FAE 2018

Tax was difficult enough. 90 minutes is not enough. Spent the first 20minutes reading it. Would really like to know what other thought of tax. Also came across that there was 4 indicators/Issues

OttoPilot

McGaggs wrote: »

I was the same: go for it with the lease break option and likely pull out after 10 years. No need for the notes for any of the questions.

Did anyone bring the ethics of the casino gambling machines into it? I didn't, but I have seen newspaper articles on the ethics of them...

Yeah the UK recently introduced restrictions on how much can be spent on them per hour or something to that effect. I recommended lobbying for harsher restrictions and promoting ourselves as an ethical, light-hearted bookies. It would also have the effect of hurting competition.

I also recommended keeping the shops open even if they're making a loss, as a form of marketing/getting the brand known. I believe Paddy power runs a lot of its brick and mortar shops like this, and there are increasing restrictions on gambling advertisements.

The one time being a massive gambler pays off!

pixie11123

I don't understand how you could suggest lobbying against yourself. Why not talk about the ethics of gambling as a whole not just gaming machines.

OttoPilot

pixie11123 wrote: »

I don't understand how you could suggest lobbying against yourself. Why not talk about the ethics of gambling as a whole not just gaming machines.

The case said you didn't use gambling machines therefore you wouldn't be lobbying against yourself. Paddypower has done similar in the past.

https://www.irishtimes.com/business/retail-and-services/paddy-power-betfair-calls-for-strict-control-of-betting-machines-in-uk-1.3235625?mode=amp

pixie11123

The case said JJ underperformed competitors on betting machine reveneue per shop.

Interesting they were against FOBTs only. I believe they still offer these games online with little stake restrictions.

OttoPilot

You're right, they do seem to use them but not as successfully as competitors, and they can't use them in Ireland where most of their shops are located, so I would think lobbying against them is a good move.

Hard to know what they offer online but you could make the argument that online betting patterns by customer could be tracked and cut-off if they believe someone is a problem gambler, whereas the machines take cash which is untraceable.

How does everyone feel about the whole marking changes this year and also the whole professional competence side of things and is there anyway to understand how much you know about it?

Is anyone else having trouble watching lectures I have tried 3 laptops on the usual internet explorer and get the same error message. Wasted an entire day planned to catch up as a result

ACAguy wrote: »

Is anyone else having trouble watching lectures I have tried 3 laptops on the usual internet explorer and get the same error message. Wasted an entire day planned to catch up as a result

Try Firefox it usually works.

I thought we were only able to watch them on Internet Explorer. How is your core work going?

I'm 90% sure I watched a few on Firefox. Thank my beautiful pink calculator I am not doing core. I failed the APM elective. I never want to see that big black box of books I had for core ever again.

Any advice on where I should be at with it now 4 months out with 2 months of study leave?

Just practising papers. The case study ones are a good starting place. Time yourself doing the paper and make a note of anything you struggled with. Once you have finished the paper (and taken a bit of a rest!) go back and mark it then look up any of the areas you were struggling with. Each lecturer has a diff approach on how to 'map' the indicators. I liked the one with the Coy no, my name, who I report to, date, internal/ external at the top then 4 boxes putting 1 indicators into each box then allocating my time and sticking to it.
Also make sure you have your folders really well organised. If you did CAP 2 you know how important that is.

As you probably realised from the AAFRP and the interim assessment you don't have very much time for looking stuff up.

Thanks for the above. My main issue is getting all of my folders organised again and what way to divide them up

Hi,
I'm tempted by these grind schools- does anyone have any experience of them? I really want to know are they worth it- not on a financial basis but on a time basis? They are two day courses and if I was going to enroll it would be on 2 modules which would be costing me 4 days study.
I live in Belfast- anyone know if theres anything similar in the north?

nhickey07

joey69 wrote: »

Hi,
I'm tempted by these grind schools- does anyone have any experience of them? I really want to know are they worth it- not on a financial basis but on a time basis? They are two day courses and if I was going to enroll it would be on 2 modules which would be costing me 4 days study.
I live in Belfast- anyone know if theres anything similar in the north?

I've gone to ACA Revisions for assessments, getting their notes was a big help but I'd like to know as well if the exam days are as beneficial?

I've signed up for the grind school this summer for the elective. I've only ever heard great things about them so I think it will be time well spent.

Joey.
Chartered Grind Schools are probably the most well know ones. Liam Doran is excellent for Financial Accounting Finance and Management Accounting. Dave O Donoghue is excellent for Audit. Sandra Gleeson is quite good for tax. I'm completely in the same boat with regards to time. To do all of them for FAE it is 13 days of study. 9 of which can be done on the weekends so wouldn't necessarily effect the Monday- Friday study.

What elective are you doing?

I am doing tax NI- which I would be relatively confident of passing so would not be going to the class even if available.
My weaker areas would be Financial and Management accounting, which I see you've noted as being excellently taught, so I will book them.
I was also thinking of doing Business Leadership- due to higher weighting.

I am doing Tax ROI. How do you find the elective I think NI is similar apart from rates etc. Do you work in tax?
Liam Doran is excellent so yes I would recommend that. The more classes you book they provide discounts. I am thinking of doing BL for the exact same reason as I think it hugely important.
How is your core work going?

I work in a small practice, so would get a lot of experience with tax. I did a lot of preparation for the interim, which covers 13/23 sessions for NI (core & elective), and the core past paper questions relative to them sessions didn't appear too daunting.
For core i've did very little other than attend class and keep file up to date. I don't really intend to do any additional work until June. Have you a date when you intend to start?
How do you know about the grind school- did you go to CAP2 sessions?

For the core do you just have 1 folder? I am just catching up on lectures at the moment also and just trying to get folders together. I go on study leave on June 28th. How long do you get off?
I have gone to them for the last couple of years and they saved me last year for SFMA and FR

No I will have 6 folders- 1 for each pillar. How will you be preparing? I've heard ones bringing in suitcases full of text books etc.
Not off until 11th July- block days ate into study leave.
Do the grind classes provide notes for the full module or just certain areas? What format is the class- is it a question and answer session just, where students ask about areas they are struggling with?

I have 6 folders also. I have been told the less you bring in the better people that do that dont use half of it.
I didnt go to the lectures on block days just the case studys.
Notes are provided for the majority of the module and they go through exam questions on everything

fishy_fishy

Anyone got an industries list for APM?

The J Stands for Jay

fishy_fishy wrote: »

Anyone got an industries list for APM?

What's an industries list?

fishy_fishy

Just like a list of different industries to make sure that your folder has key points about them in it and make sure your reading hasn't neglected it.

So like

Not for profit
Green energy
Marketing
Coffee chains
Hospitality/tourism
Automotive
Etc

tanit

fishy_fishy wrote: »

Just like a list of different industries to make sure that your folder has key points about them in it and make sure your reading hasn't neglected it.

So like

Not for profit
Green energy
Marketing
Coffee chains
Hospitality/tourism
Automotive
Etc

Actually that might be quite interesting for most of the Core subjects.
Wouldn't it be better something more generic like:

Technology companies (subcategories of maybe cloud/software and hardware driven)
Financial Services
Consumer products/Retail (maybe categorised in luxury, essential items)
Transport/Automotive
Hospitality/Tourism
Not for profit
Service companies (subcategorised as businesses and consumers)
Medical/Pharmaceutical
Entertainment/News services