F5 Countdown

Saturday, May 31, 2008

F6 Tax

Question 1 Company
Question 2 Individual

Question 3, 4, 5.
Focus on
1. Service tax & sales tax
2. Basis period
3. Section 108 a/c
4. WHT : interest, special classes & contract payment
5. Allowance: QBA, Agriculture allowance
6. Partnership
7. Tax Admin

Tips for TAX?

well, the syllabus is not very wide and Question 1 & 2 is 'known' question.

The problem is Question 3, 4 & 5. for these 3 questions, i GUESS a guaranteed 1Q on Service & sales tax.
The other 2Q will be a little of everything else but focus on partnership, Agriculture allowance, basis period & WHT.


However, i have a little hunch that question 2 might be partnership instead of individual. we'll never know till Monday.

i advice on looking at how the examiner gives marks especially on Q3, 4 & 5. As she gives marks on key words and usually it's 1 mark 1 point(ouch!). so, aim to 'gain as much mark as possible'!

Friday, May 30, 2008

Thursday, May 29, 2008

F4 Focus

BPP tips
English Legal System
• Court Hierarchy and the operation of judicial precedent. (BPP Study Text Q1 & Q2)
• How statute is created, delegated legislation – types, advantages, disadvantages and control.
• Impact of the Human Rights Act. (BPP Study Text Q3)

Law of Obligations
• Types of contractual terms – warranties, conditions and innominate terms. (BPP Study Text Q8)
• The rules governing offer, acceptance, consideration and intention in contract formation. (BPP Study Text Q4, Q5, Q6, Q7)
• Breach of contract including common law and equitable remedies. (BPP Study Text Q10 & Q11)
• Exclusion clauses, including the common law and statutory restrictions. (BPP Study Text Q9)
• The law of tort - knowledge questions will focus on definitions of the 3 stages in a tort, plus the defences. Application questions may ask you to advise on whether a tort has been committed and what the likely outcome will be. (BPP Study Text Q12 & Q13)

Employment Law
• The distinction between Employees and Self-employed workers, how this is made, and why it is important.
• The rights and duties of employees and employers. (BPP Study Text Q14)
• Workers rights upon dismissal including redundancy, unfair, wrongful and constructive dismissal. (BPP Study Text Q15)

Business Formation and Constitution
• The law of agency and partnerships – types and duties of partners. (BPP Study Text Q16 & Q17)
• How a company is formed and the role of agents. (BPP Study Text Q18 &Q19)
• The advantages of trading via a company, how the veil of incorporation can be lifted under common law and statute.
• The contents and impact of the Memorandum and Articles of Association. (BPP Study Text Q20 & Q21)

Capital Financing
• The different classifications of share capital and the rules for issuing and paying for new share capital. (BPP Study Text Q22 & Q24)
Fixed and Floating charges. (BPP Study Text Q23)

Management and Administration of Companies
• Defining/describing the different types of meetings and resolutions. (BPP Study Text Q26)
• The statutory general and specific duties of directors. (BPP Study Text Q25)
• Appointment, removal, powers and duties of directors, secretaries and auditors.

Companies in Difficulty
• The difference between compulsory and voluntary (creditor’s and member’s) liquidation. (BPP Study Text Q27)
• The process and advantages of administration.

Ethics
• Questions could be either knowledge or application. The focus is likely to be on the roles and responsibilities of directors. A detailed knowledge of the Combined Code is NOT required. (BPP Study Text Q28)
• The law of Insider Dealing or Money Laundering will feature on most papers. (BPP Study Text Q29)


Han's tips:
A: Judicial precedent
statutory interpretation

Human rights

B: Intention to create legal relation
Capacity of contract - MINORS
Consent clauses
Breach of contracts & REMEDIES
LAW OF TORTS

C: Contract of service vs contract for service
Advance can be granted to employee
Constructive dismissal + remedies

D: Define agency
Ratification
Authority

Promoter

Memorandum & articles

E:Variation of class rights
Floating charge v fixed

F: Directors fiduciary duties
Secretary
Meeting & resolution

G: Liqudation - voluntary & compulsory
receivers vs managers

H:
Concept of corporate governance
BOD responsibilities

MONEY LAUNDERING
INSIDER DEALING


Due to the fact that there's only 2 past year to rely on Pilot & Dec 07, harder to distinguish sun,star and Moon. as in more sun and stars...

About 3 out of 10 question from the pilot paper came out in Dec 07. not the entire question but the sub-topic that it touches. So, start bang highly on pilot and get a minimum of 30%. the others, on ur own.

however, the moon areas are Dec 07 questions:
1. Delegated legislation(adv + disadv) v Legislation
2. Lay off & redundancy
3. Characteristic of partnership
4. exempt private v non-exempt private & wholly subsidiary
5. offer vs itt & termination(revocation only) PILOT
6. Reduction of capital
7. Audit committee PILOT
8. Lifting veil of incorporation & fraudulent behaviour PILOT
9. Directors substantial property transaction S132E & over-aged director S129
10. a little on consideration & certainty of subject matter PILOT

All the best and have fun!! =P

Exclusion clauses : 'all tips above has no guarantee, it's only a focus and not to rely 100%.'

Wednesday, May 28, 2008

F5 Consultation Days

Due to unforseeable circumstances, I would like to reschedule my original consultation days from 27th & 28th May to:
Date : 30th May and 7th June 2008
Venue : ACCA Academic Staff Room, Room 409
Time : 9:30 am - 1pm

Ms Voon Sia

Saturday, May 24, 2008

End of Classes!

Acca Group 1 Jan-June 2008 has officially ended classes. NOW, it's our time to FIGHT the examiner like war!

Good luck and all the BEST!!

F4


F5

F6

if u look closely, all 3 cards leaves a trademark, 2 trademark!

Sunday, May 18, 2008

Tue 20 - F6 8am-530pm Lt5
Wed 21 - F6 8am-530pm Lt5
Thu 22 - F6 8am-530pm Lt5
Fri 23 - F6 830am-1230pm Lt5



F5:
You are welcome to drop in any time during these consultation hours:

Date : 27th, 28th of May and 7th of June 2008.
Venue : ACCA Academic Staff Room 4th floor, Room 409
Time : 10 am - 1pm

Ms Voon Sia

Thursday, May 15, 2008

Bpp Tips

WARNING :The examiners deliberately try to avoid question spotting. Use the tips as areas to have a good look at, but remember that no-one knows what’s in the exam except the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.

F4
Although F4 is not MYS variant, English law has many similarity with Malaysian Law.

F5

F6
Not reliable. Syllabus vary a lot from our MYS variant. Just follow Ms Rozi teaching, notes and exercise, a guaranteed SCORE.
Fri 16 - F4 630pm-930pm Lt4
Sat 17 - F4 8am-630pm Lt4
Sun 18 - F4 8am-630pm Lt4

Online Examiner's Presentation

Online examiner's interview

F4

F5

F6

Although, F4 and F6 is not MYS variant. it is very important for us to thoroughly skim through the transcript. F5 is very important to understand how to answer the question.

i ll try to point out the main point in the next post.

Sunday, May 11, 2008

F5 NIGHT class

Performance Management - Ms Voonsia
7pm-10pm
Audi 7

Saturday, May 10, 2008

Today is Mother's day...

things you should do:
1. wish your mum via personally, technology
2. spend time talking with her (min 5minutes)
3. Go for dinner to celebrate or lunch or breakfast or tea or even supper


anyway,
Today's F5-performance management edc/efc last day of class. have fun?