The CIMA MCS exam builds on the knowledge you have gained from the P2/E2/F2 papers, not too mention the experience you have from the operational level and in particular the OCS you have already passed.
CIMA Gateway Students
The only exception would be those students who are taking the Gateway route and this will be your first taste of a CIMA case study!!
If you are reading this blog post as a CIMA Gateway student then I would suggest to read this interview we done with a gateway student who passed her MCS exam first time.
CIMA Code of Ethics
I’d thought I would kick off this blog post with a focus on the CIMA Code of Ethics.
It’s a subject that you might neglect or forget the importance of, but the MCS case study exam is the perfect time to roll out your knowledge on ETHICS!
If you are struggling to remember the fundamental principles behind the CIMA Code of Ethics I have my own acronym to help me remember – OPPIC.
It’s very close to the word OPTIC which reminds me of the device used for measuring out whiskey or gin, which is usually quite close to my thought process after studying for a case study exam and ethics.
Anyhow, before I digress even further, here are the key principles that OPPIC stands for.
Professional Competence and Due Care
Each and everyone of us as CIMA students/professional accountants must comply with the above fundamental principles of the CIMA Code of Ethics. And it’s a great framework to apply to your answers in the CIMA MCS exam if you are faced with an ethical issue.
“… It appears the CEO of the company has agreed the appointment of a new board member who is a close family friend with very little experience in the fashion industry.. ”
If faced with this type of ethical issue in the MCS exam, you can point to the fact there is an ethical issue with the appointment made to the board, quoting the CIMA code of ethics as an example of the framework professional accountants should adher to. Also adding to your answer that;
- the CEO failed to follow Objectivity with the appointment of the new director as it’s a clear conflict of interest due to his relationship with the new director.
- meanwhile, the new director doesn’t have the right skills to fulfill the role which breaches the Professional Competence and Due Care part of the ethical framework.
I’m sure the examiner will always appreciate students quoting the CIMA Code of Ethics in the case study exam, so don’t neglect it!
CIMA MCS Masterclass
Distance learning students should take advantage of any video tuition or interactive online tuition you can get your hands on for the MCS November exam. It’s especially important when trying to pass the CIMA case study exams.
Below is an example of the MCS masterclasses offered by Astranti;
Both masterclasses are 8 hours long with the first masterclass focusing on the keys how to pass the MCS exam, while the second masterclass is a full day revision on the subject of the case study for the November exam.
I found it a great way to hear other students opinions, test my own knowledge with the example questions we went through as a group and ask the tutor questions directly.
Below are are the dates for the upcoming Astranti MCS masterclasses.
The CIMA Student MCS Advice
Here is a summary of my top tips to pass the CIMA November 2018 MCS exam.
Plan, plan and plan
Start by planning your time and the resources you need, dedicate set times when you will study and what you expect to cover.
And don’t worry if don’t stick to them 100% – no body every does. A plan is there to guide and ensure you tick the boxes you need to pass the exam.
It’s a drum I keep banging, but I can’t stress enough the important of Mock exams. So I will leave it at that!
Produce a Balanced Script
You need to make sure you give balanced answers.
Include pre-seen analysis, unseen analysis, industry analysis and of course technical knowledge. AND OUR GOOD FRIEND MR ETHICS!
(where applicable – always be relevant with your answers)
And don’t forget to use your judgement and conclude with recommendations and the reasons why you are making them!
CIMA MCS Astranti Course
The full MCS course from Astranti is really packed full of resources;
- Complete pre-seen pack (pre-seen, strategic, industry analysis and top 10 issues)
- 3 x Full tuition videos
- 2 x Study texts
- 2 x Live Masterclasses (the keys to passing and revision masterclass)
- 3 x Full Mock Exams (based on Nov 18 scenario)
- Detailed marking and feedback
- Ethics Pack
- Pass Guarantee