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Added on May 16, 2012, 9:21 pm
for me, the best combination is P4 + P7. P4 will help you understand the financial market better, you can do your own investment as well. taking P7 will add more value on your CV, easier for you to gain membership to MIA as well

i got 63 for F9 but i dare not take P4 because of previous comments here, some seniors said P4 is very difficult.  I got 2 friends retake in December 2011 (they passed), i know it is not easy therefore i chose P5.  I thought P5 is easy but never thought after change of examiner, it has become more theoretical, a lot of analysis/application, less calculation. i managed to pass at first attempt too.

the P6 you study has covered most of the Income Tax Act 1967 but certain practical matters still not covered inside and case laws are not included.  Chartered Tax Institute of Malaysia (CTIM) tax papers have 2 parts, 1 of it is specifically test on tax law cases, that really makes you specialise in tax.  one more disadvantage of taking P6 is it is not applicable when you work overseas since different country has different tax laws.  this is also a reason why i did not take P6.  overall if you like tax, you can take P6

out of the 4, my first choice will definitely be P7

CTIM is a professional body in Malaysia specialises in Malaysia tax, i am unsure how to enroll to their course, you may google for more information.  as i know, their exam is only 1 year once in December.  If you really want to be a tax specialist then you can consider taking those papers after passing ACCA

Never tought of taking P7 because I don't have much confidence to study audit again, I heard P7 is combination of IASs and ISAs, I don't think I can manage both of those standards Like my friend, she feels audit is ok for her, so she can easily decided to take P6&7..

dun listen to others

u choose what u like or have interests

end of the day ...  u cant pass it just like that if you have no interest or having hating attitude for that paper

believe in ur heart

p/s: not to say others are wrong..but own should follow own heart on things that decide ur future

1) ISAs
2) audit procedures
3) anti money laundering
4) ethics & independence
5) audit report format
6) quality control
7) audit planning
8) audit documentation
thats all i can remember for now

refer to my post on last page

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Added on May 16, 2012, 11:09 pm

1st...are you going to audit?

2nd ...if u just join from junior level ... not necessary to have p7 ... u need to learn from the very basic

p7 usually is for more higher level auditor since mainly it focus on how to plan audit rather than carry out an audit itself

3rd...what is ur preference in those 4 optional?

4th.... any good lecturers in those papers in ur area?

it can only be answered by ur heart 
then y dun u take p5 n p4?

it does matter to some employers..not all

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Added on May 16, 2012, 11:18 pm

then work ur average tax to better since is ur interest

as for audit...if u wan join and leave after 3 years..no need that p7

Good news for ACCA P6 student. After many year, CKF finally come back to run IRC.    

I still remember those time under his normal class and IRC, enjoy and learn a lot of tax planning tech from him. Expecially revision class, he will provide 2 round tea time every day for student enjoy..........haha