ACCA Students.

[flyingeagles]

Will be taking f9 in March. However lsbf not providing face to face revision for March/Sept anymore.. Please recommend where can I go for revision class?

 

[cherryblossom2017]

Will be taking f9 in March. However lsbf not providing face to face revision for March/Sept anymore.. Please recommend where can I go for revision class?

Try other schools or take their online class.

 

[imwarren]

Question regarding Examiner's Report 2015

I am a self-studying student for F4 (SGP). The following question in 2015 Dec examiner's report confuses me:

Question 9
Which of the following statements about a term of a contract is correct?
A) A breach of a term does not allow the innocent party to rescind the contract
B) A term is any statement made in the course of negotiations of a contract
C) A breach of either a term or a representation will give the innocent party the right to terminate the contract

The correct answer is A)

The examiner's report explains that:
Many candidates did not choose the correct option, A, for this question which tested them on the law concerning terms of contract. They appear to be unclear about 1) the differences between a term and a representation ; 2)
the effects of breach of contract (where termination of contract is a possible remedy) and misrepresentation (where recission of contract is a possible remedy).

My questions:
i) what is the difference between "termination of contract" vs. "recission of contract"? As far I can tell, they are similar?! (*mind blown*)
ii) I know B) is wrong because not all statements are terms, they can also be merely puff or representation
iii) however, i am really confused about both option A) and C). Would anyone be able to explain to me why they are right and wrong respectively?

 

[cherryblossom2017]

I am a self-studying student for F4 (SGP). The following question in 2015 Dec examiner's report confuses me:

Question 9
Which of the following statements about a term of a contract is correct?
A) A breach of a term does not allow the innocent party to rescind the contract
B) A term is any statement made in the course of negotiations of a contract
C) A breach of either a term or a representation will give the innocent party the right to terminate the contract

The correct answer is A)

The examiner's report explains that:
Many candidates did not choose the correct option, A, for this question which tested them on the law concerning terms of contract. They appear to be unclear about 1) the differences between a term and a representation ; 2)
the effects of breach of contract (where termination of contract is a possible remedy) and misrepresentation (where recission of contract is a possible remedy).

My questions:
i) what is the difference between "termination of contract" vs. "recission of contract"? As far I can tell, they are similar?! (*mind blown*)
ii) I know B) is wrong because not all statements are terms, they can also be merely puff or representation
iii) however, i am really confused about both option A) and C). Would anyone be able to explain to me why they are right and wrong respectively?

F4 is an isolated paper which is different from the rest, not advisable to self study. It’s better attend a class to clear any doubts.

 

[Fearah]

I am a self-studying student for F4 (SGP). The following question in 2015 Dec examiner's report confuses me:

Question 9
Which of the following statements about a term of a contract is correct?
A) A breach of a term does not allow the innocent party to rescind the contract
B) A term is any statement made in the course of negotiations of a contract
C) A breach of either a term or a representation will give the innocent party the right to terminate the contract

The correct answer is A)

The examiner's report explains that:
Many candidates did not choose the correct option, A, for this question which tested them on the law concerning terms of contract. They appear to be unclear about 1) the differences between a term and a representation ; 2)
the effects of breach of contract (where termination of contract is a possible remedy) and misrepresentation (where recission of contract is a possible remedy).

My questions:
i) what is the difference between "termination of contract" vs. "recission of contract"? As far I can tell, they are similar?! (*mind blown*)
ii) I know B) is wrong because not all statements are terms, they can also be merely puff or representation
iii) however, i am really confused about both option A) and C). Would anyone be able to explain to me why they are right and wrong respectively?

I could be wrong.. i believe rescision means bringing the contract to its original position. Termination means the end of obligation for both parties.

A. Correct because it allows inn party to terminate and not necessarily rescind
C. Only a breach of term allows.

Use opentuition.com
Goodluck

 

[imwarren]

F4 is an isolated paper which is different from the rest, not advisable to self study. It’s better attend a class to clear any doubts.

I could be wrong.. i believe rescision means bringing the contract to its original position. Termination means the end of obligation for both parties.

A. Correct because it allows inn party to terminate and not necessarily rescind
C. Only a breach of term allows.

Use opentuition.com
Goodluck

Thanks! Yeah, found it really difficult to self-study F4 (SGP)... the notes from company K isn't really helpful, i found a lot of errors in there already (including equating recission to termination), such that i even had to tediously refer to the original Cap 50 Company Act to make sure i am studying the right thing.

Google search on "recission vs termination" gave very confusing answers too. I will try to repost to opentution and see if I can get more views.

Any suggestions on whether changing to F4 (Global) will be more self-study friendly?

 

[jace88]

I am a self-studying student for F4 (SGP). The following question in 2015 Dec examiner's report confuses me:

Question 9
Which of the following statements about a term of a contract is correct?
A) A breach of a term does not allow the innocent party to rescind the contract
B) A term is any statement made in the course of negotiations of a contract
C) A breach of either a term or a representation will give the innocent party the right to terminate the contract

The correct answer is A)

The examiner's report explains that:
Many candidates did not choose the correct option, A, for this question which tested them on the law concerning terms of contract. They appear to be unclear about 1) the differences between a term and a representation ; 2)
the effects of breach of contract (where termination of contract is a possible remedy) and misrepresentation (where recission of contract is a possible remedy).

My questions:
i) what is the difference between "termination of contract" vs. "recission of contract"? As far I can tell, they are similar?! (*mind blown*)
ii) I know B) is wrong because not all statements are terms, they can also be merely puff or representation
iii) however, i am really confused about both option A) and C). Would anyone be able to explain to me why they are right and wrong respectively?

Termination is to bring to an end (eg you have breached your obligation to do something and hence we are ending our arrangement) vs. rescinding a contract is as if it never happened (eg you were not legally allowed to enter into this contract so we will rescind it as if it never happened).

Just to be clear though, "A) A breach of a term does not allow the innocent party to rescind the contract" is the correct answer because a breach of a term simply means one party has not fulfilled their obligations. What happens next will depend on other terms of the contract, but there are usually multiple remedies available.

Remember that a breach of a term of contract doesn't automatically allow the innocent party to rescind a contract (otherwise if you broke part of a deal, are you saying everything has to be reverted to what it was before?) nor does it always lead to termination either (eg the contract may have penalty clauses or conflict resolution sections).

 

[Fearah]

Any suggestions on whether changing to F4 (Global) will be more self-study friendly?

Yes for me.. i could fine online materials for global but not SG.

I self studied for F4 in 1 week and I passed the CBE with 56% haha..

Now I am going to start studying P1 using opentuition for my march paper *cross fingers*

 

[ChaiPeng]

job market for affiliates

hello!
let me know if this should go to another thread.

hoping to get a feel for whats job market like with affiliates?

students bang their heads on walls to finish exams, once done, what do affiliates, besides job and membership, do as continuation?

TIA!

 

[imwarren]

ICAEW Certificate in Finance, Accounting and Business (CFAB) is another option u can consider.

i am similar situation as you, but science degree, taking ACCA now as self enrichment. Mostly self study to keep cost down, and skills future for probably F6 Taxation (SGP variant) later. I aim to at least complete the BSc in Applied Accounting from ACCA/Brookes University.

No intention to complete the professional level, since i will probably never get the 36 month of related work experience for full membership anyway.

I am thinking of using the SkillsFutures credit to take some courses in accounting. I have an engineering degree with zero accounting knowledge. Due to the nature of my work, it helps to gain some financial knowledge to understand the transactions entered into financial information systems. I suppose ACCA might be an overkill. What about LCCI or those financial accounting for non-financial professionals courses?

 

[testart]

What kind of black pen do you all usually use for the examination ? Pilot G2 gel pen ok to use ?

 

[chazelnutsf]

hello, are there any updates on CBEs for F5-F9 papers? like the venue and/or earliest month they're offering the CBEs? thanks in advance!

 

[imwarren]

Session CBE have already started. u can book for june already. venue is either Kaplan or Clifton, choice of either morning or afternoon exam

hello, are there any updates on CBEs for F5-F9 papers? like the venue and/or earliest month they're offering the CBEs? thanks in advance!

 

[cherryblossom2017]

What kind of black pen do you all usually use for the examination ? Pilot G2 gel pen ok to use ?

Use black ball-point pen.

 

[testart]

Can I take the non essential paper first before essential?

 

[cherryblossom2017]

I am thinking of using the SkillsFutures credit to take some courses in accounting. I have an engineering degree with zero accounting knowledge. Due to the nature of my work, it helps to gain some financial knowledge to understand the transactions entered into financial information systems. I suppose ACCA might be an overkill. What about LCCI or those financial accounting for non-financial professionals courses?

ACCA F1 to F3 is good enough for you.

 

[cherryblossom2017]

Can I take the non essential paper first before essential?

Yes, but not advisable.

 

[testart]

BPP exam kit or Kaplan exam kit good ?

 

[imwarren]

in my opinion, both are equally bad. Bad in the sense that they are not exam type questions. Proofreading standards are also lacking, i have spotted errors and typographical errors before.

But i would still reccommend getting them, because they are good tools for checking ur understanding of specific chapters.

specimen and past years paper are the gold standard. Always make sure u have attempted sufficient number of them to get a feel of how exam type questions are.

BPP exam kit or Kaplan exam kit good ?

 

[cherryblossom2017]

BPP exam kit or Kaplan exam kit good ?

Both are good, better than lsbf.