Giveaway Time

Its finally Friday and we’re feeling super generous.

What is up for grabs?

  • A 2 hour one to one session with an experienced YAT tutor
  • A personalised study plan for your next exam
  • A mini mock case study exam

To enter the giveaway follow the two instructions below

AND

  • Email to tell us why you chose to study CIMA  -> info@youraccountingtutor

 

This giveaway closes Sunday 15th October at midnight (GMT)

Good luck!

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Advice from a fellow student

A big congratulations to students who passed their case study exam. You must be feeling relieved and excited to take on the next challenge. You’re one step closer to becoming a chartered accountant.

Unfortunately not everyone got the result that they were hoping for.  Life happens and you have another opportunity to turn it around.  We’d like to share advice from a fellow student for those who have to re-sit the exam.

“Sorry to hear that you have failed and I know how it feels as I have been through what you going through right now. My first advice to you is to stay positive and  do not lose heart. Do not be at war with CIMA or the examiners but rather focus on your studies to pass next time.

Secondly, expect the worst and be prepared for it.  You do not know what you are going to get on the exam. I nearly passed on my second and third sitting with a score of 77 and scored 53 on my fourth sitting and less than 70 on my fifth and sixth sittings. So guess what was going on in my head after six sittings. I sometimes would think I am never ever going to pass this exam. Sometimes I would think that I am blacklisted at CIMA and I was being punished.  So I really have been there and maybe worse than what you have experienced.

Thirdly, believe in yourself and study SMART. Try to find out exactly what you are doing wrong because there is something that you are really missing and then work on that to increase your chances of passing.

Lastly, try to analyse the pre-seen yourself and then look at other people’s analysis. If you start disagreeing with other people’s analysis then you are starting to get a grip of the pre-seen, however the point is not just to disagree with other people’s analysis, as they will have some good points,  but to make sure that you have that full understanding of the pre-seen which will then enable you be creative in answering. Try to find s study resource which works for  you and stick with that. Most importantly, make sure you are prepared for the worst of the worst. Train harder and fight easy!”

We hope you feel encouraged.

 

AutoAuto – CIMA Case Study

The pre-seen material for the August Operational Case Study is out and it’s time for business.  6 weeks is plenty of time to prepare for the exam… if you are organised. Utilise the time that you have and ensure that you are well prepared for the exam.

Our recommended 6 week plan

Week 1 – Read Pre-seen and highlight key points

Week 2 – Industry research

Week 3 – Exam Practice (E3 and F3)

Week 4 – Exam Practice (E3 and P3)

Week 5 – Revisit Pre-seen and Exam practice

Week 6 – Final Exam preparation

 

Companies to research

Mobileye  http://www.mobileye.com/en-uk/

Delphi – https://www.delphi.com/

Waymo – https://waymo.com/

Nvidia http://www.nvidia.com/object/drive-px.html

Useful articles

https://www.ft.com/content/8ec8079c-66a6-11e7-8526-7b38dcaef614?mhq5j=e1

https://www.progressive.com/lifelanes/7-car-tech-safety-features/

http://www.zdnet.com/article/forget-self-driving-cars-heres-how-driverless-trains-are-moving-ahead/

http://uk.businessinsider.com/best-tech-features-in-new-cars-2017-3?r=US&IR=T/#digital-instrument-panel-11

https://www.ft.com/content/0eaef0be-aa88-11e6-9cb3-bb8207902122?mhq5j=e1

https://www.ft.com/content/973f2f5c-6649-11e7-8526-7b38dcaef614?mhq5j=e1

Premium Trains – CIMA Case Study

Ready …Set….Go!

The pre-seen material for the August Operational Case Study is out and it’s time for business.  6 weeks is plenty of time to prepare for the exam… if you are organised. Utilise the time that you have and ensure that you are well prepared for the exam.

Our recommended 6 week plan

Week 1 – Read Pre-seen and highlight key points

Week 2 – Industry research

Week 3 – Exam Practice (E1 and F1)

Week 4 – Exam Practice (E1 and P1)

Week 5 – Revisit Pre-seen and Exam practice

Week 6 – Final Exam preparation

 

Useful articles and links 

Pre-seen: https://connect.cimaglobal.com/system/files/resource/August2017_ocs_pre-seen.pdf

http://www.railway-technology.com/

http://www.raildeliverygroup.com/

https://www.gov.uk/government/collections/rail-franchising#south-eastern-franchise

http://www.telegraph.co.uk/news/2017/02/01/end-rip-off-rail-fares-ticket-pricing-system-gets-overhaul/

http://www.which.co.uk/consumer-rights/advice/can-i-get-compensation-for-train-delays-and-cancellations

Companies to research

Hitachi Rail Europe: http://www.hitachirail-eu.com/

UKRL: http://www.ukrl.co.uk/

Siemens Rail Systems: https://goo.gl/aupzJz

https://www.thetrainline.com/about-us

ORR: http://www.orr.gov.uk

Force Field Analysis

This is a simple model created by Kurt Lewin which helps us to identify factors driving or opposing a proposed change.  You can apply this model to any scenario for example in the work environment, exams and personal life

  • When driving forces are equal to opposing forces -> equilibrium
  • When driving forces are greater than opposing force -> proposed change goes ahead
  • When opposing forces are greater than driving forces -> proposed change is resisted

If you are leading the change, you can use this model to understand the opposing forces and find ways to overcome these.

.Below is an example of how we can apply this model to an exam question

Scenario

The management team of Company X are considering implementing self-checkout in their store as part of the revamp project in modernise their stores. Market research shows that the benefits of self-service technology include efficiency and speed of checkout, self-checkout take up less space and fewer employees to pay. Some of the drawbacks are the risk of theft, customers facing error messages when using the self-checkouts and the lack of personal interaction.

The results of the previous period were disappointing and the budget for capital expenditure was therefore reduced. In addition, some of the managers are concerned that the workforce will be reduced and the impact of this on day to day operations.

Driving forces

  • Need to modernise the stores – can improve the image of the company
  • Efficiency and speed – reduces queuing time
  • Space will be freed up – this can be use to stock more products
  • Buy-in from the management team

Opposing forces

  • Reduced budget for capital expenditure – this technology is costly
  • Store managers’ concerns – impact on staffing levels and disruption to the day-to-day operations
  • Risk of theft – additional security will be required which is an additional cost to the business

How did you get here?

Many students around the world are pursing a professional accountancy qualification for various reasons.  Each circumstance is different, but common goal is to complete it in the shortest time possible and boost our career prospects.

We’re keen to hear about your experience to date.  What were your reasons for pursing AAT, CIMA or ACCA in the first place?  Furthermore how did you get to where you are on this journey?

Our experience 

Reasons for studying CIMA – We were hesitant to pursue a professional qualification due to the time commitment required and it wasn’t necessary at the time. However being declined a promotion at work pushed us to consider it. The decision to study CIMA vs ACCA was mainly because of the degree studied at university.

How long did it take – 2 years & 8 months

How did we get here – hard-work, being organised, sacrifice, balancing work and studying and a social life

Comment below or email us at info@youraccountingtutor.co.uk

CIMA SCS – Fizz

The preseen for the Strategic Case Study is out and it’s an interesting one.  We can’t wait to assist you in your exam preparation.  As previously mentioned, we have some new techniques to make the exam preparation fun #wedontdoboring. Send us an email at info@youraccountingtutor.co.uk

We will be posting useful articles in this post to make it easier for you to find.

Preseen: https://connect.cimaglobal.com/system/files/resource/scs_may17_preseen.pdf

Useful Articles

http://imbibe.com/news-articles/mixer-soft/could-adhering-to-health-guidelines-spell-trouble-for-soft-drinks/

http://www.telegraph.co.uk/science/2017/04/20/diet-fizzy-drinks-linked-dementia-stroke/

http://www.belfasttelegraph.co.uk/business/news/sugar-reductions-have-not-affected-soft-drink-sales-says-cocacola-chief-35724757.html

https://medicalxpress.com/news/2017-05-schoolchildren-soft-consumption-patterns-taxing.html