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 ACCA (V4), Accountants

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moon yuen
post Jul 9 2008, 12:27 AM

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When ACCA result will released ?
moon yuen
post Jul 20 2008, 08:25 AM

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QUOTE(cospi03 @ Jul 20 2008, 03:02 AM)
i got ur point... but considering that u propose to go to public university... i dont agree... coz university student just have to 'sapu buntut' lect and then get a high score given free by that lect.. i know this very well bcoz i'm also from ipta but only fer diploma level, then i study ACCA directly rather than continuing degree programme bcoz frustrated that other student who are not suppose to get high mark, achieved it by 'sapu buntut' lect.. sorry to say this... but its fact...  drool.gif
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Actually, Public University is a bit weird.

Popular courses like Accounitng, Engineering, Medicine. It is not easy to SCORE !! Since there are so much STPM/ Matriks top students in the course & the lecturers don't have any reason to mark leniently. Ya, they may not FAIL you, but give an A, you must be good.

However, for certain courses which is not so popular ,eg. Business Management, Environmental Engineering, Perhutanan. This courses is particulary easy to score since most students that pick this courses are those with rather average or poor STPM result. The lecturers have to mark more leniently in order to produce some As STUDENTS for the course. These As students may be just average, but they are considered good among their below average peers.
My boyfriend is an example for this senario... ( he is dean list in public university, vomit blood !!) biggrin.gif
moon yuen
post Aug 18 2008, 01:28 PM

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QUOTE(twom @ Aug 18 2008, 01:00 PM)
P1  44
P2  45
P3  49

My employer didn't allow me to take any study leave and only given me exam leave, feel a bit sad. This coming exam, thinking taking full time class. Any suggestion which college which is good and the student per class is not a lot like kasturi?
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I fail the SAME PAPERS & my employer also don't allow me to take study leave.... sad.gif

I plan to resign for this coming exam....
moon yuen
post Aug 21 2008, 07:15 AM

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QUOTE(Topace111 @ Aug 20 2008, 10:01 PM)
I have tried "extracting" views & opinions from lecturers & students alike about OBU and i get a pretty general idea :
For the new ACCA student whom started from F1 all the way to P7 when the new syllabus kicks in OBU has become a compulsory / mandatory
as per CPA in Australia which requires unvesity degree as a prerequisite. Most of the previous students are exempted from this but not the new generation students.
(It is part of ACCA collaboration with Oxford Brookes to strengthen the degree recognition but in the past the result is not that encouraging)

Most lecturers have 2 opinions regarding this issue (student alike) :
1) Technically OBU doesn't offer much as "add-on knowledge" or as employment advancement. Most bosses (with a/c knowledge) will not critically
    judge the student's academic background by having an extra degree (by just spending few months to obtain it).
    ACCA alone will be sufficient to start your career + gaining relevant experience = create better job oppurnities.
    I got a very funny phrase here (why bother ordering another wine for dinner when you already have a bottle of champagne)

    They agree though that if they are 2 staff with ACCA, same work experience length & potential, maybe & just maybe the OBU will act as
    a bonus advantage.

2) To be employed by most big firms, companies or organizations they required the applicant to be 2nd upper or 1st class degree holder while some
    will only opt for 1st. With ACCA alone its self explanatory that the candidate has necessary skills & experience to obtain a proffesional
    qualification.

Next you will need to find a mentor for your OBU, if you study under different colleges & not under a single unversity this can be quite troublesome
& tedious. Lastly, the fees was not that cheap either.


Added on August 20, 2008, 10:14 pmProfessional scheme - pass rates
ACCA Qualification - pass rates

Paper  Jun 2008 
F1 =      83
F2    =  51
F3  =    48
F4  =    46
F5  =    28
F6    = 45
F7  =    33
F8  =  32
F9  =    42
P1  =    49
P2  =  48
P3  =  49
P4    =  36
P5    =  37
P6    =  36
P7    =  33

Apart from 2 killer papers P4 & P6 which gain some increase in pass rates, technically overall pass rate has dropped.
No wonder few can boast about F5
*
Wow , the passing rate for P! to P3 are high, but I still fail all of it ... sad.gif

moon yuen
post Aug 22 2008, 10:56 PM

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QUOTE(Topace111 @ Aug 22 2008, 10:53 PM)
I have some enquiries here :
1) Will employer asked about ACCA results in detail, means beyond passing only ? (ie : have you failed any paper b4 or not, any high marks)
2) Will they tolerate students whom had failed before ?
3) Assuming you did get high marks is it bcos of  > 2nd sitting on same paper ?

Are there many of this kind of prospective empoyer in Malaysia ?
Which student is considered inferior : the one who had never failed or the one with higher aggregate mark ?
What kind of questions do firms like Big4 asked when they interviewed fresh graduates ?
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For lecturer post, they might wan to see your marks .....
moon yuen
post Sep 19 2008, 10:21 PM

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When is the deadline for ACCA exam registration...

I can't find the link to register online
moon yuen
post Nov 21 2008, 05:39 PM

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Guys, anyone can provide link for the ACCA link, for the pratical training form (to fill 3 Years of Experience ) !

I just can't find the link in the ACCA website, many thanks notworthy.gif
moon yuen
post Nov 24 2008, 01:48 PM

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Wan to ask, Conso Income Statement

MI (Minority Interest)

Preference Dividend (10 X 70%) = 7

Profit after tax RM 50
-minus : Preference dividend (RM 10)
TOTAL 40 @ 20% = 8

So, all together are 15.

Wan to ask, why need to minus Preference Dividend ? And do not minus Ordinary dividend ?

moon yuen
post Nov 28 2008, 01:52 PM

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Pls help me answer these questions Corporate Reporting :
(3 different Senario)

P= Parent S=Subsidairy
1.On 1 January 20X5, P sold a non-current asset to S for $25,000. The asset orginally cost $20,000 and at the date of transfer it had a net book value of $15,000. Both companies depreciate non-current assets at 20% on cost per annum. P owns 75% of S.

2.Same as above. Except that S transferred the asset to P.

3. At the beginning of the year, S (60% owned by P) sells goods costing $20,000 to P. P pays $25,000 for the goods & uses them as Non-Current Assets, depreciating over 5 years with a NIL scrap value at the end of the period using straight-line basis.

Show accounting entries at the end of the year.

This post has been edited by moon yuen: Nov 28 2008, 10:05 PM
moon yuen
post Nov 28 2008, 05:47 PM

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QUOTE(ThanatosSwiftfire @ Nov 28 2008, 02:11 PM)
1. First, reversal entries.

On consolidation, the inter-co sale doesn't exist.
Thus, Dr Consolidated PL 10k, Cr Asset 10k.

Then, because of the inter-co sale, S would've charged higher depreciation.

So, 25k (new NBV) -15k (original NBV) = 10k * 20% (depreciation rate)

Dr Asset 2k
Cr Consol PL 2k * 75%
Cr NCI 2k * 25%

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What "NCI" stand for ? NCI = Noncontrolling interest?

I am dummy ...

THe Q2 same with Q1, date etc.


This post has been edited by moon yuen: Nov 28 2008, 05:52 PM
moon yuen
post Dec 2 2008, 10:21 PM

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I have worked for one listed company for more than one year & just tendered my resignation letter.

Wan to ask, pratical requirement form, need to fill in the supervisor name & qualifiaction.

Is it necessary to fill in the full name ? If she/he do not have the qualification or leave the co, how ?


How to ACCA know whetner he or she is qualified ? MIA member is considered as qualified or not by ACCA since MIA only recognised in Msia??

moon yuen
post Dec 7 2008, 02:07 AM

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I fail Paper P3 in Dec'07 Sitting for One time , this sitting I do not take this paper..

Really need some guildelines to pass this paper ! How to study this paper ?
moon yuen
post Dec 13 2008, 04:04 PM

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QUOTE(samseiko @ Dec 11 2008, 04:16 AM)
I used the reason for diversification... cry.gif

-----------------------------------------------
shakehead.gif Internally assessed by TARC really easier than external la i tell you....i been through myself and I know the level of ACCA compared to internal is NOTHING!!! External really can sit there and do nothing!! vmad.gif dang!
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TARC Internally Accessed is NOT EASY, however, is NOT comparable to ACCA papers....

ACCA papers is at least 50% tougher than TARC one.
moon yuen
post Dec 13 2008, 08:28 PM

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Wan to ask, IFRS 7
- financial assets measured at fair value through profit& loss, showing separately those held for trading & those designated at initial recognition.

What is the meaning for "designated at initial recognition" ?

Thanks guys ! (I am very weak in those standars, wonder how I manage to pass my TARC internally exam tongue.gif )
moon yuen
post Dec 15 2008, 08:14 PM

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QUOTE(Topace111 @ Dec 15 2008, 03:48 PM)
I shared your view that self study is quite important & over reliance on lecturer alone is very risky indeed.
Last time in my cat i take all papers at only 1 centre, as aresult i learn the hard way that some of lecturers are not competent enough.
This situation forced me to study even better as a result i scored eighty above (cat difficult is still ok for tax only = 90% similar)

However i notice a flaw in your comment which can be rectified further.
Evidently you take all your papers at single college (perhaps for bulk discounts, convenience or follow friends around.....etc)
In acca level 2 (f4 to f9) its quite difficult to self study as there is many changes in syllabus than you expected.

I can highlight some aspect you will probably face during self study :
1) Confusion = there are some very weird topics around which requires explanation

2) Lack of focus = Not all areas will be tested & you may study something which will never even be tested.

3) Changes in content = Areas like audit & reporting face changes every 2 sittings at the very least.

4) Lack of experience = This is the major point highlighted by many UK forumers (if you are interested), you may not know how to detect common mistakes made by student.
- In tax student always thought they will socred but always get lower mark than expected.
- In reporting many student think they will scored one evry a/c blance but its just an illusion
- In audit student always thought knowlege may carried them through but examiner is very peculiar about wording which student always get wrong

5) Wrong technic = You may know the answer but do you know how to structure ?
In audit examiner are very peculiar about the wording when you use audit procedures for substantive procedure ot test of control.

Of course you can self study but you need great discipline to do so. Normaly students aged <23 lack the ability to do so.
You have mentione dthe reason why you go for self study yourself = bad lecturer.
So the solution to your problem is to find "an even better" lecturer.
Because you paid for it you have every single right to ask & choose the best lecturer to suit your study needs. It doesn't mean the best lecturer in the market will be most suitable for you. Choose wisely & find where is your weakness is.

Beacuse i was weak in theory part in reporting i look for the best lecturer for reporting theory.
Because i need good technic for audit not only the knowledge & experience i find a suitable one.
Because i need a good lecturer who can explain the reasoning of models & framework of finance again i go for the appropriate one.

law is the most suitbale paper for self study but its the most boring paper in all acca.
If you enjoy the learning process you can understand it better & there is no better lecturer in doing that (that i know of) than Viknes in KSA & KB.
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WOw, u really can be a lecturer !! notworthy.gif
moon yuen
post Dec 16 2008, 08:20 PM

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QUOTE(Topace111 @ Dec 16 2008, 02:21 PM)
If you don't like huge & sardine like environment, KSA should be your last option.
Yeah andrew class is very crowded (although he is famous but not the best available choice)
Why not try daniel ho in FTMS. I think many forumers here will agree that daniel ho is the best finance lecturer around.
His class will be less crowded (not because of his competency but the declining reputation status of the centre).
Daniel Ho is the only lecturer who specialised in finance only (andrew did PM & fincance so its more general)
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Actually, Daniel Ho is better than Andrew for Finance paper !

Daniel Ho teach in a very systematic way . Step 1, Step 2, last step etc ...
moon yuen
post Jan 3 2009, 09:24 PM

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QUOTE(HBK-reloaded @ Jan 3 2009, 09:19 PM)
for what i know, it is a very..very late timetable change (2/1/09) maybe Sunway wants the best for their student.. blink.gif  and wonder why he decline to teach at SEGI.. coz if compare SEGI is more cheaper than sunway..
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SImple, Sunway offer a better pay !

Most likely, due to economic slowdown, his tax consultancy business has been affected. Therefore, he come out to teach ...
moon yuen
post Jan 3 2009, 10:01 PM

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QUOTE(aaron1kee @ Jan 3 2009, 09:49 PM)
I have a noob question here,
who is Choong Kwai Fatt in which you guys show a degree of respect towards him?

A great lecturer?
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The MOST FAMOUS TAX lecturer in Malaysia
moon yuen
post Jan 10 2009, 12:31 AM

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QUOTE(donkee @ Jan 9 2009, 11:47 PM)
There's actually one very important material which you can read, it's the Combined Code itself. Google it by typing "UK Combined Code"...This will cover part A of the syllabus already. Try comparing the suggested answer against the Code and you will know how important it is.  The Code is a must read material for part A of P1....
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I thought Paper P1 can self study, which I plan to do so...

Any opinion or advice ? notworthy.gif
moon yuen
post Jan 10 2009, 03:33 PM

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QUOTE(acca_newbie @ Jan 10 2009, 01:02 PM)
Yup, I kinda liked his teaching style. Was with him for 2mths + until result released, I had no choice but to drop P3 last semester.. But I thought in the first page of this forum, Ms Wong is one of the recommended lecturer? Or is it another Wong Siew Choo?

I actually thought of joining Marcus in Inti. But from what I heard, the class is really small and it freaked me out. Coz as you would have known, class size in Sunway is normally 200+ students. The least is bout 80+. In Inti, I heard there's not even 10 person studying there.. What I'm afraid is, it may affect his motivation to teach this subject.
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Wow, Inti is conducting ACCA ??

I think Inti is still NEW in teaching ACCA, no wonder little students....

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