agree. LOL. actually there is no right or wrong. depends on how a person look at an issue

I'm just saying acca is one of the easiest courses, not that you can take a crap on the exam paper and pass. All the skills asked from exam candidates are ones they should already have - reading, writing, reasoning, simple calculation. If you can't fulfill the minimum requirements, well, there is little hope of passing. Anything wrong with that?

If you find reading some short stories about fictional companies and answering questions based on your knowledge and reasoning is too difficult, perhaps it's not really the qualification for you since our IPTA will always give you a passing mark The syllabus doesn't ask that much from students: here is a book, read it and remember some standards, models and theory, understand and apply them to the questions provided, which are usually similar to past year questions. You have six months. Doesn't sound too hard to me.

You sound rather angry. Perhaps you feel I am belittling your accomplishment because you studied so hard for the exams? That you've put in 110% of yourself and passed (I hope)? Perhaps you had to relearn a language, rent a room to study, work to pay for the course, wallpaper your room with a dictionary, etc. Your own accomplishments are for yourself to value, and no one can take that from you.

This post has been edited by Slowpoke: Jul 22 2008, 03:29 AM

Is there any different between ACCA and any other courses then?

It's basically the same thing!

Understand it, apply it!

If you look backward, you're saying ACCA is a course where we can laid back, remain steady... shaking legs during lectures. During exam, using some logic and random reasoning will gets you a pass.

That's what you said.

We disagree as you're providing a wrong information. ACCA is not as simple as ABC. We've been through that, we know it. We work hard during lectures to remain clear of those models and standards, we makes notes, we've been through all the sweats and hard works, not shaking legs as what you said...

We deserve the hard work. We work as hard as those uni student unlike what you've said.

IF they can't make it, there's something wrong in their attitudes in study or they dont deserve to be in the course!

ACCA FTW!

--------------------------------------------------------------------

As if we're using the six months for only 1 subject

Please DO NOT to treat yourself same as other ppl. You can do, not means other ppl also can do.

Memorise by hard not means can apply. When you don't understand examiner requirement, no matter how good your memory, you also will fail.

Don't treat ACCA exam is SPM exam. SPM only a very basic foundation knowledge exam, but ACCA is prof exam. A lot of subject in SPM, the reason we go to study was just for exam. But in ACCA, the exam is very practical. We need a lot of understand, analysis and application for the prof level paper. For eg, in 3.2, you CAN'T do tax planning if you just memorise tax com by hard without understand the concept of it.

Exam always is not fair, just don't have other better solution, so we have to take exam. In 3 hours, you can't expect everybody can come out same volumn of knowledge. If 2 student, A and B go for exam. A can write out a lot of thing within 3 hours, but B can't do, but it is not means that A will be better than B.

You can finish the P3 question on time and write very well, not means other ppl can also can finish within 3 hours. And also it is not mean that your knowledge was better than those ppl can also can't finish within 3 hours.

Talk about my friend, she don't have the problem reading english, but just can't read so much story within 3 hours.

Exam and work is difference story, don't compare it.

You want to talk about work, Ha Ha I'm working ppl. Sorry lo, when you are working, the boss won't request you come out a lot of thing within 3 hours. The boss also don't request you to read and do so many question in 3 hours. During working, I always can refer back to FRS, Tax and etc material when I forgot already. I don't memorise all the FRS by hard during working hours. Even lawyer doing the case, he/she also need to refer back to material.

This gives you no advantages at all in working world.

A Professional will always act like a professional. By referring back to material, you're in doubt with your own knowledge. Your clients is gonna lose their confident with you. You should buckle up more if you plan to climb the corporate ladder in future.

This post has been edited by keith_hjinhoh: Jul 22 2008, 11:25 AM

Ok guys, I think its obvious that when you completed ACCA the first thing first is to apply job with the Big4. But ACCA graduate has a wide scope of job for them right? I have few questions here.

Does JPA recognize ACCA? Will I be able to work with government sector? If I become accountant with JPA, do I have to work under someone who is ACCA affliate/member in order to get my 3 years working experience.

I said I don't memorise by hard, not means that I don't know the FRS. Memorise by hard and application is difference story. For eg, we should know what was in the FRS 2 for Share based payment but not every single wording in the FRS 2. Unless you keep on continue to use same FRS for few times, otherwise if want to know further detail, then need to refer back.

One more thing, do you think your client interest to know FRS? Your client only interest the Profit figures and less tax paying. If you keep on to talk FRS infront him/her, I can 100% sure you will kena marah.

And Do you think the auditor can tell client everything without refer back to the FRS material?

We should understand the FRS and know how apply it in the work, not memorise by hard.

And there was no add value if you just memorise FRS by hard but don't know how to apply it.

This post has been edited by carlosandy: Jul 22 2008, 12:59 PM

Of course, as a consultant, you explain to your client in layman terms. But that doesn't means you don't have to know every single things in FRS.

For example: Your clients ask you for treatment for share based payment in some 'special circumstances' in which may require different treatment.. While you just know about General treatment on SBPayment, then how you going to answer your client? Wait, I refer back to my textbook??? Hell No!

My lecturer once told me, we only can act professionally when we're backup by knowledge. My Lecturer dont need to refers back to FRS whenever we ask her questions. That's the professionalism we talks about! This is the spirits!

Remember that we're professional, that's differentiate us with any other person out there that can provides same services too. Differences? we conduct our job in a more professional manner.

Else, tell me what's the different between getting advice from consultant and half-baked student?

Just my 2cts. No intention to flame you or what so ever.

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Added on July 22, 2008, 1:24 pmACCA Grads can be quite well versed in which their syllabus gives them quite complete coverage on every sectors either in Financial, Management related.

By working in the audit firms (esp Big4), you get higher chances to experience more in depth about how business is done in MNCs.

You've to work in related industries to get your 3 yr working experience. Such as audit, account related industries..

About the JPA stuff, i dont really remember, I guess you've to called up the MoE to confirm.

This post has been edited by keith_hjinhoh: Jul 22 2008, 01:24 PM

Please don't compare your lecturer with commercial ppl. Your lecturer will teach the FRS every day and keep on to update the FRS when new thing coming. His responsilbility is teach the student FRS.

But for commercial ppl, no. The commercial ppl only interest the profit and paid less tax. I have the experience in both audit firm and commercial firm. When you talk more thing for FRS to your client, I'm 100% sure he will snap you back said "your auditor only know FRS and don't know what we done in the commercial world."

If you don't believe me, then try to talk every single word in the FRS to business man. See what happen?

In the commercial world, ppl only interest in biz and not FRS. FRS for them is only the rules to follow, they won't interest for every single word in FRS.

Business is practical, even you memorise every single word in FRS by hard but don't know how to apply it in the business, then it was no value.

For me, most important was must update and know what happen in FRS, but not memorise every single word by hard.

This post has been edited by carlosandy: Jul 22 2008, 02:21 PM

Nonono.. Dont get me wrong...

Clients : Need Advice [Like what you've said, Profit and Pay lesser Tax]
refer
Auditor/Accountant/Consultant : Giving Advice [How to pay lesser Tax and make more profit]
refer
Their own knowledge...

You dont have to equip yourself with all the knowledge, but the more knowledge you equipped, the better you're in differentiating between yourself and your peers. That's why some of the audit partners are so young, while majority of them are middle age.

The more knowledge you've, the more you can act as professional, and like my lecturer said: You only can confident to act professionally when you're backup by sufficient knowledge.

The more confident you're, the more confident you're client be with you.

That's the real world.

Businessman need things fast, cheap, reliable!
Fast: They want it now, means now! Not wait you to go home find textbook!
Cheap: If A can offer the same thing or better and still charging cheaper, there goes your client.
Reliable: Meeting deadline or better if you can finish before deadline. But they gives u limited time frame.

Need Advice not means they are interest in FRS. They only interest whether you can filing the accounts on time.

Don't just listen to what your lecturer said cos he was not business man.

I can tell you that, if you can use difference way to advise to make client happy and at the same time also follow the thing in FRS, then you will consider good consultant. It is better than you just keep on telling your client every single word in FRS without better solution.

Ok, when you go to work, please advise your client by telling them every single word in FRS, then you will know what will happen.

This post has been edited by carlosandy: Jul 22 2008, 03:00 PM

Of course they dont need every single word, you've to explain to them in layman term.. And give them direction on how to get things done properly.

But if you do not have the sufficient knowledge, how you going to advice your client?

How confident you are? Especially when handlings big projects such as details in Tax Incentives. Circumstances arises and etc, you've to explain those to your client...

FRS is merely an example...

That's why I said lo, we must keep on to update and know what happen in FRS, but not memorise by hard. We must know to use it practical and not just telling client every single word in ACT or FRS.

You must tell you client how to do based on your knowledge and experience and not FRS.

Working experience is always important than FRS.

This post has been edited by carlosandy: Jul 22 2008, 03:05 PM

Not only keep on update. Whatever updated u've to stick it in your mind (Aren't that call memorising?)!

Recently I just scold my <auditor cum tax> assistant, reason: She dont know the deadline of declaring dividend from sec108 account!

And I'm losing confident with her!

Sorry lo, working experience is important than FRS.

Nobody will interest your FRS when you working in commercial, but interest in your wroking experience.



This post has been edited by carlosandy: Jul 22 2008, 03:07 PM

i m currently taking F1-F4..my F1 lecturer is new & fresh, having no experience in teaching any professional course b4..he seems like going too slow during the class..i m afraid that he might not be able to cover all the syllabus b4 exam..=(

as for F4, is it enough to juz study lecturer's notes without referring to any text book?r we tested on what v hav learnt from the lecturer? i mean like malaysian law and legal system instead of England legal system?
i can't seem to find any revision kit or practice question or text book for F4..
any advice on how to pass this paper?

thx for advice =)

This post has been edited by stephanie0721: Jul 22 2008, 03:26 PM

I don't know where you study or which lecturer you're under so i cannot comment on the lecturer notes.
However i have develop a reliable method to tackle "F4" only.

You will notice that F4 is the only syllabus in ACCA which requires 90% - 100% memorisation or "copy & paste".
1) practice past year question (each at least 3 times).
2) if can memorise 1 case law per section, like offer (1), torts (1).....
3) biz law + complany law = 50%, agency / partnership = 10%, employment = 10%, source of legal system = 10%, others i'm not sure but judging from past trends, its almost like this.

You cant find text book bcos different country has different variant (like tax). Malaysia covered a slightly more compared to other countries like singapore ACCA variant. Bpp & kaplan will not be probably printing malaysian law

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Added on July 22, 2008, 6:37 pmActually some companies in Malaysia during interview they will inquire candidate a real life scenario of their company & ask how to deal with it
base on their "updated" knowledge on FRS + experience. I notice that most companies "takes little notice" of FRS until they must deal with specific
scenario which requires deliberation.

For example, A comp purchase a building (property). They have different approaches to treat it with either as FRS Property Plant & Equipment OR
FRS Investment property. Now comes the accountant to deliver the application by filtering the stds relevant info to their employer (who maybe have zero a/c knowledge). It is our duty to disclose necessary infos like
What to do ?
What we cant do & why ?
What is the consequence ?

This post has been edited by Topace111: Jul 22 2008, 06:37 PM

If you need Malaysia Law text then you have to buy the orange book that available at any large book stores

If anyone else know about this please mention it in the thread. I will call ACCA Malaysia tomorrow. Hopefully they can help me with this.

Anyone have BPP F5 textbook that you're not using right now? And from Sunway University College?

This post has been edited by chayjoon: Jul 23 2008, 09:00 AM