I agree P3 doesn't need framework / model for the only answer.
However they also accept general answer / well argued scenario.
This maturity of answer (if general) will lead examiner view to decide whether your general answer is acceptable or not.
This subjective view will depend on the marker (if he is very strict then gone case)

The theory is like this :
- Good general answer = puts you into position where the answer is not wrong / right but since its less authoritative & come from nowhere without strong back-up / reference the answer acceptance is very discretionary in nature.

- Good model answer = its like you push the answet to marker face with all the back-up & support. In that way he cannot marked you wrong already since thses framework is generally accepted in nature (if you apllied it correctly)

The question WILL NEVER ASK for a model / framework directly in this professional level but students are expected to come out with one if circumstances permits. Giving general answer is perfectly fine but needs extra elaboration & stronger case to argue.

Hi, anyone got tip for F8 philip woo? can post here? Thanks alot

Anyone can Pm me P2,P4 and P5 BPP's tips?thx alot

Hi , I am new to accounts.I wanted to find some templates such as

I remember there is a old accounts software or from disket type very old one name "apac" account software.Ever heard before ?
I went and search and microsoft templates website but no luck finding them.
I hope someone can tell me where do I find them.Sorry I am super newbie on it.
Any help will be appreciated

This post has been edited by Maxieos: Nov 26 2008, 09:56 PM

omg exams is getting nearer and nearer...

so afraid of p3! hope to pass..

seems like alot to remember dunno which is which so blur....

Actually P level paper is very hard to spot. As I understand a lot of the question need to make a judgement, assumption, analysis and etc. What I can understand was for P level, we need to know how to design for the answer, even for calculation paper also, and not just based on what is examiner asking. Just like P3, a lot of answer is based on what we argue with the biz model/framework, but need to relevant to the case/senario.

That's the main reason why some ppl study very hard but still fail, but some ppl only know 50% theory and simple goreng with his knowledge, but also can pass.

For me, P level paper need a lot of understanding, but not memorise by hard. We must understand every step we do, then baru can handle P level paper.

This post has been edited by carlosandy: Nov 27 2008, 12:39 AM

totally agree with you. in Professional level, sometimes even the 'tips' come out, you still can't do it without proper understanding and application of knowledge. those who are taking P4 will get what i mean. the examiner himself is so that is why i never reply on tips since i came to Professional level. the tips usually won't come out one

This post has been edited by roy_pck: Nov 27 2008, 12:46 AM

yaa..even spot for p3 last sitting,Porter 5 forces..even came out,yet when need application from scenario..gone case study.. coz only know the element for the 5 forces,but how to apply and relate to case,its troublesome..so no use memorising..

Hello everyone! Long time I didn't post here, LOL!

I'm going for P1 this december. All the best everyone!

Anyone hv BPP spots?

got a stupid question here!
in order to join the exam on December, when is the due date for registration?

15 october 2009 UK date..

Anyone can help me ?

P3-michael's area to focus are as follow:

1)biz strategy
- strategic analysis + choice
- pestel, swot
- means and methods - acquisition, organic, network alliances
2)process analysis & redesign - swimlane
3)project management software quality - what is software quality
4)v-model
5)CMMI
6)package vs bespoke software
7)benchmarking
8)HRM/E-biz

In cases like this, having some business sense helps hahaha. I guess you can start by talking to people, how they do business. Sometimes even hanging out in mamaks listening to how ppl do business might be more helpful than memorizing There's this practical aspect to P3 that if you can know how it relates, the models become natural.

It seems to me that P3 although management paper in nature but involves quite a considerable amount of IT application. Since examiner comfort zone is IT giving more IT application can be an added bonus too. However that cannot be said about the marker though since these are 2 different people. I have 3 paper back to back with no single gap in between, must really plan a strategy to handle time allocation.........

Thanks for the areas..michael,never miss out his swimlane diagram..in fact,i think he is the only one lecturer (teach in msia)introduce swimlane diagram...at 1st even i didnt even heard of it b4..all this tips,in order to gain a pass,need lots of application and try to relate to scenario, if i just write general(unless questions want general)maybe i will score around 40-49...the difficult part is to analyse and try to break down the scenario and search any relevant point related to the above area to focus..

Pls help me answer these questions Corporate Reporting :
(3 different Senario)

P= Parent S=Subsidairy
1.On 1 January 20X5, P sold a non-current asset to S for $25,000. The asset orginally cost $20,000 and at the date of transfer it had a net book value of $15,000. Both companies depreciate non-current assets at 20% on cost per annum. P owns 75% of S.

2.Same as above. Except that S transferred the asset to P.

3. At the beginning of the year, S (60% owned by P) sells goods costing $20,000 to P. P pays $25,000 for the goods & uses them as Non-Current Assets, depreciating over 5 years with a NIL scrap value at the end of the period using straight-line basis.

Show accounting entries at the end of the year.

This post has been edited by moon yuen: Nov 28 2008, 10:05 PM

1. First, reversal entries.

On consolidation, the inter-co sale doesn't exist.
Thus, Dr Consolidated PL 10k, Cr Asset 10k.

Then, because of the inter-co sale, S would've charged higher depreciation.

So, 25k (new NBV) -15k (original NBV) = 10k * 20% (depreciation rate)

Dr Asset 2k
Cr Consol PL 2k * 75%
Cr NCI 2k * 25%

===

2. When did S transfer the asset? Otherwise I can't answer for u.

===

3. 1st, as always, reversal entries.

Dr Consol PL 5k * 60% = 3k
DR NCI 5k * 20% = 2k
CR NCA 5k

Then, Excess Depreciation Adjustment

(URP on asset/EUL = 1k p.a.)

Dr NCA 1k
CR Consol PL 1k

What "NCI" stand for ? NCI = Noncontrolling interest?

I am dummy ...

THe Q2 same with Q1, date etc.

This post has been edited by moon yuen: Nov 28 2008, 05:52 PM