I have discussed such topic with my other P2 friends last sitting. If memory serves prominent lecturers like Joe & Keith did not touch this topic at all. Even haneef just touched briefly.
Later in optional paper my finance lecturer told me the hedging part you should learn finance to first understand it before doing accounting recognition (last time finance comes togehter with reporting). So with that reasoning its hard to test student on calculational part of it.

But to be on safe side you should know the teory a little bit since they can test that portion :
1) The definition / difference of Hedging instrument & hedged item.
2) 5 condition to qualify for hedge accounting.

The hedging is part of financial instrument which is a main area but with many subtopic so hedging probability of coming out is quite low but possible.

hey guys guess what, i just realised RM450 for Mr Hannef class is actually a early bird price, if register after apr then is RM 495.  WOw!!!! kill me please..

current issue - securitized asset( not sure if i spell it correctly) / toxic asset / global crisis /economic recession
google search all this and read up.

i think got somemore.. bout improvement in IFRS and ED for IAS 19...

The first combined code was compilation of Cadbury (scandal of maxwell corp), Greenbury (scandal of british gas) & Hampel.
The redrafted (newer) combined code consist of the 3 above plus Turnbull, Higgs & Smith.

But question will rarely asked history of C.G. Its the component inside like Roles which you should concentrate bcos it cames out every sitting without fail yet.

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 Hope all is clear

Urm, well, I already have the internal scholarship, do you think I still have to go for the external one?

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?
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

Its the examiner favourite style of asking P1 question.
It means write BOTH sides of the answer lo.
It can either be :
1) Agree with the statement and disagree with the statement
2) Advantages and disadvantages

Most of the time will be "evaluate" or "assess".
Examiner roughly ask for "criticise" since it will become rather straightforward for student to answer. The higher level you progressed the less direct the question will be. The reason bcos examiner want to know how much the student can assess the whole scenario.
If they do only ask "criticise" or "support" only then you need to elaborate more since examiner has been very clear with requirement.

Check Pilot paper to see his style.
Sometimes some student fail not bcos of their own incapability but their method of answering question is different from examiner preferred style.
F8 examiner likes table & columns. P3 examiner likes numbering / sequencing. P1 examiner likes student to point out all general pointers before moving to application. These small details can easily determine one's fate in exam.

The tips is for December 2008..