Pa1 Mod4

Course Name: Issues in Professional
Practice – PA1
Module:
4
Module Title: Case analysis approach

Lectures and handouts by:
Ronald Wong, CFP, CGA
Copyright © The Certified General Accountants Association of
British Columbia. All rights reserved.

2012-13

Module 4 - Index
Part

Content

1

Module Notes: Topics 4.1 to 4.5

2

Self-test case: Mystic Exploration Ltd. (Steps 1 to 3)

3

Self-test case: Mystic Exploration Ltd. (Steps 4 to 6)

4

Self-test case: Mystic Exploration Ltd. (Steps 7 to 9)

2

Part 1 – Module Notes
Overview:
• This module builds on the case analysis process.
• Focus is on how to use the techniques to analyze and respond to comprehensive, multi-issue cases:
– planning your response
– allocating time
– ranking and prioritizing issues
– outlining and using a matrix to track issues
– communication
– effective practice techniques
3

1

Part 1 – Module Notes
Planning your case work
Review some common techniques for planning your case work.
• Planning is particularly important for:
– longer, more comprehensive cases
– success in the exam room

• Proper planning helps improve both effectiveness and efficiency of case writing.

4

Part 1 – Module Notes
Allocating time:

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Suggested time for a long case on the exam is approximately 100 minutes.
Allocate 25 to 35 minutes to reading and highlighting key points.
Under-allocating reading time can lead to overlooking key points and issues.
Over-allocating reading time can lead to running out of writing time.
Balance the time spent reading exhibits.
5

Part 1 – Module Notes
Find and refine your personal style:
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Some people do a full skim and a full read.
Some people don’t skim and only do a detailed read. Some use a combination.
Critique your own approach to see how to make it more efficient and effective at identifying and organizing information.
Use tools to help plan your response.

6

2

Part 1 – Module Notes
Preparing an outline:
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Saves time if done correctly
Four steps to