P6 Malaysia Dec 2017 Exam tips

The following are the areas that has a high chance for the coming exam

1. RPGT - Death, RPC and compliance
2. Controlled sales
3. Agricultural allowance
4. Export incentives (for all factors)
5. VCC, VCMC, VC individual investors
6. Leases
7. Debt sourcing - article
8. Subsidiary vs Agent
9. Resident status for company and individual
10. REIT and Unit trust
11. GST Registration, Mix supplier issues, Supply exemptions and supply treatment, invoice dates
12. Rental and interest income (article)
13. Capital goods adjustment for GST
14. ESOS
15. Settlement and anti-avoidance issues
16. Tax administration (article)
17. SME implications
18. Capital vs Income tax
19. RA, PS, ITA, Export incentive, AFPP


Good luck for the exams.

One note - the exam is very technical and if you depend on only a few questions, you will not be ready for the exams

Jpro training will be starting the preparation cycle for March 2018 exams from Jan 2018

Those planning to study for March 2018 exams can register for the classes for other papers now

ACCA P6 (M) Malaysia September 2017 Exam tips

It is back to that time that you all hate - exam week for ACCA papers.

The last meeting with the examiner highlighted the following issues about the students.  The outcome from the meeting seems to agree with what an ancient ACCA lecturer.

According to Confucious FCCA -
1. Student really don't know what they don't know until it is asked and they still didn't know what was being asked, so they answer what they know
2. Student that read the question they had prepared for always answer what they prepared and not what was asked!
3. Student with strong memory has higher chance of passing compared to student with weak memory
4. Student with good tips sometimes repeat the paper without knowing why they failed in the first time
5. Student who is well prepared has better chance to pass compared to student who studied 25 questions only

Confucious also say that in some occasions the tips for a paper may be your last hope to pass the paper.

So to help Confucious out, I have compiled a list of possible items that could be coming out for the coming exam for September 2017 ACCA P6 (M).

1. Financing issue for company - debt / equity / leasing / hp OR Acquisition of business via share / asset purchase
2. Venture capital company, venture capital tax incentive, angel investor, venture capital management company
3. Pionner status, ITA, AIE, EIE, Group relief,  Purchase of IP, Purchase of foreign company
4. RPGT - cover all, with emphasis on sub-leases, RPC, partial disposal and RPGT admin
5. Stamp duty 
6. REIT, LLP, Trust
7. Income treatment - rental / capital / business 
8. GST - place, timing, gift, mixed supplier issues, bad debt treatment
9. Tax admin - audit, investigation, basis period, estimates 
10. Transfer pricing
11. Agricultural allowance
12. Expense treatment - bad debts, interest, legal fees

If the above is confusing that is because you need to review the outcomes from the past year and see how items have been tested

Good luck preparing for ACCA P6 Malaysia and tell you friends about studying ACCA faster and flexible with Jpro Training, the only 3 months ACCA tuition provider that caters for online and part-time students.

P6(M) June 2017 Exam paper discussion

The paper was done, and most of the students got back to me on what they had done for this paper.

Even if the tips on the spot on for the paper and the area that was examined is an expected area, there is always an issue for ACCA P6 Malaysian Advance tax paper.

At the exam point, it is easy for the student to mess up the area being asked and focus on the wrong issues.

In this case, Q1 was about RA, this was a shock for those that did not prepare for RA type questions, but the examiner had focused on a narrow aspect of the incentive - time extension rules.

Most of the people missed this.

The other parts of the question focused on the deductibility of expenditure and GST issues.

Next Q2 was about the Listed investment holding company.

I had some students get back to me, saying that they had treated it as basic investment holding company.

The examiner feedback on this - too bad, 12 marks burnt out of 25 marks

It will likely be that most students either did this correct or failed it miserably.

Q3 was about permanent establishment and discussion of branch vs. subsidiary treatment for foreign investment.

This is either prepared for or not!

Q4 was about individual tax, IBA and time bar about additional assessments, this was the favorite question for all students with many attempting it.

Q5 Full out RPGT questions based on leasing of property and treatment of payments

Overall the paper was considered by many has been difficult and also hard to achieve.

Most of the sitters for the paper that I had talked to claim that they had the tips but felt the paper was hard.

This comes to a question whether the paper is hard or easier than other optional papers?

My take on the paper, it is about the same level of difficult since the level of knowledge required for the paper is wide and there is limited scope for the student to use principle based answers that are available in P1,2,3,4,5 and 7.

This is a rule based paper, and the examiner is focused on testing the niche rules, which implies memory based recall.

There is limited advisory within the paper, even Q2 was explaining the difference in both and not advice the company based on their situation what is preferred an approach to set-up.

If advise, there would have been more background information about the objective of investment and also the consideration of other factors regarding liquidity and repatriation, even tax regime of the originating country.

This would have allowed a student to discuss which approach would have been suitable rather than just recall rules about how to treat each item and state them - either you can recall or not.

If we count the questions provided and basis of marks
Q 5 - Explain 13 marks; Compute 7 marks
Q4 - Calculate with explaining 8 marks; Explain 7 marks; Determine 3 marks
Q3 - Explain 20 marks
Q2 - Explain 13 marks; Compute 12 marks
Q1 - Compute 7 marks; Explain qualifying rules and treatment 28 marks

All explain questions require a recall of ideas that was studied and packaged into an answer.

So if you do not like memorization and recall to specific - avoid this paper; it can be a killer since there are many students out there that believe wrongly that this is an easy paper.

My reading from teaching and preparing students for ACCA P6(M) is done for those that have a knack for memory and those that are not into the complex computation.

The complex computational paper is P4, the complex accounting paper is P7 and the complex management paper is P5

Hope that helps.

Those preparing for ACCA P6(M) September 2017 can visit www.jprotraining.com for information on the revision and if you are sick and tired in doing this paper - try another paper - it only takes 3 months to complete any paper with JPro - the specialist in 3 months ACCA courses

Tips for ACCA P6 Malaysia June 2017

The exam is coming close and the tips for this sitting is here.

The following is expected to appear in the coming ACCA P6 Malaysia exams.

Incentives - Export / ITA / PS / VCC / AFPP / Hospital / Group relief / R&D

Individual - ESOS / Remuneration planning / Rental / Employment vs Business - Doctors case

GST - Gift rules + Service + De minimis rule + Capital goods adjustment + Timing of invoices

Avoidance - Interest for directors + Interest restriction + Controlled transfer 

Compliance - Investigation vs Audit difference + Individual tax submission + SME issues

International - Withholding tax + PE + Transfer pricing 

RPGT - Death + Trust + Partial sale

Others - Investment Holding + Leasing + Agricultural allowance + Business trust

Jpro will be starting their classes for September 2017 examination in June 2017; if you want to study for that paper without too much of your life being taken away for classes - join up for the classes in Shah Alam, s.32 or study at home at www.jprotraining.com

Ok there you go, the forecast from Jpro Training, the only one in Malaysia to start 3 months courses for ACCA first and now is being followed by others.

Those planning to take your OBU for Nov 2017 submission, drop by Jpro on the 11th of June 2017 for a preview 11.00 am to 12.30pm or from 3.30 pm to 5.00pm.

ACCA P6 Malaysia - is it easy?

There is a large group of students rushing into ACCA P6, believing that this is an easy paper.

In terms of question style, it is.  It is probably the most direct paper within ACCA.

In terms of exam knowledge and application, that is another ball game.

You could have the best tips in the world - but at the time of the exam - it is your judgement of the issues faced by the questions and your knowledge of the materials that determine whether you will pass.

That day, I had a chat with a student that had all the tips for the exams - he was sure that he could easily pass the paper - NOPE, he failed.

He still does not understand the reason for the failure.

I would believe that he had answered the questions he had prepared for and not what was asked.

In this case, the papers examination requirements for knowledge and understanding the case can be considered to be hard.

On the balance, is ACCA P6 an easy paper - I would rate it the same as ACCA P4, P5 and P7.

It just seems that most people think it is easy because there is more people passing the paper - that is a statistical issue and not a paper issue.

If 200 students took P6 and 40% passed it : 80 students walk about saying it is easy
If 100 students took P5 and 40% passed it : 40 students walk about saying it is easy
If 50 students took P4 and 40% passed it : 20 students walk about saying it is easy

Now look at the pass rate - all the same, but perception of the student that is going to take the paper is that P6 is easier since he will bump into more students that took P6 rather than P4 or P5.

That explains the exponential mythical growth of why many people feel that P6 is easier and so many have been stuck with the paper. 

Tips for ACCA P6 (M) March 2017 exams

It is time for the March 2017 exams for ACCA P6 Malaysia variant and there is no one out there that provides any tips or spots for this paper.

Ok, here is a possible list of items that may be coming out for the exams in March 2017.

RPGT - No gain no loss / Death
GST - Supply timing and value, Mixed supplier issues
Incentives - AFPP, RA and Labuan
R&D
Rental as source of income
ESOS
Effective and marginal rates of taxes
Leasing
Business vs Not a business source
Tax compliance for company
Basis period
Group relief

ACCA P6 Malaysia March 2017

Preparing for ACCA P6 Malaysia for the coming March 2017 examination.

This paper is a massive giant paper compared to other ACCA Papers in terms of what you need to study.

There is materials from F6 and some from P6 that you have to cover.

The new areas for March 2017 exam - focus on the following:

Reinvestment allowance

Health care / Approved Food Production Project

RPGT with Death and trust included

Settlement / tax investigation

GST Complex issues 

Personal taxation - remuneration 

International taxation - Withholding tax and permanente establishment / DTA requirements

Business trust

Corporate tax
- leasing / financing
- business closure
- group relief
- controlled transfer