ACCA, now with V6 engine

I'm not sure whether I should laugh or cry at this.
Most M'sians I know take INT papers. Very few take MYS variants, and differences are minimal to say the least.

Easy papers? Seriously? You came to the wrong qualification lol.

Have you started working, particularly in Big 4, btw?

Let me correct you on that.

Waivers of tuition fees and exam fees are given by the college, as they can use you for their marketing. The most you will get from ACCA is a prize money somewhere between 50-100 pounds, and it's only given for world prizewinners.

For Malaysian prizewinners, sadly you don't get prizemoney from ACCA (not sure about the bronze/silver/gold medallists though).
However, most colleges I know will award you some form of waiver/scholarship/rebate. Sunway for instance gives a 50% waiver of tuition fes and exam fees for Malaysian prize.

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In order to be a world / malaysian prize, you need to score highest in the world for world prize, highest in malaysia for malaysian prize. Not necessarily a score of 100, since some papers only need about 85 to get highest in the world (which shud give u a good idea how hard the paper is )

Even then, F lvl papers still generally hover between 90-99 marks for world prize
P level tends to be in the areas of 85-99 (with some anomaly such as AFM where prizewinners are in 80s)

Good luck aspiring to be a prizewinner

It's okay
But since it's an education forum we should try to ensure the quality of our information

Dang, menon started using MPH instead already? WTH man.. hahahaha.. My time she was sitll using LT8 or Audi 7 only XD

Bloody sunway.

15 current issues lol! that's good!!!! hahahaha. P2 is so interesting lol

Internet, is your friend.

Why not? U need to look at the nature of their service. What they are advertising is the advertisement of company incorporation and selling of shelf cos. What's wrong with that -__-

It's not professional advice per se.

P4 is the most entertaining paper I've been through in ACCA. Actually needs me to think, compared to the other papers which seemed more of regurgitation. -___-

I like P4, and I identify myself with anyone who likes P4 and is able to amaze me with their understanding of the numbers and their different thought processes.

Tough if u don't know what you're doing =D
Fun if u do!


Tax, duh. In any accountancy course the most practical subject is always tax.

Technically speaking, any forex effects would have factored in at the point of acquistion in your fair value. So, I think even though if ur 'target' has forex reserves at the date when you acquire, your fair value assessment at the point in time is inclusive of everything, therefore subsequent to that, for your group consolidation purposes, there is no forex reserve at the date of acquisition. So, I think you can ignore your target's forex reserves.

What I mean, is the fair value adjustment at the point of acquistion would have reflected all the fair value adjustments (either arising from forex or other items) What I would personally do, is just reassess all assets and liabilities, and fair value & translate them at the date of acquisition, then from there just compare wif your COI la, and for your own group's purposes, any forex reserve would start from that day onwards.

This post has been edited by ThanatosSwiftfire: Jul 23 2010, 05:21 PM

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.

P4 is not hard. I scored highest for that paper out of all the professional papers i took.

Sunway lol.

activity in this subforum spikes during acca reuslts day +D

Hahahaha, F4-F8, world prize is at 95 range la... =P

Certainly depends on the kind of student you are

Below the big 4, there's the medium sized firms.
Below the medium sized firms, there's the small firms.
A newly set up accounting firm, where does it come in the picture? At the bottom of the pile, of course.

But he should try it out nontheless. Nothing like making it on your own (seriously!). Do the things many of us dare not do! =D