Cap 2 SFMA Assessment Study Group

Cassie_13 · 17-04-2013 10:34PM

Anyone sitting the CA Assessments on 11th May?? Ideas on case study?

littlemiss123 · 18-04-2013 10:53AM

@Conor1979 thats crazy that you only get 3 weeks off, I'm stressed about the thought of only having 8 weeks off

Would make way more sense if the mock were in the middle of may when we had at least some bit of study done!

autumnbelle wrote: »

How have you organised the notes? Have you split up the lecture notes? I will definitely do mocks even just to go in and study for the 4 hrs would be a start for me! However tax will be pointless as I have not even gotten to open the book basically.

I've just split them up by lecture in a folder with dividers and have all the exam papers and solutions in one folder. Not gonna bring the whole folder into the actual exam with me, I'll spend a good bit of my study leave pulling out key bits of information and making condensed notes so I won't have to drag my whole folder in. It'll be much easier to find bits of information that way too.

Ya tax will definitely just be like watching paint dry but the others might be worth a bit of a shot. I haven't even opened a book though, have you done any bit of study for them? Kinda got lazy after the auditing assessment and wasn't motivated to do anything!

Imported but · 18-04-2013 05:13PM

Have just sent this on to CAP2 email address re: the e-mail sent earlier today about the 9am start time for the mocks on Saturday:-

"(Students who arrive late to the exam will not be allowed entre the hall)"

WHY?

Given that many of those sitting these exams (myself included) will be travelling in from outside of Dublin on Saturday morning, it is probable that some will struggle to arrive before 9am let alone at 8:30 am. I believe it to be VERY unreasonable to refuse entry at 9:01am to one of these students - especially those relying on public transport - who may have been travelling for several hours but who may have been delayed for reasons beyond their control.

Are you trying to discourage students from making the effort?
... I will post here if they can be bothered justifying what (to me) is a needless threat - anyone who has made best efforts to be there before 9am should be let in I think.

autumnbelle · 18-04-2013 06:52PM

Imported but wrote: »

Have just sent this on to CAP2 email address re: the e-mail sent earlier today about the 9am start time for the mocks on Saturday:-

"(Students who arrive late to the exam will not be allowed entre the hall)"

WHY?

Given that many of those sitting these exams (myself included) will be travelling in from outside of Dublin on Saturday morning, it is probable that some will struggle to arrive before 9am let alone at 8:30 am. I believe it to be VERY unreasonable to refuse entry at 9:01am to one of these students - especially those relying on public transport - who may have been travelling for several hours but who may have been delayed for reasons beyond their control.

Are you trying to discourage students from making the effort?
... I will post here if they can be bothered justifying what (to me) is a needless threat - anyone who has made best efforts to be there before 9am should be let in I think.

Why is it half 8? Yeah your not alone little miss I've not even one folder organised

autumnbelle · 18-04-2013 08:34PM

Also does anyone know the deal with the bulletin and two updated ias on the site with the course material for audit, the bulletin is 130 pgs

and the two standards are we examined on the updated ones? Don't think my printer will appreciate all this!!!

Imported but · 19-04-2013 08:05AM

autumnbelle wrote: »

Why is it half 8? Yeah your not alone little miss I've not even one folder organised

I got an e-mail back saying discretion will be used in deciding what is deemed as “being late” on the day.

As for 830... I'd take that with a grain of salt. I read somewhere else that we won't be let into the hall until 15 minutes before the exam starts.

It'd be so much simpler to have the option to sit the exam in Dundalk. They withdrew it a couple of years ago, but by then I'd committed to the ACA route for qualifications (with the notion that I'd be able to do CAP2 and FAE classes up here...:rolleyes:)

littlemiss123 · 19-04-2013 11:46AM

autumnbelle wrote: »

Also does anyone know the deal with the bulletin and two updated ias on the site with the course material for audit, the bulletin is 130 pgs and the two standards are we examined on the updated ones? Don't think my printer will appreciate all this!!!

Our lecturer last weekend basically said to just have a flick through them to be familiar. The main point was that the 'names' of the types of audit report have changed (although you might already be familiar with this if you work in auditing). As far as I can remember 'limitation of scope' is now 'inabiliy to obtain sufficient appropriate audit evidence' and the second type of modification (can't remember of the top of my head) is now 'financial statements are materially misstated'.

The auditing standards book is up to date regarding this change but the Nolan book isn't.

Correct me if I'm wrong regarding any of the above.

autumnbelle · 21-04-2013 03:23PM

Any one know where I could get a good list of audit procedures for each area

Imported but · 22-04-2013 05:24AM

autumnbelle wrote: »

Any one know where I could get a good list of audit procedures for each area

The review questions in the book have good solutions

FlyingSolo13 · 28-04-2013 09:57AM

How did people find the mocks?

As a result of doing the mocks I'm now realise i'm under pressure, now thinking of doing one of the revision courses. Does anybody have any experience / recommendations about same?

cian twomey · 28-04-2013 02:09PM

FlyingSolo13 wrote: »

How did people find the mocks?

As a result of doing the mocks I'm now realise i'm under pressure, now thinking of doing one of the revision courses. Does anybody have any experience / recommendations about same?

thought the first 2 were ok yesterday was awful couldnt do a thing in financial reporting really have to start getting down to work, i hear there really good for FR and SFMA

Debs23 · 28-04-2013 02:22PM

What revision courses are use talking about??

Imported but · 29-04-2013 07:54AM

Debs23 wrote: »

What revision courses are use talking about??

Is it the 2 days-per-subject classes being run by the Institiute in about 3 weeks??

For SFMA, one day MA and one day SF. Per timetable:-

Saturday 18 May SFMA - Management Accounting
Richie Hoare 09:30-16:30

Monday 20 May Auditing
Conor Dolan 09:30-16:30

Tuesday 21 May Taxation
Mary O'Sullivan 09:30-16:30

Wednesday 22 May Financial Reporting
Margert D'Arcy 09:30-16:30

Thursday 23 May SFMA - Finance
Tom McStraw 09:30-16:30

Friday 24 May Taxation
Mary O'Sullivan 09:30-16:30

Saturday 08 June Auditing
Conor Dolan 09:30-16:30

Sunday 09 June Financial Reporting
Margert D'Arcy 09:30-16:30

blizzard13 · 30-04-2013 10:40AM

does anyone know if the mocks will be available online?

FlyingSolo13 · 30-04-2013 05:20PM

What about the revision courses not run by ICAI?

connect1988 · 04-05-2013 10:57PM

hey guys, any help with the SFMA special sitting next saturday? Anyone any info they could pass on? Really struggling!

mark_m360 · 06-05-2013 03:38PM

connect1988 wrote: »

hey guys, any help with the SFMA special sitting next saturday? Anyone any info they could pass on? Really struggling!

Yeah im sitting it as well.

Topics seem to include ;
Standard Costing and theory
Investment Appraisal
Benchmarking & theory
Target Costing & theory

Unsure of how go about it but I'm going to look up the Cap1 competency statement for Finance & Mgt Acc and see if I find anything related to the above topics

Cassie_13 · 07-05-2013 09:43PM

Has anyone got any ideas about the Investment Appraisal? I was thinking of drawing up a template that could be adapted when the get the extra info??

mark_m360 · 07-05-2013 09:56PM

Cassie_13 wrote: »

Has anyone got any ideas about the Investment Appraisal? I was thinking of drawing up a template that could be adapted when the get the extra info??

Yeah that sounds good, for whatever reason I always find investment appraisal difficult to get my head around. I'm reading through the chapter at the moment.

What ideas do you have for the template?

connect1988 · 10-05-2013 08:41AM

I think I'm ok with the variance analysis, investment appraisal and benchmarking but I'm struggling what to take out of the original case study produced ie the swot analysis and the following action points the company plan to make. Any ideas there?

mark_m360 · 10-05-2013 08:56AM

connect1988 wrote: »

I think I'm ok with the variance analysis, investment appraisal and benchmarking but I'm struggling what to take out of the original case study produced ie the swot analysis and the following action points the company plan to make. Any ideas there?

Where can you find information on benchmarking? And yeah I'm not sure about the swot analysis, may lead into a performance analysis question maybe?

Imported but · 10-05-2013 11:42AM

What's the basis for the SFMA special sitting? First I've heard of it.

mark_m360 · 10-05-2013 12:07PM

Imported but wrote: »

What's the basis for the SFMA special sitting? First I've heard of it.

Deferral from January exam as some were unable to attend, for eg, I was on a training course in UK at the time.

Cassie_13 · 10-05-2013 05:34PM

Can anyone give some help on the benchmarking? Finding it difficult to get info!

autumnbelle · 11-05-2013 09:04PM

Hi just wondering how everyone is approaching there study?

littlemiss123 · 11-05-2013 09:12PM

autumnbelle wrote: »

Hi just wondering how everyone is approaching there study?

Not well......!!! Been off for two weeks now and feel like I'm getting nowhere. So much to do, so little time.

LuLa0826 · 13-05-2013 12:41PM

Hi just wondering how is everyone set for Financial Reporting? How did the mocks go? Hopefully the final paper won't be as difficult!

The Little Fella · 13-05-2013 01:11PM

LuLa0826 wrote: »

Hi just wondering how is everyone set for Financial Reporting? How did the mocks go? Hopefully the final paper won't be as difficult!

I passed three of the mocks, got 45% in sfma. Couldn't believe i passed FR considering all i did on the consolidated question was the adjustments for calculating goodwill and retained earnings. New structure seems to make FR an awful lot easier.

autumnbelle · 14-05-2013 12:20PM

The Little Fella wrote: »

I passed three of the mocks, got 45% in sfma. Couldn't believe i passed FR considering all i did on the consolidated question was the adjustments for calculating goodwill and retained earnings. New structure seems to make FR an awful lot easier.

Jesus well done your obviously at a good level, I failed all 4

I am stuck with FR can't understand consol at all

LuLa0826 · 14-05-2013 01:02PM

I find FR difficult too but at least its a separate question 2 this year and 25 marker. Any thoughts on the consolidation question? Normal Balance Sheet and P+L or statement of cash flows as in the sample paper issued?

Cap 2 SFMA Assessment Study Group

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