i think p5 and p7 is still okay.. when ur cv have p7, at least the employer knows that u have some knowledge in auditing.. audit is always a well sought after skill.. for p5 i'm not sure what value it will add to your cv..

unlike p5 and p6 which is a very odd combination.. p6 subject to changes in taxation laws making it quite irrelevant if u do not keep up to date as often as possible..

but in the end, working experience counts the most.. after coming out for work, the skills that you have developed will be the most crucial factor for success..

This post has been edited by Xeniouz: Jul 23 2011, 01:56 AM

choose whichever paper u feel comfortable at

but u guys don't get me wrong.. i'm not condemning p6.. if you manage to keep abreast of taxation laws and regulations, u could be a tax expert like one of the famous ACCA lecturers, Choong Kwai Fatt.. i bet he made a lot of money already..

lol.. if ACCA certificate is even more inferior than a diploma/degree, then why those with diploma/degree have to get exemptions from ACCA instead of the other way round.. i have a diploma in accounting and i noticed that the syllabus covered are from F1 - F9 but slightly easier than ACCA.. degree is never the same as professional qualification..
actually most degree holders can only prove that they have money to get the certificate..

Despite some of the facts u said are true, like:

1. ACCA is an institute not a university; therefore they cannot confer degrees.

2. Most of those who have reputable degrees would op to take ICAEW. ICAEW have more MRA's compared to ACCA.

3. There are reputable business degrees which are superior compared to ACCA's certificate; some to the extent that it is immediately recognized by a local accounting institute (i.e. NUS and NTU business/accounting degrees recognized by the CPA SG).

but for business degrees, the accounting knowledge covered is very shallow.. how can it be compared to ACCA qualification in terms of accounting.. it would be different if u take an accounting degree (accounting degrees do have audit in their syllabus as well), but most of the degrees can be easily gained except for some of the reputable ones.. ACCA is a professional qualification that makes you an all rounder..

ACCA is also another route for further education.. there are actually some people who actually took ACCA and further their studies in CFE, CFA etc.

basic audit has already been covered in paper F8, thus, majoring in audit is an option.. the optional papers are purely options.. not necessarily that u must take P7.. i have even seen a person with CIMA opening up his own audit firm..

i've actually heard of CEOs and directors without any qualification.. it is just that u have not met any of them.. there was once an interview with a general manager of a 5 star hotel who does not possess any qualification that came out in star newspaper.. when u come out to work its not all about qualification bro.. u must have contact, the right communication skills, ability, and also luck.. there are also some people with excellent qualification but work like slaves.. i personally have a friend with spm qualification only but working as a manager already.. the reason is because he is very persuasive.. my bro also got a friend without any qualification but he managed to be the sole distributor of a "hot" product which i shall not name it for privacy purposes..

This post has been edited by Xeniouz: Jul 23 2011, 03:12 AM

imagine that you are a fresh diploma holder and another person with ACCA qualification (fresh).. when both of you go for interview for a job.. the ACCA holder request for a salary of RM2,800 and then u request for RM3,000.. bro, who do u think the employer will hire.. a much harder to pass qualification or a mere diploma holder.. if everyone here say that they will hire the diploma holder i've got nth to say.. if i'm the employer i will give u a c**k stare (jk but seriously i will if it does happen)..

IMO the ranking would be diploma<normal degrees<ACCA<reputable degrees
If diploma is really superior to ACCA, i wouldn't bother studying ACCA right now..

i've already mentioned that there are exceptions for reputable degree holders.. maybe u misunderstood what i said.. i said most degree holders but not those with reputable ones..

seriously, i can't even name one professional manager from a FTSE company that does not have a degree.. but obviously these companies will hire people with reputable degree holders (these are the exceptions i mentioned) and some with professional cert..

but look at the bigger picture bro, (no offense)out of 10 how many people here will reach to the such level.. life is harsh.. politics will be everywhere.. not everyone is as ambitious as u.. maybe u will get to such level but not everyone could do so..

i don't understand ur last line.. what "piece of paper" are u referring to?

no lol.. u sound like a troll to me instead.. check your quote properly..

Despite some of the facts u said are true, like:

1. ACCA is an institute not a university; therefore they cannot confer degrees.

2. Most of those who have reputable degrees would op to take ICAEW. ICAEW have more MRA's compared to ACCA.

3. There are reputable business degrees which are superior compared to ACCA's certificate; some to the extent that it is immediately recognized by a local accounting institute (i.e. NUS and NTU business/accounting degrees recognized by the CPA SG).


highlight for u some more..

moderator please warn this poster..

---

Added on July 23, 2011, 3:01 pmwhy don't u defend yourself.. asking people not to use vugarity when you yourself is using the STFU word.. complaining people telling you to read up UK law but you yourself ask me to find a professional manager without a degree in FTSE 500 companies.. u think i'm so free to search for it?

This post has been edited by Xeniouz: Jul 23 2011, 03:01 PM

what i heard from my previous lecturer is that ACCA has already started to insert some of the F level topics into P level papers.. he said that since there is an increasing number of universities that qualify for 9 papers exemption, ACCA is trying to insert the F level topics (which are not covered in these degree programmes) into P level papers.. like for last sitting for P3, there are a few number of topics already covered in F level being tested (eg. budgeting etc..).. better complete ACCA before the syllabus becomes thicker as time passes by..

it makes your cv looks nicer.. i know someone who took ACCA & CIMA at the same time.. it really needs a lot of commitment and intellectual ability to do so, which he has..

do we have to print the docket ourselves starting from this sitting onwards? i haven't receive anything from ACCA yet..

I would say Q3 is the easiest question (impairment + intangible assets)... the others all like @#$%^

Q3 is just about identifying the faulty treatments by the directors of Scramble.. I do agree it requires a bit of general knowledge (eg. games have indefinite useful life- i argue that games have definite useful life because it is subject to technological changes).. the rest can just whack in some facts from the standards.. hopefully can get 50 marks.. this paper looks simple but is really difficult..

"construct a case for etc' means support the case.. just write something in favour of the proposed solution/ recommendations

For P1 & P3 Parmindar is quite good.. if u practice all the questions he provided, shouldn't have any problem.. but don't do it last minute.. P3 examiner has IT based qualification and he will usually (not guaranteed) set exam questions with e-business.. this is evidenced from June 2011/ December 2011 sitting.. Parmindar has a computer science degree.. he is good with IT stuff..

anyone received ACCA's reminder letter for annual subscription fees? i haven't receive mine.. i don't feel like using credit card to pay.. it seems so insecure.. key in a few numbers then payment is done.. what happens if there is a virus in my computer and someone manage to get the credit card number? i still prefer the old-school way via bank draft..

already dec 19 and the letter is not here yet.. i guess i don't have a choice.. have to use credit card.. but what about the annual PER requirement form.. anyone got it yet? this round so weird.. usually i get the letters quite early but this time

not related to your question, but are u a full time student? taking all these 4 papers at one go is a suicide.. if u can handle the pressure then it is okay, but if u can't u might end up consulting a psychiatrist.. i'm not doubting your abilities but it is really a tough task doing 4 subjects in one sitting.. for me, i might end up in tanjung rambutan..

I have posted this website before.. notmycupoftea might want to add this in the 1st post.. It helps a lot in deciding which papers to choose..

CLICK HERE

As for P7, read this article regarding ACCA practicing certificate.. use the search function and look for the word P7.. try to google this ACCA practicing certificate for more information.. it is not complicated but quite hard to find the information relating to this issue.. if u want to practice as an auditor in UK read the statement below..

"An ACCA practising certificate and
audit qualification is issued only for the
UK, the Channel Islands and Isle of
Man, the Republic of Ireland, Cyprus
and Zimbabwe"

Source:

CLICK HERE

This post has been edited by Xeniouz: Dec 22 2011, 08:31 AM

i would advise him to take the papers which he is interested instead.. even though P5 might be easier than P4, but the latter is really useful when u come out to work later.. most people also not confident about passing ACCA exams la haha.. just do our best and don't give up until we pass

i second that.. especially for his own answers for past year papers which is different from the examiner's.. his answers are quite understandable unlike the examiner's..

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