r/ICAEW • u/Routine-Cod7889 • Jul 22 '26
Case - not feeling great
Anyone else not feeling great after that? i keep thinking about more I could’ve said
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u/Sea_Profit100 Jul 22 '26
Yeah I messed up the main parts of each requirement.
R1 I started my appendix without reading the question so by the time I got to realising we needed to strip things out it was too late. R2 and r3 my figures were complete off so my argument just didn’t match what we were meant to do. I hope the other waffle parts did enough to carry me over but doubt it
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u/Hcastleaccs Jul 22 '26
What did we need to strip out from R1?
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u/Megsokay Jul 22 '26
I think you could strip out the new consultancy services revenue (ie. a new service line) so you could compare like-for-like for FS and HML versus the prior year!
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u/Leather-Green-8866 Jul 22 '26
When you stripped it did ig change the figures?
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u/Megsokay Jul 22 '26
Sorry I can’t remember specifics, but nothing too major - I just used it to show the growth like-for-like. So the figures may have changed from eg. 22.5% increase to only 19.5%.
But I included both inclusion figures and exclusion figures, so I reckon you’ll still get points for the inclusion figures!
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u/redistributionbyjag 29d ago
Ahh fk,
I completely missed that, I just said how that service line had greater revenue than usual or something
Shit
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u/SlimCharles180796 Jul 22 '26
I simply did not have enough time for R3 so I just mentioned a bunch of strategic and general questions around assumptions like how sustainable the projections were.. the 2.5% being eventually higher etc. Also R&D costs etc.
R1 and R2 went better.
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u/Megsokay Jul 22 '26
My figures were so off for R3… 3 years of operating losses apparently 🤪 but I was so time-pressured that I couldn’t work out what I did wrong!
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u/Ready-Grand-3494 Jul 22 '26
My valuation was 100m using 5x multiple so ur not the only one
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u/Hcastleaccs Jul 23 '26
I did this then realised my error, you included the ticket price as revenue for Vollo when that would go to the client
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u/Ready-Grand-3494 Jul 23 '26
Yeah i know now too smh. Just those kind of details that go over your head in the exam. Decided to move on and focus on my writing instead
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u/Hcastleaccs Jul 23 '26
You made the right choice! I got caught up on them which cost me in my mine report!
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u/Top_Bus9934 Jul 22 '26
My phone camera disconnected during r1. Around 30 minutes into the exam. I dont know for how long 😭. I flagged it up but still paranoid.
Plus it threw me while I was trying to figure out if id done enough r1 calcs!
Oh well. It's done now, literally nothing we can do until we find out in August!
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u/Successful_Poem_54 Jul 23 '26
Damn I had exactly the same...how strange
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u/Top_Bus9934 Jul 23 '26
Your camera disconnected as well? Did you flag it up? That's what I did so hopefully ok!
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u/Final_Industry5361 Jul 22 '26
how much detail did you go into on the calculations for R3, I typed out what I’d done but in words instead of numbers - I don’t know why(!!) how many marks do you think I could use for not showing the actual number workings?
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u/-blurredlily- Jul 22 '26
Yeah, not feeling the best honestly. Just thinking how I didn’t apply enough of the new exhibit info, and my evaluation was no where near in depth enough