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Business ACCA V9, Global Body for Professional Accountants

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oOoproz
post Dec 16 2013, 04:31 AM

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P2 and P3 next sem... Should I take p3 after result?? what do u think? I scare i can't catch up only
oOoproz
post Dec 16 2013, 04:34 AM

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QUOTE(leonardgood @ Dec 16 2013, 12:59 AM)
Hi, thanks for the help... then can tell me where is the Michael Mainwaring's Taught Course??
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The centre is near Amcorp mall, here is the website http://www.alccollege.net/
oOoproz
post Dec 16 2013, 04:36 AM

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QUOTE(lavender27 @ Dec 14 2013, 09:20 PM)
Hi all, I'm planning to take CAT in this coming January. Any good college should I go for?
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Sunway or tar college would be a better choice
oOoproz
post Dec 16 2013, 04:38 AM

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QUOTE(princess_s @ Dec 11 2013, 10:51 PM)
THIS.. is exactly what im thinking today. write until.. i saw everyone like massage their hand by flinging them. me too. Damn tired!! Why don't they implement computer based right now. But soon though.. lol

And I didn't use black ball pen to shade the 1st fill in our own detail page!

How ah! T_T
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Best of Luck
oOoproz
post Jan 6 2014, 10:32 PM

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QUOTE(frodo baggin @ Jan 6 2014, 08:28 PM)
All this discussion on which optional papers that you want to do.  Here is the feedback I got from a few people about the papers.

Once they passed the paper - they will recommend that paper.
Students that don't pass the paper after 3 attempts will be cursing the paper and "inception" to others to go for another paper.

You will have an average of 50% of each, but those that pass will tend to keep quite and those that fail tend to make more noise (and blame everyone around them as usual)

On average P5, P4 and P7 is the same in difficulty.

Common reason for failing - do not read the question and answering their own questions + not studying all the areas (spotting) + not having adequate background knowledge (prior paper knowledge)

P7 has a higher failure rate when the student lacks a good P2 understanding.
P5 has a higher failure rate when the student lacks a good English understanding
P4 has a higher failure rate when the student has studied everything in the text book but failed to read financial times / business news

Now about P6 (M) it can be said to be easier for the following reasons:
The examiner produces articles that are examined (this is true for most of the other papers too)
The exam questions are written for Malaysian English - easier to interpret

I talked a lecturer who saw the new P6 paper and his comments - not up to ACCA Standard anymore  thumbup.gif , worse than AIA standards  whistling.gif.  I reviewed the papers and agree with this comment.

Now I have talked to those that did the paper and failed it and their response is:
Not my cup of tea  unsure.gif
Hated to memorize so much  icon_question.gif
Cannot memorize  doh.gif

If you plan to be in tax, this really is a push in the right direction.

On that note, doing P7 is not for audit only.  I knew a student from investment banking side who did P7 and the remark given - "I see things that other analyst miss because they cannot read the financial statement and policies like I do after doing P7"

So P7 is not only audit, since it has forensic / due diligence / prospective financial information, which are interesting specialist areas.

Those in audit will definitely appreciate learning P7 a bit more compared to those outside it.  Doing P7 while being an auditor always makes more sense than doing full time though.

Syllabus changes in the future - ACCA adopted the evolutionary change strategy, gradual updates rather than big bang style done in 2007.  This way students will no longer get extensions for the 10 year rule.  A students that signed up in 2000 still has to 2017 to complete ACCA  rclxms.gif but a student that signed up on 2008 has up to 2018 to complete ACCA  shocking.gif .

On that note : the syllabus will still be the same.  It is not MCQ since there is also Fill in the blank and other types of questions which uses the computer

Hope that helps
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well said thumbup.gif

oOoproz
post Feb 17 2014, 01:01 AM

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Should I take F8 with p2/p1/p3?? Currently studying PT, need advice hmm.gif
oOoproz
post Feb 20 2014, 05:05 PM

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QUOTE(desmond~ @ Feb 18 2014, 03:49 AM)
can we have the source link ????
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You can check thru ACCA website under students
oOoproz
post Mar 17 2014, 02:29 AM

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QUOTE(frodo baggin @ Mar 14 2014, 02:00 AM)
Just got back from meeting with ACCA.  The following is the plan - ACCA rolls out the first of the 4 sitting on September 2015.  That means after that, exams will be on Dec, March, June, Sept.....

The other development is that exams will be moving to fully CBE but this will take some time.  F4 (Global) and UK will move first. F5 to F9 will follow.  P level will remain the same.  Idea is to get students to use excel and word to answer the papers (which I think is a good idea - since no one writes things out any more in the work place and also no one goes to office with their trusted Casio 570fx)

Marking time will be reduced, implying that results will be out sooner than before. Obviously since the marking load has reduced with 20~50% being in MCQ.

Once F4 goes to CBE, you will need an English qualification to proof that you have adequate Language to go on to OBU Degree

List of other qualification is here : http://www.accaglobal.com/content/dam/acca...ishLanguage.pdf

Did any of you hear about Global Law paper - it is based on UN legal framework - looks interesting.

So what do you think you will do with 4 sittings? Take more papers or use it only for resit.  How do you think the tuition providers can support you?
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thumbup.gif
oOoproz
post Jun 1 2014, 05:34 AM

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QUOTE(donizback @ May 31 2014, 11:02 PM)
There are so so many exam tips. I prefer LSBF and opentuition ones.

Well if you want more, just pm me smile.gif

F7:

LSBF

• Q1: consolidated statement of financial position (maybe with P/L) with associate – no associate last time.
• Q2: published accounts, possibly redrafting (missing for many years) and including SOCIE and EPS.
• Q3: interpretation with cash flow (15 marks on standards).
• Q4: mixed standards: EPS, fin inst, PPE, intangibles, provisions, substance, deferred tax, discontinued, etc.
• Q5: concepts with standards, for example, contracts, provisions, leasing, events after reporting period, impairment, etc.

Opentuition

Q1 Consolidated Statement of Financial Position AND Statement of Income, mid-year acquisition, share for share exchange, nci value based on share price, fair value upward adjustments, intra-group sales and pups, goodwill impairment

Q2 Statements of Financial Position, Income AND Changes in Equity, list of balances, problems with revenue recognition (consignment goods), inventory adjustment, TNCA revaluation, depreciation straight line and reducing balance, loan interest accrual, tax provision and deferred tax movement

Q3 20 mark cash flow (last time there was a question WITHOUT interpretation was December 2011) with a part b) 5 mark chat

Q4 15 mark question covering 2 or 3 IAS with short, relatively straight-forward calculations. Possibles? Could be anything, but here are 3 wild guesses:-
subsequent events, leasing and borrowing costs. As an alternative guess, short discussion about the re-introduction of “prudence” into The Framework

Q5 10 mark question – could be something like development expenditure, complex depreciation question or (relatively easy) earnings per share

P2:
LSBF

• Group position or performance. Two mix questions plus current issue question in framework or integrated reporting or consistency.

Opentuition

Q1 Consolidated Statement of Income tent structure including a foreign subsidiary (35 marks); 8 marks of corporate governance and 7 marks chat about management commentaries

Q2 Scenario question with 4 problem areas worth 5 – 7 marks each with up to 12 references to IAS / IFRS. Occasionally, the directors will have proposed an appropriate treatment – just occasionally! So, be aware that the proposed action may in fact be ok – it’s not always a poor choice by the directors

Q3 Similar to question 2 – a scenario question with 3 – 4 parts worth anywhere from 5 – 12 marks with up to 6 references to IAS / IFRS

Q4 Current issue question – the last 4 have been on proposed revision to IAS 37 Provisions and Contingencies, IFRS 13 Fair Values, heavy Discussion about how much disclosure is “enough” and how much is “too much” and Discussion about IAS 8. There hasn’t been a 25 marker on Management Commentary since it started to become a fashionable discussion topic but, if it appears in Q1 as a part ©, then Q4 could be something like Continuing problems associated with convergence with US GAAP or maybe a discussion about the move to re-introduce “prudence” as a content of The Framework
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notworthy.gif
oOoproz
post Jun 7 2014, 07:20 AM

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Good Luck for those who are sitting for P2!!! Lets pass it notworthy.gif
oOoproz
post Aug 4 2014, 12:41 PM

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My class only starts in August, and I plan to take 3 prof papers, studying FT here. Is this a wise choice? hmm.gif

This post has been edited by oOoproz: Aug 4 2014, 12:43 PM
oOoproz
post Aug 8 2014, 09:16 AM

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Good Luck for result later!!
oOoproz
post Nov 25 2014, 03:41 PM

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All the best for your preparation, 1 week to go
oOoproz
post Dec 2 2014, 03:48 AM

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QUOTE(stlove @ Nov 28 2014, 12:20 AM)
if i take p1,p2,p3 in one sitting, is it better to study full time or part time? part time, i means work and study together. Btw, most probably i will study in kasturi pj, any comment on the lecturer? p1 and p3 under Marcus Ong, and P2 under Spencer Cheah. Thank you in advance for all your inputs.
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If u really plan to work, i recommend u to take 1 or maximum 2 papers because it's quite bulky and it gonna drives u crazy, especially P2

This post has been edited by oOoproz: Dec 2 2014, 03:49 AM
oOoproz
post Dec 6 2014, 04:03 AM

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Any idea where could I get the list of ACCA approved employer?
oOoproz
post Dec 10 2014, 02:23 AM

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QUOTE(caroline yy @ Dec 9 2014, 09:05 PM)
hey guys, what came out in p2 question 1? SOFP or SOPL or SOCF?
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and IFRS 2
oOoproz
post Dec 30 2014, 03:43 PM

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Any good recommendation for P4 lecturer?
oOoproz
post Dec 14 2015, 05:40 AM

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QUOTE(snowangle @ Dec 12 2015, 10:47 PM)
Hi there, im preparing to entre next semester. I know that  Ms Sheila is good in P1, Joe Fang/Ng Kian Tuck is good in P2, how bout P3? Any advise?
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Michael Mainwaring from Elite Jaya not bad too
oOoproz
post Jan 26 2016, 06:09 PM

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QUOTE(PrincessMe2515 @ Jan 25 2016, 10:08 AM)
Anyone can recommend a good P4 lecturer?? I have heard people mention Oviyan and Daniel Ho but I can't find where their teaching in KL....pls help.

Also I heard bout this online tutor @finance tutor any good or a fake??
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Check out Mr. Hua from ALC PJ, recommended

This post has been edited by oOoproz: Jan 26 2016, 06:10 PM
oOoproz
post Jan 30 2016, 03:47 AM

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QUOTE(PrincessMe2515 @ Jan 28 2016, 01:43 AM)
Hi. Thanks for getting back to me. What's His style like ???  My Finance is pretty rusty after 3 years of nothing. Also focus on exam technique??
Also have heard this guy Sunil Bhandari do u know him??
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He is more focus on exam technique and it was understandable. His revision class was the goood!! Hmm, the other lecturer you mentioned I've never heard of him

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