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FAE 2018

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Comments

  • #502
    pixie11123
    Registered Users Posts: 33 ✭pixie11123


    Willoflood wrote: »
    Anybody know when the board report is out?

    https://www.charteredaccountants.ie/docs/default-source/dept-exams/pec-reports/faec-report-october-2018.pdf?sfvrsn=4


  • #503
    Willoflood
    Registered Users Posts: 15 ✭Willoflood


    Anybody know when the board report is out?


  • #504
    LoLo86ACA
    Closed Accounts Posts: 31 ✭LoLo86ACA


    its out see the above link


  • #505
    LoLo86ACA
    Closed Accounts Posts: 31 ✭LoLo86ACA


    Iv just booked the Jan 18 resit for APM


  • #506
    peanutgirl
    Registered Users Posts: 11 ✭peanutgirl


    Does anyone have APM past paper from 2014 backwards?
    thank you!


  • #507
    Somavar
    Registered Users Posts: 34 ✭Somavar


    Congrats to all who passed.
    For those that haven’t, I have been asked by someone who’s been through it all to offer this advice. Insist on being given a copy of your script! It was very difficult to get in the past but you can get them now. Best of luck in the resits!


  • #508
    fishy_fishy
    Registered Users, Registered Users 2 Posts: 452 ✭✭fishy_fishy


    What is everyone doing with their books now? seems such a waste to put them in the recycling. Are they of any use as extra reference texts for people doing ACCA?


  • #509
    The J Stands for Jay
    Registered Users, Registered Users 2 Posts: 5,810 ✭✭✭The J Stands for Jay


    fishy_fishy wrote: »
    What is everyone doing with their books now? seems such a waste to put them in the recycling. Are they of any use as extra reference texts for people doing ACCA?

    Someone doing ACCA had already asked for my notes on the accounting standards and the cheat notes. I might try and dump my books on him too ;)


  • #510
    acawarrior
    Registered Users Posts: 128 ✭✭acawarrior


    If you fail the aaa elective can you carry forward your interim assessment mark from April instead of repeating the interim again?


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  • #511
    Tuk Tuk Darjeeling
    Registered Users Posts: 9 ✭Tuk Tuk Darjeeling


    Somavar wrote: »
    Congrats to all who passed.
    For those that haven’t, I have been asked by someone who’s been through it all to offer this advice. Insist on being given a copy of your script! It was very difficult to get in the past but you can get them now. Best of luck in the resits!

    I don't believe a copy of your script will be any use to you. I failed my APM first go and I got a tutorial report that had much more useful insight and was honest in its appraisal of my failed effort.

    I believe it was the difference when i passed on my second attempt at it.
    very best of luck to you who has to go again, I have never looked back since i passed on my second attempt and my career has not suffered one iota, i have never ever been asked how many times did i attempt my FAEs in my job interviews and I have a good job now.


  • #512
    Tuk Tuk Darjeeling
    Registered Users Posts: 9 ✭Tuk Tuk Darjeeling


    acawarrior wrote: »
    If you fail the aaa elective can you carry forward your interim assessment mark from April instead of repeating the interim again?

    Yes you can carry forward your interim score, I did when i repeated.


  • #513
    DonalCr
    Registered Users Posts: 4 ✭DonalCr


    Does anyone have a copy of the 2017/18 competency statement? Thanks


  • #514
    sunnyclare
    Registered Users, Registered Users 2 Posts: 18 ✭sunnyclare


    Anyone has AAFRP notes, PDFs ?

    I have not started looking at this at all!
    Just got access to lectures online!

    Any help would be appreciated!


  • #515
    mydiscworld
    Registered Users, Registered Users 2 Posts: 801 ✭✭✭mydiscworld


    pixie11123 wrote: »
    https://www.charteredaccountants.ie/docs/default-source/dept-exams/pec-reports/faec-report-october-2018.pdf?sfvrsn=4

    Wow

    Core 94% pass rate
    AAA 82%
    APM 81%
    Tax ROI 82%
    Tax NI 75%

    Compared to just 55% passing in 2011 during the recession, when they wanted less qualifying...
    https://www.boards.ie/vbulletin/showthread.php?p=95389385#post95389385


  • #516
    ACAguy
    Registered Users, Registered Users 2 Posts: 242 ✭✭ACAguy


    Is anyone repeating tax elective?


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  • #517
    Cinnym
    Registered Users Posts: 50 ✭✭Cinnym


    I am sitting the repeat Tax Elective in Jan. I am more nervous about it now then I was sitting the elective during the summer.


  • #518
    Apmagain
    Registered Users Posts: 1 ✭Apmagain


    Did anyone else just do the APM interim resit?!

    What the hell was that?!....


  • #519
    sportsfan102
    Registered Users Posts: 1 ✭sportsfan102


    Apmagain wrote: »
    Did anyone else just do the APM interim resit?!

    What the hell was that?!....

    Yeah the second indicator was very tough, I left it until last but ran out of time, didnt think that was examinable


  • #520
    heretothere
    Registered Users, Registered Users 2 Posts: 635 ✭✭✭heretothere


    sportsfan102 wrote: »
    Yeah the second indicator was very tough, I left it until last but ran out of time, didnt think that was examinable

    I didn't do it, I have a good mark to bring forward thankfully. What was the indicator about?

    Did ye go to the revision course? Anything good come up? I planned to go but life happened


  • #521
    Fae2018
    Registered Users Posts: 3 ✭Fae2018


    For the tax elective do people include their tax calculations in the answer or an appendix? Bit confused how to go about it, as most solutions have them included in question and not an appendix


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  • #522
    LoLo86ACA
    Closed Accounts Posts: 31 ✭LoLo86ACA


    Fae2018 wrote: »
    For the tax elective do people include their tax calculations in the answer or an appendix? Bit confused how to go about it, as most solutions have them included in question and not an appendix

    I don’t think it matters but I’m only going by the APM some calculations are in the body of the question and some are in appendix - currently up the walls


  • #523
    Cinnym
    Registered Users Posts: 50 ✭✭Cinnym


    Fae2018 wrote: »
    For the tax elective do people include their tax calculations in the answer or an appendix? Bit confused how to go about it, as most solutions have them included in question and not an appendix

    I think i did an appendix in mine but i had a few pages left in front for them.

    Its so hard decided which way to go.
    One paper stated that no marks were given to an executive summary.
    Im assuming we still do conclusions & recommendations


  • #524
    tax_tutor1
    Registered Users, Registered Users 2 Posts: 110 ✭✭tax_tutor1


    Cinnym wrote: »
    Fae2018 wrote: »
    For the tax elective do people include their tax calculations in the answer or an appendix? Bit confused how to go about it, as most solutions have them included in question and not an appendix

    I think i did an appendix in mine but i had a few pages left in front for them.

    Its so hard decided which way to go.
    One paper stated that no marks were given to an executive summary.
    Im assuming we still do conclusions & recommendations[/quote
    Two quick points
    A good executive summary would count for professional competence marks.
    Small calculations should be included in the main body of your solution while longer detailed computations should ideally be in the appendices to the solution. This is not always possible from a time management viewpoint.


  • #525
    Cinnym
    Registered Users Posts: 50 ✭✭Cinnym


    tax_tutor1 wrote: »
    Cinnym wrote: »

    I think i did an appendix in mine but i had a few pages left in front for them.

    Its so hard decided which way to go.
    One paper stated that no marks were given to an executive summary.
    Im assuming we still do conclusions & recommendations[/quote
    Two quick points
    A good executive summary would count for professional competence marks.
    Small calculations should be included in the main body of your solution while longer detailed computations should ideally be in the appendices to the solution. This is not always possible from a time management viewpoint.

    Thanks for that


  • #526
    ACAguy
    Registered Users, Registered Users 2 Posts: 242 ✭✭ACAguy


    How are people feeling for the results friday


  • #527
    LoLo86ACA
    Closed Accounts Posts: 31 ✭LoLo86ACA


    Sick!! Don't feel confident at all!! Just don't know how someone can pass every exam first time and then struggle with APM - 4th attempt very frustrating


  • #528
    Cinnym
    Registered Users Posts: 50 ✭✭Cinnym


    Really don't want to sit that again.
    Had a massive headache after the exam.
    Hope we all did enough to get over the line.


  • #529
    Fae20
    Registered Users Posts: 1 ✭Fae20


    Really nervous. Can't stop thinking about Friday..never want to sit tax again. Hoping I picked up on the questions and what they were asking properly..


  • #530
    ACAguy
    Registered Users, Registered Users 2 Posts: 242 ✭✭ACAguy


    Have not stopped thinking about it since i sat exam. It's strange that they are out so quick. I just hope to god I get it. Is anyone waiting on CORE?


  • #531
    WhyAPM
    Registered Users Posts: 2 ✭WhyAPM


    Am so nervous! 4th attempt at APM yet got core first time! Just can't seem to get over the line..has anyone else really struggled with APM?
    Good luck guys fingers crossed..


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  • #532
    LoLo86ACA
    Closed Accounts Posts: 31 ✭LoLo86ACA


    Yes I am the same!! Passed Core first time and failed APM 3 times already each time I was told on the feedback report that the knowledge and understanding is there just lacks exam technique - like what the actual ****


  • #533
    fb1992
    Registered Users Posts: 1 ✭fb1992


    Same with me on APM, 3rd time sitting. Haven't had much bother with any other topics and where I have I've known where I'm going wrong. Fingers crossed for tomorrow.


  • #534
    LoLo86ACA
    Closed Accounts Posts: 31 ✭LoLo86ACA


    Do we think they will be out at midnight like before?!?


  • #535
    ACAguy
    Registered Users, Registered Users 2 Posts: 242 ✭✭ACAguy


    Ye I think midnight literally shaking


  • #536
    LoLo86ACA
    Closed Accounts Posts: 31 ✭LoLo86ACA


    ACAguy wrote: »
    Ye I think midnight literally shaking

    You and me both.....worried sick


  • #537
    heretothere
    Registered Users, Registered Users 2 Posts: 635 ✭✭✭heretothere


    They're up. Failed APM again! Now which to move to, but that's a query for another day


  • #538
    LoLo86ACA
    Closed Accounts Posts: 31 ✭LoLo86ACA


    Sorry to hear you failed!! Don’t give up and keep at it. I passed by the skin of my teeth on my 4th attempt - hard work and determination does pay off.


  • #539
    WhyAPM
    Registered Users Posts: 2 ✭WhyAPM


    Congrats to all who passed, I too got it on the 4th attempt thank god! Don't think I could have gone through it again!

    For those who didn't get it, don't give up, keep going and you will get there.

    Remember slow and steady wins the race!!


  • #540
    LoLo86ACA
    Closed Accounts Posts: 31 ✭LoLo86ACA


    This was my 4th attempt at APM and back in October I came across James Perry Exam Coach and honestly it was my sessions with James that got me over the line this time his details are below........

    James Perry is Owner of James Perry Exam Coaching, a provider of specialised exam coaching services giving clients a unique perspective on how to pass exams. Further details can be found at jamesperryexamcoaching.com<https://jamesperryexamcoaching.com/>. He can be contacted on 07753460143, email jamesperryexamcoaching@gmail.com or connected with on LinkedIn or Facebook.


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  • #541
    JPK87
    Registered Users Posts: 6 ✭JPK87


    Quick question for ye lot, i failed my Advanced Audit for the 2nd time but passed the core(thankfully). Would any of ye have any tips as to how i get over this hurdle? i just can't seem to get it right with this elective exam?

    Should I have done the APM(now advisory) instead, is there something inherently harder about this audit exam?

    Would ye recommend that i change to APM?

    Any help at all will be fantastic, thanks.


  • #542
    LoLo86ACA
    Closed Accounts Posts: 31 ✭LoLo86ACA


    JPK87 wrote: »
    Quick question for ye lot, i failed my Advanced Audit for the 2nd time but passed the core(thankfully). Would any of ye have any tips as to how i get over this hurdle? i just can't seem to get it right with this elective exam?

    Should I have done the APM(now advisory) instead, is there something inherently harder about this audit exam?



    Would ye recommend that i change to APM?

    Any help at all will be fantastic, thanks.

    I don’t think APM is any easier I was unsuccessful three time - In all honesty it most likely a mental block and as I said in my last post James Perry the exam coach did wonders for me.....honestly you should look him up and do some research....you won’t be disappoint


  • #543
    JPK87
    Registered Users Posts: 6 ✭JPK87


    LoLo86ACA wrote: »
    I don’t think APM is any easier I was unsuccessful three time - In all honesty it most likely a mental block and as I said in my last post James Perry the exam coach did wonders for me.....honestly you should look him up and do some research....you won’t be disappoint

    OK, that's a relief, it'll just mean less new material to cover. it's just I was advised by a number of colleagues to do APM, and in retrospect I wonde would it have made any difference.

    I agree on the mental block. It was definitely a factor in the repeat for me.

    On the exam coach I'll be adding that to my list of to-do's for the exam this year.

    Thanks man!


  • #544
    maddy1026
    Registered Users Posts: 27 ✭maddy1026


    JPK87 wrote: »
    Quick question for ye lot, i failed my Advanced Audit for the 2nd time but passed the core(thankfully). Would any of ye have any tips as to how i get over this hurdle? i just can't seem to get it right with this elective exam?

    Should I have done the APM(now advisory) instead, is there something inherently harder about this audit exam?

    Would ye recommend that i change to APM?

    Any help at all will be fantastic, thanks.

    I was in your same position last year having failed the audit elective twice. I switched to tax as I find that audit is too subjective. At least with tax and even APM , you know if you got the right answer as there are calculations involved.

    On the other hand , I do have a mate who passed the audit on his third attempt. If you think you like numbers more , it might be worthwhile to consider a switch.


  • #545
    JPK87
    Registered Users Posts: 6 ✭JPK87


    maddy1026 wrote: »
    I was in your same position last year having failed the audit elective twice. I switched to tax as I find that audit is too subjective. At least with tax and even APM , you know if you got the right answer as there are calculations involved.

    On the other hand , I do have a mate who passed the audit on his third attempt. If you think you like numbers more , it might be worthwhile to consider a switch.

    I agree, I've always found the more subjective a topic got in any exam the more trouble I got into. I'm currently in the process of reviewing the APM and tax paper. Was the tax paper tough?


  • #546
    maddy1026
    Registered Users Posts: 27 ✭maddy1026


    JPK87 wrote: »
    maddy1026 wrote: »
    I was in your same position last year having failed the audit elective twice. I switched to tax as I find that audit is too subjective. At least with tax and even APM , you know if you got the right answer as there are calculations involved.

    On the other hand , I do have a mate who passed the audit on his third attempt. If you think you like numbers more , it might be worthwhile to consider a switch.

    I agree, I've always found the more subjective a topic got in any exam the more trouble I got into. I'm currently in the process of reviewing the APM and tax paper. Was the tax paper tough?
    Wasn't too bad . Felt a lot easier to prepare for than the audit and I was a lot more confident in the exam.


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  • #547
    peanutgirl
    Registered Users Posts: 11 ✭peanutgirl


    Hi Everyone
    I was wondering if the institute would allow me to sit again after my fourth attempt. Anyone in the same boat as me?
    Also I want to change my elective from APM to Tax. Any advise regarding this?


    Cheers!!


  • #548
    JPK87
    Registered Users Posts: 6 ✭JPK87


    peanutgirl wrote: »
    Hi Everyone
    I was wondering if the institute would allow me to sit again after my fourth attempt. Anyone in the same boat as me?
    Also I want to change my elective from APM to Tax. Any advise regarding this?


    Cheers!!


    I've heard conflicting information myself, but heres number direct to those who deal with it. 01-5233926. They'll be able to give you a straight answer.


  • #549
    DP79511
    Registered Users Posts: 11 ✭DP79511


    Hi
    Can anyone offer advice guidance on the Ca diary. Ive recently passed my fae on the elevation programme . Iam not working in a firm and at the moment getting little exposure to the competencies that iam suppose to hit in the diary... i am way behind in the diary also and have until september to complete. Just wondering if anyone out there has any insights into the diary from experience or from there work etc

    Many thanks!


  • #550
    boring accountant
    Registered Users Posts: 335 ✭✭boring accountant


    Sorry for the off topic but there's no CAP 2 thread to ask this:

    For the Audit interim assessments they've given us a shortlist of topics

    ""The shortlist of Financial Statements areas for the CAP2 Audit and Assurance Interim Assessment taking place on Saturday 6 April are as follows:
    1. Inventories
    2. Property, plant and equipment
    3. Trade and other payables
    4. Revenue""

    Does this mean that there's no chance that Ethics can come up?


  • #551
    fishy_fishy
    Registered Users, Registered Users 2 Posts: 452 ✭✭fishy_fishy


    boring accountant wrote: »
    Sorry for the off topic but there's no CAP 2 thread to ask this:

    For the Audit interim assessments they've given us a shortlist of topics

    ""The shortlist of Financial Statements areas for the CAP2 Audit and Assurance Interim Assessment taking place on Saturday 6 April are as follows:
    1. Inventories
    2. Property, plant and equipment
    3. Trade and other payables
    4. Revenue""

    Does this mean that there's no chance that Ethics can come up?

    Personally I wouldn't ever leave out ethics or controls from my study. Be very surprised if they prevented ethics from being asked. I always took it that those were the areas where you could be asked about substantive testing.


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