First Intuition Scotland

First Intuition Scotland We are the Scottish First Intuition centre and provide courses and support for professional accounti

03/05/2017

Well finally got round to drinking the wine that we won at the ICAEW AGM. What a fabulous event and all the better for my clever team achieving third in the quiz! I am assured that to come first would have been rude.
My congratulations on our little Miss and Mr man knowledge.

21/04/2017

What a great night at CIMA AGM in Dundee. It was great to see such an enthusiastic committee with exciting events and ideas ready for the next year. The highlight for me has to be the talk of a student conference in Aberdeen in September. Lets hope we can make it happen!

26/03/2017

Happy mothers day to all those hard working and hard studying mums. I know today will be tough to come into study but we do understand as most of our tutors are mothers too.... and if they aren't mothers they certainly had a mother ;) so make that breakfast count and we will see you soon!

26/03/2017

Quick reminder the clocks went forward last night but.... so did most of your smart phones etc so double check your time with the TV or reputable web site and make sure you aren't late! And that you grab one of those yummy coffees on the way in to help with the early start.

06/03/2017

Well time for a CIMA post. It is time to start thinking about the next case study. We will hopefully manage to get some analysis and chat here as well as in the classroom. I must admit I am looking forward to these first few weeks. My first bit of advice is to try and experience or understand the product and related industry - so with the bath products a few sittings ago I spent a lot of time relaxing, and don't even get me started on the one relating to airports! Watch this space and we will discuss.

06/03/2017

I thought I would share with you a quick ACCA P3 hint - or lets just say something that drives me nuts when reviewing answers! Mendelows matrix has a low interest, low power box which has the title minimal effort... this is not holding meetings and giving them info this simply means ignore them and if required by law to do something do it. The same goes for the high interest low power, these people should not be brought together under any circumstances so press releases are great. As soon as you get them together they will form a group that can then start demonstrating lobbying MPs and therefore gaining power. Remember the golden rule the less people who are key players the better.
Hope that helps

01/03/2017

This time next week it will be two of my favorite ACCA papers the delightful P5 and the awesome P1.
So lets start with P5 the best and last word of advice is to read the question and then read it again! watch out for the little words 'why' would we use this technique? or 'how' would we use this technique? or even is this technique suitable!
You wont often find the main focus of the question is can you use this technique. To put it bluntly you have done that in the F5 paper so this is the higher level skill of showing that you understand what you are doing and aren't just going through some rote learned motions... keep that in mind and the paper suddenly makes sense :)
As for P1, well the problem with this paper is the lack of content to actually use to hang your answer on. This means that most papers will have a what are the risks question with a dabbling of ethics - the AA model is great here although the quick 5 questions are always handy.
The scenarios will always be lengthy as they must contain the answer so if you know your theory and have an idea about risk and the control cycle then this becomes little more then an English interpretation exam. Again don't over complicate it and justify your answer with quotes from the scenario - just like you would in that English exam.
With both papers stick to the point don't overwrite and ensure that the question is answered... if you tend to loose your focus stop and reread the question then think does my answer answer it!

Best of luck with the rest of your studies and focus on those old exam papers.

27/02/2017

So we are nearly there. In fact this time next week F8 and P7 for ACCA should be in the bag. The question that I am getting asked most at the moment is what is the best tip you can offer for the audit papers?
Ironically, based on the feedback for the examiners I would have to offer the same advice for both papers :- please make sure you can tell the difference between 'Test of Controls' and 'Substantive tests' and if it asks for one then do it!!

The basics are test of controls is about making sure that the controls exist and are followed... control = signature on invoice to ensure that purchase is approved before payment,
therefore check invoices are signed by approved people. This will involve getting lists of authorised signatures etc.

Substantive tests are all about substantiating that what we want happen has occurred (regardless of the effectiveness of the controls),
so grab a variety of invoices (obviously, more technically based selections would be appropriate in the exam ;) ) and check that they are genuine purchases... not necessarily signed.

I hope that helps and best of luck next week.

08/02/2017

I have had a request for a face to face ACCA P3 revision. I am going to schedule that in to our timetable for weekends let me know if you want to join us?

24/01/2017

Have you seen the new timetable? We have a good selection of CIMA courses already listed and need your input on what ACCA courses you would like to see running as well. We are also working hard with ICAEW so let us know if you are interested...

14/01/2017

So what an exciting couple of days! Firstly how did your exams go? Remember, whatever happened this is the perfect time to let us know what we can do to help. As that old advert used to say it is good to talk. 😁
We also had some great news - we have been reviewed by CIMA and have been given their accreditation!
So join us this weekend to celebrating fresh starts and big successes.

11/01/2017

Lots of things to do as we get ready to launch our first new courses starting in February. With the snow\rain falling outside it seemed nice to curl up in front of the fire with a good coffee and some question books. I can't wait to see the difference the great questions in the kits are going to make to pass rates.

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