Continuous Assessment

The areas of assessment in CAP1 are in Double Entry Bookkeeping and Management Accounting. In CAP2 the areas assessed are in Strategic Finance and Management Accounting and Audit & Assurance. In FAE Core in Performance Management.

CAP1: Double Entry Bookkeeping (DEBK)

Double Entry Book-keeping is a core part of basic financial accounting knowledge, to highlight the importance given to this core skill, a dedicated Double Entry Book-keeping Assessment is now mandatory for all students taking the Financial Accounting Paper.

Students must achieve competency of 60% or more in order to be eligible to sit any of their CAP1 examinations.

CAP1: Management Accounting

The Management Accounting continuous assessment will contribute 15% towards the CAP1 Management Accounting exam. The assessment will last for 75 minutes and it will focus in the area of Cost Accounting (Syllabus Reference CAP1 Management Accounting: 1.2, 4.1, 4.2, 4.3 and 4.4. See Competency Statement 2011/2012 for further details). A sample paper is currently availabe on the student site.

CAP2: Strategic Finance & Management Accounting (SFMA)

This exam is a 90 minute open book exam and can contribute up to 15% of the final CAP2 SFMA examination mark. A case study will be given to all students approximately four weeks before the exam date. Sample and Past Papers are on the student site.

CAP2: AUDIT & ASSURANCE

This assessment is a 90 minute open book exam in practical Auditing. This assessment can contribute up to 15% of the final CAP2 Audit examination mark. A Short-list of Financial Statements will be provided to students approximately four weeks before the exam date.

FAE CORE

At FAE, one of the core competencies is Performance Measurement, which includes Financial Accounting and Reporting. To emphasise this key area, there will be a piece of continuous assessment: Advanced Application of Financial Reporting Principles (AAFRP).

The aim of this assessment is to assess students' technical ability, judgement and decision making abilities through double entry accounting, presentation of financial information and financial reporting disclosure.

The assessment will be open book and last 110 minutes. Candidates will be presented with a question/answer booklet, containing 11 questions for completion. Additional information on the assessment can be found in the supporting textbook: "FAE Core - Advanced Application of Financial Reporting Principles (AAFRP) Toolkit".

The assessment will contribute to students' final result for FAE Core. A sample paper is currently available on the student web portal. The weighting of this assessment will be 1 Performance Measurement Indicator.

IMPORTANT NOTICE: The closing date for the FAE exam enrolment is 3rd February, if a student is repeating the FAE CORE is it vital a completed form is submitted by this date as the FAE Assessment is due to take place on April 28th. When the form is submitted to us, you will be issued with the AAFRP toolkit by post. The Sample papers are available on the Student Site.

TEST DATES FOR 2011/12

CAP1 Competency Statement 2011/2012

CAP2 Competency Statement 2011/2012