FAE 2018

CA1994 · 17-07-2018 02:30PM

Does anyone have any suggestions on how to study audit for the CORE? I'm working through CORE papers in the morning and then doing technical areas of each of the super six in the evening - are people just practicing Cap2 papers?

ACASlayer · 18-07-2018 08:29AM

CA1994 wrote: »

Does anyone have any suggestions on how to study audit for the CORE? I'm working through CORE papers in the morning and then doing technical areas of each of the super six in the evening - are people just practicing Cap2 papers?

Since we’re not sitting CAP 2, no. Don’t be doing CAP 2 papers. There’s more than enough FAE material to keep you going until August 28th.
For CORE Audit, it won’t be too technical. Just cover the basics and you’ll be fine. Know the standards just in case.

fishy_fishy · 18-07-2018 08:40AM

ACASlayer wrote: »

CA1994 wrote: »

Does anyone have any suggestions on how to study audit for the CORE? I'm working through CORE papers in the morning and then doing technical areas of each of the super six in the evening - are people just practicing Cap2 papers?

Since we’re not sitting CAP 2, no. Don’t be doing CAP 2 papers. There’s more than enough FAE material to keep you going until August 28th.
For CORE Audit, it won’t be too technical. Just cover the basics and you’ll be fine. Know the standards just in case.

To be fair, if you're particularly weak in certain areas the general advice has been to practice CAP2 papers. Not as your maim prep, like if you do a sim, cant do the company valuation, go study CV and practice some CAP2 papers on it

ACASlayer · 18-07-2018 08:50AM

fishy_fishy wrote: »

ACASlayer wrote: »

CA1994 wrote: »

Does anyone have any suggestions on how to study audit for the CORE? I'm working through CORE papers in the morning and then doing technical areas of each of the super six in the evening - are people just practicing Cap2 papers?

Since we’re not sitting CAP 2, no. Don’t be doing CAP 2 papers. There’s more than enough FAE material to keep you going until August 28th.
For CORE Audit, it won’t be too technical. Just cover the basics and you’ll be fine. Know the standards just in case.

To be fair, if you're particularly weak in certain areas the general advice has been to practice CAP2 papers. Not as your maim prep, like if you do a sim, cant do the company valuation, go study CV and practice some CAP2 papers on it

Fair to do it a different way.

thefox1982 · 18-07-2018 06:04PM

fishy_fishy wrote: »

To be fair, if you're particularly weak in certain areas the general advice has been to practice CAP2 papers. Not as your maim prep, like if you do a sim, cant do the company valuation, go study CV and practice some CAP2 papers on it

I would agree with you there fishy_fishy. CAP 2 would have more in depth calculations that would have to be done in your example of CV, once you can do them you are sorted.

In relation to core audit, ACASlayer is right, once you know the basics and the standards, you should be fine. The main thing is know the new layout of the audit report and what/how an issue can affect the report. There is no harm to practise one or two CAP2 papers if that helps.

Mckay66 · 18-07-2018 06:25PM

In terms of business leadership, how would you go about studying this? As in is it a waste of time to watch the lectures or are did people find them useful? Or should I read the textbook?

GoldFour4 · 18-07-2018 06:41PM

Mckay66 wrote: »

In terms of business leadership, how would you go about studying this? As in is it a waste of time to watch the lectures or are did people find them useful? Or should I read the textbook?

I've read a few chapters of the textbook and found it good. Has loads of real life examples. I think for BL its very much a case of knowing the different models to apply in analysing a company's strategy/environment etc and just practicing loads of questions and seeing what kind of answers they are looking for.

shanmo · 18-07-2018 06:52PM

McGaggs wrote:

I attached it to a post. Maybe 5 posts back up the page.

Ya I see the solution but not the question for it. I'd like to see the q please? Thanks.

shanmo · 18-07-2018 06:53PM

nhickey07 wrote:

By chance, does anyone have a listing of the cases by the main indicators/subject matter? I want to get my notes to cross-ref the different cases as back up. Thanks!

Id be interested in something like this too actually.

shanmo · 18-07-2018 06:54PM

Anybody know when the last steps case goes up? Thanks.

Mckay66 · 18-07-2018 07:28PM

Where are people now in terms of study, have you done many of the cases? How are you finding them?

shanmo · 18-07-2018 07:32PM

thefox1982 wrote:

In relation to core audit, ACASlayer is right, once you know the basics and the standards, you should be fine. The main thing is know the new layout of the audit report and what/how an issue can affect the report. There is no harm to practise one or two CAP2 papers if that helps.

New audit report? Sorry I've completely neglected audit. What am I missing? Thanks.

thefox1982 · 19-07-2018 09:10AM

shanmo wrote: »

New audit report? Sorry I've completely neglected audit. What am I missing? Thanks.

It is more so the layout of the report and there is another paragraph in relation to the companies act. If you look up TA 02/2017 Guidance on the new ISAs (Ireland) Auditing Standards issued by the Irish Auditing and Accounting Supervisory Authority. It should all be in there.

shanmo · 19-07-2018 09:19AM

thefox1982 wrote:

It is more so the layout of the report and there is another paragraph in relation to the companies act. If you look up TA 02/2017 Guidance on the new ISAs (Ireland) Auditing Standards issued by the Irish Auditing and Accounting Supervisory Authority. It should all be in there.

Ah. Thanks.

Monet321 · 19-07-2018 11:56AM

Mckay66 wrote: »

Where are people now in terms of study, have you done many of the cases? How are you finding them?

Have all my folders made out. 1 for elective (APM), 1 for FR (made it for the AAFRP and updated it for remaining standards) and 1 for remaining areas (Audit, Tax and cheat sheets). APM covers a lot of MA, BL and finance and then cheat sheets fill in the gaps.

I'm doing cases in the morning and notes in the evening (revising notes or doing FR or tax questions). Going through all the ICD questions now using shorthand answers and then will move onto mock papers and past exam papers for past few years (not going doing past mock or exam papers that are over 3 years old). Will do the past exam papers out long hand about a week before the exam to get timing right.

Mckay66 · 19-07-2018 02:20PM

In relation to the WWorkwear question from the Finn day- in particular the ABM indicator, just out of curiosity did anyone attempt this in a different way from the solution?

Olliewaterford · 19-07-2018 04:37PM

I am going through the self study cases but they seem to be mostly Business Leadership, any idea where there is cases with more FR in them apart from the ICD and past papers.

hmcf95 · 19-07-2018 06:03PM

Olliewaterford wrote: »

I am going through the self study cases but they seem to be mostly Business Leadership, any idea where there is cases with more FR in them apart from the ICD and past papers.

Derry cotter case book and then the other case book by John? There would be about 40 in total between the two , if not more

CAIgirl · 19-07-2018 07:08PM

Is there any life cycle costing notes or questions ?

NP2018 · 19-07-2018 08:18PM

hmcf95 wrote: »

Derry cotter case book and then the other case book by John? There would be about 40 in total between the two , if not more

What other case book are you referring to? By John?

hmcf95 · 19-07-2018 08:37PM

NP2018 wrote: »

hmcf95 wrote: »

Derry cotter case book and then the other case book by John? There would be about 40 in total between the two , if not more

What other case book are you referring to? By John?

A white and blue book by John casey & Clare Kearney. Case studies in advanced FR it's called

NP2018 · 19-07-2018 09:29PM

hmcf95 wrote: »

A white and blue book by John casey & Clare Kearney. Case studies in advanced FR it's called

Thanks for the reply, and the reminder about this book! I had forgotten I had it!

hmcf95 · 19-07-2018 09:33PM

NP2018 wrote: »

hmcf95 wrote: »

A white and blue book by John casey & Clare Kearney. Case studies in advanced FR it's called

Thanks for the reply, and the reminder about this book! I had forgotten I had it!

Haha yeah sorry, someone informed me that its a cap2 book.. I didn't realise lol I didn't use it last year, but it's decent enough for this year , they are just very long and take ages to get through. cotter book is better

ACAguy · 19-07-2018 09:39PM

Hi everyone just letting you know that I have created a WhatsApp group this evening as I had interested from some people and there was a general agreement that boards was hard to follow and people were asking the same questions. Send me a message with your number to be added. I think it will be very helpful for the next 6 weeks and I don’t think people have to worry about constantly getting messages as WhatsApp groups can be muted thanks

cgal17 · 19-07-2018 11:26PM

shanmo wrote: »

Anybody know when the last steps case goes up? Thanks.

Solution for last steps case is out the 27th of July it said on the email.

thefox1982 · 20-07-2018 12:15PM

Does anyone have a copy of the Tribune steps case? It was suppose to be put up on the 13th July

GoldFour4 · 20-07-2018 12:46PM

thefox1982 wrote: »

Does anyone have a copy of the Tribune steps case? It was suppose to be put up on the 13th July

It should be in the steps folder if you download it again

acawarrior · 22-07-2018 07:42PM

Does anyone have a past paper analysis that shows the topics that came up in previous years by indicator? Possibly for core and audit elective? Thanks.

Hightower92 · 23-07-2018 01:42PM

Hi, just wondering what tables I should be bringing into the exams? (ie. discount tables, etc)

The J Stands for Jay · 23-07-2018 03:17PM

Hightower92 wrote: »

Hi, just wondering what tables I should be bringing into the exams? (ie. discount tables, etc)

I always bring the Finance tables from the CAP1 exam. It has formulae on it too which can be handier than looking in my notes.

FAE 2018

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