lol is free la i think...

automatically received..

you actually need to have all the basics in F6 to go for P6 since it is an upgraded version.  who knows they may ask you bout residence-ship before proceeding to the tax computation, if you skipped Section 7 (1) Residence-ship, you may have lost quite a lot of marks on that question.

just like i just read the Dec 11 P5 answers, there was actually some variance analysis (F5) at Q4

Yeah, it's really really hard to self study f6. Maybe you should ask your p6 lecturer what are the chapters in f6 that are relevant for p6 purposes.

IBA and CA are less examined in detail (and maybe it is not important at all) in p6 since they are tested in detail in f6. As for rpgt, it is essential to revise it since it is one of the main chapters in p6. You need to look into the rpgt computations as well.

But the most important thing is that the main summaries in f6 must be revised, so that you can continue in attending p6 class. (although some of the topics in f6 like CA, IBA are not important in p6)

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Added on February 28, 2012, 5:20 pm
Yeah, you're right.  Some more are reinvestment allowance, unit trust, reit, trust, estate, stamp duty and many more. Basically, p6 covers a lot of small, small topics. So you must prepare all topics for the upcoming exam.

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Added on February 28, 2012, 5:23 pmtzxsean, do you take p7 for your other optional papers? If you are, how I can cope with p7....

wait for postman kot...

lol u din read properly is it ?

lols i juz edit...refer to above post..

so u juz pass one maybe u wont get..

in other words, must know everything from F6 and bring forward to P6. at P6 level, you are a tax consultant, you have to know Malaysia Taxation from top to toe.

At ACCA P6 paper, you are mainly examined on Income Tax Act 1967. my friend who studied CTIM, they even have exam on income tax case law

that's why i wonder why you dump P7 and go for P6? somemore you don't have the basic for P6 aka F6.  it is double the difficulty.  If i have a choice, i will still choose P7 over P6

Guys, i'm not sure whether i should take P6 in June sitting or not.

If i take it in December, will the Income Tax standards change? Actually i'm currently attending P6 classes. I'm afraid those tax standards will be very much different with what i'm studying now... Any opinions?

Truly support on what you say. P6 needs a lot of hardwork and you needs a lot of memory power on the whole bunch of topics during your p6 study, unlike p7

Yeah it is true. But although i had failed my p7, I still think it is worthwhile trying it. I just have an interest in p7 syllabus.

Hi y'all. Im taking f5,7,8 papers this June 2012 sitting. I wanna get the early bird discount payment. Problem is, I can't seem to pay through myACCA! They keep saying "payment unsuccessful - please try again."!!!

I registered for my previous papers through myACCA too. But I don't know why I have problems this time round. And the closing date is on the 8th! Help! 

congrats.. u have 2 different advance diploma in ur life   

ur date stated on cert is oso feb 2012?
tonite ur hp will be flooded by miss call..
all section u simply tembak oso nvm..

the important part is the last section which u have to write wat have u learn..

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

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