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CAP2 Exams

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Comments

  • #482
    scouser82
    Registered Users, Registered Users 2 Posts: 100 ✭✭scouser82


    mu993ts wrote: »
    There’s over 2,600 posts with over 190,000 views across just 6 threads, so if anyone wants to get an idea of what to expect from a CA here’s the general picture:
    The institute “is a joke”, “unprofessional”, “make it up as they go along”, “all the solutions which seem to be given out by the institute have errors in them”.
    They’ve sacked examiners twice in the last two years for “half an exam hall having the answer verbatim”;
    There’s just so much moaning and ranting and moaning and ranting and some more moaning about everything from having to go to lectures to having to study, about how hard the exams are and how difficult each subject is, some of which is done during office hours when you’re supposed to be working.
    Some come on here looking for help because they attended few or no classes and want to find out what they missed or to announce that they’ve just come back from their two week holiday in the sun (taken during study leave) and are now refreshed enough to start studying.
    People are complaining that those who passed in previous years had an easier ride than those sitting exams now. Pass rates are very high in previous years but they’re very low now.
    I looked for similar threads contributed to by ACCA’s and didn’t find anything on this scale. The lack thereof suggesting that ACCA is a professional institute, students get stuck in and get on with the job of preparing for twice yearly exams. Exams and pass rates appear to be fairly consistent and an appropriate level.
    Therefore if I’m hiring I should stay away from qualified CAs (they had it too easy) and part-qualifieds (they’re lazy and just not able for it), and instead hire ACCAs.
    This is the public domain lads, nice one!!

    :rolleyes:

    Somebody from the Institute clearly!


  • #483
    DolphinTales
    Closed Accounts Posts: 52 ✭✭DolphinTales


    scouser82 wrote: »
    :rolleyes:

    Somebody from the Institute clearly!

    Someone stuck in the Nou Camp in 99 more like.

    It's gas that everyone that has an alternative point of view to the woe is me to be studying this scheidt gets riddled on here with a sarky put down!!

    Better go and study some more of this scheidt I suppose. :(


  • #484
    prinz
    Registered Users, Registered Users 2 Posts: 14,598 ✭✭✭✭prinz


    DolphinTales wrote: »
    It's gas that everyone that has an alternative point of view to the woe is me to be studying this scheidt gets riddled on here with a sarky put down!!

    Yeah, God forbid anybody would be subject to a sarky put down here...
    mu993ts wrote: »
    Therefore if I’m hiring I should stay away from qualified CAs (they had it too easy) and part-qualifieds (they’re lazy and just not able for it), and instead hire ACCAs.

    :D


  • #485
    ABCxyz 123
    Closed Accounts Posts: 16 ✭ABCxyz 123


    Is anyone doing the repeat exams taking unpaid leave and if so is there a limit put in place by their firm on the amount they are allowed to take?


  • #486
    SL10
    Registered Users, Registered Users 2 Posts: 263 ✭✭SL10


    ABCxyz 123 wrote: »
    Is anyone doing the repeat exams taking unpaid leave and if so is there a limit put in place by their firm on the amount they are allowed to take?

    Yeah- the limit is 4 weeks total over your entire contract. Apparently it is put in place by CAI


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  • #487
    1986abcd
    Closed Accounts Posts: 11 ✭1986abcd


    ABCxyz 123 wrote: »
    Is anyone doing the repeat exams taking unpaid leave and if so is there a limit put in place by their firm on the amount they are allowed to take?

    we're only getting a wk unpaid regardless of how many you've to sit.... refuse to give anymore


  • #488
    mrduffy
    Registered Users, Registered Users 2 Posts: 169 ✭✭mrduffy


    i have lost notes for financial reporting and i do not know what to study to pass will book and past papers be enough ?

    if you have good notes please attach


  • #489
    dchitz
    Closed Accounts Posts: 23 ✭dchitz


    does anyone have examples or know where to find them of group accounts with disposal of a sub or part disposal etc, cheere


  • #490
    R0N BURGUNDY
    Registered Users, Registered Users 2 Posts: 402 ✭✭R0N BURGUNDY


    text book has 4 questions in it to cover all 4 possibilities.


  • #491
    r.dunne7
    Closed Accounts Posts: 30 ✭r.dunne7


    Odats wrote: »
    Just done abit of digging going through the Examiner reports of the previous Prof 3's to analyse the whole compensation factor so judging by the following percentages alot of people wouldn't have passed first time round at that level including myself (I'll admit it just Auditing btw)
    So based on the examiners here's what figures were given pass rate per individual papers of candidates getting greater than 50%
    2008 Summer sitting: Advanced Financial Accounting 79.7%
    All other subjects were conveniently not given as AFAIK alot benefitted from compensation on the Auditing and MABF exam that year which there was alot of uproar about.

    2007 Summer sitting: Advanced Financial Accounting 66% (71.8% June 06)
    Auditing 41.9%
    MABF 90% greater than 40% i.e. in compensation zone as the examiner report puts it
    Tax :not given
    2007 Autumn sitting: Auditing 43%
    Advanced FA 61.9% (Autumn 06 64.7%)

    So based on these figures assuming the the Auditing pass mark percentage per paper remained consistent there would of been a conservative estimate of in or around 45% as a pass mark for Summer 2008 if no compensation had been in place.

    Therefore judging by this analysis which is just a quick one I believe the quality of the candidate sitting the exams has not reduced but compensation is a huge factor and so is open book as it increases the breadth of the syllabus thus making it more difficult.

    Also there has been anecdotal evidence of people getting through the Prof 3's on one good result and quite normal of people getting through with compensation on 2 papers.


    I think this is an excellent post by Odats. It highlights all the issues very well.

    Without compensation the prof 3's would have a very hight failure rate.

    Very suprising how everybody on this forum goes so quiet and dose not dare to address Odats findings...


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  • #492
    R0N BURGUNDY
    Registered Users, Registered Users 2 Posts: 402 ✭✭R0N BURGUNDY


    probably because he doesnt constantly come on here waffling sh*te about stuff he doesnt have a clue about. further, his grammar is in tact and he knows how to spell. and he doesnt come across as a hateful fcuktard.

    u on the other hand...


  • #493
    prinz
    Registered Users, Registered Users 2 Posts: 14,598 ✭✭✭✭prinz


    r.dunne7 wrote: »
    Very suprising how everybody on this forum goes so quiet and dose not dare to address Odats findings...

    What's to address? The new set-up makes it more difficult to pass, what a lot of CAP2 students have been saying all along.


  • #494
    bazzer86
    Registered Users, Registered Users 2 Posts: 209 ✭✭bazzer86


    R0N BURGUNDY wrote: »
    probably because he doesnt constantly come on here waffling sh*te about stuff he doesnt have a clue about. further, his grammar is in tact and he knows how to spell. and he doesnt come across as a hateful fcuktard.

    u on the other hand...

    Take a bow son....

    Ron Burgundy u da man!!


  • #495
    simplythebest
    Closed Accounts Posts: 13 ✭simplythebest


    Any one doin the repeats and who need to start studying?


This discussion has been closed.
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