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 ACCA (v3), our future chartered accountants :)

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keith_hjinhoh
post Dec 7 2007, 11:23 PM

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QUOTE(yyteik @ Dec 7 2007, 11:12 PM)
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...
must use ink pen izzit??
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Black ink pen only.
No worry as the invigilator will be there to guide you to fill in. Just hands up when you dont know.


Added on December 7, 2007, 11:24 pmGuyz, how good is Kolej Bandar in lecturing P1,P2,P3? Any review from our LYN member before? I heard the price of it is quite attractive.

This post has been edited by keith_hjinhoh: Dec 7 2007, 11:24 PM
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?
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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.
keith_hjinhoh
post Dec 10 2007, 02:40 AM

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QUOTE(jamesme135 @ Dec 10 2007, 01:31 AM)
hi sching,
I'm taking P1 next sem, but undecided whether want to study by myself or attend class.
so just wanna enquire, is P1 = mostly theory or involve calculations as well?
Where and which books do u purchase??

ok thanks....

p.s wat about P2 or P3?
if din attend class, can pass???
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theory smile.gif
BPP and Kaplan also not bad icon_rolleyes.gif
keith_hjinhoh
post Dec 11 2007, 12:30 AM

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QUOTE(jamesme135 @ Dec 10 2007, 01:16 PM)
hi i have a question here regarding leasing....
how do we calculate IRR,

for example,

46410 = 13310 + (13310 x AF3)
AF3 = 33100/13310
      = 2.49

From there, how do we calculate the IRR %, since they don't provide the annuity table.
Kindly help. thanks
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IRR there's a formula. For this question, everything is given, IRR % is just so easy! Just throw and compute the figure.
keith_hjinhoh
post Dec 13 2007, 09:07 PM

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QUOTE(annvogue @ Dec 13 2007, 08:21 PM)
hey, guys....when is it timetable for Jun08 exam ? i have to see 1st before decide which papers to take ...the last xm i thinking F7+F5 definitly fail....can do it...have no confidence on those papers...too concentrate on F8 & F6....Then by the time for F7& F5.....i sort of chicken out....i dont know why...my be so stress out la..........

i wish to take one of part3 papers......but have to see if there is no clashes..than can take one paper of part3....

Does any1 know, when KSA timetable will be out? I choose Kasturi once again for this sitting...cant afford to go McO...Dont want to burden my parents la....No matter where u study, but the afford u put into your studies is more important right?
I learn my lesson, revise early n  make consistent study........where last xm...towards xm, im stressed out ,,,,panic bcoz alot of things not yet cover...........................I really feel i make my parents upset .... cry.gif  cry.gif

Hope this coming sitting...2008 with new resolution....i can make it this time........................... sad.gif  sad.gif  sad.gif
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do more practise, especially past year paper and understand the subject well... i think the time table for ACCA Jun-08 already out.. go acca websites check it.. KSA, call them up wink.gif Their websites got telephone, they will let u know icon_idea.gif icon_idea.gif

This post has been edited by keith_hjinhoh: Dec 13 2007, 09:08 PM
keith_hjinhoh
post Dec 16 2007, 01:59 AM

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QUOTE(hootguuy @ Dec 16 2007, 01:23 AM)
The problem is some new syllabus, no pass year to practise...
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Well, there is actually. Some topic is either derived from old paper and revised or new syllabus from other subject.. try to buy exam kit from bpp. Then you'll have chance to revise and practise on revised past year question .
keith_hjinhoh
post Dec 18 2007, 01:20 AM

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Guyz, i'd like to ask, is there any significance benefit for us to take AAA P7 than other subject such as AFM,APM?

I've make my choice of taking tax, now left the other subject... So i have to weight the cost and benefits...
keith_hjinhoh
post Dec 18 2007, 02:12 PM

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QUOTE(coolly @ Dec 18 2007, 10:20 AM)
actually in msia..no significance nebefit if u take AAA...
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What do you mean? can give me more example? I understand that this is very important choice as there's no way back... icon_question.gif
keith_hjinhoh
post Jan 10 2008, 01:17 AM

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QUOTE(faradie @ Jan 9 2008, 08:58 PM)
Have been reading yr comments on ACCA for some time. Most students appear to be asking about the quality of lecturers. Here's my 2 cents worth. No matter how brilliant, the lecturer is not sitting yr exam... you are and the key to success is hard work, perseverance, understanding of topic and last but not least, esp for papers which emphasize written rathen that numerical ability, good english. I hope that u don't write in yr exams like what u are writing here.
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Wrong. Good lecturers is a basic ways to success. Without a good guidance from lecturer, we might take more time to learn. A good lecturer makes you success faster and easier. A bad lecturer also can give u success, but you've to take more time (resit).
keith_hjinhoh
post Jan 10 2008, 09:10 PM

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QUOTE
3 members replied to my post and I have randomly taken the first reply to take the issue a little further. This is the issue of written English.
A good lecturer is not there or able to improve the quality of it.

We're doing ACCA, a strategic paper that in normal circumstances, most of us would not be able to finish all the question with complete set of answer. Therefore, we need a strategy to pass the exam. A good lecturer with his experience able to point this out. Without a good lecturer, students tends to take more time in establishing his own strategy which may or may not be usefull at all.

QUOTE
For a written paper like P3, you cannot pass the paper by memory work.
Becuase we are dealing with factors which are inherently uncertain such as people and the weather which affect strategy, the examiner is looking at how you provide factual, logical arguments. No two answers will be the same.

Yes of course. English is one of the factor in passing ACCA. However, as long as students able to apply the concept and write out explanation and argument appropriately, i find no reason one can't pass P3. A good lecturer is here to point student how to tackle question. Points to be take note and etc.
QUOTE
Therefore, coming to my point, you need to express yourself well and be able to have a good command of English. This is to help you understand the questions and express yourself well in your answers.

Of course english is important. However, what i'm stressing here is. Even though one may posses a good command of english, but if the lecturer is weak in teaching, he/she may not be able to pass the exam 'easily' than those who have better guidance from lecturer.

QUOTE
With due respect, there are many grammatical errors in the written replies of all 3 members who posted. The examiner is UK based and so is the Body, this is one major issue. How many Malaysian students fail their written papers due to poor English? Is a lecturer able to help you in your English? Afeter all, he is not there to teach you English.
I would be interested to know the pass rates of Malaysian and Singapore ACCA student members. Is this available?


You may try to contact ACCA Malaysia and Singapore respectively for the information.
A good lecturer is not there to help students who's weak in english. However, he/she is there to helps the student by providing a strategy way to answer and tackle question and understand the framework in respective subject easier. Which comes back to my point:

QUOTE
Wrong. Good lecturers is a basic ways to success. Without a good guidance from lecturer, we might take more time to learn. A good lecturer makes you success faster and easier. A bad lecturer also can give u success, but you've to take more time (resit).


With a fundamental rules, you must have a good command of english. Need not to be well versed, but at least no problem in reading and understanding.

This post has been edited by keith_hjinhoh: Jan 11 2008, 11:56 AM
keith_hjinhoh
post Jan 20 2008, 12:20 AM

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QUOTE(kelvinlee1983 @ Jan 19 2008, 09:52 PM)
Can anyone help me ?

1)which of the following is NOT a revenue reserve
A)general reserve
B)Retained Profit
C)Share Premium
D)Accumulated Profit

2)An appropriation is not part of the profit and loss account for which type of business organisation:
A)sole trader
B)Partnership
C)Limited Company
D)Public limited company

3)An accumulated fund of an organisation is the same as:
A)The assets of the organisation
B)the profits of the organisation
C)The net worth of the organisation
D)The bank balance of the organisation

It is difficult to me.
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1st no one will do this for you. If this is difficult, you dont deserve for ACCA at all.

hint 1
something that's capital in nature is not revenue reserve

hint 2
someone can take all business profit and loss required no appopriation

hint 3
asset+liability = equity
keith_hjinhoh
post Jan 21 2008, 05:41 PM

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QUOTE(VpIc @ Jan 20 2008, 09:16 PM)
it cannot be CAC,

for question 1, C is correct.
for question 2, the answer should be B. sole traders do not do appropriation. only partnership do appropriation account to split the profits of the partnership to the respective partners.
question 3, i feel it is C.
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Partnership, Private owned companies, PLC do appopriation.
Partnership->Partners
Companies->Minority interest


keith_hjinhoh
post Feb 17 2008, 12:17 PM

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QUOTE(soul_project @ Feb 17 2008, 10:15 AM)
they never ask us to confirm email this year and i see the accaglobal.com website say results will be published on site tommorow

maybe this year they don't send results via email already ?
is that possible ?
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Not possible. I received an email instruction on how to received result by email. But it seems i can't find anyway to register. flex.gif

ACCA Result released on 18/2/2008 12:00 noon Malaysia Time!
keith_hjinhoh
post Feb 18 2008, 12:40 PM

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QUOTE(aliftaufiq @ Feb 18 2008, 07:57 AM)
Good luck guyz n gurlz smile.gif


Added on February 18, 2008, 7:59 am
I got the result around 8pm for last examniantion using yahoo sweat.gif
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Sorry guyz, my calculation mistake. It should be 12.00 midnight.
1600 GMT
Malaysia +800
24:00 is midnight.
keith_hjinhoh
post Apr 13 2008, 12:03 AM

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QUOTE(Joel718 @ Apr 10 2008, 04:32 PM)
yada yada...
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At the end of the day, it's the value perceived by us. Sunway College have the reputation. They earned the customer, they deserve it. But it's up to the customer to see the differences, which perspective they look at, and what they need afterall.
keith_hjinhoh
post May 18 2008, 03:39 PM

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QUOTE(owenwong84 @ May 17 2008, 12:29 AM)
CPA is expensive and very strict.. after getting the degree from respective uni, the balance paper is read by ur own if u were in malaysia.  notworthy.gif  notworthy.gif who can pass it
When i ask about tuition for the remaining paper, the guy give me a weird look, indirectly look down at me(as ACCA)  sad.gif  tongue.gif
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I thought CPA is easier? Since their exam is objectives question... Tembak only ma... Their marks is mostly depends on assignment also... Personally, I prefer CPA tthan ACCA... But already chosen...What to do? Now already professional level... Lv3... rclxub.gif rclxub.gif

QUOTE(SkyBlue® @ May 17 2008, 10:44 AM)
By the way, what have you all learn from the ACCA?

I mean other than the papers theory, accounting standard, audit procedures, income tax and etc... what else you all learn from the ACCA in life? mind to tell?
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Everything that sufficient enough for you to work in any industry primarily in finance, accounts, commercial sectors .
keith_hjinhoh
post May 20 2008, 12:27 AM

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QUOTE(SkyBlueŽ @ May 19 2008, 10:45 PM)
In Malaysia, ACCA is well recognised and "better" than CPA.  thumbup.gif  Reason? ACCA allow you to study accounting standard, audit and tax in Malaysian syallabus. While CPA is merely for Australian accounting standard, audit and tax. If you are the employer, I'm sure you will employ someone who is familiar with Malaysian laws and regulation.

However, if you working in Austrialia, than it will be another story.  whistling.gif
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You are giving wrong information.
CPA is well recognised in Malaysia, ok??????????
I've plenty of friends now working in Big4 using their CPA results!
And it's very much easier
the only drawback is it's more expensive!!!!

And CPA can become ACCA by taking 2-3 more papers only!!!!!

This post has been edited by keith_hjinhoh: May 20 2008, 12:28 AM
keith_hjinhoh
post May 21 2008, 03:07 AM

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QUOTE(SkyBlueŽ @ May 20 2008, 10:21 AM)
You have plenty of friends working in Big 4 huh? Just wonder, are you from Big 4 as well? Do you know that Big 4 will pay higher increment if you holding ACCA?  This is a fact that whether you like it or not.

Anyway, i just here to share some pratical experinces with all the future chartered accountants. If you think i giving wrong information, is up to you to say.
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Mind you, you are talking about "Recognition" not "Salary increment" ok?

Yes, my friends grad faster than me because their courses start earlier than mine, so they're now in Big4s while i still struggling to complete my ACCA and it's easier from wat they told me.

QUOTE
lol~ im not sure wats ACCA passing score. but for CPA, we need at least 60-65 marks (dpn on the semester average score, can be 60 or 65)... so it aint tat easy as u tink... bside, compulsory unitz make up of both case studies and mcq...


According to what my friend told me, the assignment of each subject actually takes up quite high percentage in final exam, it's roughly about 40-50% right? So what's so hard to get another 10-20% for a pass?


Added on May 21, 2008, 3:07 am
QUOTE(bliss18 @ May 21 2008, 12:52 AM)
hi ppl. do you all know if there's still any ongoing P2 revision classes in KL? In any college? Thanks...might wana last minute join one...
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I did. Kasturi Keith Farmer's class. tongue.gif

Start from 24th-26. Aint sure there's still places available. You can try to contact them...

This post has been edited by keith_hjinhoh: May 21 2008, 03:08 AM
keith_hjinhoh
post May 21 2008, 06:12 PM

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QUOTE(littlediana @ May 21 2008, 04:40 PM)
now is closer and closer to exam sweat.gif
so scary sweat.gif
i havent started revising or looking at p2

dont know where to start cry.gif and where to look at first?
i started on p1  sweat.gif
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tongue.gif You better start your P2, it's hell lotsa things to study nod.gif nod.gif


Added on May 21, 2008, 6:13 pm
QUOTE(littlediana @ May 21 2008, 04:28 PM)
we will receive exam certs for those who pass part 2?
i did not receive mine =( cry.gif
is it out yet or something? anyone receive theirs?
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You can print from the internet wat...
I havent receive mine too... Guess it's not yet send...

This post has been edited by keith_hjinhoh: May 21 2008, 06:13 PM
keith_hjinhoh
post Jun 9 2008, 12:10 AM

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QUOTE(Computer^freak @ Jun 8 2008, 10:35 PM)
Sorry guys, dont mean to spoil the mood but isnt it ACCA's exam questions not possible to spot ??
Dont depend on tips ler, they are never accurate one.
There are a lot of lecturers who come out with tips
in powerpoint or pdf format but in the end, its like study everything. That's the safe bet.

Anyway, good luck and to good health on the day of exam.
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LOL, this is very true. Dont believe anyone unless it's coming frm the mouth of the question setter.

Usually they spot question based on past yr statistics, thus, it may vary from time to time..

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