i was also in june sitting,so didnt learned this new standards( hope to pass last P2 sitting,to repeat and learned new thing is disaster in bridging/catchup class short period of time)..anyway, would we have any problem in working (particularly jobs that involves IFRS/IAS) since we didnt know tis new thingy..

IFRS 3 gives 2 option for value non-controlling interest at company's discretion :
1) Proportionate share of FV of Sub net asset.
= the goodwill figure derived will be the same as previous IFRS 3 (b4 change)

2) FV (m.v of the shares held by NCI shareholders just b4 acquistion)
= use this method if QS clearly stated a m.v of share price (ie : RM 3 per share)
= will derive a different goodwill figure

For those who wants to know more on the changes, can go to this website (by deloitte)
Its very technical & heavy but quite useful in its explanation : (its around 156 slide)
http://www.iasplus.com/dttpubs/0807ifrs3guide.pdf

Hahaha, should've just given me the whole slide in the first place, since I was going on quite a technical level. hahahahaha

anyone knows which banks is accredited ACCA Gold or Platinum Employer within Malaysia?

Pls refer to www.accaglobal.com

who got old 3.1 or new p7 - advanced audit notes and revision kits ?

can u sell to me ? i wan to buy .

thanks

hihi, i'm Zoe. I currently take P6 advanced tax at kasturi but due to work its difficult to catch up....thinking of cahnge to audit P7..what urs recommendation? Anyone hv P6 revision notes? Or sample Q & A? How u all think audit? It is easy or tough o pass??? Can i do it by self-study? Which lecturer u all comment? Thx alot? When result out ya?? hope i pass it!

I really can't comment on P7 diffculties but i heard from other friends of mine it is more "knowledge based", very "theoretical" & stuff.
Their opinion is that it is only useful for those who wish to embark on audit sector for a long term period (otherwise its quite impractical).
Judging from students feedback most don't "like" audit since its quite "meticulous" & "tedious".
However, the main factor that not much people chooses P7 bcos lack "tuition providers" aka lecturers
The main lecturers for F8 audit did not even continue lecture for P7 (sheila john, phillip woo,....etc), they opt for P1 instead.
I heard there is a good one at FTMS (Fung chee kong) but don't know still got teaching or not ?

Although P6 have the lowest pass rate among all ACCA papers but with good practice & skills (plus a strong foundation in Tax knowledge) its
not that difficult. However there is also mass exodus of Tax lecturer (Chong kwai fatt, Chow chee yen,....etc). Plus if you believe it Tax is the
most boring subject (repititive & tons to memorise) may put off some people. However someone with good tax knowledge can surely impresses
any "layman" out there.
Try to tell ACCA to your relatives they will be dozed off, not interested.....etc
Now try to tell them you can cut their tax by few hundred if not thousand of ringgit they will surely impressed
(they even belanja me makan after that )

does anyone know whr is the University that i can further my ACCA in

America and recognize with ACCA association as well??

I'm intend to take a P3 class? P3's lecturer( Mr. Tham KF)is good or not for this paper? Plz help me frenz.

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Added on August 8, 2008, 4:16 pmI'm intend to take a P3 class? P3's lecturer( Mr. Tham KF) MCO is good or not for this paper? Plz help me frenz.

This post has been edited by adam_wc: Aug 8 2008, 04:16 PM

oo...but...u need hard work on it.... really study hard...remember all the rule....but impress the other help them cut tax sound good....i'm still looking for alternative.... coz i;m working...its like very tired to go for tax...i took alan yeo now...n its very sleepy in the class....audit is like bcoz is knowledge based so just can self study...memorize the theory..then done..tax....is other way round..

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Added on August 8, 2008, 7:52 pmanyone took audit here? what ur comment...? by the way i just wanna complete acca... i in banking...not auidt or tax...so either oso not my future exercise...but tax will help personally

This post has been edited by Zoeee: Aug 8 2008, 07:52 PM

I do heard from some tax students that Alan Yeo although experienced but quite boring not as animated like other KSA lecturers like Parmindar & viknes. I think you can consider Chin Ann (at KB) quite a good tax lecturer (class quite fun too).
There is another call siva nair (also veteran like alan yeo but talk very fast & notes quite bulky).

By the way how about P5 or P4 ?

does anyone know whr is the University that i can further my ACCA in

America and recognize with ACCA association as well??

who is chn ann , KB?

i took p4..now p5 seem like hv to go class too...audit is the one that is totally theory n read memorize then exam
...i found f8 easy...so audit is ok for me....i wan be good in tax but somehow it need lots of attention n study..not much time for that..n i looking class not on weekday...else its like early morning 6am go work then after calss....is around 11am to reach home

Chin Ann previously taught at KSA then FTMS then Kolej Bandar (quite recommended for audit & tax) His style of teaching was very refreshing & student friendly. The fees are not expensive either but facilities are inferior compared to other colleges.

Actually this is the first time i heard people call audit easy . well its not unheard of since some students are good in memorising, some reasoning while others calculation experts. I heard from others that experience of work is vital to pass audit (procedures & stuff). You can give it
a go but self study for Professional optional paper was a bit risky but achieveable nonetheless.

If you need a tuition provider for P7 there is only one reputable center which offers lecturer = FTMS (Fung Chee Kong). I heard he was quite good too. KSA, MCO did not offer this (maybe revision only).

You can view the June08 answer from the ACCA website.

oo..ic.....i try to find the lecturer that time is a bit ok....well if the tax lectuere is refreshing n good.. i think tax is a better choice since is more relevant to u right? so...i think i try find chin an timetable n fees first.. anyone his former student??

p3 is costing .....many say its the easiest paper from all right? i took p4 already

P5 is a continuity from F5 & has many similar topics with P3. With the overlapping areas & average "add-on" from F5 already it can considered
the easiest P papers FOR NOW.

The reason i go against P7 audit bcos this is the field that requires "application" rather than knowledge. Only those who have experience will thrived
on this area. With knowledge alone it can be quite difficult especially each comp have different Internal Controls & audit procedures.

Tax is quite different as knowledge can be fully utilised here. Any company needs to submit tax return. They have discretion to form their own
dept or outsource it. Either way, a good tax speciallist can earn much here depends on his "knowledge", "experience" & "credibility".
For example :
Company tax RM 500,000. After consultation Comp tax reduced to RM 200,000. Your service charge RM 150,000.
Therefore comp have option to pay RM 500,000 or RM 350,000 (tax Rm 120k + service charge = RM 150k) which of course choose to pay lesser.
Therefore the better you are with tax the more you can earned (like lawyer lo)

If you are not in tax related sector. You can help comp to plan its biz expenses by telling them the Deductible & non deductible expenses
Or taxable & non taxable income....etc.

I have attended his class before & his method can accomodate all kinds of student. His text note was quite complete & good but mostly at class
he will give his own notes (his own terms) to better explain his text notes. So student who only wants to pass can read 1 portion. Student who want to score can read 2 portion...etc. You wont have chance to be "sleepy" in his class. However check whether you like the facilities first, it was located
at the middle of Petaling Street a block away from KSA.

Time management is weak enough!!!

hi everyone, can someone tell me P4,5 and 6.which two are easier to pass?thank you