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Business ACCA V8, Global Body for Professional Accountants

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frodo baggin
post Feb 12 2013, 01:57 AM

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Those considering for P7 and P5 resit do check out jpro business training.
WWW.jprotraining.blogspot.com


frodo baggin
post Feb 15 2013, 12:13 AM

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QUOTE(Mary-Ant @ Feb 14 2013, 06:10 PM)
Hello everyone. Need your guidance on this. Failed P6 for the 3rd time. Din really finish the syllabus for the last sitting. Thought of switching to P4. So, issit advisable? I mean, which is easier to self-study and pass? P4 or P6? Should i stay with p6 or should i change to p4? I really need to pass this sitting. Please advise me. Thank you very much! smile.gif
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The grass always looks greener on the other side. If you really want to switch the paper, give it a full try. I remember 2 student that switched from P6 to P5 thinking it is easier. One passed on the first attempt and the second took 3 attempts. Both shifted after 2 attempts P6 under the old examiner RT.
The one that took it 3 times had to completely study the syllabus before passing, it was not enough just attending the classes, you have to do your own work.

A few of the world prize students also shared this secret - they make their own notes from the past year paper and class notes.

So before jumping over, give P6 your fullest effort and if you still cannot, you can be justified at looking at other alternatives.


frodo baggin
post Feb 15 2013, 12:29 AM

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QUOTE(User99 @ Feb 13 2013, 02:43 PM)
It is possible, ACCA has many entry routes. However, since you have no accounting background, it is unlikely you'll be exempted from any papers. You should check ACCA's web for more info.
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Take the PWC route - I belief that is a better route compared to being indecisive now. Focus on your current degree, get good grades and make sure you can be taken up by PWC route - you will be given an option for ACCA OR ICEAW.

Only catch is the bonding period, but if you don't mind that - it should be ok.

You probably will not get any exemptions.


frodo baggin
post Feb 15 2013, 12:34 AM

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QUOTE(hurly @ Feb 13 2013, 07:54 PM)
just a bit off topic, can anyone tell me the salary for ACCA grad in an  audit firm and in a non audit firm? i feel like i have been offered a really low salary.
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Salary for big 4 is 2.8k
Salary for the next top 6 firms range in 2.3k to 2.6k except for BDO who can pay 3k starting.
Small firms pay 1.2k to 2k for the same qualification

Stress is correlated positively with pay with exceptions of some small firms.
Working in consulting could be less stressful compared to audit (those out there confirm this?) since this is based on feedback of 4-5 people in consulting.
frodo baggin
post Feb 15 2013, 12:47 AM

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QUOTE(Kaerna @ Feb 8 2013, 06:43 PM)
Well, for the 7th (yes you read it, 7th!) time I failed P7 as my last paper. Been attempting P7 as my final paper since 2009...

I'll probably request an administrative review and quit ACCA for good to start a proper degree course. Relying my career progression on ACCA has hold me back tremendously since most employer doesn't recognize partial completion and OBU lower 2nd.

I know the encouragement of always not giving up and eventually I'll pass...It just isn't working for me, the 3 years of taking this 'not giving up' attitude (and 3 cases of borderline 49 marks for P7)

Thanks for the ride ACCA....I think I'm just not cut for it...Just tired...

Congratulations to those that pass though  smile.gif
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To pass P7 you also need P2 now. If you had been studying it for so long, it means that you may be going in with only P2 knowledge from past papers which is inadequate. You should either try to update your P2 and then do P7 or try another optional.

Getting a 2nd lower is not that bad, since I know someone who got into EY with a 2nd lower with the basic any degree holder gets. So the view that a 2nd lower is not recognised is a faulty. There are many cases where 2nd lower is accepted. So don't waste time doing another degree - there is no gurantee that it would turn out better.

Don't despair, you can only "connect the dots going forward" Steve Jobs
frodo baggin
post Feb 15 2013, 01:13 PM

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QUOTE(silentweirdo88 @ Feb 14 2013, 01:36 PM)
Hi everyone,
I finished my FIA but I forgot to opt to transfer to the ACCA qualification automatically, so now I need to pay a fee and do it manually, anyone here ever transfered to ACCA qualification manually? Mind to share how you did it?
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Call ACCA Malaysia and not UK direct since Malaysian students have a special option for transferring into ACCA.
frodo baggin
post Feb 17 2013, 09:06 AM

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QUOTE(User99 @ Feb 17 2013, 02:14 AM)
I don't think anyone can recommend the 'better' lecturer for you. Different lecturers have different teaching method/ style and these different styles suits different students. However, there is a list of recommended lecturers on the first post but I'm not sure whether its up-to-date.

But I'd like to add something, you failed both papers twice, and I assume you were under different lecturers for each of these papers. Have you considered that maybe the reason that caused you to fail wasn't your lecturers and the problem was in fact you? Have you asked yourself why did you fail your papers, was it because you lack preparation? Or wrong study method?
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The advice given here is extremely sensible. Usually the approach of study and attitude towards the paper may be the true culprit.

I would suggest that you do a more reflective look at your approach to exams. Different lecturers have different styles. For F5 there is Laurence in KDU, Arshad in Inti, Akbar in Sunway, Ian in Elite Jaya, and Tee. Each has their own style.

For F6 anyone is usually OK, the paper is a bread and butter paper for most of them.
frodo baggin
post Feb 20 2013, 02:58 PM

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QUOTE(lwk1988 @ Feb 20 2013, 10:36 AM)
You should check with ACCA Malaysia or email to ACCA UK to get more info
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Nope, it is not possible to skip. You have to do P2, P7 and put P3 in gamble mode.


frodo baggin
post Feb 20 2013, 03:04 PM

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QUOTE(EVA MENDES @ Feb 20 2013, 11:47 AM)
I've been thinking of taking ACCA. I'm currently working. I have no accounting background in both education and work.

No issues as long as you have adequate maths and English.

1. may i know which institution is good and affordable for me to study ACCA on full time basis?

Most are OK. Look for ease of access.

2. to do ACCA, is it essential to have some accounting knowledge? I have none except for my SPM prinsip akaun.

Nope


3. if i enrol to do ACCA full time, how long do i need to register with the institution? 2 years?

You need to register with an institution for 2:years.

Inti has a knowledge level intake at end of March if you want to do full time.

please advise. thanks smile.gif
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frodo baggin
post Feb 21 2013, 09:41 AM

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QUOTE(Ireferno @ Feb 21 2013, 09:18 AM)
Mary-Ant I've got to add that self studying is really more effective than classes. At least for me lol. Most of my classes were skipped lol when I was still in college
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In the old T5 paper there was a theory called TRAP, theorist, reflective, activist and pragmatic learning style. Each person will have one which is strong and another weaker.

The other way of looking at is VAK model.

One who likes spicy food cannot expect everyone to eat spicy food. So some can skip classes and still pass, other skip classes and continuously fail.

In this case, everyone needs to find their true learning style to ensure that they pass the paper fast. Explore yourself which approach suits your personality. A small change in style usually leads to large changes in final marks.
frodo baggin
post Feb 23 2013, 08:27 AM

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QUOTE(Naj91 @ Feb 22 2013, 11:14 PM)
thanks.really need that.
where can i find video lec?
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I assume you are working in kl?
I would agree with this assessment. The maps are available online in YouTube. Just go there and watch the f8 mind maps
Kaplan is the easiest text to understand. Bpp is comprehensive and finally gtg is for those that have a lot if time.

If you want my suggestion - YouTube + Kaplan + past year papers + revision class + self discipline.

Try Spencer or marcus, Sheila only if you were her student since she uses lots of memory technique that was learnt during her class time.

Hope that helps.
frodo baggin
post Feb 23 2013, 08:34 PM

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Those planning to do acca p7 and p5 on crash course basis in shah alam can try j pro business training. The course is suitable for those that are taking it for first time or repeating. The classes will start in mar but registration is tomorrow.
frodo baggin
post Feb 24 2013, 12:05 AM

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QUOTE(kenn723 @ Feb 23 2013, 11:46 PM)
Part time student also eligible for book voucher right, I asked my uni earlier they have no idea on book voucher but we r getting the card siswa
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Yes all students will get it. It seems that tax payers money is really well spent in ensuring that stationary companies profit is increased.

New news. ACCA is moving to 4 exam sittings per year by Dec 2014. This means that if you don't pass you can "always come, come again". This is a good example of Ansoff - market penetration activity - sell the same thing more to the same people.

This post has been edited by frodo baggin: Feb 24 2013, 12:07 AM
frodo baggin
post Feb 26 2013, 12:20 AM

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Just got feedback from student in uk £630 for full course in P7 in BPP. Only 3 days class and 2 days revision. 7 hours each. shocking.gif shocking.gif

He said Britain is a rip off case for ACCA. But based on that feedback, it seems logical that ACCA moves to exam every 3 months. Suppose that if you fail a paper you will pay 4 times in a year vs. 2 times in a year. Assuming that you cannot pass the paper.

Those that studied in uk, share your class experience. As far as I know, all of them start classes after results. Common approach is 10 - 6 hour class and 3 - 6 hour class for revision.

Fee ranges from £300 - 600.
frodo baggin
post Feb 27 2013, 10:04 PM

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Remember that acca will move to 4 sittings, f1 to f9 will be MCQ. That means more to study and cannot spot, I suppose that it is a way to ensure people don't pass by just spotting.

What do you think? People pass because of spotting, true or false.
frodo baggin
post Feb 28 2013, 08:54 PM

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QUOTE(hrevijay @ Feb 28 2013, 03:25 PM)
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.
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That is pretty detailed information
When did you go there? I have had many students from UK giving feedback. The one that gave the earlier feedback is from BPP UK about the fee, but their contact quality could be supported by elearning materials, so no comments on quality.

Some say that support materials are great - true but they also state that lecture quality varies. In really depends where you study. Heard LSBF is the most dangerous one in UK in terms of support and lectures.

On the over teach I would agree, many teach too much. On the issue of computation - also agreed, many are actually being given false hope by doing so much calculations for P levels. The main skill is analytical and explaining it properly.

Eg. IFRS 9, some took one month of classes to study it using 12 hours per week - wow that is serious over teach . 40 hours +.


This post has been edited by frodo baggin: Feb 28 2013, 09:00 PM
frodo baggin
post Mar 1 2013, 09:34 PM

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QUOTE(x-199Tx @ Mar 1 2013, 02:45 PM)
Source?
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http://accateach.newsweaver.co.uk/Newslett...3865&t=17041404
frodo baggin
post Mar 3 2013, 07:15 PM

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QUOTE(x-199Tx @ Mar 1 2013, 10:26 PM)
Thanks smile.gif But does it apply to current students?

If you have not passed by the time they implement , it will hit you.


» Click to show Spoiler - click again to hide... «


Or only new batch once it is implemented.
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frodo baggin
post Mar 3 2013, 07:19 PM

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QUOTE(~sky~ @ Mar 1 2013, 11:25 PM)
wanna ask seniors here...buying gtg textbooks or bpp textbook better?
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Best bet is bpp, gtg to crowded. If u have 9 months to study - no problem.
frodo baggin
post Mar 7 2013, 10:56 PM

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QUOTE(starz92 @ Mar 5 2013, 04:33 PM)
For previous exams results i believe myacca now has it under your exam report.
As for P1, there shouldn't be much changes.
http://www.accaglobal.com/en/student/quali...s/exams-p1.html
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The 2011 P1 text is adequate but it does not provide coverage for the latest elements that has been included - Bribery Act. There is also an issue with business risk which has been updated within P1, not sure if the P7 business risk has been moved into this part, since the P7 examiner has been silent on that issue since there was an update for P1.

Best thing to do is to download the latest syllabus from ACCA and compare the elements that exist within the text.

Best of luck studying for P1 on your own. Pay attention to the examiners verbs - that is where most of the mistakes takes place on this paper.

This post has been edited by frodo baggin: Mar 7 2013, 10:57 PM

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