Cap 2 SFMA Assessment Study Group

PhilipLuke wrote: »

Richie Hoares solution for the Ashcroft question isnt fully right as when you do the reconciliation its not quite right, not sure if theres a variance missing couldnt follow the institutes example

Is it in Gourmet? I think he puts down a 3,750 sales price variance as adverse when it's actually favourable ([3.10 - 3.05] x 75,000)

autumnbelle wrote: »

Is anyone finding they are not doing as much this week as previous weekend or are yis all doing more?

Im not doing near as much even tho ive got loads to do.....cant get motivated!

Blarney92 wrote: »

Taking it very easy- strange with the exam so close I have so little motivation. Think it's worn me down tbh. All I did today was a heap of man acc questions but only spent 4/5 hours on it.

Done with audit and SFMA till cramming the day before. Doing Tax and FR for next 5 days now. Still have a bit to cram in for tax but can't see myself doing anything more than 5/6 hours a day (excluding breaks admittedly)

I'm finding myself the same I did the mock sfma paper today and that was it, I'm going to sort out my folder tabs galore in the morning for it and then FR and tax too. Just finding myself so tired and thinking sleep is important too:) not prepared enuf for management at all but I know I need to spend major time on FR and tax too and I have loads left to do for all of them

Blarney92 wrote: »

Taking it very easy- strange with the exam so close I have so little motivation. Think it's worn me down tbh. All I did today was a heap of man acc questions but only spent 4/5 hours on it.

Done with audit and SFMA till cramming the day before. Doing Tax and FR for next 5 days now. Still have a bit to cram in for tax but can't see myself doing anything more than 5/6 hours a day (excluding breaks admittedly)

I'm exactly the same!! I'm just fed up, only doing 5 hours a day at the moment, I've never been so relaxed before exams ever!! I think it's because they're open book. Usually I'm panicking now cramming in every bit of information before the exam but I'm calm because I know all the books will be with me!

littlemiss123 wrote: »

I'm ok-ish with it, but still make a mess of retained earnings and NCI every time, which is where most the marks are! I'm prayin for a consolidated cash flow!

For me it'll feel like an advantage, just because if it is one big 50/60 mark question and I make a mess of it, it'll throw me off and get me worked up in the exam. Whereas having the q1 split into two questions, if I make a mess of one, I can move on a start a fresh with the next without feeling like I've thrown 50 marks away!

Cash flows I did a few weeks back and cant for life of me remember now!:/

The ratios are at the end of the finance notes for session 6, company in difficulty!

They are under the audit tab, do u need the attachment posted? anyone know why management session 4 and 5 solutions arent up?

aorourke23 wrote: »

This day next week SFMA will be almost over. How are people preparing for this subject, it just seems so broad. Any tips on the main topics to cover for this subject.

I think I'm trying to focus on understanding what to look for in the question. Most of the examiners reports point out mistakes that students have made from not reading the question properly and understanding the material. So I've been spending a lot of time reading past questions and reading the solutions to link what they got in the solutions and where they got it from in the question, if that makes sense?

I've also made myself very familiar with the layout of the notes. I don't think actually 'learning' the notes will get me anywhere. Famous last words though....

autumnbelle wrote: »

Any one got any idea about management bank 4and 5 solutions? I'm the same panic galore on the day feel I shud have been doing q's along!

Dont think there are any!! Do the revision questions for mgmt they cover everyhing!! I really hope they go ok I cannot stand the thought of havin to repeat and study for any of them again!!

autumnbelle wrote: »

They are under the audit tab, do u need the attachment posted? anyone know why management session 4 and 5 solutions arent up?

Yeah could you please attach it I am repeating audit so maybe that is why it is not on my tab.. Who knows..? Thanks again

autumnbelle wrote: »

does this work? http://students.charteredaccountants.ie/Global/student_services/CAP2%20Course%20Material%202013/Audit%20and%20Assurance/Auditing%20Mock%202013%20Solution%20.pdf
http://students.charteredaccountants.ie/Global/student_services/CAP2%20Course%20Material%202013/Audit%20and%20Assurance/Auditing%20Mock%202013.pdf

Yes it does thank you:)

Imported but wrote: »

Just got this:

There's a poster at this link https://twitter.com/CAIStudents/status/344483274443350016/photo/1

Saw this too! Was hoping the tips would be a bit more specific!!!

littlemiss123 wrote: »

Saw this too! Was hoping the tips would be a bit more specific!!!

There were some specific tips in the presentation that was given by Paul Monahan on Nov 19th... The recording and a notice with the handout for the presentation are below. Maybe worth a watch if you have time.
"Introducation to Case Studies"
http://mediasite.charteredaccountants.ie/mediasite/Viewer/?peid=7a99609ff555440b8a3742abfde658521d&authTicket=7cbac71e86e64dc48e936b008921bfa6
http://students.charteredaccountants.ie/en/MessagesNotices/Course-Messages/Notices/Introduction-to-Case-Studies/

how long did people send on foreign exchange rate risk?? I'm thinking on starting it today but will I have time to complete it?

thumbelinda wrote: »

Can someone please put me out of my misery, FR, Atlas question from Autumn 2012, where did they get the discount rate to be used? I am banging my head off the wall trying to figure it out. There is no discount rate given in the question and the solution has used 9%?

I don't have the paper in front of me but I think I went over it last night. Isn't it stated at the very end of question 2 to use 9% where relevant?