4 · 27-10-2017 11:55AM

can anyone send on there APM notes? Only just failed so overall happy enough! Now to do the resit

jus_tin4 · 27-10-2017 12:09PM

Seems like a high amount failed elective over core? Strange i would have thought?

s15r330 · 27-10-2017 01:29PM

jus_tin4 wrote: »

Seems like a high amount failed elective over core? Strange i would have thought?

About 35ish in my trainee intake, all passed except for 8 of us, and we all failed the elective

BIGKID2 · 27-10-2017 04:46PM

Atticus thank you for all your notes over the summer, i used them all in my core exams and was delighted to have passed core and elective. Really appreciate it, they were of great standard, and to be honest I hardly needed any other notes except yours. Thanks again. Will shake your hand if we ever meet

BIGKID2 · 27-10-2017 04:47PM

MrSzyslak wrote: »

I passed! Got a decile of 2 for core and 1 for elective does that mean I barely passed? Delighted regardless ha

You did extremely well

AtticusFinch86 · 27-10-2017 06:26PM

BIGKID2 wrote: »

Atticus thank you for all your notes over the summer, i used them all in my core exams and was delighted to have passed core and elective. Really appreciate it, they were of great standard, and to be honest I hardly needed any other notes except yours. Thanks again. Will shake your hand if we ever meet

I am genuinely thrilled you got use out of them. That's thanks enough for me. You are extremely welcome.

MrSzyslak · 28-10-2017 12:34AM

AtticusFinch86 wrote:

I am genuinely thrilled you got use out of them. That's thanks enough for me. You are extremely welcome.

Dude you'd give chartered grinds a run for their money haha maybe you should start some kind of service, you're obviously passionate about helping others out :-D anyway big thanks from me too man.

20 Times 20 Times · 28-10-2017 07:34AM

94% pass rate for core !!! Hah what a load of crap I think my rate in year I passed was 65% approx

s15r330 · 28-10-2017 09:07AM

20 Times 20 Times wrote: »

94% pass rate for core !!! Hah what a load of crap I think my rate in year I passed was 65% approx

As I said earlier, 35 people in my group and all passed the core, 8 failed elective.
So 94% is realistic.

Paulacc · 28-10-2017 09:13AM

I was hoping the letter would give more information on how exactly we did in each subject. Will we ever be given the number of Cs, BCs and NCs we got in each subject?

JimmyJamer12 · 28-10-2017 09:14AM

20 Times 20 Times wrote: »

94% pass rate for core !!! Hah what a load of crap I think my rate in year I passed was 65% approx

The pass rate for my elective was the second lowest it's been since FAEs started in 2010.. a load of my friends didn't get their exams as a result and a lot of people on this message board didn't them either. we didn't set the pass rate, the institute does, so instead of going out of your way sh*tting on everyone else's parade, only in an attempt to make yourself feel better, how's about you strap yourself in, wish everyone who got their exams a big congratulations and everyone who didn't the best of luck with their repeats..

P.S. I hope Deli Alli rips Phil Jones a new one later today

m1ck007 · 29-10-2017 01:36PM

94% pass rate because there is a shortage of CA's. Takes away the prestige.

AtticusFinch86 · 29-10-2017 02:20PM

Personally I'd prefer the pass rate was much lower. You wouldn't even see that level of pass rate in first year college exams. I know there's pressure from accountancy firms to churn out more accountants but it also means lower pay and less prestige for those that do qualify.

shuyin1 · 29-10-2017 03:11PM

What the high pass rates means is a crap tonne of newly qualified CA will be out of contract come next oct or the following april all competing for the same jobs. It'll be the same for practice, think you'll be all promoted to AM.

Very low pass rates is nonsense as the group as a whole is very intelligent, but to have 90%+ pass rates will reflect poorly purely from a employers mind share point of view It's in everyone interests to keep the level of difficulty up to a certain standard, as colleges have faced the same problems with the level of 1st class honours creeping up through the years.

MrSzyslak · 29-10-2017 03:39PM

Ye are both right - does it make any difference what score you actually got i.e. your decile rating. Like if you got H.C overall, it doesn't even give you that on the result, do we get a transcript at any stage?

BIGKID2 · 29-10-2017 10:43PM

still cant believe we did it, such a good feeling

Klegs · 30-10-2017 12:52PM

Firstly, congratulations to all of ye who passed! I am extremely jealous.

I failed both unfortunately. Decile 9 Sufficiency 0 in Core. I did not get the Business leadership module.

To be honest, I made a complete mess of the comprehensive paper from a BL perspective. If I recall correctly I misidentified the independence threats business leadership indicator as an audit indicator and my answer was not good. I suspect I got a NC or worse in this indicator and wouldn't complain if that was the case. Further, I did not even attempt the PESTEL indicator as I ran out of time.

However, I feel I made reasonable attempts at both Business Leadership indicators (SWOT analysis & business plan) on the sims papers and felt like I had a good chance of getting C's in both. On this basis, I am thinking of appealing for a recheck.

Has anyone got any opinions on the above? Am I wasting my time? Does the fact that I didn't attempt 1 BL indicator and made an extremely poor attempt at the other BL indicator in the comp paper impact the way in which a corrector will mark my other BL answers? Am I punished for rubbish attempts at 2 indicators?

What it boils down to in my head is that I needed to get 2 c's out of the 4 BL indicators given. Notwithstanding my poor attempts in comprehensive paper, I feel I gave sufficiently detailed answers applicable to the facts of the case studies in the SWOT and business plan indicators to get a C in both and therefore I should not have failed FAE Core. Any views would be greatly appreciated.

CIARAN_BOYLE · 30-10-2017 01:27PM

Klegs wrote: »

Firstly, congratulations to all of ye who passed! I am extremely jealous.

I failed both unfortunately. Decile 9 Sufficiency 0 in Core. I did not get the Business leadership module.

To be honest, I made a complete mess of the comprehensive paper from a BL perspective. If I recall correctly I misidentified the independence threats business leadership indicator as an audit indicator and my answer was not good. I suspect I got a NC or worse in this indicator and wouldn't complain if that was the case. Further, I did not even attempt the PESTEL indicator as I ran out of time.

However, I feel I made reasonable attempts at both Business Leadership indicators (SWOT analysis & business plan) on the sims papers and felt like I had a good chance of getting C's in both. On this basis, I am thinking of appealing for a recheck.

Has anyone got any opinions on the above? Am I wasting my time? Does the fact that I didn't attempt 1 BL indicator and made an extremely poor attempt at the other BL indicator in the comp paper impact the way in which a corrector will mark my other BL answers? Am I punished for rubbish attempts at 2 indicators?

What it boils down to in my head is that I needed to get 2 c's out of the 4 BL indicators given. Notwithstanding my poor attempts in comprehensive paper, I feel I gave sufficiently detailed answers applicable to the facts of the case studies in the SWOT and business plan indicators to get a C in both and therefore I should not have failed FAE Core. Any views would be greatly appreciated.

If you think you got 2 competants you can try an appeal.

I've heard people say what you said about being punished before for bad indicators. I've also heard of people who felt that they got a competants and three basic competants who felt that they were bumped up to competant in one of the basic competants because they didnt do badly on the other indicators in the subject.

BIGKID2 · 31-10-2017 02:22AM

appeal it

Johnny236 · 31-10-2017 07:47AM

I would appeal it also. But to gain a c answer you need to state a conclusion and if you did that you should definately appeal. I’m only saying this because I think cai will use that as leverage.

I had the same worry about my paper also but if u think ur unfairly done by, I would definately appeal. You have nothing to lose buddy

Klegs · 31-10-2017 09:12AM

Johnny236 wrote: »

I would appeal it also. But to gain a c answer you need to state a conclusion and if you did that you should definately appeal. I’m only saying this because I think cai will use that as leverage.

I had the same worry about my paper also but if u think ur unfairly done by, I would definately appeal. You have nothing to lose buddy

Yeah the conclusion could be the tricky part. I cannot recall if I did a conclusion for either indicator. Like you say, I have nothing to lose so i will give it a go.

Willoflood · 31-10-2017 11:57AM

Is there a difference between a recheck and an appeal?

I got a sufficiency of 2 in the elective. Probably a bit optimistic to appeal

D.92 · 31-10-2017 04:21PM

Willoflood wrote: »

Is there a difference between a recheck and an appeal?

I got a sufficiency of 2 in the elective. Probably a bit optimistic to appeal

wondering the same got 2 aswell...anyone have any thoughts??

BIGKID2 · 01-11-2017 10:35AM

just get the head down and u will be fine next time around, what elective u doing? i really would advise anyone doing a repeat at xmas to use the wonderful material atticus finch provided over the summer. know that back to front and you cant fail

FAE 2017

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