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 ACCA (V4), Accountants

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Slowpoke
post Jul 16 2008, 10:34 AM

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QUOTE(Raymond_ACCA @ Jul 6 2008, 11:36 PM)
Hi, my lecturer says that it is advisable to take P2 and P7 together, as the changes in standards can study simultaneously. But those who have taken P7...can please give feedback on how much of P2 is applicable in P7? around how many percentage?

The problem is, im taking P2 this sem, next sem only P7 maybe, but stds will continually change, not sure how much it will affect P7 in 1 sem..
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I can't say about p7, but i took 3.1 and later p2 separately. The 3.1 stuff wasn't really tricky or difficult, just normal standards you can find in the earlier accounting papers. Then again it was designed that way back then, optionals before compulsory papers. If you really want to know, why not look up the past p7 exam paper/syllabus?

QUOTE(ilovecookies92 @ Jun 29 2008, 12:26 AM)
Hi. Currently, I have a short interest on accounting. Just wondering, what does ACCA students do throughout the whole year? 6 hours of studying in the lecture hall? Practical works? And what things you guys have gone through?
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Depends lo. For sunway or other KL students its hardcore I think. See in thread always borrowing notes, got 4 acca threads liao around 100 pages are about note-borrowing i think. I sleep 4 months study 1 month rest back 1 month, and repeat.

QUOTE(jactval @ Jun 28 2008, 01:13 PM)
I am in dilemma now. Previously I visited to Sunway and I been told that for those who fail in CAT cannot proceed to ACCA Part 2(Well, all of us aware of this rule). But problem occured as Sunway required its CAT students to take T8 which is an audit paper instead of the one I had studied that is T10 Financial Management. ACCA students always claimed that audit is the toughest paper. I worry if I really fail(touch wood!), my 30% ACCA tuition fees have to be forfeited and the rest defer to next semester. Money is not a big matter since it is not a big amount. But how about I fail this time, and I do the audit paper(is compulsory to all malaysian students, this is the rule set by Sunway) then I fail again? This will definitely diminishing my confidence and determination to further anymore. As this is the case I saw many times, many students suffer from this before.

My next option would be to study at Singapore since I'll be seeking my career in the later days at Singapore. But the application of student pass is troublesome and it takes time. Furthermore the course commenced on July. I'm think of whether I should really take a break for half year or find a half year job at Singapore perhaps?

Any suggestion from you guys?
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So you think you are going to have problems passing CAT audit paper but will have no problems passing the ACCA audit papers? Think until run to singapore, aiyo... if you dont think you can pass CAT then what plans do you have to pass ACCA?

This post has been edited by Slowpoke: Jul 16 2008, 10:42 AM
Slowpoke
post Jul 17 2008, 06:00 PM

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QUOTE(carlosandy @ Jul 16 2008, 11:28 AM)
Actually, I tell you the story oso. This is one way for the College to make money from student. As you know that, if you plan to study in Sunway, then they will think a lot of way to get money from student. For eg, their OBU mentor can charge up to RM4,500. But outside I can find better mentor where she/he only charges less than RM3,000.

So dun just 100% trust what the Sunway college ppl said. Go to ask the more senior person in other college(means ACCA student), then look through the 2.5/F7 syllabus and past year question, and baru consider la!
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i dont recall the exact figure but i am quite sure i was charged a lot less than 2k for OBU shakehead.gif shakehead.gif
Slowpoke
post Jul 18 2008, 12:34 AM

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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
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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

This post has been edited by Slowpoke: Jul 18 2008, 12:37 AM
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.
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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
Slowpoke
post Jul 22 2008, 03:28 AM

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QUOTE(keith_hjinhoh @ Jul 22 2008, 12:26 AM)
stuff
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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 smile.gif 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
Slowpoke
post Aug 3 2008, 12:03 AM

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QUOTE(stephanie0721 @ Aug 2 2008, 09:58 PM)
i c..
umm..say my lecturer has gone through the legal system part, but he explained only several parts in details like the sources of Malaysian law, foundamental liberties, subsidiary legislation. The rest of this part, i think, he gave brief explanation, asked us to read ourselves and then ended the topic..
so..does it mean that those parts which he is not reli very focus on, we can pay less attention to it..like juz read it and hav a vague concept and that's it?

umm..so F4 mainly requires us to memorise right? there's no any application of knowledge we learnt?

thz =)
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Yeah, basically try to remember everything in the book. Pay lots of attention to detail if you can, and drag the answer out for as long as you can - you can see the PYQs for examples. Usually you will score more points if you approach the question with solid reasoning but in a roundabout way. You might want to answer something like this:

Generally, because of (some law), companies are not allowed to (do whatever). This is because (reason). However, in (precedent case), a precedent was set that allowed (something). This is because (reason). Person A's circumstances are somewhat alike to this situation, however perhaps (some doubt exists?). Thusly, if Person A did (this), it would not be lawful under (some law). However, if the situation was (different case), he would be able to (do whatever), as (reason). This is subject to (certain conditions, or a test). Person A should be advised accordingly.

instead of

Yes. Person A can do it. Because (reason).

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