Summary of 2009

It's been a year, knowing you as my friend. It has been an honour to do so... Well here we will have to say goodbye to 2009 and say hello to 2010...

Some Major outbreaks happen in my 2009 Life:

February

A CAT (Certified Accounting Technician) Graduate...

April

• Social Gathering, the memories that I have with you... Vanished...
• Graduation

• 100th Post
• Changed Colour Spectacles the White old me has somehow transformed into Purple..

July

• First time being into a Club - Quattro it is... Thanks PY
• PROM!!!
• Birthday second time of me heading to a Club thanks guys for the wishes, GrandPa passed away on this day too..

December

It's official now that i have completed Year 2 and i'm just hours away from Year 3... People do salute you when they know you are studying ACCA!!!

Can't wait to see you all on January 2010.. anyways happy 2010 eve...

See you in the New Year,

Jacques

Kok Kuan's Birthday Autograph

Happy Birthday

Brian Liew Kok Kuan (a.k.a Bear-bear)

What a happy occasion! You are going to be 20 years old on 4 January! My you are getting so big and I do mean BIG!

It’s been 3 years, since this day you be reading this is on the 2nd of Jan 2010… Well since today is your big day.. I’m here to wish you a very Happy, Joyful and Memorable Birthday to you…

I don’t recall since when I know you… but there’s an assurance of me knowing you as my Classmate in S4.. You did bring joy and happiness to the class especially you did make the teachers day when they go PMS (Premenstrual syndrome).

You are Famous I can say… all walks of life living in the school will know you, as I do recall seeing you being chased by girls and guys wherever you go…

I hear you will be having a party! Birthdays are much more fun when you can share the excitement with your friends. They probably will have tons of fun too!

I hope you get everything you want on your birthday, especially the wishes you have been waiting for. I know you can do that if you try!

Birthdays come only once a year, so make sure to enjoy it and have lots of fun.

P.S. Don't eat too much cake and ice cream!

Merry Christmas '09

Merry Christmas

I think it would be weird for me to say Ho.. Ho.. Ho.. as if I'm calling myself.. so in order to not do so... No Ho.. Ho.. Ho.. will be applied here...

Christmas, the time to be joyful.. well when we talk about Christmas we should be joyful isn't it..

Well am now listening to David Archuleta - Christmas from the Heart.. suddenly with the slow, emo style song really make you feel blessed with God's creation of the world, humans and animals...

I'm really blessed with a good family i can say.. Thank you..

Thank you for the Creations you have done to make the world a better place, thank you for sacrificing yourself to prove to us that we should good at all times... Your sacrifice will not be wasted in my hands...

Merry Christmas,
Jacques Ho

Dec 2009 Exam Review

Motto: Let's kill the Examiner!!!
Date:9 , 10 and 15 Dec 2009

F8 - 9th December 2009
Was a little confident as did put in 200% of hard work in this paper after PT1, 2 and MOCK bad result... However did waste 10 marks due to human error... Although the materiality level is low but it does effect my OBU marks...

F9 - 10th December 2009
Heard from course mate saying that it's very, VERY hard... non-stop Facebook SPAMs, even Ms. Geetha have to post a quote for those people that SPAM Facebook whole night... I will not say it's hard but it's a fair paper...

F7 - 15th December 2009
Ever try of being too stressful till all your digestion system goes haywire? That did happen to me... have to go in to the toilet for like 5 times a day.. IAS which need to be memorized which accumulates up to like 25 - 30 standards... I will say it's a hard paper, but i did manage to answer it correctly as i believe what i write will gain me a mark...

Conclusion:
My conclusion for this sitting will be study using TIPS!!!! (provided by your lecturer only..)

Answer my Pray,
Jacques Ho

Self Re-Structed Tips

Disclaimer: Tips may not be 100% Correct

F8 Tips

Ethics
• Appointment, Quality Control
Purchases
• Audit procedure, Control Weakness, Recommend Improvement, Analytical Procedure, Cut Off
Inventory Count
• Perpetual Count (weakness)
Fraud & Error
• Responsibility of Auditor
Going Concern
• Assurance Work, Audit Procedure
Corporate Governance
• Improvement
Small Entities
• Internal Control Procedure (effectiveness)
Audit Risk
Payroll
Management Letter

Subsequent Events – Responsibility of Auditors
Audit Report – Types, Effectiveness (modified)
Revenue – Cut Off
Not For Profit Organizations – Completeness, Accuracy, Cut Off (Income and Expenditure)
Internal Control - Adequacy
Analytical procedures embedded in Substantive tests
Non-current assets – Valuation, Substantive Test, Audit Procedure
Internal Audit – Duties, Outsourcing
Audit Committee – Duties
Risk Assessment – Substantive Procedure
System and Computer Audit
Audit Planning
Liabilities
Bank
Audit Sampling
Debtor Circularisation


F9

EAC, Capital Rationing, Sensitivity Analysis, Leasing against Purchasing
Debtors, Inventory, Factoring, Discount Policy (benefits), Miller-Orr, Baumol
Rights Issue, Business Valuation, Convertible Debt
Source of Finance for SME – Gov. Back-up Scheme, Business Angles
CAPM + WACC (Risk) – Project Specific Dis. Rate
Beta asset, Beta equity – Biz. Valuation, Cost of Capital
Risk Management – FRA
Exchange Risk Management – Hedging
Yield Curve - Theory

Methods of Appraisal
Cash Management Models
Business Finance – Gearing and Ratios


F7
Question 1
Consolidated statement of financial position (balance sheet), with Associates.

Question 2
Published accounts preparation from TB or re-drafting

Question 3
Statement of cash flow with some interpretation

Questions 4 & 5