you may apply for an accounts/audit assistant post if you have zero working experience depends on what kind of industry you are in. after working for an organisation for around 2 years, you may change job to get better a pay.

or else after finishing your CAT, you can go SG find job. start from around 1.5k then 2 years later can get 2k plus easily

any of you received the rm200 book voucher? if yes, which college?

oh nothingz 25 yrs old liao

So did u change after 2 years??

hahaha, soon

ya, near to 3 years, i changed job

What job have u applied to? Commercial co.?

can i ask sales experience as salesgirl can record per?? i sell komputer now...

rather small accounting firms since it gave me flexibility to go for exam

use common sense pls

ello...wan to ask smtg bout p6/f6

for lease rental (principal + interest)

it is taxed at receivable basis?

and for hire purchase (finance lease)

the interest is taxed when it is received?

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Added on March 14, 2012, 9:46 amfor interest income exempt for individual under Para 35 Sch 6/ Para 35A Sch 6

the individual means sole proprietor and single individual or does it include individual from partnership as well?

This post has been edited by tzxsean: Mar 14 2012, 09:46 AM

both principal and interest are deductible for lease rental, just that the principal portion is subjected to some restrictions. the exam question is most likely referring to a non-commercial motor vehicle (MV).

MV principal less than 100k will be fully deductible
MV principal in between 100-150k will be restricted to 100k maximum
MV principal more than 150k will be restricted to 50k maximum

deduction is on payment basis (cash basis) means you pay in this financial period then deduct in this financial period.

hire purchase and finance lease are different in actual fact but for your f6/p6 knowledge, you just need to know that the above 3 restrictions still apply for MV. the principal paid will be able to claim capital allowance (CA), interest is charged to P & L and deductible (no adjustment).

lease rental, hire purchase and finance lease are all cash outflow in return of use/ownership of assets, definitely not receivable

individual includes biz and non biz owners means sole proprietorships, partners of partnership, employment income earners and individual with other incomes

erm for the hire purchase & lease rental

i wan to ask bout the recognition of income...not deduction

from wad I found out in CKF p6 book... for lease rental , it is taxable on receipt basis and it will be include in gross income when it first because receivable

however ntg mention bout hire purchase

other income - rental income 4(d) will be taxed on receipt basis means cash basis

rental income 4(a) will be taxed on accrual basis same like any other business

i think it is unlikely that they will test you on hire purchase income recognition

This post has been edited by nothingz: Mar 14 2012, 11:00 AM

im actually referring to the Leasing Companies chapter

I tried the past years

and they will adjust the income from leasing to the amount receivable rather than received

as for Hire purchase/finance lease/ deemed sale transaction

they did not adjust it..so i guess it's on receipt basis ... but does that mean it is 4(d) income?

i thought it was separate business source

anyway ... do you know wad is section 11 income? cannot find it on CKF book

i saw it on past years long before 2007

This post has been edited by tzxsean: Mar 14 2012, 11:07 AM

seems to be far difficult that i thought, wait for other p6 sifus to help you

no other ppl can help me liao?

seriously not much peoples pick p6, in ipoh you can't find any college/lecturer teaching p6 & p7. even Sunway Ipoh makes you no choice but to go for p4 and p5

Grammer error, it should be 'many'. Anything that can be counted, we should use 'many' and those that can't be counted, then only use 'much'.

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Added on March 15, 2012, 7:22 amYou should seek help from your lecturer....make full use of what you have paid for and take the most opportunities from your tutor.


This post has been edited by White Knight: Mar 15 2012, 07:22 AM

my lecturer is on leave until next friday

she went to Australia, so that's why I have to seek for help here

to solve the questions and clear the doubt when doing PYQs

even I can send her email to drop the questions, but she said she will

only reply when she is back to Malaysia, which is not so soon. So I

decided to try my luck here.

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Added on March 15, 2012, 8:10 pmanyone noe where can I get dec 2011 P6 (mys) answers/

This post has been edited by tzxsean: Mar 15 2012, 08:10 PM

grammar error... not grammer error.... before you correct others... correct yourself first...