Cap 2 2016

AtticusFinch86 · 06-04-2016 08:40PM

malistheman wrote: »

How is peoples study going for the mocks if any? I've done very little to be honest. Tax will be a write off with a decent attempt at one question max for me and a lot of people I've spoken to.

It's funny you say that, I've been thinking the exact same thing the last few days. I'm so under prepared for the Tax mocks that I'm wondering if I'll even gain anything by going. I'll likely be twiddling my thumbs after 40 minutes so it's not like I'll even get a chance to get a feeling for the "time pressure" element of the real exams.

I'm tempted to skip the mocks and just concentrate on finishing off the syllabus. In the two weeks I'll be preparing for the mocks, I could easily finish off the syllabus, have a set of revision notes completed and be ready to start practicing past papers. Anyone I have spoken to has encouraged me to sit the tests though so that's giving me big doubts about missing them. On the other hand, I hope to give auditing a good stab and possibly SFMA and FR. I'm not even to bother revising for tax, I'm cutting my losses and concentrating on the other 3 at the minute.

rcoffey · 07-04-2016 10:32AM

i am thinking along the same lines as both of you, don't think i will attend any of the mocks as it is precious study time at this stage as i have very little, well no study done, so I can't see the value I will get out of them, I think they will only add to my stress levels. For the past few weeks I couldn't see past the AA Assessment.

dyanne · 09-04-2016 02:05PM

In the same boat here, have done very little to date, attended 2/3 lectures for each subject back in November and nothing then until the Audit Assessment.. I've the special sitting of the SFMA and FR IA on 7th May too, I don't know how I'm going to tackle it all.

Obviously I didn't attend the mocks today, won't be attending next week's either, would be a waste of paper.

I'm guessing it will take me until the end of May to finish all the material and will only then be able to start in to past papers and revision work.. I'm not sure I'll attend the revision week, I've heard it's a waste of time, anybody any opinion on it?

Bailey782 · 11-04-2016 08:47PM

Are the mocks mandatory to sit? I'm only sitting SFMA and FR, but have done so little there's very little point in going to the mocks this weekend, I'd be more productive trying to spend the day doing some study for the real thing.

mel7284 · 11-04-2016 09:29PM

the firm you work usually dictate whether the mocks are mandatory or not. To be honest it is a good exercise to attend them, it really does give you a better idea on timing, and gives you a bit kick to get going. You only have to stay a minimum of an hour, you have your notes, so give it a good shot, the result you get will give you the best indication as to what level your at and the level of work you need to be doing on study leave

dyanne · 13-04-2016 11:30AM

Has anyone attended CAP1 Revision week previously? Was it of benefit?

Lyra Fangs · 14-04-2016 02:08PM

dyanne wrote: »

Has anyone attended CAP1 Revision week previously? Was it of benefit?

I went to the Cap 1 revision week last year. I thought it was useful for law in particular, somewhat for tax, lesser for FA and finance and a waste of time for management accounting.

The law lecturer actually went through a little of the theory each time before starting a question so if you hadn't started revising so you still follow along and attempt an answer. Tax was useful just to hear everything in summary and give you an idea of the course contents and approach for the exam. Fin and FR were fine but a little pointless if you hadn't revised as you were basically jotting down the answers. But they were useful again for laying out the contents and what would come up in different questions etc.

I thought MA revision class was a waste of time. We didn't go through the course we just started straight into questions. You were given time to try the question but again if you hadn't started studying you were basically just sitting there.

I would advise if you intend to go to them to use the week before (which if you have the full 5 weeks off should be a study week) to cover briefly each of the 5 subjects so that you can make the full of the revision sessions. Alternatively don't go and use the extra time to study or go to the morning session where they will go through the course and leave at lunch.

I know I could have benefited from the extra study time had I not gone but at the same time the sessions gave me a bit of direction and kinda kick started my studying.

AtticusFinch86 · 16-04-2016 01:28PM

How's the studying going for everyone? What stage are you all at (still getting through syllabus? writing up notes? practicing papers?)

I just finished the syllabus last week (I didn't really attend any lectures, I just watched all the online sessions). I've also written out notes for each session. At the minute I'm gathering all the calculations I'll need (ratios, financial equations, variance equations, etc.) and sticking them on a spreadsheet that I can just take into the exam.By next weekend I hope to have the above all done and hopefully have the various session notes summarized. At that point, I'll be straight in to the past exam questions.

odonovan4148 · 19-04-2016 10:17AM

Hi Guys,

Just wondering how people are getting on with study? I have FR and SFMA to do!

FR seems to cover so much material!!

Any tips from anyone?

Thanks guys

Lyra Fangs · 19-04-2016 02:02PM

AtticusFinch86 wrote: »

How's the studying going for everyone? What stage are you all at (still getting through syllabus? writing up notes? practicing papers?)

I just finished the syllabus last week (I didn't really attend any lectures, I just watched all the online sessions). I've also written out notes for each session. At the minute I'm gathering all the calculations I'll need (ratios, financial equations, variance equations, etc.) and sticking them on a spreadsheet that I can just take into the exam.By next weekend I hope to have the above all done and hopefully have the various session notes summarized. At that point, I'll be straight in to the past exam questions.

I haven't finished watching all the lectures but there's still plenty of time yet.

I'm taking a slightly different approach to notes as well. Based on my experience during the mocks I want to build my notes in response to my needs while doing exam papers rather than building the notes first based on the sessions. I think having them by lecture is rather restrictive and that it would be better to group complimentary topics or ones that tend to come up together.

odonovan4148 · 19-04-2016 03:02PM

Hi Lyra,

Thanks a mill!
I did the auditing last year and I made my notes as I was doing the exam papers rather than the notes!

For Fr I am going through the notes on the standards your doing the reverse and making notes from doing exam questions?

Havent started SFMA properly yet:(

Lyra Fangs · 21-04-2016 12:14AM

odonovan4148 wrote: »

Hi Lyra,

Thanks a mill!
I did the auditing last year and I made my notes as I was doing the exam papers rather than the notes!

For Fr I am going through the notes on the standards your doing the reverse and making notes from doing exam questions?

Havent started SFMA properly yet:(

I intend to have a folder of just lecture slides that I will keep on the ground beside my desk for extra information. The folder on my desk for FR will be ordered numerically for each standard - each section will give a brief overview of the essentials of the standards and then the different formats of how the questions might appear in the exam based on past papers. Then I'll have my template section for question 1 and a section entirely for consolidation.

It's hard to say for certain as I have yet to start doing the exam papers which will guide the above.

dyanne · 23-04-2016 01:38PM

Is anybody splitting the attempts between June and October sittings? I'm planning on deferring SFMA and FR until the Autumn sitting and I'm wondering how that will affect the SFMA/FR Interim Assessment? (I'm booked into the 7th May assessment) Would that also be deferred until September does anyone know?

Paulacc · 26-04-2016 08:44AM

I have just started my study leave and I have a few questions that hopefully someone out there could answer or offer some advice on. Maybe someone who did Cap 2 exams lat year.

1. The exam papers go back to summer 2009. For subjects such as tax, would it be better not to go back as far as 2009 because of all the various tax changes since then?

2. Are past mock papers available online?

3. Are the revision classes worth going to?

The Script Fan · 09-05-2016 02:54PM

Hi, just wondering if anyone had revision notes they would be able to share/trade. Doing this alone and would really appreciate any help I can get. Best of luck everyone

Humour Me · 07-06-2016 12:16PM

Two weeks today folks, how is everyone getting on?

If I did nothing but SFMA for the next 2 weeks, I still don't think I would pass it ðŸ˜•

sureacacap2 · 07-06-2016 04:35PM

Panicking pretty badly right now, and I am only doing SFMA and FR.

Not sure what strategy for studying to stick to now.

AtticusFinch86 · 07-06-2016 10:16PM

I'm doing all 4. Not sure yet how I'm fixed for them. All depends on the questions and my timing. Some days I think I'll be ok, and others, well not so ok.

At the minute I think my weakest are probably FR and Tax. If I can get the reliefs and exemptions to stick in my memory though I should be ok for tax.

What sort of study are people putting in? I'm coming home from work at about 6ish and struggling to put in more than 2.5 hours. I'm hoping I can pick up the slack a little this week. In saying that though, I'd be getting close 16-20 hours combined at the weekend so that'll make-up somewhat for the poor effort during the week.

bigmc23 · 09-06-2016 12:29AM

sureacacap2 wrote:

Panicking pretty badly right now, and I am only doing SFMA and FR.

Hammer the past papers dude

DONT PANIC · 09-06-2016 06:21PM

Does anyone have notes/sample questions on IFRS 15 ? I am repeating FR and I see that IAS 11 and IAS 18 have been replaced by IFRS 15.

DONT PANIC · 09-06-2016 06:48PM

sureacacap2 wrote: »

Panicking pretty badly right now, and I am only doing SFMA and FR.

Not sure what strategy for studying to stick to now.

I am repeating FR this year, last year I made the usual mistakes...

Don't cherry pick topics, you won't know everything in detail but at least you can take a stab at any question that pops up.

Watch your timing, literally put down the pen mid-sentence if you have to. If you make up time somewhere along the way then you can always go back to the question at the end.

Don't rely on the open book in the exam. You're wasting valuable time using them. Study as though it's closed book.

Just start practicing exam papers, the first few will be rough but you'll get into it.

Good luck!

accounting_101 · 10-06-2016 11:18PM

Hi, Just wondering if any one has the Auditing Mock Solution for 2016? Also I am really struggling to grasp audit so wondering if anyone has any good notes/ Tips?

Thanks in advance!

dyanne · 13-06-2016 07:02PM

@ accounting_101

Did you get the Solution? if not, pm me your email address and I'll send it on

accounting_101 · 17-06-2016 11:07AM

Has anyone got any notes/sample questions in relation to IFRS 15 they would be able to pass on? Repeating FR this year and don't have any material for IFRS 15 and the chapter is not covered in the old edition of the book

GoldFour4 · 20-06-2016 07:43PM

How is everyone feeling? Don't know how well prepared I am at this stage for tax tomorrow. I've done loads of exam papers and have learned off rules to the best I can. Just hoping that they don't throw major curveballs at us.

Lyra Fangs · 20-06-2016 08:24PM

malistheman wrote: »

How is everyone feeling? Don't know how well prepared I am at this stage for tax tomorrow. I've done loads of exam papers and have learned off rules to the best I can. Just hoping that they don't throw major curveballs at us.

I have done enough question ones, just didn't have enough time. Solid on CGT, CAT and SD though. Really just looking forward to it being all done now.

Good luck tomorrow

Humour Me · 20-06-2016 08:52PM

Good luck to everyone over the next few days!!

AtticusFinch86 · 21-06-2016 03:15PM

Well. One down and 3 to go. How did everyone get on today?

In general I thought it wasnt as bad a paper as some of the previous papers I had read. I managed to answer all parts of each question with the exception of a part iii) of q4 so I'd be very disappointed if I couldn't scrape 50%. I made a few errors but hopefully nothing major.

GoldFour4 · 21-06-2016 03:39PM

AtticusFinch86 wrote: »

Well. One down and 3 to go. How did everyone get on today?

In general I thought it wasnt as bad a paper as some of the previous papers I had read. I managed to answer all parts of each question with the exception of a part iii) of q4 so I'd be very disappointed if I couldn't scrape 50%. I made a few errors but hopefully nothing major.

Didn't think it was too bad compared to some past papers. There were some tricky parts. There were parts where I think I answered quite well and others which will definitely bring me down. Hopefully I got over the line though.

Lyra Fangs · 21-06-2016 04:04PM

malistheman wrote: »

Didn't think it was too bad compared to some past papers. There were some tricky parts. There were parts where I think I answered quite well and others which will definitely bring me down. Hopefully I got over the line though.

Did not like the paper. A lot of what came up were shaky areas for me, didn't really feel confident about anything

Hopefully I'll pass though, I felt there was a lot more theory than normal and I definitely found past papers to be easier.

Cap 2 2016

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