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Business ACCA V9, Global Body for Professional Accountants

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frodo baggin
post Mar 21 2016, 12:43 PM

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QUOTE(bigbelly @ onMar 13 2016, 07:54 PM)
I planned to take P1, P2,P3 during intern because I want to make use of my time during the weekend to go to class  smile.gif

Any suggestion for October intake class that offer P1? smile.gif
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If you are doing ACCELERATE program, there is only one specialist provider that caters to that group - Jpro, since the other colleges will only provide you with the full 6 months course.

Classes for September 2016 exams will be starting on June 2016, right after the June exams.
Classes for Dec exams will be starting in September 2016 after the September exams.

Jpro is the only place where it can be done in a few days; this has been done for the last 4 years with good pass rates. Compression of study materials and learning to what matters is the focus of the class.

No stories about past events, where the lecturer worked, what was the experience, what was the problems with Korean cars.

You get to complete the classes fast.


QUOTE(watabakiu @ Mar 13 2016, 11:57 PM)
The OBU degree thingy,

The scoring is solely based on the thesis, or does it take into account the average score of the fundamental papers?
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The scoring for the OBU is based completely on your grades
If you get 53 and less, it is 3rd class
If 54 and above it is 2nd lower
If 60 and above it is 2nd upper
If 68 and above it is 1st class

The RAP (Project) may help those borderline case, those with 67,66,59,58 marks

If you are keen for OBU Mentoring you can SMS/CALL me directly 0178786074/016 for details. I have been mentoring for the last 18 years already. Prices are from RM2,700 (There is a discount for those with marks above 60)

Those planning to study ACCA P1 and P3, Jpro will be having a crash course for this June exam for students that are:
1. Study last minute types
2. Decided to study after the results are out
3. Failed their previous attempt and need a fresh view of how to do this paper
4. No time to study (the class is four full days and covers the syllabus and majority of past year questions)
5. Excellent for ACCELERATE students since you take 8 days of study to pass 2 papers.
6. Like a small classes (limited to 24 students only)
7. Want a lecturer that focuses on exam technique and exam relevant materials only

And for those that are sceptical - Yes many of the students that have studied have passed and some have failed just like going to normal classes that takes 5 months to learn, only difference is that this is a crash course and not a full run course.


Finally, JPro training is starting ACCA P2 on 22 March 2016 preparing for June 2016 exams, the classes for P1 and P3 will be starting May 2016.

This post has been edited by frodo baggin: Mar 25 2016, 11:41 PM
frodo baggin
post Apr 5 2016, 10:47 PM

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QUOTE(watabakiu @ Apr 3 2016, 01:02 AM)
To re-confirm, the results is based solely on the thesis submitted? in other words, it didn't take into account the average grades of the fundamental exam scores?
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The averages are from the marks that you get from F4 to F9. Take the sum of marks from F4 to F9 and divide by 6 to get the score

The degree grade is A, B and C.

If you get borderline average marks then the degree grade helps you.

If you get 67, then A or B gets 1st class

If you get 66, then A gets 1st class

If you get 65, then A,B and C gets 2nd upper
frodo baggin
post Apr 16 2016, 10:51 PM

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QUOTE(yoona007 @ Apr 8 2016, 10:16 AM)
i failed 5 times in P6 , i really duno why
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One reason - you may have yet to commit to memory the rules required for tax application in a planning situation.

P6 is a memory paper using rules that has to be committed.

If you hate to commit to memory the rules, switch paper

4 times is usual limit for a paper, switch after that and give it a break.



QUOTE(bigbelly @ Apr 10 2016, 03:10 PM)
Looking for 2nd hand Sunway Tes ACCA p1 textbook
Please email me bigbangtheory1225@gmail.com
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Why? rclxub.gif It is not approved nor is it vetted by ACCA. Just focus on getting the correct stuff online, there is many free ones available and the examiner articles are more than adequate.

In fact, just take the following in an order and you may actually build yourself a better text book
1. UK Codes - just print them out
2. COSO framework, find a summary from a audit firm
3. All technical articles in ACCA P1
4. All examiner reports
5. All past papers questions
6. All past paper answer
7. Search the youtube for video's
8. Search my old notes (type jay ACCA P1 in google images)- I had shared the notes back in 2008 and they are still as valid now as they were then. Only some minor updates.

QUOTE(chocxangel @ Apr 15 2016, 07:24 PM)
Hi all,

I graduated with a UK degree in accounting and finance but my uni only offers exemptions for 4 papers (F1-F4). So I'm thinking to self study for ACCA. Is it possible for me to self study?

And it would be helpful if anyone could advice which papers I should take this June 2016 and in the subsequent exams.

I am not in a full time job so I can commit myself. If I can self study, what materials should I buy?

Thanks in advance!
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You can start with ACCA F5 or F7, this is usually the more easier papers in Malaysia to pass.


QUOTE(Jeffrey_Yong @ Apr 16 2016, 06:57 AM)
Are you based at Kota Kemuning still?
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Yes, but at Kemuning Utama

frodo baggin
post Apr 18 2016, 07:56 PM

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QUOTE(donizback @ Apr 16 2016, 11:12 PM)
I bed your pardon? F5 is easier to pass?
You, sir, are insulting those who go through that shit of an exam!
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Sorry to offend those that had a hard time for that paper.

Reason why ACCA F5 is easier for Malaysian*
1. Malaysian ACCA students tend to love numbers
2. It is a paper where computational skills is more important
3. I have seen the pass rates Malaysian papers in the past when this was available for the colleges, and most of the time F5, F6 & F7 skewed higher than F4, F8 and F9 - compared to global.
4. The worst paper for Malaysians is usually F8 at the F level (but some people pass it in 1 go)

Obviously this is a general statement for all Malaysian students and is based on average readings of the Malaysian results from earlier days when the results was out. It does not apply to foreigners or expats.

My personal observation, when a female examiner sets the paper, it is a bit better than when a male examiner sets the paper.

F8 used to be a Male examiner but since 2010 it has been a female, who has made the paper more easier to pass. Compared to 2008-10, Malaysian pass rate for this paper was about 15 - 20% when the global pass rate was about 30-35%

F9 has been getting harder gradually and many seem to have a problem with that paper.

This post has been edited by frodo baggin: Apr 18 2016, 08:15 PM
frodo baggin
post Apr 18 2016, 08:13 PM

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QUOTE(mayonnaiseeeee @ Apr 18 2016, 02:59 PM)
Failed P7 for 2nd time. 48%. Last paper. Any advice? Should I switch paper? I never failed any paper except P7 for 2 times, I'm so lost. All my confidence gone.
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Sometimes it is the techniques that you use and the approach. 2 times is still not so bad and you should either give it another try.

In my assessment this paper is still more doable compared to P4 and P5.

If you want a rating of paper difficulty (in terms of passing)
P6 (Malaysian female examiner)
P7 (UK Female examiner)
P4 (UK Male examiner - looks like expat)
P5 (UK Male examiner - Scottish origin)

I suppose the Scots have a different way of talking and that is why the students sometimes never understands what he asked in exam papers)

If you want a rating of easiness of studying a paper
P5 (concepts)
P4 (formulas)
P6 (tax rules)
P7 (audit and accounting principles)

Problem with P7 is that most of the accounting matters would be left to your own hand by the lecturers and therefore you should revise the material up.



frodo baggin
post May 30 2016, 06:04 PM

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Well the exam is near the corner and things should be getting tensed.

Hope you have done your studies properly.

When it gets hard, I always remember what my lecturer told me "It ain't over until the fat lady sings"

So, never give up, start focusing on the key knowledge for each paper and narrow down your focus if you have not covered the whole syllabus.

Remember, every exam has some areas that are always core areas and should be covered in your preparation.

There are areas that are tested once in a while and this may have to be ignored if you have not yet covered it, focus on what is important for each paper

ACCA P1
Get your core governance ideas in your head, ethics and risk concepts. Remember the key concepts of governance

ACCA P2
Get the consolidation techniques, ethics and some core standards

ACCA P3
Get the core models and some of the computational skills in

ACCA P4
Get the base formulaes - valuation, BSOP, cost of capital, restructuring and ideas in your head and know how to do hedges (interest and forex)

ACCA P5
Get the base models - EVA, VBM, ABC, ZBB, Z-Score, 5-Force and learn the examiner questions

ACCA P6 (M)
Memorize the base tax rules that are always tested and know how to recommend, review all her articles.
LSBF does not make notes for this paper - so stop looking for those.

ACCA P7
Know your risk, responsibilities, reporting, ethics and also the core accounting standards that are usually tested.

Good luck in the exams.

Visit our new website : www.jprotraining.com
1st in Malaysia to offer full online classes for P1, P2, P3, P4, P5, P6(m) and P7

This post has been edited by frodo baggin: May 30 2016, 06:23 PM
frodo baggin
post Jun 28 2016, 03:29 PM

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QUOTE(jack2 @ Jun 25 2016, 05:28 PM)
My first exam was 2000 and my ten year rule expires next year but I still have final 3 papers.

Do I get exempted on new rule without expiration?
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If not mistaken the rule was re-newed and it would be counting down from the first P paper that was taken, the best way is to send an email to ACCA helpline and clarify when is the last date.


frodo baggin
post Jun 28 2016, 03:36 PM

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QUOTE(sakthis7 @ Jun 25 2016, 01:06 AM)
Anyone can recommend me good lecturers to go to for F4 and F5 please?

Edit : In klang Valley.
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F4 lecturers covering Malaysia variant
Mr. Edgar (KDU)
Ms. Sangeetha (Elite)

F5
Mr. Laurence (KDU)
Mr. Arshad (FTMS)
Mr.Akbar (Sunway)

Those are the options available, obviously there are others but this is just the tip of my mind.
frodo baggin
post Jul 13 2016, 11:40 PM

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QUOTE(Yamma @ Jul 13 2016, 05:09 PM)
hi.

I graduated from University Malaya about 10 years ago. Though is it late, I'm thinking of taking acca soonest possible, especially with current low pound exchange rate.

I went thru ACCA website and find it a little bit crowded and troublesome for me to get the clearer picture of the information I need.

It has been a long time ago, therefore my knowledge about ACCA requirement and exemption can be consider next to nothing. And I'm sorry, I'm not going  to read all comments and previous version of information regarding ACCA. Too many pages and mostly related to that specific time frame (exam question, result etc).

Where should I start from? Register? how to register? Fees? Exemption? The only thing I could recall is, I should only take 4 or 5 papers, with my BACC from UM.

Thanking you in advance for the reply. I will required further information (obviously) from you all guys later.

Regards,
Old people
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You should check whether you are with MIA, since there is a special deal for MIA registered person - they will be awarded 9 paper exemption directly irrespective of their degree classification.

This deal was made available in the current year and is a good deal for MIA members to take up ACCA.

If you are not MIA, then check the ACCA Exemption database to determine the level of exemptions that will be awarded.

From the qualification you have indicated, I assume that you are already MIA and therefore should get 9 papers, which means you will only have to do 5 professional papers

If you are a CFO already, it might be faster to sign up for CIMA CFO program, where you only have to do 1 paper to get CIMA

The fee payable will be advised by ACCA

The 5 papers - 3 is compulsory P1, P2 and P3
2 papers is optional
If you are working in commercial side - take P4 and P5
If you are in practice - take P6 and P7

Hope than help



frodo baggin
post Jul 19 2016, 01:53 AM

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QUOTE(imbenji @ Jul 18 2016, 12:29 PM)
hey guys, any review on Mr Arshad for p5? Would like to know his lecture style TQ
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Arshad is a good lecturer that has a very practical approach to ACCA P5, he is strongly recommended for ACCA P5.He has wide experience in this paper and is also well versed in management accounting techniques. He is also very exam focused.

This is feedback students that have studied with him.
frodo baggin
post Jul 19 2016, 02:04 AM

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QUOTE(Yamma @ Jul 14 2016, 10:05 AM)
thanks a lot for your reply.
Yes, I'm a MIA member who are unfortunately not a CFO yet. haha.

Is it still reasonable to target for September 2016 exam (without the late entry fees) should I make my move today?
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It is still reasonable but do make time to start doing some work. It is possible to go for P1 or P3 but not for the rest, which are technically demanding papers. P1 has been getting harder recently with the examiner asking new areas and twisting the exam questions.

If you are starting of with ACCA P level, this 2 papers are good starters. P2 could be very intimidating and demanding, best to take that one alone if you have to hectic schedule.

On that note ACCA CBE for F5 to F9 is not starting off in Malaysia this year, it may be much later but there is significant changes to the syllabus for some of the papers due this semester.

P level would remain the same 5 paper for some time, atleast until 2018.

P4 and P5 syllabus for September 2015 is changed, with some major removals.

Those doing ACCA F7 watch out for additions in the syllabus in the form of IAS 21 and Disposal of subsidiary - it would seem that ACCA finally realised that step up in P2 was too much for the students and decided to add materials to F7.

F5 also got a boost up since materials from P5 as removed and placed in F5


frodo baggin
post Aug 1 2016, 03:48 PM

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QUOTE(Nickie6817 @ Jul 31 2016, 10:56 AM)
IAS 21 introduced in F7 would it require students to prepare consolidation with foreign subsidiary? Or it's just simple translation for a particular transaction? Any guides on this?
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IAS 21 in F7 will be for single company level and not at consolidation level. Consolidation level is for P2 only. IFRS 15 will still be focusing on construction contracts and would also have some basic elements in it.

Best to visit bdo ifrs at a glance to study this up

This post has been edited by frodo baggin: Aug 10 2016, 12:18 AM
frodo baggin
post Aug 29 2016, 09:48 PM

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September 2016 exams are coming close and PQ magazine has some spots but most of it is generic.

Those preparing for the paper, here is a heads up.

There appears to be 2 examiner per paper and the style gets mixed.

There is some changes in P4 and P5, please watch the new entry for P4 - really interesting idea called behavioural finance and examiner has an article out.

P1 to P3 no changes except new examiner being added in.

The so called merger of paper for P1 and P3 is over hyped for now, it will not take place for 2 years at least, so don't make rush decisions based on hearsay.

Good luck
frodo baggin
post Oct 10 2016, 07:26 PM

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Update

ACCA has launched the new qualification for September 2018!

ACCA P1 and ACCA P3 combines to SBL and is a 4 hour paper

ACCA P2 and ACCA P1 combines to create SBR

ACCA has moved from 3 papers to 2 papers + an online top up.

All other optional, skill and knowledge papers are retained.

This means you have another 7 more sittings with the current ACCA P1, ACCA P2, ACCA P3

June 2018 is the last sitting for this papers.

There is room for syllabus and paper planning during the transition period, those that are having a hard time with a paper should consider looking into it



frodo baggin
post Oct 10 2016, 10:24 PM

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QUOTE(shirley_andy @ Oct 10 2016, 10:05 PM)
Any members here instead of students/affiliates?

Just wondering any tips to fulfill the annual CPD requirements. Outside CPD events cost between RM50~RM100 per hour. That's around RM1K~2K cost per annum to maintain the membership, plus the annual membership fee, it'll be total 3K~4K per annum.

So just wondering any tips to access cheaper CPD? Other than working in approved employer firm.
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You can use ACCA CPD based articles
http://www.accaglobal.com/in/en/member/acc...ess/ab-cpd.html

Alternatively you can sign up for Toastmasters - there is a program for leadership and communication that you can always use as verifiable CPD


frodo baggin
post Dec 5 2016, 12:58 AM

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Good luck in ACCA exams. Stay focus on getting marks rather than completing a question, since a poorly completed question will get few marks.
frodo baggin
post Dec 14 2016, 12:57 PM

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How to complete CAT faster and cheaper than going to the college?

1. Sign up with ACCA-X for 9 Jan 2017 intake (free for the first 4 papers)
2. Study
3. Take the exams with a CBE
4. Sign up for ACCA-X for balance 3 papers (F1 - F3) for RM 500 per paper
5. Study
6. Takes the exams with a CBE
7. At this junction send an email to ACCA to state that you wish to complete CAT and do not want to cross over to ACCA
8. Study the balance 2 papers with any other college or provider
9. Graduate CAT

At Step 7, if you wish to study by bypassing the system, do F4 from that junction

Note: If you want to still go to colleges and study, make sure you have SPM 5 credits

Hope that helps the would be SPM students that want to enter into ACCA
frodo baggin
post Feb 4 2017, 12:22 AM

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ACCA Students seem to be misguided on the value of OBU degree

- If you have first class - above 68 average, it would be a good idea to take it since it shines on your resume and will carry weight irrelevant how fast you completed the full ACCA

- If you have been failing before in F level and just reached P level, take it as an insurance since not all pass the papers in one go, you already have a track record of failures. Take the degree and go to work after one or two tries at P level. History indicates that those that get stuck at F, can get slowed down a lot in P level

- If you want to switch careers outside accounting, a degree helps you command better respect from HR than a professional certificate (Remember this is for those that leave accountancy, into HR, Marketing or others)

- It helps in migration since a degree may carry weight compared to ACCA since some countries are not recognising ACCA 100%

- Finally, you learn about what a graduate from university has to go thru before getting their degree

This post is to help those that are debating whether it is worth it to do a degree when you can already get ACCA. There are many mentors out there but be wary of cheating since if you get caught - you will loose both the degree and ACCA status.

In terms of cost of doing the OBU - mentor fee + submission fee.
Some colleges are charging OBU classes for RM1,200 and then taking RM2,800 for mentoring, in total RM4,000.

If you are smart, avoid the RM1,200 fee since there is no requirement for that class under MQA regulations - check it! It is not a listed course as a requisite to complete ACCA in any colleges.


Use fair valuation approach - calculate the cost of degree paid by others and what is the incremental cost that has to be incurred by you?

March exams are around the corner and you better get ready for more miserable times ahead from ACCA, what more with 2 examiners per paper - the exam papers are getting harder.

The following is the sittings before the merger takes place
March 2017 - NO ISSUES (Those with expiry of their passes better take all the papers here)
June 2017 - NO ISSUES (Those with expiry of passes - last sitting!)
July intake for most colleges will start here - those starting ACCA should consider avoiding the P1/P3 mix unless they are sure!)
Sept 2017
Dec 2017
Mar 2018 - RESITS FOR P1/P3
June 2018 - ONLY FOR THOSE RESITTING P1/P3
NEW PAPERS RELEASED
Sept 2018 - New P1+P3 & P2 paper

Do note that P2 paper which is revised looks worse than the current P2 paper, so if you want to complete something - get the P2 out of the way.

The revised P1+P3 paper is not as intimidating as it looks, it has some easier marks due to presentation skills, which not awarded currently. So don't sweat it.

Those that are planning to start ACCA now with a degree, you have to be aware that if you are starting at P level, you can select a wait and see attitude since in 1 year there is a massive change

5 papers become 4 papers only.

In my opinion, it would be better to wait it out and work first to get practical experience (if you have a degree already)

Alternatively you can complete the following papers
P2 and the optionals first before looking into the new paper.



frodo baggin
post Jul 7 2017, 06:19 PM

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Studying P3 and P1 for December 2017 exam cycle should be the last for new students to ACCA.

If you are repeating the paper - go for it!

The new SBL paper would be easier compared to current papers since the professional marks has been increased to 20% compared to 4%

The new paper also uses 1 case study compared to 3-4 cases in the current paper - easier to understand the case issues.

The scope of the paper is P3 ++, since currently P3 already has governance and some risk management - this has been extended to take up P1 components

The view is that SBL is harder is not based on detailed analysis but more of the fear of unknown....so do not be too worried about the new paper. When you get advice from seniors about a paper that they have not studied - DON'T since they cannot really comment unless they took the time to review the syllabus and the exam paper design.

Teaching methodology for the new paper will be different since there is a need to install professionalism and professional thinking to the student - this may be a bit harder since Malaysian culture of "pass enough" may lead to a lack of attention to the professional matters.

July 17 is just another 10 days more - good luck on the results.


frodo baggin
post Jul 31 2017, 01:47 AM

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QUOTE(Yamma @ Jul 17 2017, 10:36 AM)
increase to 20% mean a lot of report/format need to be memorized right?

so for those who haven't pass both p1 and p3, you suggest to hold on and take march next year instead?
in separate matter, I pass my p2 without any other p papers in hand as to date. Which paper is the best for me to sit in this coming September exam? any suggestion?

thanks ya
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20% is not report format - it is your ability to use common sense and business logic in writing out answers. The format marks is still about 2 -3 marks, the rest is presentation, thinking, arguing and also business sense

Pass p2 means you can move on to P7, P4, P6 but not P5 which needs P3 skills

QUOTE(kentroy @ Jul 17 2017, 10:46 AM)
Hi all,

I would like to get some information about which lecturer is the best for P1 and P3 of the Intensive Revision Class?

Your comment is highly appreciate.

Thanks in advance
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Lecturers for P1 and P3 that are doing IRC classes for September 2017 exams
Laurence @ KDU
Jay @ Jpro

IRC class for Dec
All the lecturers are doing

There is no best lecturer since each lecturer would have their own style and approach but the paper P3 is now very computational and tends to require someone with management accounting back ground.
P1 is getting a bit miserable due to new examiner in the mix!

QUOTE(yyyuenn @ Jul 19 2017, 01:43 AM)
anyone plan to take UNIVERSITY OF LONDON MSC IN PROFESSIONAL ACCOUNTANCY?
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This is a heavy program, the students that did take it showed me the notes for 1 paper - 1,400 pages of notes online to read and prepare and the online support is just a set of notes. It is for the strong willed and those with determinations of steel


QUOTE(SunwayHue @ Jul 24 2017, 09:42 AM)
Anyone know the number of students for Sunway ACCA during Jan and April 2017 intake?
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It is usually a lot more that usual - P level classes are more crowded compared to F level compared to CAT. The system is a small stream that joins a larger stream until it reaches a river and finally it is an ocean of students.

QUOTE(Slyp @ Jul 29 2017, 01:42 PM)
Hi all. Need some suggestions on whether to sit P1 and P3 now, or just wait for the new syllabus instead.

I have September, December and June sitting left for me to sit for P1 and P3. FYI I have completed P1 class but haven't attend P3 class.
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Can still take P1 and P3 since most of the colleges are stopping the exam preparation for P1 and P3 by Jan, with last sitting being Dec 2017.


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