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 ACCA (V4), Accountants

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Raymond_ACCA
post Jul 18 2008, 06:05 PM

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QUOTE(Slowpoke @ Jul 18 2008, 12:34 AM)
Are you crazy? ACCA is one of the easiest professional courses in the world. Just need to sit there and shake leg when the lecturer teach, then go home forget everything is normal. When exam just dish out some random reasoning and hope it makes sense. Just think, you need just 50% of the marks for an exam to pass, that's like answering one question wrong for every one you answer right. At most you have to study for the financial accounting papers, F7 and P2. The rest is mostly 40% logic, 20% guesswork and some good writing. Once i saw an entire 50 mark 3.3 question that even a high school student could answer perfectly.

You should go to any public university and see your peers struggle because they have no idea what the hell their esteemed lecturers are saying - it's probably even worse than primary school. Some people I know said they would never have gotten through uni classes if not for lots of support from seniors.

If you signed up for one of those hardcore colleges which churn out top scorers every semester then it's no use complaining, you are getting your money's worth of 'education' laugh.gif For me it's just one long holiday with short periods of stress and panic laugh.gif
*
wah.. i bet ur marks very high.. don't know.. i feel those papers which require calculations needs alot of practice.. even papers like audit also must practice past year alot.. afterall, must aim high for part 2, not just pass only, coz for OBU first class as well:) but i guess now in Part 3... pass also happy liao:)
Topace111
post Jul 18 2008, 11:15 PM

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I think you can call ACCA is a "simple" professional course but "never easy".

The reason i said so it is not fair to describe ACCA as merely "brain-dumping" exercise (throw everything you know or memorise).
Some prefer to call it "bullshitting" (argue & explain based on your knowledge not on text provided). It is partially correct to say it that way for P1,P3 and some professional papers (even certain lecturers admit so). ACCA is simple to define but never easy to comprehend as it is impossible that no theoretical, models, formulaes, framework will be included in any ACCA syllabus.

It will do no justice to those who had failed once / twice ...... in any ACCA papers as this was a norm in the past history. Sometimes you need to be a hardworking student (pratice, memorise, no truancy) or a smart student (focus, innovative, reasoning) or the aggresive student (get every kaplan, BPP books he / she can get). Some approach work on certain papers and some failed completely, while some were lucky to spot the correct topic.

Well i don't know most of you out there but i can deduce from my past experience, most ACCA students have a common behaviour.
B4 result = scared to death, negative mind-set, a pass will suffice, conduct a party if pass, pray very hard, stay up all day to wait for result.....
After result (if pass) = complain why marks not high enough cry.gif (for those aiming for world prize), telling juniors the paper was not so tough actually. icon_rolleyes.gif
After result (if fail) = You don't want me to tell do ya? shocking.gif
TSThanatosSwiftfire
post Jul 19 2008, 01:11 PM

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b4 results is usually = ah wth, let's party hahahaha
1 day b4 results = shit.. tomorrow la..
results day = prays alot
after got results
if pass all = f*** yeah, party!!!!!!!!!
if fail 1 = omfg emo laaaaaaaaaaaaaaaaaaaaaaaa sleep.gif
if fail more than 1 = *speechless* don't dare tell parents.

><

pristina
post Jul 19 2008, 02:42 PM

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QUOTE(Raymond_ACCA @ Jul 17 2008, 10:38 PM)
Experience is good:) but when u go UK study acca... in the end ull just end up studying, hardly got any life:D
I know some friend who study degree there only shiok.. can drive here drive there visit places.. but acca student.. dun think got time kua tongue.gif

Btw, my lecturer advice say its better study acca finish here, coz lecturer in Msia more to spoon feed, rather than giving a brief lecture, then have to self study..

If u really wanna go UK, maybe try to apply for a job overseas in the future:D
*
May be for the six months or more then that to stay over there?
wish to get that some memories in my study life when old age smile.gif and of course to study well


Added on July 19, 2008, 2:44 pm
QUOTE(Slowpoke @ Jul 18 2008, 12:34 AM)
Are you crazy? ACCA is one of the easiest professional courses in the world. Just need to sit there and shake leg when the lecturer teach, then go home forget everything is normal. When exam just dish out some random reasoning and hope it makes sense. Just think, you need just 50% of the marks for an exam to pass, that's like answering one question wrong for every one you answer right. At most you have to study for the financial accounting papers, F7 and P2. The rest is mostly 40% logic, 20% guesswork and some good writing. Once i saw an entire 50 mark 3.3 question that even a high school student could answer perfectly.

You should go to any public university and see your peers struggle because they have no idea what the hell their esteemed lecturers are saying - it's probably even worse than primary school. Some people I know said they would never have gotten through uni classes if not for lots of support from seniors.

If you signed up for one of those hardcore colleges which churn out top scorers every semester then it's no use complaining, you are getting your money's worth of 'education' laugh.gif For me it's just one long holiday with short periods of stress and panic laugh.gif
*
which college you are? or university?


Added on July 19, 2008, 2:46 pm
QUOTE(Raymond_ACCA @ Jul 18 2008, 06:05 PM)
wah.. i bet ur marks very high.. don't know.. i feel those papers which require calculations needs alot of practice.. even papers like audit also must practice past year alot.. afterall, must aim high for part 2, not just pass only, coz for OBU first class as well:) but i guess now in Part 3... pass also happy liao:)
*
we have a same mind icon_rolleyes.gif
Kambateh! flex.gif


Added on July 19, 2008, 2:48 pm
QUOTE(Topace111 @ Jul 18 2008, 11:15 PM)
i don't know most of you out there but i can deduce from my past experience, most ACCA students have a common behaviour.
B4 result = scared to death, negative mind-set, a pass will suffice, conduct a party if pass, pray very hard, stay up all day to wait for result.....
After result (if pass) = complain why marks not high enough cry.gif  (for those aiming for world prize), telling juniors the paper was not so tough actually. icon_rolleyes.gif
After result (if fail) = You don't want me to tell do ya? shocking.gif
*
laugh.gif laugh.gif

one more month again..now is scare,negative mind,pass will suffice and so and so..

sweat.gif

This post has been edited by pristina: Jul 19 2008, 02:48 PM
rachelmay1402
post Jul 20 2008, 02:11 AM

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QUOTE(Topace111 @ Jul 18 2008, 11:15 PM)
I think you can call ACCA is a "simple" professional course but "never easy".

The reason i said so it is not fair to describe ACCA as merely "brain-dumping" exercise (throw everything you know or memorise).
Some prefer to call it "bullshitting" (argue & explain based on your knowledge not on text provided). It is partially correct to say it that way for P1,P3 and some professional papers (even certain lecturers admit so). ACCA is simple to define but never easy to comprehend as it is impossible that no theoretical, models, formulaes, framework will be included in any ACCA syllabus.

It will do no justice to those who had failed once / twice ...... in any ACCA papers as this was a norm in the past history. Sometimes you need to be a hardworking student (pratice, memorise, no truancy) or a smart student (focus, innovative, reasoning) or the aggresive student (get every kaplan, BPP books he / she can get). Some approach work on certain papers and some failed completely, while some were lucky to spot the correct topic.

Well i don't know most of you out there but i can deduce from my past experience, most ACCA students have a common behaviour.
B4 result = scared to death, negative mind-set, a pass will suffice, conduct a party if pass, pray very hard, stay up all day to wait for result.....
After result (if pass) = complain why marks not high enough cry.gif  (for those aiming for world prize), telling juniors the paper was not so tough actually. icon_rolleyes.gif
After result (if fail) = You don't want me to tell do ya? shocking.gif
*
doh.gif biggrin.gif feel like rooling on the floor reading this message, you really do understand ACCAian thumbup.gif anyway it works at the moment to release our tension wink.gif
cospi03
post Jul 20 2008, 03:02 AM

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QUOTE(Slowpoke @ Jul 18 2008, 12:34 AM)
Are you crazy? ACCA is one of the easiest professional courses in the world. Just need to sit there and shake leg when the lecturer teach, then go home forget everything is normal. When exam just dish out some random reasoning and hope it makes sense. Just think, you need just 50% of the marks for an exam to pass, that's like answering one question wrong for every one you answer right. At most you have to study for the financial accounting papers, F7 and P2. The rest is mostly 40% logic, 20% guesswork and some good writing. Once i saw an entire 50 mark 3.3 question that even a high school student could answer perfectly.

You should go to any public university and see your peers struggle because they have no idea what the hell their esteemed lecturers are saying - it's probably even worse than primary school. Some people I know said they would never have gotten through uni classes if not for lots of support from seniors.

If you signed up for one of those hardcore colleges which churn out top scorers every semester then it's no use complaining, you are getting your money's worth of 'education' laugh.gif For me it's just one long holiday with short periods of stress and panic laugh.gif
*
i got ur point... but considering that u propose to go to public university... i dont agree... coz university student just have to 'sapu buntut' lect and then get a high score given free by that lect.. i know this very well bcoz i'm also from ipta but only fer diploma level, then i study ACCA directly rather than continuing degree programme bcoz frustrated that other student who are not suppose to get high mark, achieved it by 'sapu buntut' lect.. sorry to say this... but its fact... drool.gif

This post has been edited by cospi03: Jul 20 2008, 03:03 AM
moon yuen
post Jul 20 2008, 08:25 AM

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QUOTE(cospi03 @ Jul 20 2008, 03:02 AM)
i got ur point... but considering that u propose to go to public university... i dont agree... coz university student just have to 'sapu buntut' lect and then get a high score given free by that lect.. i know this very well bcoz i'm also from ipta but only fer diploma level, then i study ACCA directly rather than continuing degree programme bcoz frustrated that other student who are not suppose to get high mark, achieved it by 'sapu buntut' lect.. sorry to say this... but its fact...  drool.gif
*
Actually, Public University is a bit weird.

Popular courses like Accounitng, Engineering, Medicine. It is not easy to SCORE !! Since there are so much STPM/ Matriks top students in the course & the lecturers don't have any reason to mark leniently. Ya, they may not FAIL you, but give an A, you must be good.

However, for certain courses which is not so popular ,eg. Business Management, Environmental Engineering, Perhutanan. This courses is particulary easy to score since most students that pick this courses are those with rather average or poor STPM result. The lecturers have to mark more leniently in order to produce some As STUDENTS for the course. These As students may be just average, but they are considered good among their below average peers.
My boyfriend is an example for this senario... ( he is dean list in public university, vomit blood !!) biggrin.gif
vin_ann
post Jul 20 2008, 09:41 PM

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QUOTE(Topace111 @ Jul 18 2008, 11:15 PM)
I think you can call ACCA is a "simple" professional course but "never easy".

The reason i said so it is not fair to describe ACCA as merely "brain-dumping" exercise (throw everything you know or memorise).
Some prefer to call it "bullshitting" (argue & explain based on your knowledge not on text provided). It is partially correct to say it that way for P1,P3 and some professional papers (even certain lecturers admit so). ACCA is simple to define but never easy to comprehend as it is impossible that no theoretical, models, formulaes, framework will be included in any ACCA syllabus.

It will do no justice to those who had failed once / twice ...... in any ACCA papers as this was a norm in the past history. Sometimes you need to be a hardworking student (pratice, memorise, no truancy) or a smart student (focus, innovative, reasoning) or the aggresive student (get every kaplan, BPP books he / she can get). Some approach work on certain papers and some failed completely, while some were lucky to spot the correct topic.

Well i don't know most of you out there but i can deduce from my past experience, most ACCA students have a common behaviour.
B4 result = scared to death, negative mind-set, a pass will suffice, conduct a party if pass, pray very hard, stay up all day to wait for result.....
After result (if pass) = complain why marks not high enough cry.gif  (for those aiming for world prize), telling juniors the paper was not so tough actually. icon_rolleyes.gif
After result (if fail) = You don't want me to tell do ya? shocking.gif
*
well said. haha.

ACCA is just a paper qualification for us to gain into the working field. after that, it's on our own.
carlosandy
post Jul 21 2008, 09:12 AM

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QUOTE(Slowpoke @ Jul 18 2008, 12:34 AM)
Are you crazy? ACCA is one of the easiest professional courses in the world. Just need to sit there and shake leg when the lecturer teach, then go home forget everything is normal. When exam just dish out some random reasoning and hope it makes sense. Just think, you need just 50% of the marks for an exam to pass, that's like answering one question wrong for every one you answer right. At most you have to study for the financial accounting papers, F7 and P2. The rest is mostly 40% logic, 20% guesswork and some good writing. Once i saw an entire 50 mark 3.3 question that even a high school student could answer perfectly.

You should go to any public university and see your peers struggle because they have no idea what the hell their esteemed lecturers are saying - it's probably even worse than primary school. Some people I know said they would never have gotten through uni classes if not for lots of support from seniors.

If you signed up for one of those hardcore colleges which churn out top scorers every semester then it's no use complaining, you are getting your money's worth of 'education' laugh.gif For me it's just one long holiday with short periods of stress and panic laugh.gif
*
I don't agree with you!

Ya, you are right. ACCA is easy if compare to the some of same level prof course like CIMA, ICAEW and etc. But do you understand that ACCA exam is very practical? You must know how to apply what the lecturer teach, but no learn by hard for theory. At the same time, you must understand examiner requirement. If you fail to make examiner requirement, I can sure the big chance you will fail for the professional level paper.

For eg, 3.2/P6 paper. examiner treat candidates like tax adviser. Can you get 50m with just 40% logic, 20% guesswork and some good writing?

Just remember in ACCA, study and exam can be difference story. For eg in P1, do you think examiner will ask you" What is CG, What is openness, Define Risk Assessment and etc?"

And do you know some paper like P3, actually is a mixed of few subject for the student study in Uni? I got a lot of friend from uni, they go to take ACCA after get degree. Majority of them feel that ACCA was very difficult even ACCA only need us to get 50m.

One of my friend take P3 last sitting, she know the business model very well and can memorise it very well. But the problem was she don't know how to apply it to the case. Another problem was she feel that unfair for this paper cos the senario in Sec B question too long and until she only can answer the question without fully read the senario.

Can you imaging in 3 hours exam, you need to apply a lot of theory in the question for that paper, still easy? But may be for you, ACCA is easy than degree course, but for others ppl, ACCA is very hard.

We always remember, ACCA qualification was higher than Degree and below Master.

This post has been edited by carlosandy: Jul 21 2008, 01:42 PM
Raymond_ACCA
post Jul 21 2008, 11:00 AM

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eh... ACCA below masters meh? My lecturer say she sit for MBA, the syllabus not as wide as ACCA, only alot of reports/assignments.

And according to another of my lecturer, he said he has a masters in finance or something, but only add up to 30-40% of P4 syllabus = =
Topace111
post Jul 21 2008, 01:05 PM

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QUOTE(Raymond_ACCA @ Jul 21 2008, 11:00 AM)
eh... ACCA below masters meh? My lecturer say she sit for MBA, the syllabus not as wide as ACCA, only alot of reports/assignments.

And according to another of my lecturer, he said he has a masters in finance or something, but only add up to 30-40% of P4 syllabus = =
*
I think some considered ACCA is below master bcos of this perception :
Master student : more specialised approach = must know everything about something.
ACCA student : covers wider scope = must know something about everything.

However master in accounting is actually not really "add-value" to accounting proffesion per-se unless you want to do accounting works for the rest of your life which is not very realistic in my opinion. Accounting can be diversed into many other branch like audit, finance, consultant, analyst....
That also applies to engineering. However courses like law & medic requires master / PHD as it was hard for them to diversify.

Some people argued that degree is better, but that was the past since there are more degree holders out there than professional qualification holder.
Once a lecturer of mine (degree holder + ACCA affiliate) told me that degree is good coupled with ACCA but on its own it only show the student good in preparing report, thesis but lack the practical & application. Some ACCA graduates told me they will face difficulties in their early experience
but after they get use the system, ACCA holder can easily leapfrog degree holders as they are condiered more "versatile".

I have a firend who works in PLC who told me that Degree holder in accounting max salary range (incuding experience) around RM 5000 - RM6000.
ACCA holder depends on profession, internal audit/ accounting = RM7000 - 8000, finance > RM8000. Tax was rather specialised as most comp outsourcing it but it ranges around finance range as well.


pinkbear
post Jul 21 2008, 01:34 PM

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Added on July 21, 2008, 1:36 pmAndrew Pang(KSA) and Chan Tze Kang(MCO), which lecturer is better in teaching P4 ?

Thanks for advice.

This post has been edited by pinkbear: Jul 21 2008, 01:36 PM
carlosandy
post Jul 21 2008, 02:09 PM

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QUOTE(pinkbear @ Jul 21 2008, 01:34 PM)
1


Added on July 21, 2008, 1:36 pmAndrew Pang(KSA) and Chan Tze Kang(MCO), which lecturer is better in teaching P4 ?

Thanks for advice.
*
Depend lo!

Andrew very strong in calculation, but theory just so so only.

Acording to my friend, Chan Tze Kang can balance in both calculation and theory, just the calculation part not so strong as per Andrew.
Topace111
post Jul 21 2008, 02:59 PM

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QUOTE(carlosandy @ Jul 21 2008, 02:09 PM)
Depend lo!

Andrew very strong in calculation, but theory just so so only.

Acording to my friend, Chan Tze Kang can balance in both calculation and theory, just the calculation part not so strong as per Andrew.
*
Why not consider Daniel Ho, he is also a veteran on this field. I heard from student feedback he is slightly better than Chan & Andrew bcos he is a finance specialist whilst the other two lecturer generalised in management & finance.

carlosandy
post Jul 21 2008, 03:07 PM

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QUOTE(Topace111 @ Jul 21 2008, 02:59 PM)
Why not consider Daniel Ho, he is also a veteran on this field. I heard from student feedback he is slightly better than Chan & Andrew bcos he is a finance specialist whilst the other two lecturer generalised in management & finance.
*
Ya, Daniel Ho good oso according to my friend.
Slowpoke
post Jul 21 2008, 07:48 PM

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QUOTE(carlosandy @ Jul 21 2008, 09:12 AM)
For eg, 3.2/P6 paper. examiner treat candidates like tax adviser. Can you get 50m with just 40% logic, 20% guesswork and some good writing?

Just remember in ACCA, study and exam can be difference story. For eg in P1, do you think examiner will ask you" What is CG, What is openness, Define Risk Assessment and etc?" 

And do you know some paper like P3, actually is a mixed of few subject for the student study in Uni? I got a lot of friend from uni, they go to take ACCA after get degree. Majority of them feel that ACCA was very difficult even ACCA only need us to get 50m.

One of my friend take P3 last sitting, she know the business model very well and can memorise it very well. But the problem was she don't know how to apply it to the case. Another problem was she feel that unfair for this paper cos the senario in Sec B question too long and until she only can answer the question without fully read the senario.

Can you imaging in 3 hours exam, you need to apply a lot of theory in the question for that paper, still easy? But may be for you, ACCA is easy than degree course, but for others ppl, ACCA is very hard.

We always remember, ACCA qualification was higher than Degree and below Master.
*
Well, you said it yourself.

- If you can memorise the theory and can't apply it,
- If you can't read a simple story and understand it inside 3 hours (unfair?)
- If you can't put your knowledge down on paper effectively

...your studying is fail and you should rightfully fail. Come on, how hard is it to wrap your head around some concepts with real life examples? Sure I concede that for technical papers such as tax and finance you need to hit the books, but it's no different than trying to memorise what the sultan-sultan melaka did back in form 2. If ask you to explain a bit also cannot, yet you can pass an engineering or programming paper beautifully, it's obvious your talent lies in that direction.

And as for your friend, I think she wouldn't want herself to pass as well. Can you imagine what the standard of acca will be like, if you can't even satisfy the minimum requirements and can still pass? Now that would be really unfair to you and me. If she has problems reading stories in english, perhaps she should work on her reading comprehension, or practise her writing and thinking by doing more past year papers. I don't see why the 3 hour limit is a problem, she has taken 10+ papers until P3 and should be used to the exact same conditions as all the previous papers. Do you think you will have 3 hours to read a one-page document at work?

This post has been edited by Slowpoke: Jul 21 2008, 08:02 PM
roy_pck
post Jul 21 2008, 08:52 PM

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QUOTE(pinkbear @ Jul 21 2008, 01:34 PM)
1


Added on July 21, 2008, 1:36 pmAndrew Pang(KSA) and Chan Tze Kang(MCO), which lecturer is better in teaching P4 ?

Thanks for advice.
*
chan tze kang roxxx!!! u won't fall asleep in his class coz it is so exciting!! rclxm9.gif thumbup.gif
Topace111
post Jul 21 2008, 11:32 PM

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I think you can distinguish degree and ACCA this way like SPM.
Degree : your SPM trial (your score depends on your school reputation like premier school, teachers ability & experience)
: your degree class (depend on which university / college you belong to)

ACCA : your real SPM (you do not know who marks your paper, neither the marker knew you as well)
: ACCA qualification (every one sits for the same paper).

Most people said trial exam in "Malaysia" are tougher than the real one. However with paper like ACCA which cater to students world wide it is not
practical to set it at low difficulty level but setting it at a reasonable level. Degree diffculty is more likely at the discretion of respective university, can you compare the Ivy league with our local college shocking.gif . One must know also that the marking scheme for degree is very subjective depending on the course material as well.

keith_hjinhoh
post Jul 22 2008, 12:26 AM

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You are basically slapping your own face....

QUOTE(Slowpoke @ Jul 21 2008, 07:48 PM)
Well, you said it yourself.

- If you can memorise the theory and can't apply it,
- If you can't read a simple story and understand it inside 3 hours (unfair?)
- If you can't put your knowledge down on paper effectively
I thought you say:
QUOTE
When exam just dish out some random reasoning and hope it makes sense. Just think, you need just 50% of the marks for an exam to pass, that's like answering one question wrong for every one you answer right. At most you have to study for the financial accounting papers, F7 and P2. The rest is mostly 40% logic, 20% guesswork and some good writing.

So your 40% Logic, 20% Guesswork and some good writing skills now requires some application knowledge, memorising skill, read the whole stories in less than 3 hours and put your knowledge on paper effectively?

I thought you said it's blardy easy?


QUOTE
...your studying is fail and you should rightfully fail. Come on, how hard is it to wrap your head around some concepts with real life examples? Sure I concede that for technical papers such as tax and finance you need to hit the books, but it's no different than trying to memorise what the sultan-sultan melaka did back in form 2. If ask you to explain a bit also cannot, yet you can pass an engineering or programming paper beautifully, it's obvious your talent lies in that direction.

Because technical papers are nothing much like sultan sultan melaka where they've dead and they won't change unlike our exam.

QUOTE
And as for your friend, I think she wouldn't want herself to pass as well. Can you imagine what the standard of acca will be like, if you can't even satisfy the minimum requirements and can still pass? Now that would be really unfair to you and me. If she has problems reading stories in english, perhaps she should work on her reading comprehension, or practise her writing and thinking by doing more past year papers. I don't see why the 3 hour limit is a problem, she has taken 10+ papers until P3 and should be used to the exact same conditions as all the previous papers. Do you think you will have 3 hours to read a one-page document at work?

I thought you said


QUOTE
Are you crazy? ACCA is one of the easiest professional courses in the world. Just need to sit there and shake leg when the lecturer teach, then go home forget everything is normal. When exam just dish out some random reasoning and hope it makes sense. Just think, you need just 50% of the marks for an exam to pass, that's like answering one question wrong for every one you answer right. At most you have to study for the financial accounting papers, F7 and P2. The rest is mostly 40% logic, 20% guesswork and some good writing. Once i saw an entire 50 mark 3.3 question that even a high school student could answer perfectly.


Therefore, I rest my case.
Raymond_ACCA
post Jul 22 2008, 12:47 AM

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^ well said. U guys have really good argument / debating skills. Shit, i better buckle up on that too, before facing the real world biggrin.gif

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