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Business ACCA V8, Global Body for Professional Accountants

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SereneAshley
post May 22 2012, 11:04 PM

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QUOTE(chiahau @ May 22 2012, 07:02 PM)
Ops, wrongly quoted but wth.. Let it be. This reply is towards those who actually feel that they are the person mentioned.

Being nice to you does not mean I have good intentions, and being crude with my choice of words does not mean I want to see you fail. As a fellow peer taking this paper, I would like to see another peer passes the paper too.

Well, why no prepare early? As you said, you are a full time student taking 2 F level papers. If you are a part time student or a working class student taking 3 P level papers, then yea, I might be able to understand your suffering. Come on, we all are adults here. If you don't prepare well, then its your own fault to begin with.

If you are not prepared due to your inability to study beforehand, don't complain so much. Enough said.

I don't have to know you to judge you and same goes with the examiner when they are marking your paper.

Can i just say, you were spot on with how condescending he( Tzxsean) was. I have been wondering from day 1 why anyone has tolerated his comments.

Finally -

Life is going to shovel dirt on you, all kinds of dirt. The trick to getting out of the pit well is to shake it off and take a step up. We can get out of the deepest pits by not stopping and never giving up. Just shake it off and take a step up.
Try it, it works!

For those who are preparing for exam remember not to give up when things get tough. The tough gets going. Good luck
*
This reply is to the person who feels that they are the person mentioned???at least have the guts to reply to me, coward. You even quoted my reply for gods sakes. You can save it with your fake "nice act" here. It sounds like you want to make peace here but by telling me it was my inability to study beforehand and I shouldn't complain??Like I said,this thread is for ppl to share frustrations etc. If you don't like it don't hang out here. You're just a casual observer, moreover this is your first post here. You do admit you don't have good intentions, and you honestly judged me like I was a piece of garbage, I haven't had anyone been so disrespectful and offend me as low as you have. You like feeling superior, mocking ppl huh and I'm just one of your victims. I dare you to apologize to me on this thread.
junggle
post May 22 2012, 11:12 PM

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QUOTE(SereneAshley @ May 22 2012, 12:26 AM)
Hmm..i thought that i could do both papers..but now i think i might have to drop F7 for good, the exam date is coming so fast, actually quite worried coz the adjustments for F7 is extensive and rather complicated. Scared i can't catch up studying for both papers.

I think i better put full concentration on passing F4 instead.


Added on May 22, 2012, 12:29 am

Hey there, have u gone through all your revision class for F4 yet? Do u want to compare notes and see whether our lecturers tips have similarities or completely different?
*
I think Nothingz's advise on studying F4 would be good.
don't question spot since the questions are really limited.
Try to compile the pyp (Q1 to Q7) into 5 categories: Malaysia legal system, contract & tort, agency, employment and company and try to memorize them.
For the last 3Q, contract would not be a problem if you have the knowledge from PYPs (Q1 to Q7)
But company... just do as much as possible LOL
My lecturer says the probability for partnership to come out this sem is really low, but it's unpredictable.
And my lecturer says that sometimes the examiner would throw in some questions which are very unique (require very specific knowledge) or has never come out before but they won't form too much of the marks.
My lecturer also tell us not to question spot and advise us to study the whole syllabus.
If you really want to hold on something one day before the exam, this can be his advice:
Malaysia legal system : Subsidiary legislation
Contract : Consideration, classification of terms.
Employment : Due inquiry, laid off, redundancy (if main stream comes out) but he says something unique will come out on this (right of the employees)
Agency : Duties of agent towards principal
Partnership : If really does come out, he believes will be characteristic
Company : scheme of arrangement, ultra vires, promoter, fraudulent trading, wrongful trading, variation of class rights
However, use it as your own risk LOL

Really can't stand the volume of syllabus of company =='''

F5 is killing me too... The new examiner is a beast!!!

misspenguin
post May 22 2012, 11:28 PM

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hi people, i think, instead of typing, ranting here,
why dont you save your few minutes typing here, go study?
imagine one min per post? i wonder how much time you have wasted yet you are stress cause not much time to study.
cheers smile.gif
junggle
post May 22 2012, 11:36 PM

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QUOTE(misspenguin @ May 22 2012, 11:28 PM)
hi people, i think, instead of typing, ranting here,
why dont you save your few minutes typing here, go study?
imagine one min per post? i wonder how much time you have wasted yet you are stress cause not much time to study.
cheers smile.gif
*
We need to release our stress!!! LOL biggrin.gif biggrin.gif
hrevijay
post May 22 2012, 11:40 PM

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QUOTE(junggle @ May 22 2012, 11:12 PM)
I think Nothingz's advise on studying F4 would be good.
don't question spot since the questions are really limited.
Try to compile the pyp (Q1 to Q7) into 5 categories: Malaysia legal system, contract & tort, agency, employment and company and try to memorize them.
For the last 3Q, contract would not be a problem if you have the knowledge from PYPs (Q1 to Q7)
But company... just do as much as possible LOL
My lecturer says the probability for partnership to come out this sem is really low, but it's unpredictable.
And my lecturer says that sometimes the examiner would throw in some questions which are very unique (require very specific knowledge) or has never come out before but they won't form too much of the marks.
My lecturer also tell us not to question spot and advise us to study the whole syllabus.
If you really want to hold on something one day before the exam, this can be his advice:
Malaysia legal system : Subsidiary legislation
Contract : Consideration, classification of terms.
Employment : Due inquiry, laid off, redundancy (if main stream comes out) but he says something unique will come out on this (right of the employees)
Agency : Duties of agent towards principal
Partnership : If really does come out, he believes will be characteristic
Company : scheme of arrangement, ultra vires, promoter, fraudulent trading, wrongful trading, variation of class rights
However, use it as your own risk LOL

Really can't stand the volume of syllabus of company =='''

F5 is killing me too... The new examiner is a beast!!!
*
Its probably irrelevant now but imho your study strategy was incorrect. You should've started with company as it constitutes the biggest portion of the syllabus. I don't blame you. Even my own lecturer only started teaching it midway through April, which I find to be very counter productive. You want to be able to get the biggest chunk out of the way first before attempting the smaller parts.

I agree with you about Ann Irons though. She has really changed the structure of the paper. It's a lot more theoretical now and I find that quite discomforting.
nick67
post May 22 2012, 11:50 PM

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Think everyone should just take it easy yo! Don't stress yourself out ladies and gents smile.gif
junggle
post May 23 2012, 12:04 AM

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QUOTE(VijayHari @ May 22 2012, 11:40 PM)
Its probably irrelevant now but imho your study strategy was incorrect. You should've started with company as it constitutes the biggest portion of the syllabus. I don't blame you. Even my own lecturer only started teaching it midway through April, which I find to be very counter productive. You want to be able to get the biggest chunk out of the way first before attempting the smaller parts.

I agree with you about Ann Irons though. She has really changed the structure of the paper. It's a lot more theoretical now and I find that quite discomforting.
*
How many papers are you taking?
Because I started my revision very late.
I only realised how difficult ACCA is until my class test 1 month ago...
Blame it on the changing of FIA's examination to MCQ =='''
Now I just concentrate on F4 & F5 and gave up F6 lol.

I think the most discomforting is that my lecturer skips lot of the syllabus which he think might not come out because they never come out e.g. performance measure of non-profit organisation, market demand and so on.
Really hope like what he said it will not come out... Zz
hrevijay
post May 23 2012, 12:17 AM

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QUOTE(junggle @ May 23 2012, 12:04 AM)
How many papers are you taking?
Because I started my revision very late.
I only realised how difficult ACCA is until my class test 1 month ago...
Blame it on the changing of FIA's examination to MCQ =='''
Now I just concentrate on F4 & F5 and gave up F6 lol.

I think the most discomforting is that my lecturer skips lot of the syllabus which he think might not come out because they never come out e.g. performance measure of non-profit organisation, market demand and so on.
Really hope like what he said it will not come out... Zz
*

I'm taking F5/F6. I feel sad for you that your lecturer skipped parts of the syllabus. Regardless of whether it comes out in the exams, lecturers have a duty to teach it. They fail to understand that we're learning not just to pass exams, but to apply it in work in the future. I'm very thankful for the fact that my lecturer covered the entire syllabus thoroughly. He did differentiate topics which were exam important and those which were not, emphasizing on the important parts. Nevertheless he covered the entire syllabus.
junggle
post May 23 2012, 12:28 AM

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QUOTE(VijayHari @ May 23 2012, 12:17 AM)
I'm taking F5/F6. I feel sad for you that your lecturer skipped parts of the syllabus. Regardless of whether it comes out in the exams, lecturers have a duty to teach it. They fail to understand that we're learning not just to pass exams, but to apply it in work in the future. I'm very thankful for the fact that my lecturer covered the entire syllabus thoroughly. He did differentiate topics which were exam important and those which were not, emphasizing on the important parts. Nevertheless he covered the entire syllabus.
*
Taking 2 papers? you working?
Did your lecturer give any tips on F6?? lol
Whatever, even he taught it i don't think i have the time to revise them.
But somehow feel insecure... T.T
IF it really does come out, blame it on my luck. lol
hrevijay
post May 23 2012, 12:36 AM

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QUOTE(junggle @ May 23 2012, 12:28 AM)
Taking 2 papers? you working?
Did your lecturer give any tips on F6?? lol
Whatever, even he taught it i don't think i have the time to revise them.
But somehow feel insecure... T.T
IF it really does come out, blame it on my luck. lol
*
Yup. Btw there's not much room to play around with in the F6 paper. The template is pretty much constant. 1st and 2nd Qs will be corporate/personal tax, 55marks. Indirect taxes guaranteed 10marks. Balance 35marks could consist of a combination of smaller topics. IINM, WHT and Partnership came out last sitting. So could be residence, derivation or RPGT for this one.


Added on May 23, 2012, 12:40 amBtw regarding tips, he did mention employment income, S13(1)(b) and Sch. 3 Allow(IBA) having high likelihoods of popping out this time.

This post has been edited by VijayHari: May 23 2012, 12:40 AM
junggle
post May 23 2012, 10:36 AM

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Struggling with planning & operational variance.
Must material price planning variance + material usage planning variance = total material planning variance?
If this is the case then the material price planning variance + material price operational variance =/ the material price variance... ==

This post has been edited by junggle: May 23 2012, 10:38 AM
hrevijay
post May 23 2012, 11:10 AM

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QUOTE(junggle @ May 23 2012, 10:36 AM)
Struggling with planning & operational variance.
Must material price planning variance + material usage planning variance = total material planning variance?
If this is the case then the material price planning variance + material price operational variance =/ the material price variance... ==
*
Material Price Variance(MPV) + Material Usage Variance(MUV) = Material Cost Variance.

Im not sure what your symbols mean but i assume you're implying they do not equate. IINM, the reason they don't is because you're using the CIMA method. It only balances if you use ACCA method, for which the answers of MPVplanning and MUVoperational will differ as they need to worked out differently.
junggle
post May 23 2012, 12:08 PM

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QUOTE(VijayHari @ May 23 2012, 11:10 AM)
Material Price Variance(MPV) + Material Usage Variance(MUV) = Material Cost Variance.

Im not sure what your symbols mean but i assume you're implying they do not equate. IINM, the reason they don't is because you're using the CIMA method. It only balances if you use ACCA method, for which the answers of MPVplanning and MUVoperational will differ as they need to worked out differently.
*
I'm doing Secure Net (12/09 Q1)
(a) The total material price variance is 4375(A) and the total material usage variance is 2000 (F).
(b) The examiner answer: The planning price variance is 3360(A) and the operation price variance is 1575(A). Total up would be 4935(A) which is different from the total material price variance in Q1(a).
And so are the planning usage variance and operation usage variance, which total is 2560(F). this is also different from Q1(a)'s total material usage variance.
However, if you sum them up, 4935 (A) + 2560 (F) = 2375 (A), which is equal to the material cost variance (4375(A) + 2000(F) = 2375(A)
nothingz
post May 23 2012, 12:18 PM

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for F6 and P6, put some concentration on those latest amendments in budget 2011. such as rental income under 4(d) is now 1 source of income regardless of how many properties as per the public ruling 2011, the criterias to determine whether the rental income should be assessed under 4(a) or 4(d) have been amended too

This post has been edited by nothingz: May 23 2012, 12:21 PM
hrevijay
post May 23 2012, 01:13 PM

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QUOTE(junggle @ May 23 2012, 12:08 PM)
I'm doing Secure Net (12/09 Q1)
(a) The total material price variance is 4375(A) and the total material usage variance is 2000 (F).
(b) The examiner answer: The planning price variance is 3360(A) and the operation price variance is 1575(A). Total up would be 4935(A) which is different from the total material price variance in Q1(a).
And so are the planning usage variance and operation usage variance, which total is 2560(F). this is also different from Q1(a)'s total material usage variance.
However, if you sum them up, 4935 (A) + 2560 (F) = 2375 (A), which is equal to the material cost variance (4375(A) + 2000(F) = 2375(A)
*
IINM this paper was during Geoff Cordwell's time. He introduced the CIMA method which is what this answer is based on. If you look at the bottom of the answer, you'll notice a note saying any other method applied consistently will score full marks. This refers to the old ACCA method. 

Anyways, just to help you out, ACCA method works out MPVplanning and MUVoperational differently, as follows : 

MPVplanning:
(4.8-4)x 3500=2800(A)

MUVoperational:
(4200-3500)x4=2800(F)

So using revised values:

MPV=2800(A)+1575(A)=4375(A)

MUV=2800(F)+800(A)=2000(F)

Hopefully this clears your doubt. 

This post has been edited by VijayHari: May 23 2012, 02:24 PM
junggle
post May 23 2012, 01:32 PM

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QUOTE(VijayHari @ May 23 2012, 01:13 PM)
IINM this paper was during Geoff Cordwell's time. He introduced the CIMA method which is what this answer is based on. If you look at the bottom of the answer, you'll notice a note saying any other method applied consistently will score full marks. This refers to the old ACCA method. 

Anyways, just to help you out, ACCA method works out MPVplanning and MUVoperational differently, as follows : 

MPVplanning:
(4.8-4)x 3500=2800(A)

MUVoperational:
(20160-16800)x4=2800(F)

So using revised values:

MPV=2800(A)+1575(A)=4375(A)

MUV=2800(F)+800(A)=2000(F)

Hopefully this clears your doubt. 
*
That's what my answer was!!!
So both methods are right? Even if their total planning & operational variance are different???
hrevijay
post May 23 2012, 01:47 PM

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QUOTE(junggle @ May 23 2012, 01:32 PM)
That's what my answer was!!!
So both methods are right? Even if their total planning & operational variance are different???
*
Yes. Correct smile.gif
junggle
post May 23 2012, 01:50 PM

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QUOTE(VijayHari @ May 23 2012, 01:47 PM)
Yes. Correct smile.gif
*
Finally, waste my whole morning to understand why it's different rclxub.gif rclxub.gif
Million thanks ya notworthy.gif notworthy.gif
hrevijay
post May 23 2012, 02:20 PM

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QUOTE(junggle @ May 23 2012, 01:50 PM)
Finally, waste my whole morning to understand why it's different  rclxub.gif  rclxub.gif
Million thanks ya  notworthy.gif  notworthy.gif
*
Np
~ATI4LIFE~
post May 23 2012, 06:21 PM

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guys please help......is foundation in arts hard?.....i registerd in utar ady...my classes starts next week.....im from science stream...so will it be hard for me sad.gif

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