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 ACCA V7, Global Body for Professional Accountants

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White Knight
post Aug 4 2011, 09:40 AM

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QUOTE(HaoYuan @ Aug 1 2011, 09:52 PM)
Hey, my mom say it is much more easier to pass in UK, is that true? which college in london offer best ACCA tuition?
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No, it's not true. I used to have colleagues who quit the job & went to UK to continue with the ACCA. Yet, they still struggle & flop the exams repeatedly.

Added on August 4, 2011, 9:47 amSomething to share with you guys.

The Tax Practitioners Board (TPB) of Australia only recognise ONE....ONLY ONE overseas body to become a registered tax agent in Australia. The said body is ACCA. It's a significant milestone for them.
www.tpb.gov.au



This post has been edited by White Knight: Aug 4 2011, 09:47 AM
White Knight
post Aug 21 2011, 03:13 PM

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All the best upon receiving your results tomorrow.

Whether you make it or not, you guys should walk tall & be proud of yourself because you all are sitting one of the toughest prof accounting exam.

Let us know the good news tomorrow. Good luck.
White Knight
post Aug 22 2011, 04:37 PM

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Does anyone knows the world passing rate for all the papers?
White Knight
post Aug 25 2011, 10:18 AM

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Is the worldwide passing rate out yet? Anyone knows?
White Knight
post Aug 25 2011, 11:36 PM

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QUOTE(tzxsean @ Aug 25 2011, 07:03 PM)
June 2011 ACCA Qualification pass rates

    F1, Accountant in Business, 70%*
    F2, Management Accounting, 57%*
    F3, Financial Accounting, 55%*
    F4, Corporate and Business Law, 55%
    F5, Performance Management, 37%
    F6, Taxation, 51%
    F7, Financial Reporting, 38%
    F8, Audit and Assurance, 40%
    F9, Financial Management, 38%
    P1, Governance, Risk and Ethics, 52%
    P2, Corporate Reporting, 50%
    P3, Business Analysis, 47%
    P4, Advanced Financial Management, 30%
    P5, Advanced Performance Management, 35%
    P6, Advanced Taxation, 45%
    P7, Advanced Audit and Assurance, 31%
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Those who couldn't make it, don't be sad...try again until you pass. Don't give up.
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
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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.
White Knight
post Sep 25 2011, 04:40 PM

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QUOTE(bluebird123456 @ Sep 25 2011, 04:32 PM)
will employer look differently on those who graduate from university/ college and those who just take ACCA without degree?
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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.



White Knight
post Nov 8 2011, 10:00 PM

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QUOTE(sheilameow @ Nov 8 2011, 08:49 PM)
hello, is ACCA and degree in accounting the same thing?no right? ACCA is certificate right...

i want to ask about studying in NEW ZEALAND for Degree in Accounting.is this the right place to post?
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ACCA final level is equivalent to a master degree by standard of most UK & Irish universities.

After the completion of your accounting degree from NZ, you have the choice to sit for NZICA exam to be eligible for MIA membership. Starting 2013, there will be a joint exam between ICAA & NZICA.


White Knight
post Nov 13 2011, 02:38 PM

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QUOTE(surphyn @ Nov 13 2011, 06:21 AM)
Think of studying Acca P paper in uk,Did anyone have any experience willing to share or ever think of studying in uk too(What is your plan).Would love to hear and share this idea:)
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Why you want to go to UK? Isn't that a waste of money? I had ex-colleagues who went to UK to continue their ACCA studies but they still failed their exam. I think it makes no difference whether you study in Msia or UK, it's all depends on you & not the location.

White Knight
post Nov 25 2011, 10:10 PM

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QUOTE(ikki9394 @ Nov 25 2011, 02:48 PM)
Well, I've heard what u've said that CPA is easier...
However, CPA has a longer time frame tho(2 and a half years) plus need 2 years related working experience. Is it the same for ACCA?
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ACCA exam is a killer exam. It requires lots of hard work, sacrifice & commitment. Many people gave up half way through.

You can pass the CPA exam easily with just a total of 1 hour of study for each paper or no need to study at all. I have done it before, all MCQs & you can spot the answer easily from the options A, B, C or D. Lets say for example in the CPA Tax paper, the question can ask 'What's the company tax rate? A. 20% B.30% C.40% D.50%' Obviouly the answer is B.
Another example in CPA Auditing paper, the question can ask 'Which of the following would trigger a bad debt situation from a debtor? A. Debtors pay within the credit period B. Debtors pay by instalments C. Debtors still owing for more than a year with no guarantee D. Third party pays on behalf of debtor'. The answer is C.

Easy huh ! That's why CPA is always a joke in Aust employment market.

If you want to remain in Aust, take up a master or ICAA. If you want to come back to Msia, then CPA....boleh lah as long as it's under MIA recognition.
White Knight
post Feb 21 2012, 03:35 PM

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QUOTE(muppet @ Feb 21 2012, 01:34 PM)
so coninsident... mikey zeng come then got people promot paac again...

i will quiet... acca students smart.. they know who bad who good...
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Improve your English...don't understand what you're writing.
No offence please.
White Knight
post Feb 21 2012, 03:39 PM

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QUOTE(paarmaseelan @ Feb 21 2012, 11:07 AM)
hey guyz, my results just release and sad to say i fail my paper.

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Failing is very common in ACCA exam. It's nothing new.

Added on February 21, 2012, 3:43 pm
QUOTE(tzxsean @ Feb 21 2012, 03:38 PM)
i understand what he mean

so does that mean my english is good than you or as bad as him?  hmm.gif
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Your English is good. No doubt about it.

the correct word to use is 'better'

This post has been edited by White Knight: Feb 21 2012, 03:44 PM
White Knight
post Mar 9 2012, 07:14 AM

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QUOTE(HoneyBunnies @ Mar 9 2012, 12:30 AM)
what you working before you get acca?
just curious what kind of job offer for spm student..
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There goes the standard of English....sigh

It should be "what were you working as....."
White Knight
post Mar 15 2012, 07:19 AM

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QUOTE(nothingz @ Mar 14 2012, 11:36 PM)
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
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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'.

Added on March 15, 2012, 7:22 am
QUOTE(tzxsean @ Mar 14 2012, 07:02 PM)
no other ppl can help me liao? laugh.gif
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You 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
White Knight
post Mar 18 2012, 12:22 AM

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QUOTE(muppet @ Mar 11 2012, 06:53 AM)
can i ask sales experience as salesgirl can record per?? i sell komputer now...
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It should be 'Computer[/COLOR]'....what dual language are you using?

It should be 'can be accounted for under PER'

Added on March 18, 2012, 12:25 am
QUOTE(muppet @ Mar 17 2012, 10:08 PM)
grammar error... not grammer error....

biggrin.gif
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yes, my mistake.

This post has been edited by White Knight: Mar 18 2012, 12:25 AM
White Knight
post Mar 21 2012, 10:52 PM

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QUOTE(Blofeld @ Mar 21 2012, 10:29 PM)
Ohhh, i see.

ok here is my true story.

I'm working full time.

I took some normal blood test for my personal annual medical check-up. I did not claim from company since I did it at BP Health Lab.

Also, I'm doing part-time postgraduate studies at a local public university. I did not claim from company.

Is that blood test medical expenses deductible?

And

Is the tuition fees in a local public university deductible?

Thanks in advance, bro.
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You can try to log into the LHDN website and look for the answers to your questions.
I am not so sure about Msian tax but under Aust tax, if your field of study is relevant to your current occupation, then it's deductible.
White Knight
post Mar 22 2012, 06:36 AM

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QUOTE(nothingz @ Mar 21 2012, 11:19 PM)
ITA and Pioneer Status you need to apply to Ministry of Finance or MIDA.  RA you don't need to apply, you can just claim if you feel that you are qualified.  RA is limited to manufacturing companies while ITA and Pioneer status are not. 

Capital intensive projects will better go for ITA instead of Pioneer Status. Those cash cows/high level profit companies better go for Pioneer Status. 2 of them are mutually exclusive (choose either one).  ITA and Pioneer Status are awarded to approved projects such as agriculture, tourism (hotels) etc. 

RA is only for manufacturing companies who meets the criterias, such as modernisation. The definition of manufacturing was redefined by IRB in 2010 (IINM) therefore read carefully. The scope that ITA claims should be wider than RA
medical check up can claim up to RM500 annually under the self medical fees relief.  part time studies can claim personal relief depends on what field you are studying.  this should be the list you can claim - law, accounting, Islamic financing, technical, vocational, industrial, scientific or technological skills or qualifications
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I am amazed and you're a real tax expert. Well done. This is the quality of acca grad.
White Knight
post Mar 22 2012, 04:42 PM

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QUOTE(muppet @ Mar 22 2012, 03:17 PM)
please improve your grammar...

It should be:

i am amazed that you are a real tax expert... well done... this is the quality of an acca grad...
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I don't find that there's anything wrong with my sentence & neither is yours. Yes I agree with you that I missed out the word "an"

'I am amazed' - means that I am impressed with nothingz's tax knowledge.
'You are a tax expert' - what I meant was nothingz is indeed a tax master.

I was trying to explain 2 different attributes of nothingz, that's why I used "and".

I wasn't trying to explain that those 2 attributes are interlinked with one another, that's why I didn't use "that".

I noticed that you have deleted most of your previous posts. Why? afraid I might point out your errors again?
In your latest post, it seems that you're using proper English unlike all your past posts. You must have been getting help from someone to check your English before posting any comments here. Am I right?
White Knight
post Mar 23 2012, 04:04 PM

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QUOTE(muppet @ Mar 23 2012, 10:31 AM)
... yes, i am getting help from my friend to improve the standard of english on lowyat...
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Expected.

Added on March 23, 2012, 4:15 pm
QUOTE(muppet @ Mar 23 2012, 10:31 AM)
... do you have a problem with that??
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No, I have no problem with that.
As a student taking an oversea prof course, you should make an effort to improve your English. Bear in mind, your exam answer script is marked in UK and not in Hong Kong or China. The exam markers are human too & sometimes they do get annoyed if they can't comprehend your sentences & as a result you will loose marks.
Is your friend going to help you to write down the answers with proper English in the exam hall?



This post has been edited by White Knight: Mar 23 2012, 04:15 PM
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