Cap 2 SFMA Assessment Study Group

littlemiss123 · 12-06-2013 05:13PM

autumnbelle wrote: »

In the words of Liam doran cgs the difference between someone who gets 91 and 51% is the person who gets 91 has put in 40% to much work I would give anything to pass all 4 so sick of studying

Haha....very well said!!!

Totally agree though....I've always been a person who strives to do very well in exams, but right now, I would be singing and dancing if I go 50% in all 4! Sick of studying too....I want my life back!

PhilipLuke · 12-06-2013 05:21PM

Thats exactly it!! We all want our bleedin lives back so roll on fri 28th June

Compu Global Hyper Meganet · 12-06-2013 07:36PM

The thing that people who failed it first time and then go on to pass the repeats tend to point out is that decent general knowledge gets you through the exams. Look at it this way: as long as you can drag half marks out of your weakest question, you'll pass.

Personally, I'm after doing a good bit on financial and tax, but I'm still not overly confident about either of them! I'm hoping to finish SFMA within the next 4 days or so. And then I have to cram for audit! Could anyone who passed the audit mocks/assessment without doing too much study give me any pointers? Is it just a case of looking over past exam papers and solutions and absorbing the general message?

littlemiss123 · 12-06-2013 07:54PM

Compu Global Hyper Meganet wrote: »

The thing that people who failed it first time and then go on to pass the repeats tend to point out is that decent general knowledge gets you through the exams. Look at it this way: as long as you can drag half marks out of your weakest question, you'll pass.

Personally, I'm after doing a good bit on financial and tax, but I'm still not overly confident about either of them! I'm hoping to finish SFMA within the next 4 days or so. And then I have to cram for audit! Could anyone who passed the audit mocks/assessment without doing too much study give me any pointers? Is it just a case of looking over past exam papers and solutions and absorbing the general message?

Thanks for that! I think I agree with you that a good general knowledge and understanding is the key.

I passed the auditing assessment and almost passed the mock and what I felt worked was just doing exam paper after exam paper after exam paper. It's knowing what to look for and where to look for it in the question that is the key. I passed the assessment by using past paper solutions!! The only thing I am doing differently for the main exam is knowing my ISA's (knowing = having a list of them at the front of my folder!!) because I think they'll be a lot more picky about referencing them in the main exam. Anyone else have any other tips that work?

autumnbelle · 12-06-2013 08:35PM

Do each of you do days in a row of same module or switch?

autumnbelle · 12-06-2013 08:37PM

littlemiss123 wrote: »

Thanks for that! I think I agree with you that a good general knowledge and understanding is the key.

I passed the auditing assessment and almost passed the mock and what I felt worked was just doing exam paper after exam paper after exam paper. It's knowing what to look for and where to look for it in the question that is the key. I passed the assessment by using past paper solutions!! The only thing I am doing differently for the main exam is knowing my ISA's (knowing = having a list of them at the front of my folder!!) because I think they'll be a lot more picky about referencing them in the main exam. Anyone else have any other tips that work?

Do u think continuous assessment papers are relevant to the main exam too or just doing exam papers?

littlemiss123 · 12-06-2013 08:40PM

autumnbelle wrote: »

Do u think continuous assessment papers are relevant to the main exam too or just doing exam papers?

Personally I think the CA papers are still relevant and worth practising for the exam! The main exam is just an extension of the CA I think.

At the moment I'm doing about 2 days on a subject then switching, I find it better because you can get 'in the zone' for that subject and in the mind frame to connect topics etc if that makes sense?

littlemiss123 · 12-06-2013 08:43PM

autumnbelle wrote: »

Do u think continuous assessment papers are relevant to the main exam too or just doing exam papers?

Personally I think the CA papers are still relevant and worth practising for the exam! The main exam is just an extension of the CA I think.

At the moment I'm doing about 2 days on a subject then switching, I find it better because you can get 'in the zone' for that subject and in the mind frame to connect topics etc if that makes sense?

autumnbelle · 12-06-2013 09:03PM

littlemiss123 wrote: »

Personally I think the CA papers are still relevant and worth practising for the exam! The main exam is just an extension of the CA I think.

At the moment I'm doing about 2 days on a subject then switching, I find it better because you can get 'in the zone' for that subject and in the mind frame to connect topics etc if that makes sense?

Yeah I'm doing one a day and think il change to 2 days, audit I just seem to have tons and tons of past cas the questions from the papers and the other questions! Time is not on my side!!! I'm thinkin il just start tabbing

ASOT2012 · 12-06-2013 09:07PM

littlemiss123 wrote: »

Personally I think the CA papers are still relevant and worth practising for the exam! The main exam is just an extension of the CA I think.

At the moment I'm doing about 2 days on a subject then switching, I find it better because you can get 'in the zone' for that subject and in the mind frame to connect topics etc if that makes sense?

That's what I am doing as well. You kinda get stuck into one subject and keep going with it! I suppose that where a study plan would come in handy to make other subjects are not being neglected. But I would actually have to be organized for that!! It will all be grand - so I keep tellin myself anyway

The other thing I find is that there are actually so many past questions is it possible to even get through them all!

autumnbelle · 12-06-2013 10:31PM

ASOT2012 wrote: »

That's what I am doing as well. You kinda get stuck into one subject and keep going with it! I suppose that where a study plan would come in handy to make other subjects are not being neglected. But I would actually have to be organized for that!! It will all be grand - so I keep tellin myself anyway

The other thing I find is that there are actually so many past questions is it possible to even get through them all!

I don't think it is!

littlemiss123 · 12-06-2013 11:42PM

autumnbelle wrote: »

I don't think it is!

Oh noo.....will you have all the past questions done? I definitely won't :-(

autumnbelle · 13-06-2013 12:41AM

littlemiss123 wrote: »

Oh noo.....will you have all the past questions done? I definitely won't :-(

No I ment I don't think it's enuf time to do them all I've not even done one full one yet properly

ASOT2012 · 13-06-2013 05:59PM

littlemiss123 wrote: »

Can anyone shed any light on SFMA autumn 2010 Q3 part c)ii). I can't follow the solution regarding the option for factoring the debt. Specifically where the 25:75% came from and why the factor interest is 0.058% instead of 6%.

Panic is setting in now, not feeling prepared at all....

Just got an email from CAI highlighting errors in the solutions.

"We apologise but some errors have been discovered in the Autumn 2009 and 2010 CAP2 SFMA solutions. These errors have been rectified and revised solutions uploaded on the student website. If you were / are planning to use these exam papers, we recommend you download the revised solutions'

PhilipLuke · 13-06-2013 06:20PM

ASOT2012 wrote: »

Just got an email from CAI highlighting errors in the solutions.

"We apologise but some errors have been discovered in the Autumn 2009 and 2010 CAP2 SFMA solutions. These errors have been rectified and revised solutions uploaded on the student website. If you were / are planning to use these exam papers, we recommend you download the revised solutions'

Nice one only a week to the exam like and how long are those solutions up now?
And there were errors in the Financial Reporting aswell?

littlemiss123 · 13-06-2013 06:22PM

ASOT2012 wrote: »

Just got an email from CAI highlighting errors in the solutions.

"We apologise but some errors have been discovered in the Autumn 2009 and 2010 CAP2 SFMA solutions. These errors have been rectified and revised solutions uploaded on the student website. If you were / are planning to use these exam papers, we recommend you download the revised solutions'

Thanks ASOT2012!! I saw the email too but I'm on a 'financial reporting day' so I didn't look at it properly! Has the mistake been corrected? I also got really confused in a 2009 question yesterday so I'm hoping that has been corrected!!!

What a joke though, 10 days before the exam! We are relying on the past papers as practice questions. It's so ridiculous if we spend 2 hours trying to work out an answer only to find the solution is wrong!

autumnbelle · 13-06-2013 07:17PM

littlemiss123 wrote: »

Thanks ASOT2012!! I saw the email too but I'm on a 'financial reporting day' so I didn't look at it properly! Has the mistake been corrected? I also got really confused in a 2009 question yesterday so I'm hoping that has been corrected!!!

What a joke though, 10 days before the exam! We are relying on the past papers as practice questions. It's so ridiculous if we spend 2 hours trying to work out an answer only to find the solution is wrong!

10 days :0

littlemiss123 · 13-06-2013 09:21PM

Does anyone know are the mock exams set by the same examiner who does the main paper? Just trying to judge the standard for financial reporting as the sample papers did us no favours for the interim!

conor1979 · 13-06-2013 09:28PM

littlemiss123 wrote: »

Does anyone know are the mock exams set by the same examiner who does the main paper? Just trying to judge the standard for financial reporting as the sample papers did us no favours for the interim!

Not the same examiner. I'm nearly sure Margaret Darcy fessed up to setting the mock exam. Or was I having another nightmare about college!!!

Darkhorse10 · 13-06-2013 09:49PM

Hi,
Can anyone tell me how you get the Mix & Yield in Q3 of the mocks?? Have looked at it for the last 2 hours and cant solve it? and the solution does it differently than the way i learned from Richie Hoare in college. Thanks

blizzard13 · 13-06-2013 10:37PM

conor1979 wrote: »

Not the same examiner. I'm nearly sure Margaret Darcy fessed up to setting the mock exam. Or was I having another nightmare about college!!!

yep it was Margaret, i was watching the online mock lecture today for FR and she set it, said she threw all the complicated things that can come up in a consolidated q:D

blizzard13 · 13-06-2013 11:18PM

Darkhorse10 wrote: »

Hi,
Can anyone tell me how you get the Mix & Yield in Q3 of the mocks?? Have looked at it for the last 2 hours and cant solve it? and the solution does it differently than the way i learned from Richie Hoare in college. Thanks

i was exactly the same... did u watch tom explain it on the online lecture? he shows u how its done :rolleyes:

Debs23 · 13-06-2013 11:34PM

Has anyone got a set of published accounts tat I could bring into the exam with me?

ASOT2012 · 14-06-2013 01:34AM

littlemiss123 wrote: »

Thanks ASOT2012!! I saw the email too but I'm on a 'financial reporting day' so I didn't look at it properly! Has the mistake been corrected? I also got really confused in a 2009 question yesterday so I'm hoping that has been corrected!!!

What a joke though, 10 days before the exam! We are relying on the past papers as practice questions. It's so ridiculous if we spend 2 hours trying to work out an answer only to find the solution is wrong!

No bother. From what I saw they seemed to have been amended. So I went into the office earlier this evening to print out the new solutions only to find they taken back down. An hour wasted!!! And they are still not back up !!

littlemiss123 · 14-06-2013 10:39AM

Debs23 wrote: »

Has anyone got a set of published accounts tat I could bring into the exam with me?

Try these KPMG illustrative FS.

http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/IFRS-illustrative-financial-statements/Documents/IFRS-illustrative-financial-statements-2012.pdf

If not, I'd say CRH PLC would be a good one as I know they always use examples from the report in the lectures.

http://www.crh.com/reports/CRH-2012-Annual-Report.html

autumnbelle · 14-06-2013 11:31AM

Anyone know if the sfma papers that are up now are the corrected ones?

Imported but · 14-06-2013 12:12PM

autumnbelle wrote: »

Anyone know if the sfma papers that are up now are the corrected ones?

It seems so
From: <no-reply@charteredaccountants.ie> Date: 14 June 2013 11:51
Subject: Strategic Finance and Management Accounting

Dear Student,
The following were updated on the SFMA solutions
Autumn 2010: Solutions to Q1 and Q3 were comprehensively altered.
Autumn 2009: Solution to Q2 a (i) and (ii) updated
Students who had issues downloading the papers should have access now.

Please contact CAP2@charteredaccountants.ie if you have any queries
Kind regards
Student Services

mark_m360 · 14-06-2013 12:25PM

Imported but wrote: »

It seems so
From: <no-reply@charteredaccountants.ie> Date: 14 June 2013 11:51
Subject: Strategic Finance and Management Accounting

Dear Student,
The following were updated on the SFMA solutions
Autumn 2010: Solutions to Q1 and Q3 were comprehensively altered.
Autumn 2009: Solution to Q2 a (i) and (ii) updated
Students who had issues downloading the papers should have access now.

Please contact CAP2@charteredaccountants.ie if you have any queries
Kind regards
Student Services

Unfortunately, the links on their website for these solutions are broken.

I have contacted CAI and they are looking into the issue and have sent me the updated solutions which I have attached if anyone requires them.

littlemiss123 · 14-06-2013 01:21PM

mark_m360 wrote: »

Unfortunately, the links on their website for these solutions are broken.

I'm still having trouble accessing them too!

mark_m360 · 14-06-2013 01:24PM

littlemiss123 wrote: »

I'm still having trouble accessing them too!

I have updated my previous post and attached the updated solutions.

Cap 2 SFMA Assessment Study Group

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