icsa annual conference: day 1, 11.30am

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PowerPoint Presentation

The ICSA ANNUALCONFERENCE 2016

#ICSAconf16

Main holding slide1

Study skills workshop for CSQS Sopna Thomas and Martyn Jones, 8 March 2016

Welcome to the study skills workshop This workshop is tailored to the specific needs of CSQS students with a view to preparing for the upcoming exam sessions.Areas we will cover today: Learning from the November 2015 exam sessionKeeping yourself motivated when studying for a professional qualification Managing your time effectively Learning from student scripts and a marking exercise

Learning from the November 2015 exam sessionLooking at examiners comments across all modules can help give you an insight on how to gain high grades. Examples taken from examiners comments applicable across CSQS: Use relevant authorities (e.g. legal/statutory) to support your propositions Example: Corporate Governance November 2015The Code (A.4.1) states that a Senior Independent Director (SID) should be appointed from the NEDs to provide a sounding board for the Chairman.

For problem based need case law and essay based need detail , careful reading of the question avoids confusion , dont lose focus on what the question is asking 4

Learning from the November 2015 exam sessionLooking at examiners comments across all modules can help give you an insight on how to gain high grades. Examples taken from examiners comments applicable across CSQS: Consider whether the question is problem based or essay basedFocus specifically on the issues raised and deal with them separatelyCareful reading of the question

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Learning from the November 2015 exam sessionUsing some examples of comments from CSQS modules:Financial Reporting and Analysis: present figures in a clear and understandable format with neat workings out. Imperative that questions are answered in full. Financial Decision Making: make sure you understand the technical areas which require calculations to be performed. Applied Business Law: identify the key issues but also develop them fully. Apply the law fully to the scenario given. Corporate Secretarial Practice: use the case study fully and make sure to apply your knowledge from the material to your exam responses.

An example of a concept map

http://www.itg.yale.edu/files/2014/02/conceptMap_processed.jpg7

Activity 1: what motivates you to study on CSQS? In small groups, you are going to prepare a concept map with your reasons & motivations for studying on CSQS. On each post- it note, write down a motivating factor in your studies and/or how do you keep motivated while you study? Brainstorm around 8 15 ideas togetherGroup your ideas under 3 separate headings- what are the common threads?You have ten minutes. Please nominate a reporter for feedback at the end.

Activity 1: round up

Can you feedback one item from your group that was a motivating factor?

Time management Different methods of planning out your time: Work out a timetable in advance: weekly, monthly and longer term until the exam.Plan longer sessions for in-depth study (memorising, revision and understanding a topic).Add in single hours for reading, catching up.

Allocating tasks to each study periodWhat will you do in each study period? Studying a new chapter/making notesSorting out notes/making connections between topicsRevising a particular topic and writing a response to an exam questionReviewing a topic that you found difficultAttempting a full mock exam (3 hours 15 minutes)

Why plan your time? Planning your time individually and together:Gives you social support for your studiesHelps you make realistic plans you can commit toShare good practice amongst students

My objectivesComplete two chapters worth of reading from the study text.Sorting out notes/making connections between topics. Be able to complete a past exam question on any topic from chapters 1 5 in timed conditions. Compare my answer to the mark scheme (content and skills).

An example of a study planMondayTuesdayWednesdayThursday FridaySaturday Sunday 7pm 9pm

Reading from chapter 4 Corporate Law (pages 60 70) (1- 2 hours)7pm 9pm

Reading from chapter 4 Corporate Law (pages 70 - 79) (1- 2 hours)7 am 8 am

Reading from chapter 5 Corporate Law(pages 80 90) (1 hour)10 am 12pm

Desk based study and revision.

Reading chapter 5 Corporate Law (pages 90 101)(2 hours)10 am 1pm

Desk based study and revisionRevising chapters 1- 5One practice question (45 minutes) (3 hours)

Objective(s) for the week:

Activity 2: some examples of things to includeWorking with the study textMaking notes from the text and what kind of notes you intend to make (outline, summary, mind maps, index cards etc.) How many pages of the text can you read in a given period of time? Any further research/updating knowledge and wider readingTime spent at a tuition providerConsolidating knowledge after going to class or after studying independently/as a group. Revising from notes and the study text.

Activity 2: round up

Can you identify one thing you would do differently having prepared this timetable?

Exam marking and maximising achievementIm going to talk about how we mark ICSA exams and will suggest ways you can answer ICSA exam questions which will make it easier for the marker to give you credit. Who is the examiner?How are the exams marked?What do you need to do to get a good mark?

Who is the examiner?The examiner is always someone who we have met, vetted and spent a lot of time with through induction and training.

How are the exams marked?Process for ICSA exam scripts:Mark schemeStandardisation exerciseGuidance for markersMark reviewAssessment review

What do you need to do to get a good mark?Discuss why remuneration is recognised as an important governance issue and the role of shareholders in monitoring it.[CSQS, Corporate Governance]

What do you need to do to get a good mark?Remuneration is a vital aspect of corporate governance and it has become a big issue for the public due to a number of high-profile scandals in the financial sector. In the UK, remuneration became an issue of concern due to the high pay awarded to the heads of utility companies when they were first privatised and there has been continued alarm at the spread of fat-cat culture. Remuneration has its own section in the UK Corporate Governance Code (Section D) which includes a set of principles which companies must align with (such as the requirement to establish a Remuneration Committee). There are also provisions for a company to

What do you need to do to get a good mark?Ways you can answer ICSA exam questions which will make it easier for the marker to give you credit. Know your stuffOrganise your answerPlanning your study

What do you need to do to get a good mark?

Activity 3: a marking exercise

Activity 3: a marking exerciseAn example from Applied Business Law: Question 1 from November 20152 part question: (a) divided further into two sections and (b)25 marks available with a scenario to apply

Activity 3: a marking exerciseYour task is to: Read through the student responseCompare it to the mark scheme/suggested answerHighlight/tick the sections that you think are gaining marks. Make a note of any problem areas. Either you can grade it (pass, merit or distinction) OR give it a grade out of 25 with mark allocations for part (a) and (b)

Recap after marking Why mark a student response? Good practice to mark a response in the way you can mark your own workBefore the exam you should be writing up responses and comparing how you are doingThe mark/grade band is not important: you are really checking for 1) content and detail 2) structure, clarity and format

Activity 3: feedback and review This exam response gained 18/25 marks Clear structure according to the legal terms rather than by eventRelevant use of legal termsThe mark/grade band is not important: you are really checking for 1) content and detail 2) structure, clarity and format.

Responding to questions in an exam4 questions to complete out of 6 options:Check the mark allocation: dont spend too long on a short question. Move onto a question that has more marks if you have spent enough time on that part. Check the command words which give you an idea of the kind of answer required.Higher mark allocation: more depth and detail needed.

An Applied Business Law question An example of a multi part question: You have been approached by Tom, who is contemplating opening a restaurant. He is concerned about any liability he may have to customers using his restaurant.Requireda) Advise Tom regarding any liability he may have:i) Under the tort of negligence. (10 marks)ii) As an occupier of premises (10 marks)

An Applied Business Law question An example of a multi part question: Tom has now opened the restaurant and, six weeks after opening, a group of young men visited the restaurant for a meal. One of the group, Steve, after drinking a large quantity of wine, decided to explore the premises and walked through a door marked private. There were no lights on in this area, and Steve tripped and fell down some stairs, injuring himself. Steve now wants to sue Tom in respect of his injuries.Requiredb) Advise Tom of any liability he may have. (5 marks) (Total: 25 marks)

Final points to remember on exam dayPlanning your response with a short outline/bullet points/key termsQuestions with different parts: check the marks availableYou can come back to a question later if need

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