ACCA Malaysia

ACCA Malaysia has appointed Jennifer Lopez as its new country head. She commented that she is very honuored to be the newly appointed Malaysia Country Head

This is her background:-

Jennifer Lopez had joined ACCA in 2004 and has led training programmes on international financial reporting standards (IFRS), international standards on auditing and corporate governance and ethics. Prior to joining ACCA, she was employed at PwC Malaysia, working with a wide range of Malaysian and multinational clients on audit and business advisory assignments.

Source:-
http://www.accaglobal.com/allnews/global/2009/NEWSQ4/News/3272831

ACCA December 2009 Examiners

Paper F1, Accountant in Business	Bob Souster
Paper F2, Management Accounting	David Forster
Paper F3, Financial Accounting	Nicola Ventress
Paper F4, Corporate and Business Law (BWA)	John Kiggundu
Paper F4, Corporate and Business Law (CHN)	Zhidong Chen
Paper F4, Corporate and Business Law (CYP)	Pambos Ioannides
Paper F4, Corporate and Business Law (ENG)	David Kelly
Paper F4, Corporate and Business Law (HKG)	Paul Kwong Kin Ning
Paper F4, Corporate and Business Law (LSO)	Umesh Kumar
Paper F4, Corporate and Business Law (MLA)	Louise Ellul Cachia Caruana
Paper F4, Corporate and Business Law (MYS)	S Thalmalingam
Paper F4, Corporate and Business Law (PKN)	Muhammad Haroon Mumtaz
Paper F4, Corporate and Business Law (RUS)	Robert Souster
Paper F4, Corporate and Business Law (SGP)	Erin Goh-Low Soen Yin
Paper F4, Corporate and Business Law (VNM)	Robert Souster
Paper F4, Corporate and Business Law (ZAF)	Jopie Pretorius
Paper F4, Corporate and Business Law (ZWE)	Emmanuel Magade
Paper F5, Performance Management	Ann Irons*
Paper F6, Taxation (BWA)	Terry Brick
Paper F6, Taxation (CHN)	Kit Chung
Paper F6, Taxation (CYP)	George Poufos
Paper F6, Taxation (CZE)	Milena Hrdinkova
Paper F6, Taxation (HKG)	Betty Kwok Yuk Sim and Shirley Fu Me Yuk
Paper F6, Taxation (HUN)	Attila Csutora
Paper F6, Taxation (IND)	N Rangachary
Paper F6, Taxation (IRL)	Delma Carey
Paper F6, Taxation (LSO)	Nthoto Ramalefane
Paper F6, Taxation (MLA)	Mark Grech
Paper F6, Taxation (MWI)	Andrew Chioko
Paper F6, Taxation (MYS)	Shareena Othman (Cheong Shaw Gor)
Paper F6, Taxation (PKN)	Nusswan Rustomjee
Paper F6, Taxation (POL)	Jan Czerniawski
Paper F6, Taxation (RUS)	Natalia Denisova
Paper F6, Taxation (SGP)	Damien Hong Chin Fock
Paper F6, Taxation (VNM)	Warrick Cleine
Paper F6, Taxation ( UK )	David Harrowven
Paper F6, Taxation (ZAF)	Jennifer Roeleveld
Paper F6, Taxation (ZWE)	Georgina Masike
Paper F7, Financial Reporting	Stephen Scott
Paper F8, Audit and Assurance	Pami Bahl*
Paper F9, Financial Management	Antony Head
Paper P1, Professional Accountant	David Campbell
Paper P2, Corporate Reporting	Graham Holt
Paper P3, Business Analysis	Steve Skidmore
Paper P4, Advanced Financial Management	Shishir Malde*
Paper P5, Advanced Performance Management	Shane Johnson
Paper P6, Advanced Taxation (CHN)	Shirley Fu Me Yuk
Paper P6, Advanced Taxation (CYP)	Loizos Timinis
Paper P6, Advanced Taxation (HKG)	Betty Kwok Yuk Sim and Shirley Fu Me Yuk
Paper P6, Advanced Taxation (IRL)	Louise Langan
Paper P6, Advanced Taxation (MLA)	Kevin Catania
Paper P6, Advanced Taxation (MYS)	Richard Thornton
Paper P6, Advanced Taxation (SGP)	Jenny Lim
Paper P6, Advanced Taxation ( UK )	Rory Fish
Paper P6, Advanced Taxation (ZAF)	Jennifer Roeleveld
Paper P6, Advanced Taxation (ZWE)	Steve Matoushaya
Paper P7, Advanced Audit and Assurance	Lisa Weaver

* Examiner has reviewed, but not written the exam paper this session

ACCA Exam Dates for December 2009

Good luck in ACCA Exam December 2009

Exam timetable for ACCA Exams dates for December 2009

07 December 2009 (Mon)
F6 Taxation / P6 Advanced Taxation

08 December 2009(Tue)
F4 Corporate and Business Law / P7 Advanced Audit and Assurance

09 December 2009 (Wed)
F3 Financial Accounting / F8 Audit and Assurance

10 December 2009 (Thu)
F9 Financial Management / P4 Advanced Financial Management

11 December 2009 (Fri)
F2 Management Accounting / P5 Advanced Performance Management

2 days for you to rest before the start of next ACCA Exam December 2009 paper

14 December 2009(Mon)
F5 Performance Management / P1 Professional Accountant

15 December 2009 (Tue)
F7 Financial Reporting / P2 Corporate Reporting

16 December 2009 (Wed)
F1 Accountant in Business / P3 Business Analysis

ACCA Pass Rate June 2009

We need to see how is the passing rate to decide which paper to take next. Rumour said there is a possibility that when the paper has a lower passing rate this ACCA June 2009 session then most probably in ACCA December 2009 session it will raise up the ACCA pass rate in December 2009.

The pass rates for the June 2009 sitting of the ACCA Qualification June 2009 Session are as follows:

F1 Accountant in Business - 73%*
F2 Management Accounting - 57%*
F3 Financial Accounting - 55%*
F4 Corporate & Business Law - 43%
F5 Performance Management - 41%
F6 Taxation - 61%
F7 Financial Reporting - 30%
F8 Audit and Assurance - 34%
F9 Financial Management - 42%
P1 Professional Accountant - 48%
P2 Corporate Reporting - 44%
P3 Business Analysis - 50%
P4 Adv Financial Management - 30%
P5 Adv Performance Management - 32%
P6 Adv Taxation - 37%
P7 Adv Audit and Assurance - 37%

* Results achieved by students for paper based examinations and computer based examinations during the period of 1 February 2009 to 31 July 2009.

ACCA Exam Tips June 2009

ACCA Exam Tips for June 2009 from 7city
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Paper F4
* Delegated legislation, statutory interpretation, human rights
* Consideration, privacy and contract terms
* Duty of care in the tort of negligence, professional negligence
* Distinguishing employment contracts from self employment
* Choice of corporate name
* General meetings and company secretary
* Insider dealing
* Corporate governance
* Liquidation, wrongful trading

Paper F5
* Compare traditional absorption costing with activity based costing (ABC) and the implications of switching to ABC
* Theory of constraints, throughput costing and back flush accounting
* Multiple limiting factors and shadow prices
* Short term decision making – shut down decisions, make or buy decisions
* Activity based budgeting and variance analysis, forecasting methods
* Transfer pricing
* Planning and operational variances


Paper F6
* Q1 – Income Tax – Employed and Self Employed + VAT
* Q2 – Corporation Tax – Adj profit + Groups
* Q3 – Capital Gains Tax – Individuals inc. Entrepreneurial Relief
* Q4 – Corporation Tax Overseas Income/DTR
* Q5 – NIC

Paper F7 Financial Reporting (INT)
* Q1 – Consolidated Statement of Financial Position (Parent, Subsidiary and Associate)
* Q2 – Single Company financial statements including adjustments for Deferred tax, rights issue, financial instruments and provisions.
* Q3 – Cash flow
* Q4 – Impairments + Framework
* Q5 – Construction Contracts

Paper F8
* Inventory – Physical verification, testing valuation and cut-off
* Acceptance of appointment – Ethical and practical issues
* System evaluation, use of CAATs and management letters
* Audit of estimates including provisions and contingencies
* Understanding unmodified audit reports and modified opinions
* Principles of corporate governance and the link to internal audit

Paper F9
* Working capital –
- EOQ with discounts, buffer stock and Just in Time
- Early settlement discounts
- Cash management models Baumol and Miller Orr
* Investment appraisal - dealing with uncertainty – expected values and sensitivity analysis
* Capital Asset replacement decisions
* Capital rationing
* Use of weighted average and marginal costs of capital odigliani and Miller and pecking order theories of equity versus cost of debt
* Interest rate risk and management

Paper P1
* Corporate Governance – risk management, director's remuneration and non
* executive director's responsibilities
* Ethical dilemma – American Accounting Association decision model,
* Stakeholder management - Gray Owen and Adams social responsibility. Mendelow's Matrix
* Risk audit - in house versus external provision. The need for internal audit
* The contents and process of a social/environment audit
* Enterprise risk management models, the requirements for risk reporting

Paper P2
* Complex group statement of financial position using net assets approach to goodwill
* Employee benefits
* Deferred tax
* Financial instruments including the impact of mark to market and hedge accounting
* Impact of accounting policies on a financial covenant
* Accounting for environmental issues including provisioning

Paper P3
* Strategic positioning – Porter's National Diamond and five forces models
* The extended marketing mix (7 P's model), E marketing and CRM
* Strategic capability – the 9 M's model, benchmarking and CMMI
* Stakeholders and ethical theories and dilemmas
* International orientation
* Change management, reasons for change, force field analysis and change agents
* Swim-lane/process flow diagrams

Paper P4
* Multi period capital rationing with taxation
* Geared and ungeared B's
* Ethical financial policy and corporate governance
* Option pricing theory – using Black Scholes model
* Foreign exchange risk, SWAPS and options, Value at risk
* Strategic planning for multinationals

Paper P5
* The value chain and business process reengineering
* Pricing, cost, demand and marketing driven approaches
* Behavioural and motivational aspects of budgeting and beyond budgeting

* Internal analysis models – Porter's 5 forces, the BCG matrix and Ansoff's growth matrix
* Internationalisation and divisional performance measurement
* Stakeholders and Mendelow's matrix

Paper P6
* Tax Planning and Trusts
* Corporation Tax Groups
* Overseas Income Tax Issues
* VAT, Stamp Duty and Stamp Duty Land Tax
* Inheritance Tax Planning

Paper P7
* Prospective financial information and assurance assignments
* Audit procedures potentially covering impairment of financial instruments
* Ethical scenarios
* Audit risk and potential for earnings management and fraud in a group scenario
* Issues associated with the control weaknesses and collection of evidence for a not-for-profit organisation
* Audit challenges of determining going concern status

ACCA Exam Dates for June 2009

It is impossible to sit ACCA Exams June 2009 that are held on the same day eg you cannot sit Paper F4 Corporate and Business Law with P7 Advanced Audit and Assurance.


Exam timetable for ACCA Exams June 2009

01 June 2009 (Mon)
F6 Taxation / P6 Advanced Taxation

02 June 2009(Tue)
F4 Corporate and Business Law / P7 Advanced Audit and Assurance

03 June 2009 (Wed)
F3 Financial Accounting / F8 Audit and Assurance

04 June 2009 (Thu)
F9 Financial Management / P4 Advanced Financial Management

05 June 2009 (Fri)
F2 Management Accounting / P5 Advanced Performance Management

06 June 2009 (Sat)
No Paper on ACCA Exams June 2009

07 June 2009 (Sun)
No Paper on ACCA Exams June 2009

08 June 2009(Mon)
F5 Performance Management / P1 Professional Accountant

09 June 2009 (Tue)
F7 Financial Reporting / P2 Corporate Reporting