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Business ACCA V5!, Long live bean counters! :D

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Topace111
post May 1 2009, 07:02 PM

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QUOTE(fastandfurious @ May 1 2009, 05:17 PM)
Yeah, it's much cheaper than Michael's (RM400 for 2 days?!). I guess I will register for it but don't quite like the fact that it's on 19,20,21. So so near to the exam date sleep.gif'.
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You are considered lucky last sitting he set the class at 1st may immediately the day after his class ends. Recycled the same IT area. My group of friends & I just skip that class after we fall asleep for 5th time during the class. (quite lazy & tired that time) tongue.gif
vin99
post May 1 2009, 07:22 PM

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Added on May 1, 2009, 4:16 pm

A common misconception that many TAR students told over their course of study is that "Exempted" doesnt actually mean you "Passed" the subject. On paper you may look like passed but in substance you "may" not or may be. The truth is both are very different in nature.

Second is that you don't have to take all papers at 1 centre. You can choose based the lecturer that you preferred. Try to ask some of your TAR seniors that have followed similar route before.

The option you mentioned I notice a recurring theme which you try to stress which I think is the "safety net". You are worried that if you cannot progress you will end up without a proper qualifcation if you take acca alone or you fear the stress level if take both ext and int.

In ACCA they recognize this problem by offering OBU degree student for those who has completed all funadamental levels (F4 to F9 in particular). You can finish that degree in 1 month or 2 in average. Grade will based on your average mark in acca plus project quality.

If I am not mistaken most of those that did advance diploma are offered a degree course for 3 mths in Uk or something ??? I am not sure but that is roughly what I heard in my friends discussion & you can take up that degree before attempting acca.

KSA environment is packed like sardin so its not that conducive but they do possessed some quality lecturers which requires no backing or support from large institutions.

About your capability to cope I cannot really judge unless you try out yourself. ACCA exams & style is very different from diploma from what most TAR students & friends told me. Hardwork alone may not be sufficient.
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[/quote]


Then how do I know whether i get exemption for those papers or not??
I wanted to go outside take ACCA, and i will choose based on which lecturer is the best for the particular paper because study outside is more cheaper compare to TARC. At least can save monthly rental and bill water and electricity. But, I really scared I will regret. I will take as full time. As they said, ACCA are not easy.

However, if i take advance diploma, i still can get Advance cert even cant pass through ACCA. But quite waste time and costly.

Yup, you are right. Tarc are offered a degree course for 3mths in UK. But i doesn't consider about it because it is too costly.
ACCA exams & style how different from diploma?

If you are me, and you got only two options, you will choose continue at Tarc or come out take?


Topace111
post May 2 2009, 12:30 AM

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QUOTE(vin99 @ May 1 2009, 07:22 PM)

Added on May 1, 2009, 4:16 pm

Then how do I know whether i get exemption for those papers or not??
I wanted to go outside take ACCA, and i will choose based on which lecturer is the best for the particular paper because study outside is more cheaper compare to TARC. At least can save monthly rental and bill water and electricity. But, I really scared I will regret. I will take as full time. As they said, ACCA are not easy.

However, if i take advance diploma, i still can get Advance cert even cant pass through ACCA. But quite waste time and costly.

Yup, you are right. Tarc are offered a degree course for 3mths in UK. But i doesn't consider about it because it is too costly.
ACCA exams & style how different from diploma?

If you are me, and you got only two options, you will choose continue at Tarc or come out take?
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I cannot really choose sweat.gif since i have never been on that position before.
But from what I discussed with TAR students most of them take acca after their advance diploma & they did regret over the wastage of time period.
The other portion that have the 3 mth Uk degree can start working with Big 4 even if they cannot progress in acca as they already have degree.

Okay diploma / degree / master / PHD programme courses & exam are assessed based on where you take it. So the lecturer who teach you will be the one who examine you. ACCA is a prof qualification that you are examined with the same paper like everyone else in the world did.
So you can have one accounting degree holder from oversea debating who is better with a local degree holder since both hold same degree but from different place. But ACCA settles that dispute by everyone taking one universal exam. So the lecturer can only guide you but cannot really determine what will come out especially in advance stage.

One good thing about acca is that the rule is quite simple : pass is 50 marks & do all the questions within 3 hour for one paper. But its purposefully designed that way to test your time management. For example in my lower level finance F9 the same answer whcih requires 30 minutes needs to be finished in my advance level in 10 minutes. So the gap between professional & fundamental is quite huge not like degree & diploma.

If you want to know difficulty level (in advance stage) I have many degree holders some from foreign country are also struggling to cope with the syllabus. However some amy find it easy like a friend of mine who failed most of his calculational paper but pass all his theory paper.

One thing I can tell you is that most of the student in KL are quite "not so hardworking" as they are given a lot of freedom & flexibility to study (there is no homework at all) so those who study hard & smart will normally get through. ACCA may not be as that difficult as most people claimed, if you had try your best you will feel its manageable. If you give enough dedication & commitment ACCA should not be that difficult.
denccl
post May 2 2009, 12:59 AM

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Vin99, Actually u can refer from ACCA website and check how many papers can be exempted in completion of Diploma. N u must set your mind clearly that which path u prefer most , either in Adv.Dip or ACCA directly.. Studying Advanced Diploma have to go for internal ( Year 1 & 2 ) and external ( Year 2) exam , then once pass all papers , obtain Adv.Diploma cert. ---> Top up in UK ( degree cert.) for 3mths + ACCA qualification. ( Duration : 2 years and 3 months ) On the other hand, Studying ACCA outside, can get apply for OBU degree once complete Fundamentals papers in ACCA , then continue Professional Papers. [ 3papers per seating ] . ( Duration : 1 and half year ).

For my advice is , you have to consider all the pros n cons in both options, discuss with your family & friends and decide which that u confidence most to complete ACCA. AND both options u also have to take initiative to study ..

For ACCA exam style covers for whole syallabus and is more challenge ; Adv. Diploma is more for internally assessed which based on lecturers focus and tutorial work.


Added on May 2, 2009, 1:06 am
QUOTE(carlosandy @ May 1 2009, 03:49 AM)
I more prefer you attend Philip Woo. Currently he is one of the famous and experience lecturer for P1.
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Thanks Carlosandy , but Dr.Parmindar conduct 2 session for RE and RI revision class. May i know that how was the Dr. Parmindar class conducted if you or your friends have attended it before... Thanks again ..

This post has been edited by denccl: May 2 2009, 01:17 AM
moon yuen
post May 2 2009, 05:28 AM

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Michael Mainwaring (Mco) is VERY GOOD , according to my friend !! (I never attend his class)

She won the Prize Winner for Paper P3 contributing his TIPS is highly accurate on that sitting.
Some of the intensive class revision questions are similar with the actual exam questions.

Thats what she said lo.
She said : She read at last minute (use 1 month to study !!)
She is extremely clever gal.

RM400 for intensive class. Wow, overpriced even if he is GOOD ! sad.gif
`twinkles
post May 2 2009, 02:19 PM

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I am in the same situation like vin99. I am considering whether I should take my ACCA in TARC or other private colleges too. I am qualified for a full scholarship in TARC which makes me studying ACCA really cheap there. I just need to pay for the exam fees(external). My tuition fees and internal exam fees are free of charge. However, if I fail any paper in Adv Diploma in TARC, I would not be able to get even the Advanced Diploma certificate and the ACCA qualification. What should I do seriously? I come from a pretty poor family, I have survived on scholarships during my entire college life. I really want to save the time by studying at private colleges but the price to pay is really causing me to think twice.

This post has been edited by `twinkles: May 2 2009, 02:28 PM
Topace111
post May 2 2009, 06:28 PM

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QUOTE(`twinkles @ May 2 2009, 02:19 PM)
I am in the same situation like vin99. I am considering whether I should take my ACCA in TARC or other private colleges too. I am qualified for a full scholarship in TARC which makes me studying ACCA really cheap there. I just need to pay for the exam fees(external). My tuition fees and internal exam fees are free of charge. However, if I fail any paper in Adv Diploma in TARC, I would not be able to get even the Advanced Diploma certificate and the ACCA qualification. What should I do seriously? I come from a pretty poor family, I have survived on scholarships during my entire college life. I really want to save the time by studying at private colleges but the price to pay is really causing me to think twice.
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If financial limitation applies then don't go to those fancy uni / college just for the sake of it.
If you choose lecturers prudently in Kl it should not be that expensive.
From CAT to finish ACCA tution fees + exam fees for UK I have calculated its around RM 20000 - RM 25000 if you TAKE in KL.
You can pay in installment in most college & don't have to pay lump sum.

There is another alternative but its very hard to get these kind of oppurnities.
First you enter a big firm to work (eg Big 4 like PWC). First you really need to impress these firm that you are loyal & competent......
If you are lucky they will allow you to work there if they are impressed with you. (Ask for low salary & low post first)
Then they may bond you & you get salary & free ACCA course.
I know several friends that followed this route but you need to work 4 times harder than everyone else. Don't worry about failing as big comps can tolerate as long as you have penetrated the work line.
one19944
post May 2 2009, 10:37 PM

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QUOTE(pcm123 @ Apr 5 2009, 12:05 AM)
wutz , so fast v5 adi .
too many accountants produced.......
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Personally Malaysia producing alot of accountant and there will be more supply than demand. anybody agree?
Topace111
post May 3 2009, 12:04 AM

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QUOTE(one19944 @ May 2 2009, 10:37 PM)
Personally Malaysia producing alot of accountant and there will be more supply than demand. anybody agree?
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Yeah MYS do produce a lot of accountants thats why Govt only wants 60,000 compared to 200,000 engineers. biggrin.gif
If you want to supply vs demand equation yeah the ratio seems to bode ill for the profession.
But how do you really define an accountant ?
Do auditor , tax personnel, financier or funds contoller included into equation ? Lets say it does brows.gif
Is anyone an accountant ? a diploma holder can also become accountant (exec, assistant, officer,......etc).
Will everyone remain an accountant ? is promotion or career advancement theory does not exist ? I am sure most of the managers / directors / bosses in biz, economic or financial sector has their foundations based in accounting.
Is versatility or diversification a thing of the past ? Well Tony Fernandes don't think so.

If everyone thinks like you, heck I will have a very good future to look forward too. biggrin.gif
If you want supply demand equation on employment oppurnities look no further than Biz graduate & engineers graduate which constantly shifts around top 5 most unemployed graduates in MYS.
`twinkles
post May 3 2009, 01:35 PM

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QUOTE(Topace111 @ May 2 2009, 06:28 PM)
If financial limitation applies then don't go to those fancy uni / college just for the sake of it.
If you choose lecturers prudently in Kl it should not be that expensive.
From CAT to finish ACCA tution fees + exam fees for UK I have calculated its around RM 20000 - RM 25000 if you TAKE in KL.
You can pay in installment in most college & don't have to pay lump sum.

There is another alternative but its very hard to get these kind of oppurnities.
First you enter a big firm to work (eg Big 4 like PWC). First you really need to impress these firm that you are loyal & competent......
If you are lucky they will allow you to work there if they are impressed with you. (Ask for low salary & low post first)
Then they may bond you & you get salary & free ACCA course.
I know several friends that followed this route but you need to work 4 times harder than everyone else. Don't worry about failing as big comps can tolerate as long as you have penetrated the work line.
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I guess my mother would not want me to start working now, because she still think that I should pursue my studies first, so I think the Big 4 route would not be applicable to me. I wouldn't want to choose the fancy colleges because I know how bad my family's financial problem can be. I was just thinking to get in Kasturi since they said it is for affordable education? But then, RM25k is still a big sum when compared to TARC free tuition sad.gif Can we apply for PTPTN loan for Kasturi?
Topace111
post May 3 2009, 01:46 PM

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QUOTE(`twinkles @ May 3 2009, 01:35 PM)
I guess my mother would not want me to start working now, because she still think that I should pursue my studies first, so I think the Big 4 route would not be applicable to me. I wouldn't want to choose the fancy colleges because I know how bad my family's financial problem can be. I was just thinking to get in Kasturi since they said it is for affordable education? But then, RM25k is still a big sum when compared to TARC free tuition sad.gif Can we apply for PTPTN loan for Kasturi?
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I dont think PTPn will offer loan for professional qualification programme on the assumption that you already have a qualifaction which is sufficient enough to find work before pursuing it. I think sunway offered scholarship but SPM results must be good lo.

Since your main worries is 2 fold : the safety net & financial limitation I think you should stick with TARC programme. If i am not mistaken there is another alternative in tar programme is that you can get advance diploma in 2.5 yr but without taking acca ?
one19944
post May 3 2009, 11:01 PM

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hi guys~!

I got Question to ask you guys, I don't know I mind get the answer. I have a business management degree on my hand and went to take ACCA by starting from F2 to the end.

At the end, Can I still become a charter accountant with my business management degree ++++ ACCA in the future.


Added on May 3, 2009, 11:02 pmmeaning that am I able to get an audit license without accounting degree. wholely depend on ACCA.

This post has been edited by one19944: May 3 2009, 11:02 PM
Topace111
post May 3 2009, 11:18 PM

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QUOTE(one19944 @ May 3 2009, 11:01 PM)
hi guys~!

I got Question to ask you guys, I don't know I mind get the answer. I have a business management degree on my hand and went to take ACCA by starting from F2 to the end.

At the end, Can I still become a charter accountant with my business management degree ++++ ACCA in the future.


Added on May 3, 2009, 11:02 pmmeaning that am I able to get an audit license without accounting degree. wholely depend on ACCA.
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ACCA is already more qualified than degree to become recognised.
ACCA gets you the title chartered accountant from UK while the MIA in MYS is the recognition from MYS. Of course you can also apply for MIA from acca. Having degree alone will only gets you recognition from MIA if you take their exams but ACCA holder can get recognition from MIA & ACCA.
one19944
post May 3 2009, 11:32 PM

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Topace111

Thanks bro~! Lack of information, Thanks for your information and advise. notworthy.gif notworthy.gif notworthy.gif
elite_smart
post May 4 2009, 12:01 AM

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QUOTE(one19944 @ May 2 2009, 10:37 PM)
Personally Malaysia producing alot of accountant and there will be more supply than demand. anybody agree?
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Lol.. Supply more than demand? Many years to come..
icecolddamncold
post May 4 2009, 12:03 AM

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hi guys! there's sth i would like to clarify here. hope i can get some feedback here.
according to the student accountant magazine published months ago, there's this article on completing OBU degree.
it states that upon completing ur OBU, students must at first cleared the P1 Professional Accountant paper before u can officially graduate as an OBU grad.
is that true?
was kinda confuse with that and worried. papers im taking now were f4, p2 and p3.
f4 would be the last paper in my fundamental papers and i would like to start my OBU project starting july 2009. problem is my P1 is still outstanding. referring to the article, if my P1 is still to be attempt, i cant continue with my OBU project until i cleared it? is that it?
nothingz
post May 4 2009, 11:35 AM

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QUOTE(icecolddamncold @ May 4 2009, 12:03 AM)
hi guys! there's sth i would like to clarify here. hope i can get some feedback here.
according to the student accountant magazine published months ago, there's this article on completing OBU degree.
it states that upon completing ur OBU, students must at first cleared the P1 Professional Accountant paper before u can officially graduate as an OBU grad.
is that true?
was kinda confuse with that and worried. papers im taking now were f4, p2 and p3.
f4 would be the last paper in my fundamental papers and i would like to start my OBU project starting july 2009. problem is my P1 is still outstanding. referring to the article, if my P1 is still to be attempt, i cant continue with my OBU project until i cleared it? is that it?
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are you sure that you are still OPTED INTO THE OBU SCHEME? because the OBU eligibility has been changed in the last December, one of the changes is.. 'you must post sufficient english proefficiency' which means you have to pass F4 before passing any of the F7-F9 papers.

Please refer to the bottom part of your latest ACCA results slip or log on to MyACCA to check your status. I was one of those who are affected by the above clause, however my appeal on it was successful, now i am re-OPTED INTO THE OBU SCHEME again. rclxms.gif
jacktai
post May 4 2009, 12:30 PM

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QUOTE(nothingz @ May 4 2009, 11:35 AM)
are you sure that you are still OPTED INTO THE OBU SCHEME? because the OBU eligibility has been changed in the last December, one of the changes is.. 'you must post sufficient english proefficiency' which means you have to pass F4 before passing any of the F7-F9 papers. 

Please refer to the bottom part of your latest ACCA results slip or log on to MyACCA to check your status.  I was one of those who are affected by the above clause, however my appeal on it was successful, now i am re-OPTED INTO THE OBU SCHEME again.  rclxms.gif
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It seem ACCA & OBU are getting harder then before. So friend faster complete all the paper before suffer the change again. Lucky I took my OBU before the change, that time the requirement are very low. Just pass all the Part 2 paper do the project thats all. Then the certificate are send to you house.
nothingz
post May 4 2009, 12:40 PM

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QUOTE(jacktai @ May 4 2009, 12:30 PM)
It seem ACCA & OBU are getting harder then before. So friend faster complete all the paper before suffer the change again. Lucky I took my OBU before the change, that time the requirement are very low. Just pass all the Part 2 paper do the project thats all. Then the certificate are send to you house.
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my lecturer said, 50 pound for a degree, where else can you find? somemore now Oxford Brooke got over 30k students opted into this scheme, what other University got this amount of students?

therefore, OB does not really bother about having not enough students biggrin.gif

This post has been edited by nothingz: May 4 2009, 12:43 PM
jacktai
post May 4 2009, 12:51 PM

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QUOTE(nothingz @ May 4 2009, 12:40 PM)
my lecturer said, 50 pound for a degree, where else can you find?  somemore now Oxford Brooke got over 30k students opted into this scheme, what other University got this amount of students?

therefore, OB does not really bother about having not enough students  biggrin.gif
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So had you granted your OBU?? Just last year, I even went for the OBU convocation (Asia region) which held in KL.

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