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Business ACCA V6, Global Body for Professional Accountants

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`twinkles
post Jun 25 2010, 09:30 PM

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QUOTE(jactval @ Jun 25 2010, 02:58 PM)
Anyone attended Haneef P2 class before? Wonder what he taught during first sem? Conso or standard? Interested to join his class to deepen my IAS knowledge.
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I was in his class last sitting. He taught basic consolidation, joint venture, revising some F7 standards and a few P2 standards like operating segments and related party disclosures. He doesn't offer catch up classes anymore, I think he doesn't have extra time already. He only teach more advanced consol during second term and IAS standards. Slightly different from what maymay said


`twinkles
post Jul 31 2010, 10:03 AM

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QUOTE(yokitoki @ Jul 30 2010, 10:29 PM)
F7,

In IAS 16,Property,Plant and Equipment,
in the Revaluation Model part,they stated that

'When a revalued asset is disposed of, any revaluation surplus may be transferred directly to retained earnings, or it may be left in equity under the heading revaluation surplus. The transfer to retained earnings should not be made through the income statement (that is, no "recycling" through profit or loss).'

what do they mean by 'recycling profit/loss' and how will it occur if recognize revaluation surplus in income statement?
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Means you could not take the revaluation surplus and put it in income statement to increase your profits for the year. You can only transfer the surplus from one reserve to another without affecting your current profit. Something like that if I do not make a mistake, my F7 was a long time history XD
`twinkles
post Aug 1 2010, 09:32 PM

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QUOTE(ThanatosSwiftfire @ Jul 31 2010, 11:08 AM)
Twinkles is correct. (under the old format)

However, under the new SOCI format, the transfer from revaluation reserve to will in fact be disclosed in the income statement as an "OCI" movement/income.
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Oh yea, I forgot about that part. Thanks for updating smile.gif
`twinkles
post Aug 23 2010, 12:14 PM

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I cannot log in! I am very very worried!
`twinkles
post Aug 24 2010, 05:41 PM

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For students who have taken P3 under Parmindar before, do you think it is more advantageous to take his RI or RE? I only want to either one of it because during the last month I do not wish to spend too many time on revision courses. I prefer studying myself at home for the final studies
`twinkles
post Oct 4 2010, 12:42 PM

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QUOTE(starz92 @ Oct 2 2010, 07:47 PM)
what bank you using.i tried using hong leong debit card but can't make it through. So far i knew Citibank and Standard Chartered bank can.
*i heard some saying that local bank cannot use.
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From what I know so far, only Public bank debit cards can be used. Other local banks debit cards are not acceptable for international transactions yet. That was one and a half year ago though, not sure whether things are different already now

QUOTE(adrianzz @ Oct 2 2010, 08:57 PM)
hey,guys..I would like to ask something about CAT..Let's say if i got a C+ in my prinsip akaun,could i still get exemption from T1?or must it be getting an A+,A- or A only could get exemption from T1??Thanks in advanced..
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A couple of years ago, only people with A1 (and I think A2 too) can get exemption for T1. So, most probably you have to get a A+, A- or A to get an exemption since I haven't update myself with secondary school information for a long long time already since graduated many years ago tongue.gif

This post has been edited by `twinkles: Oct 4 2010, 12:43 PM
`twinkles
post Dec 16 2010, 11:58 AM

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QUOTE(S.HAN @ Dec 15 2010, 03:17 PM)
hi,i need some suggestion.i m planning to take p1 and p4.any recommended lecturers for this 2 papers..for p4,daniel ho is better or andrew pang?

hope to get answer as soon as possible, bcz i hv to register for it in this few days..

thx~
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Daniel Ho is very experienced and good. Thumbs up
`twinkles
post Feb 8 2011, 08:19 PM

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QUOTE(moon yuen @ Feb 7 2011, 10:59 PM)
Got a problem for PAPER P2 !

So , the entry should be :

Dr Acc profit b/f of Apple 75
  Cr  Cost of investment in Orange  75

But, why calculate goodwill,
Pre-acquistion profits of Orange,
Accumulate profit ( 400 - 100) , need to minus Orange - 100 one ?
It already reduce "75" from cost of investment wo.....
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You should ask Haneef first before asking this question here because when I joined his class two sittings ago, he did explained why the 100 k was deducted. If I did not remember wrongly, it is because the 100k was a pre-acquisition accumulated profit which should be separated out from the post acquisition profit. Something like that. Unless the standard changed already and I didn't update myself.
`twinkles
post Feb 21 2011, 11:20 AM

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where can we check our results faster? I remember there's this link starting with http://portal....?
`twinkles
post Feb 21 2011, 02:08 PM

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I cannot go in too sad.gif
`twinkles
post Feb 21 2011, 02:14 PM

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Haven't
`twinkles
post Feb 21 2011, 03:12 PM

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3 pm and still cannot sad.gif
`twinkles
post Feb 25 2011, 08:47 PM

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Wrongly posted

This post has been edited by `twinkles: Feb 25 2011, 08:47 PM
`twinkles
post Feb 25 2011, 08:47 PM

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Can I know when and how would one be notified if he/she is a prize winner for Malaysia/world?

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