i don't know much about P1, as this is my first attempt.. different people tell me different stories.. that's why i want feedback from as many people as possible.. thanks for the reply anyway

if there's anyone else who would like to add, pls do ya.. i cant comprehend why some people who study hard for P1 can fail but some who only studied a little bit can pass first attempt.. is it really based on logic thinking, that only little knowledge is needed, and the rest is common sense?

some people say that Parmindar cover quite a lot during his revisions, so that would suffice.. i don't know, can anyone comment on this? has anyone only attended his revisions and passed?

This post has been edited by jayniel: Jul 29 2009, 12:09 AM

P1 is all about ethics & corporate governance.
ACCA never had such syllabus in the past but other professional qualifications like CIMA did have it. So acca "copy" & bring it to ACCA as P1.
They did that with F5 & P5. Previously performance management & finance is combined but now separated in both F & P level.

Parmindar RI class : is like a summary of his entire normal class (no practical examples & more key points driven)
RE class : He will focus more on exam questions analysis (trends, format, style......)

P1 is also like a psycological paper in which there is no one correct answer. If you can bluff & reason appropriately marker will also give you marks.
Example : A very simplified version.
Director ask you to do creative accounting (Ie : increase profit by 300%) & will get a BMW car as reward. If not he will fire you & ask another one to do it. Question, how will you proceed & elaborate.
1) Said No but Do it anyway (forced to do so)
2) Said No & resign
3) Said Yes but never do it (whistle blowing)
4) Said Yes & do it (get a BMW car)
If you can explain like a lawyer at court, marker will even give you full marks even if you condone creative accounting (marker expect you to be in real life condition). By the way creative accounting is unethical not illegal. This distinction is very important in exam.

Another more simplified version :
Is killing right ?
No : Every religion prohibits it (except crusade & jihad), no right to take it (court's motto),.....
Yes : Kill one to save thousands is acceptable (Sun Tzu), kill or be killed (nature's order),......

This is just to give you a rough picture & dont expect it will be that easy. Question 1 normally span few pages.

Hope this can clear your confusion.

if fail obu do we need to re do the whole assignment or just correct the mistake highlight by the marker?

Lemongirl,

To my knowledge, you basically change the highlighted specific areas that failed you. example, wrong referencing. But if your entire analysis is weak, then its a whole revamped on report.

If you need a new mentor:

You can try Sunway as its basically mentors guarantee you pass. or else, when you re-submit, you don't need pay extra fees. BUt if the mentor is not satisfied with your work, he/she may refuse to sign the form, thus unable for student to submit.

Also try INTI Subang which I believe its the same 'guarantee' policy except that their fees are more attractive.

This means mentor will try to make sure you pass 1st time or else you can go back and hassle them-ler. a no-win situation for both ler

This post has been edited by MegRyan: Jul 29 2009, 11:45 AM

For me, spend RM4K++ for OBU mentor is waste money. As Kwai Fatt told us b4, actually OBU is not much add value, so no need to spend too much money and time for it. So it is better if we do OBU by zero cost method.

This post has been edited by carlosandy: Jul 29 2009, 01:29 PM

my comment is do OBU when you cannot finish the final part . keep the money . some more OBU (by virtue of acca) not recognise by Govt of malaysia so why want to buy something not recognise . keep it and be a man finishing ACCA . i have not done OBU . If i fail and cannot finish ACCA than only i will start OBU but not paying 4K . choose a cheaper option instead .

didnt know that you have to pay so high to enter OBU degree. many of the students here are correct in the saying that it is not worth to pay 4k for a simple RAP report and mentoring. The 4k RM would be put to better use by for example enrolling for another bachelor degree like finance which further add value to your professional qualification

ok, i think i get it.. so it seems that P1 is not about test of knowledge, but rather thinking skill?
guess this paper would be 'study smart, not study hard' kinda paper..
thanks.. it does clarify my doubts

Its true that with ACCA is good on job market. But now very competitive to find scarce jobs.

You might need to see in other angles:
1. if you have both OBU and ACCA, gives you leverage to apply for job over those with only ACCA.
2. my friend, who part time study and with obu, she got a job with above 2k pay. employers recognise it.
3. Fees 4k is an investment. part qualified ACCA salary is 1.5k but with OBU its premium of 500 per month. you get back your money within a year.
4. where to find a degree (UK some more) with less than 5k. 3+0 is going for 50k-60k.
5. On zero cost method, high risk for low $$ investment. Its like trying to self study which we know chances of passing is lower than attending classes. Worse is you get a Grade C for your research. with classes and lecturers support, it explains why KSA,INTI, Sunway, all survived due to class mode.

Another qualification is always an advantage.

drawback:
but its very heavy for many of us to do OBU since we have been attending many classes. other problems like lecturers late, cancel classes all of this takes up time.

[SIZE=1][SIZE=1][SIZE=1]Once student got ACCA already, no employer will interest their OBU. Now a day, a lot of full time student (including Sunway) can pass all 14 papers within 3.5 to 4 years. Study ACCA, the most important thing is to pass all 14 papers and not the RM4K++ OBU.

I still remember Chan Tze Kang told me "If you think OBU can give u high paid, then have said SORRY to student, but OBU can give ACCA student got chance for learning how to apply the some knowledge in actual practice"

Those keep on fail and repeat paper, normally is part time student. Ya, if they got OBU, then paid possible will be higher, but part time student where got so much time to do OBU?

Some more OBU is lower than ACCA and Accounting Degree, so I don't see any advantage for OBU once student already got ACCA. If really want another qualification, then better consider MBA or CFA after grad ACCA.

In conclusion, OBU just additional but not another qualification. If want to do it, better go for Zero Cost Method.

This post has been edited by carlosandy: Jul 30 2009, 01:45 PM

I dont think anyone need to fork out RM 4000 for OBU, andrew pang charge < Rm 1k & Parmindar around RM 2k.
The benefits wise is indeed subjective to certain people. It may look good on anyone's resume but when go for interview, it can easily be debunked by employers. This programme is is quite similar with the degree of TARC students. They only need few months to switch their adv diploma to degree in england but at higher cost of course (Rm 30k to 40k).

Anyway employers do not really care about anyone's qualification as long as they are fesh graduate without any significant work experience. Do you expect ACCA holders may get a higher post than a degree's one, the answer is NO. Everyone will get the same treatment since none of them has any work experience b4.

No one will judge of what you have but what you can & will do. My advice is finish all the papers first before thinking about others. What is the point of dreaming so far ahead when you have not even completed the present.

Need to tell you, Malaysia Govt not recognise ACCA also. So you can't work in Govt Dept even you are ACCA graduate.

Btw, in Malaysia, the most important is MIA recognise ACCA, but not Govt of Malaysia.

Lol, OBU is certainly an advantage for those who wants to enter the Big4 earlier. Also, I know a few friends who are struggling in part 3, I advice them to take OBU, and now they are working in med-size firm while completing their last few papers. If hardcore studying doesnt help them, at least working experience may be able to open them to different approach and thinking.

Of course, when the job market is good, OBU might not really add value. But now, employers tend to be extremely picky, and getting an additional 1% advantage is better than nothing.

Furthermore, as ACCA is not recognised in countries like USA, Aust; OBU is certainly handy in these situation. U get a higher chance for secondment, or even applying for jobs there in the future.

Among all the advantages mentioned, I would say that an investment of RM1-3k is certainly worth it. After all, we are paying very little for our ACCA fees already (comparing to degree route, and please, RM4k is a total rip off).

Hi all, I am taking MYS variant since member.
For F4 paper, I just bought the Text book which is under Global Variant.
Too late that noticed about this.
Is there a lot diff with MYS Variant?
Or can I change Variant?
Which variant have to change as to Global?

I think everyone have plan about their career path very early on (work in big comp, become manager, jump to other country, become CEO ,....).
I think most fresh acca graduate expect the best working environment when they find work, but I think we always have to practice "Assume the worst, hope for the best" attitude. When in optional classes, most part timers gave me a lot of realistic & practical view of today's job like the 3,5 & 10 year plan & how to be a "boot licker" or "back stabber". (too practical).

I have personally approached some OBU lecturers to garner their view.
OBU will be beneficial as long as student get first class. Second class is the very minimum you can get since many company rejected anyone lower than 2nd upper like Big 4. It also give student the opportunity to use MS Office which I think most students will ever touch in their acca courses.

---

Added on July 30, 2009, 9:59 pmGot global variant law ???
Anyway our law is like this, we "photostat" from India legislation & India borrow it from UK. Thats why most of our lawyers are indians (Viknes joke).
By any means necessary please switch to MYS variant, that applies to tax too.
If you want to work in MYS you need to study these 2 subjects in MYS variant.

The difference between each countries variant is huge.

This post has been edited by Topace111: Jul 30 2009, 09:59 PM

Got global variant law ???
Anyway our law is like this, we "photostat" from India legislation & India borrow it from UK. Thats why most of our lawyers are indians (Viknes joke).
By any means necessary please switch to MYS variant, that applies to tax too.
If you want to work in MYS you need to study these 2 subjects in MYS variant.

The difference between each countries variant is huge.

[/quote]

One of the version for F4 is Global.
http://www.accaglobal.com/students/acca/exams/f4/past_papers

So mean better study for MYS variant?
Any text book for MYS?
The text book I bought gonna waste?

That's the reason I said better go for Zero Cost Method for OBU since it won't add value too much after student graduate ACCA.

So mean better study for MYS variant?
Any text book for MYS?
The text book I bought gonna waste?

[/quote]

There is no text book for MYS variant for tax & law.
I think printing cost is expensive & just to cater to MYS students very likely a loss making so no go there.
Sell at EBAY ?

This post has been edited by Topace111: Jul 31 2009, 12:20 AM

For F4 BPP got malaysian variant textbook but i don't think F6 there's official textbook for malaysian tax.

The official text book for F6 is Choong Kwai Fatt Malaysian Taxation lo. Ha Ha!