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 ACCA V7, Global Body for Professional Accountants

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student2
post Jul 23 2011, 05:03 AM

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QUOTE(Xeniouz @ Jul 23 2011, 04:44 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?
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certificate<diploma<degree<masters<phd notwithstanding reputation and other confounding factors.

You didn't mentioned any exceptions, I did. And please keep it professional, keep personal aspect and vulgarities out of the discussion. You will sound like a troll to me.

You can't mention because you are not right and please don't throw in politics into the discussion. Strictly ACCA matters. Moderator please warn this poster.

-end of discussion-

This post has been edited by student2: Jul 23 2011, 05:06 AM
student2
post Jul 27 2011, 08:43 PM

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QUOTE(tzxsean @ Jul 27 2011, 02:20 AM)
no need
OBU is only if u want a degree
as insurance in case u dun pass ACCA

but not really accepted as compared to other degree
and u need gd marks to get into 1st class (67 marks and above if not mistaken)
for me, if u cant study at home
when u go to hostel
u make new frens there and will go out as well
just depend on ur attitude and determination
however it's up to u
even in KL
not really suggest sunway
I'd say go for different places for different papers

u might ask KL ppl
cos i can only advise bout penang ACCA tuition provider
as for fees for ACCA in penang
it should depends on your exemptions

and if u go sunway
they dun provide u textbooks like GTG, BPP, Kaplan
u need to buy urself
they only giv u textbook written by sunway top students and edited by sunway
(as told by Spencer)
not sure how true is that
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If not mistaken;

Sunway used to provide Kaplan then switch to their own text to save cost. Their own text quite useless because their own lecturers will not use it as well. Reason too simple until cannot understand lol.

Elitejaya will provide BPP revision kit. KSA will provide Kaplan text.

IMO Text book quite useless; better rely on lectures, lecture notes, and BPP revision kit to do practise.

BPP revision kit questions quite good because they will break it down and modify it as according to topics for you. The suggested answers are also reasonably understandable.

This post has been edited by student2: Jul 27 2011, 08:48 PM
student2
post Aug 5 2011, 01:34 AM

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QUOTE(hurly @ Aug 4 2011, 11:51 AM)
I kind of agree with you. I have 2 friends plus 1 is my brother's friend. They all went to UK to study ACCA Professional papers. All of them flunked. One came back empty handed. Didn't pass a paper. I didn't know what happened there but according to my friend, it's a norm there. It really depends on yourself.

I decided to stay because of shortage of money. It was blessing in disguise. At least I pass some papers starting from F1. now reached professional level already.

But I can assure you, there are successful stories.
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IMO in general,

For MYS ACCA students, MYS lecturers > foreign lecturers (i.e. caucasian).

MYS lecturers more dedicated and responsible in ensuring that their students do well. More vested interest due to the competitive nature of our lecturing market.

Foreign lecturers don't really care much as they believe in independent learning at the tertiary level.

MYS lecturers will literally 'spoon feed' you to your success. Teaching approach more exam-focused. MYS students learn better this way.

Foreign lecturers will most likely talk crap in most of their lectures. They will tend to cultivate your interest rather than anything else. Teaching approach not really exam focused.

MYS lecturers calculation techniques > foreign lecturers calculation techniques. Culture?

However....

Foreign lecturers > MYS lecturers in theory. They tend to understand the subject matter more deeply and is able to express their opinions more spontaneously. Probably because English is their primary language/mother tongue and other etc reasons.

This post has been edited by student2: Aug 5 2011, 01:45 AM
student2
post Aug 15 2011, 08:58 PM

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Can students apply for exam entry before exam results?

If no; what is the reason for the prohibition?

I find it a hassle as students sit for new classes and then after results are out; all your effort for studying and revision will go to waste as you need to resit your failed papers.

This post has been edited by student2: Aug 15 2011, 09:15 PM
student2
post Aug 15 2011, 09:14 PM

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QUOTE(muppet @ Aug 15 2011, 09:09 PM)
sure cant la... if no then ppl pass already but register again for same paper how? x2 pay.
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Not valid reason. Payment always can be amended, it is only a double entry.

This post has been edited by student2: Aug 15 2011, 09:15 PM
student2
post Aug 15 2011, 10:58 PM

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QUOTE(muppet @ Aug 15 2011, 09:18 PM)
liadat acca vy busy lo?
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QUOTE(tzxsean @ Aug 15 2011, 10:28 PM)
in UK... class usually start Sep
after result release

and I dont think ACCA is that free to do that
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ACCA is using CRM/ERP right? Admin work such as exam entry and payment all conducted online and through IS.

What to do with manpower? Its not like they need to review manually each amendment and etc?

UK classes start Sep? Wow, how to master a subject matter in 3 months? sweat.gif

This post has been edited by student2: Aug 15 2011, 11:00 PM
student2
post Aug 15 2011, 11:45 PM

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QUOTE(notmycupoftea @ Aug 15 2011, 11:09 PM)
ACCA will give u option to register which papers 4 exam according to ur result.

Eg:
Ali took F7, F8 and F9 in June 2011 exam. currently he's doing P1, P2 and P3. if ACCA allows him to apply exam entry b4 exam results release, he would register P1, P2 and P3 for exam.

What if he fails F8 and F9? can he still take P1, P2 and P3 in Dec 2011 and left F8 and F9 behind?

we all know that, ACCA has rules that "Papers must be taken in line with the module order. If your status allows you to enter for papers across modules, please remember that you must complete the papers in order and enter for outstanding papers in your current module if you wish to enter to sit papers in the next module."

So, Ali has no choice but to resit F8 and F9 before taking any professional papers.
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I totally understand what you say but i don't think you get what i mean. Most likely their point of reasoning would be if you don't pass your fundamentals levels; you won't have enough knowledge, skills etc to do further papers.

BUT from students point of view; students would have wasted a reasonable amount of resources for ACCA's operating deficiencies and insensitive policies.

Also i could infer that ACCA is punishing you for your failures; it happens mostly IRL but come on we are students here; give us a break. Some mature students even have more profound constraints; so my point here is give us some flexibility.

If I were to fail here; i could always re-take it in a future semester? My question here is why insist in insensitive policies and waste student resources?
student2
post Aug 16 2011, 12:42 AM

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QUOTE(tzxsean @ Aug 16 2011, 12:17 AM)
still
u have to learn how to crawl before u can walk

u muz remember
after grad from ACCA, u will bear great responsibilities as professional accountant

ACCA will not take gamble and affect its reputation because the affiliates are not competent

there's an order to things..u cant just skip it
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I do agree that some things have an order especially nature; but remember that policies are man made and man can also twist the order of things. For example; abortion and energy manipulation.

If what you say is true then why ACCA grant exemptions? They are literally gambling on their reputation by awarding you with exemptions.

There are cases where there are practising accountants whom are not that academically inclined; are you suggesting them to be lesser accountants?

I will only reply if you have valid points. If not it ends here.

This post has been edited by student2: Aug 16 2011, 12:48 AM
student2
post Aug 20 2011, 03:55 AM

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QUOTE(mules @ Aug 19 2011, 02:51 PM)
Hi,
Can i ask here?

I dont have former accountancy background nor a solid education background.  Interested in ACCA; after reading a lot (i think so) it seems ACCA is something that as long as you put in the effort, you will pass it.

a) should i take spent 20 months doing CIT then proceed on to ACCA? or just jump in ACCA full course?

b) Where can i take the course in Ipoh as part timer? I read and it seems the best option is in Kompas, i failed to locate the building after driving around based on the map; is the institution still available, any other recommended option?
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Hi mules

You don't really need accounting knowledge to study accounting per se, most ICAEW students aren't from accounting background.

A) You should take what you feel comfortable taking.

B) Why don't you come down to PJ/KL for your studies? There are more options in PJ/KL.

Its only a two hour drive from Ipoh minus traffic. I think that there should be some weekend classes where you can drive down in the morning and head back in the evening; usually these classes have 1 odd weekday evening class.

If you don't drive, you could try taking the KTM train down to KL Sentral and take a 1 or 2 stop LRT ride to a variety of colleges offering ACCA courses. Check for timetable regarding part-time courses to see if it suits you.

If you decide to study in Ipoh maybe Sunway could be an alternative.

http://www.sunway.edu.my/ipoh/index.php?op...y&id=9&Itemid=5

Hope this helps.

This post has been edited by student2: Aug 20 2011, 06:32 AM
student2
post Aug 31 2011, 01:50 AM

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QUOTE(maggi @ Aug 31 2011, 12:09 AM)
dear all, perhaps u all would like to read this

ahem
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tldr.

Just do what you enjoy! biggrin.gif

This post has been edited by student2: Aug 31 2011, 03:00 AM
student2
post Sep 2 2011, 03:13 AM

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QUOTE(masterofsea @ Sep 1 2011, 10:20 PM)
My little question - What kind of acceptance level does FiA Diploma have ? What bodies will recognized it ? Job, education ( further to degree ) ?
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FIA is a merger between CAT and knowledge module of ACCA.

FIA should then be equivalent or similar to CAT and LCCI.

You would probably get an accounts clerk or senior accounts clerk position in SME companies for this level of qualification.

FIA is rather new due to its rebranding from CAT, so i guess it will take some time for the industry to recognize its value.

If you do decide to use it to get a job; i think it would be better to take LCCI because traditionally it has more industry
acceptance in MYS.

FIA should only be taken if you plan to take ACCA in future as its primary purpose is to prepare you for ACCA.
So it kind of acts like a feeder qualification much like CAT.

Honestly I don't see the difference in value in regards to FIA and CAT. I guess it is primary a rebranding exercise to promote
its value. It could also be a syllabus reallignment exercise by ACCA.

FIA should be like any other business foundation course taken in local colleges but ACCA claims that it should
be equvailent broadly to a first year degree programme, so in theory it should not hinder your acceptance to another business degree program.

However you should take note that it is usually the accepting university's prerogative to recognize your FIA credits. i.e. case by case basis

If you want wider acceptance to university degree programmes; take other prematriculation courses like A'lvls.

IMO A'lvls > FIA in this regard.

Hope this helps.

Disclaimer: Use this info at your own risk. cool2.gif

This post has been edited by student2: Sep 2 2011, 06:27 AM
student2
post Sep 26 2011, 06:35 PM

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QUOTE(nujikabane @ Sep 25 2011, 12:21 AM)
I hope somebody can help me out here.

In terms of broadband connection provided to employees,
is it tax deductible to the employer?

I do understand that if the broadband connection is given to employees,
it is tax deductible, but is it deductible to the employer as well?
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I think you are referring to company taxation?

Most operating expenses are tax deductible except capital expenditure where you get allowances.

Marketing/entertainment expenses is an example whereby i think you can only deduct a specific portion. Hence adding
back to the tax computation.

The question here is if you can obtain double deduction for broadband; I have no idea as I haven't been
following the budget closely.

An example of double deduction would be for 'Halal' certification.

For employees i think you are refering to personal taxation.

Personal taxation for the past assessment, broadband was tax relieved up to MYR500.

For more information, you can visit www.hasil.gov.my

Hope someone here can help clarify. TQ


Added on September 26, 2011, 6:56 pm
QUOTE(White Knight @ Sep 25 2011, 04:40 PM)
Once you're professionally qualified, who cares abt the Uni degree. It's the prof qualification that distinguish a qualified & non-qualified person.
Nowadays Uni degree is no big deal, almost everybody has one. Time has changed unlike 20 years ago whereby a Uni degree was a big thing.
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My take on your statement.

I think your statement here requires a little revision. 20-30 years ago the number of graduates in MYS is low as compared to the present therefore
what you say is true in some regards.

The number of graduates from reputable university has also increase but not in the proportion with non-reputable institutions. How many
Oxford or Harvard graduates in our current workforce as compared to 20-30 years ago?

The status quo for todays employment is not just a university degree; it has specific requirements on reputation and also academic achievement
(i.e. a minumum of second-upper).

The workforce will still take into consideration your university qualification with specific emphasis.

Most profesional bodies requires university degrees to qualify as a professional. Professions such as medicine, engineering, law still require
university degrees as prerequisites for membership.

ACCA is a special case whereby this does not apply.

Therefore i find your statement misleading in the aspects mentioned.


Added on September 26, 2011, 7:05 pm
QUOTE(YH90 @ Sep 23 2011, 01:12 AM)
As a student of Sunway, I think I can answer this question for you.

Sunway has no rights to bar you in any way as they are only the tuition provider.

Sunway has been using this as a way of threatening their students. It might have helped both the student and the centre itself in having a higher passing rate, but I believe we as students should know our rights.

Personally, I have not heard of cases of the college actually barring anyone. Before they "bar" you, you would actually need to have a talk with Mr Teo to convince him that despite your poor performance during the PT and Mock exams, you will be able to pass the paper. Usually most of them didn't get barred in the end after a talk with Mr Teo and they will still fail the paper.

However, they do have the rights to not provide you with tuition if you so happen failed to impress Mr Teo and still insist in sitting for the paper. They will not want to have a "failing" student to affect their passing rates, and so will not accept you as a student if you fail the papers.

But all this is just hear say from friends and lecturers. I have not personally known anyone who have really been barred by the Sunway.

All in all, know your rights and know that Sunway is NOT the only ACCA tuition provider out there.
These tuition providers in KL provide a much better team of lecturers, with almost 50% of the cost at Sunway with less students per class.
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From personal experience, I would like to add that the conduct of the admin staff is really unprofesional and unmannered.

They forget that they are a private institution whereby their students are also their customers.

The specifics of my experience will not be disclose due to privacy concerns but its no less than an ordeal.


Added on September 26, 2011, 7:07 pm
QUOTE(red ribbon @ Sep 22 2011, 11:39 AM)
ACCA is a money sucking course that will cost you money for the rest of your life.
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How so? Most professions require a subscription/membership fee. There must be some cost for overall administration and coordination of the institute and the profession. Unless most of the work is done on a voluntary basis but normally if its on this basis; the work provided would usually be on a periodic basis.
You wouldn't want to call for support and there is no support on the other end.

This post has been edited by student2: Sep 26 2011, 07:22 PM

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