ACCA Students.

accahelp

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Paul owen merison has already went back to UK. Go to SAA's Chee Hay Kheong if you really want to pass your P7. He's very good in F8 and P7. No regrets!

How about Roy Goh from LSBF for P7? I read from the website that he teaches audit too! Is he good?
 

ray3026

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How about Roy Goh from LSBF for P7? I read from the website that he teaches audit too! Is he good?

Roy never teach audit before. If i am not wrong, this is first time he teaching audit. abit risky

I suggest you try CK fung from FTMS or Chee Hay Cheong from SAA.

P7 is heavily demanding paper than P4. If you dun intend to work as auditor, frankly speaking P7 may be irrelevant but all depend on your preference.

P7 is somehow related to P2. i heard, this P7 examiner tend to emphasis on audit of FRS.
 

Tortoise79

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How about Roy Goh from LSBF for P7? I read from the website that he teaches audit too! Is he good?

F8, P1 and P7 Mr AP Chee from SSA, never go wrong. He teaches in NUS and his style is a typical Prof style, very exam focus. Tips, spot questions etc and are all fairly accurate.

He prints article and questions that he thinks might help in strengthening certain areas, very experience and efficient. Not draggy and to the point. With or without tips, he will prepare you to sit for the exam. :s12:
 

choobsnata

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WTB: F4 notes 7 exam kit

hi peeps! I wanna buy f4 text, exam kit and lecture notes!

Anyone can PM me if you have?

Thanks~!
 

rottingapple

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Hi. i like to ask a f7 question, if i buy a non current asset, say, before 2013 dec accounting year. but asset only arrives after acct yr after jan 14. can i take into account of the asset at yr2013 but not depreciate, and only depreciate on yr 2014?

when should i account it into BS?
 

Kenzo88

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can p5 be self studied? How many percentage are theory? Which lecturer notes is preferred? thanks.
 

merlcy

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it would be better if you take P2 and P6 together as FRS changes every year.

clear the heavier P2 first before you take P3 next siting...

Raymond

Thanks Raymond for your reply.. So is it possible to take p2 and p6 together? Or must I clear p2 and p3 before I can proceed to take p6?
 

emokia

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Thanks Raymond for your reply.. So is it possible to take p2 and p6 together? Or must I clear p2 and p3 before I can proceed to take p6?

U dont have to clear p2 and p3 before taking p6.. But the key thing to note is u have to attempt p1-p3 before the options are opened up for u to choose :)

With that, it means that u have to register for p2 and p3, then u can activate your options choice. If not, from what i know, some people registered for p1-p3 to activate options, but during exams they only turned up for those they really want to take. Say for eg, a mixture of p1-p3 mods and options. But that is a waste of money!
 

Kenzo88

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50% calculation and 50% theory at exam. self study depnd on individual. for me i attended the tutuion.


the calculations are those easy to understand through self studied? or need lecturer to explain? for p5,what is this paper abt roughly. thanks, rather confused now.
 

merlcy

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U dont have to clear p2 and p3 before taking p6.. But the key thing to note is u have to attempt p1-p3 before the options are opened up for u to choose :)

With that, it means that u have to register for p2 and p3, then u can activate your options choice. If not, from what i know, some people registered for p1-p3 to activate options, but during exams they only turned up for those they really want to take. Say for eg, a mixture of p1-p3 mods and options. But that is a waste of money!

Thanks emokia for your reply! Ya I need to think through whether I should do that.,, haha cos taking 3 mods very chor!!!
 

ak_angel

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Hi. i like to ask a f7 question, if i buy a non current asset, say, before 2013 dec accounting year. but asset only arrives after acct yr after jan 14. can i take into account of the asset at yr2013 but not depreciate, and only depreciate on yr 2014?

when should i account it into BS?

I don't know bout the entire facts of your entire question or scenario but here goes:

Generally, it all goes back to the core FRS/GAAP objectives.
- As of YE, is the asset ready for use for its intended purpose?
- Depreciation begins when the asset is available for use.

The initial capitalisation cost include attributable costs to bring that asset to working condition for its intended use. It seems like its not delivered and installed for use, so probably not. Perhaps for this case, should recognise as prepayment as at YE, then when asset is available for use, capitalise and start depreciation.
 

rottingapple

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I don't know bout the entire facts of your entire question or scenario but here goes:

Generally, it all goes back to the core FRS/GAAP objectives.
- As of YE, is the asset ready for use for its intended purpose?
- Depreciation begins when the asset is available for use.

The initial capitalisation cost include attributable costs to bring that asset to working condition for its intended use. It seems like its not delivered and installed for use, so probably not. Perhaps for this case, should recognise as prepayment as at YE, then when asset is available for use, capitalise and start depreciation.

Hi. thank you for replying. i dont have a specific scenario, just asking in general, yes i asked opentuition as well they gave me a similar reply like yours. i think i shld recognise as prepayment first.
 
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