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

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TSThanatosSwiftfire
post Apr 4 2009, 05:53 PM, updated 16y ago

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ACCA v5. This thread is meant for

*Strictly on serious talk regarding ACCA/CAT tuition providers
*comment on lecturers
*exam/study tips

please do not spam here ya...

So read up the
1.Rules/Guidelines
2.How to Multiquote
3.Learn how to use "edit" located bottom right of your post.


1) Previous thread to refer: ACCA
http://forum.lowyat.net/index.php?showtopic=116302&st=2600

2) Toughest ACCA Paper, Vote For The Most Challenging ACCA Paper
http://forum.lowyat.net/index.php?showtopi...9&#entry9571649

3) ACCA Textbook,Revision Kits and Passcards by FTMS
http://my.ftmsglobal.com/downloads_enrolme...alOrderForm.pdf

4) Coolly's personally opinion on paper 3.5 and 3.7 in FTMS ( newly added )
http://forum.lowyat.net/topic/379762/+340# (Post 359)

1) ACCA Official Website:
http://www.accaglobal.com
2) ACCA 2007 New Syllabus Info
http://www.accaglobal.com/horizon/

3) Lowyat ACCA/CAT's chat
http://forum.lowyat.net/index.php?showtopic=362089

4) Lowyat Auditor Yam Cha Section
http://forum.lowyat.net/index.php?act=ST&f=23&t=331577

5) FTMS Website
http://my.accaglobal.com

6) Orange International College (formerly McOrange) (OIC or McO)
http://www.oic.edu.my/professional.html#acca

7) Kasturi Website (KSA)
http://www.ksacitycampus.com/

8) Global tuition providers
http://www.accaglobal.com/students/study_e...tion/providers/

9) Approved textbook publishers
http://www.accaglobal.com/students/publications/publishers

10) PAAC Home Study Programme(newly added)
http://www.paac.edu.my/Home%20Study%20Plan...d%20061206).pdf

11) Kolej Bandar Website (KB)
http://www.calow.biz/

thumbup.gif Recommended Lecturers thumbup.gif

Understand there are many people looking for part time course to pass their acca soonest possible and the followings are a few lectures recommended by people who had passed thier ACCA paper

The following recommended lecturers are based on individual's personal opinion...please use it at your own risk... laugh.gif

Note:The number shown in () refers to the relevant old syllabus paper.

Fundamentals Level - Knowledge module (F1-F3)

F1 Accountant in Business AB(1.3)
Chang Shew Leng (KSA)

F2 Management Accounting MA(1.2)
Low Chin Ann (KB)
Miss Sunita (PAAC)

F3 Financial Accounting FA(1.1)
Yap Kok Wah (KB)
Miss Sunita (PAAC)


Fundamentals Level - Skills module (F4-F9)

F4 Corporate and Business Law CL(2.2)
Viknes (KBandar)

F5 Performance Management PM(N/A)
Ian Lim (McO/OIC)
Andrew Pang (KSA)

F6 Taxation TX (2.3)
Alan Yeo (KSA)
Low Chin Ann (KB)
Wong Paik Wan (McO)
Siva Nair (FTMS)
Choong Kwai Fatt (Segi) (Revision class only)

F7 Financial Reporting FR(2.5)
Haneef (McO)
Joe Fang (KSA)

F8 Audit and Assurance AA(2.6)
Sheila (McO)
Philip Woo (KSA)
Low Chin Ann (KB)
Fung Chee Kong (FTMS) ( RI Only )

F9 Financial Management FM(2.4)
Daniel Ho (FTMS)
Andrew Pang (KSA)
Steve Lumby (McO) *RI only

Professional Level - Essentials (P1-P3)

P1 Professional Accountant(N/A)
Sheila (McO)
Philip Woo (KSA)

P2 Corporate Reporting CR(3.6)
Haneef (McO)
Ms Menon (Sunway)
Joe Fang (KSA)

P3 Business Analysis BA(3.5)
Michael (McO - Revision only))
Parminder (KSA)
Wong Siew Choo (FTMS)
Martin (FTMS) *Revision only
Phillip Woo (Revision only)

Professional Level - Options (P4-P7)

P4 Advanced Financial Management AFM(3.7)
Daniel Ho (FTMS) (of an uncertain future...)
Andrew Pang (KSA)
Mr Chan (OIC)

P5 Advanced Performance Management APM(3.3)
Andrew Pang (KSA)
Chow Kim Tai (OIC/McO)

P6 Advanced Taxation ATX(3.2)
Chow Chee Yan (McO) Revision only
Low Chin Ann (KB)
Chong Kwai Fatt (Segi)(maybe yes maybe no lah)

P7 Advanced Audit and Assurance AAA(3.1)
Fung Chee Kong (FTMS)
Jackson (KSA)
Sheila (McO) (revision only)b

This post has been edited by ThanatosSwiftfire: Oct 20 2009, 06:31 PM
TSThanatosSwiftfire
post Apr 5 2009, 10:37 AM

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ahahaha, then have to trouble u to prepare ur comments d lor biggrin.gif carlosandy maybe can prepare his opinion on the lecturers oso, especially those he been through.
TSThanatosSwiftfire
post Apr 12 2009, 11:33 PM

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You can do it online at www.accaglobal.com. Registration, payment everything is done over online. Docket will be mailed direct to ur house.

Exam center, i'm not too sure.
TSThanatosSwiftfire
post Apr 19 2009, 08:33 PM

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Hahahaha, looks like everyone's busy studying already. Start early, 1 1/2 months more to go biggrin.gif
TSThanatosSwiftfire
post Apr 23 2009, 12:13 AM

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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.



QUOTE(Topace111 @ Apr 22 2009, 05:40 PM)
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 ?  icon_question.gif
*
TSThanatosSwiftfire
post May 16 2009, 02:00 PM

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9am to 3am, is not unheard of. I've done that the whole of this week.
TSThanatosSwiftfire
post Jun 19 2009, 07:51 PM

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QUOTE(ccjj1234 @ Jun 19 2009, 01:34 PM)


If u still take p4 , u'd better very often to check this STUPID examiner blog.... he said will put vauable content in his blog.

Anyway, feel very upset I have  some coursemate  who take p4  with me this sitting, next time  the majority of them will change p4 to p5, or p6.... . tiz time  exam made them ???????????????

I really don't know what is purpose of examiner  for this time exam? rclxub.gif  rclxub.gif

*
Heh, I'd normally cry foul is the examiner pulls a strange trick in say, P2, or P7, or tax even.. But finance is such a vast field, and it's a very interesting topic. If one thing I think it tests more than any other, is the ability to NOT panic when seeing teh wall of text. It's one of those papers, that you do not just to pass, but do to really add value to yourself. Yeah, if you only aim to pass, fair enough, but I really do not respect people who treat the paper as if it HAS to be something. Life's not damned fair dammit, do expect your examiner to screw with us, especially when they are out to trim passrates.
TSThanatosSwiftfire
post Jun 26 2009, 08:23 PM

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QUOTE(MegRyan @ Jun 26 2009, 06:07 PM)
I hope i can make it for the talk, Mr Arshad and Mr Marcus Ong give preview talk for P5, F8 . Heard they are also ACCA members like Mr Andrew Pang. Bad news is Sunway increase fees again mad.gif  vmad.gif . guess some medium income parents cannot accept it lor, somemore economy so bad, jobs so little supply, stock market burn many people. I think try pass also need a lot personal effort. can save $ then save for family.  hmm.gif

even mr michael manwaring from Uk fees also very attractive than SUnway. Foreigner also understand malaysia market. we not yet rich like UK people mah. guess if money no issue, then can study anywhere. any acca students agree?
*
Sadly, whilst we complain and complain, m'sian parents will still pay those very same high fees. So, tough luck
TSThanatosSwiftfire
post Jul 12 2009, 12:54 PM

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I think this thread is full of repeating the same points over and over again. Signal-noise ratio in here is pretty low. Or maybe people just don't know how to read.
TSThanatosSwiftfire
post Jul 12 2009, 09:57 PM

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Hehe, speaking of which, I actually has a nice line of white acca textbooks in my cupboard, except for the stupid cat t9 and acca 2.3 tax which isn't in white, and different size! tongue.gif But no P5, sadly. Hahaha

This post has been edited by ThanatosSwiftfire: Jul 12 2009, 10:00 PM
TSThanatosSwiftfire
post Jul 22 2009, 10:40 PM

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Or alternatively, he's bloody brilliant.
TSThanatosSwiftfire
post Jul 24 2009, 12:09 AM

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hehehe, tax laws are an industry secret. It's what you know that makes you able to offer the best advice. I doubt ppl are distributing them so freely hahaha
TSThanatosSwiftfire
post Jul 28 2009, 10:53 PM

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QUOTE(jayniel @ Jul 28 2009, 10:39 PM)
hey Topace111, thanks for replying..

wanna ask again, is it enough to study Parmindar's RE + RI only in order to pass? cos one of my friends told me so, as he only studied his RE + RI without attending his class and managed to pass 2 sittings ago(Dec 08).. but i have doubts.. anyone else care to share your experiences with P1?

thanks a lot..
*
No offense, but what is your objective from asking such a question?

a) Do you want us to validate your shortcut and justify that your way of cutting corners will pass?
b) Tell you it's not enough, so we can scare you into studying more?

Shouldn't you for one know better how much you know about P1?
Shouldn't you know how you normally react when faced with exam questions under exam circumstances?
Are you prepared for the unexpected?

It is said that we prepare for the worst, and hope for the best.
We do not prepare for the best that may not happen, and later on, suffering from fear of the worst.
TSThanatosSwiftfire
post Aug 17 2009, 04:57 PM

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QUOTE(kitkit88 @ Aug 17 2009, 04:47 PM)
i finish at 21...i hav a guy friend finish at 19 2....ur fren a guy in sunway?
*
Hahaha, that friend of yours will regret it. LOL. I myself graduated at 20, doing a 2 1/2 years express route, and a few of my other frens just celebrated their 20th b'day after 6 months in audit. They all regret coming out so early. Hahahaha.

Of course, this is the perspective of young, playful and adventurous folk who yearn the adventure of being overseas, travelling the world and enjoying college life. Hahaha, some, on the other hand will think the youth means we work more, mature faster, earn more money, which is good (sorta). Haahahaha...
TSThanatosSwiftfire
post Aug 18 2009, 10:11 AM

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QUOTE(Saga9733 @ Aug 18 2009, 10:06 AM)
Dear all,
I have taken my p4 for the 3rd time and failed it marginaly again.
Could anyone advise me where to go?
I have tried Mr Chan, - he is very strict and stern,
                  Mr Daniel, - he is so-so
and            Mr Jeremy,- he is fine
but yet I have failed.
Please advise me where / who should I go to. P4 is my last paper, I am done with the rest.
*
I'm sad to say this, but... it's not always the lecturer. Have over 3 semesters, your understanding of P4 improved? I'm suspecting you're still weak in ur understanding of finance, as such ur failure.
TSThanatosSwiftfire
post Oct 22 2009, 05:44 PM

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I disagree with working whilst studying. Working, is stressful as it is. Studying, has it's own stresses. It's not something 18-19 yearolds can handle easily. I'm not saying you can't, but generally you end up losing yourself in doing so. It feels as if those years when you slogged at both work and studies are years when you had no life.

It's not worth it. Pick one, and stick with it.

One year into working you'll feel regretful why you didn't study full time.

Even coming out at the age of 21, people still ask why are you so young. Take your time, you've got nothing to lose by joining the rat race early.
TSThanatosSwiftfire
post Oct 23 2009, 04:36 PM

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Why care so much about ranking. At the end of the day, few things matter in an audit firm.

a) Pay
b) Prospect
c) Teammates
d) Exposure
e) Workload.
f) Bragging rights (which is usually big 4 la)

If you can find one that scores high on all aspects, go for it
TSThanatosSwiftfire
post Oct 24 2009, 11:38 AM

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QUOTE(wkang @ Oct 24 2009, 07:22 AM)
Hi Bro, have to disagree with you a bit on tat. My 2 cents (all choices big 4).

a) Teammates & Includes Managers (can severely affect how long you stay in the firm, e.g Manager from hell or Bloodsucking Leaches teammates)
b) Exposure (Some industries need specialised training to get in in the future, e.g banking, O&G, Telcos)
c) Workload (I think everywhere the shite is the same)
d) Pay (but most pay up to S1 is roughly the same, unless u willing to stay longer)

Err, prospects in audit firm is probably not really required, afaik promo quite automatic (no big screw ups) until AM or M. Beyond tat is whole new ballgame. Bragging rights, haha..no comments on tat. Didn't feel so great very soon after joining.


Added on October 24, 2009, 7:24 am

Bro, im not from TARC but I think comes down to whether u wan2 finish faster or not. Since ur serious now, i guess just choose the fastest route, study hard and pray tat u pass.
*
Hahaha, to each his own.
Bragging rights is mainly for your parents who can go to other ppl and say, 'my son/daughter is woring in so-and-so'
Prospects = 'ur post-big 4 life'
TSThanatosSwiftfire
post Nov 5 2009, 03:45 PM

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QUOTE(kelvinbadroyal @ Nov 4 2009, 07:33 PM)
anyone kno how to transfer from kuching sunway Tes to KL sunway Tes? wats the procedures? 10x in advance
*
From what I heard from my kuching friends who came over, they did either

a. Inform your kuching admin staff that you want to transfer, and tell them to guide you.
b. Or, give sunwaytes KL a call/email and ask about the transfer procedures
c. Otherwise, you can fly all the way to Sunway, go to the admin staff that you'd like to study there, and you've done-so and so papers at kuching.




TSThanatosSwiftfire
post Nov 6 2009, 11:52 AM

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QUOTE(vchl @ Nov 6 2009, 10:42 AM)
hi, i am currently doing an assignment on financial gearing for paper F9. Just would like to ask if prior charge capital includes current liabilities like commercial paper and medium term notes?

Thanks
*
Yes. Includes.

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