ACCA secondhand books for sale Link

Anybody know anything about Mary Edwin(P2) from Elitejaya ?

Apasal so lambat ? Mary Edwin not bad, 2 classes completed. Still revising F7 std's, so move quick. Next class next Tuesday. Look me up if you decide to join.

Not bad. 10+ years experience. Seems to know her stuff pretty well.

P1 appears to be easier than F8 as a lot of stuff from the latter is repeated. Having said that, you should know from experience that no ACCA paper is easy. Sheila is excellent. I was in her F8 class last term and I'm in her P1 this term. So I speak with experience.

Siva appears to be a tax specialist. Don't know much about him in P7 capacity. Sheila should be excellent. An auditor by profession with extensive experience in the field as well as in teaching. Your call.

This post has been edited by hrevijay: Jan 14 2013, 06:20 PM

Based on P1:

First term student: 390(first term)+640(2nd term)- all inclusive

Second term student: 760(2nd term+bridging+IRC)

First term gets exam kit as well.

This post has been edited by hrevijay: Jan 14 2013, 07:50 PM

What do you mean ?

Nonsense. Exam results page shows a blank. There's also absolutely nothing on opentuition.

Omg ! It works ! ! Passed all 3 pprs ! ! !

This post has been edited by hrevijay: Feb 3 2013, 10:01 AM

Still can. Just tried it again. Make sure you got MyAcca and login on first. Then use the link on a separate page.

Keep trying bro. I encountered the same, but got through after a while.

The link no longer works. Cheers to those who got through.

A rip off, it's definitely not. I'm here in the UK atm doing ACCA with Kaplan. For F-level papers there are 6 class days whereas P-Level papers, there are 7, plus another 4-5 revision classes. Classes run from 9.30-4.30 on class days, which is equivalent to 12-14 Malaysia college classes, eg: Kasturi or elitejaya. You get between 8-10 classes less here in the UK compared to Malaysia. Having said that, there is no comparison in terms of quality, Malaysia colleges are miles behind. Here's why:

1. The depth of knowledge UK lecturers possess in their respective fields is outstanding. Fyi, I completed up to F8 in Malaysia, so I've seen quite a few Malaysian lecturers, including good ones such as Sheila and Keith Farmer, Low Chin Ann and Andrew Phang. The biggest disadvantage of the Malaysian lecturers is language and their inability to convey the subject thouroughly, so most of them end up just focussing on the computation parts and simply skimming through the theory without going into detail, although they carry more marks.

2. Malaysian lecturers always over-teach. Last year, in Malaysia I had a lecturer who took 40 classes to finish the syllabus of an F-Level paper and this mind you, is a top lecturer from one of the KL colleges. UK lecturers, never do that because they know exactly which parts of the syllabus are questioned and which aren't as they're markers themselves. M'sian lecturers do not posses this knowledge.

3. The level of off-class support is extensive, and very helpful compared to being non-existent in Malaysia. For example, at kaplan you get access to the online support system called engage through which you have chapter based quizes, progress tests, video recording of classes, external references, pre-revision tests, video tutorials plus a lot more.

Hence, the reason why they're able to complete the syllabus in half the time, have very much higher pass rates and many more prize winners compared to Malaysia. Fyi, kaplan had an avg passing rate of 70% last year, with some papers such as P1 being as high as 98%, in other words, even the class white board could've passed the exams.


Sheila over-teaches, large sections of her notes are completely unnecessary and can be ignored. The syllabus should be your ultimate guide, not her notes. It's the same for her F8 & P1 classes, I've been to both.

LCW, is awesome for F6 & P6, not so in the others. He skims through the theory without explaining properly, so be prepared to do a lot reading by yourself.

Between them both, I'd go for Sheila. She is from the audit line, so is more experienced.

My 2 cents worth with no intentions of disparaging anyone, hope you found it informative.

This post has been edited by hrevijay: Feb 28 2013, 03:29 PM

Depends on personal choice really. I personally used BPP all through before Kaplan now. Found GTG a bit too messy.

I could check for you. The problem is the lecturers who do physical classes are not the same as the ones who do the online program. In any case, it's quite peculiar that you choose to do UK tax variant, then work in Malaysia.

Why do people on this thread continue to post new queries on issues that have already been discussed to death countless number of times. For christ's sake, please learn to use the thread search function at the bottom of the page.

This post has been edited by hrevijay: Apr 21 2013, 10:46 AM

Hahahha....you stole the words from my mouth.

Futures is similar to a forward contract in that it obligates you to buy/sell a fixed amount of currency at a fixed rate on a fixed future date.

However, it can be traded(forward contracts can't), settlement takes place in 3 mth cycles and the size of the contract is fixed in multiples of $62,500.

Say you're awaiting a payment in 3 months and afraid that forex rates will move against you resulting in a loss. So, you hedge the risk by setting up a forward contract.

If you're hedging a receipt, then set up the position by selling future contracts. Future contracts are traded in denominations of $62,500. So assuming you're expected to receive a payment of £500k, then you set up a hedge by selling 8 x $62,500 contracts. If the spot rate is $1.65/£, you receive $825k.

Then in 3 months, you'll be required to close the position. You do this by buying back the future contracts you sold earlier. Assuming a spot rate of $1.70/£, then you'll have to pay back $850k to buy back the 8 contracts you sold.

Hence, you've incurred a loss of $25k due to depreciation of the USD. But wait, we're not finished.

Now, you'll also be receiving the £500k payment that you've been waiting for. When you do receive it, you'll sell it at the spot rate of $1.7/£, receiving $850k in return. Hence you've made a profit of $25k because if you had received this payment 3 mths earlier when the spot rate was $1.65/£, then you'd only got $825k.

So, $25k loss due to futures position, but $25k profit due sterling appreciation, as such, net gain/loss zero. You've successfully hedged the risk of forex loss.

Please, don't exaggerate. As a future acca, you're required to be objective in your assessment.

This post has been edited by hrevijay: Jun 14 2013, 11:13 PM

The best players always play in the biggest fields. There's a reason why messi and ronaldo play in spain and not in Malaysia.

The best acca tutors are without doubt in the UK, the biggest acca market. I completed F1-F9 in Malaysia under more than 10 different tutors before heading to the UK, you name them, i've gone to their classes. From low chin ann to andrew phang to viknes to sheila to wong paik wan to ian lim to mary edwin to keith farmer to sanjeetha and a few others whose names i've forgotten. None of them come even close to the quality of tutors in the UK. The disparity is too huge.

Gwailos in malaysia are only there because they've no place back in the UK. That's the undeniable fact. Hence they cannot be the best or anywhere close.

This post has been edited by hrevijay: Jun 15 2013, 12:17 PM