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

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`twinkles
post May 2 2009, 02:19 PM

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I am in the same situation like vin99. I am considering whether I should take my ACCA in TARC or other private colleges too. I am qualified for a full scholarship in TARC which makes me studying ACCA really cheap there. I just need to pay for the exam fees(external). My tuition fees and internal exam fees are free of charge. However, if I fail any paper in Adv Diploma in TARC, I would not be able to get even the Advanced Diploma certificate and the ACCA qualification. What should I do seriously? I come from a pretty poor family, I have survived on scholarships during my entire college life. I really want to save the time by studying at private colleges but the price to pay is really causing me to think twice.

This post has been edited by `twinkles: May 2 2009, 02:28 PM
`twinkles
post May 3 2009, 01:35 PM

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QUOTE(Topace111 @ May 2 2009, 06:28 PM)
If financial limitation applies then don't go to those fancy uni / college just for the sake of it.
If you choose lecturers prudently in Kl it should not be that expensive.
From CAT to finish ACCA tution fees + exam fees for UK I have calculated its around RM 20000 - RM 25000 if you TAKE in KL.
You can pay in installment in most college & don't have to pay lump sum.

There is another alternative but its very hard to get these kind of oppurnities.
First you enter a big firm to work (eg Big 4 like PWC). First you really need to impress these firm that you are loyal & competent......
If you are lucky they will allow you to work there if they are impressed with you. (Ask for low salary & low post first)
Then they may bond you & you get salary & free ACCA course.
I know several friends that followed this route but you need to work 4 times harder than everyone else. Don't worry about failing as big comps can tolerate as long as you have penetrated the work line.
*
I guess my mother would not want me to start working now, because she still think that I should pursue my studies first, so I think the Big 4 route would not be applicable to me. I wouldn't want to choose the fancy colleges because I know how bad my family's financial problem can be. I was just thinking to get in Kasturi since they said it is for affordable education? But then, RM25k is still a big sum when compared to TARC free tuition sad.gif Can we apply for PTPTN loan for Kasturi?
`twinkles
post May 4 2009, 01:32 PM

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QUOTE(Topace111 @ May 3 2009, 01:46 PM)
I dont think PTPn will offer loan for professional qualification programme on the assumption that you already have a qualifaction which is sufficient enough to find work before pursuing it. I think sunway offered scholarship but SPM results must be good lo.

Since your main worries is 2 fold : the safety net & financial limitation I think you should stick with TARC programme. If i am not mistaken there is another alternative in tar programme is that you can get advance diploma in 2.5 yr but without taking acca ?
*
I have straight A's in my SPM. I am actually one of the top students in my school, that's why TARC grant me a scholarship. Anyway, the alternative programme is mainly for students who prefer more relaxed and laid back study style, while the internally assessed one is for students who are willing to work hard for it. The alternative programme takes a much longer time compared to the internally assessed one. I really want to graduate sooner so that I could go out to work and lighten my family's burden sad.gif
`twinkles
post May 4 2009, 03:36 PM

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QUOTE(jacktai @ May 4 2009, 02:10 PM)
If you really want to laid back and study, go for local university. Sure ACCA is not a playground average world passing rate is 50% for every paper. Other Uni program very hard to get in but very easy to get out, but ACCA is very easy to get in, but very hard to get out.
*
I think you have misunderstood my reply. I meant there is two options in TARC and one of them is the more relaxed option. I was planning to go for the other option, which is the one that need hard work smile.gif Hope all is clear
`twinkles
post May 5 2009, 10:52 AM

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QUOTE(Topace111 @ May 4 2009, 10:53 PM)
Well if I am a straight scorer too & I understand your predicament about this.
In secondary school, TARC & Sunway the teachers / lecturers will truly grind you to perform by giving a lot of homeworks & drills on exams. You have to study for rougly 6 hours everyday right to maintain at such consistency at this level right ?

At KL its a whole different story. First thing first some general facts :
1) No homework at all will be given.
2) Class is roughly 3 hours per week for 4 months + 1 month for revision = then exam.
3) Nobody will bothered if you skip classes.
The rule is pretty simple : 100% freedom & flexibility & if you are willing to work for it then the result is yours for the taking. But its not that easy to maintain such discipline for the entire course as some of my classmates has learned it the hard way.

Actually I don't think your confusion or indecision lies on whether to take internally at TARC or take externally at KSA but you just need confirmation that you are pursuing the best course of action currently & I think you should stick with your scholarship. A drastic decision will be best avoided unless you are 100% sure that you won't regret about it. I have a similar student asking me with the same question and in the end she just choose to continue taking internally.
*
Thank you for your reply, it has been the most constructive reply so far smile.gif Anyway, I really dig the KL concept of studying due to their flexibility. Basically, I do not wish to continue in TARC due to some important facts, it has the worst timetable and part time lecturers ever. KSA, on the other hand, is located really near my house and I can save all the traveling time and use the time to study instead. But I understand what you are trying to tell me and it does seem like the scholarship thing is so far the best action that I could take. Thank you again anyway

QUOTE(moon yuen @ May 4 2009, 11:19 PM)
GO for Adcanced Diploma in Financial Accounting cum ACCA

U can also apply for external scholarship.
Pls use ACCA status to apply it !! GOt more money lo.... If use advance Diploma to apply , give u diploma only.
1. Hong Leong Bank Scholarship
2. Kwok foundation Scholarship
3. BritishTabacco scholarship
OK, thats it.
*
Urm, well, I already have the internal scholarship, do you think I still have to go for the external one?
`twinkles
post May 5 2009, 01:32 PM

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QUOTE(Topace111 @ May 5 2009, 12:44 PM)
Em just to let you know that there other college like KB that offered cheaper rates than KSA but only restricted to 1 or 2 lecturer. KSA also have some "bad apples" but just becareful when selecting lecturer.

External scholarship is quite rare unless you are being bonded. Reasoning is because the fees is quite minimal & its nature of exam based makes it quite subjective since student can choose how many papers to take each sitting & the variance & type of paper.
*
At least, in KSA we can choose which lecturers to attend but in TARC, there are no options and some of the part timers are really inexperienced and got serious complaints. I heard that KB is not that good?

QUOTE(moon yuen @ May 5 2009, 01:03 PM)
Why not ??

U just fill in the form & attend an interview. U will get RM 16, 000 for 2 years !!
This is much better than TARC internal scholarship !! (which u still get it, since it is automatic )

External one, give u RM4000-8000 /annum .

This is real money, not tuition fees waiver .

Anyway, the list given is not bonded, FYI.
*
I didn't know what we can apply for external scholarship even though we already have the internal one. I thought we have to choose either one of them? Most of the external scholarships state this condition in their T&C. Or I have made a mistake? And why do I enrol in TARC and attend KSA tuition? I am confused
`twinkles
post May 27 2009, 08:25 PM

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For Kasturi college, how many days a week we will be attending lectures usually?

Do we have to buy the textbooks or the notes are sufficient?

How much is exam fees for each ACCA paper? $50?

This post has been edited by `twinkles: May 27 2009, 10:40 PM
`twinkles
post Jun 3 2009, 11:29 AM

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For F6-F9 who are the best lecturers?
`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?

`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.
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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?
`twinkles
post Jun 9 2009, 10:33 AM

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So I have decided to take three papers for my upcoming ACCA exam. Which paper should I take from F6-F9? Someone suggested me to take F6, F7 and F9 together because F8 and P1 is related and so I could take F8 and P1 together. Anymore suggestions?
`twinkles
post Jun 9 2009, 03:51 PM

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QUOTE(Topace111 @ Jun 9 2009, 01:54 PM)
P2 will undergo a new change in syllabus for Dec 09 sitting onwards. So its best to take F7 first so F7 will be ranked no 1.

Audit should be ranked 2nd since clearing this paper first will clear a lot of hurdles later on. Don't be fooled by this paper pass rates as it was once the killing paper in old syllabus & more than 3 / 4 of my friends that failed their acca papers all have failed audit at least once. I knew more than 4 person who have stuck at 49. Its true that P1 have some overlapping areas with F8 but only on internal audit & its a small chapter only. F8 audit focuses more on external audit.

I would suggest taking tax first since tax only requires practice & hardwork.

F6 : Bound to asked company tax, personal tax or JA & some tax admin area.
F7 : Guarantee asked consol as qs 1, published a/c as qs 2 & cashflow / ratio as qs 3. Last 2 qs on standards so if you practice should be easy.
F8 : Bound to ask SP & / or TOC, then some audit procedures......

F9 hard to predict & trend is not fixed so I recommend you not to take this one first.
By the way what happened to F4 & F5 ?
*
Okay, I will take your word for it. I am a diploma student so I got exempted until F5 biggrin.gif
`twinkles
post Jun 10 2009, 03:22 PM

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Okay, firstly thanks for all the suggestions here smile.gif

[quote=kelvinbadroyal,Jun 9 2009, 10:53 PM]
if you are studying at sunway, never take f8 and p1 together, the combination of these 2 papers in the exam are not encouraged. even though f8's syallabus crosses over P1 syllabus, however, the chances of passing both papers are 50:50 only. or, u can only survive in f8 but fail in p1 or vice versa. this is because the application of p1's knowledge in f8 paper might result in serious mistake made, unless you are SMART enough.
[/quote]
I am not in Sunway, will enrol in Kasturi...but I do understand what you are trying to tell me. It is like I may learn more than what I need for F8 in P1 and apply it wrongly in F8, is this what you meant? smile.gif

[quote=icyblue,Jun 10 2009, 08:49 AM]
f6- tax. it's relatively easywhen u take mys variant,but u also have to be knew core areas of theory(i remember i get a 60 ++ pass just bcos i dont have a good knowledge on some theories)
f7-u really have to be strong here-at least for p2 purpose
f8- really a lot of work-not just memorise also practices to make u really understand audit.for first.if you are first timer you better get a lecturer who can make you really understand the topic,especially if you never touch actual audit before.
maybe write a list of what qualities you want in your lecturer:eg simplified notes,talk about actual experience,good memorisation techniques,systematic etc

f9-it's 50 calc 50% theory-so there's some areas to memorise

but i suggest u look the syllabus at accaglobal.for f9 it's financial and f7 is reporting standards.u can look this through the internet or a library.

it really depends.get a good mix of heavy memorise and practice,a 50/50,calculation mix.

from a f8 second-timer and p1 -first timer perspective
( i take f8 & p1 together)
hmm...i remember i barely understand corporate governance while i take f8 for first time.it was just lucky that my exams does not came on that topic.then i take p1,and i start to know more about it,as f8 is quite summarised on corporate governance.
(provided that u really listen to that topic at class and you understand it.)
and p1 is more easier to understand compared to f8,especially if u have this two papers taught by the same lecturer(personally thinking smile.gif )
cons: there are some areas u really need to answer in that paper format(eg f8 question-f8 format ie audit ).i remember a question about controls in which areas in a company-in p1 paper,and the answer required cannot in f8 format
as what they says above

[/quote]
So which paper do you think I should be taking? Well, for lecturers, I am okay with lecturers who wants us to memorize but a lecturer with good notes and explanation will be the best.

[quote=cheehwa,Jun 10 2009, 10:40 AM]
[quote=`twinkles,Jun 7 2009, 09:47 PM]
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.
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?

for example F7 and p2,f6 and p6,f8 and p7,f5 and p4 and f9 and p4
u have to pass the F paper only take P paper. have to pass F7 then only u can take p2.

[/quote]
Got it notworthy.gif

[quote=Topace111,Jun 10 2009, 11:51 AM]
The rule only applies when you take optional paper. You cannot sit for optional unless you have finished all core paper or you are taking all your due core papers with optional.
Case 1 : take P1,P2,P3 & P4.
Case 2 : passed P1 & P2 so take P3, P4 & P5.

Most of the paper like F9 & p4 fall at same date so if you do not pass f9 how to take P4 at the same date. Actually if fail F9 chances are P4 will be even more daunting. You can sit for P papers eevn if you fail F papers but make sure they are not at the same date : audit & Pm is not. But tax & finance are.

[/quote]
So you mention that tax and finance have the same date of exam, which means, F6 and F9 will fall on the same exam date?

This post has been edited by `twinkles: Jun 10 2009, 03:30 PM
`twinkles
post Jun 10 2009, 04:31 PM

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Jackson Chan or Philip Woo better for F8? And I saw the timetable for Philip Woo class covers from 2pm-9.30pm? I thought each lecture only last for 3 hours?
`twinkles
post Jun 10 2009, 06:18 PM

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QUOTE(kuntaker @ Jun 10 2009, 05:42 PM)
well philip woo class is because of he only come on weekend therefore he combine the class for 2 class become 1 class..
*
But I thought we only need to attend 3 hours lecture per week? I am kind of confused here....or 3 hours for full time student and another 3 more hours for part time students?
`twinkles
post Jun 10 2009, 10:23 PM

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Is Jackson Chan okay for F8? I heard that philip Woo is much better but his timetable is really not that suitable for me...
`twinkles
post Jun 11 2009, 12:40 AM

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QUOTE(dreamerJD @ Jun 10 2009, 11:47 PM)
why not try Low Chin Ann at Kolej Bandar for F8?
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I cannot check the KB timetable so I cannot check whether it will clash with my papers.

QUOTE(carlosandy @ Jun 11 2009, 12:21 AM)
Not recommended F8 for Jackson Chan. I know last time got student complaint about his teaching method.
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Yea, I googled around and saw ALL bad feedbacks about him lol

QUOTE(n406 @ Jun 11 2009, 12:28 AM)
Sheila John from Orange good in F8 I think.
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But she is much more expensive than KSA sad.gif

QUOTE(carlosandy @ Jun 11 2009, 12:28 AM)
You better go for Philip Woo for F8. He is good and detail in explaination.
Yea, everyone is recommending him but I have major transportation problem at night sad.gif
`twinkles
post Jun 11 2009, 12:42 AM

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How about Andrew Kok for F6? If I am not mistaken, full time students can only opt for Andrew Kok is it? Sorry first time reading this timetable, kind of confused rclxub.gif
`twinkles
post Jun 11 2009, 01:10 AM

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QUOTE(dreamerJD @ Jun 11 2009, 01:04 AM)
here's the link to KB timetable..

KB Timetable
*
Thanks! Honestly, which lecturer is better? Philip Woo or this Low Chin Ann?
`twinkles
post Jun 11 2009, 10:51 AM

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QUOTE(dreamerJD @ Jun 11 2009, 02:26 AM)
Each has his own good points.
Phillip Woo has a lot of experience in the field so he gives a lot of practical examples. But one thing i dislike is his long class hours which can be really tiring, because his style is talking non-stop (not that he's boring, he jokes once in a while & tells interesting stories). He writes very little, just the main points of the topic & he'll elaborate it by talking. So you'll have to pay 100% attention & jot down your own notes. It would be useful if you have a recorder. He gives several tests during the 2nd term so that we can judge our own standard. But it's entirely up to the student whether he/she wants to make the effort to do the test.

Whereas for Low Chin Ann, he writes a lot in class. He gives 2-3 tutorial classes during the end of 2nd term & do PYQ teaching us how to write the answers. This is useful because reading examiner's answers can be confusing. I feel Low Chin Ann's notes & teaching sequence is more organized.

Both are dedicated lecturers who are willing to listen & help the students so you can't go wrong with any one of them biggrin.gif
*
Both sounds really good, thanks for your detailed explanation smile.gif



Okay, so I need some comments here:

F6-1) Andrew Kok: Didn't get much feedback about him
2) Alan Yeo: Seems to be an experienced lecturer, but seems that he is only catering for part time students? Correct me if I am wrong, I have yet to understand fully the timetable lol tongue.gif
3) Low Chin Ann: Not much feedback about him teaching this paper

F7-1) Haneef: Sounds like a boring but great lecturer
2) Joe Fang: Heard that he is good in teaching consol but not everyone understands his method. Is it hard for who don't understand his method?

F8-1) Philip Woo: Has really great feedback, but too bad his class is so long and ends late which I may have a problem with regarding transportation.
2) Low Chin Ann-Good feedback


Any suggestion on whose class should I choose? Anyone can add other experienced lecturers as well as suggestions. Thanks tongue.gif

This post has been edited by `twinkles: Jun 11 2009, 10:53 AM

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