Students without prior public accounting internships or work experience are required to take the course. Students discuss methods of distilling key financial and managerial accounting information, as well as motivating and aligning management to act in the firm's best interests.
The sheer volume of your CIMA case study pre seen material can be a daunting propsect. Background and history of the company Main people working at the business Where the company is right now Financial statements Industry outlook And much more Even a quick glance through can be overwhelming.
Because a thorough pre seen analysis is a key part of your exam prep.
If you want to pass that is! Ensure that you are very familiar with the business, especially the financial information, before the exam as this will help you with applying your knowledge and will save you time. Similarly, an awareness of the industry that the business is in will help you to think of the wider issues that might impact on decisions that you could be asked to comment on.
You see, when panning for gold, you go to a river and dig up a number of rocks and sand with a little pan. You then have to shake the contents around until you end up with these little golden flakes. So how does this apply to CIMA case study pre seen analysis?
Well, the case study material is like the river. So you have to go through a filtering process. You go through the text, paragraph by paragraph, page by page, using your theoretical models learned in the objective papers.
These are your golden nuggets.
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And as with panning for gold, you can end up wasting hours of time and effort for no reward. Or know what a real golden nugget looks like. This is particularly important given that you need to spend the majority of your preparation time on attempting mock exams under timed conditions and getting expert feedback.
Because without this you will have no idea whether your exam technique will be sufficient to pass the real thing. Okay, so what do you need to achieve by the end of your pre seen analysis?
Well here are the main things you want to uncover: A clear picture of what the organisation does and the industry it operates in How the business is performing and where it is heading A list of the key issues facing the organisation that are likely to come up in your exam How to deal with such issues to get a clear pass The key topics from the E, P and F pillar papers that are relevant to this particular case Your own financial interpreation of the figures provided Now there are two ways you can go about getting these results: Scrolling down to your paper on my blog here: Give Yourself An Overview Skim through the material quickly a couple of times to get a feel for what the case is about.
Detailed Pre Seen Analysis Go through the case in detail — line by line, paragraph by paragraph, taking notes. A P paper review — Using your knowledge from the P paper on your level, analyse the risks facing the organisation and how they could be managed.
Ideally at this stage you should already be revising the key models from each of the objective test papers on your level. You can do that here:Another important aspect of analyzing a case study and writing a case study analysis is the role and use of financial information.
A careful analysis of the company's financial condition immensely improves a case . Case Study Scenario: This is a case study about Human Resources Management challenges faced by a retail organization.
Each team is recommended to analyze the scenario and proposed an appropriate HRM solution(s) to meet these challenges. Accounting for Managers Case iridis-photo-restoration.com - Download as Word Doc .doc /.docx), PDF File .pdf), Text File .txt) or read online.
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ect leader on the Global Hospitality Accounting Common Practices, HFTP Global Past President and a frequent speaker at HFTP educational events. Management review is also shown to be critically important for all compa-nies in detecting fraud. Meanwhile, it is interesting to note that fraud in all Case study 2: Prestigious Boutique hotel.
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