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 ACCA (v3), our future chartered accountants :)

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Computer^freak
post Dec 8 2007, 08:17 PM

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F7 last paper , cant wait.

I think Menon did mentioned about doing Q1,Q2 and Q3 fast so that
there's extra time for Q4 & 5, which I think she has a point coz Q4 & 5
are the toughest as it is random unlikely Q1,2 & 3.



ellimist
post Dec 8 2007, 08:45 PM

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^Yea,those that u know what's coming out (groups,blah blah) just keep posting stuff collecting easy marks. Pretty much what I did. (thought I was gonna fail 2.5,fortunately I passed laugh.gif)
Zoeee
post Dec 8 2007, 09:43 PM

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QUOTE(ellimist @ Dec 8 2007, 08:45 PM)
^Yea,those that u know what's coming out (groups,blah blah) just keep posting stuff collecting easy marks. Pretty much what I did. (thought I was gonna fail 2.5,fortunately I passed laugh.gif)
*
Any std to focus on for f7 on q4, q5? icon_question.gif ...coz i found its tough ...so i been ask my lecturer once, i say if i juz do 1,2,3 n let go 4,5 can arr??? he say ok...but 1,2,3 need to be very good....till now juz revise till q1, 2mr need to revise q2 n q3...n then 4, 5 for monday... God bless us.... smile.gif


Added on December 8, 2007, 9:45 pm
QUOTE(Computer^freak @ Dec 8 2007, 08:17 PM)
F7 last paper , cant wait.

I think Menon did mentioned about doing Q1,Q2 and Q3 fast so that
there's extra time for Q4 & 5, which I think she has a point coz Q4 & 5
are the toughest as it is random unlikely Q1,2 & 3.
*
any focus from ms menon? especially on std? ...for q1, i think mayb conso b/s n i/s for holding n subsidiary..

This post has been edited by Zoeee: Dec 8 2007, 09:45 PM
shuyin_lenne_2007
post Dec 8 2007, 11:00 PM

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F7... help... am so nervous... need to find the possible miracle way to do well for Qs 1, 2 & 3... i guess i'll have to sacrifice Qs 4 & 5... how can i predict which standard will be examined? look at the Pilot paper alone was scary, the SOF... etc etc... anyone knows the fastest way to memorise the concept of Consol, Publish, CFS, Ratio?

well... good luck all, on core papers & other papers... & F7 as well... hope to pass

@Zoeee : all the best to you, you can do it... don't worry wink.gif

This post has been edited by shuyin_lenne_2007: Dec 8 2007, 11:03 PM
formulaoag
post Dec 8 2007, 11:08 PM

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for f7... q4 n q5 r real scary...no1 seem 2 hv spotted areas to share wit
sad.gif
ThanatosSwiftfire
post Dec 8 2007, 11:48 PM

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relax la, all they can throw at u is theory. just write la. principles only.
Computer^freak
post Dec 8 2007, 11:58 PM

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My strategy is not to give up Q4 & 5, why ? simple.
Because if it turns out to be easy, you feel like committing suicide.

I would never give up Q4 & 5 if I were you. In addition, you are BOUND
to make errors in Q1,2,3 so you need Q4 & 5 to compensate for it.

I remember once Menon did mentioned that the accounts will never get balance,
for the amount of questions u need to answer as well as the strict time limit.
Based on majority skill level ok, dont compare genius or pros.


1. Consolidation

You should know the general principles by now, try one or two question
to recall what you lapsed but dont spend too much time on it.


2. Single entity

Learning standards and you cover this which is like killing 3 birds with one stone.
However, your dr cr knowledge must be solid. Dont memorise.


3. Ratios or CF

Should know the principles too by now. Just do one or two TOUGH questions to recall what you lapsed.
Dont spend too much time on it as well.

Ratios, memorise formula or if you can understand it then its good. For F9 students you have a tactical
advantage because ur WC formula/gearing should be in ur head right now.

Just explain the ratios, give critical analysis, read some sample answers and you should be able to get a rough idea.


4. Standards.

Spend more time on this !!!!!


Well, that's my approach. I personally admire Menon because she's really an excellent lecturer, myself seldom praise any
lecturers. When she told us to spend more time on standards I guess its clear that those Q4 ,5 are the decisive marks you
should try to aim.



Cheers.

Hope it helps, still not late.

This post has been edited by Computer^freak: Dec 9 2007, 12:06 AM
Sensui
post Dec 9 2007, 01:25 AM

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How much tougher is ACCA compared to a regular Accounting degree?
keith_hjinhoh
post Dec 9 2007, 01:27 AM

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QUOTE(Sensui @ Dec 9 2007, 01:25 AM)
How much tougher is ACCA compared to a regular Accounting degree?
*
Depends on individual. But normally, it's tougher than normal accounting degree. Try CPA if you insist of pursue professional route. 30% Coursework 70% Final Exam. ACCA - 100% Final Exam.
Sensui
post Dec 9 2007, 01:39 AM

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How long is an ACCA course? Is there class presentations involved? In what way is it much tougher?
littlediana
post Dec 9 2007, 01:50 AM

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for f7
what is that standard that says if there is a standard follow a std/interpretation?
is is IAS 1 or IAS 8????

i also very scared on f7 seems like alot of notes from menon
i dunno how to pass =(


Added on December 9, 2007, 1:55 am
QUOTE(ThanatosSwiftfire @ Dec 8 2007, 11:48 PM)
relax la, all they can throw at u is theory. just write la. principles only.
*
hehe so many theory
hope eps comes out


Added on December 9, 2007, 1:56 am
QUOTE(formulaoag @ Dec 8 2007, 11:08 PM)
for f7... q4 n q5 r real scary...no1 seem 2 hv spotted areas to share wit
sad.gif
*
yup on remainder of the syllabus
wide area.... sweat.gif


Added on December 9, 2007, 1:58 am
QUOTE(shuyin_lenne_2007 @ Dec 8 2007, 11:00 PM)
F7... help... am so nervous... need to find the possible miracle way to do well for Qs 1, 2 & 3... i guess i'll have to sacrifice Qs 4 & 5... how can i predict which standard will be examined? look at the Pilot paper alone was scary, the SOF... etc etc... anyone knows the fastest way to memorise the concept of Consol, Publish, CFS, Ratio?

well... good luck all, on core papers & other papers... & F7 as well... hope to pass

@Zoeee : all the best to you, you can do it... don't worry wink.gif
*
hehe do the past yr question lo

but i did all the Q1, Q2, Q3 for the past yr questions but still blur on f7 oh no... alot of mistakes too

GOOD LUCK EVERYONE blush.gif

This post has been edited by littlediana: Dec 9 2007, 01:58 AM
babysept
post Dec 9 2007, 02:40 AM

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gud luck everyone..

now everyone sud be fighting for the last 3 papers next week..

our killer paper =p

This post has been edited by babysept: Dec 9 2007, 02:41 AM
ellimist
post Dec 9 2007, 08:28 AM

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littlediana I believe it's IAS 8.

No idea what to focus for f7,since I'm doin the paper this sem sweat.gif

But srsly,don't give up on the remainding questions.Dunno also write some nonsense in. Just go through whatever notes u have and at least understand each standard's principles so you have somethin to write. Besides,you need to know standards to do Q2 right wink.gif

This post has been edited by ellimist: Dec 9 2007, 08:30 AM
vin_ann
post Dec 9 2007, 09:15 AM

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all the best to all of your....
yyteik
post Dec 9 2007, 11:22 AM

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QUOTE(Sensui @ Dec 9 2007, 01:25 AM)
How much tougher is ACCA compared to a regular Accounting degree?
*
i am a Bac. Acc (Hons) degree...and currently taking P1 P2 P3 papers this seatings... P1 is tomolo.. sigh.. ahha.. if u ask me which one tougher.. i would say.. i donno.. cause i havent take the exam yet.. cant compare.. in march then i let u knoe ok?? haha... but i would say that it is not a tough that matters... degree gives u an expereince life??? more presentation and some course work... dont get me wrong.. my degree is 65% final, 35% course work... and since year 1 to year 4 all my papers are 3 hours final exam... and i also need 1 year of foundation for the degree..total of 5 years i spend in the university...and i have a 7 months industrial training.... HARD WORK!!!! but worth it... after 3 years working experince... MIA member straight.. no exam no nothing... exempted 9 papers from ACCA.. so now taking last 5 papers.. but experience was great... campus life... going to class... meeting new friends... going through changes of being independent... doing wild things with frens which can leave parents out.. cause they are far far away... muahahaha.... i took my acca course in kasturi.. and i often see that alot of student came alone?? sit alone.. lunch and dinner alone... kesian... maybe i am not in sunway or tarc lar.. so i don't know...

QUOTE(Sensui @ Dec 9 2007, 01:39 AM)
How long is an ACCA course? Is there class presentations involved? In what way is it much tougher?
*
ACCA no presentation... 100% final exam.... i also donno in what way it is tougher... every one also say tough... i havent experince it first hand b4... tomolo my first xperince... and result on march... then i let u knoe... hahaha....

if ur hebat... every seating take 3 papers... and every paper pass... 5 seatings kau tim.... meaning 2 1/2 years???? i know of my ex-colleague where i trained, she got hers in 3 yrs.. and they say she is GOD... ~_~" donno true or not... and my supervisor, if u see SUNWAY's acca pamphlet, the prize winner, u can see a repeat of a name... lim kok heng.... now 25 yrs old.. when i left the firm, he was promoted to manager ald.. they say he very keng... if he left the firm, the firm can close shop... medium firm with 300 employees.... but.. cheap stake... pay so low.. work so much...
littlediana
post Dec 9 2007, 02:27 PM

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QUOTE(ellimist @ Dec 9 2007, 08:28 AM)
littlediana I believe it's IAS 8.

No idea what to focus for f7,since I'm doin the paper this sem sweat.gif

But srsly,don't give up on the remainding questions.Dunno also write some nonsense in. Just go through whatever notes u have and at least understand each standard's principles so you have somethin to write. Besides,you need to know standards to do Q2 right wink.gif
*
hehe true true
dunno also write something maybe can get a few marks hehe


littlediana
post Dec 9 2007, 02:28 PM

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for f7
what is that standard that says if there is a standard follow a std/interpretation?
is is IAS 1 or IAS 8????
is it IAS 8???
need help here hehe
thanks blush.gif
lawrence1437
post Dec 9 2007, 03:17 PM

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QUOTE(littlediana @ Dec 9 2007, 02:28 PM)
for f7
what is that standard that says if there is a standard follow a std/interpretation?
is is IAS 1 or IAS 8????
is it IAS 8???
need help here hehe
thanks  blush.gif
*
it is IAS 8... by mys is FRS 108 accounting , change in account estimate and policy ...
i think ... hmm.gif
as FRS 101 is presentation of financial statement it juz a mere statement of wat should be present in bs , pl , cf and etc ....
but i don really understand ur question tongue.gif
but FRS 108 says tat if there is a more suitable , measurable std to follow it should be followed , and the change should be consistant and disclose in financial statement , e.g like .. cash flow .. if the company hav the mean to convert indirect method to direct method it should be follow as direct method shows a more detail financial situation of org ...




ellimist
post Dec 9 2007, 05:42 PM

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QUOTE(littlediana @ Dec 9 2007, 02:28 PM)
for f7
what is that standard that says if there is a standard follow a std/interpretation?
is is IAS 1 or IAS 8????
is it IAS 8???
need help here hehe
thanks  blush.gif
*
I replied to ur question in the post u quoted actually.

It's IAS 8,just looked it up again just now.
roy_pck
post Dec 9 2007, 07:42 PM

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why nobody is talking bout tomorrow's P1? i expect an easy paper from David Campbell. after all he can't set too high standard and results in low passing rate in first sitting right? rolleyes.gif

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