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

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Pooh-Bear
post Dec 24 2009, 01:26 AM

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QUOTE(88XAVIERX88 @ Dec 23 2009, 08:22 PM)
thanks for the info. it's really helpful.

yea, i try to gather as many information as possible from people. so far it does not seem like a good choice coz alot claim that it is going to be very tough and risky. coz if i fail, i cannot quit coz bonded. so now still asking around for more opinion.

hopefully someone studying ICAEW right after A level can help out.haha
ICAEW used to be prestigious but some claimed that ACCA is just as tough and prestigious. coz now, ICAEW seems to be following what ACCA is doing to promote their qualification by relaxing their entry requirement.
so still not sure.

the main problem is,will i be able to secure a job with my A level results? coz even if i want to study ICAEW, it is still not confirmed that i can get it coz i have to secure a job first.

will the interviews be hard? what should i expect from the interview?

below are the list of ICAEW aproved employer that sunway gave me, which should i try to go for if i were to study for  ICAEW?

Abu Bakar Rajudin & Co
Maybank Investment Bank Berhad
BDO Binder

Boustead Holdings Berhad
Beh L H & Co
Peter Chong & Co
CIMB Group Sdn Bhd
Crest Builder Holdings Berhad
Deloitte
ECM Libra Avenue
Ernst & Young
Folks DFK & Co
HL Hong & Co
GHL Systems Bhd
Genting Malaysia Berhad
Hong Leong Group
KPMG
Peter I M Chieng & Co
Lee Teck Leong & Co
MustaphaRaj
MAA Assurance
PETRONAS
PricewaterhouseCoopers
Shamsir Jasani Grant Thornton
Tenaga Nasional Berhad
Suruhanjaya Sekuriti
UHY Diong
Sunway Group
like i said previously, i'm keeping my options open.

coz acca is just as good or some claimed to be better than ICAEW.

i still wanna weigh the pros n cons of both of them before choosing.

hope some of you here can help me with this.

i need more opinions.

thanks
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You're welcome. The interviews will be tough because they want to see if you can handle pressure and stress. Like, for example, if you were to apply to PwC, you would have to be interviewed by the HR manager. If you can't get through her, then that's it. Since Sunway informed you that there they have students from A-levels doing ICAEW, I guess it's not impossible to secure a job with one of the firms. Maybe you can check with them which are the possible firms.

Your question about which firm to choose...the thing is, the firms in the list are of different types. Some are accounting firms(e.g. Big 4, MustaphaRaj, Grant Thornton), some are commercial firms (e.g. banks, Genting, Sunway). Do you really know what kind of firm you want to work for? Do you really know the job nature? In an accounting firm, you could be in areas like audit, tax, consultancy or others; whereas in commercial firms, you might be involved with stuff like financial analysis, accounts preparation. The job nature is rather different. I had no idea at all what all these were really about before entering my degree (was a science stream student too). You really want to make sure you have an idea about these first, because, like you say, once you sign a training contract with them, you'll be stuck with them for a few years. Otherwise, maybe going for an option that allows you to do full time studies first would be a wiser option.

Btw, someone who is currently doing ICAEW once told me that you can actually do ICAEW full time (self-sponsored) and seek for employment later. In fact, firms are happy because they save cost (of sponsoring you, and the paid study leaves). But then, if you are unable to secure a training contract with one of the authorized firms later, you will never be qualified, all your previous effort will be gone, so it's risky in a way. Also, it is compulsory that the training contract be at least 3 or 4 years (not sure the exact #), so you will still have to be bonded for that amount of years.

There was once somebody asked Mr Philip Woo (one of the ACCA lecturers) regarding ICAEW, and he told us if you have completed your ACCA, don't go for ICAEW, but go for other options that may add more value (e.g. MBA). Because ICAEW is just another professional qualification - just like ACCA specializes in financial accounting while CIMA specializes in management accounting (you usually go for either one only, not both); ICAEW specializes in group accounts (if I'm not mistaken). Perhaps this could help to guide you, which type of accounting you wish to specialize in.
Pooh-Bear
post Dec 24 2009, 05:14 PM

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QUOTE(gnitney @ Dec 24 2009, 12:57 PM)
i have email-ed them yesterday but there was no reply so i email-ed them today again...i am afraid that since christmas is tomolo maybe they may have thier day off....
i had also called them but..too bad my english was so bad that i couldnt actually communicate with them...i could only tell them what i want and hopefully they get what i meant....  cry.gif
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Previously, they (UK) took almost one month to reply each of my emails. Maybe you can try call the KL office and see if they can help you with it?
Pooh-Bear
post Dec 30 2009, 01:22 AM

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QUOTE(innocence @ Dec 29 2009, 01:54 AM)
may i noe where is chow kim tai n daniel ho teachin now? any other recommended lecturers for p4 n p5? urgently in need of advices.. tq..
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Both of them are teaching at Taylor's.
For P4, there have been ppl recommending Oviyan from FTMS (check the earlier pages).
Pooh-Bear
post Jan 7 2010, 02:06 AM

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QUOTE(coolkid23 @ Jan 5 2010, 08:47 AM)
Need help!

I just came back to Malaysia yesterday.

I have F1-F9 exemption with me and gonna take P1-P3 in June sitting.

Is it too late to register now?

Where to go better?
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It's not too late to register with the colleges, but the deadline for registering with ACCA as a student (in order to attempt Jun '10 papers) is already over for Malaysia office. Not sure if the UK deadline is over yet.

QUOTE(carlosandy @ Jan 6 2010, 08:49 AM)
Very simple,

If u prefer good study environment, go ahead Sunway.

If u prefer experience lecturer, please refer 1st page of this topic.

Every college oso got pro & con, that's no perfect in this world. When u prefer the pro for college, u need to accept disadvantage for it oso. For eg, KSA & MCO provide a strong term lecturer for P1 to P3, but at the same time u need to accept their bad study environment.

For F7, u no need to worry too much since u study it b4. As I know most of the lecturer will do some revise in the class if it really related to P2. Like me taking 2.5 under old syllabus and pass many seating ago b4 take P2. So when I go for P2, I also can follow and pass it by 1 attempt.
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Well he or she did mention studying GAAP previously instead of IFRS. Thus although exemption for F7 was given, there would be differences.
In P2 class, areas relating to F7 are briefly revised/covered, it may be sufficient for students who studied F7 before. However for students who obtained exemption for F7 via degree, the coverage is insufficient because the degree lectures do not delve that deep into the accounting standards - not so specific. It might or might not be true for some people, but it happened to me and some friends from different universities. Frequently, the lecturer might assume you already know.


Added on January 7, 2010, 2:08 am
QUOTE(vincent0122 @ Jan 6 2010, 08:30 PM)
I want to ask can we using debit card to pay annual subscription and examination fee?
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If you check the earlier thread, twinkles did mention paying the fees successfully via PBB Visa Electron (Debit Card).

This post has been edited by Pooh-Bear: Jan 7 2010, 02:08 AM
Pooh-Bear
post Jan 7 2010, 08:35 PM

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QUOTE(carlosandy @ Jan 7 2010, 08:48 AM)
Forgot to tell you that, my 2.5 is MASB and P2 is IFRS, but still can follow and pass. At the same time, I got some degree friend also obtained exemption for F7 via degree, but at the end they also can pass w/o study F7.
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Well, keeping my fingers crossed that I'll pass the paper. Frankly speaking though, I feel that there is more to learn.
Pooh-Bear
post Jan 19 2010, 08:26 PM

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QUOTE(88XAVIERX88 @ Jan 19 2010, 10:56 AM)
I need Kaplan exam kit for F2 n F3. where can I get them?

I dun have frens in ksa or mc orange. n my college library oni have the older version of kaplan text. they dun have the kit. 

I need the exam kit to study. sad.

so any ways that I can get kaplan books?

coz for later papers I will also need kaplan books n the library dun have it. so i better learn how to get the books now.
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Orange is selling BPP. So far I only know KSA as the place to obtain Kaplan text, and unfortunately they do not sell to non-students.
Googled and found out that people buy it from Singapore.
(Ref: ACCA textbook
Where can I get Kaplan textbook in Malaysia)

It's really pricey to order from Singapore though, S$80 for the text and S$45 for the kit (Kaplan Singapore).

I have raised the matter to Kaplan, they replied that their office in Singapore supplies Kaplan material to Malaysia due to cost effectiveness (cost of shipping material from the UK).

Most of the colleges fail to update the library books, regardless of which publisher.
Pooh-Bear
post Feb 25 2010, 02:26 PM

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QUOTE(starz92 @ Feb 25 2010, 09:48 AM)
Hi all,can i know what's the difference between ICAEW and ACCA?Which one is a better qualification?Is ACA qualification=ICAEW qualification?
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Yes ACA is ICAEW.

Umm..anyone here can advise on whether BPP or Kaplan manual is better for P4? Thanks.

This post has been edited by Pooh-Bear: Feb 25 2010, 02:31 PM
Pooh-Bear
post Feb 25 2010, 05:15 PM

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QUOTE(Topace111 @ Feb 25 2010, 02:57 PM)
I dont think you can apply either book cos examiner doesnt even use either of that both. Stated clearly during examiner approach interview. Which is why more & more people avoiding it cos dont know what to expect. You can only predict the future using the past technique here. Meaning you must apply key principles in past year to apply in next exam. If you have done past year, you will realise each and every question is different from the prior period. Great right  tongue.gif  I also dont know what I was doing back then biggrin.gif but I love it nonetheless
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Hmm...you're referring to Bob Ryan right? Have yet to see the examiner approach interview, but saw this in his blog:
QUOTE
For those taking P4 in the future what I will repeat is that the authorised manuals are very good in that they do take you through the syllabus in a way that no other textbook can. They have been written specifically for the paper and I would encourage anyone taking P4 to make sure that they have one and work with it. They form a solid core of study material which you can then supplement by appropriate courses and/or reading to maximise your chances of passing.

http://professorbobryan.blogspot.com/2009/...-off-on-p4.html
Isn't that contradicting? shocking.gif

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