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Business ACCA (v2)

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ellimist
post Dec 4 2007, 11:20 PM

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Reading time started from 3pm so the exam ended at 6.15pm for us here at Sunway. (I assume that's how it's done elsewhere too)

P7,was crappily petty and difficult. Now considering I haven't put much hopes in p2,failing p7 together would be real sad.gif

This post has been edited by ellimist: Dec 4 2007, 11:20 PM
yyteik
post Dec 4 2007, 11:48 PM

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any tips for P1,P2,and P3??? hehe...
keith_hjinhoh
post Dec 5 2007, 02:57 AM

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QUOTE(scorpiok @ Dec 4 2007, 09:17 PM)
that is not necessary to discount the provision as long as the provision is paid not more than one year later..
If the provision need to discounted, the question normally will give the discount rate or market rate...

For example, when the provision need to be paid at 2 years later is 1000 (discount rate = 5%)and the amount in the B/S should be

Year 1 = 1000 / 1.05^2 = 907 PLUS interest for the year =907x5%=45.35
          =952.35
Year 2 =952.35 +(952.35x5%)=999.9675
                                            =1000

Figure different due to rounding error..so at the end of the year 2 is should have 1000 in the liability which is the amount expected to settle the obligation..


Added on December 4, 2007, 9:29 pm

this i also not sure..since is the answer given in the past year...
and is it..
user posted image
*
I saw some word there. It should be impairment of goodwill. Im not sure since i do not have the question with me.

This post has been edited by keith_hjinhoh: Dec 5 2007, 02:58 AM
babysept
post Dec 5 2007, 03:17 AM

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QUOTE(scorpiok @ Dec 4 2007, 11:07 PM)
Ooo..thx... notworthy.gif  notworthy.gif
i missing the 9 eledi~~
*
haha.. so i assume u miss dat le =p
gud luck wit P2 course mate.. i gave up wit it ed..

and for F9, i dunno if i sud giv up with it..
seems like its much more diff den our previous FMC paper..
dun even know wad to do bout it.. and im having this paper on thursday..

any advise for F9 paper, anyone?

and btw, is Dec 2007 the first sitting for F9 as well? or is it June 2007?
TScoolly
post Dec 5 2007, 08:03 AM

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QUOTE(ellimist @ Dec 4 2007, 11:20 PM)
Reading time started from 3pm so the exam ended at 6.15pm for us here at Sunway. (I assume that's how it's done elsewhere too)

P7,was crappily petty and difficult. Now considering I haven't put much hopes in p2,failing p7 together would be real sad.gif
*
p6 is always difficult even under the old syllabus...


QUOTE(yyteik @ Dec 4 2007, 11:48 PM)
any tips for P1,P2,and P3??? hehe...
*
i thought all oledi uploaded in the previous pages..so pls search it out..
scorpiok
post Dec 5 2007, 09:25 AM

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QUOTE(keith_hjinhoh @ Dec 5 2007, 02:57 AM)
I saw some word there. It should be impairment of goodwill. Im not sure since i do not have the question with me.
*
because the question is a impairment test question..
it is compare the CA to RA...and it is compare the 3.0 to 3.3 so no goodwill is impaired..
and so i wat i feel weird is why they wan to add the negative goodwill to find CA before they compare to RA...
lawrence1437
post Dec 5 2007, 10:42 AM

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QUOTE(ellimist @ Dec 4 2007, 11:20 PM)
Reading time started from 3pm so the exam ended at 6.15pm for us here at Sunway. (I assume that's how it's done elsewhere too)

P7,was crappily petty and difficult. Now considering I haven't put much hopes in p2,failing p7 together would be real sad.gif
*
rclxub.gif rclxub.gif
i do all the p7 question ... however donno the audit procedure correct or not
i tot the 1st question is abt a/c std when i look at the case at 1st glance...however ...
the question =.= doesnt much related to a/c std blush.gif
G[a]rY
post Dec 5 2007, 11:17 AM

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QUOTE(coolly @ Dec 4 2007, 08:44 PM)
i think if u jus become ACCA member and did not join MIA,then u belongs to (ii)
if u join MIA liao,then is (iv) o (ii) lo..
haha..is ckf la..aiyo.. tongue.gif
ya,for 2.3 i know many ppl said quite ok la..but my friend say 3.2 quite tough ma..so mah ask ask here lo..
i still go and tell ppl normally he wrote article will out,and also will out pilot..
luckily pilot got out,jus article no out lo..

yaya..richard still wan prove his capability to kill students..hehe..so cannot spot the questions..

yaya.agree with gary...don give up,no matter how jus go to hantam it...
u give up then will fail,u no give up not nece u fail,got hope to pass..so why not fight till the last minute leh.. thumbup.gif
*
sorry, wanna edit my words.. The article that he wrote DID came out in Q3, just im uncertain bout it, so skip that qn.. haha.. tongue.gif

QUOTE(ellimist @ Dec 4 2007, 11:20 PM)
Reading time started from 3pm so the exam ended at 6.15pm for us here at Sunway. (I assume that's how it's done elsewhere too)

P7,was crappily petty and difficult. Now considering I haven't put much hopes in p2,failing p7 together would be real sad.gif
*
But I heard my fren said examiner put P7 very similiar with pilot for this first round.?
Irresistible
post Dec 5 2007, 11:34 AM

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HOW MANY of u think that this sitting paper quite similar wit PILOT PAPER ? Any papers ?

Wan to ask, pass ACCA only its affliate, to get memebership, need 3 years experience...
But, I don't understand this site ... JPA only recognise ACCA if u only gain membership ?
http://www.interactive.jpa.gov.my/webinter...MainIktiraf.asp

But, it recognise Penang Sistematik Kolej ACCA course... (I wan to apply for DPLI post)
See the link, http://www.interactive.jpa.gov.my/webinter...MainIktiraf.asp



ellimist
post Dec 5 2007, 11:36 AM

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QUOTE(G[a]rY @ Dec 5 2007, 11:17 AM)
But I heard my fren said examiner put P7 very similiar with pilot for this first round.?
*
Well,in bits and pieces. Like if pilot paper focused on an area,it seemed to just pop up as a small part in the real exam.

Pilot paper was more forgiving in the sense it wasn't as specific,imo (can't really remember the paper itself now,nor the pilot paper =p)
alexandria
post Dec 5 2007, 11:39 AM

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sad.gif If i last minute pull out from exam....and didn't enter exam hall. mean i need to paid again for the exam?
feel like to give up....the fees cannot be claim back right
keith_hjinhoh
post Dec 5 2007, 12:17 PM

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QUOTE(scorpiok @ Dec 5 2007, 09:25 AM)
because the question is a impairment test question..
it is compare the CA to RA...and it is compare the 3.0 to 3.3 so no goodwill is impaired..
and so i wat i feel weird is why they wan to add the negative goodwill to find CA before they compare to RA...
*
Negative goodwill (badwill)-occurs when fair value of net assets acquired is greater than the purchase price. Check back the fair value of net assets, is there any indication of downgrade when the time acquired? For example, During acquisition FV is deemed as 3M but then later, investigation found out only 2.7M. The amount is just an example..

QUOTE(alexandria @ Dec 5 2007, 11:39 AM)
sad.gif If i last minute pull out from exam....and didn't enter exam hall. mean i need to paid again for the exam?
feel like to give up....the fees cannot be claim back right
*
Confirm can't lo laugh.gif
C_w_sam
post Dec 5 2007, 01:11 PM

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2 hrs more to F8 =) ... Scary scary
soul_project
post Dec 5 2007, 02:15 PM

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45 minutes to go .. even scarier
mandy88
post Dec 5 2007, 03:47 PM

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hihi for those who already sit for the exam,

Please share if u think the exam question are similar with pilot paper?
babysept
post Dec 5 2007, 03:55 PM

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sob.. no one answered my ques..

i repeat again =p

is Dec 2007, the first sitting for F9?

ellimist
post Dec 5 2007, 04:53 PM

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QUOTE(babysept @ Dec 5 2007, 03:55 PM)
sob.. no one answered my ques..

i repeat again =p

is Dec 2007, the first sitting for F9?
*
Yea,it should be,why do you think it's not the first sitting for F9?
C_w_sam
post Dec 5 2007, 06:41 PM

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F8 is over . . .I'm just hoping for a 50% pass !!!
I didn't even know the 1st question was for substantive or Test of controls ..
And the last question .. meaning and purpose of the paragraphs ... Ack .. Dunno how 2 do at all ..
yyteik
post Dec 5 2007, 06:51 PM

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http://www.accaglobal.com/documents/exam_script_booklet.pdf
http://www.accaglobal.com/documents/crs.pdf

is this the 2 documents that we need to fill up in the exam???
how to fill this up correctly??? first timer.. hee.. if i see these papers.. i knoe how to fill up.. but i need advice on how to fill it up correctly...
HBK-reloaded
post Dec 5 2007, 07:50 PM

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IM BACK.. flex.gif after a long cannot reply nor msg through lowyat (for which reason i dun know why?)a message appear "you dont have authorise to reply to that discussion etc.." previously using the nick HBK..
nyway, just finish F8.. ohmy.gif really its halfly a surprise.. purchase,stock,going concern came out..and what???ACCA code of conduct..but enuf to answered it coz currently study for P1..so lil bit of knowledge...then there is last question..no.5 where ask about additional procedure for depreciation..
but it seems this round is fair,hopefully the marker doesnt strict much..the easy the paper,the more stricter the marking scheme..yet i think F8 is easy a bit..thats what worried me..Conclusion.. F8 is FULL OF PROCEDURES!! rclxub.gif
hopefully i can fulfil my dream of passing and make low chin ann proud too rclxms.gif next P1&P3!!

This post has been edited by HBK-reloaded: Dec 5 2007, 07:52 PM

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