Tag Archives: cemap training

CeMAP questions from our virtual learning zone (part 3)

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Every month we go through our CeMAP forums at http://www.cemap123.co.uk (which our students have access to as part of their CeMAP Training programme) to see what interesting queries have been dziners-org-discussionposted.

Here is this months CeMAP query from Daniel A:

Question:

I’m baffled by how  share dividends work. For instance:
Will has received a cheque for £300 in respect of share dividends.

What was the gross amount upon which this payment was based?

Why is the answer £333.33?

Answer:

This about ‘grossing up’. A dividend is always paid net of 10% tax. As £300 was received (net), then we need to gross it up i.e. divide by 0.9. 300/0.9 = 333.33, hence 100%.

Hope this clarifies it. Any other problems, don’t hesitate to ask

David A – Futuretrend CeMAP Trainer

CeMAP questions from our virtual learning zone (Item 2)

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Every month we go through our CeMAP forums at http://www.cemap123.co.uk (which our students have access to as part of their CeMAP Training programme) to see what interesting queries have been dziners-org-discussionposted.

Here is this months CeMAP query from Dave S:

Question:
Hello,
Can anyone please explain top slicing in plain English, perhaps with an example of how it would be calculated in a real life situation?

Dave

 

Hi Dave

Top slicing – The good news is that for CeMap you won’t be required to work out top slicing – it can be too complicated !!!

Essentially, with an Investment Bond, whereas one would think that any gain from the Bond would be subject to Capital Gains tax, it is in fact subject to income Tax!! The capital gain is calculated and then divided by the number of years that you have held the Bond – this is then added to your income over the preceding years. Too complicated – don’t need to know it – just remember that any gain is subject to income tax and not CGT.

Hope this helps

David Airs
CeMAP Trainer

Re: Top slicing
by Dave S

That’s a relief! Thank you David.

cemap questions from our virtual learning zone

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Every month we go through our CeMAP forums at http://www.cemap123.co.uk (which our students have access to as part of their CeMAP Training programme) to see what interesting queries have been dziners-org-discussionposted.

Here is this months CeMAP query from Holly D:

Question:

When I booked my exams through IFS, you have the option of registering for CeMAP England/Wales or CeMAP Scotland.  In my text book there are still references to Scottish legislation, does that mean we may still be examined on it? I thought that was the idea of choosing the English/Welsh version so you aren’t examined on Scottish Regs

Answer:

HI Holly

Totally ignore the Scottish stuff. If you do CeMap under English and Welsh law then you can do mortgages in Scotland, believe it or not, not vice versa!

David Airs – CeMAP trainer

It’s been quite a while!

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Yes. It’s been a while since our last blog.
This always happens at this time of the year.
The new academic year means new syllabuses.
New courses added to the portfolio.
New material to be written.
New trainers to induct.
And so we have had our hands completely full.
Pressure is beginning to ease so you can expect that normal blogging duty will resume soon.

New things to look out for…

CeMAP 2012/13 Academic year material now completed. So for those looking to do CeMAP distance learning can rest assured we will only be sending them current material.

DipFA Coursework and FactFind Training has been going very well. We’ve been closely monitoring the success rates of our students and can only recollect a few that have not passed! We have our new tutor , Paul, to thank for that! He really cares about the students and provides them with a lot of aftercare support. The rave reviews he has been getting are extremely well deserved.

Stocks, Shares and Investments courses and our Day Trading Forex programme has been running smoothly under the management of Umar. He has brought a very practical slant to the courses and his post course mentoring is just first class. It’s no wonder people are queueing up to join his classes.

We’ve also been working hard on a Business Analysis course which is scheduled to kick off October 28th. For this we have recruited the services of a very senior Business Analyst at Amazon. We get so many Software Testing Analysts looking for a career progression route…and for most – this is it!

Our Software Testing Essentials course has had some new additions to it. We’ve added an extra day on to the course thereby incorporating Test automation into the programme.

We now have beginners to advanced WordPress courses ranging from the basics (using WordPress.com) to intermediate and advanced levels using wordpress.org and all the benefits of flexibility to looking at how to build your own themes and understanding the php code that allows you to customise your wordpress site even more.

We are also trialling the ACA qualification for those looking to gain Adobe accreditation in either Photoshop or Dreamweaver.
A goal for the Adobe Certified Associate certification is to address the real world, entry-level skill expectations for web communication, rich media communication, and visual communication.

This certification is a credential that validates entry-level skills needed to plan, design, build, and maintain effective communications by using different forms of digital media.

The qualification is open to anyone who takes our Adobe Photoshop Next Step Course and Adobe Dreamweaver Next Step course.

So as you can see there’s lot’s to look forward to at Futuretrend this academic year.

Studying CeMAP solo? Here are some questions you need to ask yourself

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So you’ve started out on a new career path and if you get through this first hurdle (CeMAP) then it would be the beginning of a bright future as a mortgage advisor. Yes, times may be hard at the moment but it’s a sector that will see brighter days again. After all, we are a nation of homeowners aren’t we? The desire for owning property is never going away and once the lending criteria eases up or the economy gets better….you’ll be the one smiling.

cemap studies

Lots of cemap books to study

However, CeMAP qualification stands in your way and you’ve got to crack this first. It would really be too embarrassing to tell your family, friends, and colleagues that you failed your CeMAP certification exam.

If you add up your investment in time, money and emotion, it doesn’t make sense to take the exam with any lingering doubts. You need to take the exam with confidence and be ready to pass!

Be honest and ask yourself these questions.

Have you really put in enough study time?

When you were studying did you really “get it” or were you just turning pages?

Do you know your weakest area in the CeMAP syllabus?

Are you consistently scoring over 70% in each unit?

Do you know the answers to the questions before you even see the answers?
Are you guessing at the right answer a lot?

Do you know how it feels to take the actual CeMAP exam?

Are you willing to keep on paying extra to retake the exam?

Are you confident that you will pass on your first try?

If you answered NO to at least one of the questions above, then you may need some help to get you over the line.  It can be very frustrating studying CeMAP on your own. The subject matter is not the most riveting. It helps when you have experienced CeMAP tutors that can help you make imaginative connections to the material.  It’s even better when you have a study group for motivation, support and of course to share your success with!