Hahahaha, looks like everyone's busy studying already. Start early, 1 1/2 months more to go

start now = quite late jor

Don't say like that la. Some student last minutes also can pass, but need to take risk lo.

Now already coming to May, if any body only start study now, then take risk.

I din say start now will fail also. But some ppl do last minute work very powerful one can squeeze everything. Going to sleep. Night

Well last minute study can only help you if they asked the same question that you continuously mock & drilled. If they change the trend like they always did with new sitting it depends on how well you absorb the question.

One of the thing that i learned in optional paer is that you definitely have to assume of everything. A question can lead to 10 different answer in that order

Actually is depend on difference person. I agree last minute study will miss out a lot of thing, but some time no choice expecially part time student not much time to study daily.

For me, studnet have to take risk in last minute study, cos if last minute still study whole syllabus, then u won't be finish. Even if can study whole syllabus within this short period, but also very blur during exam. So it is better to take risk to skip some topic if last minute study.

hey guys guess what, i just realised RM450 for Mr Hannef class is actually a early bird price, if register after apr then is RM 495. WOw!!!! kill me please..

What a big big world.

U mean his revision class ...

Wow , so expensive !!

Which is why i said there is no perfect centre in this world.
Everytime they give me the survey paper I always grilled Mco of their premium pricing issue.
Aside from the lecturer everything else is 2nd class (class room, toilet, facilities, lift........)

Wah, RN495, so expensive lo. Lucky I already pass P2 under Keith Farmer, Ha Ha.

lol.. ya.. is so expensive right, better make sure i can pass this time...

btw, keith not teaching anymore?

He only withdraw teaching this sitting due to his family problem. I still see his name under KSA lecturer list currently. I think he will be back next sitting la.

I had a P4 question here :
based on reconstruction & reorganisation chapter :

Extract from the case :
A company dealing with a very specific industry. Its plant & equipment is also tailored made for that particular industry.
A reconstruction is being proposed & company will remain going concern after that. But if not undertaken liquidation is imminent.
Book value of P & M = $ 15000
NRV value of P & M if company went into liquidation = $ 2000

So for liquidation purpose its easy to assume to use NRV value of $2000.
But problem came when comes under reconstruction when the value of P & M becomes ambiguous & needs assumption.
My class yesterday split on this issue but 3 common assumption is :

1) use value of $2000 to expect worst case scenario (but too low)
2) Use value of $15000 since company is going concern after that (but too high)
3) weighted average of the 2 (even that got several assumption of how to divide but eventually the lecturer settle on that one).

I go against the lecturer's view & chose $15000 instead since asset is tailored-made & nrv is meant for liquidation. Weighted average seems to go against accounting standards as well.

Any opinion on this ?

wow, terrible, i registered quite long time ago, dat time was rm400, summore got seat number

My opinion :

Neither.
I would value the P&M at the present value of future cashflows, which is likely to be higher or at least equal to NRV.
Whether it's tailor made or not, in my opinion is irrelevant. From a purely financial perspective, the value of the P&M is what returns it generates, either through scrap at $2000, or present value from continuing use as a result of going concern.

current issue - securitized asset( not sure if i spell it correctly) / toxic asset / global crisis /economic recession
google search all this and read up.

I also thought of using present value but cost of capital is not given & there are a lot of other assumptions that needs to be clarified from entire balance sheet. I thought of using NRV but company will probably remain going concern after that & taking scrap value seems a bit of writing down the asset value by a tremenduous amt. But if assume the worst case scenario then NRV seems a good indicator of generating the minimum return.

The answer sheet was silent on this issue as it totally exclude reconstruction part in its draft since answer stretch for 4 pages from other areas as well. The argument of the vast difference in book value & NRV could be explained bcos of the lack of demand for the asset if company went into liquidation.

Well if PV amt cannot be determined I assume the value given in B/S would be the closest value since the amt was also derived from PV calculation if impairment of asset is being reviewed or tested (again its assumption).

thanks

if i got ACCA for lecture, how i know where was them?
So, where should i go?
i also just finish my LCCI with 5 paper.
now i stay at PJ at my gf house.
may i know that, i should go for part time?
or full time?