CIMA Nov 18 Case Studies: Top 10 Issues

 

CIMA November 2018 Case Studies

The November 2018 CIMA case studies will begin in around four weeks with the OCS scenario of GymFit. With the November case study session finishing just over two weeks later with the SCS scenario of Novak Pharmaceuticals.

Students taking the exams next month should be well in their exam preparation and have made extensive motes and analysis on the pre-seen materials.

Now you should be drawing your focus on the most likely issues that will come up on exam day.

The benefits of understanding the so called “Top 10 Issues”

  • Gives you a focus for your final weeks of study.
  • Provides an insight to the syllabus that could appear in your exam variant.
  • Boosts confidence ahead of the exam.
  • A useful tool for brainstorming about the case study scenario.
  • Can generate discussion between yourself and other students – do they have a different opinion on the issues?

If you are struggling to digest all of the pre-seen materials and draw your own conclusions from the materials you have, then use the videos below as a way to get the ball rolling and start thinking about the main issues with your respective case study as use it as a source of focus for the next couple of weeks.

Final Weeks of CIMA Case Study Preparation

Not only should you be digging into the top 10 issues and most likely examinable topics, but you should be practicing your exam technique and have a strategy on how you answer your questions.

Exam Answer Planning

I would recommend that you plan your answers before jumping straight into answering the question in your case study exam.

When passing my OCS and MCS exams first time – I used to spend 8-10 minutes reading the question and planning my answer on the exam script with brief bullet points and my structure of the answer and what I wanted to cover.

Here is a summary on how I approached answering case study questions.

  • Identify the questions requirements.
  • Make headings and sub headings on your answer script.
  • Add relevant points relating to pre-seen and new materials.
  • Finish your answer by drawing conclusions and give reasons why you have come to your conclusion.
  • Don’t forget ethics!! (where relevant – don’t include it for the sake of it)

Here are the Top 10 Issue videos for the November exams.

CIMA OCS Nov 18: Top 10 Issues

You can find the full set of videos on GymFit here.

CIMA MCS Nov 18: Top 10 Issues

You can find the full set of videos on Grapple here.

CIMA SCS Nov 18: Top 10 Issues

You can find the full set of videos on Novak Pharmaceuticals here.

CIMA MCS Nov 18: Grapple

MCS Nov Dates

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!

Morals-and-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.

Objectivity

Professional Competence and Due Care

Professional Behaviour

Integrity

Confidentiality

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.

EXAMPLE: 

“… 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.

2018-09-13 09_07_11-Start2018-09-13 09_07_24-Start

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.

Mock Exams

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

MCS ALL

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

Pre-Seen Materials: Grapple

MCS Nov 18

CIMA released the pre-seen materials for the November 2018 management level case study on Friday 28th September.

It’s based around a company called “Grapple”.

You can find the official pre-seen materials from CIMA here.