P5 Chan Tze Kang and P7 Sheila in Elitejaya.
my friend told me that Mr. Chan is very systematic, covered the syllabus very well.
while Ms Sheila is the same too, teach the whole syllabus.

about the difficulty of the paper, if ur F5 is stronger than F8, of course u can feel tat P5 is doable.
it all depends on how solid is ur fundamental papers

have u contacted KDU? we're not sure about this, different colleges have different policies.

lol. i was like that last time, after doing my 1st homework, the subsequent homework all did not do.
then during exam time, having a super hard time to develop a complete answer for every question

we can download exam docket from ACCA website.
the problem if ACCA is unable to send u email is, u can't get ur result via email.

lol....ask people don't be so stressful but u are even more stressful than us

remember to read articles written by examiner, very very important.

for dec 2011 exam or next year study?
if it's for dec 2011, then it's too hard to get it in this short time since kasturi is out of stock.
if u order online also need some time to get the parcel, unless u can find second hand books now and cash on delivery.

i don't know about future sittings, but P6 this sitting is quite lucky coz examiner wrote 2 articles, and the exam is on 9th Friday which is the 5th day of exam! previous sitting, P6 was on the 1st day among all the papers leh

now students here shared about p4 and p6
how about p5 and p7?

like what Collenlee said, the another article is about Anti-avoidance, the article came out on 1 Nov 2011 written by examiner.

but i see quite many students failing P7 also, and after P5 examiner has been changed few sittings ago, i heard a lot of complaints regarding the exam becomes tougher.

ok, remember to share!

ya agree. when it comes to ACCA level, self discipline is very important.
those colleges in KL, the lecturers there won't force or nag u to do homework, u r the one to decide whether u want to suffer now (do all the PYQs or homework) in order to benefit in the exam or vice versa.



wah? you're the vvip of ACCA?

y r u exposing ur look to others?

have u all watched the interview with the ACCA silver medalist from Singapore?
he's very geng in the sense that he's working full time in EY but still can get good results in exam

cannot. calm down calm down
tell yourself you're sure able to write relevant stuff!
breathe breathe!

eat well later, go toilet b4 exam.

work with CAT qualification is way too kesian
work with OBU, can la, but...i heard some lowyat members said OBU isn't like real degree, cannot be compared to real degree.

so, the best is, study smart and hard until u complete ur ACCA!
dun waste time thinking "i might not be able to finish my acca"
take the papers slowly (take 2 papers per sem), do some part time job or full time also ok if u can cope with.

sometimes a student is not that stupid to fail a paper, but he/she might just get too lazy to revise, or get distracted by entertainment.

and the most important thing is the exam day itself, must be able to keep calm, even though a candidate sees a strange and hard question, do not give up but keep writing something tat makes sense. if u leave the question blank, u are wasting ur time and ur money. we paid few hundred ringgit to write on a booklet, die die also must use more than half of the booklet la (for professional level).

yes, correct

i went to open tuition to see comments about P4, the 1st comment is "it was an easy paper for a well-prepared student"

ya i have to admit tat i was not well-prepared.

now when i see "interest rate", i'll feel very ill and dizzy

the major issue that i faced today was...i should have bought diapers!!!
i tahan from 4pm to 6:15pm ._.
i felt too shy to raise hand to ask permission to go toilet...wuwuwuwuwu

i went toilet at 2:45pm, mana tahu 4pm full again.
i only drank very little water T_T something wrong with the kidney or bladder, lol


no one sharing P4 experience de??

u read all the questions b4 u do Q1? if not how u r able to finish the paper doing n reading 3 questions within 85 minutes?
the Q2, the future and option are standard, but the collar one, standard also?

only?

under PART I OF THE FIRST SCHEDULE OF THE ACCOUNTANTS ACT, 1967
(l) the final examination of the Universiti Tenaga Nasional for the Degree of Bachelor of Accounting (Honours), the academic programme for which first commenced from the academic year 2002/2003 onwards;

Universiti Tenaga Nasional- UNITEN
UNITEN is one of the first private universities in Malaysia and is wholly-owned by the public-listed Tenaga Nasional Berhad (TNB), one of the largest utility companies in South East-Asia.

distinct business u mentioned, yes, separate from other business source. it's always like that, when the a business is given incentives and exemptions, it should be separated other business source. so there will be a "aggregate business statutory income".

example:

Adjusted income (Qualifying activities)...........xx
less: Capital Allowance.................................(x)
Statutory income.........................................xx
exemption:
Direct export sales.....................xx
Drop shipment exp. sales...........xx
Local sales.................................xx.............. (x)
Statutory income (Q.A.)...............................xx
Statutory of other business...........................xx
Aggregate business statutory income............xx
-unabsorbed loss.........................................(x)
Net aggregate business SI............................xx

Interest income...........................................xx
Aggregate income........................................xx
less: C/Y business loss................................(x)
........Donation............................................. (x)
Total/Chargeable income..............................xx



and yes, examiner made mistakes tat the total income from the example should be 13.48 but not 16.48.
also, another mistake by examiner is, the B value from the example should be 850 (on the note labelling at right side) but not 750 coz B value is "Annual value of the sales from qualifying activities, ie annual FOB value of direct export and drop shipment export sales plus local sales". but it's funny that examiner used the correct B value to calculate exemptions, just labelled wrongly.

the RPGT part u mentioned, examiner clearly stated tat "withholding of 2% of the total consideration is applicable only if the transaction is partly or wholly in cash. if the transaction is wholly non-cash, withholding does not apply."

this sentence can be found in the article May 2011 "Real Property Gain Tax", at page 9 under the subheading of "Withholding of tax at source".

note:

If the disposer has completed and submitted the form CKHT3 when the consideration consists partly or wholly of money (cash), and he elected for the acquirer not to withhold and remit the whole of the cash or 2% of the total value of the consideration (whichever is the less) to the IRB, then the buyer does not need to withhold the amount even though the consideration consists of cash. The form CKHT3 must be submitted to the IRB within 60 days from the date of disposal by the disposer.

however, if the disposer did not elect for the acquirer not to withhold, then acquirer has to withhold.

let say A (disposer) sold a house to B (acquirer) at RM 500,000. B paid A by shares worth RM 100,000 and the rest by cash RM 400,000.

so the amount to be withheld should be:

2% x RM 500,000(consideration) = RM 10,000 or RM 400,000 (cash paid), whichever is lower.

since RM 10,000 is lower than RM 400,000, RM10,000 is to be withheld and remit to IRB.

2nd example,
A (disposer) sold a house to B (acquirer) at RM 500,000. B paid A by shares worth RM 495,000 and the rest by cash RM 5000.

the amount to be withheld is RM 5000 because the 2% of the consideration is RM 10k which is higher.

This post has been edited by notmycupoftea: Dec 8 2011, 05:57 AM