aca case study

FAR - Full Series

Learn how to ace the aca certificate level exams, financial accounting and reporting (far) , classroom tuition, online tuition.

Having scored 92% in the Case Study exam, and winning the ICAEW prize for the highest score in the world, Kieran now teaches students the analytical skills and exam technique required to emulate this success. In fact, under his guidance, one of our students also went on to win the ICAEW prize for the highest score in the world (score of 90%), whilst another won a regional prize (score of 88%). Notably, one of our prize winners was a resit student, proving that our guidance and tutoring skills create a vast level of improvement in student exam performance.

Having failed Case Study TWICE, I had seen this course pop up on YouTube whilst I tried to figure out where I was going wrong. Took the plunge to change resource providers and honestly, there are NO words to express how grateful I am! Kieran and the team guide you with a CLEAR and CONCISE approach which really helped me focus on what I needed to improve on and what I was previously doing wrong.

From past failures of 48 & 36 previously, to now a gratifying pass of 74, I am honestly on TOP of the world!!! Don't hesitate - book before its too late, honestly you won't regret it!!!

(Case Study resit student who passed first time with us)

Tuition Options

To get you through your Case Study exam, we offer:

Live Tuition

Video tuition, ai analysis and proforma report, mock exams and model answers.

CASE STUDY LIVE COURSE

(July 2024 )

The course begins by teaching you the methodology for tackling the exam, as well as passing on prize-winning tricks and tips. Kieran will provide a detailed walk-through of how you should tackle the Case Study exam, from initial Advance Information (AI) analysis through to typing you report on exam day. 

The focus of the second class is to provide an exhibit by exhibit walk-through of the November  2023  AI, clearly demonstrating how each piece of information should be used in the exam. This enables you to understand the AI in an exam focused way.

You are then given the opportunity to put these skills to the test with a series of mock exams based on the November 2023 AI. You will be required to complete the exam in your own time using the ICAEW CBE software and submit this before class. Your tutor will perform a detailed review of your attempt  so that class time can be spent coaching you on the specific areas where your report requires improvement. In addition, Kieran will explain exactly how the exam should have been tackled and demonstrate this with his prize-winning model answer. 

PASS GUAR ANTEE

In the unlikely event that you fail your exam (we had a 100% pass rate for the July 2022 exam and 98% for November 2022), we will automatically enrol you on subsequent courses until you pass your exam. There will be no extra cost to you. This reflects our commitment to getting you qualified, as well as the confidence we have in our track record. In order for the pass guarantee to apply, you must attend all classes and complete all required work. 

TUITION FEES AND BOOK ING

The tuition fee is £1,100   plus VAT  which  includes:

Proforma reports to use in the exam with reminders of the points to include for each section

A comprehensive analysis of the AI which identifies all the key facts and figures, showing where they are likely to appear in the exam

A list of probable exam scenarios and a reminder of the key points to include

Mock exams, marking grids and model answers which demonstrate exactly how you should write your points in the exam

Access to our Case Study video classes which are used as a preparatory and revision tool (see below)

Please contact us here for availability and course dates. 

Tuition is held online. Online tuition operates in exactly the same way as face-to-face tuition. Our online classroom uses video conferencing (Zoom) and electronic study materials. Many students prefer online tuition as they feel more comfortable asking questions using the chat function and because it saves travel costs and time. Classes are recorded so that you can watch each class as many times as you need before your exam. ​  

CASE STUDY VIDEO COURSE

The expected release date for the 2024 course is 13 May 2024 . If you wish, you may decide to purchase the 2023 video course now so that you can make a start with your exam preparation. Any updated video course content will be uploaded once available so you will automatically have access. We will also include a separate video explaining any significant syllabus changes (if applicable). 

As our live course is always over-subscribed, Kieran has recorded a video course. The video course teaches the same content and exam techniques as the live course. ​ ​The course structure and a free  sample class can be found below. 

Classes 1-3: How to Ace the ACA Case Study (available now )

The introductory classes will teach you the prize-winning Case Study exam approach which has been proven to deliver unrivalled success and will cover:

The technique which will enable you to score 90%+ on each requirement

A step by step walk-through of how you should tackle each requirement in the Case Study exam. Each class uses a recent Case Study exam to provide a practical demonstration of how to read and interpret the requirement; how to use the AI; how to use the exam paper information; how to structure the report; and what points to include in each section 

How to ensure that every point you type is a mark scoring one

How to utilise the AI and exam paper information to maximum effect

The optimal proforma report and paragraph structure for time efficiency and mark maximisation 

Time minimisation techniques

Each class focusses on one of three Case Study requirements. Each class covers the respective section in the Executive Summary.

Class 4: November 2023 Advance Information Masterclass (available now )

Expert advice on how to use the AI in your exam preparation, which includes:

A comprehensive analysis of the AI and identification of key facts, figures and trends 

Consideration of how each piece of information is likely to feature in the exam

Probable exam scenarios for each requirement and recommended approach to take

Class 5: November 2023 Mock Exam 1 - Debrief* (available now )

A full debrief of our first mock exam where Kieran will teach you exactly how you should have read and interpreted the exam as well as how you should have typed your answer, with reference to his prize-winning model answer.

The class focusses on each requirement in turn and provides detailed advice as to how you should work through the requirement. This enables you to fully understand how to apply the prize-winning technique to your particular Case Study business and the type of points you should include in your report. 

Class 6: November 2023 Mock Exam 2 - Debrief* (available now )

Similar to the above, Kieran will show you exactly how you should have read and interpreted the second mock exam as well as how you should have typed your report, with reference to his prize-winning model answer. 

Class 7: November 2023 Mock Exam 3 - Debrief* (available now )

Similar to the above, Kieran will show you exactly how you should have read and interpreted the third mock exam as well as how you should have typed your report, with reference to his prize-winning model answer. 

*It is strongly advised that you complete each mock exam under exam conditions prior to watching classes 5, 6 and 7, as this will enable you to get most benefit from the class. You could even re-attempt the exam after you have watched the class so that you can incorporate any necessary improvements into your exam technique. Please note that you will need to purchase the mock exams separately (see below).

PAYMENT AND ACCES S

You can watch the course introduction and the first class for free below.

Y ou can subscribe to all the classes listed above  for £350 and enjoy a viewing period of 12 months.

Please click  here  to purchase. Once payment has been made, you can view the full course  here .  

Please note that our November   2023  PDF materials are sold separately from the Video Course (see below).

In the unlikely event that you fail your exam, we will extend your access until you pass your exam. This includes access to any additional content we upload in relation to subsequent Case Study businesses.  There will be no extra cost to you. This reflects our commitment to getting you qualified, as well as the confidence we have in Kieran's track record. 

PROFORMA REPORT AND AI ANALYSIS

(November 2023 - FDM )

The July 2024 materials will be released in June 2024.

Our prize-winning Case Study tutor Kieran Doe has developed our Proforma Report and AI Analysis.

This includes:

A proforma report to use in the exam with reminders of the points to include in each section

A  list of probable exam scenarios and a reminder of the key points to include  

A sample   is included below. 

PAYMENT AND DELIVER Y

The price of our Case Study Proforma Report and AI Analysis is £70. You can purchase using a credit or debit card below.

You will receive an email containing a link to download the PDF document within 5 minutes of placing your order.   Please ensure that you check your junk mail in case your email settings divert our emails to junk.

MOCK EXAMS, MARKING KEYS AND MODEL ANSWERS

(November  2023 - FDM )

Our prize-winning Case Study tutor Kieran Doe has created our mock exams, marking keys and model answers.

MOCK EXAM 1

Mock exam 1 and m arking key

Prize-winning model answer which demonstrates exactly how you should structure your report and the points to include

PAYMENT AND DELIVE R Y

The price of our Mock Exam 1 pack is £50. You can purchase using a credit or debit card below from 5 October.

You will receive an email containing a link to download the PDF document within 5 minutes of placing your order. Please ensure that you check your junk mail in case your email settings divert our emails to junk.

MOCK EXAM 2

Mock exam 2 and m arking key

The price of our Mock Exam 2 pack is £50. You can purchase using a credit or debit card below.

MOCK EXAM 3

Mock exam 3 and m arking key

The price of our Mock Exam 3 pack is £50. You can purchase using a credit or debit card below.

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October 2021

Kieran Doe has some top advice on how to pass the ACA case study exam. And he should know – he scored 92% in it!

The Case Study is unlike most other ACA exams as there is very little technical content to learn. So students who are used to memorising technical concepts and them ‘smashing out the question bank’ will be perplexed when they are presented with over 40 pages of advance information and a case study exam paper seemingly testing very little from their other 14 exams.

However, the Case Study is actually very similar to other ACA exams in that the three exam requirements are always the same, as are the mark schemes. By appreciating the consistency in the exam requirements and the mark schemes, you can develop your exam technique to ensure that you tick all the ‘boxes’ on the mark scheme and complete your ACA qualification in style.

I believe that there are five steps to case study success:

Step 1: Understand how Case Study is marked

The marking process is objective: there is a set marking key for each requirement and if your report includes a point which is on the mark scheme, you will get the mark. While it can be frustrating that making a valid point which is not on the mark scheme does not score a mark, it does mean that the marking process is very transparent and easy to navigate.

Each requirement has 11 boxes and you need to pass six boxes on each requirement.

The Executive Summary has seven boxes and you need to pass four boxes. To pass a box, you need to get three of the points included in that box. You need to pass each requirement and the Executive Summary in isolation. Have a look at some recent mark schemes to see what I mean about boxes and points.

Step 2: Understand what each of the three requirements involve

As explained above, the three requirements are broadly the same in each Case Study exam.

• Requirement 1: Analyse the financial performance of the company.
• Requirement 2: Evaluate a financial proposal.
• Requirement 3: Evaluate an opportunity or issue.

The mark scheme for each requirement is also the same. This makes the exam predictable and by having a look at recent past papers, you will soon start to see the consistency in the requirements and build an understanding of what each requirement involves.

Step 3: Understand what information is provided in the AI and what is provided in the exam

In addition to the exam requirements and mark schemes being in the same format every time, the AI is also in the same format every time (albeit a different business with different issues).

By working through past case study exams, you will soon start to see that the AI always has the same exhibits with very similar types of information; industry background ; prior year accounts; customers; suppliers; strategic goals and risks. Likewise, the exams include the same exhibits with very similar types of information.

Having completed an exam, it is important to mark it and reflect on what information came from the AI and what came from the exam exhibits. You will soon start to see that most mark scoring points come from the exam exhibits rather than the AI. You will also learn which types of points tend to be rewarded in each box.

Step 4: Learn the Case Study exam technique which ensures that you hit all the boxes on the mark scheme

Having understood what the exam requirements are and how they are marked, you need to develop an exam technique which ensures that your report includes the points which are included on the mark scheme.

Fortunately for you, we have developed an exam technique which does this and it has resulted in two students wining the prize for the highest mark in the world (90% and 92%), another winning a prize for the highest mark in their region (88%) and another achieving the highest mark in their firm (81%).

Given the practical nature of the exam technique, it is not possible to explain this in text so click the link for a tutorial showing you exactly how to ace Requirement 1 and get a prize-winning mark – https://youtu.be/unvyelEwv6y

Step 5: Practice mock exams to master your exam technique

By this stage in your ACA journey, you will already know that question practice is key to success. Having learn the prize-winning technique, you then need to practice mock exams on your case study business under exam conditions so that you master the technique and sign off your ACA in style.

• Kieran Doe is a Senior ACA tutor at ACA Masters

Copyright © 2024 PQ Publishing.

New website launched

We are pleased to announce the launch of our new website which integrates our learning platform, information website, purchase links and The Profit Room (our free student learning community) within a single site. Hit the button below to visit our new website. Hope to see you there soon (and in the next few seconds hopefully!). ‍

For exclusive Case Study tips, sign up to The Profit Room , our free student learning community!

Case study mock exam pack. relevant practice..

As we have explained on the other Case Study pages on this website, Case Study is fundamentally unlike the other ACA papers because it is marked with a unique "closed form" markscheme in which you can only attract credit if the idea in your exam answer matches the points on the finalised ICAEW markscheme. This is a potentially harsh marking approach and without a good understanding of what points are likely to be on the markscheme, you'll be relying on luck to pass. The other important aspect of preparing for Case Study is that it is a long, 4-hour exam (the longest of all the ACA papers) and one where you must pass all the different elements of the examination (Executive Summary, Requirement 1, Requirement 2 and Requirement 3) or you will be failed by the examiners, no matter how brilliant the other parts of your response may have been. We have therefore created our live Mock Exam Pack to give you 5 opportunities to practise your planning, timing and general exam technique, all within the context of learning points which are likely to be given credit in your own exam. As experienced creators of Case Study Mock Exam Pack since 2013, we have a very good understand of what points are likely to score, so we build these into our full markscheme examples. We also provide example model answers where we write up all our ideas, under the right headings and making the points nice and snappy, creating examples that are actually achievable by a good candidate in the time available. We round off the Mock Exam Pack with detailed Tutor Debrief videos of all 5 Mocks, and a supporting set of over 400 quick-fire questions on the Advance Information so that you can actively learn the content rather than just reading and re-reading the Advance Information yet again! Scroll down the page to learn more about our Mock Exam Pack. July 2024 Mock Exam Pack release schedule Mock 1 - 7 June 2024 by 23.59 UK time Mock 2 - 14 June 2024 by 23.59 UK time Mock 3 - 21 June 2024 by 23.59 UK time Mock 4 - 28 June 2024 by 23.59 UK time Mock 5 - 5 July 2024 by 23.59 UK time The release dates for our November 2024 Mock Exam Pack will be 20 September, 27 September, 4 October, 11 October and 18 October 2024

Prepare to pass.

We have no idea why certain other tuition providers allocate so much course and homework time to past paper Case Study examples. Okay, so doing past papers is obviously of some benefit, but for us, it makes much more sense to focus on the live Case Study Advance Information which will provide the basis of your examination attempt. Using our Mock Exam Pack, you get 5 opportunities to hone your exam technique while also learning about likely scenarios for the real exam (simply not possible by doing past papers!). With our expertly-prepared markscheme grids, we can help you understand what sorts of point to make in your own answer, again all based on points that can actually be tested in your exam (simply not possible by doing past papers!). Our commentaries on our marking grids also explain how we put the Mocks together and what we were trying to test, enhancing your knowledge of the live set of Advance Information.

Some stats on our Mock Exam Pack.

The July 2024 edition of our Case Study Mock Exam Pack will be the 25th edition of the Mock Exam Pack since our first Mock Exam Pack was published in 2013. This means we have accumulated vast knowledge and experience, which we distill into our student-focused approach and realistic question papers.

>100,000

Taking into account our 5 question papers, 5 marking grids, 5 example student-standard model answers and our other tips and tricks content, each Mock Exam Pack contains over 100,000 words of content (about the same length as a novel!). All lovingly prepared under extreme time-pressure to help you as much as possible.

Practice makes perfect.

Since passing Case Study is all about exam technique rather than technical brilliance, it is vital that you do plenty of practice before the exam to work on things like time management, writing style, interpretation of the question and, most important of all, understanding the points that are likely to be on the final ICAEW markscheme. Because if your idea doesn't match the final ICAEW markscheme, you won't get any credit for your point! Harsh, we know, which is why we have got your back through our Mock Exam Pack.

Fully updated for 2024

As always, we will carefully work through the learning points from the 2023 past papers to ensure that our advice and example markschemes are fully up-to-date, ensuring that you are exposed to points that are likely to score. The Case Study examiners are always subtly evolving the examination so it is important that we keep on top of this "cat-and-mouse" game!

Key Points Summary

To make the most of the "open-book" nature of the Case Study exam, we will provide you with our Key Points Summary PDF, an alphabetically-organised summary of key "re-useable" points from the Mock Exam Pack. This will avoid you taking too much content into the exam as everything will be nicely condensed and organised for you. On the day, you must of course use your judgement when using any pre-prepared ideas, but our Key Points Summary PDF will put everything at your fingertips so that you can make your choices as quickly as possible!

Supporting video content

Making the most of advances in technology, recent editions of our Mock Exam Pack have been provided with supporting video content, allowing us to go into certain areas in a bit more detail than in a purely PDF format. Our online platform also allows us to provide over 400 quick-fire questions on the Advance Information so that you can learn it inside-out.

What our students say.

I bet your tutor team are probably feeling more of a strain than us students when it comes to the Case Study exam, seeing the huge amount of work that fits into six weeks. It's rather impressive, particularly with the Mock Exam Pack,  the on-demand videos and the patience of the tutor, to go through things over and over again. I honestly feel that you leave no stone unturned for Case  Study. I find the on-demand videos so useful. I feel it helps to refresh points in my head. Thank you as always.

I have just got my results for Case Study and I'm really happy to say that I managed  to pass with 60% on my first attempt. I am really glad that I came to you guys for my first attempt, which allowed me to adequately prepare myself both content and skill wise for the exam day. Thank you very much for all your  help (via TIS and e-mail conversation) throughout the past month and a half!

Thank you, and in particular to my tutor, for helping me pass my Case Study resit in November. The approach to technique and having 5 different Mock Exams based on the live set of Advance Information really helped and I felt so much more prepared going into this exam than the first time. I've already recommended the book and technique to others in my office. Thanks again.

I just wanted to say a huge thank you for your help and materials over the last three exams, as I had some great news on Friday that I passed my Case Study exam first time!! I was delighted to pass with 63% and found your books, Mock Exam Pack and TIS scripts really helpful towards this result. I shall be thoroughly recommending you to my colleagues!

Finally passed the Case Study exam. Thank you so much for all of the content, especially the Mock Exam Pack. Thank you again!

My son passed his Case Study exam and it went really well. He qualified on Friday, so very proud! He said without a doubt, that the Cracking Case book and Mock Exam Pack got him through. We only found out about you near to the exam day,  but he only read your book and studied the Mock Exams. Thank you so much, I wish everyone knew about you!

I passed the Case Study exam with 58% - thank you very much for the help!

Thank you for the tuition course. I managed to pass Case Study with a score of 78%, an improvement from 46% on my first attempt. I will recommend your course to fellow colleagues. Thanks again.

I passed Case with a mark of 61. Thank you for all your help and support - will definitely recommend you to others!

I passed my Case Study exam!! So happy and relieved, thanks very much!

I have passed Case Study at the first attempt only because of your company. Coming from academia, I had tremendous trouble accepting what the other tuition providers were doing or how they attempted to provide tuition. The combination of the Cracking Case book and the Mock Exam Pack can yield results if the student is willing to spend the required preparation  time.

I received my Case Study results today and achieved a pass mark of 74 which is higher than I ever imagined!! I didn't even think I would be able to pass let  alone anything else. The skills and techniques you taught were invaluable. The Mock Exam Pack was incredibly useful to get plenty of practice in before the main exam and the ERP was a very helpful summary of the Advance Information which saved me so much time in the exam. This was my first time sitting Case and I am so glad I chose to invest in the materials that you  provide.

I would like to take this opportunity to thank you, having passed my retake Case Study exam in July 2018. I took your online course and I will definitely recommend TIS to any student. I feel the feedback on a real time Mock Exam was very helpful. I got a good idea of how to hit points in the markscheme and how to write precise short points, in order to stick to the tight time window for this exam.

Happy to confirm that I passed Case! I found it a particularly tough exam so I don't know where I would have been without your mocks and guidance! Thank you again for all of the help!

I passed the Case Study exam and now have no more ACA exams to take!! Thank you so very much for the Mock Exam Pack, as well as the very useful TIS feedback that you gave me for the July 2018  sitting. I learned so much about the Case Study exam technique from your Mock Exams and am very grateful for all the help you have given me. Thank you again.

I just wanted to say thank you so much for your Case Study materials/Mock Exam Pack/TIS marking & feedback and personalised help - I passed with 63, compared to the 38 first attempt that I had with [XXXXXX]. Many thanks again!!

Many thanks to you. I purchased your Mock Exam Pack for the November 2019 sitting. I succeeded in my Case Study exam and increased my mark from 32 to 57. Thanks  a lot!

I bought your Cracking Case book and your Mock Exam Pack and they were worth every penny. I passed Case Study first time around. They gave me lots of tips about the best way to tackle the Case Study and what examiners wanted me to produce on the day. I would definitely not have passed the Case Study with just the notes and training I received from my previous tuition provider. I would recommend your books and Mock Exam Pack to anyone. Thank you for all your  help. Much appreciated.

I failed Case twice (with another provider) and did the True Taste Limited Case in November and finally passed! The course that you offered was exceptionally useful as the hints and tips provided by [tutor name] allowed you to get under the business and treat it as if it's your own. The Mock Exams also allowed me to stick to time and practice over and over again and gave me good  guidelines on how to set the Appendices and the markscheme gave you a good indication on whether I'm hitting those dreaded 40 Boxes.

I'm delighted to say that I passed my resit with the result of 65. I purchased your Cracking Case book, Exam Room Pack, Mock Exam Pack and TIS service for 2 Mock papers. Many thanks for your very helpful study materials and advice! Your methodology is indeed far superior to what I have seen previously.

I have purchased the Cracking Case book and the Mock Exam Pack. I cannot thank you enough for helping me pass Case Study following the process mentioned in the book (gospel-holy bible) along with taking a personal positive attitude and determination whilst attempting the 5 Mocks. I cannot stress enough how thankful I am since this was my sixth attempt, and your company was there for me at every query I made, showing a high level of professionalism.

I found Cracking Case and the Mock Exam Pack very useful in my preparation for my  exam!

Thank you! I am now a newly qualified accountant after passing my Case Study exam last Friday with 81% (first time). The Mock Exam Pack and techniques you taught me on the course really helped boost my confidence going into the exam.

I am pleased to say I passed with 80 marks! I can’t be more grateful your team for all the help in the study materials and I couldn’t imagine a better way to prepare! I have been a loyal user of your materials (esp the Exam Room Notes) for the Advanced Level examinations and they’re SUPER useful (scored 81 for  CR, 70 for SBM and CS score abovementioned), so a HUGE HUGE THANK YOU to the tutors for the hard work and dedication especially with such a challenging  time for the Case Study paper.

I recently purchased your Case Study Mock Exam Pack – brilliantly written and very funny! Thanks!

Many thanks for your help. The Mock Exam Pack and the TIS was very useful.

I got a 78 overall first time thanks to purchasing your Case Study materials! Definitely much more on the ball and clued up about the requirements and how to pass than my other provider. Will definitely recommend you to anyone doing Case Study.

Thank you so much, the Case Study Mock Exam Pack materials have been most helpful. Appreciate all your hard work.

Thanks for providing all the Case Study Mock Exams - they've been really helpful

Thank you so much for writing these Case Study Mocks (particularly during these unprecedented times). I have used your materials for BPT and all my Advanced Level exams and have always found them incredibly helpful!

The Mock Exam Pack was really helpful for my preparation – thank you!!

I’d just like to thank your team for their support and assistance in preparation of the August Case Study Exam. Through your help I managed to obtain a first-time pass (62%) and your Mock Exams were a real game changer for me, helping me feel extremely prepared when sitting for the exam. Due to the Mock Exams, I was extremely familiar with the Advance Information and was very comfortable under exam conditions too. Thanks so much!

I just wanted to personally send a note to express how grateful I am for your service! I bought the 5 Case Study Mock Exams for my resit. Confidence was at an all-time low after I failed the first time round with a 44% result, but the Mocks were massively helpful in my revision. The variety of questions were excellent for practice and the answer packs and markschemes were very thorough, targeted and exam technique focused and because of your help, I managed to get 80% in the Beal exam!

I found the Exam Room Pack very useful. In fact, once I’d read through it and could navigate it fairly proficiently, I didn’t really use anything else in the actual Case Study exam! The Mocks were invaluable too as the scenarios which came up in the real exam appeared in the Mocks in some way, shape or form. Thanks again.

I just wanted to send a massive thank you for helping me with the Case Study exam - I passed with 73%! Thank you so, so much for all your support ... of course, the 5 Mock Exams are THE KEY as these truly helped me so, so much in the exam. Doing the exam was just like doing Mock 6 for me and I was so well-practiced that it didn’t seem daunting, but just another practice test! I have already been suggesting to my juniors to definitely reach out to you when their Case Study exam time comes!

Thanks so much for the book and the Mock Exam Pack. I got 78% and could not have done it without your business. The book made sense and the Mock Exams got me match fit.

Having tried and failed with one of the Big Two providers I was very worried I would never pass. I was recommended your "Cracking Case" book and Case Study Mock Exam Pack and I am happy to say due to you, I have received a regional prize and cannot thank you enough. I would recommend you to anyone sitting the Case Study exam. The Mock Exam Pack is fantastic - I actually enjoyed doing them as I knew they were productive practice and I couldn't have felt any more confident when entering the exam room thanks to you.

I will certainly be recommending your resources - I don't think I would have been sufficiently prepared had I not purchased the Mock Exam Pack.

I have found your resources to be of great help and I will gladly pass on my recommendations to other ACA students.

Hope I pass Case Study using your book and Mock Exam Pack. I am using another tuition provider's Mock Exams but luckily last week I bought your Case Study  Mock Exam Pack. They are very very helpful and I believe the best.

I passed my Case Study exam which was my 2nd attempt (first time  with you) and scored 66% compared to my 1st attempt in November 2018 scoring 34%, so almost doubled my mark! The Cracking Case book was invaluable, I used it to create all my plans for the Mock Exams and used the key tips going forward for the actual exam. It really helped and it's amazing how you compile so much into one book. Everybody should purchase this book!

Both of the exam scenarios were in your Case Study Mock Exam Pack which was really helpful.

I just wanted to say thank you. I bought the July 2019 version of the Cracking Case book, Mock Exam Pack and Exam Room Pack for the July 2019 Case Study sitting - pleased to say I passed first time!

Thank you for taking the time to prepare the Mock Exam Pack and Cracking Case  resources, I found them very useful.

When I sat Case Study previously, I received no valuable technique or high level  tips (something your materials are full of) on the courses I attended with [XXX]. I actually enjoyed revising for the exam this time (using your method) as I had a clear approach when attempting past papers; the Mock Exams were fantastic. I received a "mock pack" of 2 Mock Exams from [XXX] which was 8 pages long so it was such a relief when I saw how detailed (198 pages in total) and focused the 5 Mock Exams provided by you were.

When I sat Case Study previously, I received no valuable technique or high level tips (something your materials are full of) on the courses I attended with [XXX]. I actually enjoyed revising for the exam this time (using your method) as I had a clear approach when attempting past papers; the Mock Exams were fantastic. I received a 'mock pack' of 2 Mock Exams from [XXX] which was 8  pages long so it was such a relief when I saw how detailed (198 pages in total) and focused the 5 Mock Exams provided by you were.

I was with another tuition provider through my employer but was really struggling  to get to grips with Case Study, particularly as I have a learning difficulty that made learning past paper sets of Advance Information a real challenge. Your Mock Exam Pack and Advance Information walkthroughs made all the difference. I ended up passing with 83% and don't think I could have managed any kind of pass without your materials.

I'm ecstatic to say I passed the Case Study exam and want to say thank you to Paradigm Shift for preparing the Mock Exam Pack as this played an  instrumental part in me passing the exam!

I have found the Mock Exam Pack and the Masterclass Live sessions to be really useful and will be recommending these to my colleagues in the year below.

Thank you for all your help. The Mock Exam Pack and the Exam Room Pack are both very useful and have really helped me prepare for the exam.

Wanted to pass on the great news to say I passed CR and Case! Thank you for your support and words of encouragement. Wanted to say those free sessions I was able to attend and the other 1-hour sessions were super useful and to the point! Additionally, the Mocks for Case gave me the confidence I needed to sit the exam. Continue what you are doing!

Thank you so much for providing such a wonderful Mock Exam Pack - finally passed this exam with 75% and I'm thrilled!

Just wanted to say I passed with 60% and couldn't be happier. The Masterclasses and Mock Exam Pack were vital to me passing and I wasn't anywhere near passing before I purchased them. Thank you very much, I really appreciate it!

Just emailing to say I passed and wanted to thank you guys for making such useful materials! Honestly would not have passed without the Mock Exam Pack.

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Jag's Journey

Sharing my life experiences including the Associate Chartered Accountant (ACA) qualification

ICAEW ACA Case Study – How Much Preparation Is Enough?

The ACA Case Study was an exam I had not heard much about in detail before my time came to prepare for the exam. I was always one to book annual leave to ensure I had enough time to revise for the exams, especially as I would sit three at a time . When asking my work friends how much time I would need to book off for the ACA Case Study exam they would state only a day or two . As a lot of the exam is skills based and dependant on the real exam itself, it is difficult to know whether you have done enough preparation. I therefore thought I would write this blog to hopefully help.

Note : you may also want to refer to ICAEW Case Study Made Easy , ACA Case Study Marking Key as well as ICAEW Software Testing for more help on the ACA Case Study exam.

Check out my  YouTube video  if you would prefer watching to reading!

Table of Contents

Advanced information (ai), past aca case study mock exams, planning sheets, how much preparation is actually needed, how similar are these mocks to the real exam.

The AI is provided six weeks before the ACA Case Study exam. When the AI was released, I of course took a look to see what industry the business was in. For me, it was Beal the magazine company. As expected, I then read the whole AI when I had more time and went through, very slowly, with the highlighter.

Here is a checklist I have pulled together for what information you need to ensure to pull out of the AI:

• Details of who the report will be from so you can form your disclaimer – join my journey for a draft disclaimer included on the overall timing sheet with a draft structure for the report too
• Benchmarks/targets/key performance indicators (KPIs) for Requirement 1 – this will give you quick and easy marks in the real exam if you state whether these have been met or not
• The relevant PY figures from the AI for Requirement 1 – join my journey to receive how I laid this out and set it up for my Case Study as well as a blank template for your own that you can populate and copy in your exam
• For Requirement 2 and 3 you will need to pull out assumptions and these will come from the AI. The AI should also help you with the calculations for these. For my case study, I was able to pull out at least a page of assumptions from the AI!
• Business issues and wider context that you can put into any of the exam requirements such as whether the industry is competitive
• The ethics marks you should be able to easily identify these from the articles at the end of the AI

Something to consider is whether you need to practice past ACA Case Study mock exams. Now, I studied with Kaplan who really did not focus on the real potential exam much at all to begin with. Even when the AI was out, we would still be going through past paper exams. This was very frustrating at the time but in hindsight, it was definitely beneficial .

We actually ended up going through four ACA Case Study mock exams both in class and as homework and then ran through the real AI and two mocks for this too. Given each mock exam is four hours long, this was definitely not fun. However, timing is KEY with this exam and it is very important to nail timing . If you mess up your timings, leading to an incomplete report as a result, this could result in failure . If you need help with timings, join my journey to receive my timings sheet.

I would therefore strongly recommend practicing at least a couple of ACA Case Study mock exams. Not only will it help ensure you are able to stay on top of your timings but another plus is that it does really help you to understand the mark scheme . The more you practice, the more you start to figure out where the marks/”diamonds” come from and how the mark scheme actually works. For example, knowing which figures are in bold and are needed or how conclusions and the Executive Summary needs to be written.

If you have joined my journey, you should also have been sent some blank planning sheets . These were very helpful when I was studying for the ACA Case Study so I thought I would share these. I only really went into detail on this planning sheet for Requirement 1. This requirement is quite predictable based on the AI in the sense that you should be able to grasp whether the areas of interest are revenue, gross profit and operating profit for example.

What is nice is that the AI purposely gives you three years of management accounts. The AI actually gives example analysis of the year-on-year movements too where they use a range of different numbers and movements. This should help you to prepare for Requirement 1 so you can get an idea of what kind of analysis comments , such as revenue mix, may score a “diamond”. However, a lot of this information and the marks are in the real exam so make sure to pull all of this information into your answers.

I thought it would be helpful if I showed you my Requirement 1 planning sheet for Beal so you can get the gist of how I did this:

Essentially for the Requirement 1 planning sheet I would draft it out similarly to how I have done. Include PY comparison figures so you have these to hand such as PY revenue growth or revenue mix. Also ensure to include business issues and wider context points and recommendations . If your AI mentions any benchmarks/targets/KPIs I would note to comment on whether they were met. Additionally, if there are any bank loan covenants to comment on a breach based on overdraft, note this down. A draft conclusion can also be made based on past mark schemes.

In college we did go through and do a few more planning sheets to Requirement 2 and 3 but I did not really use these given the reduction in predictability. It looks like I have more sheets stapled to the Requirement 1 sheet photographed. However, there are all actually blank (sorry to disappoint) . I pulled this together myself but it may be worth going through this with a friend or study buddy . This may speed up time and it does help with this exam if you all write the same!

It does actually sound like I did a LOT of preparation for the ACA Case Study exam. Looking back, I guess I actually did. Here is a list of points that I think you must do :

• Read the AI and pull out everything I have said above!
• Practice a couple of past mock exams to time so you can nail timings and understand the mark scheme – depending on how well you do, you may need more practice.
• Draft a table with the PY figures for Appendix 1 so you can copy this out into the exam and get started almost straight away
• Practice a mock exam based on your AI . Hopefully you are with a training provider so you have access to this or see the next section for an alternative

Anything else on top of this is just an added bonus , such as the next section of this blog. The Requirement 1 planning sheet is not a must do but it really is worthwhile if you do have the time. You could also draft some standard recommendations for Requirement 2 or 3. I have included a photo of a some I had made below for Beal.

Given the above bullet points, I think you should not need to spend more than a few days on preparing for the ACA Case Study exam outside of college. It is very skills based in terms of how you structure and write your report. Many of the marks are going to be in the real exam so through practice, you should get better at knowing how to pull this out and where to include it in your report.

ACA Simplified/Paradigm Shift Mock Exams

Many of you have probably heard of the ACA Simplified or newly named Paradigm Shift ACA Case Study mock exam pack . I did actually get these for my ACA Case Study exam, where I was given five mock exams. It definitely was not needed to pass but I do think it helped. I did not practice any of these but did read through the mark schemes, understood the calculation workings and took these into the exam with me. Given there are so many mocks, I made a quick reference guide for each mock so I could easily identify the relevant mock.

The reason I wanted the mocks is because I found for my case study Beal that the Requirement 2 and 3 calculations were quite difficult. In all honesty, even though I love Maths and know I am good at it, I did always find these tricky. These mock exams give examples of potential calculations that could come up as well as model appendices to address these. The mocks were therefore helpful in this sense.

The mocks were actually quite similar to the real exam in terms of the scenarios that came up. Such as an increase in the magazine price for one of the requirements. I was able to apply how the calculation was done in the mocks to the real exam. This is likely to be the case given the AI indicates a limited number of potential scenarios and I was given five mocks.

You do need to bear in mind that many of the marks/”diamonds” for the real exam will be based on the information given in the real exam . This of course cannot be predicted and so you cannot just copy the mock answers. The same exam will never come up so application is required and given the time pressure, you do need to know what you are doing. That being said, you can probably copy the business issues and wider context points.

If you have other Advanced Level exams to revise for, try not to get too carried away with the ACA Case Study. SBM also helps with Requirement 1 as there is an overlap with the performance analysis.

I hope this helps and good luck!

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The inside take on grad life in a big 4 firm

The ACA Advanced level Case Study (CS) exam is the final exam sat by ACA candidates. 

The Case Study exam is designed to test all areas developed in previous ACA exams. The exam places the student at the heart of a business and gives students a ‘case’ which students are given around 4 weeks prior to the exam.

The case is a fictional information source which contains background, news articles and some financial information about a fictitious business.

The paper itself is actually not very technically challenging. Instead, the exam assesses how students are able to analyse a specific business scenario and apply accounting concepts to solve problems. The exam itself is intended to be written as if it were a report being produced.

A key difference with this exam is the way that marks are awarded. Rather than having to score a percentage of marks in aggregate over the whole paper, each of the three individual questions must be passed in order to pass the exam.

Method of assessment

The ACA Case Study exam itself is 4 hours and given it forms part of the Advanced level, it can only be sat in one of two exam periods. These are in July and November each year.

As such, in each exam sitting all candidates will be set the same questions.

The exam will consist of three questions, and ethical issues and problems will likely appear in both questions. 

The exam is fully open book and therefore students are permitted to take any written or printed material into the exam – this includes the pre-release.

How to pass ACA Case Study Exam

Without doubt the most difficult element of this exam and the main reason that candidates fail is the time pressure. 

I’m order to pass this exam, you need to be regimented with your time keeping. You need to go into the exam having already worked out how many minutes per mark you are giving yourself, with a plan as to at what time you are going to move on to the next question.

In addition, make sure that the case that you have been given is tabbed up and organised, so you are able to flick to a particular area very quickly. I found a good way of doing this was to create an index which was colour coded. This was the way I found easiest to find pieces of information as I needed them.

Finally, make sure that you practice the first question over and over again. The first question of the paper is virtually the same in every sitting in that you are required to calculate year on year variances against the financial results presented in the pre-release case. This can be an easy way to pick up some marks without using up too much time.

How hard is the ACA Case Study Exam? 

As Case Study is the final exam, many would expect this to be the hardest exam of all. However, especially in terms of content, this is not the case. 

The difficulty here lies in the time pressure and the very specific mark scheme which comes with this exam. As such, timed practice papers are key to passing this exam.

That said, assuming preparation has been thorough, this exam is certainly passable.

I would give this exam a 4 out of 5 for difficulty. 

The pass rate for this exam is 76.83%

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Advanced Level Case Study advance information

The Advanced Level Case Study exam includes advance information released prior to the exam sitting. This allows you time to become familiar with the information and to undertake any other appropriate research and analysis.

Select the relevant product below, depending on the exam sitting, and proceed to check out to get the product in your ICAEW Bookshelf. You will be able to access this within your exam and see any notes and highlights you’ve made, as well as using the search function.

This document is also available as a standard PDF that you can print and use in your exam sitting.

To access the pdf and for more information on the Case Study exam, please visit https://www.icaew.com/for-current-aca-students/exam-resources/advanced-level/case-study .

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