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 ACCA V7, Global Body for Professional Accountants

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nothingz
post Feb 14 2012, 02:42 PM

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QUOTE(Neptern @ Feb 14 2012, 02:41 PM)
Read carefully he passed.
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oh ya, did not realise. it can be a good guidance for others as well


Added on February 14, 2012, 2:45 pm
QUOTE(Neptern @ Feb 14 2012, 02:41 PM)
Read carefully he passed.

Now need to start goreng p4 and p7.All sounds so freaking hard  sad.gif
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P7 is quite easy, imagine someone who does not know/quote ISA in exam also can pass. the key term is time management. my time management was not that good when i chose Q3 instead of Q4 in Dec 11 sitting. I had to read 3 parts of scenarios (time wasting) instead of Q4 just 1 scenario.

This post has been edited by nothingz: Feb 14 2012, 02:45 PM
nothingz
post Feb 14 2012, 02:59 PM

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QUOTE(Neptern @ Feb 14 2012, 02:48 PM)
Will try to keep that in mind.The quite easy statement will irk people that failed.Better dont use tongue.gif
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compare P7 with P5, P7 is more direct, easier to answer compare with P5 which is more theoretical now
nothingz
post Feb 15 2012, 10:48 AM

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QUOTE(colleenlee @ Feb 14 2012, 11:58 PM)
I pass p2 and p6, fail p3.

I think some ask about p6 stuff.
I solely rely on my lecturer's notes. I didnt use Choong Kwai Fatt's textbook. My lecturer told me that there is no suitable textbook for p6.
Plus, p6 subject is always subject to changes. I'm afraid my notes is not up-to-date. I still intend to keep it.
Btw, i only manage to pass p6 on the second attempt...with 62 marks.

How to study p3?
Last time, i actually gave up on p3 over a month before exam.

And what other optional paper should i take apart from p6?
how's p5? is it more or less like p3?

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there is no 'one way' to study P3 that can guarantee you a Pass. the important thing bout studying P3 is you must understand how business works, you then need to apply those models you have studied into the case studies such as 5 Forces, Value Chain Analysis etc. if you don't really know how it works, then you have to start bullshitting as if you know, try to get some marks there. After i took my P3 paper, i was not confident that i can pass because my sitting did not ask bout Value Chain/5 Forces, SWOT etc, almost all were scenarios where i have to start writing stories. As long as you write something which is relevant then should have some marks.

the new p5 examiner is very theoretical, now there is more theories in the paper compare with last time. It's more bout evaluation and application of models (quite similar to P3), P5 is like the upgraded version of P3. The last sitting i took P5, i actually did not know how to answer on the application of Performance Pyramid into the scenario & how to set KPI but i did not care much, i just keep on writing.

i also expected myself to fail after taking p3 and p5 but surprisingly i passed both with 60 and 66. As long as you are good in theory and writing, both should be ok
nothingz
post Feb 16 2012, 12:34 PM

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does anyone has the latest F6 MYS text book for sale or photocopy?

This post has been edited by nothingz: Feb 16 2012, 12:39 PM
nothingz
post Feb 16 2012, 10:13 PM

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may i know this coming semester's F6 & P6 are examining on 2011 or 2012 budget?
nothingz
post Feb 17 2012, 09:21 AM

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hahaha, i passed the 2 subjects with the lowest pass rates! rclxm9.gif
nothingz
post Feb 17 2012, 06:49 PM

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QUOTE(Neptern @ Feb 17 2012, 04:05 PM)
The passing rates for the optional papers sure look very depressing.I'm surprised people say the 'easier' paper p5 only 29% passing rate.
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hahaha, are you referring to me?

as txsean said, the questions for P5 were quite predictable since there are not much models to test you. the issue is how you tackle the question, if you prefer calculation rather than theory then of course not likely that you can do so in final papers
nothingz
post Feb 18 2012, 02:42 AM

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QUOTE(noonies_naruto @ Feb 17 2012, 11:27 PM)
aiyoo whyy? I could never do that.. P6 is crazyy.. way too many things to brain than P7  rclxub.gif
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QUOTE(tzxsean @ Feb 17 2012, 11:50 PM)
p5 p7 are easy to study

but when comes to exam

u think u will what they want...u noe what u write

but turns out u duno what they really want
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are you sure you want to start all over again? P6 is not simple because you need to memorise hell a lot of incentives and theories. I personally work in a tax firm also don't have much knowledge on certain tax incentives

QUOTE(M90 @ Feb 18 2012, 12:21 AM)
Thank you for all the replies. I will definitely work harder this time! So, now i left 4 P papers, which are P1, P2, P5 and P6. I took 3 papers last sitting but i only passed 1 sad.gif How many papers should i take in June? Any advice?
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don't so greedy. take 2 is enough
nothingz
post Feb 21 2012, 09:19 AM

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QUOTE(broken hearted @ Feb 21 2012, 12:42 AM)
oo..but if i just apply for p7 exam without taking p2 papers isit ok?
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you must take both or only P2. you have to finish the core papers then only can take the optional papers or you have to take at the same time
nothingz
post Feb 21 2012, 12:16 PM

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QUOTE(paarmaseelan @ Feb 21 2012, 11:37 AM)
p7 knowledge abt advert? i heard u fail p7. siva teach p7 too. u should try. he can make you pass.

for p5, should try thenesh. although he is young, he is very capable.
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you describe Mr. Siva like a godlike lecturer, if every failed student goes to him also can pass then whole street is full of ACCA Affiliates.

don't keep on hard selling certain lecturers, we can read different feedback from other members here, your comment/advertisement alone can't make much difference


Added on February 21, 2012, 12:19 pm
QUOTE(tzxsean @ Feb 21 2012, 11:32 AM)
rolleyes.gif
i wonder if I can apply P7's knowledge about advertisement here!
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'do not claim superiority'
'do not make exaggerated claims'

This post has been edited by nothingz: Feb 21 2012, 12:19 PM
nothingz
post Feb 21 2012, 05:14 PM

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QUOTE(Mickey Zeng @ Feb 21 2012, 05:06 PM)
PLS do not promote lecturer without evidence like what Tzesean said . I just came in to share that opentution provides free lectures online and guess what its FREE . Why bother paying to repeat . Study at your home. I failed a couple of papers the last round and find this would help me pass . IMO theory papers all no need go for class . OPENTUTION materials is good enough .


Added on February 21, 2012, 5:11 pm
nice to have you back after missing a long time Muppet . There goes the quality of english at this forum . doh.gif
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did you bother to go read the notes published at opentuition? are those notes being updated to reflect the changes in syllabus?
nothingz
post Feb 21 2012, 08:18 PM

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QUOTE(tzxsean @ Feb 21 2012, 05:50 PM)
fuh ...now i kena drag down oso liao...

muddy
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let him be, he enjoys talking to himself
nothingz
post Feb 25 2012, 12:21 PM

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QUOTE(starz92 @ Feb 25 2012, 01:16 AM)
guys, mind share some tips on passing f8? i know pure memorising won't work for this paper right?
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you must understand the question, able to analyse and knowing what kind of answer is expected. your answer cannot be too vague/general.

able to memorise is an advantage provided what you memorised are relevant to the answer required


Added on February 25, 2012, 12:24 pm
QUOTE(caillech @ Feb 25 2012, 12:30 AM)
» Click to show Spoiler - click again to hide... «


who going?  tongue.gif
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considering it laugh.gif

This post has been edited by nothingz: Feb 25 2012, 12:24 PM
nothingz
post Feb 25 2012, 02:30 PM

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QUOTE(starz92 @ Feb 25 2012, 01:40 PM)
hmm..and to do that, what else can i do other than for doing past year?
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all these while i only read notes, practise on revision kit & past year questions. if you have sufficient understanding on the syllabus and doing the 3 steps, you shouldn't be failing.


This post has been edited by nothingz: Feb 25 2012, 02:33 PM
nothingz
post Feb 26 2012, 07:43 PM

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QUOTE(caillech @ Feb 26 2012, 03:54 PM)
so far my studies...

P1  hmm.gif

P2  wacko.gif

P3  ph34r.gif

P1+P2+P3=  cry.gif
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take p1 and p3 together, reserve P2 and P7 for next sem. that will be easier
nothingz
post Feb 26 2012, 09:56 PM

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QUOTE(imbenji @ Feb 26 2012, 09:35 PM)
Hey guys

Do you think it's okay to do P papers part time while working at Big4?

Can you all tell me the benefits of working early cuz i see many people are doing part time for P papers.
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because most of the colleges conduct part time classes for P level instead of full time. some will prefer to take up some practical to knowledge to apply in the P level papers such as P3, P6 and P7. you can gain membership faster if you can work + pass exam at the same time
nothingz
post Feb 26 2012, 11:00 PM

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QUOTE(noonies_naruto @ Feb 26 2012, 10:48 PM)
just to add.. because in p2 u study about IAS and IFRS which u will definitely have to quote back in P7.

So its a win win.. if pass both la.. hehe..
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yes, just like the IAS 38 which came out in last sitting's Q5, if you don't know IAS 38 then a lot of marks gone
nothingz
post Feb 28 2012, 09:51 AM

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QUOTE(jse @ Feb 27 2012, 08:17 PM)
Basically, it's so much different compared to f6 and p6. f6 syllabus like individual tax computations and several employee incomes benefits and business incomes, etc. are not highly examined in p6. p6 is a whole lot different and approximately half of the syallbus in f6 can be ignored. And a whole bunch of new chapters will be added in the p6 syllabus.
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QUOTE(tzxsean @ Feb 27 2012, 09:53 PM)
well...cos I'm taking p6 without f6 knowledge

im now try to catch up on f6 by self study while attending p6 class

so i need to noe where I need to read more

cos I felt awkward in class when lecturer is teaching but I duno a single thingĀ  doh.gif

eg. IBA, CA, RPGT and even computation on statutory income --> tax liability
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certain additional stuff in P6 that i noticed were Investment Holding Company computation, mining & petroleum tax, real property company (RPC), different types of tax incentive (pioneer status, investment tax allowance, export allowance etc). all these did not appear in F6

This post has been edited by nothingz: Feb 28 2012, 09:52 AM
nothingz
post Feb 28 2012, 01:02 PM

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QUOTE(tzxsean @ Feb 28 2012, 12:08 PM)
tafe advanced diploma in accounting from Inti Penang
thanks..but my real concern is that which topics in F6 I must study to cope with P6 syllabus  smile.gif
lol... i no care bout the "middle achievement" like OBU and this now

since right now i'm only 1 paper away for affiliate

i wont waste money
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you actually need to have all the basics in F6 to go for P6 since it is an upgraded version. who knows they may ask you bout residence-ship before proceeding to the tax computation, if you skipped Section 7 (1) Residence-ship, you may have lost quite a lot of marks on that question.

just like i just read the Dec 11 P5 answers, there was actually some variance analysis (F5) at Q4
nothingz
post Feb 28 2012, 08:33 PM

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QUOTE(jse @ Feb 28 2012, 08:18 PM)
Dividend income deemed total income, int. income exempt, etc. are the examples of core topics in every tax papers that you faced in ACCA exams. You must know all of their basic key principles, since they are blended with other new bunch of topics in p6.

The examples mentioned, already covered in f6.
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in other words, must know everything from F6 and bring forward to P6. at P6 level, you are a tax consultant, you have to know Malaysia Taxation from top to toe.

At ACCA P6 paper, you are mainly examined on Income Tax Act 1967. my friend who studied CTIM, they even have exam on income tax case law

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