You mean products with a logo of EC? That want, if I'm not mistaken, should be a certification, that the product is safe, something like SIRIM

Nonsense la, even if you go to KL colleges/segi/ wherever and you don't study, you will still fail.

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Added on April 10, 2009, 9:16 pmThis one is psychology, if the marker keeps on marking good paper, eventually his standard would be higher and his marking would be stricter, compared to going to some other exam centers where the scripts are all of low quality, and the markets kept seeing bad answers, and eventually his standard of marking will be lowered, and hence if you can give good answers, the examiners will definitely be impressed.

This post has been edited by karhoe: Apr 10 2009, 09:16 PM

Guys, got some problem here

My friend signed up for June sitting

Just now he checked his ACCA exam entry, he was shocked to see that "you have missed the entry deadline for june 2009 sitting...."

Then he went to account statement, and it showed a (180 pounds) balance, what does it mean? ACCA received the money but forgot to enroll him or he owed ACCA 180 pounds?

This post has been edited by karhoe: May 24 2009, 11:09 PM

He paid via Sunway admin, bankdraft 180 pounds

His account statement, showed credit note = 180 pounds

So now it seems like acca received the money but never enrolled him

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Added on May 24, 2009, 11:26 pmWell, based on budget 2009, that's the rate for YA 2009. Maybe his book is meant for ACCA students + general public.

This post has been edited by karhoe: May 24 2009, 11:26 PM

ACCA already received the money and credited into his account via a credit note, so I think its ACCA staff who forgot to enroll him. Well, hopefully ACCA can do something about it, after all, if they bend around the rules for their own mistake, it can be done. Just need another table, another booklet and another question.

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Added on May 25, 2009, 12:44 amMs Margaret is not handling ACCA exam already, there's a new staff assigned to it.

This post has been edited by karhoe: May 25 2009, 12:44 AM

She's given another task to handle

Erm, if the company suddenly becomes a member of a group, then the year end will change and the basis period will coincide with the financial year. Don't think there would be overlapping period.

As for the second one, ya, BIK are item not convertible into cash, either due to the nature of the item itself or perhaps due to the employment contract.

Correct me if I'm wrong

Only if children suddenly gets married, cannot claim relief

Guys, got some tax questions here

1) Initial Allowance can be claimed if for asset purchased and disposed during the year, but there will also be drawback on allowance previous claimed unless commercial justification can be provided. So I include BA and BC in the same year?

2) When a company sells the goods to its branch in Thailand at RM650000 when the market price is RM700000, should the company include RM650000 or RM700000 in the gross income? (subsequently the company will sell the goods to Thai consumers at RM700000) Does transfer pricing applies here?

3) I don't really understand about interest restriction. S33(2) will not apply where the interest does not exceed RM6k for individuals and RM10k for companies. So what happens when interest restriction does not apply? The non-business portion be deductible as business expenses?

4) Can a normal trading business deduct legal expenses incur in renewing financial loan? I know that legal expenses incurred in obtaining first loan is not deductible as it secures an enduring advantage but what about subsequent renewal of the loans?

5) What if entertainment is provided mainly to employees, but it is also provided to suppliers at the same time, but main purpose of the entertainment (example, annual dinner) is for employees.

6) If the spouse has income, let's say from rental, but after deducting rental expenses, she ends up with Nil Total income, can she elect for Joint assessment with her husband?

Thanks

This post has been edited by karhoe: May 30 2009, 10:10 AM

Its T1 in CAT, P1 sounds like P1 in Part 3 of ACCA lol

Exemption is only for T1, because no way SPM has taught you ANYTHING on Management accounting (T2), not to mention those IT chapters which I like the most.

Exemption from exam only, but you still have to attend classes, else you will screw up your T3, T6, and subsequently the rest of your financial accounting papers.

If you have a degree that is recognized by ACCA, you get exemption from Part 1 and Part 2 of ACCA, just have to do the P level papers

This post has been edited by karhoe: May 31 2009, 08:11 PM

Wow, F4, all my lecturers target were right on.

Basically, almost all the questions were asked during PTs and Mock exam, but stupid me for not revising the PT and Mock paper, some careless mistake in the employment termination section and receivership section.

Yea, are you?

Btw ya, cannot use blue pen.


This post has been edited by karhoe: Jun 3 2009, 09:54 PM

Btw, the on screen marking - "on the last day of the session", means only applicable to papers on next Friday?

Any website where I can read on the on screen marking?

This post has been edited by karhoe: Jun 3 2009, 10:30 PM

Even if you use blue pen, I think it will still appear black to the examiner.

Because most scanning software used to scan OCR forms, only can detect black and white, so my bet is the examiner will see your writing in black as well, that's why highlighter all will not be visible.

You can use blue, but use a very dark one, that also at your own risk. But in the end, the marker will see your writing in black.

Please pray that all the PC's in UK comes with LCD and no CRT exists. I can't imagine an old marker staring at the CRT at 60Hz refresh rate for hours.

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Added on June 4, 2009, 1:47 amPilot pens are gel ink pens But I think Pilot gel pens are those high quality ones, should be alright I guess. The main issue with gel pens is when it contacts with water, smudges easily. But now there are already pigment gel ink pens. Waterproof gel ink pens.

This post has been edited by karhoe: Jun 4 2009, 01:47 AM

Nice comment, but the irony is the 'advantage' that ACCA is purely exam based has somehow been lamented as a disadvantage by some quarters, because ACCA is so exam based, student just learn to 'pass' the paper, no research, no presentation, etc.

F5 was killer

for first question, i spent 25 minutes to read it, and still can't do it, but eventually i tried some luck and common sense and got it right, but couldnt explain it well.

Made some silly mistake in the relevant cost question, as for the discount, I forgot that annual purchase, have to include daily sales, I only included Sunday sales. So discount wrong, bonus also wrong as it is a percentage of net profit.

Btw, the relevant cost question, have to explain anot, sunk cost, etc?

Erm, TPAR, assume all but material cost to be fixed.

So ya, the conversion cost is 18 million, I dont think its 1.8 million + 2.25million , then divide by 225khours.

Product A and B should get TPAR above 1, C is less than 1, 0.7 I think

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Added on June 9, 2009, 9:01 amThat only applies to papers on 2mr onwards, 2mr they will be the test rat for the on screen marking

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Added on June 9, 2009, 9:03 amActually don't have to worry, you should thank the examiner for splitting question 1 into a and b. By doing that, if you identified the wrong bottleneck in a and based on that, work out your TPAR in b, you will still get the full 6 marks. Lose only 3 marks at a

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Added on June 9, 2009, 9:06 amMy lecturer attended the F5 seminar by Geoff Cordwell, she said, Geoff kena taruk kaw kaw by other lecturers, one of them told him "The gap from F5 to P5 is so small, if a student can pass F5, you just have to teach him a little more and he can pass P5" LOL

This post has been edited by karhoe: Jun 9 2009, 09:06 AM

I have something to add.

Yeap, Platinum status is not very important, it's just the highest accreditation given to Sunway for having such high passing rates (passing rates for all papers exceeded the world rate.)

Of course, there are students who got barred by the college administration as they failed miserably in the internal exams and if they have sat for the real exam, they could have passed. In my opinion, even if no students are barred and some eventually fail and reduced the passing rate of the college. The effect will just be minimal the the Platinum status could have been retained though.

Yes, there is always an exceptional case. Your friend can study under Menon and fail yet pass under Haneef. But does this mean everyone that study under Haneef will pass? Have you forgotten that your friend would have gotten knowledge from Menon + Haneef class by the time he sat for his exam 2nd round?

I agree the tuition fees in Sunway is quite expensive, but at least you get a better study environment with more study hours.

Movie, lunch, shopping would be the last thing to consider when choosing for a good college

In the end, it's the student decision, you can rely on feedback from students here who have studied with the KL colleges lecturers, or you can rely on the track record of the college in deciding which college to go to. You also have to remember, that all these are as good as opinions only, a man's meat could be another man's poison. What is good to someone else doesn't necessary apply to you.

You guys must also realize that most of the feedback on KL colleges lecturers here are given by those who have attended their classes. Apparently it seemed like the whole ACCA thread is flooded with majority of the people from or have studied before at KL colleges.

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Added on July 7, 2009, 10:30 pmYeap, even I myself went to Sunway because I was told about Sunway track record. But think about it, if the college have really been that bad, would I have even know about it then? Would people have recommended me to Sunway then? I have been in Sunway for 1 year + to find out for myself that what I have been told are no lies. The reason why students can excel in Sunway, one of the reasons is the peer pressure, it's very stressful to study there.

Perhaps, as claimed by some of you, that the lecturers in Sunway are less superior than those in KL, but one must not be too dependent on lecturers, you have got to do your own revisions, study from the manuals.

Bottom line is, it doesn't matter which college or lecturer, lecturers can only deliver the knowledge, you have to absorb and understand it yourself.

This post has been edited by karhoe: Jul 7 2009, 10:44 PM

Planning your holiday already?

Bear in mind, this time the Dec sitting will start in the 2nd week as for the first week, the Monday is still on November.

T6 should be on Monday, T7 on Tuesday, T8 the following Monday, T9, the following Tuesday, should be that way