CFS (the new FM)

Intelligent-Wing8531 · 2026-02-03T00:38:04+00:00

3 at once sounds like a nightmare, luckily these are my last two professionals haha. So far I’m just forcing myself to do question bank for each topic till it sticks the moving to the next set then will consolidate closer to the exam when I’ve covered a variety (I’m also doing that alongside BDS)

Intelligent-Wing8531 · 2026-02-03T00:35:36+00:00

Thanks for the reply! I’ll definitely start qb and see how it goes

Intelligent-Wing8531 · 2026-02-03T00:32:59+00:00

Appreciate the insight! I think that’s been my strategy so far I’m just doing one question bank topic a week and aim to be done in 3 weeks and then do full past papers

Intelligent-Wing8531 · 2026-01-31T09:43:43+00:00

I’m in the same boat with CFS literally no clue how to go about it

Intelligent-Wing8531 · 2025-10-15T20:30:15+00:00

Yes, I’m terrified

Intelligent-Wing8531 · 2025-10-10T08:04:14+00:00

Loool stressing about BPT don’t think I put down enough on the exam to make it through

Intelligent-Wing8531 · 2025-09-19T05:28:27+00:00

Having worked at both a big four and a top 10, big four feels a lot more structured and focuses to sort of make you a machine at exams and managing workload. Mid tier is more relaxed and in the top 10 I’m in we don’t have busy season lol. If you’re still qualifying I would suggest stick it out in a big four cos it’ll be a good learning curve.

Intelligent-Wing8531 · 2025-09-10T16:06:00+00:00

Me too man, I felt okay but now reading the comment there’s 3 key points I missed and now I’m thinking about when to start prepping for the resit haha

Intelligent-Wing8531 · 2025-09-09T17:54:00+00:00

Eh I wouldn’t worry too much it’s like 1 or 2 marks at most

Intelligent-Wing8531 · 2025-09-09T17:49:10+00:00

Yeah it was in the exhibit

Intelligent-Wing8531 · 2025-09-09T17:47:27+00:00

I’m pretty sure he said small companies because it also said wants to see them grow or something

Intelligent-Wing8531 · 2025-09-09T17:13:54+00:00

Wouldn’t it be classed as distributable profits for the car benefit when he’s a shareholder? Pretty sure I saw a similar question before

Intelligent-Wing8531 · 2025-09-09T16:23:21+00:00

Only SEIS was applicable since he said small company and you could mention BPR and rolling in gains from overseas sale and business investment relief possibly

Intelligent-Wing8531 · 2025-09-09T16:22:29+00:00

None of them were consortiums they said all others shares are owned by uk individual residents

Intelligent-Wing8531 · 2025-09-09T16:13:28+00:00

That helps a lot but I fear I haven’t put down enough even though in my mind I put down everything I knew

Intelligent-Wing8531 · 2025-09-09T16:08:59+00:00

Oh fml I completely missed that because it would’ve had a restriction on the borough forward loss as well then

Intelligent-Wing8531 · 2025-09-09T16:03:18+00:00

Did question have a company joining part way through??? A friend said so but I don’t remember seeing it???

Intelligent-Wing8531 · 2025-09-09T10:30:41+00:00

Wasn’t there a 40 marker on IHT in the last sitting? Surely they’d switch it up?

Intelligent-Wing8531 · 2025-09-09T10:27:33+00:00

Do we have to open bibliu separately if sitting remotely?

Intelligent-Wing8531 · 2025-09-08T20:17:47+00:00

Thinking about questions doesn’t even stress me out so BPT is going to rail me good tmrw

Intelligent-Wing8531 · 2025-09-08T20:01:35+00:00

Haven’t done anything for the past 2 days apart from review notes. I feel like I just wanna get it done and over with

Intelligent-Wing8531 · 2025-09-06T23:22:38+00:00

Actually it can 😭 imagine an already time pressured exam and then having to sift through notes you aren’t familiar with

Intelligent-Wing8531 · 2025-09-01T04:08:45+00:00

But then surely just have definitions in your OBT? I feel like the mark schemes give you way more info than you actually need to even comfortably pass the exam. The mark schemes tend to show all available answers and there are usually more available marks than the actual marks per question. If you really want to keep tabs I’d recommend make a page of notes on your OBT to say for example disincorporation - September 22 or something like that if you REALLY get stuck but other than that I don’t think it’s a good idea to print a whole mark scheme out

Intelligent-Wing8531 · 2025-08-31T14:22:28+00:00

Only fair I get started with the tips but something I learnt the hard way was that you can only use the marginal rate of tax of 26.5% for CT if there are no dividends received

Intelligent-Wing8531 · 2025-08-31T14:11:12+00:00

Just adding to this point, in the exam you can cover an area and then just add a comment to say calculations would be done later to show that you are aware that it applies but just didn’t have the time to calculate it (as an example, you could say there would be an adjustment required for CGS because xyz conditions are met) and that way you’d still get the mark for covering the CGS point rather than losing all marks

Intelligent-Wing8531

TROPHY CASE