AtticusFinch86 wrote: » The toolkit is definitely harder than the past papers. Although the questions are quite technical in the exam itself, the toolkit questions are about 30-40% more difficult than the exams. There's no reason that, with the right prep, you can't bring a competent into the main exam. The key is to prepare well, practice papers and to keep calm on the day. Getting stressed will just cloud your mind and cause you to panic and make mistakes.
fishy_fishy wrote: » Thoughts? Seemed fair to me. Very PPE type standards heavy. Was glad to see the DB pension question on it, it's nice and straight forward. Would guess that most people will come away with a decent mark. Any idea when results are out?
Galwaygal01 wrote: » Didn't think the questions were the worst but timing was a huge problem for me. Always panic in these exams and made some very silly mistakes which is frustrating as I feel I put in a lot of work before this assessment but I think I'll be lucky to get 4/15% at this stage. Any idea how this will affect my overall mark? Is it still possible to pass FAE core with a really low mark in the AAFRP?
McGaggs wrote: » Very fair, and always great to see a DB question. For the question with the incentive payment for taking a lease, does anyone know how that should have been dealt with? I just netted it off the finance charge.
malistheman wrote: » I put the incentive payment to deferred income. I then subtracted the incentive from overall lease commitment for the 4 years and then divided by 4. That's what the charge to P&L should be in each year. So thats the full rent payment (€5k I think?) being debited and then offset by the release of 1 years worth of the deferred income to the P&L to give an amount of €4,250 for the year for rental expense in p&l. That could be completely wrong but thats what I did anyway!
dublinjen wrote: » This is the correct treatment
pixie11123 wrote: » Does anyone know when the results will be released? Paper was straightforward, no big issues.
McGaggs wrote: » And it being nonrefundable means of the lease is cancelled, then the deferred income balance is released to p&l. D'oh!
McGaggs wrote: » If anyone feels bad about needing up a question, just remember it doesn't actually matter. Assuming madness are assigned in the same proportion as the recommend time, section 2 carried the most marks. Getting no marks for one of those questions means you miss out on 1.725% overall
Mckay66 wrote: » Happy new year everyone! Now that the AAFRP is out of the way it's time to knuckle down again i guess! I've been having a look at the Core Tax Assignment that's due on the 11th January trying to get back in to the swing of things. Due to having to repeat some of the Cap 2's a number of times, it's actually been quite some time since I have looked at tax. I was hoping someone on here would be able to provide me with some useful guidance on how to approach this assignment. Any help at all to ensure I am on the right path would be greatly appreciated as i'm finding it a bit difficult to know where to start with it. I'm assuming there is more than one tax involved? Thanks.
Mckay66 wrote: » I was sent an email on the 15th December with a Core Tax ROI Assignment attached (Versatile Imaging Ltd). It's not a mandatory assignment but is there to help you with your studies and obtain feedback. It's due to be submitted on the 11 January. I'm doing the Galway FAE Distance not sure if this makes any difference?
fishy_fishy wrote: » I'm going to guess it's a distance thing. I've been on block release (Dublin) all week and nobody mentioned a thing about a tax assignment, but we were talking about cross marking workshop.
McGaggs wrote: » What did hey say about the cross marking workshop?
fishy_fishy wrote: » Need to have read the case ahead of time but no need to prepare anythinghttps://www.charteredaccountants.ie/docs/default-source/Students/201718/fae/subject-materials/sanctuary-hotels-question.pdf?sfvrsn=4
McGaggs wrote: » I'm getting a bit annoyed about the lack of communication in getting this year, and how bad the new website is.
Brownbread88 wrote: » Hi all, just a general inquiry on how people are approaching studying for the core! I’m hoping to take a slow and steady approach and hopefully chalk down a small amount every week from here until study leave (hopefully!!). Only problem is I have no idea where to start.... Are people taking it subject by subject and going through CAP2/CAP1(where applicable) material? Or is it best to go straight into some case studies? There’s some CAP1 stuff I haven’t seen since college, but feel it possibly might not be the best utilization of time going through this? Any advice or ideas other people have would be gladly welcomed! Thanks in advance
