2015 syllabus and assessment - ftmsglobal · pdf file• 2015 syllabus and assessment...
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Exam Success Workshop
1 August 2015
2015 Syllabus and Assessment
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• 2015 Syllabus and Assessment
• Exam techniques - Objective tests
• Exam techniques – Case study
• Summary
Agenda
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2015 syllabus and assessment
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Syllabus development through comprehensive research
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Durham
London
Durban
Dublin
Johannesburg
Accra
Cape TownSydney
Kuala Lumpur
Dubai
Warsaw
Colombo
Delhi
Mumbai
Chennai
Hong Kong
Shanghai
Beijing
Ho Chi Minh City
Penang Singapore
New YorkSeattle
San FranciscoHouston
Atlanta
Bethesda
• Face-to-face meetings and roundtable discussions
• Global online question survey involving over 3000 participants
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CGMA competency framework
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The 2015 CIMA Qualification
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No / limited relevance experience
Bachelor in Accounting/ Business / Commerce
MBA/ Other accounting qualifications
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• All certificate level and
professional level subjects
are examined by Objective
Test Questions (OTQs)
• Assessment can be taken
anytime of the year whenever
you are ready
• Exams can be taken at over
5,000 Pearson VUE centres
around the world
Objective Tests
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• Multiple choice
• Multiple response
• Drag and drop
• Hot spot
• Short answer (normally calculation)
• Drop down
• Matching
• Ranking
• Sentence completion
OTQs - Not just MCQs
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Multiple response
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Drag and drop
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Short Calculation
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Numerical question
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Data analysis
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Scenario based question
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• Tests technical competency across all syllabus areas
• Guarantee that all component learning outcomes will be tested
• Targeted questions to ensure thorough understanding &
proficiency
• Easy to answer but not an easy test
• Much shorter exam time
Assuring competency
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• 90 minutes
• 60 items
• Computer marked
• Result given immediately
• Available year-round
• Possible to reschedule up to 48 hours before examination
Exam logistics
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Case studies(Long and short answer essay questions)
Objective tests
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4
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2
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• There is a case study
examination at the end of each
level
• While OTQs mainly test
knowledge, case study tests
application and communication
skills
• Case study exams will cover
knowledge from all 3 pillars
• Intermediate awards upon
completion of a level
Case Study
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Approach to Case Study
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• 3 hours
• Preseen available to download 7 weeks before exam
• 3 – 5 tasks in each exam
• Each tasks will have a specific time assigned to
• Students will be forced to ‘move on’ when time is up
• Not possible to return to previous task once moved on
• Human marked
• Result given in 4 – 5 weeks
• Available 4 times a year. Each sitting has a window of 5 days
• Total of 5 variants, randomly selected by the system
• Possible to reschedule up to 14 days before examination
Exam logistics
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Summary
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• Computer based assessment
• Increase flexibility
• Structured level approach
• 2 different types of examinations
• Competent and confident
• Enhance employability
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Exam techniques – objective tests
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Know your platform
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Some questions can take longer to complete
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Numerical question
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4 types of questions
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Cat. Question type Confidence Time
1
Short questions where you feel confident about the
content, therefore quick to answer
2
Longer questions where you feel confident about the
approach required
3
Short questions where you are less confident and will
need to give more consideration / thought / workings
4
Longer questions, with more complex data where you
need to consider the approach required to answer the
question
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• Take about 10 to 15 minutes to click “Next” through all 60 items,
identifying and answering the questions in category 1
• Brief ‘knowledge’ and ‘definition’ MCQs where the correct answer
is identified immediately without the need for re-reading of the
stem or the options.
• At the end of the first run-through, you may have answered 10 to
15 questions with confidence.
• This confidence will allow you to relax a little and approach the
remaining questions more calmly.
Suggested approach – Step 1
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Quick skim through using the ‘Next’ button
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• Use the function “Review Incomplete Items” in the review screen
• Identify questions from category 2
• You know the approach to answering and also know that you
would prefer to have less time pressure in answering.
• Such questions would include those requiring analysis of a short
scenario / set of data or calculations where you know what those
calculations need to be.
• Depending on the subject being examined, this could get you up
to another 20 to 30 questions
Suggested approach – Step 2
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Review incomplete questions
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• Use the function “Review Incomplete Items” again, this time
tackling the questions in categories 3 and 4
• You know that you have to think in more detail about the options
or workings.
• Do not spend too long on any one question (a maximum
• of 3 minutes).
• If you think you need more time to review a question, submit
your “best” answer and click the “Flag” button so that you can
review the question in any time remaining after all questions
have been attempted.
Suggested approach – Step 3
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Read carefully and use the flag function
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• Use any remaining time to review flagged questions, making
sure that you consider the options or calculations carefully.
• After 85 minutes, a window will pop up to alert you that there are
• 5 minutes remaining.
• Return to the review screen; click “Review Incomplete Items” and
ensure that an answer is submitted for every question.
• At the end of the 90 minutes available, the exam will close down.
• All complete answers, including those which have been flagged
will be recorded for scoring. Any which are incomplete will earn
no marks.
Suggested approach – Step 4
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Ensuring no incomplete questions
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• Negative marking (for wrong answers, you won’t lose marks)
• Partial marking (you either earn a mark or don’t earn any marks.
i.e. only a correct and complete answer will earn the marks, and
partial answers will earn no marks)
In OT Exams, there is NO:
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Pay special attention to multi-response questions
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Pay special attention to multi-response questions
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• Know your system
http://www.pearsonvue.com/cima/practiceexams/cima_professional_qualification_exams_tutorials.pdf
• Time Management
https://connect.cimaglobal.com/system/files/resource/time-managment-ot-exams-feb15.pdf
• All questions carry equal marks but they are not equal in time
• Do Careful question reading is a must. If in doubt, read again
• Don’t miss any question or leave it incomplete (no marks) – No
negative marking!
• But try to get the easy marks first
Exam tips
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• Preliminary pass/ fail when leaving the exam centre
• Indicative pass mark = 70%
• Overall grade (pass or fail) is based on overall performance on
the exam
• Against each syllabus topic area you will also receive a grade of
either Proficient or Not Proficient
– Proficient = scored above the boundary required to demonstrate
competence
– Non Proficient = scored below the boundary required to demonstrate
competence
Objective test – exam result
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• Overall not reaching 70%, so fail
• Student should review ALL syllabus area before re-take
• Special attention should be pay to the Non-proficient area
Example 1 – P1 Management Accounting
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Area Topic Weight Approx. Qs Boundary Correct Result display
A Cost accounting systems
30% 18 12.6 10 Non- Proficient
B Budgeting 25% 15 10 11 Proficient
C Short-term decision making
30% 18 12.6 13 Proficient
D Dealing with risk and uncertainty
15% 9 6.3 5 Non- Proficient
Total 100% 60 42 39 FAIL
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• Overall above 70%, so pass
• Student should review Non –proficient syllabus area before Case
Study exam
Example 2 – P1 Management Accounting
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Area Topic Weight Approx. Qs Boundary Correct Result display
A Cost accounting systems
30% 18 12.6 15 Proficient
B Budgeting 25% 15 10 11 Proficient
C Short-term decision making
30% 18 12.6 13 Proficient
D Dealing with risk and uncertainty
15% 9 6.3 4 Non- Proficient
Total 100% 60 42 43 PASS
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Exam techniques – Case study
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• 80 out of 150
• Meeting the minimum threshold (approx. 1/3) against each competency
• You will be issued one of three categories indicating your performance for
each competency
– Fail: Below the minimum threshold
– Moderate: Between the minimum threshold and just above the
performance of a minimally competent candidate for the specific
competency.
– Strong: Demonstrating a high level of competency
Passing case study exam
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Competency Mix at strategic level Minimum threshold
Technical 23% 8%
Business 23% 8%
People 22% 7%
Leadership 23% 8%
Integration 9% 3%
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Competency mix at different level
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• Overall fail (less than 80 out of 150)
• Student should review ALL competencies before re-take
• Special attention should be pay to the People and Leadership
skills
Example 1
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Competency Weight Threshold Student score Result display
Technical 23% 8% 10% Moderate
Business 23% 8% 10% Moderate
People 22% 7% 5% Fail
Leadership 23% 8% 3% Fail
Integration 9% 3% 3% Moderate
Total 100% - 31% FAIL50/150
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• Overall fail (less than 80 out of 150)
• Student should review ALL competencies before re-take
• The scale score (out of 150) will show how close the student is
from passing
Example 2
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Competency Weight Threshold Student score Result display
Technical 23% 8% 10% Moderate
Business 23% 8% 10% Moderate
People 22% 7% 10% Moderate
Leadership 23% 8% 10% Moderate
Integration 9% 3% 4% Moderate
Total 100% - 44% FAIL70/150
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• At least one competency not reaching threshold, so fail
• Focus on Leadership before re-take
Example 3
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Competency Weight Threshold Student score Result display
Technical 23% 8% 20% Strong
Business 23% 8% 20% Strong
People 22% 7% 20% Strong
Leadership 23% 8% 5% Fail
Integration 9% 3% 3% Moderate
Total 100% - 68% FAIL90/150
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Example 4
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Competency Weight Threshold Student score Result display
Technical 23% 8% 20% Strong
Business 23% 8% 20% Strong
People 22% 7% 20% Strong
Leadership 23% 8% 10% Moderate
Integration 9% 3% 5% Moderate
Total 100% - 75% Pass
• Above 80/150 and all competencies meeting minimum threshold
• In order to pass, student must develop an all rounded approach
100/150
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• Requirement(s) correctly interpreted
• Answered the question set / all requirements
• Logical and coherent answer
• Demonstration of understanding of theory / principles
(appropriately)
• Theory / principles applied well to specific problem / issue
• Conforms to the format required
• Short concise sentences with less punctuation
• Headings and sub-headings
• Short paragraphs, and make a separate paragraph for each point
• Selective underlining
• Answered within time
What will a ‘good answer’ looks like?
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• There is no difference in what would earn marks in Case Study
Exams, because it is always about answering the question!
• It is extremely unlikely that a well-prepared student who answers
what is asked would fail to meet the threshold for all the
competencies.
• Need not worry about competencies as a ‘good answer’ will hit the
competencies.
• A strategic level question will ask for a different approach from an
operational level question (e.g. more complex)
‘Good answer’ earns marks
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Summary of pre-seen
• Look is similar to Google: listed with high P/E ratio
• 3 founders have 10% of shares but majority votes due to two tier
share structure
• 9 business units:
– Look Search: search engine giving 90%+ of profit but mature
– Look Space: maps giving 9.4% of profit
– Look OS: free smartphone operating system (loss making)
– Look Apps: downloads of Look’s and 3rd party apps 0.3% of profit
– Look Phones: premium smartphones 2.7% of profit
– Look Lens: in-eye display units (loss making)
– Look Media: streamed content 5.9% of profit
– Look Cloud: pay for storage (loss making)
LOOK (March 2015 SCS)
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Summary of pre-seen (con’t)
• CSR commitments in areas of energy use and staff welfare
• Questionable corporate governance due to dominance of founders
• Rumours that one founder thinking of leaving
• Data on Friendtime, a listed social media site (like Facebook)
LOOK (March 2015 SCS)
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SCS March 2015 – v4
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SCS March 2015 – v4: Task 1
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Time given: 60 mins (33%)
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SCS March 2015 – v4: Task 1
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Time given: 60 mins (33%)
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• Is LOOK Payment a good strategic fit for LOOK
• What are the risk to LOOK’s reputation from this venture
SCS March 2015 – v4: Task 1 Requirements
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E3 P3
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• Strategic fit?
• E3 – (B) evaluate the process of strategy formulation
– LOOK is already a well known and trusted brand
– Build critical mass of business with existing advertisers
– Build data and gain insight
– Technically capable though lacking finance experience
– Synergy with mobile products
SCS March 2015 – v4: Task 1 Answer
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E3
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• Reputational risk
• P3 – (B) evaluate the tools and processes required for strategy
implementation
– Commercial failure – bad publicity
– Target of fraud and hacking
– Customers may receive fraudulent e-mails using LOOK’s logo
– Careless overspending on internet
– Disputes between consumers and suppliers
– Concerns about person privacy
SCS March 2015 – v4: Task Answer
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P3
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Marking guidance
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• Two answers may earn same marks –students need to believe in
their intuition and ‘business common sense’
• Students need to identify ‘what the company could / should do’,
and of course justify
• Elaborate your answer with ‘why’ – avoid bullet points
• Magic words in the answer
– … because …
– However, …
– Alternatively, ….
• Students need to think within the ‘Job Role’ in the pre-seen
• No specific marks for calculations, and marks are for interpretation
Insights
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• Markers will NOT be making decisions or applying marks against
competencies
Insights
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• The main problems were candidates failing to answer what was
asked and writing everything they knew
• Using completely irrelevant models.
• No marks available for random models and candidates sometimes
had long lists of models in their answers.
• There was little evidence of knowledge of the preseen material
• In most of the questions it was hoped candidates would be able to
use industry knowledge and knowledge of the company to help
formulate answers, there was little evidence of this.
Examiner’s report – overall comment
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• Fully absorb and analyse the pre-seen information in order to step
into the assigned role in that organisation on exam day (story of
the organisation and its environment / stakeholders) - exam tasks
draw on pre-seen materials.
• Understand the requirements / question set, and answer the
question(s)
• Answer planning is very important (1/3 of the allocated time): think
more-write less!
• Relate the answer to the pre-seen information all the time (to
ensure students demonstrate the four skills and ability to
integrate)
• Time management – do not run out of time for well known topics
5 important things to success
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• CIMAconnect – The study support platform
• 2015 Professional Qualification syllabus
• Practice exams
• Guide to writing a report in the case study exams (login needed)
• Guide to writing an email in the case study exams (login needed)
• FM article by By Helen Crofts and the Case Study Exam writers
(login required)
Useful links
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Objective Test (Jan – May 2015)
Case Study (March & May 2015)
Pass rates
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E1 P1 F1 E2 P2 F2 E3 P3 F3
Overall pass rate 83 54 80 91 57 60 71 57 54
First time pass rate 78 45 75 86 44 49 59 48 45
March May August November
Operational 44 67 - -
Management 33 62 - -
Strategic 46 70 - -
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• Practice mode – attempt
questions at your own pace
and get instant feedback on
your answers and an
explanation of the correct
answer.
• Timed assessment mode –
test yourself under exam
conditions and then get a full
report and links back to any
incorrect answers.
Be exam ready
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Thank you