Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
8 Pages « < 2 3 4 5 6 > » Bottom

Outline · [ Standard ] · Linear+

Business ACCA V8, Global Body for Professional Accountants

views
     
frodo baggin
post Mar 10 2013, 11:07 PM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


QUOTE(IMF @ Mar 10 2013, 09:11 AM)
There's no harm trying.
*
I would believe the book vouchers are for bookshops. EliteJaya is a college, not a bookshop - don't think they want to get into the hassle of sending the claim to government and get back the claim. If you have free time then go check them out, not a problem.
I believe that BPP books should be available in MPH or Sunway College IBS bookshop (would be the cheaper option). Just drop by the bookshop in Sunway which is located near the cafeteria to get the books (morning 9am to 5pm)- not sure about the price - at least the RM250 can be useful.

frodo baggin
post Mar 11 2013, 12:37 AM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


How many are interested in studying P6 UK in Malaysia? Is there a large crowd?

This post has been edited by frodo baggin: Mar 13 2013, 04:58 PM
frodo baggin
post Mar 11 2013, 09:35 PM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


QUOTE(Propernormal @ Mar 11 2013, 01:45 PM)
Hi Guys,

I need some assuarances. I dont have a degree just Form 6 but have finished 13 papers in ACCA so far. Now, im studying for P6(UK) on my own since Jan.

I believed finishing ACCA would give me a better chance in getting a job anywhere with good salary increment over time.

But i'm not sure whether me not having a basic degree would jeopardise this chance.

Is it enough to have just an ACCA qualification to work in Malaysia , Singapore , Australia or do i have to finish a degree after ACCA?

Unfortunately , i'm not young though!

And Mr.Hrevijay,
I read you're studying at Kaplan UK atm. Do you know whether the lecturer for P6 UK is good? I intend to purchase the online revision classes but the fees are quite high. 

Thank you.
*
Can you clarify why you are doing P6 (UK), are you going overseas? If you plan to do your taxation in Malaysia, it would be better to do P6 Malaysia. If you are looking for a challenge, then P6 (UK) is excellent since the (Malaysia) version is reasonably easier. I loved it when I did P6 (11) UK, it really brings out the consulting mindset.

Try buying the BPP / Kaplan online solution, I read in the UK forums, that was a better choice compared to LSBF.

In terms of getting a good salary and job - you have to make sure you get the right experience track and brand name in terms of employment. If you had to hire an accounting staff - which would you prefer - 3 years in Big 10 firm or 3 years in a firm that is not known?

Branding yourself with the right experience and employment history goes far in the corporate world, unless you have cables. Then it is a different story.

frodo baggin
post Mar 20 2013, 06:39 PM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


QUOTE(boyzbe @ Mar 20 2013, 01:34 AM)
Hi guys,

i was lately noticed that the MQA doesnt recognize the acca student from FIA, which means even i was finished ACCA, i cant even work in malaysia.
i passed 8 papers in CAT but fail in t10 so i directly go to F lvl since they had the exemption at that moment.
And now i had completed F lvl except F9 and taking P2 at this semester. i was like stucking in d half way i duno what to do! Since the MQA doesnt recognise the FIA student then why malaysia tuition provider want to provide the exemption (FIA direct to ACCA lvl2)?
Does any one had the same experience like me?
HELP pls..
*
Since you finished 8 papers in ACCA, that means you can request for a CAT certification from ACCA via backward credit exemption - that is possible since F8 is higher than T8, F6 is higher than T9 and F9 is higher than T10. Make the request that you want to have a CAT certificate from them - settled.

There is a truth in the fact that MQA recognition for ACCA is more relevant for Government jobs rather than Private sector.

Hope that helps.

About the book voucher - well integrity would imply that you should not accept one of the vouchers but on the other hand, if you accept it and later it catches you, you have a problem.

Actually this is happening since you are only suppose to be in 1 college - the government thinks that a student will only study one college at a time doh.gif

This post has been edited by frodo baggin: Mar 20 2013, 06:41 PM
frodo baggin
post Mar 28 2013, 12:14 AM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


QUOTE(zeronova @ Mar 24 2013, 11:34 AM)
anyone mind explaining exemptions?
*
Exemptions are awarded by ACCA directly and not by the colleges. Many outside feel that it is the college - nope, it is always ACCA.

Standard exemptions for students:
Diploma in Business gets 1 exemption to do ACCA (FAB)
Diploma in Accounting gets 3 - 5 paper exemption, depends on the qualification - check at ACCA exemption database
Degree in Accounting usually gets 7 - maximum 9 papers exemption - check with ACCA
If you have franchisee degree - then you must clearly stipulate the degree, codes may differ resulting in different exemption.
If you had passed a required paper using resit, there is a chance the exemption can be withdrawn for that paper.

Other qualifications - may get 1 or may get nothing - depends on how ACCA rates the qualification.

Hope that helps

This post has been edited by frodo baggin: Mar 28 2013, 11:17 AM
frodo baggin
post Mar 28 2013, 12:28 AM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


QUOTE(Tapiaco @ Mar 23 2013, 10:06 PM)
hey guys, just to double confirm. Those taking P2 this semester, is there any changes from dec 2012 sitting? I've checked the study guide and saw no changes. I'm self studying right now. So can anyone help me by telling any syllabus mentioned by any P2 lecturer?

Thanks guys!!!
*
No worries - there is no major change. Just watch out for IFRS 9 Liabilities this time around. Current issues would also be narrowed down to IAS 39 Hedging + Offsetting + any of the older ED that was examined in 2009 to 2010

There is always the saying that Q1 - Cash flow and Profit or Loss would come out - study all 3, that is what everyone did last time. Hope for cash flow and SOFP came out cry.gif


frodo baggin
post Mar 28 2013, 01:04 AM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


QUOTE(adrianzz @ Mar 27 2013, 09:42 AM)
Hey guys, any idea which lecturer or place is recommended for F5 IRC? Location around KL and PJ area. This semester is my 2nd attempt.. I got 42%. Any advices on F5? Thank you.
*
Consider Laurence KDU + Help, Arshad Inti + FTMS, Ian Elite Jaya, Akhbar Sunway, Andrew Pang Kasturi KL, Shew Leng Kasturi PJ, Annie FTMS, Low Chin Ann Kolej Bandar.

In terms of Colleges that offer ACCA
in KL
Kasturi (F & P)
Kolej Bandar
PAAC
Elite Jaya (F & P)
Help

in PJ
Inti (Full time only)
KDU (Both)
Sunway (Full time and weekend only)
Kasturi (Full time and part time)
Taylor lake side (part-time only) whistling.gif

Uni's a prohibited from offering ACCA by Malaysian Govt regulation - so NO uni's are offering ACCA officially (except for Sunway, which has both the college and uni in the same place rclxub.gif . Those that are offering are either closing it down or moving it somewhere else!

There could be others colleges out there
frodo baggin
post Apr 1 2013, 12:47 AM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


QUOTE(jerryhao @ Mar 28 2013, 08:35 PM)
no Uni are offering ACCA official?
but in my memory KDU ,Taylor ,Inti and help should be Uni right?
am i wrong? rclxub.gif
*
Uni not allowed to offer ACCA. That is why Taylor is moving it out from lakeside. UCSI is based outside their uni in a shop lot.

Colleges are allowed to run ACCA by MOHE and MQA.
frodo baggin
post Apr 5 2013, 12:10 PM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


QUOTE(jcey @ Apr 5 2013, 02:18 AM)
WHere do you all usually take the
P1 P2 P3 classes? And my english not so good ~ should i go for english class before sit for ACCA?
How if I go for internship at big4? Can provide me some advice? Plssss ~ Thx
*
You can take the P1 - P3 papers in any college, just consider what you want and what fee you can afford to pay.
Colleges which offers this :
Inti Subang (PJ)
KDU (PJ)
Sunway PJ
Elite Jaya (KL)
Kasturi (KL/PJ)
TAR college (KL)
MARA Shah Alam (bumi only)
HELP CAT (KL)
FTMS (KL)

About english I would suggest that you do the ACCA free english course that is available online to ensure that your language and maths is adequate to pass the papers.

I have reviewed those materials and belief it is very strong for your needs. You can sign up even without becoming an ACCA member - http://studentvirtuallearn.accaglobal.com/

Going for Internship is a good idea, since it does give you some practical experience, which would probably make things easier to understand (it is not 100% needed).

Going to internship - be careful that you don't get disillusioned by the work or the way you were treated - some internship positions, you could get "supervisor or seniors from HELL" whose only joy is to see you suffer. This could make you hate what ever area that you have interned in.




frodo baggin
post Apr 12 2013, 03:39 AM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


QUOTE(Starleo1212 @ Apr 9 2013, 07:32 PM)
Hello.I just started acca and have some doubts.Is the OBU degree recognized?Like if I wish to join other big companies other than accounting firm using this degree,do they accept it?
*
Yes recognised since it is uk validated. All the big 4 pays the same salary to obu holders just like other more expensive degrees

So go for it. Make sure you opt in before F7, F8 and F9 is done.
frodo baggin
post Apr 12 2013, 03:47 AM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


QUOTE(shiling87 @ Apr 10 2013, 10:13 AM)
For P2 paper, except Ms Menon, is Mr Yap Kok Wah a good lecturer?? Thanks
*
In the market for klang valley got
Spencer
Joe Fang
Nafzar
Mary
Jay & Dee
Yap
Menon
Haneef if you failed before since his is catch up class and not the full load.

Each has their own way and approach. Some strong in consoles, others in ifrs and some are balanced. Some are number based and others are theory driven.

Is Yap good?
Some really like his thumbup.gif style and some hates rclxub.gif it, which is the same for all the lecturers, depends on what you want and need.

This post has been edited by frodo baggin: Apr 12 2013, 03:53 AM
frodo baggin
post Apr 19 2013, 03:32 PM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


QUOTE(junggle @ Apr 10 2013, 02:08 AM)
Any tips on studying P1?? I have paid the exam fee but I haven't started studying it yet. ==
*
Read all technical articles and do all pyq. Good luck
Some free notes available if you type p1 acca notes in google
frodo baggin
post Apr 24 2013, 08:31 PM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


QUOTE(puppetboy @ Apr 20 2013, 06:15 PM)
I thought government didnt recognize OBU degree.
At least this OBU applied accounting degree didnt appear in JPA database.
*
The qualification is awarded by a university in UK that has been vetted by QAA, which is the equivalent of MQA. Review of eSISRAF will tell you that many of the qualifications that are awarded by foreign universities are not in the JPA portal. Check out the qualifications for HARVARD UNIVERSITY, CAMBRIDGE, MASSACHUSETTS, it will only show BA - only one qualification available. This does not mean that MBA from there is not recognised, just that it has not been included by JPA.

The basic rule of the thumb is that a qualification that is recognised by the country that awards the qualification, is a valid qualification at the level stipulated.
This is a principle based approach adopted by JPA since they cannot be expected to verify all the qualifications of the world - it would be a waste of public resource.
Those that are in there is probably there since JPA sent students there for studies.

A degree is a degree, the outcome of a degree is measured by whether you can get a job and do the job.

Hope that helps

frodo baggin
post May 15 2013, 11:51 AM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


QUOTE(junggle @ May 12 2013, 03:54 PM)
Guys, help needed for F8.
I was practicing PYQ but found that my answers were always different from the suggested solutions…
For example:
06/11 Q1. Tinkerbell
Each customer has a unique customer account number and this is used to enter sales orders when they are received in writing from customers. The orders are entered by an order clerk….

Test of controls
Suggested solution : Enter an order for a fictitious customer account number and ensure the system does not accept it – to ensure that orders are only accepted and processed for valid customers.

But when I first saw the question, what came into my mind was : For a sample of sales order entries, agree the customer account number entered to the related sales orders – to ensure that the order clerk correctly allocate sales order to the related customer.

And I’m struggled whether mine is correct or not. What do you guys think?
*
Order clerk allocating the sales to related customer is not a control - it is information processing.
System rejects orders from invalid customer - that is an application control. This question was actually different from the previous control question (Seelay) in that it has more computer based controls.

If you want to study for last minute revisions, you can try out the espresso classes at http://jprotraining.blogspot.com/2013/05/a...course-for.html


frodo baggin
post May 28 2013, 07:01 PM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


Paper spots are available at PQ Magazine where all the colleges spot their prediction for all ACCA papers, except for Malaysian tax and law papers.
Try this link below
http://edition.pagesuite-professional.co.u...7d-1c8ec6502c97
page 14 and 15 is great since you get the feedback from the examiner from someone who attended the seminar in Nottingham recently. The archive has the feedback from F8, F7 paper examiner.

On pages 17 to 20 is the tips from all the providers.

My thoughts on the tips are - some are quite reasonable and can be useful. Some are just covering the whole syllabus.

This is my thoughts

Those preparing for P7 - make sure you are familiar with you accounting standards and principles since this time it would be audit risk / risk of MM which is high chances
Those preparing for P3 - make sure your overhead analysis knowledge is reasonable.
Those going for P1 - well better know about the latest COSO and stop quoting the CC, it is outdated already, it is called UKCGC. Your examiner likes risk and the most recent risky event was Fukushima incident under TEPCO Japan. Read all the articles to date.
Those that are doing F8 - Cash, remuneration, NCL, OM, EOM, OI looks interesting - but the spotter are right for this paper - study everything a bit.
P2 - Groups cover everything even when everyone says P&L or Cashflow is likely. IFRS 11/12 and Hedge is popular this time. Make sure you know the problems of hedge accounting before you go in. Read the examiner article.
F5 - the examiner likes TOC and probably would be asking something from the new syllabus area (pricing + decision making) I would belief that the above is just some areas that are worthy of studying harder.
P5 - examiner wants you to know your verbs properly - performance models, ZBB and Transfer pricing is really hot this time around.

ACCA has revised the website recently and has added exam techniques for each paper. P2 ACCA has Ashanti question which is quite good. F8 has 2 ACCA official youtubes - NOW that NOTE you bought will finally be useful for your studies. My suggestion is to review them - they are very well done.

Well hope that helps for students preparing for the exams. Good luck! thumbup.gif

This post has been edited by frodo baggin: May 28 2013, 07:12 PM
frodo baggin
post May 30 2013, 08:28 PM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


QUOTE(vin99 @ May 30 2013, 12:12 PM)
How to pass P7? This attempt will be the forth times already T,T.. still no confident though..
*
Have you mastered all the IAS and IFRS - can you be critical on the usage.
frodo baggin
post Jun 8 2013, 11:08 PM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


QUOTE(tokdukun @ Jun 8 2013, 01:38 AM)
Guys, I've been focusing too much on other papers, feel so underprepared for p2, I'm thinking of deferring it to next sitting sad.gif

I heard can take mc, then can defer without paying for exam fees, how should i do it? Just normal mc from any clinic can? Or need more than that? Thanks
*
Yes it does work thumbup.gif but you will need a medical report rclxub.gif from the doctor (MC may not be sufficient - though some students have even used MC before. This was always possible for CIM examinations, for ACCA it is possible. Many have done it before. If you break you leg / get food poisoning on the exam day cry.gif , you will be allowed to forward the exam fee to the next semester.

P2 you need to do well on the ethics question + Q4 + consolidation, chances of passing can be high. Gamble it by just taking a few standards and consolidation + hedge, who knows you could get lucky. icon_idea.gif

Hope that helps.

This post has been edited by frodo baggin: Jun 8 2013, 11:13 PM
frodo baggin
post Jun 10 2013, 05:31 PM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


Those that are doing P2 - focus area for Q4
http://acca-p2.blogspot.com/2013/05/spots-...-p2-mr-jay.html

Remember, using spots is not a good idea - remember what happened in Sunway 2 semester ago - suit of 5 never came out and all those that bet on it felt really miserable. Same thing happened last semester for Cash flow, did not come out - most of those that went in with only CF = BUNGKUS!.

Obviously if you have not prepared, then spotting is better than trying to study everything before going in - it's too late to get that world prize. Just aim for 50 marks

This is how
Q1 Get the 6 marks from ethics (it is usually a standard + something ethical)
Q1 Get 6 marks from goodwill + 5 marks from NCI + 4 marks from NCA + 4 marks from IFRS 2 computation
Q1 Discussion question - get 4 marks from discussing a standard (use the conceptual framework to guide you)
Total : 24 marks

Q2 Get about 6 marks from IAS 37 + Get another 3 from deferred tax + IAS 19 Get 5 marks
14 marks

Q4 Get 15 marks (hope for the right thing to come out)
15 marks

Make sure you get the professional marks - HOW?
Start and end the question
Make sure you use headers

Total marks : 53 marks

Another point - many students are confused about professional marks - it is not about writing in essay form (that is only for P1 Q1 last part. Every other location use short direct answers. If you don't trust me - listen to one of the writers in SA. http://www.accaglobal.com/content/dam/acca...sa_oct10_P2.pdf. Review the assessment of the question and look at how to write for P2 examinations. I think that those that did not see this may have been writing essays out... or trying to follow the P2 examiner recommended answer (which is really horrible and not exam friendly)

Do not over-write, just get to the point.

This post has been edited by frodo baggin: Jun 10 2013, 05:35 PM
frodo baggin
post Jun 11 2013, 11:10 AM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


Good luck for those going into P2 today.

Guys I just saw the Dec 2014 sample papers for F level, all of them will have 20 MCQ worth 40 marks. The balance is written. I suppose this would make ACCA F level much easier and very comparable to degree, since the usual scare for doing ACCA is that it is tough.

The juniors will probably benefit a lot.

On F7, I had a student that only studied Q1 - 3 and pass 67 out of 75 marks. He later failed P2 many times since he was focusing only on the computation side of F7, not the standard side. The calculations alone would allow you to get 50 marks.

This post has been edited by frodo baggin: Jun 11 2013, 11:10 AM
frodo baggin
post Jun 11 2013, 04:22 PM

Casual
***
Junior Member
381 posts

Joined: Aug 2012
From: Shah Alam


QUOTE(nick67 @ Jun 11 2013, 02:23 PM)
I guess this will make the pass rates significantly improve for the F level. But it makes me wonder how will they fare when they advance to the P level where it's all written and much more difficult.
*
They won't be that bad - you should know that currently most of the degree students that are coming into ACCA, half their examination was a project (cut and paste) rclxm9.gif and some group presentation (where only one person does the work cry.gif and others watch cool2.gif the presentation and get a credit for the one person's work) - this "degree" students are still making in through ACCA icon_rolleyes.gif

I would say that it would better since more people may actually opt for ACCA direct rather than go through the degree which is usually a rip off - one paper usually cost from RM2000 - RM3500 shocking.gif , compared to ACCA papers, which cost RM 700 - RM1500 thumbup.gif

This way, it is staggered F1 - F4 100% MCQ, F5 - F9 40% MCQ + 60% Written, OBU (Research + Written 100%), P1 - P7 100% Written = Graduate accountant + 3 years work rclxub.gif = Chartered Accountant + another 5 years rclxub.gif rclxub.gif = Hopefully successful!

This post has been edited by frodo baggin: Jun 11 2013, 04:31 PM

8 Pages « < 2 3 4 5 6 > » Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0486sec    0.35    7 queries    GZIP Disabled
Time is now: 9th December 2025 - 07:17 AM