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Business ACCA V8, Global Body for Professional Accountants

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nothingz
post Mar 24 2012, 01:27 PM

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QUOTE(muppet @ Mar 24 2012, 06:52 AM)
actually, he started it first... on the internet i think it is not a problem to use conversational english... he kept going around correcting my english... i was trying to make a point that he makes mistakes too... :-)
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enough is enough. stop it and that's it. stick to the topic
nothingz
post Mar 25 2012, 12:27 AM

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there's no more CAT--->ACCA, now it's FIA--->ACCA. they are similar though


Added on March 25, 2012, 12:32 amthe FIA--->ACCA route will be faster if you are on full time study and always pass exams at the first time. this route will also give you flexibility if you want to work full time and study part time.

however, if you fail exams regularly, it will be more time consuming than you take degree course. you may end up stuck in between of whether to continue or to give up then go for other courses

This post has been edited by nothingz: Mar 25 2012, 12:32 AM
nothingz
post Mar 26 2012, 09:33 AM

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QUOTE(k2h2d9 @ Mar 26 2012, 04:50 AM)
Hey guys, I'm planning to take ACCA this year. Well FiA actually. I'm 25. Kinda feel old but never too old to study I guess. I went to UITM expo yesterday and the first thing they asked me when they know I'm 25 is that can I get along with SPM leavers lol.

Since there is no more MSER, I have to take the first 7 papers in FiA - I planned to take CBE for all these 7 papers. Any thought on this? If possible I want to complete this by year end so that I will start F4 next year. Mode of study will be self study since I'm working and most of the time I have to work on weekend as well.

Now, my problem is about books or notes for these papers. Any school or college sell cheap books? Or do you guys know where I can get cheap books? I went to kinokuniya and I saw study text as well as revision kit will cost me RM150 together (this is only for FA1). I think if I can get it second hand definitely it's going to be much cheaper.

Also, anyone knows how much will CBE cost? I've called up FTMS earlier and the guy on the phone was saying that I can take the CBE anytime - just go there and say I want to take CBE and they will arrange a date for me - and it will only cost RM150 for any papers. The guy doesn't seems that confident about the info though.

Oh yeah, I planned to go to ACCA Malaysia sometime next week for registration because I read it might take up to 6 weeks for processing. This means the earliest I can take CBE for FA1 will be end of May or probably June. Just going to study for 1 paper and see how it goes.

Any input or word of advice is greatly appreciated. Looking forward to be studying ACCA soon.
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i think you are studying part time since you are a working adult. i am unsure whether is there any paper limit per semester for FIA but for ACCA it's 4 papers for a semester (half yearly). last time CAT had no limitation, i don't think that FIA has it as well.

working and studying at the same time is not easy since you can imagine how tired you are after work, i don't think that you will have the motivation to take out the book to read, attending classes will make you more committed to it. for cheaper books you may post here, some members may be willing to sell those books to you at a cheaper rate after they passed the subject.

this is the pricing for each paper. it's around RM200/paper at entry level. during your initial registration, you will have to pay 77 + 77 pounds for initial registration and first year subscription.

ACCA is not easy and not to say very difficult, make sure yourself is committed to it. it may take years to finish but if you don't give up, you will eventually be graduated.
nothingz
post Mar 29 2012, 12:35 AM

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QUOTE(ViLenG @ Mar 28 2012, 10:21 PM)
Hi! jus wanna ask, anyone has experience working in Big 4 before?
i'm an accounting student (final year) , gonna graduate soon. wonder which path should i go to.
1)ACCA
2)Work first, then take ACCA partime.
3)don't take ACCA at all, straight go to work.

I've heard some of my frens said that Big 4 provides gud salaries etc but gotta work like hell. Has anyone got such experience? Advice is needed thanks =)
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if you work for big 4, very likely that they will force you to continue your studies on either ACCA, ICAEW, MICPA or other programmes because they want you to be a professional. It is also important for your career development, if you have higher qualification, you are more likely to be promoted.

salaries of big4 should be higher than other accounting firms but their workload is definitely more. big 4 auditors will have to work until midnight/overnight during peak & very peak season, aka June and July.

if you are willing to take up the pressure, you can try big 4. if you prefer a more relax environment, try others. being part of big 4 is indeed an added advantage to your CV
nothingz
post Apr 5 2012, 11:30 AM

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QUOTE(flying_torso @ Apr 4 2012, 05:37 PM)
hi guys. I've completed the first 3 FIA papers, which is FFA, FMA, FAB. Originally it used to be, F3, F2 and F1 respectively. Im applying for a job soon. Just a thought, can i apply for an auditing role considering i've no working exprience. Furthermore i'm studying part time right now, which the subjects i'm taking are F4, F6 and F8. To all sifus, ur assistance is much appreciated..tq
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most firms will hire entry level staff, working for small firms will give you flexibility to go for exam. do not pass any of F7, 8 or 9 before F4, this will result in you being opted out of OBU degree programme

QUOTE(tzxsean @ Apr 4 2012, 09:37 PM)
hi guys, I want to ask smtg bout the relevance of my understanding of "related company" under s2 of Promotion of Investment Act(PIA)

"related company"means a company

a) operations of which are or can be controlled directly or indirectly by the first mentioned company

-   
      (A)----50%------>(B)
           

b) which controls or can control either directly or indirectly the operations of first mentioned company

-     
        (A)<----50%-------(B)
       


this means A is related company of B and vice versa right?
below is the part where I couldn't understand clearly what they're trying to express:

c) the operations of which are or can be controlled, either directly or indirectly, by a person or persons who
    control or can control, either directly or indirectly, the operations of the first mentioned company.

Provided that a company shall be deemed to be related company of another company if-

aa) at least 20% of its issued share capital is beneficially owned, either directly or indirectly, by that other   
      company;or   

bb) at least 20% of the issued share capital of that company is beneficially owned, either directly or indirectly by
      the first mentioned company
-   
      (B)<----50%-----C------50%--->(A)

            at the same time

            (B)-----20%---->C (aa)

                    or

            (A)----20%---->C (bb)

which means A , B and C are 3 related companies?

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i think it means

in a, b & c, the word 'control' means top management (usually directors) and nothing relevant to voting shares.

a & b means A Co. controls B Co. through appointment of directors by A Co. and vice versa.

c means A Co. controls B Co. through same directors

aa & bb means A holds B at least 20% voting rights either directly or through medium such as executives and complex group structure. vice versa

any of the above 5 scenarios happens will result in related party relationship


nothingz
post Apr 5 2012, 02:16 PM

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QUOTE(tzxsean @ Apr 5 2012, 01:31 PM)
in c), the existence of 3 parties doesn't make life easier. The use of "another company, the other company and first mentioned company" is not clear to readers that which company is what. It's so hard to grasp
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this is how they drafted the laws, it's like that. just get the simple meaning is enough
nothingz
post Apr 5 2012, 11:16 PM

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QUOTE(flying_torso @ Apr 5 2012, 11:00 PM)
thank u! Didn't know that. Does that mean i have to pass F7, F8 and F9 in order? Or i have to attempt it all in one go? Another thing..how do i get this 'ACCA Diploma in Accounting and Business'? How is it related to 'Foundations in Professionalism'?
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it is better that you passed F4 then only take either one of F7, 8 & 9 then you will not be opted out. i think you may also pass F4 with F7, 8 & 9 in the same sitting without any issue. it is not necessarily that you need to take F7, 8 & 9 following the sequence but it is advisable that you follow it because it existed for a reason.

for the other questions, you can read acca website, i got no idea
nothingz
post Apr 9 2012, 12:39 PM

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this is the reply i received from them bout Affiliate Certificate, there should be a copy of professional level certificate for us

QUOTE
Please be advised that the Professional Level Certificate will be issued at the end of March and dispatched thereafter.

Please note that ACCA no longer issue the affiliate certificates, however a letter confirming your affiliate status will be posted within 4-6 weeks.

nothingz
post Apr 13 2012, 09:31 AM

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QUOTE(junggle @ Apr 13 2012, 04:31 AM)
finally someone replied  sweat.gif  sweat.gif
any other solution for me...
it's left less than 2 month and i feel like i don't know everything.
is it possible for me to start learning now and pass in June exam  doh.gif  doh.gif
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as of the above answer

most of the F4 questions are from past year questions, make sure you understand the principles then try to memorise the answers from past year questions, you can pass easily.

F5 you need to know everything inside the syllabus, it used to be the killer when there were only 4 questions x 25 marks. not much advice can be given.

For F6, Q1 and Q2 are mostly fixed, you can try to catch the trend. Q3-Q5, sales tax, withholding tax, service tax are quite general, other topics which you can try to catch are residence-ship, CA, agricultural allowance, employment income etc. what have come out last sem should not be coming out again this time
nothingz
post Apr 16 2012, 09:15 AM

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QUOTE(mtw @ Apr 15 2012, 11:01 PM)
I want to ask your opinion on answering essay question...

For example, if the question asked about "Customer Satisfaction". And all over the article/case study, they wrote instances of how Co. A handle it's customer...

When you write your answer, do you have to limit yourself in just those instances spelled out in the article?

Or is it possible to give more explanation beyond what was mentioned, which specifically in relation to Co. A..

Because, I am wondering if I can bring real life issues, like McDonalds way of handling with its customer in the answer sheet...
I hope you can understand what im asking.. heheheh~
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it depends on the question and the marks allocation. the question may ask you to critically evaluate or comment on and may ask for recommendations too. you see the marks allocation then you know how much to write. don't overwrite so that you will still have time to answer other questions
nothingz
post Apr 16 2012, 10:45 PM

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QUOTE(francisbacon7 @ Apr 16 2012, 10:08 PM)
No received untill now..how? please advice.. sad.gif
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i also have not received it, lol. let me email them tomorrow, see what's their reply.
nothingz
post Apr 17 2012, 09:07 AM

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QUOTE(junggle @ Apr 17 2012, 03:15 AM)
I took 3 papers at the first place because I wanted to save time but now it turned out I could not handle so much papers at the same time.
But anyway I'll try my best to pass them.  smile.gif  smile.gif
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taking too many papers at once will divert your attention, instead of passing them together, you did it the other way. just focus on 2 papers if you think that you can't handle 3


Added on April 17, 2012, 10:43 pm
QUOTE(francisbacon7 @ Apr 16 2012, 10:08 PM)
No received untill now..how? please advice.. sad.gif
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below is the reply i received today

QUOTE
Please accept my apologies for a slight delay with dispatching the Professional Level Certificate and note that it will be posted next week. It should arrive within next 4-5 weeks. With regard to the letter confirming your affiliate status, please allow further 2 weeks for it to arrive.


This post has been edited by nothingz: Apr 17 2012, 10:43 PM
nothingz
post Apr 19 2012, 01:00 PM

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QUOTE(junggle @ Apr 19 2012, 12:32 PM)
so you mean study all?? partnership and agency all together??
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it is always better that you study everything, it's no point to spot F4 questions. the questions for F4 are limited, you can see that they are keep on repeating
nothingz
post Apr 19 2012, 11:02 PM

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QUOTE(junggle @ Apr 19 2012, 03:58 PM)
But my lecturer said that he got it from the Chief Examiner... Zz
Whatever i think i just go through the past year questions...
Any advise on learning F6?? ==
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One more thing bout f6 is you should be quite familiar with tax treatments such as bad debts, entertainment, trademarks all these. Every sitting it asks bout this, if you dont know means your chance of passing is reduced
nothingz
post Apr 20 2012, 03:57 PM

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QUOTE(francisbacon7 @ Apr 20 2012, 03:24 PM)
another 5-6weeks...to be received around end of May...so lateeeee  blink.gif
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ya, nothing we can do except wait. or else the cert you can print from your myACCA account
nothingz
post Apr 23 2012, 04:35 PM

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QUOTE(nick67 @ Apr 23 2012, 04:29 PM)
I'm from science stream as well..Don't worry about cat man..It's easy..Best time of my uni life is during cat..can go cyber cafe everyday without worries..haha tongue.gif
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T5 Managing People was able to fail a lot of peoples, don't underestimate it biggrin.gif

not sure bout the current pass rate
nothingz
post Apr 23 2012, 08:06 PM

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QUOTE(ZackU88 @ Apr 23 2012, 05:28 PM)
now is fully objective in FIA . if still can fail really donno wat to say.
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QUOTE(nick67 @ Apr 23 2012, 05:43 PM)
Oh yea..forgot changed to objective already..Should be even easier now  tongue.gif
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sometimes it is difficult to choose also, too many options make you confuse
nothingz
post Apr 25 2012, 09:50 AM

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QUOTE(caillech @ Apr 25 2012, 12:50 AM)
so question 4 in P2 so hard until no one pick before?  hmm.gif
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the sitting i sat it was IFRS 9, i just write whatever i know bout it. i think you need to catch up with the latest updates on accounting standards so that you can answer that question
nothingz
post Apr 30 2012, 10:15 AM

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now is only end of april, what is there to worry? lol
nothingz
post May 2 2012, 11:26 AM

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QUOTE(ikki9394 @ May 2 2012, 11:00 AM)
Hi all,

Just a quick question, this is a bit of a confusion for me...
The "account balance" shown above the fees section in myACCA is actually the balance that to be paid or available fund for us to use in future?

cheers,

Nef
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if it is positive amount means you still have outstanding amount. if you have overpaid, it should show a negative amount or credit balance

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