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

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littlediana
post Jun 6 2009, 11:21 PM

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QUOTE(Topace111 @ Jun 6 2009, 04:04 PM)
Explain on 4 key areas :
1) HR Planning
- Recruitment & selection (interview process)
- Succession planning (on key staff)

2) HR Development
- Training (skills)
- Education (seminar)
- Development (improvement)

3) Performance appraisal (key criteria, feedback)

4) Rewards & Compensation
- intrinsic
- extrinsic
*
thanks thanks hehe last sitting i failed sweat.gif thanks for answering me previously too...

are u doing p3 this time?

HR need to know so many of those stuffs???

time is so limited... now i just started to do some questions...

This post has been edited by littlediana: Jun 6 2009, 11:22 PM
help me please
post Jun 6 2009, 11:35 PM

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in timetable p2 keith farmer to be confirmed. when can confirm? btw resit p2. want to try mr farmer this time. any opinion?
papero85
post Jun 6 2009, 11:43 PM

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help pls when register P1 did you ask to choose which version international or malaysia version?as i know only P2 and tax paper we need to choose which version we want.correct me if i'm wrong.
`twinkles
post Jun 7 2009, 10:17 AM

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1. Do you think I should take all four papers of F6-F9 at once, or I should take three papers first and then continue taking my F9 with P1 and P2? Is this possible? I heard that taking four papers at once is tough, but I really want to clear all F papers this year before taking P papers. Any advice?

2. If I have one paper left for F paper, can I still proceed to take P papers? Because I heard that the exam for the same subject for different papers(for example Tax for both F and P paper) will be held on the same day. So we cannot take Tax for F paper and Tax for P paper at once right? How about taking F9, P1 and P2 together?

[cheehwa]
post Jun 7 2009, 11:33 AM

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QUOTE(papero85 @ Jun 6 2009, 11:43 PM)
help pls when register P1 did you ask to choose which version international or malaysia version?as i know only P2 and tax paper we need to choose which version we want.correct me if i'm wrong.
*
p1 doesn't have a variance.

when there are variance of tax,law and accounting std of the country.(f4,f6,f7,f8,p2 etc)


Added on June 7, 2009, 11:43 am
QUOTE(`twinkles @ Jun 7 2009, 10:17 AM)
1. Do you think I should take all four papers of F6-F9 at once, or I should take three papers first and then continue taking my F9 with P1 and P2? Is this possible? I heard that taking four papers at once is tough, but I really want to clear all F papers this year before taking P papers. Any advice?

2. If I have one paper left for F paper, can I still proceed to take P papers? Because I heard that the exam for the same subject for different papers(for example Tax for both F and P paper) will be held on the same day. So we cannot take Tax for F paper and Tax for P paper at once right? How about taking F9, P1 and P2 together?
*
1. If you think you're have the capability to cope with 4 subs in one sitting then is advisable as you can complete your ACCA faster.
besides,you choose to take 3 papers,i advise you to take f6,7,9 together because f8 and p1 have cross topics.

2.yes,the ACCA stated there,you can left 3 F papers and take 1 P paper(each sitting can take 4 paper max).If you doesn't pass your F paper(as lvl2 paper) you can't sit for P paper(as lvl3 paper).
yes,can too,u can taking f9,p1,p2 together as provided you have passed your f7(reason above).

This post has been edited by [cheehwa]: Jun 7 2009, 11:45 AM
waffles
post Jun 7 2009, 01:29 PM

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Topace111
post Jun 7 2009, 01:37 PM

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QUOTE(littlediana @ Jun 6 2009, 11:21 PM)
thanks thanks hehe last sitting i failed sweat.gif thanks for answering me previously too...

are u doing p3 this time?

HR need to know so many of those stuffs???

time is so limited... now i just started to do some questions...
*
Passed my P3 already.
I dont think HR is important but need to know the general stuff lo.
All the things I mentioned is general answer, just mentioned those key words & elaborate should be enough.


Added on June 7, 2009, 1:59 pm
QUOTE(`twinkles @ Jun 7 2009, 10:17 AM)
1. Do you think I should take all four papers of F6-F9 at once, or I should take three papers first and then continue taking my F9 with P1 and P2? Is this possible? I heard that taking four papers at once is tough, but I really want to clear all F papers this year before taking P papers. Any advice?

2. If I have one paper left for F paper, can I still proceed to take P papers? Because I heard that the exam for the same subject for different papers(for example Tax for both F and P paper) will be held on the same day. So we cannot take Tax for F paper and Tax for P paper at once right? How about taking F9, P1 and P2 together?
*
You can attempt any core paper even you have not cleared any F papers yet but optional papers is out of the question unless you have completed all core papers or taking with core papers. 2nd factor is timing of exam, if clash can only take one of the papers.

Taking F6 to F9 will be very heavy since all of it is computational & audit is a very tricky paper no matter how clever you are. I knew someone who have cleared P7 but stuck at F8 & some who have cleared all core professional papers but stuck with audit. Audit requires good written skill which is more relevant in P rather than F papers.
Another thing worth mentioned is that F7 is very important since you will be taking P2 & this core paper assumes student with a strong foundation in F7 so if you screw up F7 then P2 will be nightmare.

The only thing that 4 papers taker face is the high possibility of failure of any papers. If you can handle the emotional barrier it should be fine.
Special note : Optional paper is really difficult & its almost 3 times difficulty compared to its F papers precedence with exception of P5.

Now this is more practical reason for employment later on :
I have approached several students (& staff) of several large firms like Big4, MNC & IB.....etc. Employers will tolerate students if they finish ACCA within 3 - 3.5 years. Although finishing faster can be an added bonus. However there are things that which is priced more by employers which are :
1) Marks : If you want to enter let say treasury / finance line : you should have high finance marks to support your argument / resume.
2) Consistency : Although 1 or 2 failures is tolerable but consistency / straight passer will be more highly regarded.

Taking 4 papers will really affect the points above. Even if passed all marks will generally be lower since most of the efforts are already diluted.
I known few those who have taken 4 papers & passed all but their marks is roughly within range of 50 to 55. Although there are some rare exceptions that can break those barrier.


This post has been edited by Topace111: Jun 7 2009, 01:59 PM
hurly
post Jun 7 2009, 06:42 PM

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I'm just asking, a stupid question. I am currently very interested in ACCA and what does it takes to perform well in ACCA?

I have asked around, it's a tough exam. Tough and hard is relative. Some people find it tough and some pass it well. Does hardwork rewards well in ACCA?

What should I be prepared for?

Thanks for the thread. Really nice infos here and there.
squallyeo
post Jun 7 2009, 08:01 PM

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QUOTE(squallyeo @ Jun 6 2009, 11:09 PM)
pls!!!!!!!
need urgent help!!!!!!!


will ifrs 3 (article in SA august 08 - new method of calculating goodwill) come out in F7 mys variant?

if yes then big trouble for me......

pls confirm if anyone know tis. thx
*
anyone?
`twinkles
post Jun 7 2009, 09:47 PM

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QUOTE(cheehwa @ Jun 7 2009, 11:33 AM)

1. If you think you're have the capability to cope with 4 subs in one sitting then is advisable as you can complete your ACCA faster.
besides,you choose to take 3 papers,i advise you to take f6,7,9 together because f8 and p1 have cross topics.
*
I am always quite an okay student, but I am not sure whether I have the capability since this is my first time taking ACCA papers.

QUOTE(cheehwa @ Jun 7 2009, 11:33 AM)
2.yes,the ACCA stated there,you can left 3 F papers and take 1 P paper(each sitting can take 4 paper max).If you doesn't pass your F paper(as lvl2 paper) you can't sit for P paper(as lvl3 paper).
yes,can too,u can taking f9,p1,p2 together as provided you have passed your f7(reason above).
*
I don't understand this. What do you mean by I can take F and P papers together but in the second second, you mention that I cannot sit for P papers if I didn't pass my F papers?


QUOTE(Topace111 @ Jun 7 2009, 01:37 PM)

You can attempt any core paper even you have not cleared any F papers yet but optional papers is out of the question unless you have completed all core papers or taking with core papers. 2nd factor is timing of exam, if clash can only take one of the papers.

Taking F6 to F9 will be very heavy since all of it is computational & audit is a very tricky paper no matter how clever you are. I knew someone who have cleared P7 but stuck at F8 & some who have cleared all core professional papers but stuck with audit. Audit requires good written skill which is more relevant in P rather than F papers.
Another thing worth mentioned is that F7 is very important since you will be taking P2 & this core paper assumes student with a strong foundation in F7 so if you screw up F7 then P2 will be nightmare.

The only thing that 4 papers taker face is the high possibility of failure of any papers. If you can handle the emotional barrier it should be fine.
Special note : Optional paper is really difficult & its almost 3 times difficulty compared to its F papers precedence with exception of P5.

Now this is more practical reason for employment later on :
I have approached several students (& staff) of several large firms like Big4, MNC & IB.....etc. Employers will tolerate students if they finish ACCA within 3 - 3.5 years. Although finishing faster can be an added bonus. However there are things that which is priced more by employers which are :
1) Marks : If you want to enter let say treasury / finance line : you should have high finance marks to support your argument / resume.
2) Consistency : Although 1 or 2 failures is tolerable but consistency / straight passer will be more highly regarded.

Taking 4 papers will really affect the points above. Even if passed all marks will generally be lower since most of the efforts are already diluted.
I known few those who have taken 4 papers & passed all but their marks is roughly within range of 50 to 55. Although there are some rare exceptions that can break those barrier.
*
As mentioned above, I am not sure I am the one who can handle the emotional barrier because this is the first time of me taking ACCA papers. However, I do agree that it is better to focus on less papers and get higher marks rather than fail few papers by taking four papers at once. I really hope to finish my ACCA faster because I want to go work faster and help lessen my family' financial burden. But I may not be able to cope with so many papers at once. How many papers do you think I should take at once?
carlosandy
post Jun 7 2009, 09:55 PM

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QUOTE(help me please @ Jun 6 2009, 11:35 PM)
in timetable p2 keith farmer to be confirmed. when can confirm? btw resit p2. want to try mr farmer this time. any opinion?
*
I think the main reason was Keith Farmer haven't confirm will teach or not until last week. Last week, I go back to KSA kpc regarding Keith Farmer news, they told me Keith Farmer still in UK and haven't confirm whether will back to teach P2 or not.

So may be they want to come out time table fast and to prevent case like "Vikness teaching in KSA and Kolej Bandar" happen again, so just put "To be confirmed" lo! You need to check with KSA admin later for confirmation la!

Hope Keith Farmer will back to teach this sitting, cos from as I know currently for P2, Keith Farmer is only the lecturer in KL can cover balance in both consol and FRS.

From my experience in Keith Farmer P2 class, he got pro and con in teaching P2. He got his own method for Consol, his FRS notes very detail and good for understanding. In the class, he will teach FRS into very detail. As long as you can tahan his BRITISH SLANG, I can said he is good in P2. Ha Ha, bcos of his BRITISH SLANG, some time I don't know what he talking in the class. rclxms.gif rclxms.gif rclxms.gif

The main disadvantage for Keith Farmer was he teaching very slow. I still remember last time in his P2 normal class, he can't finish the syllabus on time even after he give 2 extra class during end of the class. So part of the FRS, he only can cover in the revision class.

This post has been edited by carlosandy: Jun 7 2009, 10:00 PM
Topace111
post Jun 7 2009, 10:01 PM

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QUOTE(hurly @ Jun 7 2009, 06:42 PM)
I'm just asking, a stupid question. I am currently very interested in ACCA and what does it takes to perform well in ACCA?

I have asked around, it's a tough exam. Tough and hard is relative. Some people find it tough and some pass it well. Does hardwork rewards well in ACCA?

What should I be prepared for?

Thanks for the thread. Really nice infos here and there.
*
Every paper needs different approach :
Hardwork is a must if you want to perform well in ACCA but yes it doesnt guarantee success either.
For lower level like CAT you can score if you constantly practice questions which is still available with ease. Thats why you see many CAT students get overconfident in ACCA later on. All my CAT papers are easily over 80.

For fundamental level of ACCA or part 2 (6 papers), it will be now 50% practice & 50% practical. Examiners are still bind by the rules & guidelines for not setting the paper at maximum difficulty since there are professional papers for that. Plus with degree offering similar exemption its not that vital for ACCA to apply their filter system yet. There are some papers that requires practical knowledge like PM & Audit.

After that is the professional level,whcih consist of 3 core & 2 optional.
For core since its compulsory examiner will only test severely on P2. The 2 supplement papers are more non-accounting like business & ethics.
The 2 optional requires student to specialise on field like costing, audit, tax or finance.
Part 3 / professional level is the TRUE ACCA which examiner has the "full license" to test whatever they felt is necessary.

If you mean hardwork is something like "brute force" technique which is used widely by students in exams like SPM, such technic is can be used in CAT, partly in part 2 & almost useless in part 3.

FYI :
If you read STAR paper today, degree can be obtained partly if you paid some huge sums to the college which makes them reluctant to fail you. The there is additional mark for attendance, project, .....etc. In ACCA its 100% written exam based which will be marked by professional markers in UK which exceptiojn of tax & law. Your marks will be entirely dependent on performance in exam day.

carlosandy
post Jun 7 2009, 10:04 PM

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QUOTE(Topace111 @ Jun 7 2009, 10:01 PM)
Every paper needs different approach :
Hardwork is a must if you want to perform well in ACCA but yes it doesnt guarantee success either.
For lower level like CAT you can score if you constantly practice questions which is still available with ease. Thats why you see many CAT students get overconfident in ACCA later on. All my CAT papers are easily over 80.

For fundamental level of ACCA or part 2 (6 papers), it will be now 50% practice & 50% practical. Examiners are still bind by the rules & guidelines for not setting the paper at maximum difficulty since there are professional papers for that. Plus with degree offering similar exemption its not that vital for ACCA to apply their filter system yet. There are some papers that requires practical knowledge like PM & Audit.

After that is the professional level,whcih consist of 3 core & 2 optional.
For core since its compulsory examiner will only test severely on P2. The 2 supplement papers are more non-accounting like business & ethics.
The 2 optional requires student to specialise on field like costing, audit, tax or finance.
Part 3 / professional level is the TRUE ACCA which examiner has the "full license" to test whatever they felt is necessary.

If you mean hardwork is something like "brute force" technique which is used widely by students in exams like SPM, such technic is can be used in CAT, partly in part 2 & almost useless in part 3.

FYI :
If you read STAR paper today, degree can be obtained partly if you paid some huge sums to the college which makes them reluctant to fail you. The there is additional mark for attendance, project, .....etc. In ACCA its 100% written exam based which will be marked by professional markers in UK which exceptiojn of tax & law. Your marks will be entirely dependent on performance in exam day.
*
Wah, very good advice. So do you have planning will become Part Time ACCA course consultant later? Ha Ha thumbup.gif thumbup.gif
Topace111
post Jun 7 2009, 10:12 PM

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QUOTE(carlosandy @ Jun 7 2009, 10:04 PM)
Wah, very good advice. So do you have planning will become Part Time ACCA course consultant later? Ha Ha thumbup.gif  thumbup.gif
*
Nah I have 2 month free period waititng for exam result.
So I will need to spend this period building my writing skills & some MS office application b4 finding work. After some dread feedback by > 90% from my friends, best to be prudent for now. wink.gif
Is there such thing as ACCA consultant ? tongue.gif
karhoe
post Jun 7 2009, 10:43 PM

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QUOTE(Topace111 @ Jun 7 2009, 10:01 PM)
Every paper needs different approach :
Hardwork is a must if you want to perform well in ACCA but yes it doesnt guarantee success either.
For lower level like CAT you can score if you constantly practice questions which is still available with ease. Thats why you see many CAT students get overconfident in ACCA later on. All my CAT papers are easily over 80.

For fundamental level of ACCA or part 2 (6 papers), it will be now 50% practice & 50% practical. Examiners are still bind by the rules & guidelines for not setting the paper at maximum difficulty since there are professional papers for that. Plus with degree offering similar exemption its not that vital for ACCA to apply their filter system yet. There are some papers that requires practical knowledge like PM & Audit.

After that is the professional level,whcih consist of 3 core & 2 optional.
For core since its compulsory examiner will only test severely on P2. The 2 supplement papers are more non-accounting like business & ethics.
The 2 optional requires student to specialise on field like costing, audit, tax or finance.
Part 3 / professional level is the TRUE ACCA which examiner has the "full license" to test whatever they felt is necessary.

If you mean hardwork is something like "brute force" technique which is used widely by students in exams like SPM, such technic is can be used in CAT, partly in part 2 & almost useless in part 3.

FYI :
If you read STAR paper today, degree can be obtained partly if you paid some huge sums to the college which makes them reluctant to fail you. The there is additional mark for attendance, project, .....etc. In ACCA its 100% written exam based which will be marked by professional markers in UK which exceptiojn of tax & law. Your marks will be entirely dependent on performance in exam day.
*
Nice comment, but the irony is the 'advantage' that ACCA is purely exam based has somehow been lamented as a disadvantage by some quarters, because ACCA is so exam based, student just learn to 'pass' the paper, no research, no presentation, etc.
Topace111
post Jun 8 2009, 12:37 AM

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QUOTE(karhoe @ Jun 7 2009, 10:43 PM)
Nice comment, but the irony is the 'advantage' that ACCA is purely exam based has somehow been lamented as a disadvantage by some quarters, because ACCA is so exam based, student just learn to 'pass' the paper, no research, no presentation, etc.
*
Thats one of tolerable weakness of acca compared to degree. Fairness & transparency outweighs the indirect part of learning. However most organisations like Big4 does teach such things to fresh graduates. I constantly drilled my self to type at least 500 words everyday (maybe 2 tongue.gif )
However oral presentation is part where they key issue lies. It seems many graduates that failed to enter reputable organizations is bcos they are not fluent in english both orally & in writing.

The learning to pass that you mentioned is a very good point but I notice that trend stops at part 3 :
P1 : Its like a moral paper in SPM, cant learn bcos can come out as anything & any answer is accepted. The difference is that in P1 the answer should be as honest as possible. If they ask if a boss ask you to provide false report or get fired & if you answer the latter examiner will also mark you correct if you can provide reasonable arguments.

P2 : Can learn a bit but the examiner is regarded as the most revered one.

P3 : Like P1 you can bluff all the way through. I noticed general knowledge is more important.

For optional I noticed a lot of lecturers stop teaching for next sitting due to major difference of examinable content & actual exam. Like my P4 they twisted every question. Some papers like audit has no lecturer at all bcos there is nothing to teach. For tax the area is so wide even lecturer have to spot & examiner must release an article to signify that it will be tested. PM is also getting harder according to some of my friends.

I have unconfirmed rumour that Daniel Ho will no longer be teaching at FTMS next sitting.
carlosandy
post Jun 8 2009, 01:41 AM

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QUOTE(Topace111 @ Jun 8 2009, 12:37 AM)
Thats one of tolerable weakness of acca compared to degree. Fairness & transparency outweighs the indirect part of learning. However most organisations like Big4 does teach such things to fresh graduates. I constantly drilled my self to type at least 500 words everyday (maybe 2  tongue.gif )
However oral presentation is part where they key issue lies. It seems many graduates that failed to enter reputable organizations is bcos they are not fluent in english both orally & in writing.

The learning to pass that you mentioned is a very good point but I notice that trend stops at part 3 :
P1 : Its like a moral paper in SPM, cant learn bcos can come out as anything & any answer is accepted. The difference is that in P1 the answer should be as honest as possible. If they ask if a boss ask you to provide false report or get fired & if you answer the latter examiner will also mark you correct if you can provide reasonable arguments.

P2 : Can learn a bit but the examiner is regarded as the most revered one.

P3 : Like P1 you can bluff all the way through. I noticed general knowledge is more important.

For optional I noticed a lot of lecturers stop teaching for next sitting due to major difference of examinable content & actual exam. Like my P4 they twisted every question. Some papers like audit has no lecturer at all bcos there is nothing to teach. For tax the area is so wide even lecturer have to spot & examiner must release an article to signify that it will be tested. PM is also getting harder according to some of my friends.

I have unconfirmed rumour that Daniel Ho will no longer be teaching at FTMS next sitting.
*
As I know the main reason Philip Woo didn't teach P7 was he really don't know what the examiner want and this paper not easy to teach. Last time 3.1, the question was standard, it is very easy for them to teach as compare to current P7. Some more P7 is after P2 Corporate, where different from last time 3.1 is before 3.6, so the examiner will assume student have very strong FRS during attend P7. That's what Philip Woo told us during I attend his 2.6 revision class.

For P6, not just now a day la. Even last time also very wide and hard to spot. I still remember Choong Kwai Fatt wrongly spot RPGT in 2 sitting, finally kena scold by student. cry.gif cry.gif

This post has been edited by carlosandy: Jun 8 2009, 01:47 AM
hurly
post Jun 8 2009, 10:58 AM

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QUOTE(Topace111 @ Jun 7 2009, 10:01 PM)
Every paper needs different approach :
Hardwork is a must if you want to perform well in ACCA but yes it doesnt guarantee success either.
For lower level like CAT you can score if you constantly practice questions which is still available with ease. Thats why you see many CAT students get overconfident in ACCA later on. All my CAT papers are easily over 80.

For fundamental level of ACCA or part 2 (6 papers), it will be now 50% practice & 50% practical. Examiners are still bind by the rules & guidelines for not setting the paper at maximum difficulty since there are professional papers for that. Plus with degree offering similar exemption its not that vital for ACCA to apply their filter system yet. There are some papers that requires practical knowledge like PM & Audit.

After that is the professional level,whcih consist of 3 core & 2 optional.
For core since its compulsory examiner will only test severely on P2. The 2 supplement papers are more non-accounting like business & ethics.
The 2 optional requires student to specialise on field like costing, audit, tax or finance.
Part 3 / professional level is the TRUE ACCA which examiner has the "full license" to test whatever they felt is necessary.

If you mean hardwork is something like "brute force" technique which is used widely by students in exams like SPM, such technic is can be used in CAT, partly in part 2 & almost useless in part 3.

FYI :
If you read STAR paper today, degree can be obtained partly if you paid some huge sums to the college which makes them reluctant to fail you. The there is additional mark for attendance, project, .....etc. In ACCA its 100% written exam based which will be marked by professional markers in UK which exceptiojn of tax & law. Your marks will be entirely dependent on performance in exam day.
*
Thanks for the comment. It really helps. At least I know what I am getting myself into.
~Mew~
post Jun 8 2009, 01:06 PM

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F5 in 2 hours time. Good luck to all.
Soulgirlx
post Jun 8 2009, 04:02 PM

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Hi.
In coming July I'm going to start CAT at Sunway. According to what Topace111 said, I think I can score in CAT but I'm kinda worry about ACCA. I don't think I have that high intelligence, sometimes depend on my hardwork. I wonder if I can pass ACCA.... any advice?


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