Business ACCA V6, Global Body for Professional Accountants
|
|
 Mar 14 2010, 08:11 PM
|
 
Senior Member
928 posts Joined: Jul 2006  
|
QUOTE(dreamadom @ Mar 14 2010, 02:42 PM) ACCA straight away?? umm... 3 papers shud be done in one sem ryte? means CAT's 2 sems cut into 1 sem??? Yeah you can do that. But i think you'll have to take the exam during December sitting as you won't be able to catch up for June sitting. |
|
|
|
|
|
Mar 14 2010, 08:18 PM
|
Senior Member
717 posts Joined: Sep 2008
|
any tips for P3 Progress Test 2 in Sunway??
any part time student who have taken the test? My test is on tomorrow!! |
|
|
Mar 14 2010, 09:15 PM
|
Junior Member
9 posts Joined: Feb 2009
|
QUOTE(shiloong7081 @ Mar 14 2010, 08:11 PM) Yeah you can do that. But i think you'll have to take the exam during December sitting as you won't be able to catch up for June sitting. means it sums up to the same amount of time.. i'll stick with CAT then (: |
|
|
Mar 14 2010, 09:19 PM
|
|
Senior Member
2,102 posts Joined: Feb 2008
|
QUOTE(dreamadom @ Mar 14 2010, 02:33 AM) Dear amber88, acca is not a degree. You dont even need to go to any college and you just have to pay exam and membership fees and thats it. With so many options open, nobody will give scholarship for that.I'm actually an STPM graduate*, the asterisk is because i failed  sad to say, went and wasted my 2 years fooling around.. totally my fault!I understand that ACCA is hyper tough, that's why i made up my mind to do CAT in advance. I could've chosen TARC diploma cum ACCA, but due to the lack of foundation in accounts, plus not wanting to take the risk of jumping into ACCA so fast, i plan to do CAT 1st, hope i'm making the right choice though  Here's my plan, pls give moreeee advice CAT in INTI SJ ==> ACCA in KSA or OIC And amber88, I totally agree with the grads in edu fair thing u mentioned, i personally find edu fair a nuisance and waste of resources. Grads should make up their minds on wat to do by doing research online and asking experienced folks around. Then only should they call up a tuition provider for the course details, not going to some crowded fair whereby some of them are promoters and the true counselors are dead tired and effing busy that they cant provide you with 100% information and help that you TOTALLY need. And about scholarshipsssss, again it's my faulttttt -.- scored 7a's in spm including a1 in accounts, but now they change the scholarship system for the new spm marking system, making my results of a1 a2 useless in scholarship application of inti's.. and i don't think i'm still exempted for that paper *cries in agony my beloved experienced and working forumers out there.. Is there by any chance some bank loans or company loans i can try out??? Thank you so so so so sooooo much 20k++ might be a fraction of degree courses, but still, it's not exactly a small amount as well ): Furthermore to if company give scholarships give scholarship, its tax deductible if meet certain criterias and acca does not even meet one so no company will be stupid enough to offer one. But Bond on the other hand its different. As they need to offer some sort of incentives for new joiners to enter their company they will said they will sponsor you to take acca, cima,.....etc. Most O&G did this like Shell and Petronas. Added on March 14, 2010, 9:25 pm QUOTE(beyond_99 @ Mar 14 2010, 12:13 AM) i wou8ld like to know how it is possible for one who passed all ACCA papers to work overseas like Sg,NZ,canada.... Passed all papers + 3 minimum year of experience to BE RECOGNISED AS ACCA MEMBER = then you can get entry to other countries. Merely passing the papers makes you no difference than any other degree holders.Normally needs more than 3 years unless you done a lot of things under that 3 years, the simplest route is : 1) Get a platinum employer (gold is still ok) 2) In audit field cos PER will ask you that (have you done statutory audit......) But unless you want to subject yourself to physical and mental punishment please go ahead. There is a reason why they only need 3 years from those cos they worked at least twice than harder than anybody. Added on March 14, 2010, 9:37 pm QUOTE(amber88 @ Mar 13 2010, 08:36 PM) Do CAT if you're serious about becoming a chartered accountant, as it's the foundation for ACCA for those without STPM. A lot of people completed CAT but did not continue on after they realised they could not cope with the syllabus. I speak from experience as my CAT batch of 30, only half continued for ACCA. And out of those half, only 5 cleared CAT within 1 year (fastest) and moved on to ACCA. The rest half a year later. Warning !!! For any hardworking and ambitious students please stop reading this post as this was posted by a lazy and average joe acca holder. Okie Most colleges had their open days this weekend. When I saw those fresh SPM grads coming for counselling, I laughed (inside) that those people have no idea what they're enrolling into or about to enter. Those sales people are just doing their job, making more customers to enrol into college, just conveniently ignore and forgot to tell them how hard ACCA is. In my coll, there are only about 20 or less ACCA affiliates every sem. And mind you, my college is the top in my town. The number dwindles as you progress higher. From a class of 60, by the end, it'll only be 10 or so. So pitiful. ACCA is tough. If you like accounting, do a BA minus the stress we faced. Cramming for all numbers, facts and theories within 5 months for exam is no fun, compared to our relaxed companions doing a/cing degree. Clear it in one go, or else you'd have to wait for another 6 months. Degrees mostly have a fixed time frame of 4 years, you know what's scary about ACCA? There's no time limit, it depends on you whether how many papers you wanna take at 1 sitting. The more you take, the faster you complete it, BUT ONLY if you pass it, that's it. That's why it can drag on and on if you don't pass. But the rewards are worth it. ACCA is externally marked, the whole world sits for the same exam at the same time, whereas degrees your lecturers, most likely or not, tend to give out tips, which defeat the purpose of us pursuing higher education. Though I hate the tension of ACCA exam, we learn a lot and I'm grateful for that. So yeah, please think carefully. About loan, I think fellow members in this forum have mentioned that PTPTN is not allowed as CAT/ACCA is a professional course. Personal loan, I'm not sure. But, you can try for individual college provider for their own tuition fee waiver. My friend did her CAT free, thanks to scholarship from the college. As for INTI, I don't know. I'm taking a P paper at an INTI's branch campus. To my horror, the lecturer confessed (after I asked) that this is the 1st time he's teaching this paper. Good god!!!! That means he doesn't know the trend of exam questions and style nor the syllabus. I hope I'll pass this sitting. Of course, please, don't take my word for it. There're aplenty of members here that passed ACCA in 1 go and offer useful advice. Thank you for those advice, very appreciate it. Regarding CAT, I found it a piece of cake. Too easy in fact. But watch out for T9 and T10, these are the only two papers I was disappointed with my marks.  . For those whom are in for the fun, join the club  I am quite pleased that there is still some prudent people out there cos I met too many that is too optimistic in the beginning but lose out all hope when they failed to cut it. Can blame acca for their lax requirement and today youth's high self esteem, never know until they try. But you too are being over worried, technically all those "horrid time" can be easily avoided. I can say that my acca life is the most relaxing in my entire education life, even less than my spm,pmr or upsr. Cos I only studied like 10 hours obligatory class every week and maybe another 10 revision hours. ACCA wants students to be independent and learned by themselves more than just follow lecturers blindly. Lecturers are there only to guide but how and when to study totally is up you to decide. Unless those uni got some "pass rates" to protect then its different story. Well you dont have to push yourself so hard to pass quickly cos i dont understand whats the purpose of it ? To brag to people ? Dont be offended though cos thats what I initially thought at beginning too, but once there the whole thing become pointless. I used to purposely hold those thick ACCA BPP books when aboard public transportation just to show that I am an acca student. When reach professional stage, such thoughts seems quite stupid. Disappointment over your marks eh ? My advice, once passed just give it a thought for one day and then move on. No point thinking about the past. But I do agree on anything like rewarding or pampering yourself after one successful result no matter how small it is. This post has been edited by Topace111: Mar 14 2010, 09:37 PM |
|
|
Mar 14 2010, 09:46 PM
|
|
Junior Member
9 posts Joined: Feb 2009
|
@topace111
i understand that acca is not a degree, thanks for the advice.. bonds eh?? i'll give it a shot About wat u said on passing fast.. guess it's just silly, but to some people, passing fast = using smart tag into working life, and they have retired parents and stuff to support. and passing fast, means less semester and less accomadation expenses, if u're not staying near some provider that is.. And if u're guessing it, yes, passing fast is important to me, for family, for friends and stuff.. and about the showing off part, i went through it also  using form 5 bio textbook xDDD guess i'm dumber |
|
|
Mar 14 2010, 11:58 PM
|
Senior Member
1,679 posts Joined: Jan 2010 From: Penang
|
QUOTE(dreamadom @ Mar 14 2010, 09:46 PM) @topace111 +1..I also hope to pass fast to work earlier so that can support my family.i understand that acca is not a degree, thanks for the advice.. bonds eh?? i'll give it a shot About wat u said on passing fast.. guess it's just silly, but to some people, passing fast = using smart tag into working life, and they have retired parents and stuff to support. and passing fast, means less semester and less accomadation expenses, if u're not staying near some provider that is.. And if u're guessing it, yes, passing fast is important to me, for family, for friends and stuff.. and about the showing off part, i went through it also using form 5 bio textbook xDDD guess i'm dumber |
|
|
|
|
|
Mar 15 2010, 02:52 AM
|
|
Junior Member
8 posts Joined: Dec 2007
|
QUOTE(karhoe @ Mar 5 2010, 06:12 PM) Doubt so lol agree! I was taught by Ms Pushpa also, as she kept 'singing the song' of the laws in the class, i got through the exam although didn't really memorize hard lolAdded on March 5, 2010, 6:14 pmBtw, I think the recommended lecturer list is a little obsolete, Like I was under Ms Pushpa for F4 in Sunway and I believe she taught very well, and she is a very experienced lecturer as well, maybe we should add her up on the front page. |
|
|
Mar 15 2010, 06:58 PM
|
Senior Member
6,238 posts Joined: Sep 2005 From: Kuala Lumpur
|
QUOTE(ck23 @ Mar 14 2010, 08:18 PM) any tips for P3 Progress Test 2 in Sunway?? LOL, so you're sunway student also? I'm under Ms Wongany part time student who have taken the test? My test is on tomorrow!! |
|
|
Mar 15 2010, 07:51 PM
|
|
Junior Member
92 posts Joined: Jun 2009
|
QUOTE(blurskyblue @ Mar 13 2010, 08:26 PM) who can help me solve tis Q??? plzplzplz 1. No Do-My-Homework Threads allowed, but you may ask specific parts of your homework which you had difficulty in. the following list of balances was extracted frm the book of Chelsea as at 30 June X5 Freehold land 56,000,000 (dt) Building-cost 524,000,000 (dt) Accumulated depreciation 1JulyX4 -Building 11,200,000 (cr) -Equipment 3,800,000 (cr) Bank balance 16,500,000 (dt) Inventory 30 June X5 127,400,000 (dt) Provision for doubtful debts 1JulyX4 5,200,000 (cr) Acc. receivable and payable 82,400,000(dt) 75,140,000(cr) Investment in Gov bond 25,000,000(dt) Interest received 6,100,000(cr) 8% fixed term bank loan 120,000,000(cr) Tax paid 35,000,000(dt) Interim dividend paid-ordinary shares 17,000,000(dt) Ordinary shares of RM1 each 300,000,000(cr) Share premium 50,000,000(cr) Retained profit 30 June X5 330,860,000(cr) total 902,300,000 Additional information: i. A newly employed staff member prepared the list of balances after he had prepared the income statement for the year ended 30 June X5. The retained profit on 1July X4 was RM200,200,000. ii.the following adjustment were not taken into consideration: a)An insurance policy for RM5,000,000 was taken out on the building. The insurance coverage is for the period 1 JAn X5 to 31 DEc X5. the whole amount was expensed off. b)Accrued utility bills was RM 1,800,000 c)The 8% bank loan was secured on 1Dec X4 and interest is to be paid annualy on 30 NOv . d)Bad debts of RM120,000 were nt provided ans the provision for doubtful debts is to be 5%. e) Depreciation charges hv nt been provided for and the company depreciates building at 2% on cost and equipment at 10% on net book value. f) Tax expense for the year was estimated to be RM37,000,000. The amount shown in the list above is the amount paid during the year. Profit for the year calculated has not been charges with the year's tax expense. Required: a) Prepare a schedule to calculate the adjusted profit after tax for the year ended 30 June X5. b) Prepare the balance sheet as at 30 June X5 |
|
|
Mar 17 2010, 10:02 AM
|
Junior Member
433 posts Joined: Jan 2008 From: Penang, Malaysia 
|
Hi everyone,
Anyone from Penang (Sentral college) attending class for F6 this semester? Please pm me. Have something to discuss... Thanks. |
|
|
Mar 17 2010, 10:09 AM
|
|
Senior Member
1,679 posts Joined: Jan 2010 From: Penang
|
Anyone here took the TAFE(Adv.diploma) then ACCA route?Any advice on this route?
|
|
|
Mar 17 2010, 01:48 PM
|
|
Junior Member
422 posts Joined: Oct 2006 From: sunway pjs11
|
QUOTE(augustsnow @ Mar 15 2010, 02:52 AM) lol agree! I was taught by Ms Pushpa also, as she kept 'singing the song' of the laws in the class, i got through the exam although didn't really memorize hard lol pushpa is way different now...as she gets older... her knowledge towards f4 widens! and she juz brags on and on thinking that we are sponges... thinking that we can juz absorb! one problem is that f4 is way too easy and she thinks its easy for us first timers plus she's very textbook orientated which is quite boring... most of the class juz doze off b4 she even gets to the first break! i had f4 with pushpa and lydia(doctor) i would prefer lydia as she takes things slowly and she makes short notes instead of a full textbook full of facts i think that lydia gives better guidance as her notes and explainations are way simpler in language terms the fact that pushpa has a huge class (100students) is also kind of big and as u all know... having big classes... the concentration of the lecturer towards the students lessen juz my point of view i personally absorb more info n facts and understand law more in lydia's class compared to pushpa's Added on March 17, 2010, 2:00 pm QUOTE(dreamadom @ Mar 14 2010, 02:33 AM) Dear amber88, some colleges give rebates etc etcI'm actually an STPM graduate*, the asterisk is because i failed sad to say, went and wasted my 2 years fooling around.. totally my fault!I understand that ACCA is hyper tough, that's why i made up my mind to do CAT in advance. I could've chosen TARC diploma cum ACCA, but due to the lack of foundation in accounts, plus not wanting to take the risk of jumping into ACCA so fast, i plan to do CAT 1st, hope i'm making the right choice though Here's my plan, pls give moreeee advice CAT in INTI SJ ==> ACCA in KSA or OIC And amber88, I totally agree with the grads in edu fair thing u mentioned, i personally find edu fair a nuisance and waste of resources. Grads should make up their minds on wat to do by doing research online and asking experienced folks around. Then only should they call up a tuition provider for the course details, not going to some crowded fair whereby some of them are promoters and the true counselors are dead tired and effing busy that they cant provide you with 100% information and help that you TOTALLY need. And about scholarshipsssss, again it's my faulttttt -.- scored 7a's in spm including a1 in accounts, but now they change the scholarship system for the new spm marking system, making my results of a1 a2 useless in scholarship application of inti's.. and i don't think i'm still exempted for that paper *cries in agony my beloved experienced and working forumers out there.. Is there by any chance some bank loans or company loans i can try out??? Thank you so so so so sooooo much 20k++ might be a fraction of degree courses, but still, it's not exactly a small amount as well ): in 2007 sunway kuching or FTMS kuching (i knot really remember tat time) gave around RM500 per a1 u get in SPM as rebates for your CAT. if u happen to not get and rebates or scholarships... study hard and aim a msian prize hahaha you'll get 50% rebates for everything u need to pay. and u shud be exempted for t1(cat paper) if u get A1 for accounting. but im not too sure if anything changed This post has been edited by larrytty: Mar 17 2010, 02:00 PM |
|
|
Mar 17 2010, 02:58 PM
|
|
Junior Member
9 posts Joined: Feb 2009
|
i cant find my exemption letter T.T lost it i guess..
May i know more about the malaysian prize of which you mentioned? |
|
|
|
|
|
Mar 17 2010, 03:13 PM
|
|
Junior Member
422 posts Joined: Oct 2006 From: sunway pjs11
|
QUOTE(dreamadom @ Mar 17 2010, 02:58 PM) i cant find my exemption letter T.T lost it i guess.. exemption letter no need to worry... u can always ask your tuition provider to print or do another letter if im not wrong.May i know more about the malaysian prize of which you mentioned? owh as for malaysia prize holders... are got special achievements eg people getting 99% in exams are usually malaysian prize holders and would have their tuition fees boared and exam frees waived by ACCA themselves. which means free for u. if u do get 100% for international papers you'll get 100% free if im not wrong. u can always read more about it in the main website. accaglobalaccaglobal.com |
|
|
Mar 17 2010, 03:46 PM
|
|
Junior Member
9 posts Joined: Feb 2009
|
oh good good :) exemption in t1? t1 means paper 1 ah? niceeeeeeeeeeeeee xDD
owh.. 99% and 100%? hard to get de worrr.. ryte? not impossible ryte? :p |
|
|
Mar 17 2010, 03:53 PM
|
Junior Member
291 posts Joined: May 2008
|
I would like to ask a question , after completing ACCA and working for 3 years (and becoming a chartered accountant)
What are the job prospects? Working life would definitely be better than working at BIG4 am i right? I heard alot about the harsh working life at BIG4 from my sister who is a degree holder for accounts and finance. I'm currently a student enrolled for CAT > ACCA march intake, orientation starts next monday =) |
|
|
Mar 17 2010, 05:27 PM
|
|
Junior Member
422 posts Joined: Oct 2006 From: sunway pjs11
|
QUOTE(dreamadom @ Mar 17 2010, 03:46 PM) oh good good it is very hard to get! but then... some people do get it every semester:P exemption in t1? t1 means paper 1 ah? niceeeeeeeeeeeeee xDDowh.. 99% and 100%? hard to get de worrr.. ryte? not impossible ryte? Added on March 17, 2010, 9:43 pm QUOTE(DeVGF @ Mar 17 2010, 03:53 PM) I would like to ask a question , after completing ACCA and working for 3 years (and becoming a chartered accountant) of course it will be better... What are the job prospects? Working life would definitely be better than working at BIG4 am i right? I heard alot about the harsh working life at BIG4 from my sister who is a degree holder for accounts and finance. I'm currently a student enrolled for CAT > ACCA march intake, orientation starts next monday =) everything starts off bad and it gets a lil better.... as time passes... eventhou the working style and load is still the same... u might already got used to it till u feel that your working life is slightly better hahaha once u fulfill your ACCA working requirement of 3years... life is supposingly better! salary higher... not better meH? This post has been edited by larrytty: Mar 17 2010, 09:43 PM |
|
|
Mar 17 2010, 11:18 PM
|
|
Junior Member
228 posts Joined: Dec 2009
|
QUOTE(starz92 @ Mar 17 2010, 10:09 AM) Anyone here took the TAFE(Adv.diploma) then ACCA route?Any advice on this route? what is tafe...i'm studying adv dip cum ACCA at tarc... |
|
|
Mar 18 2010, 03:48 PM
|
|
Senior Member
2,787 posts Joined: Jan 2003
|
QUOTE(larrytty @ Mar 17 2010, 05:27 PM) it is very hard to get! but then... some people do get it every semester:P Have you started working, particularly in Big 4, btw?Added on March 17, 2010, 9:43 pm of course it will be better... everything starts off bad and it gets a lil better.... as time passes... eventhou the working style and load is still the same... u might already got used to it till u feel that your working life is slightly better hahaha once u fulfill your ACCA working requirement of 3years... life is supposingly better! salary higher... not better meH? |
|
|
Mar 18 2010, 04:10 PM
|
|
Junior Member
422 posts Joined: Oct 2006 From: sunway pjs11
|
QUOTE(ThanatosSwiftfire @ Mar 18 2010, 03:48 PM) Have you started working, particularly in Big 4, btw? hahah no! im only in F lvl ACCa... but i know some people who are working and who are seniors in P lvls too |
|
Topic ClosedOptions
|
| Change to: |  0.2556sec
 1.03
 6 queries
 GZIP Disabled
Time is now: 17th December 2025 - 02:15 PM |
Quote