Has anyone finished Financial Management module who still have notes willing to lend/give/sell?

If so, mind PM-ing me? Thx.

Hi,
Can anyone recommend me which condo or apartment should I rent if I choose to take ACCA in KSA or Mc orange college ?
Im not local ... can someone tell me any condo name which I can walk to LRT ?
Thank You very much.

anyone wants to sell off his/her Advanced Financial Management and Advanced Performance management tuition notes?

You can try to find condo/apartment at Mirhaja Cheras, very near to LRT station.

Hello, i am currently doing Bachelor of Accountancy.
I need a few advices from seniors...
You see, why I chose BAcc is because i feel much safer as I am from science stream with less foundation on Accountancy. Now i still have some option to choose.
Between a BAcc and ACCA Pro paper, i know the difference, mine have exemptions up to 9 fundamental papers of ACCA. But still I want to know something, internal papers and external papers, which is actually preferable or advicable, and why?... I need experienced advices...

Don't understand what you mean internal and external papers?

Internal papers means you sit the school's examination papers and you get exemption from ACCA papers.
External papers means you take ACCA papers directly from UK.

I will try to breakdown the advice based on your question above :
1) Why you choose Degree initially :
Most people have this common perception that if you follow science stream you will be left out / unable to follow up at ACCA fundamentals.
This maybe partly true since Principles in a/c (will teach you drafting Financial statements) & economic will teach you a bit about (tax).
However it does not really help much in the long run as SPM subjects can hardly cover much in ACCA. Notice this major difference :

SPM / STPM is malaysian exam papers. Degree is based on where you take (universities, college, overseas.....etc). ACCA is UK paper but
became standardised (more global friendly)

So arts student will benefit (in terms of understanding the basics terms) but remember that ACCA was in english while Malaysian papers was in
malay so initially students need few weeks of orientation adjustment (ie : penghutang = debtors, ambilan = drawings,...etc)
Your school knowledge of accountacy was very basic / surface level so it won't cover much (you don't cover costing, tax, finance, maybe audit)
Moreover, ACCA is not much about calculation in advanced stages (LCCI & diploma can cover calculation), its more about :

how you derived the figures, why you choose that method of calculation, the effect of not using prescribed method....etc.

2) Misconception of exemption
Now be very careful of the terms used here, ACCA says a degree can"EXEMPT" you from some of its paper, BUT whether you actually excel
or grasp meaningful knowledge in it is a "totally different story altogether". They create an illusion for you that you actually pass the paper
without actually sitting for it. Technically & judging from students feedback, although you may be exmepted from all fundamental papers most notable F4 to F9. Most of those exempted will find things very difficult in proffesional papers bcos lack the understanding in the fundamental papers.
Most will fail & fail again in proffesional papers & finally resulting going back taking fundamenatal papers although you are exempted.

For those who pass all F papers they (majority) will easily get a degree paper (since they cover wider syllabus & depth) but they mack lack the project skills. (in couple of months only needed).
For Degree, the most exemption is the all fundamental papers, but never think you actually pass them (so you may fail as well).
Example like your PTS you jump to standard 5, can you guarentee me you will score for standard 4 (that you have exempted).

3) External vs internal based
Internal is what your respective college / university standards set for your papers. If you are a premier university you will better recognised.
If you are world-class like the ivy leaguers in US (Harvard, Stanford, Yale) you will recognised worldwide.
The theory is that does a german company recognised a degree you gain in malaysia ? you will say they may but low probability compared to those who takes their degree at europe. So your degree is more depending on where you actually took it in malaysia (UM, UKM, Taylor, TAR, Sunway..etc)

External means you can take it from any part of the world whether its somalia, peru, tibet or hawaii you will sit for the same papers regardless which geographical location you are. This simply means if you pass the paper you will be recognised worldwide.
You can take at Bhutan but earns equal recognition from fellow member in UK (even receiving different education)
So you can cut reliance on university (who may eats up a lot of you capital) to get their university mark stamp on your resume.
Employers don't care where you take your ACCA but did you actually get it (some may ask your mark too for higher post).

Example degree is your school spm trial exam while ACCA is real SPM exam. Trial result & difficulty depending on your school status (asrama penuh,
sekolah sains, premier school, private school, sekolah kawalan...etc). Does everyone recognise your trial result compared to real SPM ? i don't think so.

4) Recognition status :
Initially i was awarded scholarship at a university for (accountancy & finance), foundation here & 3 years in Uk. I rejected it after realising the cost involved (food & accomodation, living expenses, study materials....etc) Besides no scholarship comes free tou know (you must pay back indirectly by
working, publicity,....etc). If you are not from a wealthy background, degree is very burdening especially for your parents

ACCA meanwhile has a rough equation like this, it cost mearly a fraction from degree course but recognised even higher status than it.
If i described it into a product it will come like : half price but better quality (compare honda cars with proton without excise duty)
I have plenty of cousins taking degree at local & foreign & my ACCA cost always rank 40% lower than any of their degree.
Besides there's an OBU (a degree in Uk) will be availlable for you (you will get > 90% exemption) with cost around few thousands in space of few months if not weeks.

5) Why so few know about this ?
It bocs ACCA lack exposure in Malaysia (among students & non finance related field). Go Uk & ask ACCA everyone will know. In Malaysia maybe only 1% of population. Most who felt ACCA is difficult so they pursue degree first & do ACCA later (but technically this is unsound strategy)
Don't worry i have tired explaining to everyone what is ACCA, tell them this "wait until i work fist & then look at my remuneration & then start to comment"

6) How & Where to start ?
Preferably at CAT since you will grasp a deeper knowledge in ACCA fundamentals (there are some killing papers like performace management & audit). CAT is like diploma & lcci but slightly easier & lower recognition, There are 3 reputable centre in KL whic you refer to this blog at begining.

I hope this clarify your matter

I have overcome some annoying enquiries from others, especially some aunties who insist that local uni is the best of best, no study local uni=useless... Sometimes I really tired in explain to them what is ACCA all about, on the other hand, I don't want to offence anyone, so keep silent all the time. Who really knows the efforts we have put into each of the ACCA papers??! Suppose majority will only be the ACCA students themselves.


I like this reply from Topace111 very much~

Quote it down as my best reference When there is someone ask me again:

"Why you study ACCA? Go for other uni and get degree better...."


At least, I have to say to those who have completed their ACCA ----> SALUTE!

Ha ha i i think majority of those here feel the same way, i just highlight what the silent majority views.
Don't worry my maternal side all either engineer / teaching proffesions while my paternal side all do biz.
Its normall like these :
1) Where do you study ?
How to explain 3 different centre, you tell me lo !!!

2) What the hell is ACCA ?
I really fed up explaining like (explaining what auditor does = its to issue opinion .... but just say check then baru they understand )
To those who purposely want to "belittle" you : if you don't know check wikipedia or better still bring all those accounting jargons : impairment test,
prudence concept, test of control )

3) What do you work as ?
Just refer to "airasia CEO" enough said .
Those who insist further, say this : any job which requires money application ($) = practically everything.

4) If they think ACCA is not prestigious enough ?
My senior has this very funny approach :
21 graduate becomes auditor, 24 experience becomes accountant, 28 competent becomes manager, 32 callibre becomes director, 36 if lucky becomes CEO by 40 become millionnaire.
Don't think is the the actual situation, just joke to those who don't know they will go from to (jealous) or (sceptical)
When they start to argue or counter (they will surely survey around or research) you already achieve your goal

Perhaps, the question could be rephrased as

" Should I go for ACCA by way of the degree route?"

This depends on a lot of factors - money, affinity towards economics and accounting based subjects, standard of English etc. Let's face it. ACCA is a difficult course to pass. Many students are frankly, too young to decide which route to take. Often they follow the CAT route which means after form 5. Perhaps, parents decide for them especially when the CAT/ACCA route is relatively cheap as compared to an overseas degree. The problem for many ACCA students is when they hit the Professional stage. They have 5 papers to sit, some of the subjects like P3 are MBA level and almost all of the P papers requires you to have a good command of English to understand the syllabus, questions and provide answers like a professional accountant.

Therefore, many students do not pass ACCA. To avoid the possibility of failing at the final hurdle, pursue a degree route first as a backup. The pass rates for the June'08 sitting should give you an indication how difficult it is to pass ACCA.

I do not know if my contribution answers the question of internal/external papers.

So basically what you mean is, you must have very good analytical skill on real-case-scenarios to answers P papers of ACCA?
Why I choose Degree is because I believe that is no shortcut for success and i feel theres something fishy on 3 years to complete ACCA, it won't be as easy as I might heard. I choose Bachelor of Accountancy in which i hope i could prepare myself for those Pro papers as my course included Industrial Training and wider range of course units. IF i can do well throughout my course, I hope some good companies will hire my for training...
I hope the path i've chosen is correct and sensible...

This post has been edited by jacky5283: Sep 4 2008, 06:56 PM

In Asia (majority) students have a very aggressive stance in approaching ACCA. They will make use of the maximum requirements.
As ACCA gives 2 times entry to sit for exam per year July & December with maximum 4 papers.
So Asian students will take 4 paper per exam entry (8 paper per year)
They want to quickly pass it & then join the workforce (economic factor probably)
Imagine mega sales in Malaysia supermarket you will get the picture (hustling & bustling to get good priced items)
In terms of scoring Asian students will definitely score, in terms of hardwork they excel & in terms of effciency they are role models.

This is very contrast to UK students taking ACCA, you will probably hear they study with a very relaxing mood & even truancy will also make them pass. This is bcos most of them takes 1 exam every year with 4 papers in that entry. Therefore graduates from europe normally aged > 25 years compared to Asian which are slighlty lower. In terms of "form" they definitely lose out but in terms of "substance" they prevail.
They like to explore, intuitive & always dwell upon new knowledge compared to Asian students.
If you go to europe universities asian students will definitely score high marks, but later when you join the work force you will start to realise your
high marks will not be the true indicator of your achievements.

If you check websites survey conducted by reputable companies globally, most decision makers position are made up of westerners while
brilliant asians (example Microsoft hired a lot of Indian engineers) will support them. Even In Malaysia local companies do hire westerners for
key executive position. As a saying goes Asian works with their hands while Westerners works with their mind.

lol, in case if ur relative or parents ask u y ur ACCA marks only get 60? while ur brother get 92 for a paper in a normal degree, just show this to her

DEGREE >>>> RM150000 = 92MARKS
ACCA >>>>>> RM20000 = 60 MARKS

now, which one is more worth it? ^^

My course fee is 52k, yes, i am aware of the amount, which is really high, but i dunno how to evaluate my criteria to meet ACCA's basic requirements. I don't want to just go in and fail papers (i mean for myself, because i hate to fail, who loves?), because i am not a study blind student.. And also, as you said, i don't really like to put stress for myself and so on... I like to keep things slow and learn more...

Basically I am from science stream, because after a long period of thoughts, i really find myself wants to be in the business line. I want to have knowledge of business, not only accounting, but to speak, to prepare presentation, and so on... I don't know process, thats why i doubt whether to choose ACCA which I have to face book for the whole time and do the test...

Well, i have no experience thats why i don't really know what to choose.

This post has been edited by jacky5283: Sep 4 2008, 07:46 PM

A good university degree course hopefully teaches you how to think, analyse a problem and approach it in a rational way. This will serve you well should you decide to tackle ACC later on. However, getting a degree also helps in terms of your personal esteem and confidence, think of the poor ACCA student stuck at the final stage, what the pressure and our society's way of looking at "failures" does to your personal confidence.

So if you can afford it, get a degree first. There are more options for you once you get a degree. You can treat the ACCA as a form of Masters or even get a job while doing the final stages.

Yes faradie, those are the reasons I took up a degree. its really astonishing to see the result of local ACCA students to be at around half way mark only. ACCA quotas the number of memberships every year right?
Actually how do they basically enroll you as a member? Is it necessary you have to work for Big Four for at least 3 years? Wow...

This post has been edited by jacky5283: Sep 4 2008, 08:15 PM

which will get a higher pay?degree or ACCA? if btween the 3 years u fail to get good response?u wnt entitle to the membership?

You need work experience of 3 years, not necessarily restricted to the Big 4.

There is certainly no evidence that ACCA operates a quota scheme to restrict the number of members so I wouldn't want to state that publicly. What I do know is that the finals are tough. Some of the questions border towards being unfair as they definitely don't give you enough time to finish it properly. Are they testing you on the basis of how well you can provide an answer or how fast you can respond? Come on we are never faced with this time pressure in the real world! Get real! These things students never know about bf they enroll for ACCA. Neither do their parents and they get advice from who? Tuition providers who depend on them to do enrol via CAT route!

...
after reading most of the post...ACCA seems like very tough ...n i saw some different opinions about ACCA...
some said CAT > ACCA...
some said degree > ACCA...
wat is the most safe ways 4 a normal student?