Since analytical procedures can be carried out at any stage, to be more accurate, you can call it as Preliminary Analytical Procedures (beg of the audit) , Substantive Analytical Procedures (during the audit) , Overall Analytical Procedures (end of the audit).

Preliminary Analytical Procedures(usually ratios) - part of the risk assessment procedures (mandatory)

Substantive Analytical Procedures(trend analysis,proof in total, ratios) - part of the substantive procedures (which is optional, depending on the risk assessment and other factors. EG : If ToC can be relied on, there is a higher chance you can put reliance on substantive analytical procedures and carry out less tests of details. If ToC is weak , you have to carry out detailed substantive procedures and that means more tests of details with little or no substantive analytical procedures)

Overall Analytical Procedures (usually ratios) - Mandatory - to check to see if the F/S as a WHOLE is reasonable and consistent with your audit findings



This post has been edited by fastandfurious: Nov 16 2009, 01:51 AM

ucsi @ connaught? pasar malam connaught tau D: . or if it's at taman taynton the location of the 2 ucsi pretty close also lol.

Any current F6 or P6 students here can help me- In order to determine the total sales value chargeable to tax , usually we include freight charges, insurance, cost of purchase of the material and import duty. Is processing cost included ?? according to my old F6 textbook it shld not be included but the notes by my lecturer includes it. pls update me on this appreciate much!

did p6 today, p7 tmr wtf i hate back2back exams. cant they leave us some breathing space T_T

Q2 i think it's all about the exemption on qualifying services right ? I hope they award a lot of marks for calculating that only. i screwed up mostly on the rest of the Q2 i think haha. But Q1,Q4 and Q5 can cover

P7 Q1 tough lik shiet, Q2 was time sucker,Q4 and Q5 unbelievably easy. heh.

anyway time to enjoy 2months! haha wth thinking abt things we cant change already huhuhuuu

u r correct. but the bubble part. i dont get it. You wan start at Page 2 also can like I always do

This post has been edited by fastandfurious: Dec 14 2009, 11:48 AM

Heh, she is good for instilling fear in us. The fear of attending her class, not so much failure in the exam lol. And the way she lectures... heck I felt as though she spotted the entire syllabus. I didn't dare to leave out any parts. Well, p2 is history for me anyway D:

As for which Q to do first I always believe in doing the "difficult" one, usually Q1 that have long paragraphs first(doesn't mean you hold on the Q and don't let go, times X marks with 1.8mins to gauge roughly when you should stop). Because those Qs are the ones that require a lot of thinking. Those easy ones that don't need you to crack your head means you can write and write without thinking so much. Very often I find myself doing the easy Q in the last 15 minutes and I still managed to do a large part of the Q(and still writing eventhough the time is up ). I don't think it's wise to do the easy Qs first(you will be damn comfortable and overwrite most of the time I believe *I'm a perfectionist*) . When panic sets in, your thinking ability will be impaired already. When you can't think well, your answers might be crappy also.

Then again after sayin so much if you can't come out with your own method, the probability is you haven't practiced enough questions under exam condition (time constraint) & pls don't deny haha.

Well generally Q1 and/or Q2 for part3 papers have longer scenarios. Papers like P1,P3,P7 have rather SHORTER scenarios for Section B. Well not everyone can do away the thinking and keep writing unless you're an excellent student who can read the scenario & requirements once and then proceed writing. I'm just an average student here D: . But I managed to survive thus far. D:

This post has been edited by fastandfurious: Dec 16 2009, 12:24 PM

lol all the best to you .


I don't quite get what you mean lol. How can one write without first thinking? Ok let me rephrase my sentences. One will need longer time to understand longer scenarios and shorter time to understand shorter scenarios. Have you not attempted Section B questions in like i don't know, 20 minutes? 15minutes? Imagine spending 20-15mins on Q1 when you have overwritten for your Section B(just an example)

I feel you . lol

I heard that you can't get prizes for papers that you resit and get highest. True? D:

I agree with you. they're forcing us to buy the gtg crap from them wtf lol & the funniest thing is.. they don't touch a page from it at all. simply ask u to read the dumb topics only like ethics for p2 and human resource mgmt for p3 & human resource is something u will learn from P1 lol and it came out in my sitting i totally bullcrapped without having read a single thing on it. I prefer BPP the best. It helped me since CAT lol.

but no matter how good the textbooks are hmm... i don't remember reading them for P lvl lol. only use lecturer's notes except P6 use CKF's book.

Can. Either p1, p2 , p3 or all of them or any combination of two including F8 and F9. (but max 4 subj) haha. btw, i have a Q. Can I take more than 2 optional papers? Fail 1 still can graduate~ lol

It's usually for those resit students who have missed the earlier (1month+) classes. The lecturers will go through whatever they have taught (in a few hours session) so u won't get lost when you pay for the 2nd term fees and attend their classes D: . So those existing students have a choice of attending or not attending the bridging classes (if u feel lazy just sleep at home after all same things will be taught again) D:

Menon's class is always full one lo. There's this waiting list she always mentioned about for students who want to come in to her class but can't coz full already. I think priority will be given to existing Sunway students and people who register early though.

So... do the employers (big 4 or big 5) really look for the marks? Let's not talk about prize winners lol. They're priviledged people.

but degree got campus life "feel" . i started frm CAT & missing the normal uni/college life makes me feel jialat all the time lol~

This post has been edited by fastandfurious: Dec 24 2009, 05:54 AM

imho, one should always do P2 with P7 (if you're planning to do P7). It's easier to revise F7 than P2 on your own, right?