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

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jayniel
post Jul 27 2009, 01:17 AM

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hi guys, anyone of u here attend Dr Parmindar's P1 class?

i have his Dec 08 notes, can they still be used for this coming sitting? if not, has anyone got his notes for this sitting?
jayniel
post Jul 28 2009, 10:39 PM

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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..
jayniel
post Jul 29 2009, 12:01 AM

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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 smile.gif

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
jayniel
post Jul 30 2009, 02:12 AM

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QUOTE(Topace111 @ Jul 29 2009, 12:30 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.  tongue.gif
*
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 smile.gif
jayniel
post Aug 17 2009, 11:29 PM

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anyone score above 70 for P2?
jayniel
post Aug 18 2009, 10:23 PM

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QUOTE(jayniel @ Aug 17 2009, 11:29 PM)
anyone score above 70 for P2?
*
anyone??
jayniel
post Aug 28 2009, 06:47 PM

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QUOTE(Pooh-Bear @ Aug 27 2009, 08:43 PM)
Same here. I'm attending JF's, but can't really get the hang of the subject.
Could anyone here kindly explain what is the best way to tackle this subject?
Apart from past year questions and studying the text, what else can we do to master the subject?
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for theory, memorize all IASs.. to the point that u can quote the entire standard.. make notes if u want.. always dedicate ur time to this paper.. u must know IASs and IFRSs in detail for sure..
for console, practice questions.. try to do as many as possible until ur speed is superb.. and also read past year answers to see how the questions are answered..

this is wat i did and i scored for the paper first attempt.. Good luck!!
jayniel
post Aug 30 2009, 02:42 PM

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QUOTE(Pooh-Bear @ Aug 29 2009, 11:03 PM)
Yea, that's why I am looking for some solutions to improve my FRS. smile.gif
Thanks for your advice. thumbup.gif  Would the textbooks/study guides/exam kits help much in this subject? BPP or Kaplan?
*
LOL.. i study Menon's notes.. never touched textbooks at all..
jayniel
post Oct 11 2009, 09:57 PM

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want to ask if anyone knows whether, if i plan to work in tax line in Singapore big4, can i take P6 Malaysian variant? will they reject me because i din take Singapore variant? (pls dont ask y i dont want to take Singapore variant instead)
i think not, but i want confirmation.. so if anyone knows pls let me know thru PM or here ya..

thanks..

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