Let's all now get into hibernating mode ...till Monday

different from what i know..
from an auditor's perspective, if no bank statement is provided, it will be treated as amount due from directors because some people create dormant companies and issue a huge sum of share capital.. after banking in the money, they will photostat the amount in the bank book and withdraw the money.. photostatted bank book cannot be used as evidence, only genuine bank statement is reliable..
I'm a bit confused bout this part too

This post has been edited by Xeniouz: Feb 11 2012, 04:42 PM

hence i said technically I'm right for education purpose

in real life practise...it's much more complicated than wad we learn.

but to the extend of details given by the guy who asked this question

I can only say it's share capital rather than amount owing to director

should we look things from accountant's angle or auditor?

but then if it's real life scenario, we wouldn't really be fit to answer for him

since this is just a educational section for students

This post has been edited by tzxsean: Feb 11 2012, 05:40 PM

so wat is the exact time the result release?

some say 12pm, some say 1pm...

but last time got mine after 12pm..

This post has been edited by caillech: Feb 11 2012, 06:03 PM

1 hour difference only...aiya... no need make a fuss for it

get early - good result - happiness lasts longer
- bad result - disappointment ends earlier

get late - good result - happiness doubled as anxiousness cleared
- bad result - double disappointment

HI GUYS...I need serious advice. I'm planning on sitting for the F7, F8 & F9 papers this June 2012...which is the best way to study ...time factor so I'm unble to attend classes.

Thanks!

This post has been edited by Chanita: Feb 11 2012, 07:31 PM

i seriously advise u to drop one paper for this coming exam

f7 f8 have alot to study if you're 1st timer

LOL

if say, u have no other choice but to take 3, go n check time table.. min 3-2 days gap not so bad..

I'd say 2 months before finals you have to put your heart into it.. do lots of questions especially past years because similar questions tend to roll again and again. and believe me, they really do. well, doesn't mean you can ignore your textbook.. still read laa..

I did past years for each of those papers for 3-5 rounds.. until everything get 'stuck' in my head.. get the pattern set..

F7: do lots of practice for consolidated accounts, cash flow, and those SOFP + SOCI.. these almost ALWAYS appear.. the 2 other questions must be touching on IASs. so read up on that. I remembered that i did a question on contract cost and the exact same pattern came out, so i find myself not needing to think hard on that and just put the numbers on place. exercises help.

F8: almost always, they will ask on assertions, so know your assertions for completeness, existence, valuation, cut off, etc and your substantive tests, recalculation, analytical procedures, vouching, tracing, inquiry, observation etc
and then got internal controls where u gotta comment and recommend improvement. and theres also question on ethics (audit threats)... u gotta cover the accounting cycles wages, nca, payables, receivables etc

F9: famous questions is on investment appraisal, so do the NPV table kinda questions lots of times. u usually need to carry out WACC calculations to calculate cost of capital, so master those kinda questions. foreign exchange also quite famous, so master those terms spot rate, average rate etc. dont forget how to account for inflation as well.

you must make time at least the last month before finals, and just continue on doing questions everyday. i'd recommend 3 days shift between the papers and not studying like a week for one paper, and then continue for another week for a diff. if like that, you'll find out at the end of the study period, u already forgot the earlier ones u studied.

hope it helps!

This post has been edited by noonies_naruto: Feb 12 2012, 12:09 AM

Hie all. Would like to ask for opinion on P4.
Currently I am choosing my last paper , which is between P4 and P5 but i find P4 more challenging so I would like to try though many warned me,
I would like to ask which lecturers r good in P4, would like to attend part time classes,, preferable smaller classes where lecturer can concentrate more on students. TKS!!

waaa... never found someone so brave like you..

but i must say, P4 does have its advantages.. I'd say they shine a lot in banks particularly investment.

goodluck..

just so you know, P5 usually have highest passing rate among the Ps.. at least some time last year, it happened

ok i check liao..

msia time= gmt +8 hours

so the result shud be available after 1pm..

good luck folks

I wonder if I can sleep tonight

good luck guys. I think I'll check on tuesday. Today also got fever already.

i got class sumore, dunno how to concentrate

aiyaa.. regret looking at this thread... sudah kenaaa..

feel like

This post has been edited by noonies_naruto: Feb 12 2012, 09:21 PM

Good Luck everyone!

veli sien... kenot sleep... what time sms result send anyone know??

Good luck everyone!

oh no ...insomnia