ACCA Students.

[xueeternity]

Anyone here who is a student of James Kwan MJF5C- Performance Mgt class?

F5 is such a hard module to comprehend for me. The last time I took F2 was like 1 year ago cuz I completed my F4,F6 & F7 first and totally lost my basics for F5 along the way...
Even though James revised the basic fundamentals of costing during the first class, I still have difficulties understanding. Whatsmore, I missed 3 of his lessons. Eeks. I wonder how am I gonna catch up now. (>.<)

Any tips on how to revise? Thanks!

 

[ken19870313]

After his f2 & f7 papers, he will have F4,5,6,8,9,P1 before sitting for P2, that's assuming he will attempt 2 papers per sitting. At the minimum, 18months will pass.

The key concern will be his retention of F7 knowledge for P2. How much can he remember?. And lets not forget P7 requires P2 knowledge.

you guess correct. i taking 2 modules per sitting.

 

[T-cOTOn-T]

Anyone here who is a student of James Kwan MJF5C- Performance Mgt class?

F5 is such a hard module to comprehend for me. The last time I took F2 was like 1 year ago cuz I completed my F4,F6 & F7 first and totally lost my basics for F5 along the way...
Even though James revised the basic fundamentals of costing during the first class, I still have difficulties understanding. Whatsmore, I missed 3 of his lessons. Eeks. I wonder how am I gonna catch up now. (>.<)

Any tips on how to revise? Thanks!

F5 is really not that tough. Don't be cowed by what the lecturer tells you. He's like that. Make sure you have the syllabus guide as JK does go beyond the syllabus (to prepare you for P5). So you have to be disciplined to always check back.

Just go back to basics and ensure u have to have a clear picture of each concept from the onset i.e. small bits and pieces. E.g. Relevant costing, understand what is "relevance", its basically actual incremental cashflow & loss of opportunity (outflows) from the point a decision is taken. Then you will understand relevant labour costing etc. (read note at the end)

E.g. What is throughput acctg? Basically, it is to push for "sales" because in throughput acctg, the only variable costs are materials costs (Contrast with marginal & absorption)..

Technique is important. E.g. Spending all the time punching your calculator to get a end "total" with all the calculations for budgeting gets you 0.5 or 1 mark. While commentary earns you 3-5 marks.

Always set out your answers for each type of question in a similar way and hence be familiar with the flow of each type of question. in JK lectures/tutorials, redo the questions in "that" set format you are familiar with. (If I remembered correctly, there are instances his format changes according to the "suggested solutions", & I did them in the format I'm familiar with)

lastly, be disciplined & practise questions.

Note: attempt his assignments quickly, essay needn't be two three pages, get straight to the POINT. Imagine a 20qns assignment, each taking 1hr, you need 20hrs. If you're working, that's 5 nights of 4hr revision tied down to his PM, and you have F8 & F9 (assuming).

Get back to your basics and relearn those fundamentals now and don't be afraid of F5, its really not that tough.

 

[Philomae]

basics of F5 is F2, right?


i'm still figuring out about the calculations...


theory and calculations...

 

[xueeternity]

Wow, T-cotton!
Thanks for the valuable tips! I really apprecate it. (^,^)
I'm feeling so motivated to do my best now. Hee.

Btw, you've graduated from ACCA?

 

[ebullent]

basics of F5 is F2, right?


i'm still figuring out about the calculations...


theory and calculations...

yup you are right..F5 is continuation of F2..what we learn at lower level will be helpful at upper level..the lecturers wont have time to re-teach the basics..maybe just run through

 

[NewRules]

Hi,

anyone took ACCA with O levels?
like how is the process like? which sch to attend and stuff.
Thanks!

 

[jamesng1988]

Hi,

anyone took ACCA with O levels?
like how is the process like? which sch to attend and stuff.
Thanks!

Yes there are... But if you want to take ACCA directly with O lvl only, you need to be at least 21 years old.. =)

Most people who had decided to take ACCA after their O lvl would proceed with CAT first as they are still too young to be eligible for ACCA =)

 

[Banaball]

anyway guys. wads the main difference between SAA and Kaplan? Which one is more comprehensive in terms of teaching & materials?

 

[NewRules]

CAT is like the basics right? would it be better to take CAT before ACCA?
i think i missed out on the registration for both the FT classes, checking with their admin now. hope i can get in or i would be wasting more time

 

[ken19870313]

CAT is like the basics right? would it be better to take CAT before ACCA?
i think i missed out on the registration for both the FT classes, checking with their admin now. hope i can get in or i would be wasting more time

CAT paper 5=acca F1

cat paper 1 3 and 6=acca F3

cat paper 2 4 and 7=acca F2

CAT modules include taxation auditing and finance.

 

[ken19870313]

anyway guys. wads the main difference between SAA and Kaplan? Which one is more comprehensive in terms of teaching & materials?

both sch have good lecturers

 

[NewRules]

thats confusing..
so if completed CAT, you only have to take the F4 papers onwards?

 

[orcy93]

If u complete CAT, u exempted acca lvl 1 which is F1-F3. I heard frm my frens u can finish CAT with a yr..

Any1 taking kaplan F4? I find Mr Terence Tan boring..he's like reading from his study notes duing lectures, can take 30 mins breaktime and end his lessons 10 mins earlier frequently.

Not surprisingly after 5 lessons, i see not many students attending..either they rather read at home or just swap lecturer liao.

 

[orcy93]

anyway guys. wads the main difference between SAA and Kaplan? Which one is more comprehensive in terms of teaching & materials?

I find Kaplan materials generally better..like for F3, Kaplan gives u answers with working after u finish revising but SAA F3 by james kwan only shows answers but no workings.

 

[ken19870313]

I find Kaplan materials generally better..like for F3, Kaplan gives u answers with working after u finish revising but SAA F3 by james kwan only shows answers but no workings.

u mean lecturer notes?

 

[NewRules]

i got a question.
which will take more time? say you finish CAT in one year, how many exemptions are made for ACCA?
or just take ACCA finish it within 3 years?

 

[Konnichiwa]

i got a question.
which will take more time? say you finish CAT in one year, how many exemptions are made for ACCA?
or just take ACCA finish it within 3 years?

Taking ACCA straight will be faster.But provided if you can manage the materials being taught.

It is advisable to take CAT even if you already qualify for ACCA program. Because CAT is like an introductory to ACCA to most of its subjects.

CAT exempts u F1 to F3 of ACCA, the first 3 papers of ACCA.

One thing I can assure u is that ACCA is not that easy, so dun under-estimate the effort u need to put in. Even those with CAT have also failed the papers.

 

[zonglin18]

i got a question.
which will take more time? say you finish CAT in one year, how many exemptions are made for ACCA?
or just take ACCA finish it within 3 years?

F1 to F3 can be completed within 1 semester (which is half a year), as the max. papers you can take per semester is 4 papers. Normally, most people would just take the first 3 papers together in one semester.

Ideally, if you say that you can complete CAT in 1 year, you can save half a year if you take ACCA straight.

However, CAT teaches you other fundamental basics such as T9 (Tax) to help you in ACCA F6 (Tax), which is not exempted. Meaning to say, if you want to play safe, take CAT first.

 

[sneggg]

if u r an O level holder wanting to take acca u cant take all f1-f3 at 1 go i rem theres 1 paper u cant take 1st got to pass 2 1st before u can take it, forgot which is the paper.

i think its better to take CAT 1st if u r an O level holder, u know at least u have a CAT if u didnt manage to get pass ACCA, its just half a yr more, moreover CAT has ntuc funding.