anyone went to P2 yap at Kolej bandar?? What will he be teaching after the result or what topic did he teach till now??i plan to join after result..

pass F8,P1... TQ mr low chin ann

so, prepare urself..this June 08 sitting the rate will drop,and exam would be challenging... My biggest fear is P2..as other paper also the examiner has given the introduction rate (high) and tis coming sitting..wow,gonna be tougher than previous sitting...

when we register, we are called ACCA Student.. Member is given for people fulfill the 3 yrs experience, Affiliate/trainee is student after they finished ACCA exam..
As long the job is relevant to the PER..then it is called relevant experience..

this may differ to other opinion... my fwen told me that :
BIG 4:
u only do simple task in ur first year..i.e. bank reconcil.,etc this may occur that big 4 has creditable sufficient existing staff, as a freshie..u have a limited things to learn..
wherelse medium firm, they really,really need u..probably due to shortage of staff..and in certain event..u may do some task that is way out of ur job scope..but not worth as the salary paid less than big 4 i.e. RM2400..for medium around range of 14XX..
but other say that big 4 will really..really make u work..ie..u may heard people say nite camp at the office..
more info u may visit our own forum on big 4 Big 4 recruitment drive

heck, i didnt received the certs for the part 2 as yet...already send email to acca uk, and now waiting for them to reply..i think perhaps tis time around people pass quite large.so to print out huge certs takes time

anyone know a lecturer by the name of Joyce Yap formerly from Tarc...teaches P2 at PAAC..
how 's her teaching method..may i know

Anyone aware that any candidates going for Micheal P3 revision have to sit for Mock exam next week 19 or 20 6.30-8.30 and 2-4pm respectively..
got call from orange informed me about it

yup, finance has a very broad perspective..it includes corporate finance, investment, financing modelling, treasury also future analysis..in fact, what u learned in P4 is intact with the real business world..u will be applying investment appraisal, forex, black scholes, beta, etc.. its quite interesting still u hv to know financial reporting standards also, but may ignore audit knowledge i.e fraud, internal audit, stock take,audit report and ISA's etc...but of coz u will lose those knowledge..unless u are career jumping prospect..maybe dont want to stay in finance for long term say after 4-5 years switch to audit, than jump to advisory i.e. consulting... but for me i like finance, u will learned a lot..just that the thing that u will learn will make u tired coz its quite lot..i.e. your study will not stop what is in P4 offers,but it has more..extensive wide coverage..CFA or Masters in Finance would be an ideal additional knowledge but of coz by reading books also can just that, its hard to understand ourselves by reading..its quite good also if start wit audit firm get 1 year experience..and then go for commercial.. the best finance job is Banking and Investment companies industries.. u will learned the whole scope of finance..in and out..

This post has been edited by HBK-reloaded: Apr 15 2008, 11:28 PM

anyone takin P3 revision with micheal goin for the quick test tomorrow or saturday... is it compulsory just not ready yet

For P2 candidates, is Exposure Draft (ED) examinable? however it does appear in the exam notes and pilot paper, yet lecturer said its not examinable..so anyone have a solution to my problem..

There is an audit firm hire CAT graduates..mostly small firm..which also as same level as diploma..so if u apply small firm,they'll hire you.. forget bout SME firm or big firm/big 4 if u only hv diploma or cat

I will b going for Michael P3 revision tomorrow at MiM..I wonder is there any parking facilities there?? or any area that able for me to park..

Anyone know the focus topics given by parmindar for P3?

wow,can defer is it?? audit paper tis sitting,worth or not, later after looking at the paper ,wow,novice.....heard that tis sitting audit is gonna be a surprise..hmmm...probably 1st,2nd sitting they wanna pass the student..perhaps..

tq for sharing the tips... at the end of the day, We ended up study all topics.. thats what Professional core level is all about.. hard to give tips as this only 2nd sitting of new syllabus

Exam Tips

F7 Financial Reporting (UK)
Mr. Steven Beasley
• Q1 Consolidations, with either income statement (P&L) on its own
or mixed with Balance sheet
• Q2 Published accounts, with possibility of Re-drafting
• Q3 Cash Flow with Interpretation
• Q4&5 Mixed Standards, possibly Contracts, Impairment,
Depreciation, EPS, Provisions, DT, concepts etc

F9 Financial Management
Mr. Willie Greig
• Investment appraisal with sensitivity analysis
• CAPM and risk adjusted WACC
• Risk and currency
• Working capital management
• Ratios

P7 Adv. Audit & Assurance (IRL)
Mr. Bill James Waddell
• Top Down Approach to planning audits
• Practical Business Risk / Financial Statement Risk Analysis
• Group audits – other auditors/joint audits
• Tendering / Advertising / Fees
• Audit Matters / Evidence for provisions, impairment, discontinued
operations
• Audit responsibilities for ‘Other Information’
• Lack of competition in audit industry and auditor liability issues
• Practical audit reports analysis
• Assurance work on due diligence assignment

Anyone here yet to received exam certs for those pass part 2? quite long for ACCA to sent the certs...

This post has been edited by HBK-reloaded: May 12 2008, 11:59 PM

P7: Advanced audit and assurance
Ms. Patricia Smith.
* Top down approach to planning audits
* Practical business risk/financial statement risk analysis
* Group audits – other auditors/joint audits
* Tendering/advertising/fees
* Audit responsibilities for 'Other Information'
* Lack of competition in audit industry and auditor liability issues
* Assurance work on due diligence assignment
* Audit evidence
* Practice management
* Professional conduct and ethical issues

btw, something that i think might suitable for candidates..

BEFORE THE EXAM

Make sure that you have completed some previous exam papers as part of your final revision under strict time conditions. Also remember to have the answers (or mark scheme) on hand, it's no use thinking that you have the right answers. Even the most able students will make silly errors when working under time pressure. You need to make sure that you concentrate enough to keep the silly errors at a minimum and also ensure that there are no gaping holes in your knowledge skills.

Take a good look at the past year papers, they are unlikely to provide sufficient clues for you to be able to "predict" possible questions for your exam ( mostly on F7,P2, F6, P6 where Standards keep on changing). However, they will help you to appreciate how examiners phrase the questions and help you appreciate the spread of knowledge you require. The questions sometimes contain clues which will help you solve them - remember the sort of clues which crop up and look out for these in your main exam. It's no good only revising part of what you have learned in your subject. If you want to achieve a good grade (or only PASS), make sure that you can have a good attempt at all questions (even if you can't answer the generally trickier later parts of the questions, the earlier parts should be straightforward marks in the bag).

"THE TIME IS 10:00 O'CLOCK, YOU MAY NOW OPEN YOUR PAPERS"

If you've practised some past papers under timed conditions, then this hearing this should be a challenge - rather than a death sentence!

You have been given 15 minutes to ANALYSE through the first to end page - make sure that you use these wisely and know exactly what is expected of you. AND START MAKING ANSWER PLAN (UNLESS CASE STUDY..READ IT!!)

e.g. Some examination papers will say things like: "Unless otherwise indicated candidates should answer to 2 decimal places". Remember this as you will lose a mark by giving an answer as 2.34567834899 rather than rounding it to 2.35. If no indication on rounding is given, ensure that you round your answers to the same degree of accuracy as other numbers which are provided in the question.

Also, make sure that you know how many questions you have to attempt and how long you've got to answer them.

When you open the paper, do you ignore what's in it and steadily go from question 1 to 2 to 3 turning the pages as you go? Or do you find a question which you know very well and do that first to build your confidence. It's entirely up to you. I've found that the best thing to do is to very quickly scan through all the questions - you'll see the ones you know well giving you confidence, but this will give you an overall view of the whole exam paper and will help in managing your time. Then wade your way through the questions in sequence leaving out any that you don't like the look of until later.



DURING THE EXAM

Always check your work. Sometimes you can end up with silly errors and not realise it unless you check that your calculations are correct and that the answer is realistic. Computation questions are notorious for containing calculation errors as there are normally quite a few numbers involved which need punching into your calculator. It's very easy to miss pressing a key on your calculator which can result in silly answers like saying that the distance from the Earth to the Sun is 14 Km or quoting an average age as 230!

Always read each question thoroughly. Don't just think "I know what this is all about" and trample through the question in your hob nailed boots - as you're very likely to come unstuck or make silly mistakes.

If you do a bit of maths before you start the exam it will be a great help, even though not all questions will have the same number of marks, it is a good idea to work out approximately how long you have to answer each question. E.g a 3 hour exam with ? (Depend on which paper you are attempt)questions allows about ? minutes per question - so the last thing you want to do is linger for ages on a tricky question when there are others you could be answering and getting lots of marks for.

Always write down your method of obtaining answers - put down all thoughts you think are relevant. Correct answers do not always attract full marks - On a question worth 6 marks, even if your final answer is wrong it's still possible to get 5 out of 6 marks for showing your method!

When calculating with minus numbers always show your working e.g. 2 - (-7) = 2 + 7 etc. Even experienced mathematicians make mistakes by missing minuses - make sure you don't..mostly on Cash Flow questions where sometimes you will have a negative to deduct perhaps from investing, financing cash flow.

If you can't see how to do any part of a question, miss it out, but leave a gap in your answer book in case you can finish it later. If you are still stuck and time is getting short, then try guessing - you may get lucky.
-George Bullock


This post has been edited by HBK-reloaded: May 13 2008, 01:49 PM

F5 June 2008 exam tips
- Predicted by James Z.

Specialist cost and management accounting techniques
● Activity-based costing: Linacre (paper 2.4 Dec 05), Triple Ltd (pilot paper Q1)
● Target costing: Edward (Dec 07 Q1)
● Back-flush accounting: CSIX (paper 3.3 Dec 05)
● Throughput accounting: Ride (paper 3.3 Dec 04)

Decision-making techniques
● Risk and uncertainty: Envico Ltd (paper 3.3 Dec 05 Q1)
● Pricing: Alocin (paper 3.3 Dec 04 Q1)
● Relevant cost and further process: Sniff Ltd (F5 Dec 07 Q4)

Budgeting
● Flexed budget: Leysel Co (paper 2.4 Dec 06)
● Budgetary control: Spike Ltd (F5 Dec 07 Q3)
● Learning curve: Velo Racers (paper 3.3 June 03), BFG (pilot paper Q3)
● Series analysis: Storrs plc (paper 2.4, June 03 Q2)

Standard costing and variances analysis
● Basic variance: Ash plc (paper 2.4, Jun 06)
● Mix and yield variance: Carat plc (paper 2.4, Dec 03)
● Variance and performance: Simply soup Ltd (pilot paper, Q2)

Performance measurement and control
● Financial Performance evaluation: Ties Only Ltd (F5 Dec 07 Q2)
● Balanced scorecard: Preston (pilot paper Q4),
● Building block model-Fitzgerald and Moon: BLA (paper 3.3, Dec 03)

tq..nope, will be doing next intake for december 2008, coz I joined the class halfway through, so..difficult for me to follow or catchup to a huge number of challenging topics in the p7..and it is likely to say that, tis sitting its 50/50 for this paper, you will find perhaps 1 or 2 question that is doable for section B. anyway, gd luck.