It was very nice to receive a message from one of my ACCA students, Samyak M. Shah. He writes as follows:
'Please note that by God's Grace and blessings of wellwishers like yourselves, I have passed Paper P3 with 59 marks.
Sir - your teaching and training is simply marvellous.
You have taught us a lot and we owe you a gratitude for the same.
Probably - the words will never be sufficient to express the gratitude.
With regards ...'
Well done Samyak!
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Monday, 18 July 2011
Sunday, 17 July 2011
ACCA Paper F4 - remembering case studies for your ACCA exams
It has been said that if someone is stuck in a difficult situation then it should be dealt with smartly and with confidence, and this will help produce a positive outcome. The same thing can be said for the ACCA Paper F4 exam, which many candidates find difficult. The paper comprises of theory linked with different case laws. The Examiner expects candidates to be aware of different cases and apply them appropriately in different scenarios and situations
So, how do you memorise each case that's given in textbooks? The ACCA Paper F4 examiner has said it clearly, that almost every ACCA exam sitting will have scenario based questions requiring students to provide legal advice. It has been observed that even though students work hard at their ACCA study material they are still failing to pass the Paper F4 exam. Students are probably finding it difficult to memorise the facts of the different cases and then to apply them in given scenarios. Exact details are not necessary for the paper but knowledge of the facts of the case under review is important.
Take, for instance, the case of Chappell and Co V Nestle Co from contract law (adequacy and sufficiency of consideration). The case is detailed and quite complicated, but can be memorized in a simple way. The broad details of the case are as follows:
From memory (so might not be fully accurate) Chappell & Co. owned the copyright to musical record ‘Rockin’ shoes’ (by The King Brothers). Nestle was giving away records of it to people who sent in three wrappers from 6d chocolate bars, as well as 1s 6d. The Copyright Act 1956 s8 said a 6.25% royalty needed to be paid on the ‘ordinary retail selling price’ to the owners of copyrights. Nestle said 1s 6d was the ordinary retail selling price and that the used wrappers had no value, but Chappell & Co argued that it should be more and sought an injunction for breach of CA 1956 s 8. In this way the question arose as to whether the wrappers were consideration for the records. Upjohn granted an injunction. The Court of Appeal reversed the decision and Chappell & Co appealed.
In the case of Chappell and Co V Nestle Co, it was held that a used chocolate wrapper was consideration sufficient to form a contract even though it had no economic value to Nestle.
The detailed facts of the case can be curtailed in this way, and made more simple to remember. Similar curtailment can be made too other legal case studies. Dealing with case law seems to be difficult but if different cases can be recalled in simple ways then passing the exam will not be so difficult. ACCA Paper F4 students should, however, be aware that they will not be able to achieve strong pass grades without learning, and being able to recall, case studies.
So, how do you memorise each case that's given in textbooks? The ACCA Paper F4 examiner has said it clearly, that almost every ACCA exam sitting will have scenario based questions requiring students to provide legal advice. It has been observed that even though students work hard at their ACCA study material they are still failing to pass the Paper F4 exam. Students are probably finding it difficult to memorise the facts of the different cases and then to apply them in given scenarios. Exact details are not necessary for the paper but knowledge of the facts of the case under review is important.
Take, for instance, the case of Chappell and Co V Nestle Co from contract law (adequacy and sufficiency of consideration). The case is detailed and quite complicated, but can be memorized in a simple way. The broad details of the case are as follows:
From memory (so might not be fully accurate) Chappell & Co. owned the copyright to musical record ‘Rockin’ shoes’ (by The King Brothers). Nestle was giving away records of it to people who sent in three wrappers from 6d chocolate bars, as well as 1s 6d. The Copyright Act 1956 s8 said a 6.25% royalty needed to be paid on the ‘ordinary retail selling price’ to the owners of copyrights. Nestle said 1s 6d was the ordinary retail selling price and that the used wrappers had no value, but Chappell & Co argued that it should be more and sought an injunction for breach of CA 1956 s 8. In this way the question arose as to whether the wrappers were consideration for the records. Upjohn granted an injunction. The Court of Appeal reversed the decision and Chappell & Co appealed.
In the case of Chappell and Co V Nestle Co, it was held that a used chocolate wrapper was consideration sufficient to form a contract even though it had no economic value to Nestle.
The detailed facts of the case can be curtailed in this way, and made more simple to remember. Similar curtailment can be made too other legal case studies. Dealing with case law seems to be difficult but if different cases can be recalled in simple ways then passing the exam will not be so difficult. ACCA Paper F4 students should, however, be aware that they will not be able to achieve strong pass grades without learning, and being able to recall, case studies.
Saturday, 16 July 2011
What are employers expecting from ACCA job applicants?
We are all aware of the uncertain economic conditions throughout the world and how difficult it is nowadays to get appointed in the organisation of our choice. A responsible ‘white collar’ job is everyone’s dream especially after passing the qualifying exams of ACCA or CIMA. People often choose a finance and accountancy career as they believe that it will give them interesting and satisfying responsibilities and often presents a short-cut route to senior management positions. Keeping in mind the emerging demand of ACCA members and other professional accountants, people often get a picture in their minds that after completion of the ACCA qualifying exams they will go directly to the higher positions. Indeed, some candidates are hired on a ‘fast-route’ basis, but this is not the case for the majority of applicants. What’s the reason behind this?
The probable reason is that most ACCA job applicants are not aware of their employer’s expectations. Studies leading to professional qualification like that of ACCA, CIMA etc. lack considerably on the ‘softer skills’ although they are well versed on the technical aspects. It has been seen that evidence of personal skills and personality traits cannot be seen in many
ACCA job applicants even though they hold professional qualifications which are renowned throughout the world. Analysis of the current economic situation throughout the world shows us that the first objective of most organisation is one of cost cutting. Employing managers will be looking for applicants who are competent and versatile in every aspect required and who promise good value for money for investment in them. ACCA and CIMA professional applicants who demonstrate good communication skills along with strong business etiquette, team spirit, negotiation skills and social graces are people who are most successful in obtaining professional positions and reaching high positions.
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For this reason, it is important that ACCA and CIMA applicants have a knowledge and skill base that extends beyond their professional examinations. Knowledge grooms personality and leads to confidence - important requirements in modern organisations. An important need therefore, is to extend study beyond normal course books and to embrace business newspapers, business magazines and well written business books. This will help sharpen your business perception and softer http://www.blogger.com/img/blank.gifskills. It is personality that counts high when it comes to the promotion of one individual from a group of people with similar technical skills who all compete for the position.
Organisations are very aware that employees play an important part in maintaining relationships with their customers and developing a successful business. For this reason, soft skills have a great impact on clients, often greater than the technical skills. We cannot say that technical skills are not important but we all know that the balance of soft and technical skills is vital in today’s professional environment. It is unlikely that an ACCA or CIMA professional will advance far without a strong demonstration of skills in both.
The probable reason is that most ACCA job applicants are not aware of their employer’s expectations. Studies leading to professional qualification like that of ACCA, CIMA etc. lack considerably on the ‘softer skills’ although they are well versed on the technical aspects. It has been seen that evidence of personal skills and personality traits cannot be seen in many
ACCA job applicants even though they hold professional qualifications which are renowned throughout the world. Analysis of the current economic situation throughout the world shows us that the first objective of most organisation is one of cost cutting. Employing managers will be looking for applicants who are competent and versatile in every aspect required and who promise good value for money for investment in them. ACCA and CIMA professional applicants who demonstrate good communication skills along with strong business etiquette, team spirit, negotiation skills and social graces are people who are most successful in obtaining professional positions and reaching high positions.
.
For this reason, it is important that ACCA and CIMA applicants have a knowledge and skill base that extends beyond their professional examinations. Knowledge grooms personality and leads to confidence - important requirements in modern organisations. An important need therefore, is to extend study beyond normal course books and to embrace business newspapers, business magazines and well written business books. This will help sharpen your business perception and softer http://www.blogger.com/img/blank.gifskills. It is personality that counts high when it comes to the promotion of one individual from a group of people with similar technical skills who all compete for the position.
Organisations are very aware that employees play an important part in maintaining relationships with their customers and developing a successful business. For this reason, soft skills have a great impact on clients, often greater than the technical skills. We cannot say that technical skills are not important but we all know that the balance of soft and technical skills is vital in today’s professional environment. It is unlikely that an ACCA or CIMA professional will advance far without a strong demonstration of skills in both.
Thursday, 14 July 2011
ACCA Papers F1, F2 and F3
The syllabus for ACCA Paper F1, ACCA Paper F2 and ACCA Paper F3 will change for exams taken from 1st December 2011 onwards. The current e-books published by Tony Surridge Online will remain for students taking the exams up to and including 30th November. This is appropriate as many students only study these subjects for a few months. We intend to publish new books in September 2011 for students taking exams from 1st December 2011. We will then run both publications in parallel (to meet the needs of both types of studens - those sitting the F1, F2, and F3 ACCA exams up to 30November and those from 1st December) and we will then will withdraw the current editions on 1st December.
Wednesday, 13 July 2011
ACCA Paper F8 Diagnostic Questions and Answers
Following masses of requests from students who have used our ACCA Paper F5 and ACCA Paper F9 Diagnostic Questions and Answers we are currently preparing further publications based on the ACCA Diagnostic Test platform which has proved so successful. Currently we are developing our ACCA Paper F8 Diagnostic Questions and Answers and details of download availability will be announced as soon as possible.
Thursday, 7 July 2011
ACCA Paper F1 - Free sample available
Hello everyone, we've now recently uploaded our revised free sample for ACCA Paper F1. We hope that it will provide an insight into how in depth our ACCA study materials are. Please visit the tonysurridge.co.uk website to see more guides on the ACCA Paper F1 subject.
Accounting Jobs available on the TonySurridge website
For those of you who may be unaware, the TonySurridge.co.uk offers an active and up to date Accounting and Finance specialist job board. With latest vacancies posted from numerous recruitment agencies throughout the UK, the TonySurridge.co.uk job board is more like a spring board to help with your ACCA career.
Have a look now on our website and see what new accounting jobs we have.
Have a look now on our website and see what new accounting jobs we have.
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