tag:blogger.com,1999:blog-8009803138908179802024-02-06T18:15:47.578-08:00Joe FangJoe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.comBlogger37125tag:blogger.com,1999:blog-800980313890817980.post-60659753319040537842015-09-30T20:35:00.001-07:002015-09-30T20:35:14.302-07:003 is not a crowd!<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Since
there are only 3 of us, we shall offer F7, F8, F9, P1, P2, P3, P4 and P7,
altogether 8 papers in ACCA. We unanimously agreed that we shall only offer
papers where we have very strong lecturers. Any new member joining us must be
from students’ recommendation and we do not want any student to be disappointed
with any under-performing lecturers.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">I
told everyone that we are willing to wait for the right candidate. Let’s not
rush it! Let’s get it right!<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Sivasathish
voiced his concern that some students may want to opt for a different
combination of Option papers as some might prefer P6 instead of his paper, P7.
Since students may prefer more technical papers like P4, P5 and P6 instead of
purely discursive paper such as P7. He suggested including Sivanair in our
team.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">I too
have long heard of Sivanair’s reputation for Taxation and Advanced Taxation. My
students just loved him. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">With
his trademark humorous expression, he can explain taxation very well like in a layman’s
language and yet without losing touch of the complexity issue. I would
definitely welcome him to our team. Anyway, we need a fatherly figure in our
team too.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Initially,
he can’t join us because he has just renewed his contract with another
prominent college. His timetable is already packed. All three of us were
utterly disappointed!<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">But
it seems that heaven is on our side, the said college decided to stop offering
the programme unexpectedly, freeing Sivanair with extra spare time now. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Finally,
he joyfully accepts Sivasathish’s offer.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Now,
we have added another 2 papers, making our total papers offered 10. <o:p></o:p></span></div>
<div class="MsoNormal">
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8ZvoC1mUP5XVJQC81YlBZ-8iOzDhOk_c1zCzuWbaYaK2oaems-3iHH4YAOufOMcn02DxpFySR-7fcLD5QaCpU6g5jMuajP2M24mBNYTsGt-7XCji_5XmRcyY38PB1aNm4_u93UfxV7aw/s1600/perfect10.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="212" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8ZvoC1mUP5XVJQC81YlBZ-8iOzDhOk_c1zCzuWbaYaK2oaems-3iHH4YAOufOMcn02DxpFySR-7fcLD5QaCpU6g5jMuajP2M24mBNYTsGt-7XCji_5XmRcyY38PB1aNm4_u93UfxV7aw/s320/perfect10.jpg" width="320" /></a></div>
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Yup,
you can say the Perfect 10 to start with…</span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span>
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">F6 Sivanair</span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">F7 Joe Fang</span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">F8 Sivasathish</span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">F9 Oviyan</span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">P1 Sivasathish</span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">P2 Joe Fang</span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">P3 Sivasathish</span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">P4 Oviyan</span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">P6 Sivanair</span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">P7 Sivasathish</span><span style="font-size: 12pt;"><o:p></o:p></span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span>
<div class="separator" style="clear: both; text-align: center;">
</div>
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">We are hoping that more lecturers would be willing to join us for other ACCA papers to complete our ACCA Lecturing team.</span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuEhEzKa4HtuJ_4wfa68d1Dg89IsLkuAk8hWfHl05q_hRO_qh0YuJpHr7DhChQ7DHJvx11YISkDT_abhtwcLREEfwDznTvjZ5F9OYFmphWttmv3XqYJ_FACqstYvNzWmOvo8Xb0Gk3wsQ/s1600/DSC_0061.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuEhEzKa4HtuJ_4wfa68d1Dg89IsLkuAk8hWfHl05q_hRO_qh0YuJpHr7DhChQ7DHJvx11YISkDT_abhtwcLREEfwDznTvjZ5F9OYFmphWttmv3XqYJ_FACqstYvNzWmOvo8Xb0Gk3wsQ/s320/DSC_0061.JPG" width="320" /></a></div>
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com2tag:blogger.com,1999:blog-800980313890817980.post-77923515471852401582015-09-30T19:41:00.001-07:002015-09-30T19:41:34.745-07:00Yes, the college is within walking distance from LRT! (Part 3)<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Some
few months back, I join a dinner meeting with my Brother and another college
owner. It was out of pure coincidence that my Brother asked me to join them for
dinner; just right after my class as the college is also around the proximity. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">During
the meeting, I understand that the college owner is keen to offer CPA Australia
courses as he has good connection in Australia. He is looking for lecturers and
if possible a good team to run the show. At that time, I thought it might be a
good idea too. After all, I can handle one of the papers, Financial Reporting,
which is the toughest of all 6 papers in CPA. I said I will take it up. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">I
have totally no idea what this leads to but with some foresight now, <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">I
have found… a <span style="color: #e69138;">COLLEGE</span>.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Thinking
to myself, things are beginning to become clearer now.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">A good
team of lecturers, ALL in <span style="color: #e69138;">ONE COLLEGE</span>!<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Isn’t
that what all students are looking for? No more timetable clashes! No more
having to skip some classes to attend another! No more premium pricing or price
fixing! No need to sign up with different colleges for different papers! No
need to pay additional registration fees! Don’t have to battle the rush hour
traffic running from one college to another!<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Now
you have everything right under ONE roof.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Just
ONE college; The ideal college; The perfect location;<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">A
college for the STUDENTS.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Where
we gather all the great lecturers under one roof.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">In
that moment, analyzing all of the separate and seemingly unrelated events that
took place, <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Taking
cue from Steve Jobs famous quote, <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<br />
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">“All
the dots just CONNECT!”</span><span style="font-size: 12pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgojRXyXNQ15EEwBIQ0nXwcVDiKQ4vRGWHNmtsizTop-ZZbfIszkkA9e-PgpWS7K65FRGpyg6oycb4f6fHhc3lZlf0C6yXS53xL7FEW0AsgcQtSGcLjaPINxIPShsKYlfNlMYckOMKj0Aw/s1600/connect+the+dots.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="190" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgojRXyXNQ15EEwBIQ0nXwcVDiKQ4vRGWHNmtsizTop-ZZbfIszkkA9e-PgpWS7K65FRGpyg6oycb4f6fHhc3lZlf0C6yXS53xL7FEW0AsgcQtSGcLjaPINxIPShsKYlfNlMYckOMKj0Aw/s320/connect+the+dots.jpg" width="320" /></a></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Without
wasting time, I arranged to meet him, the college owner again. Strange as it
was, I should have just asked if he is interested to run ACCA on the phone,
rather than arranging a meeting, right?!<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">I
thought so too but anyway, we met at Starbucks. I sold him my vision of
gathering all of our team members to conduct ACCA. We will run CPA later too.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">He
agrees immediately.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">And,
I what’s app my <i>team members</i> and they
too agree on the spot.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">So,
that was how we started…<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Well,
some of you may be guessing the location. Unfortunately for now, we can only tell you that…<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
</div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif;"><b style="font-size: x-large;"><span style="color: #e69138;">COLLEGE</span> </b><b><span style="font-size: large;">IS A SHORT</span></b><b style="font-size: x-large;"> </b><b><span style="color: #00b050;"><span style="font-size: x-large;">5 MINUTES</span> </span></b></span><b><span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: large;">WALK FROM </span><span style="color: red; font-size: x-large;">KLCC LRT</span><span style="font-size: large;">!</span></span><span style="font-size: 18pt;"><o:p></o:p></span></b></div>
Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com2tag:blogger.com,1999:blog-800980313890817980.post-12286566470737115082015-09-30T01:01:00.001-07:002015-09-30T01:01:17.792-07:00Taking education to the future (Part 2)<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Few
months passed, everyone has been busy lecturing. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">My
former lecturer, now Associate Professor Say Sok Kwan and also the Dean of
Faculty at Tunku Abdul Rahman University College (TARUC) proposed that I
contribute video lectures to the university’s e-learning platform. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">I
would be delighted and I came up with a proposal. Tried to gather a few
lecturers who would be interested to contribute and finally only managed to get
two; one of them is Oviyan and the other is my former student, Gan. Well, sad
to say, the project didn’t materialize.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Anyway,
that didn’t matter. What really matter is that at least we tried. Most
lecturers are not ready for video production yet. I believe e-learning is the
way to go in the future!<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">My
acquaintance with Oviyan goes way back to Dec 2013. We also have common
students, my P2 and his P4. One day, one of them shared Oviyan’s Youtube videos
on my fb wall. I find the videos awesome and at least we have lecturers moving
into video production kind of thing. I didn’t know, I thought he was a lecturer
elsewhere, probably in UK but it is not as it seems. He has been lecturing in
Malaysia and some neighbouring Asean countries for some years; over a decade at
least.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">We
chat over fb messenger and were sharing ideas on e-learning capabilities, video
recordings, and many other online facilities available to lecturers. It turned
out that he also provides video lectures to his students. His friend is helping
him to administer the password access.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">At
one time, our students even thought I was the friend helping him on the video
password access. Honestly, we still think that there is further room for
improvement where e-learning is concerned. Nonetheless, the existing platform
is considered good enough, only that it takes too much precious time
administrating the password access and most lecturers can’t spare their time.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<br />
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Let’s
fast track to sometime during mid-May 2015, Oviyan sent me greetings of “Happy
Teacher’s Day.”</span><span style="font-size: 12pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJoonMAyOKXirhgsdKZ1dzn602cdKPGuKsZ7Ah0HJSaoQ-ryXbDZXqynXDYkvWesCXgvEKIMBmbAiP1oDIawL32SAXDrayGhjisq-yq301F2JwuBP9AbehwidTc4Vg1dW9pVTyxIh7k3c/s1600/happy+teacher%2527s+day.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJoonMAyOKXirhgsdKZ1dzn602cdKPGuKsZ7Ah0HJSaoQ-ryXbDZXqynXDYkvWesCXgvEKIMBmbAiP1oDIawL32SAXDrayGhjisq-yq301F2JwuBP9AbehwidTc4Vg1dW9pVTyxIh7k3c/s1600/happy+teacher%2527s+day.jpg" /></a></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Very
thoughtful, I thought. We receive plenty of Teacher’s day greetings from
students but not many of us send such greetings to our <i>colleagues</i>.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Wait
a minute! I suddenly think of him as my colleague when we have never even
lectured in the same college before. That set me thinking and I suddenly have a
glimpse of the future.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCxBhimAutX-ItaGIg2GMxyAZmgOEQEaizKEJM3ElqCUSgOyci9f5a-DUTAeCShUyZelmQ84FGZG1XqU-w5iUktR_K6PTABd_dtKxOtHcXa-m-ePDnScGelkxkw8mOGM5sPm0CiGW85ZM/s1600/abrahamlincoln.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCxBhimAutX-ItaGIg2GMxyAZmgOEQEaizKEJM3ElqCUSgOyci9f5a-DUTAeCShUyZelmQ84FGZG1XqU-w5iUktR_K6PTABd_dtKxOtHcXa-m-ePDnScGelkxkw8mOGM5sPm0CiGW85ZM/s320/abrahamlincoln.jpg" width="320" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com0tag:blogger.com,1999:blog-800980313890817980.post-28961590302401774312015-09-30T00:31:00.001-07:002015-09-30T00:31:48.629-07:00How it all began (Part 1)<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">The
day was January 2015. As the new semester unfolds, my ACCA classes have just
started. Everything was just the usual, nothing new, and classes were like
normal. It is always that when things look like the usual that a change is already
coming, waiting to reveal itself…</span><br />
<div class="MsoNormal">
<span style="font-size: large;"><br /></span></div>
<span style="font-size: large;"><br /></span>
<br />
<div class="MsoNormal">
<span style="font-size: 12.0pt; mso-bidi-font-size: 10.0pt;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: large;">I
received a WeChat message from Sivasathish asking for my timetable at Malvern
College as we often share common students taking both our papers. Little did I
know that at one time my P2 students were also in his P1 and P3 classes and
because our revision classes were conducted on the same days, he has to conduct
2 separate revision classes. He is so kind as to suggest that he will
accommodate my time despite having such hectic schedule himself.</span><o:p></o:p></span></span></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; mso-bidi-font-size: 10.0pt;"><br /></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLo_pI5WJzbKRLP7P2knRs1fS7qGhtC0HuqLKNJWqZ49PAA9cHyfE83lchvvAnBUmwps5n_-LM8lXk0EnsRCdvK9PoMQ2jz6SdgiRFyqPKt_Ji0xSVw5EprgrPE8qfBV5gmdvxtj9qYts/s1600/Screenshot_2015-09-18-09-08-49.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLo_pI5WJzbKRLP7P2knRs1fS7qGhtC0HuqLKNJWqZ49PAA9cHyfE83lchvvAnBUmwps5n_-LM8lXk0EnsRCdvK9PoMQ2jz6SdgiRFyqPKt_Ji0xSVw5EprgrPE8qfBV5gmdvxtj9qYts/s320/Screenshot_2015-09-18-09-08-49.png" width="180" /></a></div>
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<span style="font-size: 12.0pt; mso-bidi-font-size: 10.0pt;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">I
felt that I should be the one accommodating him instead but many times and in
fact all the time, I just have to accept the timetable handed to me by the
college. As often as it has been, our timetable always clashes.<o:p></o:p></span></span></div>
<div class="MsoNormal">
<span style="font-size: large;"><br /></span></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; mso-bidi-font-size: 10.0pt;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">But
unfortunately, my revision class and next semester’s timetable is not out yet. To
make him feel better, I also told him that I am recording my live classes and
have made available the recordings to all my students in the event that our
classes clashes. But then again, we know for a fact that students prefer the
live classes than recordings.<o:p></o:p></span></span></div>
<div class="MsoNormal">
<span style="font-size: large;"><br /></span></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; mso-bidi-font-size: 10.0pt;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Right
then, I can only hope for the best…<o:p></o:p></span></span></div>
<div class="MsoNormal">
<span style="font-size: large;"><br /></span></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; mso-bidi-font-size: 10.0pt;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">There
wasn’t much we can do or perhaps, <o:p></o:p></span></span></div>
<div class="MsoNormal">
<span style="font-size: large;"><br /></span></div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; mso-bidi-font-size: 10.0pt;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">just
perhaps,<o:p></o:p></span></span></div>
<div class="MsoNormal">
<span style="font-size: large;"><br /></span></div>
<div class="MsoNormal">
</div>
<div class="MsoNormal">
<span style="font-size: 12.0pt; mso-bidi-font-size: 10.0pt;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">maybe
there is <i>something</i> we could do. But
somehow, we never thought of it then.</span></span></div>
Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com1tag:blogger.com,1999:blog-800980313890817980.post-14068702095874631992015-01-23T18:42:00.001-08:002015-01-23T18:42:18.829-08:00So, who are we?<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><b>ACCA Asia-Pacific Lecturers Development Programme in
Singapore</b></span><o:p></o:p></div>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><b><br /></b></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">I have just come back from the
seminar. It was really a tiring and long full day; the entire day was filled
with talks after talks and food & drinks that got me so full after each
meal. I was finding it difficult to keep awake and attentive. Caffeine failed
to fuel my brain. I wonder if that is what my students felt each time they
attend my lectures :)<o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
<div class="MsoNormal">
</div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Tuition providers and lecturers,
mostly, lecturers are coming from Malaysia, China, Australia (Hmm, I thought
they already have CPA Australia and ICAA) and also not forgetting our
neighbour, Singapore, the host for this event.</span><o:p></o:p></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgQkKI-oGqR_V8mkYs7fYpIlEO5BWyfD2zZKThitQC4fAuxTQUAV_Y7mqbGJUccAjznqeRsaJInyZACskyGQOBHzhfPCRbx2EEd4hofnwCCWmwmW6n4YRw_Pg_07ch73Q7GR_rt_7WBL0/s1600/20150120_101229.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgQkKI-oGqR_V8mkYs7fYpIlEO5BWyfD2zZKThitQC4fAuxTQUAV_Y7mqbGJUccAjznqeRsaJInyZACskyGQOBHzhfPCRbx2EEd4hofnwCCWmwmW6n4YRw_Pg_07ch73Q7GR_rt_7WBL0/s1600/20150120_101229.jpg" height="240" width="320" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">There was an announcement made on
the recent collaboration between ACCA and UOL (University of London) for the
MSc. I tried to get some details from ACCA but every part of the MSc remains
confidential, confidential and confidential. I suppose it will be run just like
the OBU Degree where students need to submit an assignment of the sort.
However, I did feedback to them to watch the cost as ACCA students are very
price sensitive.<o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><span style="line-height: 115%;">One of the speaker Chun Wee for Integrated
Reporting <IR> steals the show with excellent depiction of the 2009 movie
“Avatar”; a fiction that mimics the reality </span><span style="line-height: 115%;">of threats faced by an indigenous community and</span><span style="line-height: 115%;"> further
associated it with the importance of <IR> for public acceptance of
company activities.</span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><span style="line-height: 115%;"><br /></span></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhA1F2D03Oqu-EhtKaudH6gSYDNQlDJn56PIbHe19CEwVFchbFGfLfclMDrPIqxO8btDTJ-6zqbxaeM9bkQ1RK1mBmgB1vmMCac99EYPIgO48FcdzvC54ZIX0wx-n9uRIhkCwo5zTdhcvw/s1600/IR.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhA1F2D03Oqu-EhtKaudH6gSYDNQlDJn56PIbHe19CEwVFchbFGfLfclMDrPIqxO8btDTJ-6zqbxaeM9bkQ1RK1mBmgB1vmMCac99EYPIgO48FcdzvC54ZIX0wx-n9uRIhkCwo5zTdhcvw/s1600/IR.jpg" height="320" width="248" /></a></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><span style="line-height: 115%;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Anyway, <IR> shall be
examined throughout all the ACCA papers. I heard from a lecturer that
<IR> was pilot-tested in P1 just last sitting (Dec 2014). Hey, watch out
for P2 next!<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><Well,
the original paragraphs have been edited as it reveals some confidential
questions being posed during the conference. Anyway, it got me thinking after
the conference on the core competences of a good Accountant. Somehow, I am of
the opinion that ACCA needs to stick to its core competences or perhaps
reinvent itself to be relevant in the industry><o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><Most
lecturers would agree with me that the introduction of Option papers seemed to
take away some of the core competences from ACCA students. Bearing in mind that
nowadays, most ACCA students got full exemption from all the 9 Foundation
papers. Exempted Degree holders are only left with 3 core papers (P1, P2 and
P3; with P2 being the only technical accounting paper) and a choice of 2 out of
4 options eg. P4 (Finance), P5 (Performance Management), P6 (Tax) and P7
(Audit). This leaves plenty of rooms for dropping any of the 2 competences,
possibly Audit and Tax><o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">I remember the time when ACCA
introduced Option papers and some lecturers just left the lecturing industry as
the numbers fell to almost one third. This drop was somehow due to the low
passing rate of their option papers and students being students go for ones
with higher passing. <This paragraph has been edited too><o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">It also struck me recently that
ACCA has been moving away from its core competences of Financial Accounting
Professionals. Supposing if P2 suddenly becomes an option paper, just like the
rest of the other technical papers. Then, the core papers are probably only P1
Corporate Governance and P3 Business Analysis making ACCA no different from any
Management Degree with major in selected fields of specialization. I see this
as being rather like an <b>IDENTITY CRISIS</b>
that ACCA students will face in the future. Are ACCA graduates Accounting or
Management grad?!!!<o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
</div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">I remember few years ago, I met
an employer and he hired an ACCA grad later to find out that not all ACCA grads
know tax planning. Worse, he found out later those core competences of
Accountants such as Tax, Audit, Performance Management and Finance have been
made option papers and the staff he hired did not opt for P6 Advanced Taxation.</span><o:p></o:p></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiatoCy5KWi5Rs8jecN-y3FnhguMztS46CSchyuhedNRUgu6KOOyf4Hlc4zZshf7WY2u63Qi8nuy8cS0JjnUm92_JHyndJEexjikj6xwNHTI1uHKR-rCQ8rE5LYkkk4g7gntEygTnBmtzw/s1600/you're%2Bfired.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiatoCy5KWi5Rs8jecN-y3FnhguMztS46CSchyuhedNRUgu6KOOyf4Hlc4zZshf7WY2u63Qi8nuy8cS0JjnUm92_JHyndJEexjikj6xwNHTI1uHKR-rCQ8rE5LYkkk4g7gntEygTnBmtzw/s1600/you're%2Bfired.jpg" height="240" width="320" /></a></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Unlike during my time where all
ACCA grads know Audit, Tax, Performance Management and Finance, fyi, we didn’t
have Option papers back then. To us, ACCA represents the Financial Accounting
professionals while CIMA represents the Management Accounting professionals and
CFA represents the Finance professionals. Presently, employers won’t even know
the specialization of the ACCA grad until they look at the result slips.</span><o:p></o:p></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Well, I just hope the ACCA team
and ACCA students alike get to read this and possibly ponder on these 2 short questions
I have:<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
<blockquote class="tr_bq" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">“When you shop for a smartphone,
do you go for one with more features or minimal features or worse, try your
luck on the kind of features you’ll get?”</span></blockquote>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">And,<o:p></o:p></span></div>
<blockquote class="tr_bq" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">“When you hire an Accountant, do
you go for one with more specializations or minimal specializations or worse,
ask the candidate for an interview to find out his/her specializations cos you
won’t know what you’ll get?”</span></blockquote>
<div class="MsoNormal" style="text-align: justify;">
</div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large; line-height: 115%;">To me, as with all employers, I expect a more versatile
Accountant.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><br /></span></div>
Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com0tag:blogger.com,1999:blog-800980313890817980.post-69520845364588841492014-10-01T20:51:00.002-07:002014-10-01T20:51:22.792-07:00<div class="MsoNormal" style="text-align: justify;">
<b><span style="color: #1f497d; font-size: 20.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;">What I asked at the GST Expo &
Conference 2014<o:p></o:p></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span style="color: #1f497d; font-size: 20.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;"><br /></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">The GST Expo kicked off today 1<sup>st</sup>
October 2014 and it was rather crowded considering it being a working day. My
interest was centered on finding good GST compliant accounting software but only
managed to ask 3 vendors: SQL, QnE & Wavelet due to my time rush. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">Hopefully, this feedback could
prove useful to you all. Please do leave a comment if you have anything to add
on…<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">I don’t claim to be an expert in
GST or Tax and only took about a day to pick up some pointers here and there
from Google and my student, Helen Phang to help clarify some technical terms.
So, do help to correct me for any unintended mistakes and inaccuracy if any.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">I got requests from some students
regarding which accounting software is good and GST compliant. Thus, I have
listed some questions which you may be asking when shopping for GST compliant accounting
software (You need some basic knowledge of GST to understand the software
system requirements):<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoListParagraphCxSpFirst" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-latin; mso-themecolor: text2;">1.<span style="font-size: 7pt; font-weight: normal; line-height: normal;"> </span></span></b><!--[endif]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;">Auto calculate GST
for Sales amount and/or auto include GST within the Sales figure function<o:p></o:p></span></b></div>
<div class="MsoListParagraphCxSpFirst" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;">
<b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;"><br /></span></b></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">Most software will auto
calculate the 6% GST based on the sales amount but some software may be less
flexible when you want to absorb the GST for your customer. For example,
Selling price is $100 and GST should be $6 (6% X $100) but if you absorb the
GST then the customer only pays you $100 but you still need to allocate for 6%
of GST. Thus, the system should be able to auto INCLUDE GST (Sales $94.34 and
6% GST $5.66). SQL and MYOB have such feature. Also check other software as I
didn’t managed to ask them.</span><b><span style="color: #1f497d; font-size: 16.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;"><o:p></o:p></span></b></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-latin; mso-themecolor: text2;">2.<span style="font-size: 7pt; font-weight: normal; line-height: normal;"> </span></span></b><!--[endif]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;">Most GST compliant
software can autofill all your data for the GST 3 Form to be submitted to
Customs every quarterly?<o:p></o:p></span></b></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;">
<b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;"><br /></span></b></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">Companies are required to
submit quarterly GST 3 Summary Report to Customs and each GST transaction needs
to be grouped into specific categories in accordance with their standardized
form. If the software doesn’t have this feature then the poor Accounts
Assistant has to manually categorize and fill in the forms every 3 months, a
very daunting task indeed. SQL, MYOB and Tally.ERP9 have such features and
perhaps some others also have.<o:p></o:p></span></div>
<b><span style="color: #1f497d; font-family: "Calibri","sans-serif"; font-size: 14.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-themecolor: text2;"><br clear="all" style="mso-special-character: line-break; page-break-before: always;" />
</span></b>
<br />
<div class="MsoNormal">
<b style="text-align: justify; text-indent: -0.25in;"><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-latin; mso-themecolor: text2;">3.<span style="font-size: 7pt; font-weight: normal; line-height: normal;"> </span></span></b><b style="text-align: justify; text-indent: -0.25in;"><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;">GST kept for at
least 7 years?</span></b></div>
<div class="MsoNormal">
<b style="text-align: justify; text-indent: -0.25in;"><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;"><br /></span></b></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">GST records should be kept
for a minimum of 7 years and Customs may request you to provide a detailed listing
of all this transactions. Check that your remote server or cloud computing
allows your records to be stored for such long period, taking into
consideration the volume of your transactions, storage space, storage costs,
etc.<o:p></o:p></span></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-latin; mso-themecolor: text2;">4.<span style="font-size: 7pt; font-weight: normal; line-height: normal;"> </span></span></b><!--[endif]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;">GST Audit File
(GAF) format for tax audit by Customs<o:p></o:p></span></b></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;">
<b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;"><br /></span></b></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">Customs may request you to
provide a detailed listing of all transactions via a fixed formatted text file GST
Audit File (GAF) that can be submitted online via customs GST portal to assist their
audit. This file is automatically generated.</span><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;"> <o:p></o:p></span></b></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-latin; mso-themecolor: text2;">5.<span style="font-size: 7pt; font-weight: normal; line-height: normal;"> </span></span></b><!--[endif]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;">Which server;
either Microsoft SQL or Firefox or ‘whatever’?<o:p></o:p></span></b></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;">
<b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;"><br /></span></b></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">Your data would be stored in
their servers and they could be running on Microsoft SQL or Firefox or
something. Check how much do the vendors charge annually for data storage. You
should also check the processing capacity of the servers and I heard that Microsoft
SQL handles large data well. Not too sure about others. Not much of an IT geek,
can someone please comment further, thanks.</span><b><span style="color: #1f497d; font-size: 16.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;"><o:p></o:p></span></b></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-latin; mso-themecolor: text2;">6.<span style="font-size: 7pt; font-weight: normal; line-height: normal;"> </span></span></b><!--[endif]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;">Keeping track of
the 21 Days rule<o:p></o:p></span></b></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;"><br /></span></b></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">Tax Invoice must be issued
within 21 days after the D.O. or services performed. Most system can’t keep
track of the 21 days and send a reminder for you to track and prevent any late
issue of invoice. QnE can track the 21 days. Others probably can too.<span style="color: #1f497d; mso-themecolor: text2;"><o:p></o:p></span></span></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-latin; mso-themecolor: text2;">7.<span style="font-size: 7pt; font-weight: normal; line-height: normal;"> </span></span></b><!--[endif]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;">Bad Debt relief
adjustment<o:p></o:p></span></b></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;"><br /></span></b></div>
<div class="MsoListParagraphCxSpMiddle" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">You have
included GST for Tax Invoice but that customer failed to pay you and became a
bad debt but you have already paid the GST portion on his behalf. The software
should allow you to list out such GST amount for you to get a refund.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">If later on after 180 days,
the same customer pays you back the amount, then, you need to be able to track
back the bad debts and pay back again that portion of GST to Customs.<o:p></o:p></span></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-latin; mso-themecolor: text2;">8.<span style="font-size: 7pt; font-weight: normal; line-height: normal;"> </span></span></b><!--[endif]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;">Generate
Notification letter for Bad debts relief<o:p></o:p></span></b></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;"><br /></span></b></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">When you claim back the GST
for Bad debts, the system should be able to generate out a Notification letter
for Bad debts relief to be sent to your customer. QnE can print out such
Letter. I am not sure but I think others may not.</span><b><span style="font-size: 16.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><o:p></o:p></span></b></div>
<b><span style="color: #1f497d; font-family: "Calibri","sans-serif"; font-size: 14.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 11.0pt; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-themecolor: text2;"><br clear="all" style="mso-special-character: line-break; page-break-before: always;" />
</span></b>
<br />
<div class="MsoNormal">
<b style="text-align: justify; text-indent: -0.25in;"><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-latin; mso-themecolor: text2;">9.<span style="font-size: 7pt; font-weight: normal; line-height: normal;"> </span></span></b><b style="text-align: justify; text-indent: -0.25in;"><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;">The system should
already have all the 23 Tax Codes and most have more (up to 30 Tax Codes) to
allow for different circumstances e.g. purchase for own use</span></b></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">There is a total of 23 Tax
Codes eg. Purchases exempted from GST, Purchases (GST not claimable), Sales
(GST not claimable), etc. and you should be able to set for each customer
regarding their GST status, the same applies to suppliers as some input tax may
not be claimable while others are claimable. The big problem with this is that
the same supplier may sell you goods which are GST claimable and also other
goods which are not GST claimable. Your system should be able to handle the
different combination well for different customers, suppliers and also GST
claimable and not claimable goods. If you are selling to a Labuan customer,
then, you can’t charge the customer GST at all.<o:p></o:p></span></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;">
<!--[if !supportLists]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-latin; mso-themecolor: text2;">10.<span style="font-size: 7pt; font-weight: normal; line-height: normal;">
</span></span></b><!--[endif]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;">The system should automatically enter the double entry
for Input tax, Output tax, Payable tax, etc.<o:p></o:p></span></b></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -.25in;">
<b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;"><br /></span></b></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">Another issue is that sometimes
goods are purchased for own use, then, you can’t claim the GST but have to
charge it as part of your expenses or capitalized within asset purchased. The
system should be able to handle the journal entries. Claimable GST (Input tax)
should be capitalized as an asset while Payable GST (Output tax) is recognised
as liability (not tax expense). However, GST paid to supplier that is not
claimable is recognised as expense. I know this gets very confusing so get some
help if you don’t get this…</span><b><span style="color: #1f497d; font-size: 16.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;"><o:p></o:p></span></b></div>
<div class="MsoListParagraph" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoListParagraph" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-latin; mso-themecolor: text2;">11.<span style="font-size: 7pt; font-weight: normal; line-height: normal;">
</span></span></b><!--[endif]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;">Convert from DO to invoice or POS to invoice? Which is
better?</span></b></div>
<div class="MsoListParagraph" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;"><br /></span></b></div>
I heard that some system can do automated data entry from the point of sales. Meaning to say, there is no need to key in the data for sales. I don’t how it works as the technical guy was busy showing others and I didn’t get a chance to see how. Furthermore, it handles Point of Sales from many branches and allow for group reporting of GST. Wavelet has that function and uses cloud computing.<div class="MsoListParagraph" style="margin: 0in 0in 0.0001pt 0.25in; text-align: left; text-indent: -0.25in;">
<span style="font-size: 12pt; line-height: 115%; text-align: justify;"><br /></span></div>
<div class="MsoListParagraph" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-latin; mso-themecolor: text2;">12.<span style="font-size: 7pt; font-weight: normal; line-height: normal;">
</span></span></b><!--[endif]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;">E-voucher claim<o:p></o:p></span></b></div>
<div class="MsoListParagraph" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;"><br /></span></b></div>
Make sure you claim RM1,000 when you purchase the GST compliant accounting software. Ask the vendor how to claim otherwise you might end up paying the full price of the software.<div>
<b style="text-align: justify; text-indent: -0.25in;"><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-latin; mso-themecolor: text2;"><br /></span></b></div>
<div>
<b style="text-align: justify; text-indent: -0.25in;"><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-latin; mso-themecolor: text2;">13.<span style="font-size: 7pt; font-weight: normal; line-height: normal;">
</span></span></b><b style="text-align: justify; text-indent: -0.25in;"><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;">iPad, Android access</span></b><div class="MsoListParagraph" style="margin-bottom: .0001pt; margin-bottom: 0in; margin-left: .25in; margin-right: 0in; margin-top: 0in; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;"><br /></span></b></div>
Most systems runs on multiple devices such as iPad or iPhone, Android devices as well as Window based computers. Better check with the vendors and test where possible. One freelancer I met that day told me his client complained about the font size of the reports which is too small for his eyes and that is why he used QnE as there is a magnifying function. However, the client still complained about it every now and then. Using other touch screen devices may help to magnify the figures in the reports.<div class="MsoNormal" style="margin-left: .5in; text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoListParagraphCxSpFirst" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-font-size: 11.0pt; mso-bidi-theme-font: minor-latin; mso-themecolor: text2;">14.<span style="font-size: 7pt; font-weight: normal; line-height: normal;">
</span></span></b><!--[endif]--><b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;">Free training 6 months to one year<o:p></o:p></span></b></div>
<div class="MsoListParagraphCxSpFirst" style="margin-left: .25in; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -.25in;">
<b><span style="color: #1f497d; font-size: 14.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt; mso-themecolor: text2;"><br /></span></b></div>
<div class="MsoListParagraphCxSpLast" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">Also check
out the free training offered by vendors; which ranges from 6 months to one
year. Mostly they limit to one or two staff and will charge for any additional
staff. This has always been a problem because staff turnover is very high for
companies. I know that UBS becomes popular as the training is widely available
in Malaysia. Better to go for one where training is solid and well supported.
But I was surprised that UBS and Sage were not represented in the Expo.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<br />
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">Hope the above information helps.
Happy software hunting!<o:p></o:p></span></div>
</div>
Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com1tag:blogger.com,1999:blog-800980313890817980.post-49118358245787774922014-05-21T20:26:00.001-07:002014-05-21T20:26:23.301-07:00<div class="MsoNormal">
<span style="font-family: "Arial","sans-serif"; font-size: 10.0pt; line-height: 115%;">Exam Guide June 2014 (P2 Corporate Reporting) by Joe Fang<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">Topics<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">Question 1<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: Arial;">(a)<span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">Consolidated
Financial Statements (Do not Spot!)<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">Group cash flows <o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">Vertical/Mixed group<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">Foreign operation (Closing Rate
method)<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">Piecemeal acquisition<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">Disposal<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">Accounting standards integrated in Consolidated
Financial Statements (At least 3 from below):<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IAS 16 Property, Plant and Equipment<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IAS 38 Intangible Assets<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IAS 19 Employee Benefit<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 9.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IAS 21 </span><span lang="EN-MY" style="font-family: "NewsGothBT","sans-serif"; font-size: 9.0pt; mso-ansi-language: EN-MY; mso-bidi-font-family: NewsGothBT; mso-bidi-font-size: 10.0pt;">The Effects of
Changes in Foreign Exchange Rates</span><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;"><o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IAS 28 </span><span lang="EN-MY" style="font-family: "NewsGothBT","sans-serif"; font-size: 9.0pt; mso-ansi-language: EN-MY; mso-bidi-font-family: NewsGothBT; mso-bidi-font-size: 10.0pt;">Investments in
Associates and Joint Ventures</span><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;"><o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IAS 37 Provisions, Contingent
Liabilities and Assets<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IFRS 9 Financial Instruments<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 9.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IFRS 2 Share Based Payments<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: Arial;">(b)<span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">Theoretical
element on group context<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IFRS 8 Operating Segment<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IFRS 9 Financial Instruments<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 9.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IFRS 3 Business Combinations<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IFRS 11 Joint Venture Arrangement<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IFRS 10 Consolidated Financial
Statements<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IFRS 13 Fair Value Measurement<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: Arial;">(c)<span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">Ethics<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">Explain the difference between being
ethical and mere compliance of the Accounting Standards<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">The case mentioned contains element
of “Creative accounting” to mislead financial user<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 9.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">Student need to address the
unethical behavior or accounting treatment proposed by the Director<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">Recommend a proposed solution<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">Question 2 <o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">(1 or 2 Accounting standard(s) )<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">At least 6 of the followings:<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 9.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IAS 10 Post Reporting Events<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 9.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IAS 12 Taxation<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 9.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IAS 16 Property, Plant and Equipment<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IAS 17 Lease<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IAS 18 Revenue<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IAS 19 Employee Benefit<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IAS 24 Related Party Transactions<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IAS 36 Impairment of Assets<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IAS 37 Provisions, Contingent
Liabilities and Assets<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IAS 38 Intangible Assets <o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IFRS 9 Financial Instruments<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IFRS 11 Joint Venture Arrangement<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IFRS 10 Consolidated Financial
Statements<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IFRS 3 Business Combination<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">Question 3<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">(At lease 4 Accounting Standards)<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">Question 4<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">IFRS 9 – Draft Chapter 6 Hedge
Accounting<o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">ED </span><span lang="EN-MY" style="font-family: "NewsGothBT","sans-serif"; font-size: 9.0pt; mso-ansi-language: EN-MY; mso-bidi-font-family: NewsGothBT; mso-bidi-font-size: 10.0pt;">Revenue from
contracts with customers</span><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;"><o:p></o:p></span></div>
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</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">ED </span><span lang="EN-MY" style="font-family: "NewsGothBT","sans-serif"; font-size: 9.0pt; mso-ansi-language: EN-MY; mso-bidi-font-family: NewsGothBT; mso-bidi-font-size: 10.0pt;">Investment Entities</span><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 9.0pt; mso-ansi-language: EN-MY; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;">ED </span><span lang="EN-MY" style="font-family: "NewsGothBT","sans-serif"; font-size: 9.0pt; mso-ansi-language: EN-MY; mso-bidi-font-family: NewsGothBT; mso-bidi-font-size: 10.0pt;">Financial
Instruments: Amortised Cost and Impairment (inc<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 9.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "NewsGothBT","sans-serif"; font-size: 9.0pt; mso-ansi-language: EN-MY; mso-bidi-font-family: NewsGothBT; mso-bidi-font-size: 10.0pt;">expected loss approach)</span><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 9.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "NewsGothBT","sans-serif"; font-size: 9.0pt; mso-ansi-language: EN-MY; mso-bidi-font-family: NewsGothBT; mso-bidi-font-size: 10.0pt;">ED Improvements to IFRSs</span><span style="font-family: "Arial","sans-serif"; font-size: 9.0pt; mso-bidi-font-size: 10.0pt;"><o:p></o:p></span></div>
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Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com0tag:blogger.com,1999:blog-800980313890817980.post-970586220352639452014-04-28T20:04:00.002-07:002014-04-28T20:04:07.152-07:00<div class="MsoNormal">
<span lang="EN-MY">Exam Guide for June 2014 (F7 Financial
Reporting)<o:p></o:p></span></div>
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<span lang="EN-MY">Question 1<o:p></o:p></span></div>
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<span lang="EN-MY">Consolidated SOFP<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Parent and Subsidiary<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Calculation of Full goodwill<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Fair value adjustment and additional depreciation<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Unrealised profits<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Goods in transit<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">NCI Calculation<o:p></o:p></span></div>
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<span lang="EN-MY">Consolidated SOPL<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Parent, Subsidiary<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Fair value adjustment and additional
depreciation<o:p></o:p></span></div>
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</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Calculation of Full goodwill<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Unrealised profits<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Inter company interest income/expense
cancellation<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Apportionment of Other Comprehensive Income
between Parent’s shareholders and NCI<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">NCI calculation<o:p></o:p></span></div>
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<span lang="EN-MY">Question 2<o:p></o:p></span></div>
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<span lang="EN-MY">Preparation of SOFP, SOPL and SOCE<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Depreciation adjustment i.e. straight line
and reducing balance<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Nominal interest vs effective interest;
Calculation of Amortised cost for Loan payable<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Revenue and Cost of Sales adjustments i.e.
Sale or return, Agent vs Principal income recognition (IAS 18 Revenue)<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Current Tax and Deferred Tax adjustment
(IAS 12 Taxation)<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Dividend calculation<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Accounting standards (Two of the
followings):<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">IAS 8 Accounting policies, changes in
estimates and errors (Fraud)<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">IAS 33 Earnings per share<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">IAS 36 Impairment of Assets<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">IAS 38 Intangible Asset<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">IAS 32 Financial Instruments:Presentation
(convertible loan note)<o:p></o:p></span></div>
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<span lang="EN-MY">Question 3<o:p></o:p></span></div>
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<span lang="EN-MY">Statement of Cash Flows<o:p></o:p></span></div>
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<span lang="EN-MY">Ratio analysis<o:p></o:p></span></div>
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<span lang="EN-MY">Question 4<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-fareast-font-family: Arial;">(a)<span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">Accounting
concepts i.e. Faithful representation, Accrual, Relevance, etc. from the Conceptual
Framework for Financial Reporting<o:p></o:p></span></div>
<div align="left" class="MsoListParagraphCxSpMiddle" style="margin-bottom: 0.0001pt; text-indent: -0.25in;">
<!--[if !supportLists]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-fareast-font-family: Arial;">(b)<span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">One or
more of the following standards:<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">IAS 10 Post Reporting Period Events</span><span lang="EN-MY"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">IFRS 5 Non-current Assets Held for sale and
Discontinued operation</span><span lang="EN-MY" style="font-family: "Arial","sans-serif";"><o:p></o:p></span></div>
<div align="left" class="MsoListParagraphCxSpMiddle" style="margin-bottom: 0.0001pt; text-indent: -0.25in;">
<!--[if !supportLists]--><span lang="EN-MY">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">IAS 37
Provisions, Contingent liabilities and assets </span><span lang="EN-MY" style="font-family: "Arial","sans-serif";"><o:p></o:p></span></div>
<div align="left" class="MsoListParagraphCxSpLast" style="margin-bottom: 0.0001pt; text-indent: -0.25in;">
<!--[if !supportLists]--><span lang="EN-MY">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">IAS 32 Financial
instruments: Presentation</span><span lang="EN-MY" style="font-family: "Arial","sans-serif";"><o:p></o:p></span></div>
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<span lang="EN-MY">Question 5<o:p></o:p></span></div>
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<div class="MsoListParagraphCxSpFirst" style="margin-bottom: 0.0001pt;">
<span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">One or more of the
following standards:<o:p></o:p></span></div>
<div align="left" class="MsoListParagraphCxSpMiddle" style="margin-bottom: 0.0001pt; text-indent: -0.25in;">
<!--[if !supportLists]--><span lang="EN-MY">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">IAS 8 Accounting policies, changes in
estimates and errors</span><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-bidi-font-size: 11.0pt;"> </span><span lang="EN-MY" style="font-family: "Arial","sans-serif";"><o:p></o:p></span></div>
<div align="left" class="MsoListParagraphCxSpMiddle" style="margin-bottom: 0.0001pt; text-indent: -0.25in;">
<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt; mso-bidi-font-size: 11.0pt;">IAS 36 Impairment
of assets</span><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">
<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-MY" style="font-size: 10.0pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;">-<span style="font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-MY" style="font-family: "Arial","sans-serif"; font-size: 10.0pt;">IAS 38 Intangible Assets<o:p></o:p></span></div>
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Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com0tag:blogger.com,1999:blog-800980313890817980.post-66037694792579208432013-11-25T01:03:00.000-08:002013-11-25T01:14:54.948-08:00P2 Dec 2013 exam Tips<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><b>Exam Guide Dec 2013 (P2 Corporate Reporting)</b></span><br />
<b style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: large;">Question 1</span></b><br />
<span style="font-family: Arial, Helvetica, sans-serif;">(a) Consolidated Financial Statements (Do not Spot!)</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Vertical/Mixed group</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Foreign operation (Closing Rate method)</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Piecemeal acquisition</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Disposal</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Group cash flows</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">Accounting standards integrated in Consolidated Financial Statements (At least 3 from below):</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 16 Property, Plant and Equipment</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 36 Impairment of Assets</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 38 Intangible Assets</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 19 Employee Benefit</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 21 The Effects of Changes in Foreign Exchange Rates</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 28 Investments in Associates and Joint Ventures</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 37 Provisions, Contingent Liabilities and Assets</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IFRS 9 Financial Instruments</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">(b) Theoretical element on group context</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IFRS 9 Financial Instruments</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IFRS 3 Business Combinations</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IFRS 13 Fair Value Measurement</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IFRS 11 Joint Venture Arrangement</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IFRS 10 Consolidated Financial Statements</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 27 Separate Financial Statements</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Analysis on the group cash flows</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Difference between direct and indirect method</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">(c) Ethics</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Explain the difference between being ethical and mere compliance of the Accounting Standards</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- The case mentioned contains element of “Creative accounting” to mislead financial user</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Student need to address the unethical behavior or accounting treatment proposed by the Director</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Recommend a proposed solution</span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><b>Question 2</b></span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">(1 or 2 Accounting standard(s) )</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">At least 6 of the followings:</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Restructuring: Transfer of Subsidiary to Sub-subsidiary or vice versa (Refer Q2 Dec 2011)</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 10 Events after reporting date</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 16 Property, Plant and Equipment</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 17 Lease</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 18 Revenue</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 24 Related party disclosures</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 38 Intangible Assets</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 19 Employee Benefit</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IFRS 2 Share Based Payment</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 37 Provisions, Contingent Liabilities and Assets</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IFRS 9 Financial Instruments</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IFRS 11 Joint Venture Arrangement</span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><b>Question 3</b></span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">(At lease 4 Accounting Standards)</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IFRS 10 Consolidated Financial Statements</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IFRS 12 Disclosure of Interest in other entities</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IFRS 13 Fair Value Measurement</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 27 Separate Financial Statements</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IFRS 5 Assets Held for Sale</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IFRS 3 Business Combination</span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><b>Question 4</b></span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IFRS 9 – Draft Chapter 6 Hedge Accounting</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- ED Revenue from contracts with customers</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- ED Investment Entities</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- ED Financial Instruments: Amortised Cost and Impairment (inc</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- expected loss approach)</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- ED Improvements to IFRSs</span>Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com0tag:blogger.com,1999:blog-800980313890817980.post-68466691373527094322013-11-25T00:59:00.000-08:002013-11-25T00:59:07.489-08:00F7 Tips for Dec 2013 exam<b><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Exam Guide for Dec 2013 (F7 Financial Reporting)</span></b><br />
<b><span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Question 1</span></b><br />
<span style="font-family: Arial, Helvetica, sans-serif;">Consolidated SOPL&OCI and SOFP</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Parent and Subsidiary</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Calculation of Full goodwill</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Pro-rated income for Sub</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Unrealised profits</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Apportionment for Other Comprehensive Income between Parent’s shareholders and NCI</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- NCI Calculation</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">Consolidated SOPL</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Parent, Subsidiary</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Fair value adjustment and additional depreciation</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Calculation of Full goodwill</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Unrealised profits</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Inter company interest income/expense cancellation</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Apportionment of Other Comprehensive Income between Parent’s shareholders and NCI</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- NCI calculation</span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Question 2</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">Preparation of SOFP, SOPL and SOCE</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Depreciation adjustment i.e. straight line and reducing balance</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Nominal interest vs effective interest; Calculation of Amortised cost for Loan payable</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Revenue and Cost of Sales adjustments i.e. Sale or return, Agent vs Principal income recognition (IAS 18 Revenue)</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Current Tax and Deferred Tax adjustment (IAS 12 Taxation)</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Dividend calculation</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Accounting standards (Two of the followings):</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 8 Accounting policies, changes in estimates and errors (Fraud)</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 17 Lease (Finance lease wrongly treated as operating lease)</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 36 Impairment of Assets</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 38 Intangible Asset</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 32 Financial Instruments:Presentation (convertible loan note)</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IFRS 5 Disposal of Non-current asset and Discontinued operation</span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Question 3</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">Statement of Cash Flows</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">Combination of cash flows and Ratio analysis</span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Question 4</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">(a) Accounting concepts i.e. Faithful representation, Accrual, Relevance, etc. from the Conceptual Framework for Financial Reporting</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">(b) One or more of the following standards:</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 10 Post Reporting Period Events</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 38 Intangible Assets</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 17 Lease</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- Substance over From</span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Question 5</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">One or more of the following standards:</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 36 Impairment of assets</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 32 Financial instruments: Presentation</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IAS 37 Provisions, Contingent liabilities and assets</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">- IFRS 3 Business Combination</span>Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com0tag:blogger.com,1999:blog-800980313890817980.post-54092246524198404682013-08-08T23:42:00.001-07:002013-08-08T23:42:57.890-07:00When I was a college kid (Part 3)
<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">When we meet failure, we have to
look from ourselves to find where we went wrong. But before we can think
rationally, the moment we receive our results we will be overwhelmed by
emotions. If it is a pass, we will be overjoyed and if it is a fail, frustration
and negativity shall loom. We have to get over that emotion first before we can
think straight and rationally.<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">Confiding in someone allows us to
pour out our feelings. Frustration, anger, sadness and all the negative
emotions have to manifest first before calmness can ever appear. Once we have
accepted the result then only can we correct our mistakes. We need a clear mind
to think unbiasly.<o:p></o:p></span></span></span></div>
<span style="font-size: large;"><span style="color: black;">
<span style="font-family: Calibri;">ACCA’s toughest test is not the
exam questions but the test of accepting failure sometimes and picking up yourself
again in the shortest possible time and telling yourself you are okay and then,
continue your journey again. This time choose a different path. <o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="color: black; font-family: Calibri; font-size: large;">A quote from Albert Einstein: </span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">‘<i style="mso-bidi-font-style: normal;">Insanity is repeating the same mistakes and expecting different results’.</i><o:p></o:p></span></span></span></div>
<span style="font-size: large;"><span style="color: black;">
<span style="font-family: Calibri;">Sometimes, students thought I
would be annoyed if they choose another lecturer and they avoided me. I know
most lecturers have small heart but not me. If I can’t help you to pass, I will
definitely encourage you to choose another lecturer. Every lecturer has his or
her own strength and perhaps that strength is the weakness that you are trying
to overcome. Student always tell me that my strength is in consolidation and
exam technique.<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">When you wanted to know more
about a particular topic, you won’t buy books written by only one author. If
fact your shelf would be filled with books from many different authors. So, why
limit yourself to only one particular lecturer. Different lecturers would give
you different insights. What matters most is that you PASS.<o:p></o:p></span></span></span></div>
<span style="font-size: large;"><span style="color: black;">
<span style="font-family: Calibri;">You need all the help you can get
and rest assured that I will give you my full support. Just that at times I am
constrained by the system. At one hand I wanted to offer help for free and at
the same time I also have paying students. Still I need to earn a living and I
hope that one day I could offer my lectures for free but then again this would
affect the livelihood of other lecturers and colleges. You just can’t please
everybody.<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">I gave it very deep thought and I
need to differentiate paying from non-paying students and that is why I have
created two groups in Facebook i.e. F7Dec2013 and P2Dec2013 groups. I will post
my slides and answer any questions posted where the public can view. However, I
may have to encrypt some video files uploaded to be viewed exclusively only by
paying students. <o:p></o:p></span></span></span></div>
<span style="font-size: large;"><span style="color: black;">
<span style="font-family: Calibri;">Some students told me that I have
focussed too much on calculation and I have accepted my mistake and that is why
I have changed my style to focus on explaining the accounting standards and
unfortunately this has taken up the time to do more past year questions.
However, I found that most students like it better when the standards are
explained. In fact, most of the explanation could be found in study texts. You
just can’t have the best of everything. There is always a trade-off.<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">This time round I have added
Powerpoint slides in my lecture and gave the slides hand-out to students before
the class to reduce note taking. I have centred my lecture on explaining the
reasoning behind the accounting standards rather than focusing purely on doing
questions in class. Where possible I would squeeze in a question or two. I was
hoping to do more videos on past year questions but it is really taking a long
time and effort. Sometimes, I wonder if students have time to view all the
videos.<o:p></o:p></span></span></span></div>
<span style="font-size: large;"><span style="color: black;">
<u><span style="font-family: Calibri;">Result day<o:p></o:p></span></u></span></span><br />
<span style="font-size: large;"><span style="color: black;">
<span style="font-family: Calibri;">It was result day yesterday and
my mood is very difficult to explain. It is complicated. I was on my smartphone
almost the entire day. When I hear passes, I share their joy and when I hear
failure, I share their sadness. <o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">I remembered back to the time I
failed my exam. During my time, I have to retake all 3 papers including the
ones I already pass. It was very disappointing when you can’t get to keep the
paper that you pass. That is why most students gave up ACCA in the end. I have
a friend who sat for 3 sittings and pass a different paper each sitting but
ended up with not a single pass. He was born at the wrong generation; he would already
be an ACCA if he sat for the papers now.<o:p></o:p></span></span></span></div>
<span style="font-size: large;"><span style="color: black;">
<span style="font-family: Calibri;">Failing exam hurts very much that
nothing can heal that feeling. The worst part is when your friends ask you for
your result. Sometimes, you just wish they won’t ask as you don’t even want to
talk about it, not least being reminded about it. That is why I won’t ask my
students and if there is good news, they will definitely tell me.<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">Every lecturer will feel guilty
when their students didn’t do well. We just wish that there is something we can
do to help. Every bad news is like a needle piercing through my heart, even
when the student passes at the subsequent sitting the scar is always there. I
always hope that the pass could come at the first attempt.<o:p></o:p></span></span></span></div>
<span style="font-size: large;"><span style="color: black;">
<span style="font-family: Calibri;">When I receive the bad news on my
result, I felt that I just wanted to be alone and go away to another universe if
possible, far away from any living soul. Let me live there forever, not having
to face any single person any longer. It took me a while to recover and realise
that leaving this world would do me no good. Some more it is impossible. Then,
the most I could do is to lock myself up in my room and never ever to come out.<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">I realised that we all have felt
that kind of feeling before, at some point in our life. I just couldn’t hold
myself together because ACCA means a lot to me, it is my life, my pride and it
is what I live for. It is a passport for poor people like me to have a better
life. I bet my life for this, I quit my job, I used up my savings and I am
devastated. Tears won’t do me any good because it can’t change my result. I was
so close and yet so far. It was the final 3 papers.<o:p></o:p></span></span></span></div>
<span style="font-size: large;"><span style="color: black;">
<span style="font-family: Calibri;">The days passed and my mood didn’t
get any better. It was difficult to get over that very strong emotion that I am
a loser, I am good at nothing. I wanted to erase all this from my memory and it
was very torturing. I woke up each day facing the same emotion day after day.
The emotion gets worse each day.<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">Finally, I looked into the mirror.
I was in such an agony situation. What have become of me?<o:p></o:p></span></span></span></div>
<span style="font-size: large;"><span style="color: black;">
<span style="font-family: Calibri;">Then, the defining moment came, I
feel that emotion deep in my heart, I feel the pain, so unbearable, how much it
hurts me, how much suffering I have endured and I tell myself, yes I told
myself, “ENOUGH IS ENOUGH! This is the LAST TIME I am going to have this
feeling. I ACCEPT the result but this is not the end. I still BELIEVE I am BETTER
and VERY MUCH BETTER than what they mark me as. I am going to show them, <o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: x-large;"><span style="line-height: 115%; mso-bidi-font-size: 11.0pt;"><strong>I AM ACCA material.”</strong></span><o:p></o:p></span></span></span></div>
<span style="font-size: large;"><span style="color: black;">
<span style="font-family: Calibri;">I pulled myself together. I have
a choice and I choose to fight rather than give up. This is only a temporary setback
and I will come back again. And I will come back stronger. I ask myself what I
did wrong. I looked back to my books and I can’t see my mistakes. I searched
everywhere but I couldn’t find it. I didn’t sit for exam the next sitting. <o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">I continue my lecturing and put
aside my ACCA dream. I went on to fulfil my students’ dreams. I was lecturing
LCCI Business Statistics. It was almost a year I kept this within my heart.
Every once in a while, it (ACCA dream) felt like wanting to explode out of my
heart. But I have to contain it until a suitable time comes.<o:p></o:p></span></span></span></div>
<span style="font-size: large;"><span style="color: black;">
<span style="font-family: Calibri;">The feeling is like you have an
unfinished business waiting for you. Every day the feeling grows and you just
can’t hide it. Just can’t get rid of it. It is like ACCA keep on calling you. Do
you know before my time, ACCA was actually known as CACA. Many people made a
joke of it saying it stands for ‘Come Again, Come Again’. Perhaps, that is why
it was renamed ACCA later.<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">Anyway, looking back it was kind
of fated that I took a break from ACCA. Sometimes, we need to come out of the ‘problem’
in order to see things clearly. It was like suddenly the burden was lifted. <o:p></o:p></span></span></span></div>
<span style="font-size: large;"><span style="color: black;">
<span style="font-family: Calibri;">When you are far apart from what
you used to pursue, you see yourself clearer, you see what matters most to you,
only then, you know what you wanted most of all. When two lovers are far apart,
absence makes the heart grow fonder. Then only you know ACCA and you are made
for each other. ACCA completes you.<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">Tell this to your friends who
have just pass ACCA. They will tell you that all those sufferings, torture,
tears, frustrations are all worth it because they just can’t explain to you the
feeling that they are having now once they pass. It is like when something hurts
the deepest, that something also brings the greatest joy you have ever
experienced. I jumped up in the air when I receive my final results later. Well,
I will save that for my next story.<o:p></o:p></span></span></span></div>
<span style="font-size: large;"><span style="color: black;">
<span style="font-family: Calibri;">If you have pass ACCA, Well done,
my comrades!<o:p></o:p></span></span></span><br />
<span style="font-size: large;"><span style="color: black;">
<span style="font-family: Calibri;">ACCA is an exclusive club that
only admits members not by invitation but by really earning it. That is why
employers respect us.</span></span></span><br />
<span style="color: black; font-family: Calibri; font-size: large;"><o:p></o:p></span><br />
<span style="font-size: large;"><span style="color: black;">
<span style="font-family: Calibri;">If you are still on your way, don’t
give up. It shall be your turn soon. If you are tired, it is okay to take a
break. I took mine and I still complete the race, in fact, my break reinforces my
determination.<o:p></o:p></span></span></span><br />
<h2>
</h2>
Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com6tag:blogger.com,1999:blog-800980313890817980.post-17603930140054478102013-08-07T21:23:00.000-07:002013-08-07T21:23:04.601-07:00When I was a college kid (Part 2)
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">My direct family members are
extremely supportive of my ACCA pursuit but I find that it is not always true
with some of my friends and relatives, they would be delighted if friends or
relatives’ son turned out to be a failure. Perhaps, the burden of having
successful friends or relatives takes away the limelight of their own
achievements. Sad but true.</span></span></span><br />
<br />
<u><span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">Envy is the work of the devil</span></span></span></u><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="color: black;"><span style="font-size: large;"><span style="font-family: Calibri;">I have friends and relatives who
are quick to show resentment on their luckier and more successful friends or
relatives and usually this happened unconsciously. I don’t blame them and
neither should you. Perhaps envy has become some sort of a habit to them. <o:p></o:p></span></span></span></div>
<span style="color: black; font-size: large;">
</span><span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">Forgive them for they exist to
test our determination. Their hurtful words, gossips and discouragement will
fade and evaporate once they know you stand even stronger and are unmoved.<o:p></o:p></span></span></span><br />
<span style="color: black;"><span style="font-size: large;">
<span style="font-family: Calibri;">When I was small, I too felt envy
when I see other kids throwing a birthday party and invited me but I never get
a chance to throw a birthday party for myself and invite them. <o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">My family was poor and my Dad
never flew on a plane before until after he retired at 55 years old. The first
time he flew was with me to KL in 1991 to visit my brother who was still
studying in UPM, Serdang. We stayed at YMCA, Brickfields and we would take the
taxi to Petaling Street. At the time, the pedlars were all Cantonese speaking
Chinese guys. Bargaining is the norm in Petaling Street then as it still is now.
Only difference is that if they agreed to your price but you didn’t buy, then they
will scold you $#!?<%(Cantonese version). Now, it is @≠©-0(Bangladesh version).<o:p></o:p></span></span></span></div>
<span style="color: black;"><span style="font-size: large;">
<span style="font-family: Calibri;">Now back to my college days…</span></span></span><br />
<span style="font-family: Calibri; font-size: large;"></span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">Taking ACCA papers is just like riding
a motorbike at night without any headlight or streetlights on. You just don’t
know when there is a turning around the corner or there is a bump in front and
you need to slow down. Sometimes, you banged into something and you still don’t
know what hit you. But you just climbed up your bike and continue to ride
again. Count yourself lucky if you managed to avoid all the pit falls and pass
ACCA on each first attempt.<o:p></o:p></span></span></span></div>
<span style="color: black; font-size: large;">
</span><span style="color: black;"><span style="font-size: large;"><span style="font-family: Calibri;">I only understood all this after
I started lecturing. Most of the times, we are putting students at risk when we
spot topics. But still, we continue doing so, as no one can study everything in
a couple of months and sit for the exam. That is why the stress level is very
high. Too short a time and too much of the syllabus. Each Professional level
paper is actually taken from a single subject at the Masters level which
normally takes about 9 months to complete. And here we are, squeezing that
paper into 4</span><span style="font-family: "Adobe Arabic","serif"; line-height: 115%; mso-bidi-font-size: 11.0pt;">½</span><span style="font-family: Calibri;">months to be exact.<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">Not forgetting some students take
ACCA part time while working. Time and energy are such rare scarcity for them.
Like I mentioned earlier, full timer’s distraction is usually love relationship
but part timer’s distraction is usually work related or even that annoying superior
that has been breathing down your neck.<o:p></o:p></span></span></span></div>
<span style="color: black; font-size: large;">
</span><span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">Most students didn’t know that I
was also in that kind of dilemma at one time. Before I attended TARC, I have
been working for almost 4 years, trying to save enough to continue my studies.
I tried attending evening classes after work and failed as I was dozing off
most of the time. In the end, I decided to quit my job in Singapore and enrol
to TARC. It was an easy decision because my wife also intends to further her
studies in KL back then.<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">As far as I know, my students who
quit their job to take up full time study all made it through ACCA. Of course,
make sure there is sufficient savings before you quit your job and don’t take
longer than 2 years or else your resume won’t be impressive. If you are really
contemplating to quit your job and study full time, my advice would be to do
that in the Professional papers (P1 to P7) rather than the Foundation papers.<o:p></o:p></span></span></span></div>
<span style="color: black; font-size: large;">
</span><span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">As for me, I started from F1 all
over again (during my time it was called Paper 1). I lost the fire when I reach
the Professional level, I could have just given up then and I really almost
wanted to give up. My reason was because my fund runs out in the final year. Your
motivation would be negative when your wallet is empty.<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">During those days, I dug out all
the loose change that I used to keep and buy Gardenia bread. One loaf can last
for 3 meals per day. Having fully excavated all those loose change, finally, I
have to starve for three days surviving only with boiled water. When I saw my
housemates cooking instant noodles, I could hear my stomach rumbling but I am just
too shy to ask.<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">My ego took a huge blow when my
wife suddenly checked my wallet and found it to be empty. Then, she slipped in
a hundred ringgit note there. She was upset that I didn’t tell her my financial problem.
It was the most embarrassing moment in my life accepting money from my wife and
all that pride that you have been holding on to all this while came crushing
down. That same moment was also the defining moment in my life that the next
time, I will be the one giving to her. So far, I have kept that promise which I made
to myself. <o:p></o:p></span></span></span></div>
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">In 2007, she resigned from the
only one company that she has worked for since graduation, after working there for
more than 7 years. Now, she is a full time housewife though she yearns once in
a while to work again. I have not told her the promise I made unless of course
if she reads my blog, which I think she will. <o:p></o:p></span></span></span></div>
<span style="color: black; font-size: large;">
</span><span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">Well, the hundred ringgit means a
lot to me and I can never forget that. I have gone down so low in my life that
I have to accept money from my girlfriend. Any girl would have just dumped me
and moved on but she stayed. At the same time, there are other guys in the
university and I shall leave that for another story.</span></span></span><br />
<span style="font-family: Calibri; font-size: large;"></span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">I was touched and still am for
what she did then, stayed on for a poor guy like me.</span></span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">Before long, the hundred ringgit was
used up. Fortunately, my father and brother chip in to cushion me through the
rest of the year. Looking back, I understood why I have to go through that. I
failed to plan properly and did not incorporate additional expenses such as
exam fees, transport costs, furniture, books, etc.<o:p></o:p></span></span></span></div>
<span style="color: black; font-size: large;">
</span><span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">If you are considering quitting
your job and study full time, please plan it properly and also have a back-up
plan in case it didn’t work out. Worse come to worse, go back to work again.</span></span></span><br />
<span style="font-family: Calibri; font-size: large;"></span><br />
<span style="color: black; font-family: Calibri; font-size: large;"><u>Let ACCA strengthen family ties</u></span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">I also find that family members
play very important role not just financially but also spiritually. My source
of motivation during my college days are my family members. They are like powerful
life forces that keep you charged when you face life challenges. When you are
at your lowest, they will be there unconditionally for you. When you need help,
who else would be offering help willingly besides your family members.<o:p></o:p></span></span></span></div>
<span style="color: black; font-size: large;">
</span><span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">I find that nowadays, technology
has distant us from our family members instead of bringing us closer like when
telephone was first invented. This is really such a paradox! Many suicides
could have being prevented if only someone is there for the troubled. Don’t
suffer in silence, confide in someone you can trust.<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">Remember that your family members
want what is best for you. When I was in college, most of my classmates are not
close with their family members. Usually, I only heard one side of the story
that their parents only doted on their younger siblings and not them. Maybe it
could be true but perhaps parents may think that elder siblings are more
independent and matured and doesn’t need their help and attention. So you don’t
see much of their concern because you never needed it before.</span></span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">But now, as you embark on this
journey it is different and you would be tested to your most fragile state.
ACCA demands a lot from us. It seems there is no mercy shown. If a student
didn’t make the mark, markers won’t hesitate to fail the student. I find that
the earlier you accept this fact the better you become at passing the papers.</span></span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">You need your family members to
be your pillar of strength, you just have to ask and they will listen. You just
have to tell them you need someone to listen to your feelings, not judge you
and not to give you any suggestion or opinion. And they will listen.</span></span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">Upon graduation, it will be
meaningless if you have to go on stage to receive your scroll and there is no
one, no family members to witness your glorious moment. Share your joy and
tears with them. Then only this ACCA journey becomes more meaningful.<o:p></o:p></span></span></span></div>
<h2>
</h2>
Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com3tag:blogger.com,1999:blog-800980313890817980.post-68509045069704623702013-08-07T06:06:00.000-07:002013-08-07T06:06:03.138-07:00When I was a college kid (Part 1)
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">There I was being a college kid again
and those memories; sweet, sour and bitter all came flashing back to me as if
it only happened yesterday. So as I looked back, I wasn’t outstanding in my
studies, neither was I very active in extra-curricular activities in college. I
was just the ordinary guy who attends lectures, tutorials and occasionally skip
a dozen or so of such lectures. <o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">So, perhaps you too might share
the same experience and notoriety as me. Hey! Can’t blame us, we are young only
once. I bet you that your parents won’t even tell you the mischief they did
during their college days. I just want to be honest with my students and let
them know that whatever that is going on in their mind and heart is normal and
everyone has gone through the same experience. We all have lived through that
and we are doing fine now.<o:p></o:p></span></span></span></div>
<span style="color: black;"><span style="font-size: large;">
<span style="font-family: Calibri;">Back then even before enrolling
for college, I already knew my girlfriend who is now my wife. To this date, we
have known each other for 18 years from the first day we met in Singapore. She
studied in UKM, Bangi while I enrolled to TAR College, Setapak. You might ask
how come I didn’t apply to UKM. Anyway, I got rejected by UKM because I only
sat for 4 papers in STPM. Those days, the university will calculate our credit
points for admission and most people sat for 5 papers while I sat for only 4
papers. But, like what Steve Jobs said about connecting the dots… now I
understood better why I enrolled to TARC instead. Otherwise, I wouldn’t have
met those wonderful TARC (now TARUC) students that I lectured last semester.<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">Skipping lectures doesn’t seem
like what any lecturer would tell their students to do, not least admit that they
have done just that. However, there is a point I would like to raise here that
having full attendance doesn’t mean the student deserves a pass. <o:p></o:p></span></span></span></div>
<span style="color: black;"><span style="font-size: large;">
<span style="font-family: Calibri;">So what makes a pass or a fail?<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">To be downright honest, lecturers
only contribute 30 to 40% of the passes by spotting on the right topics or
devising a better method to understand and tackle the questions while the
remaining 60 to 70% has to come from the student’s own effort.<o:p></o:p></span></span></span></div>
<span style="color: black;"><span style="font-size: large;">
<u><span style="font-family: Calibri;">Conjuring is the art of distraction<o:p></o:p></span></u></span></span><br />
<span style="color: black;"><span style="font-size: large;">
<span style="font-family: Calibri;">Like most other full time
students in TARC, I stay in a ‘student populated’ rented house and there is one
thing good about that, we do not own a TV set. That at least got rid of one
major distraction because during our time TV is the only form of entertainment
besides movies. Come to think of it, the last time I watched TV was during the
badminton match between Datuk Lee Chong Wei and Lin Dan. That was like ages ago.<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">Now, I find students barely
watched TV which has long been replaced by Facebook or other internet
addiction, perhaps games or PPS or whatever. Times changed but our attitude or
rather addiction doesn’t. Nowadays, students are easily distracted by so many
stuffs. <o:p></o:p></span></span></span></div>
<span style="color: black;"><span style="font-size: large;">
<span style="font-family: Calibri;">During my college days, my only
distraction would be the weekends that I would ride my bike to meet my
girlfriend in Bangi. It might be very ‘sensitive’ to call your girlfriend a
‘distraction’ but face it, anything that takes time away from your studies
distracts you. It gets worse after you got back from the date and you just
can’t stop thinking; not so much about your books but her. So what did I do? Sometimes
I wish that our mind has a remote control that we can switch channel with just a
press of the button. <o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">My roommate was very envious
initially as he was single. It wasn’t until he had found himself a girlfriend
that he realised he was blessed to be single. His was a sad story. He stopped
ACCA after he broke off with his girlfriend. The post-break up was really like
hell not just for him but for all our housemates. He was like trying to pick up
a fight with everyone and it was like the world owes him something. In the end,
everyone avoided him and finally, he moved out. <o:p></o:p></span></span></span></div>
<span style="color: black;"><span style="font-size: large;">
<span style="font-family: Calibri;">Every now and then, I regretted for
not being an understanding friend when he was having problems. He picked up
smoking, cursing and later became anti-social. At that time, I couldn’t
understand his behaviour and I don’t think he also understand why he behaved
that way. To him, his girlfriend is everything for him, his life, his future,
his everything. And imagine losing all that when the girl wanted to break off
with him, it must have hurt a lot!<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">I can see that he loves her very
much but every time when they go out happily, they always ended up quarrelling
back home. All of us get very worried that either one of them might do something
stupid. <o:p></o:p></span></span></span></div>
<span style="color: black;"><span style="font-size: large;">
<span style="font-family: Calibri;">For me, every couple would
quarrel every now and then, and the best thing to do when both parties are very
agitated is to just keep quiet. We say the worst things when we are angry and
usually words that we didn’t really meant, words that hurt people, words that
we would regret saying later. Once those words come out, we can’t take them
back. <o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">Whatever it is, step away from
the argument and tell the other party that you need some time to calm down.
Hey! If anyone tells you that he/she needs time to calm down, you would give
him/her space even though you are angry too, right. In fact, that would be the
best thing to do in any heated argument. Give each other space and time to
think it through.<o:p></o:p></span></span></span></div>
<span style="color: black;"><span style="font-size: large;">
<span style="font-family: Calibri;">My roommate was not fortunate as college
life didn’t end well for him. I know that many guys don’t recover after
break-up and worst, they stopped their studies after the break-up especially if
the girl is also taking the same course. Take my advice, if you really want to
have a girlfriend, find one from other courses otherwise someone’s ego is going
to take a beating when that someone gets stuck in some papers while the other has
already completed ACCA. <o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<u><span style="color: black; font-family: Calibri; font-size: large;">Family matters</span></u></div>
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">Up to now, there is only one
exception that I know of. There is this one couple where his girlfriend
graduates first and he insisted on taking a photograph with me during his
girlfriend’s graduation and he promised me that the next graduation will be
his. True enough, he graduated the next sitting and this time his girlfriend
took the picture for us. Later on, he recommended his brother to the class too.
Wow! It is really a family ACCA event for them.<o:p></o:p></span></span></span></div>
<span style="color: black;"><span style="font-size: large;">
<span style="font-family: Calibri;">To any ACCA student, the goal is
to complete all the ACCA papers. It sounds easy but along the way, we faced many
challenges: physically, mentally and for some even financially. People closest
to us be it our girlfriend/boyfriend, wife/husband, parents and for some even
their kids need to understand that ACCA matters a lot to us.<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">It is a challenge that we have
committed ourselves when we choose to study ACCA. Nobody forced us. To some of
our friends and relatives; they probably are pouring cold water on us, one pail
after another. Some are very direct they tell it straight to your face while
others may say it behind your back. <o:p></o:p></span></span></span></div>
<span style="color: black;"><span style="font-size: large;">
<span style="font-family: Calibri;">When I told my colleague that I
am going for ACCA, she told me straight in my face that I can’t pass ACCA. She
is an engineer and her friend, a smarter engineer than her took ACCA and couldn’t
pass. I told her confidently, “I will complete ACCA.” She apologised to me the
next day. She meant no harm, just that she is concerned I couldn’t complete my
studies. I said, “It is okay, I know.”<o:p></o:p></span></span></span><br />
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri;"><span style="color: black;"><span style="font-size: large;">From then on, I have to live up
to my words. My family and my wife are very supportive to me and I count myself
very lucky indeed. Throughout my studies, they didn’t give me any problems. Their
emotional support is already enough. I always tell myself that I do not want to
disappoint them. I will make them proud once I earned my ACCA. That day will
come.<o:p></o:p></span></span></span></div>
<span style="color: black;"><span style="font-size: large;">
<span style="font-family: Calibri;">It came true for me and it will
happen for you too.<o:p></o:p></span></span></span><br />
Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com6tag:blogger.com,1999:blog-800980313890817980.post-18466938227983380602013-05-20T17:43:00.000-07:002013-05-20T17:43:32.106-07:00Exam Guide for ACCA F7 Financial Reporting June 2013 Exam
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Arial;"><span style="color: blue;"><span style="font-size: large;"><strong>Exam Guide for June 2013 (F7 Financial Reporting)<o:p></o:p></strong></span></span></span></div>
<br />
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<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<o:p><span style="font-family: Arial; font-size: x-small;"> </span></o:p></div>
</td>
<td style="background-color: transparent; border-color: windowtext windowtext windowtext rgb(0, 0, 0); border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 9cm;" valign="top" width="340">
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<o:p><span style="font-family: Arial; font-size: x-small;"> </span></o:p></div>
</td>
</tr>
<tr style="mso-yfti-irow: 1;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 62.1pt;" valign="top" width="83">
<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-size: x-small;"><span style="font-family: Arial;">Question 1<o:p></o:p></span></span></div>
</td>
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<div class="MsoNormal" style="margin: 0cm 0cm 0pt;">
<span style="font-size: x-small;"><span style="font-family: Arial;">Consolidated SOPL&OCI and SOFP<o:p></o:p></span></span></div>
<div align="left" class="MsoListParagraphCxSpFirst" style="line-height: normal; margin: 0cm 0cm 0pt 18pt; mso-add-space: auto; mso-layout-grid-align: auto; mso-list: l2 level1 lfo1; text-align: left; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Parent and Subsidiary<o:p></o:p></span></div>
<div align="left" class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt 18pt; mso-add-space: auto; mso-layout-grid-align: auto; mso-list: l2 level1 lfo1; text-align: left; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Calculation of Full goodwill<o:p></o:p></span></div>
<div align="left" class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt 18pt; mso-add-space: auto; mso-layout-grid-align: auto; mso-list: l2 level1 lfo1; text-align: left; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Pro-rated income for Sub<o:p></o:p></span></div>
<div align="left" class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt 18pt; mso-add-space: auto; mso-layout-grid-align: auto; mso-list: l2 level1 lfo1; text-align: left; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Unrealised profits<o:p></o:p></span></div>
<div align="left" class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt 18pt; mso-add-space: auto; mso-layout-grid-align: auto; mso-list: l2 level1 lfo1; text-align: left; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Apportionment for Other Comprehensive Income between
Parent’s shareholders and NCI<o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">NCI Calculation<o:p></o:p></span></div>
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<o:p><span style="font-family: Arial; font-size: x-small;"> </span></o:p></div>
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<span style="font-size: x-small;"><span style="font-family: Arial;">Consolidated SOFP<o:p></o:p></span></span></div>
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</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Parent, Subsidiary and Associate<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Fair value adjustment and additional depreciation<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Calculation of Full goodwill<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Unrealised profits<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Inter company balance cancellation<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Cash in transits<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Apportionment of Other equity reserve between Parent’s
shareholders and NCI<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">NCI calculation<o:p></o:p></span></div>
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<span style="font-size: x-small;"><span style="font-family: Arial;">Question 2<o:p></o:p></span></span></div>
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<span style="font-size: x-small;"><span style="font-family: Arial;">Preparation of SOFP, SOCI and SOCE<o:p></o:p></span></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Depreciation adjustment i.e. straight line and reducing
balance<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Nominal interest vs effective interest; Calculation of
Amortised cost for Loan payable<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Revenue and Cost of Sales adjustments i.e. Sale or
return, Agent vs Principal income recognition<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Current Tax and Deferred Tax adjustment<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Dividend calculation<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Accounting standards (Two of the followings):<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 11 Construction Contracts<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 17 Lease<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 38 Intangible Asset<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 36 Impairment of Assets<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">IFRS 9 Financial Instruments (convertible loan note)<o:p></o:p></span></div>
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<span style="font-size: x-small;"><span style="font-family: Arial;">Question 3<o:p></o:p></span></span></div>
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<span style="font-size: x-small;"><span style="font-family: Arial;">Statement of Cash Flows<o:p></o:p></span></span></div>
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<span style="font-size: x-small;"><span style="font-family: Arial;">Combination of cash flows and Ratio analysis<o:p></o:p></span></span></div>
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<span style="font-size: x-small;"><span style="font-family: Arial;">Question 4<o:p></o:p></span></span></div>
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<div align="left" class="MsoListParagraphCxSpFirst" style="line-height: normal; margin: 0cm 0cm 0pt 36pt; mso-add-space: auto; mso-layout-grid-align: auto; mso-list: l0 level1 lfo3; text-align: left; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">(a)<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Accounting concepts i.e. Faithful representation,
Accrual, Relevance, etc. from the Conceptual Framework for Financial
Reporting<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">(b)<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">One or more of the following standards:<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 38 Intangible Assets<o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 17 Lease<o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">Substance over From<o:p></o:p></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p> </o:p></span></div>
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<span style="font-size: x-small;"><span style="font-family: Arial;">Question 5<o:p></o:p></span></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 10pt;">One or more of the following standards:<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">IFRS 5 Disposal of Non current Assets and Discontinued
operations<o:p></o:p></span></div>
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<!--[if !supportLists]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 10 Post Reporting Period Events</span><o:p></o:p></div>
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<!--[if !supportLists]--><span style="mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 33 Earnings per share</span><o:p></o:p></div>
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Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com0tag:blogger.com,1999:blog-800980313890817980.post-9515278064254614252013-05-20T17:40:00.004-07:002013-05-20T17:40:56.337-07:00Exam Guide for ACCA P2 P2 Corporate Reporting June 2013 Exam
<br />
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt; line-height: 115%;"><span style="font-size: large;">Exam Guide June 2013 (P2 Corporate Reporting)<o:p></o:p></span></span></h2>
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p> </o:p></span></div>
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Topics<o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Question
1<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">(a)<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Consolidated
Financial Statements (Do not Spot!)<o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Vertical/Mixed group<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Foreign operation (Closing Rate method)<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Piecemeal acquisition<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Disposal<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Group cash flows<o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p> </o:p></span></div>
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Accounting
standards integrated in Consolidated Financial Statements (At least 3 from
below):<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 16 Property, Plant and Equipment<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 38 Intangible Assets<o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 19 Employee Benefit<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 21 </span><span style="font-family: "NewsGothBT","sans-serif"; font-size: 10pt; mso-ansi-language: EN-MY; mso-bidi-font-family: NewsGothBT;">The Effects of Changes in Foreign Exchange Rates</span><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 28 </span><span style="font-family: "NewsGothBT","sans-serif"; font-size: 10pt; mso-ansi-language: EN-MY; mso-bidi-font-family: NewsGothBT;">Investments in Associates and Joint Ventures</span><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 37 Provisions, Contingent Liabilities
and Assets<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IFRS 9 Financial Instruments<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IFRS 10 </span><span style="font-family: "NewsGothBT","sans-serif"; font-size: 10pt; mso-ansi-language: EN-MY; mso-bidi-font-family: NewsGothBT;">Consolidated Financial Statements</span><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IFRS 11 </span><span style="font-family: "NewsGothBT","sans-serif"; font-size: 10pt; mso-ansi-language: EN-MY; mso-bidi-font-family: NewsGothBT;">Joint Arrangements</span><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt 18pt; mso-add-space: auto;">
<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p> </o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt 18pt; mso-add-space: auto; mso-list: l2 level1 lfo3; text-indent: -18pt;">
<!--[if !supportLists]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">(b)<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Theoretical
element on group context<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IFRS 9 Financial Instruments<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IFRS 3 Business Combinations<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IFRS 11 Joint Venture Arrangement<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IFRS 10 Consolidated Financial Statements<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 27 Separate Financial Statements<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Analysis on the group cash flows<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Difference between direct and indirect
method<o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p> </o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt 18pt; mso-add-space: auto; mso-list: l2 level1 lfo3; text-indent: -18pt;">
<!--[if !supportLists]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">(c)<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Ethics<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Explain the difference between being
ethical and mere compliance of the Accounting Standards<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">The case mentioned contains element of
“Creative accounting” to mislead financial user<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Student need to address the unethical
behavior or accounting treatment proposed by the Director<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Recommend a proposed solution<o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p> </o:p></span></div>
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Question
2 <o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">(1
or 2 Accounting standard(s) )<o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p> </o:p></span></div>
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p> </o:p></span></div>
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p> </o:p></span></div>
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p> </o:p></span></div>
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<td rowspan="2" style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 31.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 262.25pt;" valign="top" width="350">
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p> </o:p></span></div>
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">At
least 6 of the followings:<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Restructuring: Transfer of Subsidiary to
Sub-subsidiary or vice versa (Refer Q2 Dec 2011)<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 16 Property, Plant and Equipment<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 17 Lease<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 18 Revenue<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 38 Intangible Assets<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 36 Impairment of Assets<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 19 Employee Benefit<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IFRS 2 Share Based Payment<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 37 Provisions, Contingent Liabilities
and Assets<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IFRS 9 Financial Instruments<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IFRS 11 Joint Venture Arrangement<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt 18pt; mso-add-space: auto; mso-list: l5 level1 lfo2; text-indent: -18pt;">
<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IFRS 10 Consolidated Financial Statements<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 27 Separate Financial Statements <o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IFRS 5 Assets Held for Sale<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IFRS 3 Business Combination<o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IAS 12 Taxation<o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p> </o:p></span></div>
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Question
3<o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">(At
lease 4 Accounting Standards)<o:p></o:p></span></div>
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<span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">Question
4<o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">IFRS 9 – Draft Chapter 6 Hedge Accounting<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">ED </span><span style="font-family: "NewsGothBT","sans-serif"; font-size: 10pt; mso-ansi-language: EN-MY; mso-bidi-font-family: NewsGothBT;">Revenue from contracts with customers</span><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">ED </span><span style="font-family: "NewsGothBT","sans-serif"; font-size: 10pt; mso-ansi-language: EN-MY; mso-bidi-font-family: NewsGothBT;">Investment Entities</span><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p></o:p></span></div>
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</span></span></span><!--[endif]--><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;">ED </span><span style="font-family: "NewsGothBT","sans-serif"; font-size: 10pt; mso-ansi-language: EN-MY; mso-bidi-font-family: NewsGothBT;">Financial Instruments: Amortised Cost and Impairment
(inc<o:p></o:p></span></div>
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<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "NewsGothBT","sans-serif"; font-size: 10pt; mso-ansi-language: EN-MY; mso-bidi-font-family: NewsGothBT;">expected loss approach)</span><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="line-height: normal; margin: 0cm 0cm 0pt 18pt; mso-add-space: auto; mso-list: l4 level1 lfo6; text-indent: -18pt;">
<!--[if !supportLists]--><span lang="EN-US" style="font-size: 10pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri; mso-hansi-font-family: Calibri;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">-</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "NewsGothBT","sans-serif"; font-size: 10pt; mso-ansi-language: EN-MY; mso-bidi-font-family: NewsGothBT;">ED Improvements to IFRSs</span><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 10pt;"><o:p></o:p></span></div>
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Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com0tag:blogger.com,1999:blog-800980313890817980.post-74418821689718112532013-03-26T03:27:00.002-07:002013-03-26T03:27:59.990-07:00ACCA e-assessment? ARE YOU READY?<br />
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<span style="font-family: Calibri;"><span style="color: black; font-size: large;">Fundamental papers</span></span></div>
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<span style="font-family: "Calibri","sans-serif"; line-height: 115%; mso-ansi-language: EN-MY; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">e-assessment
starts from</span></span></span></div>
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<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">F1 to F3<o:p></o:p></span></span></span></div>
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<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">Feb 2014<o:p></o:p></span></span></span></div>
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<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">Sept 2014<o:p></o:p></span></span></span></div>
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<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">F5 to F9<o:p></o:p></span></span></span></div>
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<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">Dec 2014<o:p></o:p></span></span></span></div>
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<o:p><span style="color: black;"></span></o:p><br />
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<span style="color: black;"> </span><span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;">From as early as Feb 2014, ACCA
will roll out the e-assessment to replace the traditional handwritten answer
scripts which had been practised for more than a century. This will certainly be
a very forward looking move that could catapult ACCA to probably be the first
among the pack as pioneer of e-assessment.<o:p></o:p></span></span></span></div>
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<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;"><span style="font-family: Times New Roman;">
</span>However, much to the
disappointment of us lecturers the e-assessment stops at the Fundamental Level
papers only while the Professional Level papers are spared from such
e-assessment. As such, the traditional handwritten assessment still prevails
for Professional papers. Thus, the race for e-assessment shall continue for
whichever professional bodies bold enough to launch their “FULL e-assessment”
and claim the title for being the first. <o:p></o:p></span></span></span></div>
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<span style="font-family: Calibri;"><span style="font-size: large;"><span style="color: black;"><span style="font-family: Times New Roman;">
</span><span style="font-family: "Calibri","sans-serif"; line-height: 115%; mso-ansi-language: EN-MY; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Perhaps, a lot of factors are considered by ACCA
before launching the FULL e-assessment. As I can see, a great majority of
students attempting the Professional Level papers are Accounting Degree holders
exempted from all and if not majority of the Fundamental papers. Would it be
riskier to assess using handwriting or computer? I personally think they
(students) prefer and are ready to accept e-assessment as compared to
handwriting. Hearing complaints such as my fingers ached after writing non-stop
for the 3 hours is something of a norm for students.</span></span></span></span></div>
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<span style="font-size: large;"><span style="color: black; font-family: "Calibri","sans-serif"; line-height: 115%; mso-ansi-language: EN-MY; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Perception of e-assessment differs among students and lecturers alike. Well to clarify it is not limited to MCQs and fill in the blanks. Generally, the exam format contains 3 sections:</span></span><br />
<span style="font-size: large;"><span style="color: black; font-family: "Calibri","sans-serif"; line-height: 115%; mso-ansi-language: EN-MY; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">1. Objective Testing (MCQs)</span></span><br />
<span style="font-size: large;"><span style="color: black; font-family: "Calibri","sans-serif"; line-height: 115%; mso-ansi-language: EN-MY; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">2. Multi Task Questions</span></span><br />
<span style="font-size: large;"><span style="color: black; font-family: "Calibri","sans-serif"; line-height: 115%; mso-ansi-language: EN-MY; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">3. Long Form Questions (not mentioned much in the seminar)</span></span><br />
<span style="font-size: large;"><span style="color: black; font-family: "Calibri","sans-serif"; line-height: 115%; mso-ansi-language: EN-MY; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"></span></span><br />
<span style="font-size: large;"><span style="color: black; font-family: "Calibri","sans-serif"; line-height: 115%; mso-ansi-language: EN-MY; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Some of the Multi Task Questions includes:</span></span></div>
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<span style="font-size: large;"><span style="color: black; font-family: "Calibri","sans-serif"; line-height: 115%; mso-ansi-language: EN-MY; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">1. Select and type your comment</span></span></div>
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<span style="font-size: large;"><span style="color: black; font-family: "Calibri","sans-serif"; line-height: 115%; mso-ansi-language: EN-MY; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Here, the student will select the clue words from the case study given and a two column table will appear with the clue word selected appearing on the left column while the right column remains empty for student to input the answer based on the clue words selected. This is exactly the same as my "extract and comment method" used in class, except that this one is made computerised while mine is manual. Wish I could get hold of the software for this!</span></span></div>
<span style="font-family: "Calibri","sans-serif"; line-height: 115%; mso-ansi-language: EN-MY; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="color: black; font-size: large;">An example (the underlined words are selected):</span></div>
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<span style="color: black; font-size: large;">Seltec has decided to enter the retail market and has recently <u>purchased</u> two well-known <u>brand names</u> in the edible oil industry. One of the brand names has been in existence for many years and has a good reputation for quality. </span></div>
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<span style="font-size: large;"><span style="color: black;">Words selected<o:p></o:p></span></span></div>
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<span style="font-size: large;"><span style="color: black;">Comments (For student to type in their answer)<o:p></o:p></span></span></div>
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<span style="font-size: large;"><span style="color: black;">Purchased<o:p></o:p></span></span></div>
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<span style="font-size: large;"><span style="color: black;"><span style="color: blue;">Qualify as separately acquired intangible assets.
Thus, purchased cost is available</span>.<o:p></o:p></span></span></div>
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<span style="font-size: large;"><span style="color: black;">Brand names<o:p></o:p></span></span></div>
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<span style="font-size: 16pt;"><span style="font-size: large;"><span style="color: blue;">Non-physical substance which qualifies as intangible
assets under IAS 38 Intangible Assets<o:p></o:p></span></span></span></div>
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</span><span style="font-family: "Trebuchet MS", sans-serif; font-size: large;">2. "Drop down" menu answer</span></span></div>
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<span style="font-size: 16pt;"><span style="color: black;">A building is an<o:p></o:p></span></span></div>
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<span style="font-size: 16pt;"><span style="color: black;">A. Asset<o:p></o:p></span></span></div>
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<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
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<span style="font-size: 16pt;"><span style="color: black;">B. Liability<o:p></o:p></span></span></div>
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<span style="font-size: 16pt;"><span style="color: black;">C. Equity<o:p></o:p></span></span></div>
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<span style="font-size: 16pt;"><span style="color: black;">D. Income<o:p></o:p></span></span></div>
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<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
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<span style="font-size: 16pt;"><span style="color: black;">E. Expense<o:p></o:p></span></span></div>
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<span style="color: black; font-family: Arial, Helvetica, sans-serif; font-size: large;">3. Fill in the blanks</span></div>
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<span style="color: black; font-size: large;">Spread sheets
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filling in more than one blank. Answer is to be filled in the yellow box.</span><br />
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<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
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<span style="font-size: 16pt;"><span style="color: black;">A<o:p></o:p></span></span></div>
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</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">B<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: windowtext windowtext windowtext rgb(0, 0, 0); border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 44.3pt;" valign="top" width="59"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">C<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: windowtext windowtext windowtext rgb(0, 0, 0); border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 42.55pt;" valign="top" width="57"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">D<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: windowtext windowtext windowtext rgb(0, 0, 0); border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 42.5pt;" valign="top" width="57"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">E<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: windowtext windowtext windowtext rgb(0, 0, 0); border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 49.65pt;" valign="top" width="66"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpLast" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">F<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td></tr>
<tr style="mso-yfti-irow: 1;"><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.9pt;" valign="top" width="36"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpFirst" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">1<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 112.05pt;" valign="top" width="149"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">Cost<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 98pt;" valign="top" width="131"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">110,000<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 44.3pt;" valign="top" width="59"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 42.55pt;" valign="top" width="57"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 42.5pt;" valign="top" width="57"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 49.65pt;" valign="top" width="66"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpLast" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td></tr>
<tr style="mso-yfti-irow: 2;"><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.9pt;" valign="top" width="36"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpFirst" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">2<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 112.05pt;" valign="top" width="149"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">Residual value<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 98pt;" valign="top" width="131"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">10,000<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 44.3pt;" valign="top" width="59"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 42.55pt;" valign="top" width="57"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 42.5pt;" valign="top" width="57"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 49.65pt;" valign="top" width="66"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpLast" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td></tr>
<tr style="mso-yfti-irow: 3;"><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.9pt;" valign="top" width="36"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpFirst" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">3<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 112.05pt;" valign="top" width="149"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">Useful life<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 98pt;" valign="top" width="131"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">5 years<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 44.3pt;" valign="top" width="59"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 42.55pt;" valign="top" width="57"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 42.5pt;" valign="top" width="57"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 49.65pt;" valign="top" width="66"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpLast" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td></tr>
<tr style="mso-yfti-irow: 4;"><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.9pt;" valign="top" width="36"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpFirst" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">4<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 112.05pt;" valign="top" width="149"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 98pt;" valign="top" width="131"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 44.3pt;" valign="top" width="59"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 42.55pt;" valign="top" width="57"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 42.5pt;" valign="top" width="57"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 49.65pt;" valign="top" width="66"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpLast" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td></tr>
<tr style="mso-yfti-irow: 5;"><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.9pt;" valign="top" width="36"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpFirst" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">5<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 112.05pt;" valign="top" width="149"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">Depreciation<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background: yellow; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 98pt;" valign="top" width="131"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">=(B1-B2)/B3<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 44.3pt;" valign="top" width="59"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 42.55pt;" valign="top" width="57"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 42.5pt;" valign="top" width="57"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 49.65pt;" valign="top" width="66"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpLast" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td></tr>
<tr style="mso-yfti-irow: 6;"><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.9pt;" valign="top" width="36"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpFirst" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">6<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 112.05pt;" valign="top" width="149"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 98pt;" valign="top" width="131"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 44.3pt;" valign="top" width="59"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 42.55pt;" valign="top" width="57"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 42.5pt;" valign="top" width="57"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 49.65pt;" valign="top" width="66"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpLast" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td></tr>
<tr style="mso-yfti-irow: 7; mso-yfti-lastrow: yes;"><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.9pt;" valign="top" width="36"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpFirst" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><span style="color: black;">7<o:p></o:p></span></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 112.05pt;" valign="top" width="149"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 98pt;" valign="top" width="131"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 44.3pt;" valign="top" width="59"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 42.55pt;" valign="top" width="57"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 42.5pt;" valign="top" width="57"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpMiddle" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 49.65pt;" valign="top" width="66"><span style="color: black; font-family: Times New Roman;">
</span><br />
<div class="MsoListParagraphCxSpLast" style="line-height: normal; margin: 0cm 0cm 0pt; mso-add-space: auto; text-align: justify;">
<span style="font-size: 16pt;"><o:p><span style="color: black;"> </span></o:p></span></div>
<span style="color: black; font-family: Times New Roman;">
</span></td></tr>
</tbody></table>
</span><span style="color: black;"><span style="font-size: small;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><span style="font-family: "Calibri","sans-serif"; line-height: 115%; mso-ansi-language: EN-MY; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"></span></span> </span></span></span><span style="color: black;"><span style="font-family: "Calibri","sans-serif"; font-size: medium; line-height: 115%; mso-ansi-language: EN-MY; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"></span></span><br />
<span style="color: black;"><span style="font-family: "Calibri","sans-serif"; font-size: large; line-height: 115%; mso-ansi-language: EN-MY; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">My thoughts on the format of Multi Task
Questions are marvellous as being someone with poor handwriting like myself,
e-assessment really takes away the punishment for illegible handwriting which
appears in almost all examiners’ report every sitting.</span></span><br />
<span style="color: black; font-size: large;"></span><br />
<span style="color: black; font-size: large;">Another plus point brought up was that unlike the present examination sessions in June and December, the coming sessions shall be increased to FOUR times a year i.e. September, December, March and June exams. This is indeed fantastic as I also raised this up when asked to participate in the workshop for e-assessment sometime in 2012 last year. Having examinations conducted every quarterly greatly reduced the waiting time for resit students.</span><br />
<span style="color: black; font-size: large;"></span><br />
<span style="color: black; font-size: large;">However, to a certain extent I also regretted suggesting this as I find it very uncomfortable to conduct lectures for two months and let the student attempt the exam in the third month. I felt that the knowledge learned has not sunk in yet in those three months. It is really a rush for a fresh student on the first attempt of the paper. So I believe I would still stick to my usual five months lecture and revision while exam on the sixth month.</span></div>
<span style="font-size: large;">
</span></span></span><div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-size: 16pt; line-height: 115%;"><span style="font-family: Cambria;"><span style="color: blue;"><strong><span style="font-size: large;">What does e-assessment mean
to Lecturers?<o:p></o:p></span></strong></span></span></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Times New Roman;">
</span><span style="font-size: large;"><span style="color: black;">It means we
lecturers have to change the way we lecture. Overhead projectors and even
visualizers would find it’s place in the dark storeroom as notebook with
projectors would be a common sight in all lecture halls and classrooms.<o:p></o:p></span></span></div>
<span style="color: black; font-size: large;">
</span><div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-size: large;"><span style="color: black;"><span style="font-family: Times New Roman;">
</span>As spread sheet
would be one of the formats of a question, there is no other way to lecture other
than to just show students how to fill in the blanks in the spread sheet on the
screen. In fact, the original reason for e-assessment introduction was to accommodate
the basic computer skills needed especially on spread sheet in the student
assessment.<o:p></o:p></span></span></div>
<span style="color: black; font-size: large;">
</span><div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-size: large;"><span style="color: black;"><span style="font-family: Times New Roman;">
</span>It is indeed
ideal if every student’s table is equipped with power socket for their own personal
notebook. Some hands-on is always necessary for any software related training.
Otherwise, students can’t remember the steps.<o:p></o:p></span></span></div>
<span style="color: black; font-size: large;">
</span><div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-size: large;"><span style="color: black;"><span style="font-family: Times New Roman;">
</span>During the talk,
I was expecting to have some samples of questions for practise but was rather disappointed
when no sample was available, not even in the ACCA website. The practise
questions would be available at a much later date and needs to be purchased
separately.<o:p></o:p></span></span></div>
<span style="color: black; font-size: large;">
</span><div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-size: large;"><span style="color: black;"><span style="font-family: Times New Roman;">
</span>The only sad
news that I have would be for some of my friends and fellow lecturers who may have
to struggle learning spread sheet now or risk losing their jobs. I hope they
can overcome this. Gambateh!!!</span></span><br />
<span style="font-size: large;"><span style="color: black;"></span></span><br />
<span style="font-size: large;"><span style="color: black;">Resisting changes or embracing changes? You decide... is there much choice.</span></span><br />
<span style="font-size: large;"></span><br />
<span style="font-size: large;">For further information on individual papers, click</span><br />
<span style="font-size: large;"><a href="http://www.accaglobal.com/en/learning-provider/Tuition-providers/learning-providers-conferences/global-feb-2013.html">http://www.accaglobal.com/en/learning-provider/Tuition-providers/learning-providers-conferences/global-feb-2013.html</a></span><br />
<span style="font-size: large;"></span> </div>
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Times New Roman;">
</span><span style="line-height: 115%;"><span style="font-family: Cambria;"><span style="color: blue;"><strong><span style="font-size: large;">So, what does e-assessment
mean to you?<o:p></o:p></span></strong></span></span></span></div>
<span style="color: blue; font-size: large;"><strong>
</strong></span><div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Times New Roman;">
</span></div>
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<br /></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="color: black;"></span><br /></div>
Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com3tag:blogger.com,1999:blog-800980313890817980.post-47996314721382542682012-09-21T19:39:00.002-07:002012-09-21T19:39:51.703-07:00ACCA is listening and adapting …<span style="font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: Calibri;"><span style="font-size: large;">I have
just attended the ACCA Learning Partners’ Conference and felt extremely
delighted that ACCA has taken the bold step to move forward in line with the
creation and demand of the <b style="mso-bidi-font-weight: normal;"><span style="text-transform: uppercase;">new generation Accountants</span></b><span style="text-transform: uppercase;">.</span></span></span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: Calibri; font-size: large;">The
conference was well organised and took on a forum where 4 speakers were invited
on stage to discuss on the topic of “e-professional”. It has been long known
that technologies have indeed changed our lifestyles and the way we work. ACCA
has taken the initiative by first introducing e-Assessment into the exam. The
ultimate goal is to produce ACCA graduates who are “work ready” once they
graduated. The present ACCA exam tackles only understanding of principles and
theories and assessment takes the form of mostly handwritten exams.</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: Calibri; font-size: large;">E-assessment
means that the conventional handwriting of answers being scrapped entirely;
replaced by typing of answers using keyboard. Not much of the method for
e-assessment was disclosed and the e-assessment exam format is kept extremely
classified. All I can say is that it is not restricted to MCQs, you could
probably get fill in the blanks, and anything is possible even perhaps 3D gaming
style of questioning (my own opinion since computer games are so popular
nowadays) and we just have to wait anxiously </span><a href="http://www.blogger.com/null" name="_GoBack"></a><span style="font-family: Calibri; font-size: large;">for the
final announcement by ACCA.</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: Calibri; font-size: large;">ACCA
Examination Board intends to bring the assessment of work place skills directly
to the exam hall, thereby producing students who are definitely in great demand
by employers worldwide and most importantly “e-work ready”. Picture this, an
ACCA graduate without any working experience would be ever ready to perform
without much supervision and without further on the job training and can immediately
handle spreadsheet formulas, SAP, Oracle, etc. I remember when I was still
studying for ACCA, I haven’t heard of <st1:stockticker w:st="on">SAP</st1:stockticker>
or even Oracle and I wasn’t very fortunate as the companies I worked for
couldn’t afford such powerful softwares.</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: Calibri; font-size: large;">During
the conference, I have the opportunity to speak to the representatives of one
speaker from Malaysia Practise Enterprise Centre (MyPEC) and they referred me
to their website <u>www.malaysiapec.com</u> on virtual training ground for employees
that mimic a real organisation where scenarios could be programmed into the simulation
and participants are trained just like where pilots are trained in a flight
simulator. </span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: Calibri; font-size: large;">With
such revolutionary changes, I would envisioned that in the near future every
student would be bringing their own notebook to lectures, the only thing I worry
is the distraction of their Facebook account, lol.</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: Calibri; font-size: large;">What
does the future hold for the new generation of ACCA graduates? Please leave a
comment as I believe ACCA would definitely love to hear from the Generation Y
ACCA students. I would forward your comments to ACCA office (Please be
considerate with your comments and avoid making offensive statement)</span></div>
<span style="font-size: large;">
</span>Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com4tag:blogger.com,1999:blog-800980313890817980.post-10557698736450813082012-09-18T18:08:00.000-07:002012-09-18T18:08:19.047-07:00TARC Homecoming<span style="font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: Calibri; font-size: large;">Those
were the days, the good old college days when I was still a TARCIAN (name given
for <st1:stockticker w:st="on">TAR</st1:stockticker> College student); when I
first set foot at TARC, things were so much different then as compared to what
TARC is now. The old “Yum Yum Park” (name given to what used to be student
couple’s dating spot; “Yum Yum” refers to the aroma smell of nearby garbage
dumping ground) has given way to the concrete building block that housed the
modern “Papa Rich restaurant” and a well-equipped library.</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: Calibri; font-size: large;">Architectural
building blocks mushroomed everywhere in the college compound and what used to
be landscaped trees and grasses have transformed into a town-like community of
students. Unlike during our olden days where motorbikes used to dominate the
college roads, now, cars are the chief transportation used. I couldn’t help but
felt “aged” and perhaps a little nonconforming (a bit like what Captain America
felt after waking up 70 years later, LOL).</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: Calibri; font-size: large;">Anyway,
some things remained the same. Ms Christine, from SBS admin still looks the
same after some 12 years or so, same goes to Ms Say, my former lecturer. How
come nobody aged after more than a decade? Guess everyone discovered the
fountain of youth here working @ TARC.</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: Calibri; font-size: large;">Well,
my first class started today and during the first two hours of lecture, I am
still astounded by the development at TARC. Don’t know why but I got hanged
back; at a loss of words at times and guess, I still haven’t got the hang of
things just yet. It was difficult to get a paradigm shift from being student
before to being a lecturer now. And worst of all, first lecture is on perhaps
the most boring of all topics in Financial Reporting … The Conceptual
Framework.</span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-size: large;"><span style="font-family: Calibri;">But
I did noticed, students were paying full attention during the lecture. Thunderous
applause came when I ended the lecture 5 minutes earlier. Surprise! Surprise! I
thought that ending the class early should be the most unpopular act by any
lecturer. But this is extraordinary!!! Well, I figured the changeover of the
Batch A students to Batch B students should possibly need about 5 minutes, that
is why I ended earlier. Anyway, the Batch B students are lesser and not as
crowded. My miscalculation indeed</span><span style="font-family: Wingdings; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-char-type: symbol; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin; mso-symbol-font-family: Wingdings;"><span style="mso-char-type: symbol; mso-symbol-font-family: Wingdings;">L</span></span><span style="font-family: Calibri;">!</span></span></div>
<span style="font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: Calibri; font-size: large;">After
the class ended, I headed back to the car park and I thought to myself, “One of
the reasons I chose to lecture is because I still yearn for my good old college
days. Guess, I could never get over them and that is why I </span><a href="http://www.blogger.com/null" name="_GoBack"></a><span style="font-family: Calibri; font-size: large;">am
still coming back to TARC”.</span></div>
<span style="font-size: large;">
</span>Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com0tag:blogger.com,1999:blog-800980313890817980.post-41237154723057395652012-09-09T09:12:00.002-07:002012-09-09T09:12:27.288-07:00Getting My Life Back<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="color: black; font-family: Calibri; font-size: large;">Thanks
a billion and over the last few days, I have received overwhelming support FB messages,
smses, calls and compliments from my former students informing me of their
passes and asking me not to give up lecturing. Even Accountants and students
whom I didn’t know said they heard many good things about me. It greatly lifted
my spirit and I think the truth has finally prevailed. There is too much
messages that I can’t reply all of them with my slow typing skills, my deep
apologies.</span></div>
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="color: black; font-family: Calibri; font-size: large;">I
hope my students won’t condemn other lecturers because as I have always said in
my class that all lecturers and their methods are equally good. Everyone has
their strength and criticising other lecturers doesn’t make us any better; it
just goes to show how insecure and incompetent the person is. I was hurt
earlier by such unfounded remarks and I hope no other lecturer should ever take
this kind of insult anymore in the future. It is perfectly OK to support our
lecturers but don’t step on other lecturers to make our favourite lecturer look
good. </span></div>
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="color: black; font-family: Calibri; font-size: large;">I
have never expected that this event to turn out so positive for me instead. All
my former students stood up for me and they remembered things that I taught
them. Most of them told me that they have already become Accountants and that
my consolidation method and exam technique helped them to pass. One even still
held on to my notes for reference during work. I even received sms from my
former student in China trying to console me. Fyi, blogspot.com is not
accessible in China and she got the article from another student. Thank you so
much for your concern and definitely </span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsv1SAPMHClM1SBIk5pw-bULCYHCMp-WA3FtWX7M_gRkQEP9KPG1QdzbVc-j8f4Fyq8587lQV_V5A8_l5jUj5Fsu-5_A7XiOJdsOGlFAyn2K_eYD1_0oXtUdwaay__7_h8DCXYLazlHe0/s1600/Iwon'tgiveup.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="color: black; font-size: large;"><img border="0" height="101" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsv1SAPMHClM1SBIk5pw-bULCYHCMp-WA3FtWX7M_gRkQEP9KPG1QdzbVc-j8f4Fyq8587lQV_V5A8_l5jUj5Fsu-5_A7XiOJdsOGlFAyn2K_eYD1_0oXtUdwaay__7_h8DCXYLazlHe0/s320/Iwon'tgiveup.jpg" width="320" /></span></a></div>
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="color: black; font-family: Calibri; font-size: large;">That thought was only momentarily
when my emotion overpowered me. I shall forever cherish the wonderful moments
lecturing you all and it is a great honour being your lecturer.</span></div>
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="color: black; font-family: Calibri; font-size: large;">I have written a few more parts
to defend myself but I think they are no longer necessary and I shall not
continue to post them any longer. What needs to be said has been said. So for
now, I wish to put all these behind me and move forward. There is so much I
need to do for my students. Reminds me, I still have a stack of assignments not
yet marked. When I was having class last Friday, I asked if anyone read my
blog. Some nodded and from their face I knew there is no doubt in my teaching
or my method now. We can move on more confidently and I thought to myself that perhaps
all this is just a blessing in disguise!</span></div>
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="color: black; font-family: Calibri; font-size: large;">Best regards,</span></div>
<span style="color: black; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="color: black; font-family: Calibri; font-size: large;">Joe Fang</span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRDgYSl-hbjmOywhyDrj6b2gZ28OoXkitB0qSwsR398eEnTE4Liv4wU-pfD9B9dkCp506VW5FTVSu5_hrVjuYpp_TmE_gHQGU_TK_oVFWbLnP43YYTCd2KpbaEnqdU9yCZpv0-taAitGI/s1600/Borntoteach.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="color: black; font-size: large;"><img border="0" height="111" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRDgYSl-hbjmOywhyDrj6b2gZ28OoXkitB0qSwsR398eEnTE4Liv4wU-pfD9B9dkCp506VW5FTVSu5_hrVjuYpp_TmE_gHQGU_TK_oVFWbLnP43YYTCd2KpbaEnqdU9yCZpv0-taAitGI/s320/Borntoteach.jpg" width="320" /></span></a></div>
<span style="color: black; font-size: large;">
</span>Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com3tag:blogger.com,1999:blog-800980313890817980.post-74000536798289787252012-09-07T21:43:00.000-07:002012-09-07T22:40:48.893-07:00The Truth Shall Prevail<span style="font-size: large;"></span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: Calibri; font-size: large;">Well,
there are usually only 2 possible reasons that I left Kaplan:</span></div>
<span style="font-size: large;"></span><br />
<div class="MsoListParagraphCxSpFirst" style="margin: 0cm 0cm 0pt 36pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18pt; text-justify: inter-ideograph;">
<span style="font-size: large;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><span style="font-family: Calibri;">“Asked to leave” sounds like being sack, or</span></span></div>
<span style="font-size: large;"></span><br />
<div class="MsoListParagraphCxSpLast" style="margin: 0cm 0cm 10pt 36pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18pt; text-justify: inter-ideograph;">
<span style="font-size: large;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-family: "Times New Roman"; font-size-adjust: none; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><span style="font-family: Calibri;">Resigned</span></span></div>
<span style="font-size: large;"></span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: Calibri; font-size: large;">The
answer has to be none of the above. </span><br />
<span style="font-family: Calibri; font-size: large;"></span><br />
<span style="font-family: Calibri; font-size: large;">In fact, there could be future ammendment to the rules regarding Accountants in Singapore which is inconvenient for me to mention in this blog. So I can only justify my defence with existing information available.</span><br />
<span style="font-family: Calibri; font-size: large;"></span> </div>
<span style="font-family: Calibri; font-size: large;">When
some lecturers left Kaplan, Andrew and I are invited to assist their team to
retain the existing student for the ACCA programme. It was very tough as we are
seen as new faces in Singapore. Not many people in Singapore knew us and Kaplan
spent quite a lot of money to get us in there i.e. weekly flight tickets, hotels
which has been included in our salary. I don’t think they are making much;
probably the classes are running at a loss. But they still run it anyway for
the sake of the student. At the same time, Kaplan also ran parallel classes
conducted by their existing Singapore lecturers. </span><br />
<span style="font-family: Calibri; font-size: large;"></span><br />
<span style="font-family: Calibri; font-size: large;">I tell you it was really enjoyable
working parallel with the Singapore lecturers and even though we were lecturing
the same paper, we never criticise each other. We share notes, tips and well,
just about anything relating to our papers. It is a really an open platform that
you could use another lecturer’s note for your lecture, no copyright issue
whatsoever.</span><br />
<span style="font-size: large;"></span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-family: Calibri; font-size: large;">I
hate to brag but my performance there was GOOD. I even managed to produce a
Singapore 1<sup>st</sup> Prize Winner for P2. Fyi, he told me that Q2 on
restructuring was easy and helps him to gain a lot of marks. Guess my consolidation method helps and luckily, I managed to attach a previous Paper 3.6 (Old paper of P2)
past year question in my revision kit last minute and he also
referred to the Kaplan revision kit to revise. He told me that he only seriously started
revising right after my revision class which was conducted during the first
week of Nov 2011. The management also complimented me for the excellent passing
rate in front of the lecturers. I attached the parting gift that Kaplan
management gave me and Andrew on our last day.</span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiS0dziL6gUAL0Bo9NGt16qLpuhz3ZUrt-DD-YIcMrNJys3-vJmN-y36AaGBoyx16xsw09qk3ix5oXzLv3r56DOISfV77uz4qI63ChfWjKlKVnmms91fwu_Ma4UVfMkmomziuFAjkLZs6Q/s1600/Gift.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-size: large;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiS0dziL6gUAL0Bo9NGt16qLpuhz3ZUrt-DD-YIcMrNJys3-vJmN-y36AaGBoyx16xsw09qk3ix5oXzLv3r56DOISfV77uz4qI63ChfWjKlKVnmms91fwu_Ma4UVfMkmomziuFAjkLZs6Q/s320/Gift.JPG" width="320" /></span></a></div>
<div class="separator" style="clear: both; text-align: center;">
<span style="font-size: large;"> </span></div>
<div class="separator" style="clear: both; text-align: justify;">
<span style="font-family: Calibri; font-size: large;">But the sad moment came; we are not sustainable
financially as it takes another 4 years or so to make a name for ourselves
(that is if students like us). Moreover, the existing lecturers are already
good enough to take over from us. So the management thanked us for our services
and no, we were <span style="text-transform: uppercase;">not sacked</span> from
Kaplan. We fully understand Kaplan’s situation and again it is not convenient to explain further.</span></div>
<span style="font-size: large;"></span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify;">
<span style="font-family: Calibri; font-size: large;">Like what my student said in the forum, “It
was a sad story”. I almost cried when I told my F7 students there but I still
managed to hold my tears till the class ends. I felt that I have disappointed
them when their seniors recommended me but I can’t take them through P2. They
have already gotten used to my consolidation method. The most I could do was to
give all of them my P2 written notes and materials to help them of which I did
last term. They wanted me to stay and teach them but I just can’t. My sms and
email can confirm this!</span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiT4lhgwN9je2s5U47xdXlHbtB5zR3s7JARvBWwuMtbRxPzJVbdUzKPFpu9Askxs2CqRXV8HTGniMohd5hn8mm8iYWbrlQkiOxtDLkJdGvLsaP_tL93nFMNI5sWXBVwCYZn5DGmRGfyVJo/s1600/Sgpstudent+-+Copy.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-size: large;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiT4lhgwN9je2s5U47xdXlHbtB5zR3s7JARvBWwuMtbRxPzJVbdUzKPFpu9Askxs2CqRXV8HTGniMohd5hn8mm8iYWbrlQkiOxtDLkJdGvLsaP_tL93nFMNI5sWXBVwCYZn5DGmRGfyVJo/s320/Sgpstudent+-+Copy.JPG" width="320" /></span></a></div>
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<span style="font-size: large;"> </span></div>
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<span style="font-family: Calibri; font-size: large;">About two weeks ago, Kaplan asked
if I could spare some time for P2 Jan 2013 Intake because my F7 students are
already familiar with my consolidation method. The existing lecturer is very
good just that our methods are different and it is difficult for students to
relearn another method. It wasn’t easy but I couldn’t accept the offer because
I am extremely tired travelling to Singapore. I felt sick couple of times
during the two semesters. Believe me! It is easier to say yes than no. I had to
let the offer pass and the saying “No, I can’t” was difficult that I had to mumble
it out. </span></div>
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</span><br />
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<span style="font-family: Calibri; font-size: large;">I always keep any communication
with colleges private however, in this case, I apologise to Kaplan management
that I have to reveal the offer merely to counter the notorious claim by
others. Kaplan management has been extremely good to me during my two semesters
with them. I wish them to know that it was very difficult for me when I said I
can’t accept the offer. </span></div>
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</span><br />
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<span style="font-family: Calibri; font-size: large;">Come to think of it, I am
surprised that the student mentioned I was asked to leave and made it sound
like I have been sacked. Whoever told the student that information must be
someone the student trusted very much; resulting in him/her making public such
erroneous claim. I believe the student has an acquaintance who is very familiar
with Singapore which makes me suspect that the information must have been
obtained from a Malaysian lecturer lecturing in Singapore. </span></div>
<span style="font-size: large;">
</span><br />
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<span style="font-family: Calibri; font-size: large;">I hope my suspicion is wrong
because I know all of them as my good friends even though we taught at
different colleges in KL. I just hope they won’t simply twist the facts. I
always hold on to the belief that lecturers should act professionally and
ethically. Anyway, I give them the benefit of doubt here; everyone is innocent
until proven guilty!!! Rest assured! I also won’t pursue further on this as I
prefer to be ignorant than to find out who it is. I know it is going to hurt
even more if I found out.</span></div>
Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com0tag:blogger.com,1999:blog-800980313890817980.post-67875580285296713452012-09-05T18:57:00.001-07:002012-09-05T19:41:18.983-07:00There Is Only One Truth ( Part II )<strong><span style="font-size: large;">Read my students' smses, so different from the comment from the forum... I wonder who is telling the truth?</span></strong><br />
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<span style="font-family: Calibri;"></span><br /></div>
<span style="font-family: Calibri;"></span><br />
<span style="font-family: Calibri;"></span><br />
<span style="font-family: Calibri;"><div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-size: large;">Some
students and lecturers told me before that the forum has now been infested by
unscrupulous Tuition providers and lecturers saying bad things about other
lecturers. This is their way of marketing so that student won’t sign up with
the other lecturers. I know that not all Tuition providers and lecturers are
that nasty and dirty. At least I hope they aren’t.</span></div>
<span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-size: large;">I
felt that my students should hear the real story and that is why I am writing
this article. When I told my wife that I want to defend myself, she advised me
not to enter the dark alley (Low Yat Forum) all these people have waiting for many
years and the minute you appear, they are sure going to MURDER you. You are in
the open (because I would never ever use a dupe account) and they are in the
dark. I would stand no chance with them. Why not I just defend from my blog, at
least if they leave nasty remark at your blog you can find out who they are.</span></div>
<span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-size: large;">So
that is just what I am going to do. I always believe the truth shall prevail
and I am going to answer those comment together with evidence to substantiate
my claim.</span></div>
<span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt; text-align: justify; text-justify: inter-ideograph;">
<span style="font-size: large;">Watch
out for my next posting where I will answer this:</span></div>
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</o:lock></v:path></v:stroke></v:shapetype></span></v:roundrect></v:roundrect> <span style="font-size: large;">“Asked
to leave Kaplan Singapore”. Is this true? How come I didn’t know that I was </span><a href="http://www.blogger.com/null" name="_GoBack"></a><span style="font-size: large;">sacked? Stay tuned for the next post.</span></div>
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Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com7tag:blogger.com,1999:blog-800980313890817980.post-16105775470448685522012-09-05T18:21:00.002-07:002012-09-05T19:46:39.764-07:00There Is Only One Truth ( Part 1 )<div style="text-align: justify;">
<span style="font-size: large;">A good friend told me that negative comments have been lambasted on me in a very popular ACCA forum. He got very upset saying this isn’t fair and I wasn’t even given a chance to defend myself. We share the same principle that we won’t interfere with comments in Lowyat as this forum is supposed to be exclusively only for students. Tuition providers and Lecturers should stay away from the forum but this has not been the case. All I can say is they are so “expert” in the forum that even I would be fooled to believe that they are genuine students.
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<span style="font-size: large;">Tips to spot the Tuition Providers/Lecturers representatives: Look at those that seemed very helpful initially, trying to help solve new students’ problems and being overly-convincing trying to proof that they are students. In the subsequent posts, once they have gained people’s trust they start condemning other lecturers. They will pull back a while and then come back again. After some time they will roll over to another nickname and start all over again. I could be wrong but I am seeing the same style being repeated over so many years. They just never give up. Well, you know what I think, with the time and effort, all this could be better channelled to improve our lectures and notes and to take care of our existing students who really deserves all the time that we could give to help them pass.
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<span style="font-size: large;">So I browse through the forum (http://forum.lowyat.net/topic/2278491/+1420) and what I read shocked me. Whenever my students talk good about me, they would be shot down by other senior forum members. It is very sad and it was a tearful experience hearing the remarks and comments given. It hurts real bad and I took days to recover. Those few days are the hardest moments in my life and I almost wanted to give up lecturing, something I love so much and has been doing for more than 10 years. If any student who doesn’t know me saw the remarks, they would label me as a bad lecturer.</span></div>
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<span style="font-size: large;">I never knew anyone would ever hate me that much. Worst of all, most of these senior members were neutral at first but later on turned extremely negative on me. These are people who has never attended my class and who doesn’t know me at all. I just couldn’t understand how this could happen. I can’t blame them because after I read some of the posts, I might even be misled, like what happened to them.</span></div>
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<span style="font-size: large;">I looked back to all the SMSes my former students sent me after they pass their papers. I read every single one of them. I kept those SMSes and every now and then, I would read them and it felt good and motivating. They were mostly complimenting me for my consolidation method and teaching but what I read in the forum is entirely the opposite of what I have believed and known to be true all this while. I attached some of them here. It took me quite some time to edit the pictures to block out the phone number as I won’t want any prank calls to my students and certain message mentioned about other papers which I also blocked. I did not manage to inform them that I am using their smses for posting due to the urgency of this matter. I am very thankful for their gratitude of sending me smses to let me know of their results. This is the reason why I love teaching so much.
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Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com3tag:blogger.com,1999:blog-800980313890817980.post-89906168734817242172012-05-29T19:45:00.002-07:002012-05-29T19:45:10.848-07:00<div><object style="width:420px;height:594px" ><param name="movie" value="http://static.issuu.com/webembed/viewers/style1/v2/IssuuReader.swf?mode=mini&viewMode=singlePage&backgroundColor=%23222222&documentId=120530024332-14648385df9647e883b91d24a8e33aa7" /><param name="allowfullscreen" value="true"/><param name="menu" value="false"/><param name="wmode" value="transparent"/><embed src="http://static.issuu.com/webembed/viewers/style1/v2/IssuuReader.swf" type="application/x-shockwave-flash" allowfullscreen="true" menu="false" wmode="transparent" style="width:420px;height:594px" flashvars="mode=mini&viewMode=singlePage&backgroundColor=%23222222&documentId=120530024332-14648385df9647e883b91d24a8e33aa7" /></object><div style="width:420px;text-align:left;"><a href="http://issuu.com/joeywsl/docs/f7analysisjune2012_mys_?mode=window&viewMode=singlePage&backgroundColor=%23222222" target="_blank">Open publication</a> - Free <a href="http://issuu.com" target="_blank">publishing</a> - <a href="http://issuu.com/search?q=acca" target="_blank">More acca</a></div></div>Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com0tag:blogger.com,1999:blog-800980313890817980.post-9998495538207438022012-05-29T19:37:00.000-07:002012-05-29T19:37:47.534-07:00F7 June 2012 Exam Guide<div><object style="width:420px;height:544px" ><param name="movie" value="http://static.issuu.com/webembed/viewers/style1/v2/IssuuReader.swf?mode=mini&viewMode=singlePage&backgroundColor=%23222222&documentId=120530023207-b92c86c928f34caab24af8859df97c7a" /><param name="allowfullscreen" value="true"/><param name="menu" value="false"/><param name="wmode" value="transparent"/><embed src="http://static.issuu.com/webembed/viewers/style1/v2/IssuuReader.swf" type="application/x-shockwave-flash" allowfullscreen="true" menu="false" wmode="transparent" style="width:420px;height:544px" flashvars="mode=mini&viewMode=singlePage&backgroundColor=%23222222&documentId=120530023207-b92c86c928f34caab24af8859df97c7a" /></object><div style="width:420px;text-align:left;"><a href="http://issuu.com/joeywsl/docs/f7exam_guide_for_june_2012?mode=window&viewMode=singlePage&backgroundColor=%23222222" target="_blank">Open publication</a> - Free <a href="http://issuu.com" target="_blank">publishing</a> - <a href="http://issuu.com/search?q=acca" target="_blank">More acca</a></div></div>Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com0tag:blogger.com,1999:blog-800980313890817980.post-59737467418209381862012-05-11T07:54:00.002-07:002012-05-11T07:54:26.457-07:00P2 Past Year Analysis June 2012<div><object style="width:420px;height:297px" ><param name="movie" value="http://static.issuu.com/webembed/viewers/style1/v2/IssuuReader.swf?mode=mini&viewMode=singlePage&backgroundColor=%23222222&documentId=120511145137-b2c5eb6d5c104538a41c62860b6db85e" /><param name="allowfullscreen" value="true"/><param name="menu" value="false"/><param name="wmode" value="transparent"/><embed src="http://static.issuu.com/webembed/viewers/style1/v2/IssuuReader.swf" type="application/x-shockwave-flash" allowfullscreen="true" menu="false" wmode="transparent" style="width:420px;height:297px" flashvars="mode=mini&viewMode=singlePage&backgroundColor=%23222222&documentId=120511145137-b2c5eb6d5c104538a41c62860b6db85e" /></object><div style="width:420px;text-align:left;"><a href="http://issuu.com/joeywsl/docs/p2analysisj12_int_?mode=window&viewMode=singlePage&backgroundColor=%23222222" target="_blank">Open publication</a> - Free <a href="http://issuu.com" target="_blank">publishing</a> - <a href="http://issuu.com/search?q=joe%20fang" target="_blank">More joe fang</a></div></div>Joe Fanghttp://www.blogger.com/profile/07272064989386768790noreply@blogger.com0