cima strategic case study november 2022

Exam Resource

Scs november 2022 - february 2023 post exam material.

This document contains the full post exam supporting materials for the November 2022 and February 2023 Strategic Case Study exam containing:

• pre-seen material
• exam variants
• suggested solutions
• examiners report (available from 28 April)
• marking guidance (available from 28 April)

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When compared to the Official CIMA Provider’s course, we go beyond by providing in-depth analysis of the pre-seen material, a wider range of exam guidance and study materials, all at a lower cost.

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“I couldn’t recommend Astranti enough. I used them throughout my case study preparations and found their materials prepared me so well for the exams, meaning I was confident in all aspects from exam technique to theory to case study analysis. Mock exams and suggested solutions are brilliant for preparing for the exam and many topics covered by Astranti are often present in the real exam. The team are very knowledgeable and always available to answer any queries. “

CIMA Qualified , January 2024

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Over more than 15 years of teaching CIMA case study we’ve considered exactly what students need to support you in order to give you everything you need to pass.

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“ The material from Astranti helped me massively to pass my Strategic Case Study CIMA exam. The material was easily accessible, i watched it during breaks on my mobile/ipad alongside listening whilst driving in the car. The quality of the material was excellent, everything was broken down in an easy to understand manner and you’re able to skip bits which you think are too basic. For price as well I don’t think there is any better material out there. I wish I used Astranti the whole way through my studies. “

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Pre-seen pack

• Full analysis of the pre-seen , picking out the most important snippets of information so that you don’t miss a thing
• Strategic analysis that links the pre-seen to the key theories and models from the syllabus
• An analysis of the top 10 most likely issues to appear in the final exam according to our case study experts
• Our industry analysis provides an overview of the real-world industry that the pre-seen company belongs to, so you can apply this in the exam to score extra marks
• 30 pre-seen knowledge questions designed to cement your knowledge learned

5x Mock exams with debrief videos

• 7 fully timed computer-based mock exams , with challenging questions designed to replicate the real exam
• Detailed solutions so you understand where you went wrong quickly and easily and to enable you to learn how to approach a similar question in the real exam
• Debrief videos where our tutors walk you through the best approach to each mock
• 5x mock exams as standard
• 2x bonus mocks for the February and August exam sittings

3x Marking and feedback

• Comprehensive marking and feedback for 3 mock exams from your assigned expert tutor
• Commentary on each script on a section by section basis, tellilng you what’s great and what needs to be improved
• A 7 page summary analysis of each script, guiding you on what you need to do to improve

'How to pass the case study' course

• Get to grips with the case study exam and find out exactly what it takes to pass
• Perfect your exam planning and writing technique
• Find out how to maximise the marks that you score in your final exam
• Learn how to provide the best answers written down in the right way, within the time given in the exam
• Hear exactly what the examiners say about how to pass the case study exam and the mistakes that past students made

Theory revision series

• Designed to refresh all of your syllabus knowledge relevant to the case study exams. We take the most commonly examined theory from E3, F3 and P3 and summarise that for you so you can review theory quickly and easily
• Take the study text with you wherever you are, with both the online and printable versions
• Watch the tuition videos for an even more detailed analysis of the key theory , including worked examples throughout to help with your understanding

Ethics and Questions packs

• Ethics is   the most commonly examined topic at strategic case study . As such it’s the most important topic for you to revise
• Our   ethics video   shows you how to pass ethics questions in the exam
• Our   20 practice ethics questions   enable you to master a range of ethical questions and practice the specific method that is proven to enable you to pass these questions
• Our   questions pack  contains 60 case study exam-style questions , helping you to  prepare for your exam.

3x Live online masterclasses

• Attend 3  LIVE  online masterclass days and get instant answers to your questions from our experienced SCS tutor using our interactive chat box throughout each session

Tutor expertise and Discussion hub

• Ask our tutors further questions and join the student/tutor conversation on our discussion hub
• Tailored support from your personally assigned exam marker , with all of the experience you could need to give you the best advice needed to ensure you pass the exam

Personal course mentor

• Support from your assigned mentor from the first day of the course to the last
• They’ll help you work your way through the course at a good pace, keeping up with your desired schedule and hitting the course deadlines as you go with regular catch up emails, video calls, or a combination of the two – whatever works for you!
• On hand to answer your questions or guide you in the direction you need

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Tips for mastering the CIMA Case Study Exams

The CIMA® Case Study exams are the final capstone exams of each level of the CIMA Professional Qualification, which students must pass to gain the CGMA® designation. We explore four tips to help you prepare for the exams.

1)     Understand the three Case Study levels.

Each Case Study exam lasts three hours, with multiple tasks of equal lengths. There is a natural progression to the levels — Operational, Management and Strategic — that simulate how work as a management accountant progresses. To reach the Case Study level, you will have already passed the Objective Tests, which focus on ensuring that you have acquired the knowledge and skills for each pillar.  Case Study exams are more about interpreting data and require practical answers to practical questions and simulate real-life business scenarios.

Operational Case Study (OCS)

• Focus — The short-term role of the finance officer and the implementation of decisions
• Skills you need to convey — How to work with others in the organisation and use appropriate data and technology to translate medium-term decisions into short-term actionable plans
• Stats — Three-hour exam containing four tasks related to the enterprise, performance, and financial pillars; allotted 45 minutes per task, each task has two to three sub-tasks

Management Case Study (MCS)

• Focus — The role of the finance manager involves translating long-term decisions into medium-term plans
• Skills you need to convey — How to use data and relevant technology to manage organisational and individual performance; allocate resources to implement decisions; monitor and report the implementation of decisions; prepare and interpret financial statements to show performance

Strategic Case Study (SCS)

• Focus — The role of the senior finance manager entails long-term strategic decision-making
• Skills you need to convey — How to support organisational leaders to craft strategy and evaluate and manage risks that might prevent the successful implementation of strategy, including sourcing financial resources; value the organisations
• Stats — Three-hour exam containing three tasks related to the enterprise, performance, and financial pillars; allotted 1-hour per task, each task has two to three sub-tasks

2)     Understand the Case Study exam cycle.

• Preseen — Released seven weeks before Exam 1
• Exam 1 — Exam cycle is May and August . The same three to four exam variants are offered both months.
• Results — Released seven weeks after the exam
• Preseen — Released seven weeks before Exam 2
• Exam 2 — Exam cycle is November and February . The same three to four exam variants are offered both months.

C opyright: BPP

3)     Understand the pre-seen materials.

Pre-seen materials — known as ‘preseens’ — are background information about the fictitious organisation featured in the Case Study exam. This information forms the basis of the tasks you can expect to see in the exam. The preseen tells the story of the company, including the industry and context in which it operates, its financial statements, management accounts, markets and competitors. Preseens are usually 26 – 30 pages long. Key tips include:

• Be ready — Familiarise yourself with the company, industry and current events.
• Analyse — Perform an analysis such as strengths, weaknesses, opportunities and threats (SWOT) or political, economic, social and technological (PEST); review financial statements and reporting issues. The end of the preseen will contain live issues regarding what is happening in the industry. For instance, a new standard may have come out that will change reporting standards from the current year to the next and that the Case Study exam must address.
• Cross-reference with the blueprint — Being able to know what you can do is critical. Can you discuss finance options, dividend policy or evaluate digital strategies?

Tackling “I can” from each of the core activities in each of the sections is necessary for success. For instance:

• I can identify relevant costs and benefits.
• I can advise on the communication process.
• I can recommend a dividend policy.
• I can use appropriate technologies to gather data for costing purposes, from digital and other sources.

Have a broad syllabus knowledge and know your company intrinsically. You become the person when you role-play the exam. Avoid prefabricated answers, as the exam will have details not included in the preseens. Your answers have to be relevant to the question. 

4)     Plan your exam approach.

• Manage your time — If you can complete a section early, that time does not get applied to the next section. We suggest spending all of your allotted time within the section.
• Keep your answers real and relevant — Remember this is a role-based exam; identify one or more factors that might be relevant, then explain why that approach would be relevant. The more tangible details you provide, the higher you are likely to score. Do not offer irrelevant arguments for the sake of padding your answers. Aim for neat, discreet paragraphs.
• Understand the scoring — People mark the exams, and the pass rate is 60%. Even though a scale is scored 80 out of 150, 60% is the pass rate. The sub-tasks will be weighted differently. Each case will contain tasks from all five of the core activities:

Evaluate opportunities to add value.

-  Implement senior management decisions.

-  Manage performance and costs to aid value creation.

-  Measure performance.

-  Manage internal and external stakeholder.

• Scoring example

 “For a 12-mark answer, it might be possible to identify, say, four issues. A candidate who aims to write about four topics only has to score three marks for each to obtain full marks.” – MCS Examiner

You have all the tools you need to do well on the CIMA Case Study exams. From all of us at the Association, we wish you the very best for your next Case Study exam.

The content of this article is based on a Case Study Masterclass webinar delivered by CIMA and BPP in November 2020.

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