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 ACCA V7, Global Body for Professional Accountants

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lostintransition
post Sep 22 2011, 10:52 AM

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QUOTE(notmycupoftea @ Sep 20 2011, 10:55 PM)
have u been his normal class b4? his method to approach conso & IAS questions is very different from other lecturers.
he won't use T-accounts for conso, no table computation too, straight away adjust on the SOFP.
then he will extract each sentence for the IAS questions, and comment/answer accordingly.

for last sem, he taught important IAS 1st, then only taught conso.
*
mmm... i never attend Joe Fang's class before.... actually self studying using FTC Kaplan's distance learning facility.
So, his consolidation method do not use the workings/ like from W1 to W5? Just do straight on the statement of Financial Position? Wow....amazing...

All i heard was that if you do not attend his normal daytime class, then it will be hard to grasp his revision class due to his unique method of doing consolidation......

Then, am I correct to say it is just a waste of time attending his revision class? better stay at home and self study?
red ribbon
post Sep 22 2011, 11:39 AM

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ACCA is a money sucking course that will cost you money for the rest of your life.
TSnotmycupoftea
post Sep 22 2011, 11:44 AM

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QUOTE(lostintransition @ Sep 22 2011, 10:52 AM)
mmm... i never attend Joe Fang's class before.... actually self studying using FTC Kaplan's distance learning facility.
So, his consolidation method do not use the workings/ like from W1 to W5? Just do straight on the statement of Financial Position? Wow....amazing...

All i heard was that if you do not attend his normal daytime class, then it will be hard to grasp his revision class due to his unique method of doing consolidation......

Then, am I correct to say it is just a waste of time attending his revision class? better stay at home and self study?
*
his consolidation needs working, but some simple double entries can straight away adjust on the SOFP.
we 1st have to copy out the SOFP, then do some workings, after that can adjust on SOFP, then done. his method of consolidation is faster than T-accounts if u are used to his method.

he teaches very very slow when doing conso in revision class, coz they're many new students there. i'm not sure whether those new students can adapt or not. if ur ability to adapt is very good, then should be ok.

one more thing, i guess, if ur F7 conso method is very solid in ur head, then it might be hard for u to change la~

i can't say it's a waste of time because, P2 is not solely on conso, there're many IAS to learn.

so, if u're too good for P2, then can consider self study.
jactval
post Sep 22 2011, 11:54 AM

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Anyone submit OBU RAP by this incoming sitting (Period 23)? Just noticed the submission had been made online now, instead of sending hardcopy to UK. I'm kinda worry for this changes...

http://www.acca.co.uk/students/bsc/submission/form
TSnotmycupoftea
post Sep 22 2011, 12:25 PM

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QUOTE(jactval @ Sep 22 2011, 11:54 AM)
Anyone submit OBU RAP by this incoming sitting (Period 23)? Just noticed the submission had been made online now, instead of sending hardcopy to UK. I'm kinda worry for this changes...

http://www.acca.co.uk/students/bsc/submission/form
*
worry about? the alignment of the document?

wah, save paper and save ink= save cost rclxms.gif

This post has been edited by notmycupoftea: Sep 22 2011, 12:27 PM
jactval
post Sep 22 2011, 01:31 PM

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QUOTE(notmycupoftea @ Sep 22 2011, 12:25 PM)
worry about? the alignment of the document?

wah, save paper and save ink= save cost  rclxms.gif
*
yea, be optimistic, save paper=save tree=save the world rclxm9.gif

aren't you submit this period as well?
surphyn
post Sep 22 2011, 01:49 PM

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It getting near to exam!I'm taking f5, f6 and f7.Please all the seniors give advice how to study?Im panicking!!Thank you
TSnotmycupoftea
post Sep 22 2011, 02:23 PM

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QUOTE(jactval @ Sep 22 2011, 01:31 PM)
yea, be optimistic, save paper=save tree=save the world  rclxm9.gif

aren't you submit this period as well?
*
i'm not submitting this period, i may not do OBU too, coz my average marks are low unsure.gif
jactval
post Sep 22 2011, 07:00 PM

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QUOTE(notmycupoftea @ Sep 22 2011, 02:23 PM)
i'm not submitting this period, i may not do OBU too, coz my average marks are low  unsure.gif
*
nvm, got acca is good enuf. i just worry as if (touchwood!) anything happen i still got my degree cert. doing my last 3 papers. damn tough cry.gif
M90
post Sep 22 2011, 07:06 PM

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Hi people!

I'm a ACCA student too. Need some advice for optional papers. I don't know which to choose sad.gif
Propernormal
post Sep 22 2011, 11:12 PM

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QUOTE(surphyn @ Sep 22 2011, 01:49 PM)
It getting near to exam!I'm taking f5, f6 and f7.Please all the seniors give advice how to study?Im panicking!!Thank you
*
Hi Surphyn ,

Read this article below written by once ago ACCA student in the student blog who has now become ACCA member:

The exams are 2 months time and I have not started reading!
It’s that time of the year when many of us notice that we have not yet started reading. A chill goes though our veins when we notice that all the targets we set at the beginning of the study for the Exams session have not been achieved. Such targets include putting in 2 hours a day, putting off time each weekend to go through the week's study material and many more. The panic shall certainly set in and before you know it, you are spending more time worrying than studying. You may even start carrying study notes of all the papers you are doing with the hope of completing all of them in one day. Well, your situation may not be as adverse as the ones I faced, but I am certain that there are always ounces of panic cropping up every time you think about Exams.
I believe that the first thing we have to appreciate is that come Exams, we shall be required to face the examiner and present what we have learnt during the period. My hope is that we convince the examiner that we deserve a pass.
Having gone through similar situations, I have a few recommendations that may be helpful to you;
• First, we have to take our minds off the past and stop blaming ourselves for all the time we have wasted

• We should appreciate that all we have now is the time that is left and it is self-defeating to spend it worrying about the time we have lost

• We should then set up a realistic plan for the time that is left and put this on paper.
• If possible, share these decisions with your accountability partner (friend, husband, wife, discussion group, mate etc) who shall keep reminding you of the decision that you made.
Today, you have over 30 days to transform a 20% to a 55% or even more. This is a lot of time and I believe that the decisions that you make now shall go a long way in giving you that victory in the Exams sitting. I would like to encourage those who may have lost hope that you are not out of this race by a long stretch. We just have to go back to the basics. We should not concentrate on what we don't have (e.g. time, study materials) but concentrate on what we have.

There are various resources at your disposal that you may not be optimizing and it is your responsibility to identify them and put them to use. The articles in the Student Accountant, the lecture notes and exam kits seated in our rooms, the pass cards and many more resources at our disposal should be harnessed and exploited for our benefit. I discovered that the best place to find the articles in the student accountant is actually the ACCA website where they are arranged according to the respective papers.
Finally, I am reminded of my final sitting (Previous Exam) where I spent some of the time just before the exams sorting out a personal crisis and I was tempted to believe that I was heading for failure. During this time of confusion, the Lord strengthened me and reminded me of all the time that I had put in before and these few days of diversion would not deter my purpose. We can not accept to develop a sense of defeat. The most dangerous thing is to believe that you are not going to make it in Exams because if you do, you may indeed not make it. You have it in you to succeed and you have to build confidence coupled with great concentration, sacrifice and determination. Our concentration is greatly impaired by thinking about our inadequacies and I believe that if you take your eyes of the past and concentrate on optimizing the time that is left, you shall certainly achieve that prestigious pass. You should do your best because your best is good enough!
--------------------------------------------------------------------------------------------------------------------------------------
Final advise from me.......Practise, practise,practise,practise questions under timed condition and on the real exam ANSWER ALL PARTS OF THE QUESTIONS.....i thought i will fail my F7 last sem because i found it very tough and my mind went blank...i mean totally blank...but i did my best but made sure i answered all parts even when i didnt know what to write in the theory questions...i wrote something logically and i strictly followed the requirements like when it said " NO NEED TO DO CONSOLIDATED GOODWILL"..i did not do it and miraculously i passed with 51 marks!!!!!!

ALL THE BEST....and Believe YOU CAN DO IT!!!!!!

nick67
post Sep 23 2011, 12:28 AM

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QUOTE(nick67 @ Sep 21 2011, 11:04 AM)
Just checking..has anyone got bar before by sunway uni? Curious about their barring system..Can they actually do that??
*
anyone?
YH90
post Sep 23 2011, 01:12 AM

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QUOTE
Just checking..has anyone got bar before by sunway uni? Curious about their barring system..Can they actually do that??
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.
shirley_andy
post Sep 23 2011, 01:57 AM

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QUOTE(YH90 @ Sep 23 2011, 01:12 AM)
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.
*
thumbup.gif totally agree!

I studied both in Sunway and outside Sunway so I can tell that despite Sunway have higher pass rate etc, there're also a lot of experience and skilled lecturers outside of Sunway..
Doreamon10
post Sep 23 2011, 02:48 PM

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QUOTE(Propernormal @ Sep 23 2011, 12:12 AM)
Hi Surphyn ,

Read this article below written by once ago ACCA student in the student blog who has now become ACCA member:

The exams are 2 months time and I have not started reading!
It’s that time of the year when many of us notice that we have not yet started reading. A chill goes though our veins when we notice that all the targets we set at the beginning of the study for the Exams session have not been achieved. Such targets include putting in 2 hours a day, putting off time each weekend to go through the week's study material and many more. The panic shall certainly set in and before you know it, you are spending more time worrying than studying. You may even start carrying study notes of all the papers you are doing with the hope of completing all of them in one day. Well, your situation may not be as adverse as the ones I faced, but I am certain that there are always ounces of panic cropping up every time you think about Exams.
I believe that the first thing we have to appreciate is that come Exams, we shall be required to face the examiner and present what we have learnt during the period. My hope is that we convince the examiner that we deserve a pass.
Having gone through similar situations, I have a few recommendations that may be helpful to you;
• First, we have to take our minds off the past and stop blaming ourselves for all the time we have wasted

• We should appreciate that all we have now is the time that is left and it is self-defeating to spend it worrying about the time we have lost   

• We should then set up a realistic plan for the time that is left and put this on paper.
• If possible, share these decisions with your accountability partner (friend, husband, wife, discussion group, mate etc) who shall keep reminding you of the decision that you made.
Today, you have over 30 days to transform a 20% to a 55% or even more. This is a lot of time and I believe that the decisions that you make now shall go a long way in giving you that victory in the Exams sitting. I would like to encourage those who may have lost hope that you are not out of this race by a long stretch. We just have to go back to the basics. We should not concentrate on what we don't have (e.g. time, study materials) but concentrate on what we have.

There are various resources at your disposal that you may not be optimizing and it is your responsibility to identify them and put them to use. The articles in the Student Accountant, the lecture notes and exam kits seated in our rooms, the pass cards and many more resources at our disposal should be harnessed and exploited for our benefit. I discovered that the best place to find the articles in the student accountant is actually the ACCA website where they are arranged according to the respective papers.
Finally, I am reminded of my final sitting (Previous Exam) where I spent some of the time just before the exams sorting out a personal crisis and I was tempted to believe that I was heading for failure. During this time of confusion, the Lord strengthened me and reminded me of all the time that I had put in before and these few days of diversion would not deter my purpose. We can not accept to develop a sense of defeat. The most dangerous thing is to believe that you are not going to make it in Exams because if you do, you may indeed not make it. You have it in you to succeed and you have to build confidence coupled with great concentration, sacrifice and determination. Our concentration is greatly impaired by thinking about our inadequacies and I believe that if you take your eyes of the past and concentrate on optimizing the time that is left, you shall certainly achieve that prestigious pass. You should do your best because your best is good enough!
--------------------------------------------------------------------------------------------------------------------------------------
Final advise from me.......Practise, practise,practise,practise questions under timed condition and on the real exam ANSWER ALL PARTS OF THE QUESTIONS.....i thought i will fail my F7 last sem because i found it very tough and my mind went blank...i mean totally blank...but i did my best but made sure i answered all parts even when i didnt know what to write in the theory questions...i wrote something logically and i strictly followed the requirements like when it said " NO NEED TO DO CONSOLIDATED GOODWILL"..i did not do it and miraculously i passed with 51 marks!!!!!!

ALL THE BEST....and Believe YOU CAN DO IT!!!!!!
*
This is so motivational, thank you for sharing! Work hard and Good luck to everyone! Know your enemy before the big day arrived! : )
ben8888
post Sep 23 2011, 04:48 PM

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Lets say I'm working in an audit firm now. I've just finish my degree in accounting and is planning to take ACCA for my proffesional papers. I've been exempted to the last 5 papers.

But i'm still thinking whether to work while study as I know audit job needs lot of overtime during peak season. Should I continue working while taking my ACCA papers? or should I just concentrate on taking ACCA and finish it in 1 year?
shirley_andy
post Sep 23 2011, 05:05 PM

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QUOTE(ben8888 @ Sep 23 2011, 04:48 PM)
Lets say I'm working in an audit firm now. I've just finish my degree in accounting and is planning to take ACCA for my proffesional papers. I've been exempted to the last 5 papers.

But i'm still thinking whether to work while study as I know audit job needs lot of overtime during peak season.  Should I continue working while taking my ACCA papers? or should I just concentrate on taking ACCA and finish it in 1 year?
*
totally up to you...

If you wanna continue working and study part time, its advised that you don't take more than 2 papers in one sitting...

or u can do a NPV analysis tongue.gif
take more than 1 year to finish ACCA but got constant salary every month, or forgo 1 year of income to get higher income after that 1 year..
nothingz
post Sep 23 2011, 05:11 PM

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some degree holders may find ACCA Professional Level quite difficult compared to what they studied at degree level and the exam style are different
surphyn
post Sep 23 2011, 06:25 PM

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QUOTE(Propernormal @ Sep 22 2011, 11:12 PM)
Hi Surphyn ,

Read this article below written by once ago ACCA student in the student blog who has now become ACCA member:

The exams are 2 months time and I have not started reading!
It’s that time of the year when many of us notice that we have not yet started reading. A chill goes though our veins when we notice that all the targets we set at the beginning of the study for the Exams session have not been achieved. Such targets include putting in 2 hours a day, putting off time each weekend to go through the week's study material and many more. The panic shall certainly set in and before you know it, you are spending more time worrying than studying. You may even start carrying study notes of all the papers you are doing with the hope of completing all of them in one day. Well, your situation may not be as adverse as the ones I faced, but I am certain that there are always ounces of panic cropping up every time you think about Exams.
I believe that the first thing we have to appreciate is that come Exams, we shall be required to face the examiner and present what we have learnt during the period. My hope is that we convince the examiner that we deserve a pass.
Having gone through similar situations, I have a few recommendations that may be helpful to you;
• First, we have to take our minds off the past and stop blaming ourselves for all the time we have wasted

• We should appreciate that all we have now is the time that is left and it is self-defeating to spend it worrying about the time we have lost   

• We should then set up a realistic plan for the time that is left and put this on paper.
• If possible, share these decisions with your accountability partner (friend, husband, wife, discussion group, mate etc) who shall keep reminding you of the decision that you made.
Today, you have over 30 days to transform a 20% to a 55% or even more. This is a lot of time and I believe that the decisions that you make now shall go a long way in giving you that victory in the Exams sitting. I would like to encourage those who may have lost hope that you are not out of this race by a long stretch. We just have to go back to the basics. We should not concentrate on what we don't have (e.g. time, study materials) but concentrate on what we have.

There are various resources at your disposal that you may not be optimizing and it is your responsibility to identify them and put them to use. The articles in the Student Accountant, the lecture notes and exam kits seated in our rooms, the pass cards and many more resources at our disposal should be harnessed and exploited for our benefit. I discovered that the best place to find the articles in the student accountant is actually the ACCA website where they are arranged according to the respective papers.
Finally, I am reminded of my final sitting (Previous Exam) where I spent some of the time just before the exams sorting out a personal crisis and I was tempted to believe that I was heading for failure. During this time of confusion, the Lord strengthened me and reminded me of all the time that I had put in before and these few days of diversion would not deter my purpose. We can not accept to develop a sense of defeat. The most dangerous thing is to believe that you are not going to make it in Exams because if you do, you may indeed not make it. You have it in you to succeed and you have to build confidence coupled with great concentration, sacrifice and determination. Our concentration is greatly impaired by thinking about our inadequacies and I believe that if you take your eyes of the past and concentrate on optimizing the time that is left, you shall certainly achieve that prestigious pass. You should do your best because your best is good enough!
--------------------------------------------------------------------------------------------------------------------------------------
Final advise from me.......Practise, practise,practise,practise questions under timed condition and on the real exam ANSWER ALL PARTS OF THE QUESTIONS.....i thought i will fail my F7 last sem because i found it very tough and my mind went blank...i mean totally blank...but i did my best but made sure i answered all parts even when i didnt know what to write in the theory questions...i wrote something logically and i strictly followed the requirements like when it said " NO NEED TO DO CONSOLIDATED GOODWILL"..i did not do it and miraculously i passed with 51 marks!!!!!!

ALL THE BEST....and Believe YOU CAN DO IT!!!!!!
*
Thank you so much for sharing this,i felt so much better.I will leave the past and move forward:)

White Knight
post Sep 23 2011, 10:51 PM

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QUOTE(nothingz @ Sep 23 2011, 05:11 PM)
some degree holders may find ACCA Professional Level quite difficult compared to what they studied at degree level and the exam style are different
*
Yes, I strongly agree with you.

I noticed there's a forumer in this lowyat net thinks that ACCA exam is low standard. This forumer is a complete idiot and fool. He knows nothing about acca exam and I even challenged him to take up the exam....however he chickened out and completely vanished from this discussion forum.


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