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 ACCA V7, Global Body for Professional Accountants

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tzxsean
post Nov 28 2011, 07:53 PM

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i sensed air of overconfidence in bullshitting for p3 in me =p
tzxsean
post Nov 30 2011, 04:04 PM

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QUOTE(notmycupoftea @ Nov 30 2011, 10:12 AM)
now students here shared about p4 and p6
how about p5 and p7? laugh.gif
*
i will tell u after the exam! laugh.gif
tzxsean
post Nov 30 2011, 08:05 PM

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QUOTE(ken2291 @ Nov 30 2011, 04:42 PM)
U took F9 last sitting? The ques are like  icon_question.gif  right?  brows.gif
They say P4 and P6 are difficult (what I hear from my seniors).  P5 and P7 are the easier ones
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i took f9 last sitting
long questions... marks hard to gain
but not really difficult
normal standard

QUOTE(nothingz @ Nov 30 2011, 07:07 PM)
you are so smart!!!!!!!!!!!!!!!!!!
i made the correct choice then, p5 and p7  rclxms.gif


Added on November 30, 2011, 7:11 pm
you know how to calculate NPV, CAPM should be able to secure half of the marks to pass.  Others have to depend on your luck and knowledge. The syllabus is quite wide, those areas which i found difficult are business valuation, financial derivatives especially hedging
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i think u need theories to help u pass
f9 is like 40% calc 60% theories
tzxsean
post Nov 30 2011, 11:20 PM

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QUOTE(notmycupoftea @ Nov 30 2011, 10:32 PM)
like what Collenlee said, the another article is about Anti-avoidance, the article came out on 1 Nov 2011 written by examiner.
but i see quite many students failing P7 also, and after P5 examiner has been changed few sittings ago, i heard a lot of complaints regarding the exam becomes tougher.
ok, remember to share!  thumbup.gif
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im sure this sitting Alex Watt and Lisa Weaver will set it easier because I'm taking both of them laugh.gif
tzxsean
post Dec 1 2011, 11:22 AM

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QUOTE(Kh90 @ Dec 1 2011, 12:25 AM)
I took last sem p5 and p7 as well, failed both at marginal mark..  Haih.. And hopefully this sem easier as u said..

Good luck!!
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im taking p3 p5 p7 rclxub.gif

QUOTE(notmycupoftea @ Dec 1 2011, 09:57 AM)
ya agree. when it comes to ACCA level, self discipline is very important.
those colleges in KL, the lecturers there won't force or nag u to do homework, u r the one to decide whether u want to suffer now (do all the PYQs or homework) in order to benefit in the exam or vice versa.
wah? you're the vvip of ACCA?  laugh.gif
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laugh.gif i think so
from f5 until p2 ...i think the questions are relatively normal (on easier sides) brows.gif

QUOTE(nick67 @ Dec 1 2011, 10:56 AM)
Kasturi is pretty cheap. or can try elitejaya also. both much cheaper than sunway! sunway uni now increase the resource fee from 300 to 400 sad.gif..And the tuition fees all also increased already..
BTW, seniors...is it possible to pass f7 based on calculations alone? I hear so many seniors who passed saying just focus on q1,2 and 3 is enough to pass.. rclxub.gif
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it is enough to pass f7 based on 1st 3 questions ... only if you're really good with it
but the theory is there to help u pass
in case the calculation part troubled u
tzxsean
post Dec 1 2011, 04:11 PM

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QUOTE(colleenlee @ Dec 1 2011, 04:09 PM)
p2 relatively normal(on easier sides)?
too much to study
retake the subject...sighh!~~
rclxub.gif
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i mean on my sittings

the conso part
not difficult
maybe theories part abit hard

as for the section B
i think quite ok oso la for last sitting
IFRS 9 came out as predicted

tzxsean
post Dec 1 2011, 05:59 PM

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i would say the key to pass p2 is on section B and section A's theory

no matter how perfect u can do ur financial statements

u cant pass without doing good in section B

candidates usually wasted too much time on f/s and neglected other marks

im now in last 3 papers..n i hate calculations more now ...

low marks but alot of steps to calculate...


Added on December 1, 2011, 6:01 pm
QUOTE(colleenlee @ Dec 1 2011, 04:35 PM)
yeah, i agree. last sitting was predictable. i was unable to complete some questions in Section B    doh.gif

i dun think it would be a combo unless lesser adjustments. i think as an examiner, they would test us on standards, rather than technique of conso.  rclxub.gif

just study our best.  sweat.gif
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maybe it's time to group structure conso with increase/decrease in shareholdins brows.gif

they will test ur standards 99 in section b along with scenarios laugh.gif

This post has been edited by tzxsean: Dec 1 2011, 06:01 PM
tzxsean
post Dec 1 2011, 09:05 PM

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QUOTE(shiloong7081 @ Dec 1 2011, 07:43 PM)
Relax guys, p1-p3 passing rates are 50%. not hard at all.
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well... p5 p7 passing rate is around 30% (global)
for sure msia passing rate is well below that
tzxsean
post Dec 2 2011, 09:26 PM

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relax abit...dun so stress... less than 3 days to my 1st encounter of p7
tzxsean
post Dec 3 2011, 07:35 PM

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btw...is there anyone here did pay late for subscription fee lets say by months?

is there any consequences?
tzxsean
post Dec 3 2011, 08:00 PM

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QUOTE(nothingz @ Dec 3 2011, 07:46 PM)
i pay together with my exam fees in March/April, no issue at all
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really? i scared later they cancel my membership n etc sad.gif
tzxsean
post Dec 3 2011, 08:13 PM

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QUOTE(nothingz @ Dec 3 2011, 08:09 PM)
been doing that for the past few years, never got suspended
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blink.gif not even a warning ah?

how bout others?
tzxsean
post Dec 3 2011, 08:20 PM

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QUOTE(nothingz @ Dec 3 2011, 08:17 PM)
as long as i pay, they won't touch me. if they suspend, they will forgo their income. somemore their student base is so huge, they where got time to suspend you then re-activate your account?
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laugh.gif
quite true oso
not sure if wanna take the risk
financial very tight now ...
c me wan owe Digi or owe ACCA now rclxub.gif
tzxsean
post Dec 4 2011, 03:34 AM

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audit risk = inherent risk x control risk x detection risk

inherent risk x control risk = business risk

business risk causes possibility of misstatement in financial statement

and at overall level... audit risk is the risk that auditor express wrong opinion

p/s: if it's wrong pls correct me ty wink.gif

This post has been edited by tzxsean: Dec 4 2011, 03:37 AM
tzxsean
post Dec 4 2011, 11:18 AM

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QUOTE(Kh90 @ Dec 4 2011, 06:41 AM)
Correct you something.

Business risk is cause the impact to the business not to be going concern, example fall in revenue, liquidity problem.

The misstatement in financial statement is financial statement risk.

Don't confuse it cuz I failed last sem cuz of this! For Financial statement risk question, everything must relate back to financial statement whether understated , overstated or misstated. For going concern issue in fs risk, is discuss the preparation of fs may fail going concern assumption as ias 1..

You will find the difference of the going concern issue answer for business risk and financial statement risk.

Audit risk is the risk that auditor may issue an invalid audit report.. Is invalid, not qualified only..
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alright ty ... icon_rolleyes.gif
tzxsean
post Dec 4 2011, 04:33 PM

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upon analysis of past year questions of P7, I've come to a conclusion that the examiner, Lisa Weaver, tried to advice ppl for not joining audit by using example of 'the audit manager has been taken ill ' for few times already in recent years. LOL
tzxsean
post Dec 4 2011, 06:08 PM

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QUOTE(nothingz @ Dec 4 2011, 05:58 PM)
ya, i have noticed that too. BTW, make sure you read the latest article in Oct by Lisa Weaver, that may be the tips to pass  biggrin.gif

i think the important tips is the flow of procedures at the completion stage
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thanks..i will go dl again!
tzxsean
post Dec 4 2011, 08:24 PM

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ntg 2 do
did smtg silly lol


[那些年- 考试不会版] by me LOL

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This post has been edited by tzxsean: Dec 4 2011, 08:33 PM
tzxsean
post Dec 5 2011, 10:45 AM

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ahhhhh......can delay the day for 1 more day??!!!
tzxsean
post Dec 5 2011, 07:53 PM

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this p7 paper

really alot of things to write

damn i left 6 marks completely blank for question 5

and question 1 some part not completely attempted

sure not enough points

doh.gif


Added on December 5, 2011, 7:58 pm
QUOTE(nick67 @ Dec 5 2011, 02:32 PM)
What do you mean by stuck?

I don't have degree qualification as I took CAT..Now I'm 21 but still doing f7-f9..Many of my friends had graduated last sem. I'm really scared of getting stuck in this course  sweat.gif
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doh.gif
omg la

21y.o doing f7-f9 is consider fast liao ok?

me now 22 doing p3-p7

This post has been edited by tzxsean: Dec 5 2011, 07:58 PM

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