QUOTE(carlosandy @ Aug 17 2009, 11:03 PM)
You can't just depend on text book and practicing to pass P6. This is very practical paper. P6 examiner normally assume student is Tax Planner. He need P6 student can make own judgement, give advise to client on tax implication, tax planning and etc.
Trust me, P6 is difference from F6, if you just practicing tax to take P6, then it never give you perfect. You must practice with understanding, means ask yourself always "why like that" when practice question.
Try to read examiner comment, then you will know your mistake. Try to understand examiner requirement from read his past year Q & A and some article from him, so you will feel better.
And I don't think got any other text book will be better than Kwai Fatt one currently. Very sad also currently Kwai Fatt stop teaching P6, if not then you can try his class, then you will learn a lot of practical thing from him.
Thanks Carlosandy. I mean I am working in tax firm.
I get what u mean. What u said are essentials of studying P6, but sometime I can't stop to blame on my brain. Just can't help to remember a lot of things in exam hall. I agree that the planning part is very practical. Hm... may be I still need to memorize more.
I would think that accounting standards are much much easier as P6 requires us to think and remember tax laws like a tax manager/professionals. But for accounting standard, appears easy to me as we can take framework as the basis for almost every acc standards.
But no such thing is advanced tax law. All are by memory...
With each fail, this paper is going to make me stronger. 4th attempt, i will always remember this paper. I passed all other papers not later than 2nd attempt.
Hm.... another half year with P6!!! OMG!!! Get out of my way, I am getting affiliate this Dec.
Congrats to those pass the exam. Kambateh to those fails. I am with u.