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Showing posts from 2008

P1, P2, P3 CLASSES & TIME TABLE

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UPDATED INFO: In July 2010, I have moved to Kasturi School of Accountancy in Petaling Jaya, Selangor. Thank you for your support and working so hard together in order to achieve your graduation goal.

- relevant to Professional Students (ACCA) at Essential level

INFORMATION IS POWER. The following are classes that will be held in INTI Subang Jaya branch. The commencement date is 5th January, 2009.


Pic 01: Classroom and time table


Pic 02: Education begins at infancy. You are reaching the finish line - ACCA graduation

P1 (Porfessional Accountant) FULL TIME classes:
* Tuesday 2.00pm to 5.00pm (every week)
* Monday 2.00pm to 5.00pm (once every 2 weeks)

P1 (Professional Accountant) PART TIME classes:* Monday 6.30pm to 9.30pm (every week)
* Wednesday 6.30pm to 9.30pm ( once every 2 weeks)

P2 (Corporate Reporting) FULL TIME and PART TIME
* Thursday 6.30p.m to 9.30 pm (every week)
* Saturdays 9.45a.m to 12.45pm and 2.00p.m. to 5.00 p.m. (once every 2 weeks)

P3 (Business Analysis) FULL TIME class…

GOOD ENROLMENT RESPONSE-OXFORD-BROOKES UNIVERSITY COLLABORATION ACCA BSc. Degree

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UPDATED INFO: In July 2010, I have moved to Kasturi School of Accountancy in Petaling Jaya, Selangor. Thank you for your support and working so hard together in order to achieve your graduation goal. 



Pic 01: Hungry Lion looking for lunch



Story of relativity If you are with your friend strolling in a African savannah, and suddenly you are confronted with a hungry lion, what would you do? Well, don't run as fast as you can. But run a little faster than your friend.

Pic 02: Run a little faster.

Application: when you are applying for a job, no doubt you are competing with hundreds of ACCA graduates, how can you improve your chances? Well, be a little better, relatively speaking, by showing to prospective employers you have an ACCA qualification and a BSc. degree in Applied Accounting.

Pic 03: Move ahead armed with DOUBLE qualification!

Certainly its heartening to see encouraging response to the Oxford-Brookes University-ACCA mentoring enrolment. There are ACCA candidates who wasted no ti…

P3: ACCOUNTING AND ORGANISATIONAL CULTURES – (Graham Morgan, 2008)

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- Relevant to all P3 (ACCA) candidates
ACCOUNTING AND ORGANISATIONAL CULTURES – (Graham Morgan, 2008) Pic 01: Graham, why are you messing me up?
Pic 02: I have already studied well enough.


First and foremost, I personally feel that Graham Morgan has unnecessarily ruffled and mess up students brains, causing low confidence, by incorporating a mix-mashed article and still not tell you clearly what is his emphasis in relations to P3 exam applications. So to neutralize this unsettling feeling among my students, a systematic approach is outline with no new stuff inserted. You don’t need this in view of perilously close exam date.

The entire article is summarized to “parenting styles” in which Headquarters should be INVOLVED or DEVOLVED. In exams, I have consistently emphasise the usefulness of “Organisation Configurations”. So here is the answer structural plan:

TYPE A CASE STUDY :
Mass manufacturing of homogenous products (bottled water, generic drug making, assembling electronics products like…

P1 DEC 2008 Pitfalls Warning and Exam Tips

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DISCLAIMER OF LIABILITY: while it is good to focus on Hot Topics but to rely on them exclusively is both detrimental to your mental + emotional health & performance in exam.

Paper P1 ‘The Professional Accountant’ DECEMBER 2008 Exam Tips and Pitfalls Warning. Avoid David Campbell's traps.

- RELEVANT TO ALL P1 candidates
A. QUESTION VERBS USED
It is very important to correctly interpret the verb in the question and use that as the basis for their answers.
Question Type A: 0.5 mark per point
‘explain’ or ‘describe’ and the answer just contained (say) a list of points, few marks were awarded.

Question Type B: 1.0-1.5 marks per point
a higher level skill such as ‘evaluate’, ‘assess’,’ construct’ or ‘criticise’, answers that did not address the content at the level required were poorly rewarded.
Candidates must not ‘explain’ when they are meant to ‘construct’ or ‘criticise’, and they must not ‘identify’ when they are meant to ‘describe’.
ü Question . and identify from the case...
ü Question…

The Power of Focus - Habits Determine Your Future (Part 2)

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- relevant to all who want progress in life. I recommend and encourage you to spread this information to your juniors and friends.


Pic 01 : Highest paid athlete in USA. Was he simply taking a random swing with the golf stick that puts him top of the game?
Pic 02 & Pic 03: Can you do the stunts above on first try? Take a week? a month? Hmmm... I think it takes a lifetime of good discipline and successful habits.
CHANGING HABITS TAKE TIME
You will turn your negatives into positives by changing your habits now. Change takes an instant to occur and time to mature. Your change goes into effect the moment you choose to change. That very instant! But it will take some time to see your changes mature to where you can enjoy the fruit of your improvements. Your change will take time because developing success habits takes time.
Of course, with ongoing exams currently, you may say that its bit too late to change. While I agree with you but don't forget you need this quality to succeed in …

F8: TARGET HIGH RISKS QUESTIONS for DEC 08

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- Relevant to F8 candidates. Call this F8 exam tips if you like, but they are important reminders i.e. avoiding pitfalls common to candidates of F8 Audit and Assurance paper in exam. I have incorporated Alan Lewin, 2008, article in Student Accountant journal of October issue.
- Relevant to all who want success but feel its eluding them. Well! Don't give up!

Earl Nightingale said 'You become what you think about'...

Napoleon Hill said ' What ever the mind of man can conceive and believe it can achieve'

C W Longenecker “… get our thinking processes working for us rather than against us.”


Pic 01: Every step you take, you are closer to your to victory.


Pic 02: You are your own worst enemy, if you let it.


Pic 03: Focus on the goal, you will achieve it.


Pic 04: Can you see yourself succeed? YES, YOU CAN!!

ARE YOU LIKE THIS? LIKE WHAT, YOU MAY ASK? READ ON:

If you think you are beaten, you are.
If you think you dare not, you don't.
If you like to win but think you cant,
It'…

ANNOUNCEMENT: ANSWERS PT 2 RELEASED

- relevant to P3 candidates

Dear all candidates,

Exam is coming, tension is buiding but whatever the case may be, you all do what is humanly possible. If you are in worse case scenario of not able to cover the entire syllabus, the only thing you can do now is prioritise topics based on the IRC question bank and Closed Book Exercise that was given. I have given out complete answers for both.

I have already sent out the Progress test 2 answers on Question 2 [case study on plant closures and redundancies in UK and the effect of managing change] and Question 3 [case study on investment strategy in South East Asia]

Sincere best wishes.

Announcement F8: Answers to Westra (pilot paper)

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In view of approaching exam I certainly hope that now you are only doing 3 things with your time - Practice! Practice! Practice! The above answers are duly sent to you all via e-mail. Please note the simple structure of segregating Audit Principles, Audit Procedures and Audit Reasons which gives a clear appraoch on using substantive tests are in a table format. A diagram which I use in lectures are also posted to show linkage as to where the audit work is perform. Then in exam you will have a systematic approach.
Please practice Alan Lewin's latest article on avoiding Top 10 most common mistakes published in October 2008. Please note that he said "independence" is not a fundamental ethics principle but still is a concern for auditors. Thus the need to insert audit safeguards.

Announcement P3: Answers on Lockheed-Martin

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The answers on Lockheed-Martin are duly sent to you all via mail. Please analyse carefully the linkage between theories and application in what ACCA terms it as "synthesisation". Strategic Intent: "Practice makes perfect"
Best regards.

The Power of Focus - Habits Determine Your Future (Part 1)

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- Discover your natural brilliance! Strategy on the power of focus is habits determine your future.




Pic 02: I'm privilege have pictures with International Students (China) : Future Successful Chartered Accountants (Graduating soon)


Pic 02 : I'm privilege have pictures with International Students (Pakistan, India)- Future Finance Ministers, IMF Finance Director, Chief Executives (Graduating soon)
Its my pleasure to have you all as my students. We work so hard together attempting to encapsulate the many complex theories in simpler formats surely are winning strategies in ACCA exam. What a wonderful sight, if the above pictures are a regular, habitual activity. If you have good studying habits which of course include quantity of hours invested in a study room daily, surely success is within your reach. Your Habits will Determine Your Future. If your automatic behaviors or repetitive actions involve eating unhealthy food than your future will include struggling with staying in shape a…

Jerry Yan Part B Answer

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- 6 Sigma complemented by diagnostic tool - CMMI


Pic 01 : Infamous F4 - who couldn't afford RM7 hair cut Pic 02: F4 with sure bad back ache due to poor posture Pic 03: Barbie Doll of Taiwan Pic 04: Guy- "I bet my hair is longer."

ANSWER B
1. 6 SIGMA is a statistical analytic system to ensure that defects remained only 3.4 defects per 1 million units. To improve the value added system, J Yan could use the DMAIC methodology.

2. Management tool to diagnose current capability is the use of CMMI technique. J Yan’s operation is in Level 2 of CMMI of a “managed process” in the distribution system where books delivery ranges from 48 hours to 4-5weeks according to book types ordered. Application on the web site processing of customers’ orders:

DEFINE CUSTOMERS’ NEEDS 3. allowing customers access to the information they require about the books of interests to them. Contents of book, chapters, editor’s reviews, critiques and other readers can also be viewed. 4. faster delivery for the rar…

The Power of Focus - Habits Determine Your Future (Part 2)

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- relevant to all who wants progress in life. I recommend and encourage you to spread this information to your juniors and friends.


Pic 01 : Highest paid athlete in USA. Was he simply taking a swing with the golf stick that puts him top of the game?




Pic 02 & Pic 03: Can you do the stunts above on first try? Take a week? a month? Hmmm... I think it takes a lifetime of good discipline and successful habits.
CHANGING HABITS TAKE TIME You will turn your negatives into positives by changing your habits now. Change takes an instant to occur and time to mature. Your change goes into effect the moment you choose to change. That very instant! But it will take some time to see your changes mature to where you can enjoy the fruit of your improvements. Your change will take time because developing success habits takes time.
Of course, with ongoing exams currently, you may say that its bit too late to change. While I agree with you but don't forget you need this quality to succeed in career, …

BPR Answers to Jerry Yan

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- relevant to P3 IRC (ACCA)
(note: Steve Skidmore dislikes the practice of BPR as opposed to re-designing process, so please remember to criticise the tool's risk - radical and risk of spectacular failure if system(s) is unacceptable to market.)


CASE STUDY ON BOOKS SALE (10 marks) ANSWER (a) Business Process Reengineering is a change to organization which is
‘fundamental’, ‘radical’, ‘processes are new’ and ‘dramatic’. JY can change its main processes replaced by new processes.

BPR principles and applications to JY business:
BPR RECOMMENDATION 1:
- customer-focused outcome : faster supplies for JY instead of weeks to deliver for rare books, less costly to customers and provide rich content information enable customers to better self-select books wanted.
- Customers can be made to ‘process’ the information where they perform a review of certain books. This promotes more perspective on books review to complement the existing critiques.
- Information gathering and information processing are …

The World is fair, isn't it? Egg heads also known as Masculinity.

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Exam tension is peaking. Here, take a break and enjoy the following reality of life (I think).

To understand women may be futile, but nature is fair. On the scale of dumbness, men by far, judging from history, is unsurpassed. We humbly admit it but hey, you still need us to take out the garbage, right?


From Left to right:
Man 01: I have the best haircut
Man 02: Man of steel, all brawns but little brains, I mean can't he call the police or something...??
Man 03: I can afford a $300 leather jacket but not a $7 haircut
Man 04: The fear IN all men - baldness, besides stupidity, insecurity, low IQ, dead broke, rejection, dullness ...
Man 05: Genius representation of what a MAN truly is.

Conclusion : Man ego-head is actually mis-spelled - suppose to be egg head.

Because I'm a Man - so say the egg-head man [are you one?]

Because I'm a man, when I lock my keys in the car I will fiddle with a wire clothes hanger and ignore your suggestions that we call a road service until long after hypothe…