Cap 2 SFMA Assessment Study Group

littlemiss123 · 08-03-2013 08:14PM

Anyone know are the mock exams compulsory? I know some firms may make them mandatory but wondering does the institute enforce that?

autumnbelle · 08-03-2013 11:27PM

littlemiss123 wrote: »

Anyone know are the mock exams compulsory? I know some firms may make them mandatory but wondering does the institute enforce that?

No they are not compulsory

yussss5 · 09-03-2013 02:42PM

Can someone please tell me what session in audit covers revenue??? I am totally confused over what to study for that area. Thanks!

autumnbelle · 09-03-2013 05:49PM

yussss5 wrote: »

Can someone please tell me what session in audit covers revenue??? I am totally confused over what to study for that area. Thanks!

Im the same

revenues not been asked in previous ca's either? Revenue is just income isnt it

yussss5 · 10-03-2013 10:18AM

autumnbelle wrote: »

Im the same revenues not been asked in previous ca's either? Revenue is just income isnt it

Yes its income from sales on anything other than credit. Its kind of mentioned alongside receivables in session six and in chapter 10 of the Nolan book. But its always mentioned with receivables. Theyll hardly ask those two topics together so its hard to split them out to study them individuallly! Its like theres not enough information for revenue on its own.

Id say the fact that it hasnt been asked before could make it a possibility to come up this year

.

Nothings ever straight forward!

miii · 19-03-2013 12:48PM

Hi

Just wondering if anybody would be willing to post notes to date for CAP 2 Audit, FR and SFMA.

I am resiting these 3 this year and do not have access to any notes, if you could would be a great help, pregnant and due at end of july so hopefully be able to sit them in June but need to get started, so hard to get motivated when you are not attending class!

Thanks:)

autumnbelle · 19-03-2013 09:09PM

Has anyone gotten anymore notes they'd be willing to share

blizzard13 · 20-03-2013 04:50PM

yussss5 wrote: »

Yes its income from sales on anything other than credit. Its kind of mentioned alongside receivables in session six and in chapter 10 of the Nolan book. But its always mentioned with receivables. Theyll hardly ask those two topics together so its hard to split them out to study them individuallly! Its like theres not enough information for revenue on its own.

Id say the fact that it hasnt been asked before could make it a possibility to come up this year .

Nothings ever straight forward!

Guys - September 2012 paper was on Revenue... i totally missed this until today....:D

Imported but · 22-03-2013 03:47PM

I went through the past audit CA papers today, looking for when areas have been examined.
No guarantees that I haven't made an error!

Looks like the particularly relevant ones are these:-

Sat 8 Sep 2012 Revenue
Sat 3 Mar 2012 Trade Receivables
Sat 17 Sep 2011 Bank & Cash
Sat 7 May 2011 Inventories
May 2010 Trade receivables
Sep 2009 Inventories

katieanne56 · 23-03-2013 06:53AM

Thanks for the list!

I know it's silly to try and make predictions, but is anyone else thinking that Inventories seems the likely culprit this session...?

autumnbelle · 28-03-2013 11:42PM

My study starts tommorrow

how r ppl splitting sections for the continuous assessment?

rioferdy5 · 29-03-2013 12:31PM

started last weekend myself, me along with a girl i work with in a small firm in derry done up a list of basically every generic stock & bank/cash testing we could think of, have about 40 for each, i've uploaded here if it helps.

we should all help each other out!

The Little Fella · 29-03-2013 12:46PM

rioferdy5 wrote: »

started last weekend myself, me along with a girl i work with in a small firm in derry done up a list of basically every generic stock & bank/cash testing we could think of, have about 40 for each, i've uploaded here if it helps.

we should all help each other out!

I reckon if accountancy isn't your thing, comedy definitely is.

29-03-2013 08:09PM

I did Auditing last year and I was lucky that other poster's were willing to share notes.

They certainly helped me

29-03-2013 08:13PM

..

rioferdy5 · 29-03-2013 10:08PM

any particular reason you've included investments? is that examinable?

autumnbelle · 29-03-2013 10:11PM

rioferdy5 wrote: »

any particular reason you've included investments? is that examinable?

After your last post are you actually for real?

rioferdy5 · 30-03-2013 12:07PM

autumnbelle wrote: »

After your last post are you actually for real?

If you don't know the answer just say brah

Debs23 · 03-04-2013 03:10PM

How is everyone going about studying for this audit exam?

I am reading the relevant chapters and doing the past assessment papers but is that enough??

blizzard13 · 03-04-2013 03:27PM

thats all ive done Debs23...... what else can we really do? except hope for the best! make a note of the type of things that have come up in the past etc.....

littlemiss123 · 03-04-2013 03:43PM

I'm feeling a little bit too comfortable in the run up to the exam! I have done basically nothing only read and summarise the 3 chapters and do the relevant past papers. Haven't 'learnt' anything, relying whole heartedly on my chapter summaries going in!

Anyone else feeling suspiciously calm....?

blizzard13 · 03-04-2013 03:49PM

here here... feel the same!

i dont work in audit either, so i prob shudnt be this relaxed!

katieanne56 · 03-04-2013 04:31PM

I feel exactly the same, like I'm forgetting to do some essential preparations!

The Little Fella · 03-04-2013 04:39PM

littlemiss123 wrote: »

I'm feeling a little bit too comfortable in the run up to the exam! I have done basically nothing only read and summarise the 3 chapters and do the relevant past papers. Haven't 'learnt' anything, relying whole heartedly on my chapter summaries going in!

Anyone else feeling suspiciously calm....?

I'm under the impression it's going to be marked hard cause it's the same q's every year. Important thing to remember is every piece of information should be used, there will something wrong with everything.
Attached are some notes from a revision course last week.

The Little Fella · 03-04-2013 04:41PM

... and the second part

autumnbelle · 03-04-2013 08:21PM

I'm the same I have literally nothing prepared so far to bring in

thumbelinda · 03-04-2013 09:44PM

The Little Fella wrote: »

... and the second part

Thanks a million for the attached notes, they are excellent. You are very good to share them. Fair play to you!!

Dreaming of sunshine · 04-04-2013 08:53PM

So glad I'm not the only one feeling too calm! I'm also a non-auditor so was starting to worry!! Fingers crossed we'll get a good paper to deal with!!

autumnbelle · 04-04-2013 08:55PM

Dreaming of sunshine wrote: »

So glad I'm not the only one feeling too calm! I'm also a non-auditor so was starting to worry!! Fingers crossed we'll get a good paper to deal with!!

I'm non auditor too, I think I'm in complete denial about having any exams at all.

littlemiss123 · 04-04-2013 09:21PM

I'm a non auditor too and studying this makes me glad I didn't go down that path....!!

Starting to freak out about the exams in June now, I go on study leave in 3 weeks!? WTF!? Cannot understand where the year went....?

Cap 2 SFMA Assessment Study Group

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