– Appropriate disclaimer of liability and report from firm
– Suitable language e.g. formal, tactful, ethical
– Reasonable spelling or grammar
If you meet all four diamonds, you will show you are clearly competent and should get 6 marks.
The executive summary is essentially meant to summarise each of the three requirements and provide the conclusion and recommendations. It is at the start of the report so if somebody did not have time to read the full report, they would be able to understand exactly what is covered by reading the ES. The Case Study marking key for the ES is as follows. Note this is very generic and may differ case study to case study:
0.ES.R1.1 – Revenue – Gross Profit – Operating Profit – Adjustment/other issue | 0.ES.R2.1 – Figures (e.g. profit) of the [proposal] – [Second proposal] or assumptions – Assumptions – Key ethical issue | 0.ES.R3.1 – Figures for [opportunity] – Financial issues – Strategic issues – Operational issues |
0.ES.R1.2 – Key issue – Key issue – Recommendation – Other/Commercial recommendations | 0.ES.R3.2 – Key business/strategic/operational issue – Concludes on way forward – Recommendation – Other commercial recommendations | 0.ES.R3.2 – Key ethical issue – Concludes on way forward – Recommendation – Other commercial recommendations |
ICAEW in recent years have been very clear that you cannot simply copy and paste the report into the executive summary. The two must differ otherwise you will not score any marks and this could result in failure! Spot the difference below…
I will keep this much more generic and do all three requirements in one. Through these boxes you will need to demonstrate that you can: assimilate and use information; structure problems and solutions; apply judgement and form conclusions and recommendations.
0.*REQ1/2/3.AUI1 Appendix: Content and style – a well presented table that is clearly labelled and easy to follow will get you a diamond | 0.R1.SP1 Revenue 0.R2.SP1 Figures of [proposal] 0.R3.SP1 Financial issues | 0.R1.AJ1 Revenue – so what… e.g. revenue mix with 0.R2/3.AJ1 so what… | 0.R1/2/3.CR1 Conclusions Concluding on the way forward on R2/3 should get you a diamond |
0.R1/2/3.AUI2 Appendix: Calculations with (can be stated in the appendix or report) | 0.R1.SP2 Gross profit/OP 0.R2.SP2 [second proposal] or assumptions 0.R3.SP2 Strategic/operational issues | 0.R1.AJ2 Gross profit/OP – so what… e.g. costs rising faster than revenue 0.R2/3.AJ2 so what… | 0.R1/2/3.CR2 Recommendations (aim for at least 5) Any sensible recommendation will get you a diamond |
0.R1/2/3.AUI3 Business issues and wider context | 0.R1.SP3 Adjustment/other issue 0.R2.SP3 Assumptions/ethical issue 0.R3.SP3 Ethical/business trust issues | 0.R1.AJ3 Adjustment/other issue – so what… 0.R2/3.AJ3 so what… |
If you have not started any mocks yet, this may all look like gibberish to you. Trust me on this one, once you have been through a mock or so, you will be very grateful for the above tables. For the requirements, you essentially get two boxes for the appendices, two for each of the sub-requirements stated in the question and then two for the conclusions and recommendations. Keeping this in mind when you write your report is crucial to doing well.
If your ACA Case Study is marked by somebody else, I would highly recommend going through this yourself afterwards. This will really help you to understand what kind of points scores diamonds and which do not. You can also see where you are perhaps going overboard or not writing enough .
What I think is very beneficial about going through the Case Study marking key is that you will spot where things are in bold. You may have noticed this above. If “and figures” is written in bold, it means you cannot get the diamond without any numbers. Where I slipped up initially is that I was not including figures or sometimes comparative figures that were needed. You also sometimes must write the £ and % change to get a diamond. It really is worth going through this to maximise your diamond potential.
Hopefully this blog has stressed to you the importance of timings . If you get too many NA boxes, you are likely to fail. This means you cannot just miss areas out and move on but you do need to do it all . If you want help with your timings as well as planning sheets and help with requirement 1’s appendix, join my journey. I will be sending these out to you for free within a few days of joining.
Understanding the Case Study marking key is essential to do well in this exam. I can recall going through this for a full morning in college to make sure we really understood the marking key. If you do not have a solid understanding of this, as well as the different ways to fail, you may just do so. Hopefully this blog has been insightful and helped in some way. I would even suggest taking those generic marking keys into the exam with you so you do not miss anything out.
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The ICAEW Case Study exam delves into the practical application of knowledge across all areas of accountancy, business, and finance to solve real-world business issues. It assesses the ability to analyze, evaluate, and provide recommendations based on complex business scenarios, emphasizing critical thinking, ethical judgement, and professional skills. This exam represents the culmination of the training, showcasing the integral role of strategic decision-making and problem-solving in professional practice.
The Case Study exam will assess your understanding of providing advice on complex business issues in the form of a written report. The scenario may be based on a variety of different organisational structures or operations, and you will be provided with advance information ahead of the exam. The exam is four hours long and will consist of three requirements and an executive summary.
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At MPES, we provide the opportunity to take SBM & CR for the July exams and Case study for the November exam. The Case Study exam which must be attempted last and in the final year of a training agreement with your employer.
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Published: 28 Aug 2024
Cadillac is in its bespoke luxury era, and the SOLLEI Concept might be the most gorgeous of them all. The car takes visual inspiration from the flagship all-electric made-to-spec CELESTIQ but drops the top with a 2+2 convertible configuration and coupe silhouette. Heavily leaning into the open-air lifestyle, and to showcase the lengths it has gone with the SOLLEI concept, Cadillac has also introduced 3D-printed acrylic bird calls to the car that come inside a custom brushed metal and leather-wrapped case. Yep, bird calls.
You’ll also find a leather-bound journal with hand-painted bird illustrations and a leather tool roll for pens and pencils, which custom matches the interior palette. Without a production timeline, it’s unclear if any of this will come to fruition. Still, bird-watching in your ultra-luxury convertible EV? It doesn’t get more 2024 than that.
RELATED : 2026 Mercedes-Maybach SL680 Monogram Series is the ‘Sportiest Model in History’ .
SOLLEI comes from a combination of the word SOL, which means sun, and LEI, which stands for leisure. It’s pretty clearly a leisure vehicle, but the sun aspect takes some explaining. Of course, you have the gorgeous “Manila Cream” paint colour (which looks even better in person), but the brand has made further mention of the following design details:
Now that you understand what you’re looking at, let’s explain some concept features. Of course, it’s stunning from the exterior with a low, elongated body, but it’s just as impressive on the inside. If you open the gigantic coupe door (one of the largest in the world), you’ll be greeted by the brand’s signature 55-inch pillar-to-pillar screen, which can be found in the CELESTIQ and even Cadillac Escalade IQ.
Those doors allow access to the front and rear seats, and if you take a seat in the back, you’ll get direct access to the fully integrated beverage chiller with a power glass door and crystal glasses.
We had a chance to look at the concept car at the Hagerty Social Club in Van Nuys while test-driving the new Cadillac Lyriq. While the SOLLEI certainly is a concept car and not production-ready, its surfaces are premium, noticeably hand-cut, and feature hand-laid marquetry techniques. The unstained wood veneers with open-pore finishes offer incredible texture and are something we’d love to see in the production car—if it happens.
The new Cadillac SOLLEI Concept is just that—a concept. This means that the car has not been scheduled for production and may never, in fact, reach that point. Right now, this level of luxury can be found in cars like the Cadillac CELESTIQ, which is priced upwards of $340,000 USD, but it is pretty clearly a four-door sedan. Rolls-Royce has not yet produced a convertible Spectre, but that would be the logical competition for the SOLLEI if it did go into production.
For now, the SOLLEI remains a concept, and more information can be found on the brand’s website below.
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Ben lives in Sydney, Australia. He has a Bachelor's Degree (Media, Technology and the Law) from Macquarie University (2020). Outside of his studies, he has spent the last decade heavily involved in the automotive, technology and fashion world. Turning his passion and expertise into a Journalist position at Man of Many where he continues to write about everything that interests the modern man. Conducting car reviews on both the road and track, hands-on reviews of cutting-edge technology and employing a vast knowledge in the space of fashion and sneakers to his work. One day he hopes to own his own brand.
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The only exclusive Case Study resource for Partners in Learning is the notes from past workshops from the annual tutor conferences.
To improve the student experience of accessing the practice software, we have allocated access to the online practice software to all students sitting in July. This is opposed to having them download the practice software and accessing it offline. Students who are already using the online practice software are free to continue using this for question practice.
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The Case Study exam will assess your understanding of providing advice on complex business issues in the form of a written report. The scenario may be based on a variety of different organisational structures or operations, and you will be provided with advance information ahead of the exam. The exam is four hours long and will consist of three ...
The ICAEW Chartered Accountant qualification, the ACA, is one of the most advanced learning and professional development programmes available. It is valued around the world in business, practice and the public sector. ... The greatest challenges for most candidates in passing the Case Study are (i) producing a complete report within the time ...
Introduction to the ICAEW Case Study . To reiterate, there is no new content that you need to learn to pass the ICAEW Case Study.Passing this exam is more skills based than anything. According to ICAEW, students need to demonstrate they "can provide advice on complex business issues in the form of a written report". In order to do so, you will have to analyse both financial and non ...
As explained above, the three requirements are broadly the same in each Case Study exam. Requirement 1: Analyse the financial performance of the company. Requirement 2: Evaluate a financial proposal. Requirement 3: Evaluate an opportunity or issue. The mark scheme for each requirement is also the same.
The maximum marks for the ACA Case Study is 240 marks. Remember, there are 40 boxes and the maximum mark is 6 per box. You may think as the ICAEW ACA Case study exam is 50% to pass, you just need 120 marks to pass. Again, the Case Study really is not that straightforward. 120 marks across the whole paper will not cut it.
The ICAEW Case Study exam delves into the practical application of knowledge across all areas of accountancy, business, and finance to solve real-world business issues. It assesses the ability to analyze, evaluate, and provide recommendations based on complex business scenarios, emphasizing critical thinking, ethical judgement, and professional skills. This exam represents the culmination of ...
Knowing how the ICAEW Case Study exam is marked is your first step to getting the most out of your ACA Case Study Mock Exams. This exam does not work on a st...
July 2014 ICAEW international Case Study prize winner who scored 92% at his first attempt and also by the 2014 ICAEW East Midlands Case Study prize winner who placed first in his region after attending our retake course (having failed first time with another provider). This book is aimed at both re-sit students and first timers who wish to ...
This series of Case Study exam resources will cover everything you need to know to prepare for the Case Study exam. This includes: Introduction to the Case Study exam. How to approach the advance information. Using the advance information during the Case Study exam. A guide on Requirements one, two and three. An overview of the Executive Summary.
The marks in the Case Study are awarded for professional skills, allocated broadly as follows: Assimilating and using information 22.5%. Structuring problems and solutions 22.5%. Applying judgement 22.5%. Drawing conclusions and making recommendations 15.0%. ive and multidisciplinary skills 17.5% Of the total marks available, 15% are awarded ...
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Author: ICAEW Insights. Published: 03 Feb 2022. 2021 saw the first two sittings of the Case Study exam on the new Professional and Advanced Level exam software. The Case Study Senior Examiners tell us how it went and how future students can learn from the experience. For the first two Case Study sessions on the new exam software - House Pride ...
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Published: 15 Sep 2021. This guide is designed to help you understand how to approach the advance information for your Case Study exam. It will cover what the advance information is, what should you do with the advance information before your exam and tips for success. This series of Case Study exam resources will cover everything you need to ...
Gain a practical understanding of how to reflect ESG principles in financial reporting for your organisation.
Over reliance on standard wording and generic templates to provide narratives in financial reporting should be a thing of the past. Bespoke reporting which is cohesive, fair, understandable and highly specific to the entity is what the FCA is increasingly looking for in their best practice guidelines. "If you're producing accounts with ...
The ICAEW Chartered Accountant qualification, the ACA, is one of the most advanced learning and professional development programmes available. ... To access the two Case Study walkthroughs, students should use the online practice software. The student's username is the letter Q + ICAEW student number ie Q1234567. The password is qb2022.