icaew case study july 2023 advanced information

Case study course

Kuas 2023 case study course..

What's included?

• An Introduction to ICAEW Case study.
• Review of July 2023 Advanced Information (recorded video).
• Review of Requirement 1 -3 using Substantiate Solutions key facts (recorded video).
• Mock exam is provided with a marking key and relevant appendices.

Course available NOW with July 2023 Case Study AI review and requirement 1 -3 review using a practice exam from Substantiate Solutions.

Please do not hesitate to contact us if you have any further questions.

[email protected]

Course Curriculum

• Introduction to Case study workbook Preview
• Review of KUAS July 2023 Advanced Information Preview
• Analysis of requirement 1 (242:52) Start
• Analysis of requirement 2 (212:31) Start
• Analysis of requirement 3 (122:26) Start

Choose a Pricing Option

Kuas july 2023 case study review, kuas july 2023 case study advanced information review and analysis plus mock exam marking with feedback..

Whats included

1.   Advanced Information review (recorded video)

2.   Requirement 1 - 3 analysis (recorded video)

3.   Key facts sheet

4.   July 2023 mock exam with marking key

FAR - Full Series

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

• May 1, 2020

How to Pass the ICAEW ACA Case Study Exam

Updated: Feb 22, 2023

This article offers advice on how to pass the ACA Case Study exam. Written by a multiple prize-winning ACA tutor who scored 92% in the Case Study exam and won the ICAEW prize for the highest score in the world, this is essential reading for any student preparing for their Case Study exam.

How to Ace the ACA Case Study Exam

The Case Study is unlike most other ACA exams as there is very little technical content to learn. Therefore, students who are used to memorising technical concepts and then ‘smashing out the question bank’ will be perplexed when they are presented with 40+ pages of advance information and a Case Study exam paper seemingly testing nothing they have learnt in their other 14 exams.

However, the Case Study is actually very similar to the 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.

In light of this, we believe that there are 5 steps to Case Study success:

1. Understand how Case Study is marked

2. Understand what each of the three requirements involve

3. Understand what information is provided in the Advance Information (AI) and what is provided in the exam

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

5. Practice mock exams to master your exam technique

Step 1: Understand how Case Study is marked

The Case Study marking process is objective: there is a set marking key for each requirement and if a student’s report includes a point which is on the mark scheme, they will get the mark. This is not like an academic essay where the examiner forms an overall opinion of the piece of work and then decides whether it is good enough to pass; the Case Study marking grid is rigid. Whilst 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. Below is an example from a Case Study mark scheme to illustrate what I mean by points and boxes.

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.

R1: Analyse the financial performance of the company

R2: Evaluate a financial proposal

R3: Evaluate an opportunity or issue

The mark scheme for each requirement is also the same. This makes the exam fairly predictable.

By having a look at recent past papers, you will soon start 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 e.g. industry background, prior year accounts, key customers / suppliers, strategic goals and risks. Similarly, all the exams include the same exhibits with very similar types of information.

Having completed the 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 the majority of mark scoring points come from the exam exhibits rather than the AI. You will also learn which types of information in the AI tend to be rewarded in the mark scheme and where in the mark scheme they are rewarded, i.e. which 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 winning 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 exam technique, it is not possible to explain this in text so you can watch a free class here which teaches you exactly how to ace Requirement 1 and get a prize-winning mark.

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 learnt 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!

Need Help Passing the ACA Case Study Exam?

Details of our live tuition, video tuition, mock exams and proforma reports can be found here .

About the Author

Kieran Doe is a Senior ACA Tutor at ACA Masters. Kieran won ICAEW prizes for his performance in Financial Accounting and Reporting, Tax, Financial Management, Audit, Business Strategy and Case Study. This is in addition to winning several prizes at university for various Accounting, Management, Business and Economics subjects.

Kieran’s tuition is based around the learning techniques and exam strategies which enabled him to win prizes for all the subjects he teaches. Under his guidance, several of his ACA students have also won ICAEW prizes.

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Advanced Level

The study packs for Corporate Reporting and Strategic Business Management include a:

• self-test questions and worked examples;
• study guide;
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The Corporate Reporting supplement is aimed at students who have studied Financial Accounting and Reporting UK GAAP and are moving on to study Corporate Reporting, which is based on IFRS.

The study pack for Case Study includes:

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The advance information and exams for each walkthrough are accessed on the ICAEW exam resources page. Make sure to visit the Exam Resources pages where you can access questions within the practice exam software, articles, errata sheets, study tips, examiner guidance, and study webinars that help to put your learning into context.

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The ICAEW July 2023 ACA Advanced Level exam results are in. In all some 5,516 PQs sat the July exams, and the pass rates were: Case Study 82.7%; Corporate Reporting 83.7%; and, Strategic Business Management 88.5%.

All the pass rates are ever-so-slightly up on the November 2022 results.

The Level 7 Accountancy Professional apprentices who sat the Case Study exam this summer achieved an 86.4% pass rate.

The order of merit prized was shared between firms. KPMG’s Madeleine Finn came first in the Case Study, and PwC’s Henry Wilson came first in Corporate Reporting. Mazars Charlotte Hart was top in Strategic Business Management paper.

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Corporate Reporting

The Corporate Reporting exam will enable you to apply technical knowledge, analytical techniques, and professional skills to resolve compliance and business issues that arise in the context of the preparation and evaluation of corporate reports and from providing audit services. The exam is 3.5 hours long with a pass mark of 50%. It contains three questions and is available to sit in July and November. The exam is open book and will permit you to take any written or printed material into the exam.

Exam guidance

We are here to support you throughout your ACA journey to ensure you have everything you need for your upcoming exam, from exam resources to free and confidential wellbeing support from CABA. Ensure you are fully prepared by reading our exam guidance  prior to your exam.

Advance information

The advance information for the Corporate Reporting exam will be available eight weeks prior to the exam. The advance information comprises a document and an 11 month data set. You will be able to access the advance information on this page. To confirm the dates when the advance information will be available please visit ACA dates and deadlines.  

We have developed an advance information walkthrough guide to help you prepare for the introduction of advance information.

Please note only students registered for the relevant exam will be able to access the advance information 11 month data set.

You can also add the advanced information to your ICAEW Bookshelf by visiting the ebookshop and selecting the relevant edition. The digital version will not be added automatically, you must visit the ebookshop for it to be available on your bookshelf.

Get the Advance Information on your ICAEW Bookshelf

The link to the 11 month dataset for the advance information is within the advance information document.

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Exam preparation

The syllabus presents the learning outcomes for each exam and should be read with the relevant technical knowledge grids and, where applicable, the skills development grids.

Data analytics software

If you are sitting the Corporate Reporting exam, we have a range of resources to support you with the data analytics software within the exam. Visit icaew.com/corporatereportingDAS for all the resources, including guidance from the examiners on using the software within your exam.

Practice software

It's important that you get to know the exam software and its various functions before you take an exam. To help, we have created an online only practice exam software.

Visit icaew.com/examsoftware to access the question banks and mocks in the practice exam software.

Corporate Reporting Question Bank Supplement

Corporate Reporting is based on IFRS Accounting Standards, and so we have produced this supplement to support transition from UK GAAP.

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Exams and marks plans

Use past exams in addition to the blank practice software where you can practise answering questions. The marks plans will help you check your answers.

Some past exams are used within our learning materials, they are updated to be in line with the examinable syllabus. The majority will appear in the published question banks, and some may be used in mock exams.

Introduction to the Corporate Reporting exam

Tips for success, preparing to retake the corporate reporting exam.

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