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

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.

...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?

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.

Stuff

You have six months. Doesn't sound too hard to me.

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.

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.

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.

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.

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.

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.

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.

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 pm

Actually 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 ?

LOL. Borrow it from the library and renew every fortnightly!

P4 - Daniel Ho - where is he teaching?

when the result release? anyone know?

umm..
it seems tat F5-performance management is a real tough paper with the lowest passing rate among other papers in June 08 sitting =(
i plan to take f5-f8 next year (June 09 sitting) but i m still undecided coz i hav no CAT background and  just go straight to acca 1st level with little book-keeping knowledge>< (i know well it won help much in acca higher level)
so i guess it won b advisable and manageable to do so right?
(also, i m not so good in English ><  )
any advice?
how to pass F5?i heard that doing pyq won really help much..
thz ^^

hie guys, i'm new and this is my 1st post, i'm currently doing my professional level and next term will be doing my 2 optional paper, so i would like to listen advices from everyone especially those who had graduated that which 2 paper is better? bsides that, does those audit firm especially the big4 prefer students who did papers like audit and tax? glad to hear replies soon...

I think you still can change b4 15/10/2008. Go to try and see how.

Dear all,i had checked with CKF that confirmed no P6 revision class will be held for coming sitting,giving the reason is the college not willing to charge a low revision fee,he said he will conduct e-irc,but i think had to get the details 1st before shared with you all..

Well i have realised a bit about why most lecturers cannot finish these paper on time :
The paper i am talking about is F4, P1 & P3.
majority of these lecturers do not even have ACCA background or qualification but they use their expertise in their respective profession (law & biz)
to conduct the lecture. Suffice to ay even if they did finish the syllabus (they will just glance through the last few chapters).
They may lack the consistency, systemathic or time focus on these subjects.
However few can really teach the subject with passion & enthusiasm which ACCA lecturers normally cannot achieve in theory papers.

My F4 has not cover some key topics while my P3 currently is swaying dangerously too. If only they focus more on the paper than their examples.....

The degree cert is not to be misunderstood with OBU. Yes OBU still a degree but it is the "substance" degree that they really wanted (presentation skills, project management, team-working....etc).