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Business ACCA V9, Global Body for Professional Accountants

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nick67
post Dec 20 2013, 02:22 PM

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QUOTE(mayonnaiseeeee @ Dec 20 2013, 01:58 PM)
he said the tuition fee is about 2k then the p2a class about 500 the rest is registration etc.
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2k?? That's insane. P2a also another one. They keep forcing us to go for all these extra stuffs in Sunway. shakehead.gif
nick67
post Dec 24 2013, 01:41 PM

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QUOTE(donizback @ Dec 23 2013, 10:24 PM)
Can someone tell me if this is true?
ACCA 2014

And if it is "Plz kill me"

@nick67 Sir do you think it is true? And how much is it gonna effect the students?
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I guess it must be true then.

It really depends how they are going to implement it. One paper every 3 months is doable I would say. Even 2 papers per 3 months for F level would be okay in my opinion. Definitely can see this cutting down the time frame for graduating. Probably a plus for those who are still studying.

F4 for MCQ..Not sure if its going to affect the passing rates. But my guess is ACCA would keep the pass rates around the same level. I'm sure they would not make the course much easier. Luckily not all F papers are becoming MCQ. Else everyone would have no writing skills.
nick67
post Dec 26 2013, 10:50 AM

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QUOTE(donizback @ Dec 25 2013, 05:01 PM)
If are comfortable with the theoretical papers then you should consider P5 and P7.

And taking into account of what you said, then the best option for you is P4 and P5. P6 is the easiest among the optional papers but highly numerical.
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Not true. P6 is not as heavily based on numbers as one would think.
nick67
post Dec 27 2013, 02:42 PM

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QUOTE(mayonnaiseeeee @ Dec 26 2013, 10:39 AM)
Got trial classes?
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Just go in and sit in class. Don't think they will chase you out.
nick67
post Dec 27 2013, 05:46 PM

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QUOTE(donizback @ Dec 27 2013, 02:56 PM)
Don't you think it is unethical?  shocking.gif
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It is. But it's not like you are going there for the entire sem for free.
nick67
post Jan 2 2014, 03:00 PM

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QUOTE(donizback @ Jan 2 2014, 01:49 PM)
One of my friends who has recently taken P4 from him, this sitting, has told me that he does't focus heavily on theoretical parts of the syllabus. He is great with the numbers though!
I wonder if this is true; Since I really feel that theory is quite important in P4  innocent.gif
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Well, I personally feel that theory is important for all P papers. I quite dislike lecturers who only focus on numbers because its easier for them. One of my lecturers told me before, "F papers is theory support numbers, P papers is numbers support theory".

QUOTE(Anakku sazali @ Jan 2 2014, 02:08 PM)
I heard the policy is that you will be fined rm100 if they catch you . its stated in the timetable itself .

but some of my buddy's attend FTMS class for free . pay one subject only , go for other subject . wonder how is that
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That one is too much. Going class for free for the whole sem. I only meant it for the first day. sweat.gif
nick67
post Jan 4 2014, 02:01 PM

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QUOTE(donizback @ Jan 4 2014, 10:22 AM)
Maybe this is the reason students don't even bother communicating with their fellow students in the class because either they are shy or they are too "ARROGANT". Now I feel like they must be shy  whistling.gif

Most of the teacher tend to be talking to themselves and it seems so stupid that we are quite in the class, even-though we have questions to ask!!!

I went for a trail class of P3 under Marty and he asks soooooo many questions. You can't even imagine how many questions he just asked in those 3 hours lol and when the second time he asked a question from a chinese girl, she denied to answer  doh.gif  saying "sir can you plz ask someone else, I can't answer your questions" It was a bit embarrassing that how can one can that to their teacher  rclxub.gif
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Haha! But if she really couldn't answer then I guess its okay. I mean sometimes if I can't answer I would just say "I don't have an answer etc".

Usually I would wait until after class to ask my questions personally. If my questions too easy at least it won't waste other students time. Haha.

I guess which paper is the toughest is subjective to the students. My friend failed P5 3 times but I passed first attempt. Some said P7 is easiest but to me its the toughest.
nick67
post Jan 4 2014, 11:36 PM

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QUOTE(donizback @ Jan 4 2014, 05:29 PM)
hahaha well the question was something like "What are the competitive advantage of Honda and iPhone?" The questions he was asking were far too easy to answer. One of them was "What is your aim?" and the worst one was, which he asked me, "Why are you doing ACCA" tongue.gif  sweat.gif  And it was kinda awkward since I can't really say why am I upto ACCA!!!!

Exactly! I reckon no one here would say that F5 is difficult as compared to F8 and F9 but it is the most difficult paper for me in ACCA so far for me. Even I loved studying F8 and now P1 and P3 but I don't know why I hate F5!!!  rclxub.gif
Well the questions, I used to ask, were usually related to the class(of course I would favor myself tongue.gif )
I used to ask about, lets say, substantive procedures that why did the lecturer write the answer that way and what if I write the same thing other way around etc.
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To me, all F papers were easy except F7 and F8. Don't know why i had trouble with this 2 papers.

QUOTE(zenwell @ Jan 4 2014, 07:14 PM)
planning to do ACCA, am wondering if i can ask the following in this thread:

between P4 to P7, i can choose any 2 papers, which 2 are better?

note: i have exemption for first 9 papers
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This one is pretty subjective..I chose P5 and P6. However many of my peers chose P7. Depends on what you like to study I guess.

QUOTE(~sky~ @ Jan 4 2014, 10:19 PM)
will he pick students to answer his questions in class??XD
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No, I don't remember him picking students to ask questions.
nick67
post Jan 5 2014, 12:04 AM

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QUOTE(donizback @ Jan 4 2014, 11:46 PM)
Well my favorite paper in F papers was F8 and the easiest to pass was F7(only studied for 3 weeks or so and passed) But F5 is killing me. Already failed once and taken it the second time now and still doubtful  doh.gif
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Seriously F8 easiest for you? My P1 lecturer even referred to F8 as the "filter" for students to advance to P level. laugh.gif
nick67
post Jan 5 2014, 02:37 PM

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QUOTE(zenwell @ Jan 5 2014, 01:33 PM)
Yea i noticed that a lot of people take P7. Actually if i'm not going into audit field so it is not necessary to take P7 right? I've been working for many years, not in audit field and not planning to go in as well. I'm actually considering P4 & P6, but i want to know more what is P5 all about.
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Well, even if you are going into audit field, P7 is not a must. I think many people think that they need P7 if they want to be an auditor but its not the case. I'm sure most of the audit procedures could be picked up with a hands on approach.

You should just choose 2 which you feel confident in passing. That's the most important thing.

I think a brief outline for P4 is that you need to know some complex formula for financial accounting whereas P5 is more towards looking at the bigger picture of a company such as interpreting the performance of a company, identifying problem areas and suggesting ways to overcome it using some models. I guess for these subjects you may need to have further reading other than just textbooks if you want to score.
nick67
post Jan 5 2014, 06:22 PM

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QUOTE(donizback @ Jan 5 2014, 04:25 PM)
Well P5 is totally management stuff so if you are interested in that then go for it. It would give you exemption in CIMA as well. You can even take more than 2 papers as well if you want to take an additional paper(I am planning to take P4 and P7 then take P6 for exemption in ICAEW)

If you wanna know further about P5, I have got a soft copy its BPP book(latest one don't worry tongue.gif ). Let me know if you wanna dig into it!
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Is it possible to do that? Taking extra papers?
nick67
post Jan 11 2014, 11:10 AM

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QUOTE(frodo baggin @ Jan 11 2014, 01:39 AM)
Don't worry, the pass rate will be the same.

It is harder with computer based.  The first session for this will be for F4 in Dec 2014 (probable). It will be implemented fully by Dec 2015. So this will only really affect those that join CAT in current year.

Those who did CAT, do you think T8 (FAU) helped you or not, since this is only a condition for Sunway. The rest of them do FFM or T10.
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Why do you say computer-based exams are harder?

How many percent of the exam would be MCQ/essay questions?

Back when I made that comment I was under the impression that it would all be MCQs and that candidates may be able to increase chances (of getting a fluke pass) by making educated guesses.

Also curious to know if all the exam centre (especially Sunway) could handle the amount of students taking CBE.

This post has been edited by nick67: Jan 11 2014, 03:45 PM
nick67
post Jan 13 2014, 05:37 PM

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I can't imagine having papers such as f5/6/7/9 being MCQs and fill in the blank type questions. What about the preparations of financial statements? Workings and whatnot? Or has ACCA deemed it to be very basic knowledge that all of the students could prepare them correctly?
nick67
post Aug 20 2014, 01:40 PM

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QUOTE(Jessicacwp @ Aug 19 2014, 01:57 PM)
Hi, thanks for your reply and advise.

Actually, i am worry about p6 syllabus the most. Because the syllabus is bulky and need a lots of memorise, while i am going to take p2 as well. So i afraid cant cope with that much. I observe that a lots of people stated that p7 and p2 is relate, therefore i decide to take p7. P6 is what i am concerning, whether to take it together in this sitting. smile.gif
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Yep P6 is bulky. I actually managed to pass it via self-study. But frankly I would advice against taking all 3 together. P2 and P7 is equally bulky. And to me, P2 is really a tough one. I went through the past years with Ms Menon and she demonstrated how the examiner can ask even the most minute detail in an IAS/IFRS. In other words you need to have a good understanding of the IAS and not just the brief outline of each. It's pretty technical. Of course there would be spotted topics(which you are expected to know thoroughly). Other than that for P2 you need to learn techniques and short cuts to consolidate or prepare a statement.

Never took P7 as I dislike auditing but my peers told me it's heavy too. The standards you learn in P2 is applicable in P7 as well.

Regarding P6, I decided to self-study it because the class I wanted to attend (Ms Rozi) was full. It's difficult but doable.
nick67
post Aug 20 2014, 09:15 PM

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QUOTE(Jessicacwp @ Aug 20 2014, 07:03 PM)
Wow! self study and passed p6 rclxms.gif thumb up for u thumbup.gif
Mind to share how u self study for it? Because i got a friend, took p6 three times still cant pass, and she did went for classes too sad.gif  This make me a bit scare to take p6 as my optional blink.gif
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Well, I did P5 by myself before P6 and passed too that's why I suddenly gained confidence to do P6 myself.

Hmm, I just study the syllabus like how you would other subject. I photocopied my notes from a friend and study it. I think the deciding factor for me passing my P6 was the examiner's articles. For P6, it's SUPER IMPORTANT. The examiner always test on her recent articles. It's like FREE marks.

Don't worry about your friend not being able to handle it. I had a friend went for P5 classes for 3 sems but still fail. It's all about being able to apply what you study effectively, not how hard or how long you study.

BTW I personally feel P5 is easier than P6 since I dislike memorizing.
nick67
post Aug 21 2014, 02:40 PM

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QUOTE(500Kmission @ Aug 20 2014, 11:35 PM)
If I have failed my most effort on ACCA in Malaysia, but still fail I may plan to exam in UK to take advantage on 40% pass mark.

Anyone here has experienced in UK for ACCA exam?
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40% pass mark? I don't think there is a lower passing mark in UK.

I had a friend who went there for 2 years to study but he only managed to clear 2 or 3 F papers during that duration. Ended up coming back to Sunway Uni to continue.

It doesn't mean going there you will magically pass. The exams are still the same. The only advantage is the exposure there (people, culture, food etc).
nick67
post Aug 21 2014, 06:00 PM

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QUOTE(iEthereality @ Aug 21 2014, 04:44 PM)
I'm not sure if I'm posting in the right thread, so if it's wrong, please redirect me to the correct thread.

Right now I'm an SPM student who's interested in doing something related to Accounting/Finance in the future. I was hoping that I could get further advice from anyone who is experienced here, as I have many questions in my head right now about this career pathway. Among which are :

1) What is the first step I should take to become a chartered accountant?

2) ACCA or Degree in Accounting/ Both?

I know there are a few threads before this(most of which I've read) that are about the same topic, but I'm still unsure about which I should choose, or to do my degree first and then take ACCA.

3)What is the salary of a fresh graduate; and also, the salary of an experienced worker? What is the average age of an accountant with a healthy salary?

4) Is studying ACCA the same in each university/college?
I have Sunway in mind right now. However, Sunway is real far from where I live and there is no convenient public transport that will take me to Sunway. So right now, I'm keeping my options open.

5) Should I do ICAEW or ACCA?

A senior of mine suggested me to take ICAEW's foundation course and then opt for ICAEW later on. Between ICAEW and ACCA, which is better?   

I'm sorry if I'm asking too many questions at a time or if I posted in the wrong thread. I sincerely hope that the experienced out there can answer my queries.  notworthy.gif
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1, 2) Depends. You could do Degree first and later on to the ACCA professional papers either part time or full time. If you are dead set on getting the professional qualifications then do the FIA and on to ACCA directly as it would be faster.

3) Depends which company, what experience you have and what you mean by healthy salary. Big4 fresh grad auditor is about RM2850.

4) It's not the same. Different environment, different lecturers, different techniques. However the exams are the same. Sunway has the Platinum status, but they obtained it by disallowing poor performing students from the exams to keep their pass rates high. I'd say go wherever convenient to you, unless you really want to experience having lectures in a campus theater and not just like a school classroom.

5) My own personal opinion, ICAEW seems better. But of course its much tougher from what I heard. My tax lecturer told me they can complete ACCA exam questions in less than half the time we take.
nick67
post Aug 24 2014, 07:23 PM

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QUOTE(iEthereality @ Aug 24 2014, 06:15 PM)
3) I meant healthy salary as in a salary that allows me to survive in KL and still have some money left for little luxuries every now and then(vacation overseas, entertainment etc). Oh, so one can be employed by the Big4 right after graduation assuming that one has the PER?
1) I suppose I'll take either ICAEW/ACCA then since I hate group work and I want to start earning good money as soon as possible. Is it feasible to ACCA first and then proceed to ICAEW/vice versa or is one enough? And is it very stressful to do ICAEW while working at the same time? Also, do you mean to say that ICAEW holders earn more in the long run? I'm sorry if I'm asking too many questions  sweat.gif

3) So what is the maximum salary one can earn from the Big 4 or is the sky the limit?

4) I am considering Kasturi as well because my friend's brother goes there and I have heard good things about it. What is it like over there in terms of environment and lecturers? So you took a degree at Sunway first and then proceeded to do ACCA at Kasturi?

Thank you nick67 and nicky 87 for the advice! Really appreciate it.
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Still a little vague. Well, my friends from other states are surviving on their fresh grad salary in KL (Rental, food, transport etc). Anyway, I have a friend who worked for 5 years earning RM15k but most of the others are about RM4k or so. They are 23-26 year old. And yes you can be employed by big4 as a fresh grad.

Maximum salary I am not too sure. I heard from my lecturers that his friend earns RM50k or so at the big 4 if I am not mistaken. He could be joking but I believe him.

Environment in Kasturi is like being in a high school classroom table and chair setting. Can't expect much since they just run on a shop/office lot. I personally prefer learning in a lecture theater where the seats are on different levels as I find it more comfortable without having tall people blocking my view or me blocking shorter people. Most lecturers there treats you more like an adult and respects you unlike in Sunway (which may be a good or bad thing depending on you).

 

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