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

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nujikabane
post May 23 2009, 10:16 PM

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QUOTE(Topace111 @ May 23 2009, 10:09 PM)
I think the question will clearly state which tax rate to be used.
I don't think examiner will penalise student for that. I think if they silent on it you can just state your assumption clearly.

The best way to highlight is to use past year as reference. For June 08 exam they still take 07 rate as 27% instead of 08 rate of 26%.
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Indeed, I've forgotten about the details that will be given on the front pages, surely they would have written what tax rates to be used.
Thanks, I was quite confused just now that I've completely forgotten about it
francisbacon7
post May 24 2009, 12:52 AM

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QUOTE(happie @ May 20 2009, 11:40 PM)
The tips is for December 2008..
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Tis Kaplan tips is frm HongKOng?Is it applicable for M'sia paper?
carlosandy
post May 24 2009, 12:52 AM

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All the best to June 09 sitting student.

I heard from my friend said that Chow Kim Tai no longer teaching P5 in KL next sitting onward.

Ayoh, how come so bad? Look like a lot of quality lecturer stand by for leaving KL and go to other country teach ACCA.
moon yuen
post May 24 2009, 01:21 AM

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Hi , guys !!

Is Cash, Receivable, Payable subject to IMPAIRMENT loss ?
nujikabane
post May 24 2009, 08:51 AM

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QUOTE(carlosandy @ May 24 2009, 12:52 AM)
All the best to June 09 sitting student.

I heard from my friend said that Chow Kim Tai no longer teaching P5 in KL next sitting onward.

Ayoh, how come so bad? Look like a lot of quality lecturer stand by for leaving KL and go to other country teach ACCA.
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They dun sayang the students here lo, prefer to share knowledge to students in another country, and left the students here .
Ever heard of The Apprentice theme song, Money Money Money ?
moon yuen
post May 24 2009, 09:17 AM

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QUOTE(nujikabane @ May 24 2009, 08:51 AM)
They dun sayang the students here lo, prefer to share knowledge to students in another country, and left the students here .
Ever heard of The Apprentice theme song, Money Money Money ?
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Nothing wrong going for money !!

A job that pay u RM 800, another job that pay u RM 2K. Which one will u pick ?

Even the RM 800 job is ur passion , haha
Topace111
post May 24 2009, 06:25 PM

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QUOTE(moon yuen @ May 24 2009, 01:21 AM)
Hi , guys !!

Is Cash, Receivable, Payable subject to IMPAIRMENT loss ?
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Cash guarantee cannot unless Govt is bankrupt or country at war (but forex is not part of P2 that much)
Receivable can be "impaired" but we provide allowance of doubtful debts or bad debts for it.
No impairment of any kind for any kind of liabilities since its not our duty to measure our debts to other people.

So what is your take on self-studying for core papers ?


Added on May 24, 2009, 6:35 pm
QUOTE(carlosandy @ May 24 2009, 12:52 AM)
All the best to June 09 sitting student.

I heard from my friend said that Chow Kim Tai no longer teaching P5 in KL next sitting onward.

Ayoh, how come so bad? Look like a lot of quality lecturer stand by for leaving KL and go to other country teach ACCA.
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Daniel Ho will be my most likely bet of going soon. Just finished double period today & exam less than a week away.
If you check acca magazine there is even tuition provider for acca courses in carribean island.
Ex-FTMS lecturer does have some foreign exposure in their acca lectures.

I manage to study under his last & only F% batch in FTMS before leaving for Mco. He is quite decent but seeing how you constantly quote that haneef is boring I think you will find Chow will fall under the same category biggrin.gif

This post has been edited by Topace111: May 24 2009, 06:35 PM
karhoe
post May 24 2009, 11:06 PM

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Guys, got some problem here

My friend signed up for June sitting

Just now he checked his ACCA exam entry, he was shocked to see that "you have missed the entry deadline for june 2009 sitting...."

Then he went to account statement, and it showed a (180 pounds) balance, what does it mean? ACCA received the money but forgot to enroll him or he owed ACCA 180 pounds?

This post has been edited by karhoe: May 24 2009, 11:09 PM
carlosandy
post May 24 2009, 11:09 PM

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QUOTE(Topace111 @ May 24 2009, 06:25 PM)
Cash guarantee cannot unless Govt is bankrupt or country at war (but forex is not part of P2 that much)
Receivable can be "impaired" but we provide allowance of doubtful debts or bad debts for it.
No impairment of any kind for any kind of liabilities since its not our duty to measure our debts to other people.

So what is your take on self-studying for core papers ?


Added on May 24, 2009, 6:35 pm

Daniel Ho will be my most likely bet of going soon. Just finished double period today & exam less than a week away.
If you check acca magazine there is even tuition provider for acca courses in carribean island.
Ex-FTMS lecturer does have some foreign exposure in their acca lectures.

I manage to study under his last & only F% batch in FTMS before leaving for Mco. He is quite decent but seeing how you constantly quote that haneef is boring I think you will find Chow will fall under the same category  biggrin.gif
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Ha Ha, forgot to tell u that I'm study P5 revision class under Chow in Dec 08. I feel that some time Chow is boring, but not so sleepy if compare to Haneef. At least I have mood to concentrate in the class. Last time when I attend 2.5 under Haneef in SEGI, very sleepy every class under I ponteng a lot of classes.
carlosandy
post May 24 2009, 11:14 PM

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QUOTE(karhoe @ May 24 2009, 11:06 PM)
Guys, got some problem here

My friend signed up for June sitting

Just now he checked his ACCA exam entry, he was shocked to see that "you have missed the entry deadline for june 2009 sitting...."

Then he went to account statement, and it showed a (180 pounds) balance, what does it mean? ACCA received the money but forgot to enroll him or he owed ACCA 180 pounds?
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How's your friend sign up for exam? By credit card or buy DD and post it?

If your friend buy DD, then can check with bank to see any clearance of the cheque.

Ask your friend go to ACCA Malaysia, see can help or not.

This post has been edited by carlosandy: May 24 2009, 11:18 PM
karhoe
post May 24 2009, 11:22 PM

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QUOTE(carlosandy @ May 24 2009, 11:14 PM)
How's your friend sign up for exam? By credit card or buy DD and post it?

If your friend buy DD, then can check with bank to see any clearance of the cheque.

Ask your friend go to ACCA Malaysia, see can help or not.
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He paid via Sunway admin, bankdraft 180 pounds

His account statement, showed credit note = 180 pounds

So now it seems like acca received the money but never enrolled him


Added on May 24, 2009, 11:26 pm
QUOTE(nujikabane @ May 23 2009, 06:34 PM)
26% or 25% ? Read in Alan Yeo's book, it says 25% for YA2009 ?
So for this sitting, should we take 25% or 26% tax rate ?
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Well, based on budget 2009, that's the rate for YA 2009. Maybe his book is meant for ACCA students + general public.

This post has been edited by karhoe: May 24 2009, 11:26 PM
nujikabane
post May 24 2009, 11:55 PM

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QUOTE(karhoe @ May 24 2009, 11:22 PM)
He paid via Sunway admin, bankdraft 180 pounds

His account statement, showed credit note = 180 pounds

So now it seems like acca received the money but never enrolled him


Enquire with ACCA about it, the telephone number for Malaysia office is at 03-2713 5051


carlosandy
post May 25 2009, 12:03 AM

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QUOTE(karhoe @ May 24 2009, 11:22 PM)
He paid via Sunway admin, bankdraft 180 pounds

His account statement, showed credit note = 180 pounds

So now it seems like acca received the money but never enrolled him


Added on May 24, 2009, 11:26 pm

Well, based on budget 2009, that's the rate for YA 2009. Maybe his book is meant for ACCA students + general public.
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I think my be Sunway admin office make some mistake. No choice, he need to check with bank for the clearance of cheque and possible ask bank cancel the cheque. At the same time, also ask him check with ACCA Malaysia, see what they can do. But I think possible he will miss out June sitting.
winongcf
post May 25 2009, 12:36 AM

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QUOTE(karhoe @ May 24 2009, 11:22 PM)
He paid via Sunway admin, bankdraft 180 pounds

His account statement, showed credit note = 180 pounds

So now it seems like acca received the money but never enrolled him

if acca receive it i dont think sunway office make mistake,most of my friends and i send our bankdraft send via office and we have no problem at all...if sunway made a mistake i dont think acca will receive the bankdraft,and also they send the bankdraft in one batch,so if our bank draft reach on time,ur fren's ones should reach on time too...

but i think u should ask ur fren to look for ms margaret(as u know she is the one who handle all this) to ask about it..then maybe she can call acca malaysia or uk to check for ur fren

and also try to call up acca malaysia now to ask wat happen..good luck
waffles
post May 25 2009, 12:42 AM

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QUOTE(nujikabane @ May 23 2009, 03:08 PM)
Hm I'm a bit confused, the income tax chargeable for YA2009 is 25% rite?
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yes 25% smile.gif
karhoe
post May 25 2009, 12:43 AM

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QUOTE(carlosandy @ May 25 2009, 12:03 AM)
I think my be Sunway admin office make some mistake. No choice, he need to check with bank for the clearance of cheque and possible ask bank cancel the cheque. At the same time, also ask him check with ACCA Malaysia, see what they can do. But I think possible he will miss out June sitting.
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ACCA already received the money and credited into his account via a credit note, so I think its ACCA staff who forgot to enroll him. Well, hopefully ACCA can do something about it, after all, if they bend around the rules for their own mistake, it can be done. Just need another table, another booklet and another question.


Added on May 25, 2009, 12:44 am
QUOTE(winongcf @ May 25 2009, 12:36 AM)
if acca receive it  i dont think sunway office make mistake,most of my friends and i  send our bankdraft send via office and we have no problem at all...if sunway made a mistake i dont think acca will receive the bankdraft,and also they send the bankdraft in one batch,so if our bank draft reach on time,ur fren's ones should reach on time too...

but i think u should ask ur fren to look for ms margaret(as u know she is the one who handle all this) to ask about it..then maybe she can call acca malaysia or uk to check for ur fren

and also try to call up acca malaysia now to ask wat happen..good luck
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Ms Margaret is not handling ACCA exam already, there's a new staff assigned to it.

This post has been edited by karhoe: May 25 2009, 12:44 AM
nujikabane
post May 25 2009, 01:39 AM

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QUOTE(karhoe @ May 25 2009, 12:43 AM)
ACCA already received the money and credited into his account via a credit note, so I think its ACCA staff who forgot to enroll him. Well, hopefully ACCA can do something about it, after all, if they bend around the rules for their own mistake, it can be done. Just need another table, another booklet and another question.


Added on May 25, 2009, 12:44 am

Ms Margaret is not handling ACCA exam already, there's a new staff assigned to it.
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Where is Ms Margeret, she left Sunway already? Kew her because she always comes to classes and ask those who haven't pay to leave the class, lol
karhoe
post May 25 2009, 08:49 AM

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QUOTE(nujikabane @ May 25 2009, 01:39 AM)
Where is Ms Margeret, she left Sunway already? Kew her because she always comes to classes and ask those who haven't pay to leave the class, lol
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She's given another task to handle
@meno
post May 25 2009, 01:12 PM

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QUOTE(nujikabane @ May 23 2009, 06:34 PM)
26% or 25% ? Read in Alan Yeo's book, it says 25% for YA2009 ?
So for this sitting, should we take 25% or 26% tax rate ?
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For this sitting, it's 26% because it will be YA2008 Tax that we'll be computing.

YA2009 will only start in Dec 2009 sitting. The June 2010 sitting will be on YA2009 as well. Then YA2010 on December 2010 sitting.
This is how it works.

June 2008-YA2007
Dec 2008 -YA2008
June 2009- YA2008
Dec 2009-YA2009
June 2010-YA2009
Dec 2010-YA2010
June 2011-YA2010

I hope this helps those who are in doubt understand better.

This post has been edited by @meno: May 25 2009, 01:18 PM
meisze85
post May 25 2009, 09:29 PM

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QUOTE(luvteddy @ Apr 4 2009, 09:44 PM)
posted this in V4:
"anyone going KSA revision class for F8?? which lecturer shud i choose >.<  "
please help !
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mr low chin ann is good lec

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