Going over the T8 paper for June 2010 - I was quite taken back on the level of difficulty that was dished out by the examiner - Brian Pine, this is because the depth of emphasis placed on internal audit was a bit heavy. The paper was difficult, comparing it to F8. I suppose that examiner may have wanted to possibly test aspects of the paper that is usually not tested.
The P7 paper on the other hand was a more balanced paper, with the examiner Lisa Weaver actually sticking to her initial statement that P2 Accounting standards would be examined. This makes P7 a paper that should be done with dual capabilities - ISA and IAS.
Overall the previous assessment of papers for auditing by ACCA -
Hardest - T8 (given the level of failures)
Optimum level F8 and P7
On that note, pass rates for a college is usually the effort of all the people that was involved in preparing the students for the exam, I suppose that if you had a strong T8 foundation, passing the F8 paper should be easier, but on the other hand, if you have a weaker T8 foundation or no T8, there is a high chance that you may not get thru the F8 paper (even if it was a very doable paper)
I remember teaching my T8 students to the level of F8,whenever I teach auditing - my objective is that if you have to prepare someone - it should be sufficient and appropriate for the overall outcome.
On that note Sunway JB achieved 80% pass rates in P7 for the previous June 2010 sitting - congratulations to all the students.
To all the other students that did get thru T8, F8 and P7 - well done, if you did not get thru, do not despair, keep at it.
For T8 students that did not get thru this time - consider whether you had put in continuous effort or last minute, if continuous - consider T10, which is a much easier paper to do compared to T8.
For F8 students that did not get thru this time - do not give up the paper, its best to do it this time since the next semester, the F8 paper will be examined with F7 IAS, currently it only covers F3 standards.
Tuesday, August 31, 2010
Thursday, August 26, 2010
Up date on J - Pro
The interest for P3 and F8 was sufficient for me to initiate a class for the 2 papers
The current schedule for p3 and f8 class is as follows:
P3 - Monday and Tuesday (10.00am - 1.00 pm)- RM1,000 (includes revision)
F8 - Wednesday (10.00 - 2.00 pm)- RM800 (includes revision)
The class will start on 6 th of September for P3 and F8 will start on 8th of September.
Both classes will cater for students that have some background in the paper, studied before but need some form of clarity in handling the exam questions. I will still do a re-cap of the theories and models for each paper, higher emphasis will be on exam techniques.
Please make your registration by sending an sms with your name and paper to my number. The class size is limited to 18 only (maximum that I want to tutor), confirm early.
P7 classes will be starting this Saturday 28th, those that have confirmed your seats please take note, there is still some room for others to join in (8 more seats only)
The current schedule for p3 and f8 class is as follows:
P3 - Monday and Tuesday (10.00am - 1.00 pm)- RM1,000 (includes revision)
F8 - Wednesday (10.00 - 2.00 pm)- RM800 (includes revision)
The class will start on 6 th of September for P3 and F8 will start on 8th of September.
Both classes will cater for students that have some background in the paper, studied before but need some form of clarity in handling the exam questions. I will still do a re-cap of the theories and models for each paper, higher emphasis will be on exam techniques.
Please make your registration by sending an sms with your name and paper to my number. The class size is limited to 18 only (maximum that I want to tutor), confirm early.
P7 classes will be starting this Saturday 28th, those that have confirmed your seats please take note, there is still some room for others to join in (8 more seats only)
Sunday, August 22, 2010
Results are out
Well the results for the audit papers are out, it seems that F8 had more passes compared to fails, but then there are cases of students getting the dreaded 49 marks.
For those that got a pass, well keep up the good work, those that took P7 and graduated - welcome to ACCA membership.
Overall do not despair if the results are not what you expected, since many factors can contribute towards the marks that hold in your hand. The following are the main contributors
1. Effort allocated for studying
2. Mental state at the exam date
3. Spots
4. Perception of the paper (hard/easy)
5. Reading and understanding the questions
6. Lecturer
If you go the ACCA Forums, there is a lot of discussion regarding the lecturers and whether they can help you pass the paper - answer will be yes and no, since there are so many other factors that impacts your ability to pass.
So making a correlation analysis between pass and lecturer is dangerous, since if you do that, it would imply that student passing is dependent on the lecturer and nothing else.
So, now that you know what are the factors that can contribute towards the marks, you should plan to move on with a better view of reality.
I would emphasis the need for some of you to sit back and reflect the journey for that marks, what is it that you did well and what is it that you had done poorly to improve yourself for the future.
The results should be a reflection tool to inform you on what to do for the future.
For those that got a pass, well keep up the good work, those that took P7 and graduated - welcome to ACCA membership.
Overall do not despair if the results are not what you expected, since many factors can contribute towards the marks that hold in your hand. The following are the main contributors
1. Effort allocated for studying
2. Mental state at the exam date
3. Spots
4. Perception of the paper (hard/easy)
5. Reading and understanding the questions
6. Lecturer
If you go the ACCA Forums, there is a lot of discussion regarding the lecturers and whether they can help you pass the paper - answer will be yes and no, since there are so many other factors that impacts your ability to pass.
So making a correlation analysis between pass and lecturer is dangerous, since if you do that, it would imply that student passing is dependent on the lecturer and nothing else.
So, now that you know what are the factors that can contribute towards the marks, you should plan to move on with a better view of reality.
I would emphasis the need for some of you to sit back and reflect the journey for that marks, what is it that you did well and what is it that you had done poorly to improve yourself for the future.
The results should be a reflection tool to inform you on what to do for the future.
Thursday, August 5, 2010
Review of F8 June 2010 - Pam Bahl examiner
Reading the previous paper for F8 seems to indicate that the paper was set at a more doable basis compared to the Dec 2009 paper. The examiner has also included in the examiner answer, reference to IAS, which was not something unexpected.
The new style of examining of audit, which includes an emphasis on the accounting standard is consistent with P7 paper, where Lisa Weaver/Kim Smith has already examined the P2 standards in the P7 paper.
The transition from Alan to Pam, should be one that moves the paper to be more dreaded paper, to one which is of similar standards to F7 and F9 paper. This I believe is in the best interest of the students, since it would allow for a more balance approach when studying for ACCA examinations.
That said and done, Malaysian students will always find written papers harder compared to computation papers.
I did enjoy reading the previous paper for F8, it seems more direct compared to previous testing - where the knowledge required is clearly stated. There was a sufficient balance of procedure based questions that required understanding as well as knowledge based questions.
The questions that was asked in the previous F8 paper are summarised below:
Planning 4
Risk 10
Substantive procedures 6
Controls 10
Regulatory 5
Materiality 5
Procedures 14
Controls 6
Acceptance procedures 5
Ethics 15
Going concern 10
Procedures 6
Reporting 4
The paper had a total of 31 marks allocated for procedures based questions
The balance was well spread to cover the overall syllabus, with sufficient coverage of controls and ethical matters.
Overall a reasonable paper
Good luck on the results
The new style of examining of audit, which includes an emphasis on the accounting standard is consistent with P7 paper, where Lisa Weaver/Kim Smith has already examined the P2 standards in the P7 paper.
The transition from Alan to Pam, should be one that moves the paper to be more dreaded paper, to one which is of similar standards to F7 and F9 paper. This I believe is in the best interest of the students, since it would allow for a more balance approach when studying for ACCA examinations.
That said and done, Malaysian students will always find written papers harder compared to computation papers.
I did enjoy reading the previous paper for F8, it seems more direct compared to previous testing - where the knowledge required is clearly stated. There was a sufficient balance of procedure based questions that required understanding as well as knowledge based questions.
The questions that was asked in the previous F8 paper are summarised below:
Planning 4
Risk 10
Substantive procedures 6
Controls 10
Regulatory 5
Materiality 5
Procedures 14
Controls 6
Acceptance procedures 5
Ethics 15
Going concern 10
Procedures 6
Reporting 4
The paper had a total of 31 marks allocated for procedures based questions
The balance was well spread to cover the overall syllabus, with sufficient coverage of controls and ethical matters.
Overall a reasonable paper
Good luck on the results
Sunday, August 1, 2010
P7 Training Schedule for AUGUST - NOVEMBER 2010
TRAINING FOR P7 2010 IS SCHEDULED AS BELOW:
August 28 8.30 am to 5.30 pm Ethical & Regulatory framework
September 10,11 and 12 8.30 to 5.30 Risk, Groups & Other Assignments
September 18 8.30 to 5.30 Reporting
September 26 6.00 to 9.00 Current issues
October 2,3,9,10,16,17,25,31 6.30 to 9.30 Case studies
Please note that training is limited to 15 participants only, so sms to my number to confirm your seats. Training timetable can still be modified a bit but tentatively this is the dates, block out the calender for those days.
CURRENTLY BOOKINGS 4, BALANCE AVAILABLE 11
PRICE PER PARTICIPANT: RM 1,000
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