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

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Topace111
post Aug 22 2009, 11:24 PM

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QUOTE(kaikeikan @ Aug 22 2009, 07:56 PM)
I'm very interested in siva nair,for that FTMS has classes started after the results is out....but when some of u said that he is more on the practical side, does that mean he go through the question really fast and that he just jot down points thinking that we might already know how to solve the question?

Can someone who studied under siva nair here comment on him?

Thanks!
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His style suits those whom are already working I guessed. He will quote the public ruling or section very quickly then explain it in his own way.
He will drill question with students (he will practice questions with you). I wont say he is the best P6 lecturer but since you need a fresh direction, why not consider this one. He can share a lof of useful tips on how to answer exam with proper techniques (he is one of the markers).
Topace111
post Aug 23 2009, 01:21 AM

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QUOTE(tan8 @ Aug 22 2009, 11:50 PM)
is his style sumthing like ckf's? does he go by the syllabus or more of a practical approach?
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more like syllabus. Practical approach is not really necessary in P6 since theory application is already hard enough. I think it is extremely difficult to quite real life examples in tax, maybe some case laws but that is considered worst case scenario if it really occurs. Optional paper tends to be theoretical & applicational rather than practical approach.
Topace111
post Aug 25 2009, 12:15 PM

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Lecturer is there to guide only, no of classes will never be enough to pass the exam if students do not take the iniative to study. For KL centres at least.
Topace111
post Aug 26 2009, 10:45 AM

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QUOTE(maymay @ Aug 26 2009, 09:48 AM)
Anyone here attending Haneef class for P2?

His notes like very short, give us little examples only, just study his notes is it enough? or need to buy other books to read like kaplan P2 text book, tan liong tong consol book?
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He hates people memorising his notes, which is why his notes only comprised of key words.
Study his notes for the key words & main principles but for the application you should try other materials too.
For P2, it is best for students to master what they have learned instead of learning as much as they can (quality over quantity).
For every session, the examiner will twist & chop his question into something unrecognisable to filter students that study blindly.

For every professional paper , all based one 1 principle :
No matter how difficult or different the questions posed, stick fast to what you have learned & apply.
In my finance question, they released some questions I have never heard about (not even study) so just applied what I know then can pass already.
Topace111
post Aug 26 2009, 03:52 PM

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QUOTE(vin99 @ Aug 26 2009, 02:58 PM)
How to pass F8 paper? Looks like so difficult... and i am poor in english... sigh....
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In audit there is an unofficial rule which is called the "fundamental error".
Make this mistake your chance of passing will be very low no matter how well you performed overall.
In audit you dont have to understand anything at all but you need to show to the marker how well you can structured your answer.
Technique is everything in audit, you need to format your answer based on examiner style. Even if you answered correctly but in wrong presentation still get 0.

Thats why you will see a lot of people failed audit again & again and always around 45 - 49 marks range.
In audit, we rarely looks at positive answer but negative answer is always prevalent. Instead of asking how to pass F8, you should asked yourself how to minimize risk of failure in F8.
Topace111
post Aug 27 2009, 01:36 PM

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QUOTE(carlosandy @ Aug 27 2009, 01:35 PM)
Try Sheila (MCO). I think she is the best in KL currently.
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She is the "only" one teaching.
Topace111
post Aug 28 2009, 11:39 PM

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QUOTE(jayniel @ Aug 28 2009, 06:47 PM)
for theory, memorize all IASs.. to the point that u can quote the entire standard.. make notes if u want.. always dedicate ur time to this paper.. u must know IASs and IFRSs in detail for sure..
for console, practice questions.. try to do as many as possible until ur speed is superb.. and also read past year answers to see how the questions are answered..

this is wat i did and i scored for the paper first attempt.. Good luck!!
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That is the Menon solution biggrin.gif
Topace111
post Sep 1 2009, 06:26 PM

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QUOTE(shamila0 @ Sep 1 2009, 03:48 PM)
I am an ACCA student and I am left with 4 more papers..I have opted to have one of my last paper to undergo admin review.. Not sure how the result is going to be..

I have a few questions..

1. Where can I get BPP book for P7 (MYS)?
2. Considering that I am attempting P2, P5 and P7 in the Dec 2009 sitting, Can I do a self study on P5?
3. Are there any other lecturer besides Andrew Pang who is good in P5? Other recommended lecturer for P5?
4. Has anyone received a positive feedback from the admin review?

Hope to get some advice.. Thanks a lot..
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1) Very hard to find acca books from local bookstores. I know McO centre sells BPP books & P7 is one of them. For audit there is not much difference between international & MYS stream. Around 0.1% only.

2) Regarding self study, it is rather hard to say since everyone studies with different absorption rate. Comparing all this 3 papers, I will say P5 is the least hardest to manage. Why not you try to look at its precedent paper F5 before decide ?

3) There are a lot of people teaching F5 but only Andrew Pang & Chow Kim Tai with > 20 years experience. I have received many Pm from students from other lecturers that they are quite good too but then again it depends on their preference & style too.

4) Admin review is best avoided bcos examiner / marker always tried their best to pass the student within 45 - 49 marks range (speculative). However if you anyone is stuck at 49, it is most likely that the student have much such a grave error that examiner cannot pass the respective student. However if the examiner is in good mood .....who knows ?


Added on September 1, 2009, 6:34 pm
QUOTE(ahpek78 @ Sep 1 2009, 04:04 PM)
wah you sound like other lecturer othere than philip woo got NO DEMAND  whistling.gif
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Demand for lecturer is a very interesting topic actually.
I dont think most people will actually go all the way to find "a lecturer" if they have not browsed this forum b4.
Most will just stick by a famous centre like Sunway or KSA.
So unless that particular lecturer is very reputable, there is actually 0 demand for that lecturer.
The demand all goes to the centre / university.

So its like you are saying, "I go to sunway bcos i really like that Mr X teaching for that particular paper".
Or "I go to that particular centre just bcos of that Mr Y, nothing more nothing less".

By the way I never study under Phillip Woo before, so you cannot literally flame me for being supportive of him, peace ya icon_rolleyes.gif

This post has been edited by Topace111: Sep 1 2009, 06:34 PM
Topace111
post Sep 3 2009, 06:37 PM

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QUOTE(vin99 @ Sep 3 2009, 05:04 PM)
HI.... May I know what is "fundamental error"?
How do I prevent from making this mistake?
I am first time taking F8 exam for this sitting.. there is anything I should pay attention on?
Btw, the answer should write in essay form?
How is presentation should be?
Thanks fo reply^^
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Examiner always set the exam with 50:50, fundamental : technical ratio.
Examiner expects student to do well in those fundamental areas (to pass) but more tolerant when students make technical mistake.
Technical mistake is very hard to discern, since examiner can released all kinds of difficult questions but if you encounter a very weird & confusing question, more likely its a technical question. However if question asked is direct but you make the mistake here, marker will not be amused.

Examples of fundamental error :
- Confusing TOC with SP
- Confusing credit sales with cash sales

Fundamental errors will likely committed by those students who learned by memorising or the "audit way" (flipping between questions & answers).
So the student just copy & paste regardless of the entire scenario.


Added on September 3, 2009, 6:46 pm
QUOTE(BABIyat @ Sep 3 2009, 05:18 PM)
people,
wheres your best choice of taking the ACCA exam?
and your reasons?
+ the pros and cons of taking exam at the center.

thanks.
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Doesnt really make any major difference but if you are those guys that think (take at sunway hard to pass..... take at others quality is reduced, easier to pass.....) then my suggestion is to take at remote places.

During CAT I took at TARC, students there got aura of icon_idea.gif ,exam under one large hall & you will see all kind of faces over there. Seen a girl crying bcos lack of time, guy sleeping bcos of boredom or confusion, got 1 student keep on asking extra booklet, one guy keep on going to the toilet,... but most shows that intimidating face that shows "I can do any question & score at every exam"..... brrr damn stressful.

Then I took at IPB (rejected at TAR bcos of geographical factor). The most relaxed place I ever been. At least half of the students are CAT not ACCA (both took together), hall is very long but not large so no need to see many faces over there. Most of the students are one kind, if you get my drill.

This post has been edited by Topace111: Sep 3 2009, 06:46 PM
Topace111
post Sep 3 2009, 11:42 PM

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QUOTE(innocence @ Sep 3 2009, 07:13 PM)
is IPB de one at maluri? i heard there's one acca exam centre at maluri.. very near my place.. but dunno wat's de code..  sad.gif
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Last time under Fed Terr (others) , now got a code on its own. Check IPB.
The exam form should show its code.
Most who live near KL took there (or designated to)
Topace111
post Sep 4 2009, 10:58 PM

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QUOTE(vin99 @ Sep 4 2009, 10:23 PM)
Oh... today i sit a test which prepare by phili woo... I found it very hard and I don have enough time to do... I one question din't do due to lack of time and one question simply do because of don understand the question... sigh... May be I spend too much time to think...this small test I found it very difficult, how do I sit for ACCA real exam?

I worry that whether will get at least 30marks or not.. because phili woo said if we score less than 30marks after attending his many classes then he got nothing to say d... he said 30 marks is defination, if we defination also can't score then no need sit for exam d... Now I attendig phili woo classes... Is it possible I pass my ACCA exam in first attempt?

Ya... My lecturer said better don go those centres which start with "T" and "S"... I may consider go to IPB but dono how to go... U guys know how to take LRT go?

Topace111, u finished all ur ACCA papers d?
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I finished all the papers already, just came back from a Big 4 interview today.

IPB very far from LRT (nearest is Maluri which is 2km away). But for anyone who lives near Klang valley or Cheras like me, its very near.

Phillip woo was known to spot inaccurately like most lecturers so just study based on your own.
My best tips to you, NEVER BELIEVE ANY LECTURER WORDS FOR GRANTED. Challenge the idea first then you will better comprehend it. Daniel Ho & Parmindar always encourage me to argue with them whenever I had any discussions with them. When I told them bluntly I dont believe any of their spots or tips, they encouraged me to do so.

Another thing worth mentioned is that your performance during exam is VERY DIFFERENT compared to normal time studies. Your mind works at different level at exam compared to normal classes perhaps due to focus & determination. Mock test is just to test your performance during that particular period of time. There is some lucky candidates that study 30% of syllabus & exam test exactly 30% of that so its unfair to gauge in that particular order.

In audit exam, only 10 marks are allocated for "pure memory stuff" which is qs 2 which I think is mostly definitions.
Apart from that most of the questions centred around applications : SP, SAP, TOC, the F/S audit (sales, cash), audit report,.....
Maybe Phillip told that to student to buck up their motivation so that they will work harder to score next time.
I have friends & lecturers keep on telling me that I cannot finish quickly, failed some,.... who cares, as long as you believe in yourself.

Topace111
post Sep 6 2009, 02:06 PM

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QUOTE(vin99 @ Sep 6 2009, 01:16 PM)
Oh.. How was ur interview? ok? Oh ya.. how to complete da 36mths ethical for ACCA? I plan to finish this sitting exam wanna find work first, coz family unaffordable to keep help me pay those fees.. So i plan to half working half studying..
i am from klang.. klang go there very near?
Can I add u as friend in msn? hehe.. coz i have a lot questions wan to ask^^
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Can PM me directly.
Interview is reasonable I think, gone around 1.5 hours with one on one session. I am the only one being interviewed.
IPB is the near the centre of KL so its reacheable by many KL students which is why I was transferred there when TAR is full.
There is some interesting point regarding working - studying :
1) Some firms are tolerant & support staff that work & study together (find those firms that encourages these, mostly large firms)
2) You need to properly manage the balance of working - studying together (quite hard by any means)
3) If you work in a very related or relevant industry, the knowledge & experience gained can be useful for acca studies.
Topace111
post Sep 10 2009, 08:06 PM

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QUOTE(Jessicacwp @ Sep 10 2009, 04:31 PM)
Thanks for ur reply.. yup is it the exam centre with code I842 (KPTM) ?
Normally, how long is the distance from Pandan Jaya station to KPTM by walking?

One more question, if compare to IPB (Baitulmal) exam centre, which centre is more nearby to the LRT station?
Cos it's more convenient for me to take LRT.. Thanks a lot!! smile.gif
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I think I can help you with this since I practically walk to the pandan jaya LRT from my condo.
If from PJ lrt to KPTM it should be around 5 minutes.

IPB is very far, nearest is Maluri LRT which is roughly 15 to 20 minutes walk.

By all means please choose KPTM, if all those rumours about selection of centres is true then your chance to pass at KPTM is the highest of all centres. Just realise about the existence of this place after you guys mentioned it, never know what the building is called. Everybody called it Mara in my place, never realised it offers acca.
Topace111
post Sep 14 2009, 05:33 PM

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QUOTE(redskop_malayan @ Sep 14 2009, 01:22 PM)
have check for the exemption and i got almost all except this F5, F7 and F9 paper...

pls advise anything regarding that 3 paper...
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F5 is costing paper, deemed the hardest in fundamental level. Think marginal & absorption, abc, variance,.....etc.
F7 is reporting which is the core of acca, medium difficulty but requires a lot of practice to build up speed. Think consol, published a/c, cashflow,...
F9 is finance paper which is the foundation to real finance of P4. Think NPV, hedging, forex,....etc.

Each paper is very different from one another, so you need to balance your time & effort equally well. For F7 a good lecturer is a must since you will still need to take P2 later on. For F5 & F9 good lecturers are scarce at the moment so select carefully. Its no longer like a degree where you can rely on tips. In Acca (there are still tips by lecturer) but relying on them is like buying lottery ticket. The low & inconsisten pass rates of indiviudal acca papers relfects my point.


Added on September 14, 2009, 5:36 pm
QUOTE(vin_ann @ Sep 14 2009, 03:59 PM)
wat is the full name of IPB?

is it the 1 nearby the kg pandan track there? opposite the primary / secondary sch???
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Yep the same but most people went to the wrong building the first time going there (got 2 building with similar name).
Full name is Institut Professional Baitulmal, offer CAT & some cert to do with tax.
My old sec school SAB is around the corner too tongue.gif Never thought will go back to that area.

This post has been edited by Topace111: Sep 14 2009, 05:36 PM
Topace111
post Sep 15 2009, 11:19 PM

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I cannot advise on this since everyone has their own SWOT. Some may find it easy as a breeze while others flung spectacularly & many others have narrow misses or success. If you have high self discipline then go ahead taking as many papers as you want since how & when you study depends entirely on your own. For degree you may have tips to rely from lecturers (since they set the paper), but for acca you have to rely on yourself since lecturers teachings may differ from those of examiner (happen in my P4).

Another thing worth mentioned is determination, failure is almost normal for any acca graduates (I have been asked that multiple times in interview itself) so you need to bounce up rather quickly to proceed & keep moving on. More than half of my CAT batch students dissapear later on because they lose hope very quickly after failing.
Topace111
post Sep 16 2009, 10:39 AM

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QUOTE(ahpek78 @ Sep 16 2009, 12:34 AM)
mind telling us where you studied P4?
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It doesnt matter where you study since everyone in the world suffers similar fate for P4. Try reading Bob Ryan examiner international blog. Almost all the candidates are clueless how he set the exam standard. I would say almost all the lecturers use precedents & past papers to safely forecast the futures questions. However this particular examiner rarely use the recommended textbook like BPP & KAPLAN & use his own source material.
So every seating question is farcry from the previous one.

Although questions are out of the world context (or too practical) but in the end we already anticipate the worst so just apply on what we learned. Although examined stuffs are very different, I heard a lot of my friends pass as well (almost all of them) eventhough pass rates are the lowest at 30%. If you want to know, i studied under Daniel Ho at FTMS who has stopped teaching this semestar.


Topace111
post Sep 16 2009, 05:14 PM

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For F5,F7 & F9 all have their precedent paper in CAT (namely T6,7 & 10). So most examiners already assumed you have master the basics b4 moving on to this paper. Most student with fresh knowledge from fundamentals its easier for them to cope. For those without these basic knowledge, studying will be more troublesome as you will need to start all over again. Since you are quite matured I think studying should be less taxing if you start all over again compared to younger students (if you dont mind the age gap).

For F5 : you need to have good knowledge & how to analyse the question to answer it appropriately. Its evenly balanced at 50:50 calculation & theory ratio so you will need to study smart for this one. Passing rate is at all time low 30% range.

For F7 : practice makes perfect. Since this paper is more quantitative you need to practice a lot to build up the speed. You need to prepare a lot of things & 3 hours is just enough for you. Some lecturers will teach you shortcuts to manage the time but shortcut normally involves eliminating workings so if you are correct you get full marks, if you are not you get 0. Has been a relatively easy paper but recent pass rates has been contrary.

For F9 : Finance is considered a very different syllabus compared to the rest. In finance, its all about estimation, assumption, forecasting so there are many approach to arrive at the answer. Some lecturers will teach you 5 methods, some only 1 but they are all correct as long as you fulfilled the requirement. Since its based on assumptions, students that cannot adapt & innovate will find it very troublesome.

I can only guide & advice as there is never an absolute solution or answer. On whether you can cope or not, you have to try on your own until you figured it out. ACCA is one of the most unpredictable qualification around.
Topace111
post Sep 18 2009, 12:06 PM

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QUOTE(kitty88 @ Sep 17 2009, 10:58 PM)
anyone here mind explaining what is the difference between RE and RI for Parmindar's p3 revision class? which one is a better option?
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RI is meant for those never attend his class before, more like a summarised version of his lecture (minus all the examples, jokes, experience,...etc).
For those with very strong memory (done intensive revision) RI will be very dull & repetitive. Its the same thing but more focused on key topics.

RE focused more on exam techniques & analysis of past years for reference. He rarely explain on this in class so going for RE is quite beneficial compared to RI, if you have spare time my advice is to go for both.

I never attend RE bcos heavy clash with my P2 revision. tongue.gif
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post Sep 23 2009, 03:18 PM

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QUOTE(violetjasmine @ Sep 23 2009, 01:26 PM)
Hi,

I am now residing in terengganu for work purposes. I have registered to take P6 Advanced Taxation. But, the problem is I can't join any IRC held during weekday (can't take leave). May I know which college in KL or Selangor will have IRC during weekend. Ya, will Dr Choong Kwai Fatt conducting any IRC for P6 this round? Thanks in advance.

Any changes the most important in P6 this round?
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Try to read some of the articles released by the examiner himself. For my seating he tested all the articles he released (sort like a bonus).
If memory serves, Alan Yeo likes to conduct IRC on weekends.
Topace111
post Sep 25 2009, 12:47 AM

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[quote=innocence,Sep 24 2009, 11:12 PM]
opposite st gabriel..not directly opposite though..but somewhere nearby.. smile.gif


Added on September 24, 2009, 11:14 pm
Added on September 14, 2009, 5:36 pm

Yep the same but most people went to the wrong building the first time going there (got 2 building with similar name).
Full name is Institut Professional Baitulmal, offer CAT & some cert to do with tax.
My old sec school SAB is around the corner too tongue.gif Never thought will go back to that area.
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[/quote]

ur from sab?
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[/quote]

Uh huh, which is why I was kinda shocked when they put me in IPB.


Added on September 25, 2009, 12:52 am[quote=jactval,Sep 25 2009, 12:27 AM]
Just got response from ACCA Malaysia, the events above will be held at Menara Hap Seng Building. RM30 for each seminar. Is the seminar above worth to join? Is there any forumer joining this as well?
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[/quote]

Oh thats quite cheap, then you should really go. I have attend some of the talk at ACCA Career fair & its really good (but its very quiet & people are damn serious). I think they hold it bcos :
1) Question mark on F8 examiner future.
2) Low pass rate for F8
3) Technique & Format of answer are more important compared to knowledge in audit (F8).

Last time they hold it there, due to my mistake I called up all my friends b4 asking for the fees (since they did not mentioned it = free). When all organized but later found out cost few hundred ringgit, all back out. Who can blame future accountants eh ?

This post has been edited by Topace111: Sep 25 2009, 12:52 AM

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