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Business ACCA V6, Global Body for Professional Accountants

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YH90
post Jan 1 2011, 06:32 PM

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There's 2 publisher, BPP and Kaplan that publishes CAT and ACCA books (Ignore GTG, not so good books IMO). I have no idea on how to purchase them since Sunway provide everything to the students. I believe you can purchase it from KL tuition centres.

CAT first 3 papers shouldn't be a problem. Do you have any accounting background? Double entry is kinda hard to grasp for some of my friends.

The rest is practice practice practice. Do the past year papers, all of them if possible. T1 and T2 is all objective I think, while T3 is half half.

I'm a full time student. =D
YH90
post Jan 1 2011, 07:15 PM

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QUOTE(2strong @ Jan 1 2011, 06:49 PM)
ahh.. alright ill look for the kaplan ones.. cuz i studied my sat with kaplan lol..
nah i dont have any accounting background, the closest thing ive ever studied is economics and goverment...and omg double entry sounds so easy, but thats cause i have no idea what it is hahaa.. .. gahh i just hope i wont struggle.. anyways yeah ill get the past years from the link you provide earlier. I was checking that link earlier, and i notice for some papers, there only a small number of past papers.. do you know any other sites i can go to?
and sorry im still new at these c.a.t names...but what is T1 and T2?
is T1 the first paper of the c.a.t which is Recording Financial Records, and T2 the second paper which is Information for management control? and so shouldnt they be called as P1 and P2 ? sorry again hehe
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Yes, T1 is the first paper of CAT. I have no idea why they gave such names. Maybe T = Technician. P is for the Professional lvl papers in ACCA, F for Fundamentals.

There's only a few past year papers because there's a major change in the syllabus in 2007 I think. Name changed, before this it was A1, B1, C1, etc.
And maybe because T1 and T2 are mostly done using CBE (Computer based exams) and therefore the lack of exam papers. Don't really know how to help you there.. =/ (Maybe google will help)
YH90
post Jan 2 2011, 09:47 PM

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QUOTE(kobe8byrant @ Jan 2 2011, 08:57 PM)
guys, where can i find the acca examination dates? thx
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HERE

The timetable is always the same I believe. Its always falls on the 1st Monday of the month of June and December.
YH90
post Jan 3 2011, 10:37 AM

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QUOTE(buysellstuff123 @ Jan 3 2011, 08:11 AM)
same situation here...what is the last date to register for june exam?
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The deadline to register for the exams is usually on the end of April I believe assuming there is no difference between CAT and ACCA.
YH90
post Jan 13 2011, 11:34 PM

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QUOTE(sandcool @ Jan 13 2011, 10:45 PM)
hi there, my wife wanna do the OBU degree in this coming sitting. Does anybody know how much is the price to do it in Sunway University now?
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It will cost you 4k. Its quite expensive compared to the other colleges. Wouldn't recommend it unless your wife is currently studying at Sunway for convenience sake.
YH90
post Jan 15 2011, 01:40 AM

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I believe US prefers their own CPA.
YH90
post Jan 15 2011, 12:32 PM

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QUOTE(caillech @ Jan 15 2011, 11:43 AM)
any tips to pass f4??

should i memorize the whole textbook and the past year answer?
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Memorize the past year answers. When I took it, I only concentrated on the 1st 6-7 questions. I memorized all the possible questions that can be tested and passed. =D
YH90
post Jan 16 2011, 12:26 AM

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QUOTE(Jason3399 @ Jan 15 2011, 11:42 PM)
Then where can we work with ACCA other than msia? And by taking CPA, we can only work in US?
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I can't believe you are asking such a question. ACCA is globally recognised, there are CFOs and CEOs with ACCA everywhere. But there's more to that than choosing them just basing on the ACCA qualification.

Experience and attitude > ACCA

You can practically work in US anytime as long as you have the necessary documents.
There's a difference between Australia CPA and US CPA. I don't know about the difficulty of obtaining the US CPA but since its highly regarded, its not easy to get it.

And I don't understand you asking whether "by taking CPA, we can only work in US." FYI, US corporations do have operations on other countries if thats what you are asking.

Again, its all about experience and attitude. There are tons of ACCA, CPA grads out there, experience and attitude singles you out from all these people.
YH90
post Jan 16 2011, 11:19 AM

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QUOTE(caillech @ Jan 16 2011, 09:57 AM)
So u mean f4 questions is repeating and more or less the same every sittings???
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The questions are mainly recycled ones, but I heard last sitting there are new questions tested. The case studies are both old and new questions, you just have to write down the theory part of the answer and then its application to the case study.

I concentrated on the questions surely coming out for the exams, mainly the legal system in Malaysia, partnership & agency, contracts (didn't memorize much though, the content in contracts is too wide), etc thats sure to come out every sitting. Memorize all the possible questions, compile them together for easy reference.
YH90
post Feb 2 2011, 09:41 PM

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QUOTE(2strong @ Feb 2 2011, 07:24 PM)
im struggling with the cat.. and you guys are talking about the difficulty in acca...shitt. how the f*** am i gotta surpass that if i cant even have peace with cat...
godd...
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LOL, so you started your CAT huh. If you don't mine, maybe you can explain which paper you don't understand.
YH90
post Feb 3 2011, 03:38 PM

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Being in the Big4 let you expose to many different industries. Not SMEs, but MNCs, means you get to learn the whole picture of how the business is being done. Once you are the audit manager, MNCs may want to poach you to join their company due to the vast exposure. Try to look at the classified section in the newspaper, some of the finance manager/accountant/etc states that experience in the Big4 is an advantage.
YH90
post Feb 13 2011, 10:34 AM

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CAT>ACCA route is indeed faster but it is also very dangerous. There are no assignments to boost your chances of passing the paper.

Furthermore, what you learn is very specialized. You won't get extra knowledge like what you will learn thru the degree route.

I don't really know much about the lecturers at TAR, but the lecturers at various tuition centres are better than certain if not most lecturersat Sunway.
YH90
post Feb 19 2011, 11:16 PM

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I simply can't wait for the email to arrive. I'll camp in front of my computer until 12pm and be the first to check out my results.

GOOD LUCK to all of you!
YH90
post Feb 21 2011, 02:25 PM

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QUOTE(caillech @ Feb 21 2011, 02:23 PM)
Juz curious...

If my fren score the highest in f6 among the other variants so wat prize would he get??

world or malaysia only??
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If I'm not mistaken, it will be a World Prize.
YH90
post Feb 21 2011, 05:55 PM

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QUOTE(Neptern @ Feb 21 2011, 05:52 PM)
awww pass f7 but fail f8 p1.If left f8 hanging cannot take optional papers right?
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You can take P lvl papers if you attempt to finish the F lvl in the same sitting.
YH90
post Feb 21 2011, 07:13 PM

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QUOTE(cLone1991 @ Feb 21 2011, 06:54 PM)
Last sitting was my first time attempting ACCA papers.
Wanted to know whether the marks on the result slip have already been converted to percentage or they are figures out of 90?
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Why is it figures out of 90? All ACCA papers have a total of 100 marks.
YH90
post Feb 21 2011, 11:51 PM

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QUOTE(starz92 @ Feb 21 2011, 09:53 PM)
so anyone here passed all acca without failing even one paper?
Btw,need some advice.
Going to go for acca after this june(last siting for my CAT).
My original plan since form 4 last time is to do 4paper 4paper and 3paper in ACCA but recently i get some advice from my senior asking me to take only 2 to 3 paper per sem and that acca very hard to pass etc..
so should i continue my original plan or change to 3,3,3,2?
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443 is do-able but halfway through, you might wonder why do you want to suffer for 1.5 years just to graduate 0.5 years earlier. Plus, a little misstep on the road and thats it.

I did F4567, you don't have to study morning till night. I still did my usual last minute study, club activities, gaming and still passed with 70.5 mark average. But the thing is the determination to do it twice and not failing in any paper.
YH90
post Feb 22 2011, 12:41 AM

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QUOTE(starz92 @ Feb 22 2011, 12:18 AM)
hmm..0.5 year earlier..with high risk to fail..even pass the stage of f4567 still got f89p12...how bout your next four paper??
and if i am to take 3332, is the chance of passing all at once high?
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I decided to not continue with my plan. I took F8, F9, P1 and P2, P3 after that. Now I'm in my final semester (hopefully).

I don't really believe that taking less papers increases your chances of passing. So I can't really comment on that.

And do note that the CAT>ACCA route is already faster than most degree courses, so I don't see the point in graduating 0.5 years earlier just to be faster than your classmates.

About 150 CAT students in my batch at Sunway, about 5-6 took 4 papers initially and only 1 continued the 443. He succeeded though, but he was always the hardworking type. =/
YH90
post Mar 4 2011, 05:32 PM

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QUOTE(2strong @ Mar 4 2011, 05:00 PM)
hi guys, i kinda need help with this double entry question
basically Im suppose to identify which account to be debited and which account to be credited..

1) Bought motor vehicle on credit from Peter

so shouldn't we credit 'trade payable' and debit 'peter' ?
im kinda confused with this..because if we purchase on credit, that means we havent paid yet, so we must open up the trade payable account right?

the answer is Debit motor vehicle and Credit peter.
2) sold goods on credit from Johnny

Same thing with this question.. shouldn't we debit the receivables acc , and credit the sales acc?

im actually kinda confused with this.. because i know that when you purchase or sell something on credit, you will have to open up a trade receivables/trade payable acc, because its on credit right?
and if you purchase/sell something on cash or cheque, than you just double entry normally
so let say: bought office furniture for cash
you would just credit the cash account, and debit office furniture account..

i dont know , but all this question which involves credit purchase/sold, i get wrong, i think my understandings is abit off...can someone pls help me out here.
And another type is on sales return and purchase return.
let say: return to peter some of the goods just bought

so in this case, which account would debit, and credit?

and one last thing, is discount receive and discount allowed..
im confused with this actually.. can you guys please explain to me
i just need one clear explanation on all this, and i should be okay..

i just started CAT or.. foundation in accountancy (because it just changed )

please help me out guys.. id really appreatiate it
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1) The answer is correct, because trade payable is only used when purchases is done on credit. Purchases meaning you will resell these items for revenue.
The question is on the assumption that the business does not sell motor vehicle as part of their business. It is merely a capital expenditure. Motor vehicle is thus an asset.

Your answer is correct only if the business sells motor vehicle.

2) I think you get the "purchase with credit" all wrong. Trade payable and receivable is used only for business activities, ie. purchases and revenue.
Other purchases done by credit will be allocated to their respective accounts (Peter, John, etc.)

Brings back the time when I taught my friend the art of "double entry". Why don't you PM me your email address and maybe we can chat on MSN to help you with your studies if I'm free.
YH90
post Mar 4 2011, 10:24 PM

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QUOTE(TendouSouji @ Mar 4 2011, 09:00 PM)
Plannin to start CAT next month at Kasturi, is it a good choice? Are the lecturers there good? Hopefully I don't make a wrong choice. Please help guys.
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In CAT, it doesn't really matter where you take it, its relatively easy, with the exception of audit I guess.

ACCA is where the lecturers matters the most.

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