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It does sound odd.
I’d not expect to have a wide range of B/S accounts compared to P&L so this way you’d lose the detail of what types of expense had been incurred.
The key thing is whether they’re manipulating the profit, ie only releasing expense when there is sufficient revenue to generate a target profit.
On the other hand, if the accrued cost could be linked to on hand inventory and is only released when that inventory is sold, it would be ok.
@kairong said:
I was just transferred to member, and I can also search for my name on ACCA’s website “Find an accountant” section. The last communication I received from ACCA was on 24th, stating that they approved my membership application and it will be reflected on myacca on 10 working days. Graduate pending member status turned to Member yesterday. I guess we will receive the certificate in July, as the committee sealing the certificates will meet in late June.I guess I can start using the initials ACCA after my name, is it correct? So don’t need to wait for the actual certificate to arrive, having a status of Member in myacca, and being searchable in the ACCA member’s directory is enough? I am out of business cards now, want to order some next week, and I’m not sure whether I can use ACCA already.
Yes you can use the letters ACCA as soon as it says member in MyACCA.
It’s a while since I did the exams but F5 was considerably easier than F7 and F9.
I’d look at the specimen papers for each and pick based on that.
Something like this would be fine and probably similar to what you used previously.
The default between fractions or decimals can be changed in the settings of all the casios I’ve used, but you need to read the manual to find the setting, it’s not obvious.
https://www.amazon.co.uk/Casio-FX-83GTPLUS-S-UH-FX-83GTPLUS-Scientific-Calculator/dp/B001O3IF9U/
I hope you can’t!
From Amazon:“Easy to use calculator with financial and scientific functions
Solves Time-Value -of- Money calculations such as annuities, mortgages, leases, depreciation and amortisation”It sounds like it can answer the question for you….
My certificate arrived today!
I’m in the UK. Member since 20th Jan, certificate issued on 11th March.
Which country are you in?
I doubt you need any specific additional qualifications to be a real estate accountant vs a financial or management Accountant.
The current ethics module is pretty pointless and takes 2-4 hours at most.
It’s all pretty obvious ethical stuff you’d get on any corporate ethics training.
P4 links to P1 and 2 as shown in the below link.
For any P paper you should be looking at the ACCA website and the paper relationships.
When the syllabus was designed, p1-3 were meant to be done first. Whilst they removed this restriction they didn’t make significant changes to the papers so you should have a good reason to do them out of order.
Has anyone received a certificate from the 11th March ACCA meeting?
A friend studying CAT has theirs and it was dated the 11th.
Remember some of the exams are changing next year. There’s also little benefit to doing the options before the mandatory P papers. Some of the tuition providers assume P1-3 have been done before P5 for example.
I wouldn’t suggest focusing on the prizes, focus on becoming an accountant. Whilst it’s nice aim to be the best possible, having that as your target means your ultimately destined for failure as so few can achieve that level.
A successful PER for one person won’t be any good for another, not just because our experiences are different but mostly because the person signing them off is different.
Just complete one of the easier objectives, share it with your mentor and go from there. The ACCA even simplified the process last year, reducing the requirements considerably.
Asking for examples is pretty pointless and I’d say borderline unethical.
In the old system you self-certified your time in a relevant role. I think In the new system you get it approved, it only need to do so for the portion after the new system went live.
I hadn’t more than 3 years when the new system launched and never had to get my time signed off.
Who’s going to sign them off? They’re the best person to ask for advice as they judge whether you’ve met the objective.
Using the decision tool to simulate your scenario, it suggests you can use the experiences from your old role but need to put them into the tool again. How you’d get these signed off I’m not sure though as you’ve changed companies.
Realistically though, is knowledge you gained 12 years ago, information you need to be able to complete your PER today? I’m sure you have more recent knowledge that will avoid needing to use your older experiences.
I’d suggest doing the mandatory P papers first, there’s no real benefit of doing the options first.
This also avoid any issues with the syllabus changes next year (replacing P2).
I’d suggest doing 3 per year. (March June and December, giving you the summer to enjoy it with your wife planning for the birth.
I started my F papers when my wife was pregnant and did one exam every 6 months until I qualified in January. If 4 sittings per year had been available then this would be the approach I’d have taken.
@montelik said:
Working at an audit firm would be considered public practise per ACCA, even if it is in a jurisdiction outside the UK, right? So long as such work related to general audit work being done by the firm (I.e Not just being the payroll officer at an audit firm)?I always took it to mean you were senior enough to be signing off on the audit report, not just contributing to an element of it.
I think that’s something worth creating a separate thread for as it’s not linked to the initial membership application process.
I don’t think jurisdiction matters as pretty much all large audit companies are groups of partnerships with the specific company operating in its home market.
Some sort of retention is pretty normal yes. Worst case is you leave and have to pay it back.
Either way it’s pretty fair.
My company pays for everything, but if you leave you pay back 75%, reduced to 50% after a year and down to 0 after 2 years.
US GAAP must have come first.
It’s only when trade became globalised did a need for international accounting standards become needed, so local GAAP would have been around far longer than IFRS or IAS.
@chisasula said:
Mine is just written affiliateHave you applied for membership yet? If you have it hasn’t been approved yet.
@haywhyoh said:
My status has changed now to member?Excellent! Maybe they’re meeting weekly at the moment (it’s a busy time I guess after exam results)
Technically you can’t use ACCA until the committee approves your membership.
The £95 is your fee for 2017 and was due at the beginning of the month. You also now owe £231 for moving from student to member. It just looks more expensive when you apply in January. If you’d applied in June you’d probably not even think about it 🙂