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 ACCA V7, Global Body for Professional Accountants

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nothingz
post Dec 7 2011, 04:42 PM

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QUOTE(tzxsean @ Dec 7 2011, 03:50 PM)
but i scare like hell la...
lol...dun feel like revise the non-calculation part already

but im not steady in calculations


Added on December 7, 2011, 3:56 pmbtw...
the annual equivalent CF right ... the cost of investment is different each year by using NBV of project? or just the initial cost?

for the top part
*
i don't get you....

the cost of investment used to calculate ROI/RI is usually the net assets at beginning of the year, unless they give you comparative figure, ask you get the average lor
tzxsean
post Dec 7 2011, 06:16 PM

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QUOTE(nothingz @ Dec 7 2011, 04:42 PM)
i don't get you....

the cost of investment used to calculate ROI/RI is usually the net assets at beginning of the year, unless they give you comparative figure, ask you get the average lor
*
no la... im talking bout Annuity Depreciation la

the ( annual equivalent CF - imputed interest ) formula

im saying the annual equivalent CF stays the same every year

while imputed interest is different

Tuan Muda
post Dec 7 2011, 06:34 PM

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weyyyyy tomorrow P5 laaaaaa!!!!! scared la~~~~~
some more Alexx Watt's style seems like focusing on writing instead of computation
tzxsean
post Dec 7 2011, 06:38 PM

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QUOTE(Tuan Muda @ Dec 7 2011, 06:34 PM)
weyyyyy tomorrow P5 laaaaaa!!!!! scared la~~~~~
some more Alexx Watt's style seems like focusing on writing instead of computation
*
i prefer writing > computation la

the calculation will take alot of time but the marks rewarded are not that great

if u perform cost-benefit analysis

it's better to concentrate on theory


p/s: my friend told me someone told him it is possible to pass P5 without touching calculator notworthy.gif
Tuan Muda
post Dec 7 2011, 06:44 PM

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yes u are right.. calculation is really kill our time like my P4 yesterday.
and what ur fren said is very true =)
alexx Watt just set the question contain < 20 marks of calculation. Others for interpretation and theory..
where is ur exam hall my fren?
tzxsean
post Dec 7 2011, 06:45 PM

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QUOTE(Tuan Muda @ Dec 7 2011, 06:44 PM)
yes u are right.. calculation is really kill our time like my P4 yesterday.
and what ur fren said is very true =)
alexx Watt just set the question contain < 20 marks of calculation. Others for interpretation and theory..
where is ur exam hall my fren?
*
less than 20% ah?

my lecturer said less than 30%

TARC Penang
nothingz
post Dec 7 2011, 06:50 PM

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QUOTE(tzxsean @ Dec 7 2011, 06:16 PM)
no la... im talking bout Annuity Depreciation la

the ( annual equivalent CF - imputed interest ) formula

im saying the annual equivalent CF stays the same every year

while imputed interest is different
*
because the NBV of investment is going down every year due to depreciation while the CF remains, therefore will show increase ROI or RI whereas the CF/profit did not actually increase, only the investment value was reduced
Tuan Muda
post Dec 7 2011, 07:03 PM

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eh sory typing error. < 30 %
nick67
post Dec 7 2011, 07:21 PM

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Aih my f7 today...my time management fail sad.gif

It sucks man because I actually could do the paper..
tzxsean
post Dec 7 2011, 07:31 PM

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QUOTE(nick67 @ Dec 7 2011, 07:21 PM)
Aih my f7 today...my time management fail sad.gif

It sucks man because I actually could do the paper..
*
thats y u have to follow strictly on time allocation to each question

the most u can allow is spend more than 5-10 minutes if not sure disaster liao

like my p7

btw wad did it ask?
Tuan Muda
post Dec 7 2011, 07:44 PM

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i heard IAS 23 and IAS 40 came out for Question 4
and IFRS 9 for Q5. is it true??
caillech
post Dec 7 2011, 07:48 PM

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GG man..

2 SOFP & 1 CASH FLOW all cannot balance ( few thousand differences)

Q4 & 5 dont even know how to start doh.gif (except Q4 a)
Lemmings
post Dec 7 2011, 07:51 PM

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QUOTE(caillech @ Dec 7 2011, 07:48 PM)
GG man..

2 SOFP & 1 CASH FLOW all cannot balance ( few thousand differences)

Q4 & 5 dont even know how to start  doh.gif  (except Q4 a)
*
it's alright. i had 1 income statement 1 sofp and 1 cash flow question last sem. totally didnt balance the 2. and i got a mid 60 smile.gif
caillech
post Dec 7 2011, 07:55 PM

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QUOTE(Lemmings @ Dec 7 2011, 07:51 PM)
it's alright. i had 1 income statement 1 sofp and 1 cash flow question last sem. totally didnt balance the 2. and i got a mid 60  smile.gif
*
i confirm 25 marks gone liao la cry.gif

margin of safety left 25 marks rolleyes.gif
tzxsean
post Dec 7 2011, 08:00 PM

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lets relax!!

月亮代表我的心-考试深情版

» Click to show Spoiler - click again to hide... «



Added on December 7, 2011, 8:02 pmi nvr balance any financial statements in F7 and P2 (balanced but im sure wrong bcos i left out few adjustments) during exam

but still able to pass

dun worry too much about balancing

This post has been edited by tzxsean: Dec 7 2011, 08:02 PM
nothingz
post Dec 7 2011, 08:02 PM

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QUOTE(caillech @ Dec 7 2011, 07:48 PM)
GG man..

2 SOFP & 1 CASH FLOW all cannot balance ( few thousand differences)

Q4 & 5 dont even know how to start  doh.gif  (except Q4 a)
*
nobody expects you to balance it within such a short time, as long as you have the calculations correct, you will pass.

somemore the presentation of the SOFP or SOCI may only give you extra 2 marks. 1 thing to note is that, if you don't present it, you may not be able to analyse it


Added on December 7, 2011, 8:04 pm
QUOTE(tzxsean @ Dec 7 2011, 08:00 PM)
lets relax!!

月亮代表我的心-考试深情版

» Click to show Spoiler - click again to hide... «



Added on December 7, 2011, 8:02 pmi nvr balance any financial statements in F7 and P2 (balanced but im sure wrong bcos i left out few adjustments) during exam

but still able to pass

dun worry too much about balancing
*
i look at the last sitting P5 question really want to faint jor, if Q1 cannot score, those back ones sure die

This post has been edited by nothingz: Dec 7 2011, 08:04 PM
caillech
post Dec 7 2011, 08:06 PM

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QUOTE
lets relax!!

月亮代表我的心-考试深情版
» Click to show Spoiler - click again to hide... «
LMAO ur talent is awesome, more pls notworthy.gif

This post has been edited by caillech: Dec 7 2011, 08:08 PM
tzxsean
post Dec 7 2011, 08:08 PM

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[quote=caillech,Dec 7 2011, 08:06 PM]
[quote=tzxsean,Dec 7 2011, 08:00 PM]
lets relax!!

月亮代表我的心-考试深情版
» Click to show Spoiler - click again to hide... «


LMAO ur talent is awesome, more pls notworthy.gif
*

[/quote]

few pages back got 那些年 edited by me
go find

if read already wait next sunday
before p3 laugh.gif
nick67
post Dec 7 2011, 08:14 PM

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QUOTE(tzxsean @ Dec 7 2011, 07:31 PM)
thats y u have to follow strictly on time allocation to each question

the most u can allow is spend more than 5-10 minutes if not sure disaster liao

like my p7

btw wad did it ask?
*
Q1 SOFP - This was easy
Q2 SOCI & SOFP - Spend too much time here cry.gif
Q3 SCF + comment on certain item (6m)
Q4 IAS 37 and some small scenario
Q5 Interest rates (why diff between convertible and non-convertible) + Treatment in SOCI & SOFP (Extract)

QUOTE(caillech @ Dec 7 2011, 07:48 PM)
GG man..

2 SOFP & 1 CASH FLOW all cannot balance ( few thousand differences)

Q4 & 5 dont even know how to start  doh.gif  (except Q4 a)
*
i didn't finish sad.gif My Q3,4,5 was badly done due to time constraint doh.gif


QUOTE(caillech @ Dec 7 2011, 07:55 PM)
i confirm 25 marks gone liao la  cry.gif

margin of safety left 25 marks  rolleyes.gif
*
My Q1 and 2 was done pretty ok..Just need a couple of marks from Q3,4,5 which I screwed up cry.gif


Added on December 7, 2011, 8:15 pm
QUOTE(tzxsean @ Dec 7 2011, 08:08 PM)
few pages back got 那些年 edited by me
go find

if read already wait next sunday
before p3  laugh.gif
*
What's those chinese words? I don't understand. Seems like I'm missing out smth fun haha

This post has been edited by nick67: Dec 7 2011, 08:15 PM
bestyinn
post Dec 7 2011, 08:16 PM

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Anyone taking P6 here?/
if yes, do you noticed the article published by P6 examiner-Ms Yong Siew Chuen, she claimed that " the provision of qualifying activities shall be treated as a separate distinct business of the company" meaning that the total sales revenue (ie direct export sales, drop shipment export sales and local sales) should separate from other business source is it? and for the example explained by Ms Yong that is calculation error when we reach total income in fact, the amount should be stated at RM 13.48 million isn't?

another question is that, regarding tax administration in RPGT for the buyer side we are require "to withhold a sum to the lower of......" actually i m confusing in what circumstances do we need to withhold the sum and how to calculate the amount(ie means the 2% of the total consideration and the whole cash consideration received where do get the figures from).


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