Wednesday, July 16, 2014

Thinking of starting OBU 2014?

Are you thinking about doing your OBU and still wondering about the benefits?

I just had one student tell me that her parents want her to complete the ACCA P level before doing OBU.

Well that looks like good advice but does your parent know anything about the industry and how an accountant does their work?

Will you be asking you parent permission to go for an audit assignment in the future or do a tax job in an overseas stint?

Obviously not - because they have adequate knowledge about education up to your form 5 level.

Once you enter ACCA and started taking a professional qualification - it is like doing your medical degree.

All the students should then consider - how they are going to get where they want to be - a Chartered Certified Accountant.

My experience with ACCA P level students, is that, sometimes it takes longer than expected.

There are students that have taken on P level paper for 4 times and still not passed = 2 years of your life doing one paper.

This is a story of 3 of them - Mary, Amy and Linda

Mary did OBU degree as soon as it was available and got the degree, Amy and Linda said that they wanted to clear their professional and felt that doing OBU is a waste.

Mary got a job in Big 4 and started earning 2.8k, reaching assistant manager in 4 years time - earning 6k, while trying to do the last 2 papers. She was accepted because she had a degree.

Amy worked at small firm earning 1.8k for 4 years, hitting senior earning 2.3k, while trying to do last 2 papers

Linda listened to her parents and studied full time for 4 years - earning nothing.

All qualified the same time.

The one that worked in Big 4 got a job as an accountant in a listed company earning 10k per month, also got ACCA membership immediately.

The one that worked in small firm now got accepted into Big 4 as a junior earning 3k - getting ACCA membership immediately.

The one that did not get any experience working did not get a job for another 1 year.  Later got a job in a mid-tier firm earning 3k

After another 5 years.....
The one that did OBU is a FD earning about 40k per month
The one that waited but worked a bit is an accountant for a large company earning RM10k per month
The one that worked in the mid tier firm is still there earning RM6k per month

Moral of the story.  Sometime parents protect you too much, it will cost you later.  Know what is important for you and go get it.

They are not skilled enough to know what is important for you after the age of 21.

You should be responsible for your decisions and not them.

Grow up and make the right decision - get your OBU earlier and go to work.

Practical experience helps in passing ACCA optional papers and this is one of the secrets that you should know.

Parents of ACCA students always think that putting too much pressure for their kids is bad - actually it is good since it creates character and allows them to be stronger when facing stressful situation.  Parents should also talk to people who know the industry and not people outside the industry before giving advice to their kids.

You can still sign up for OBU one to one mentoring with Mr. Jay for Nov 2014 submission (same as the ones in the college)

Fee is RM2,200 - 2,700 per student.  If you have studied with me before, you will get another discount of RM150 per paper studied.

Those with 68 marks and above - your fee is RM2,200
Those with 60 marks and above - your fee is RM2,500
Those with less than 60 marks - your fee is RM2,700

This is full mentoring, one to one, which is the same as the one offered at Sunway University College.  

The difference is the price!  Those that did the BRM can also consider since there is a saving of RM600 for those with 68 marks and above.

Call 017-8786074 for details.

Sunday, June 29, 2014

Nov 2014 OBU Submission

Planning to pass up your OBU this time,  the following is the things that must be done first.

1. Ensure that you are eligible for OBU submission
2. Complete online ethical module
3. Check your average marks - determine the grade that you will be getting
5. Pick a 3 topic for discussion with mentor for the 1st meeting
6. Pick 3 companies for discussion with the mentor on the 1st meeting
7. Prepare a time line for completion of the project
This will include

  • Completion of Part 1
  • Completion of Part 2
  • Completion of Part 3 + List of reference  + Appendix
  • Review / Check for word and discussion with mentor
  • Completion of Power point slides
  • Presentation / Review - Points from mentor
  • Completion of SLS
  • Compilation of materials (5 elements)
  • Final review
  • Submission (1 Nov 2014)
The average timing for this include 6-8 weeks.
8. Pick a mentor
  • Preferred to pick someone with background in OBU mentoring
  • Consider experience
  • Consider fee - RM2,700 (Individuals) ~ RM4,000 (Colleges)
  • Consider risk

Note there is no difference in doing OBU at the college since the award comes direct from Oxford Brookes and not the college or university where it is done.

The college has limited involvement in the process of mentoring and awarding of the degree.

Future employers are only interested in the award and the grade obtained.

Location of doing the degree is irrelevant.  The most important thing is to ensure best outcome in terms of control.

J Pro Training has been involved in OBU Mentoring since 2003 - which is 11 years of experience.

It has already produced many 1st class graduates over the time and more than 250 OBU grads have been mentored by J pro during this time.

The mentors involved in the mentoring process are lecturers involved with ACCA and have strong knowledge of the subject matter involved.

The last part about doing OBU - the best time to get it done is after verifying your ACCA F4 - F9 grades and then starting at about the time you do your optional papers.

This would mean that you should do it when you do P1/P3 or when you do P2 alone or when you do P4 - P7 2 papers.

Is is valuable?

Yes, since it ensures that you get paid a degree holder's salary when you look for a job and the last two optional papers in ACCA can be a drag some times.

It can take some time before you get the optional cleared. Having the OBU is like a back up plan that gets you started on your career.






Sunday, June 15, 2014

J Pro Training open day

J Pro training will have an open day for the ACCA Dec 2014 examination and Nov 2014 OBU Submission on 22 June 2014 from 10.00 am to 4.00 pm.

Drop by to collect the timetable for:
ACCA P1 (Evening classes Monday) - RM900
ACCA P2 (Evening classes Wednesday) - RM1,100
ACCA P3 (Evening classes Monday) - RM900
ACCA P5 (Weekend classes) - RM1,200
ACCA P4 (Full time classes) - RM1,200
ACCA P6 (Weekend classes) - RM1,200
ACCA P7 (Weekend classes) - RM1,200
ACCA F8 (Intensive course) - RM500
OBU Mentoring - RM2,700
There will also be a briefing for those that are planning to do your OBU this time around.

The benefit of coming in on 22 June - you can get scholarships for the class / OBU mentoring.

Students that have a got an average mark of 68 for F level will get RM500 scholarship and those that got 60 marks and above will get RM200 scholarship for signing up on that day.

If you come along with a friend, each of you will get RM100 waiver for signing up together.  Only sign up for papers that you will take.

For ACCA Classes, the materials you get are:
+ Lectures by professional - 18 years in ACCA training
+ Exam focus notes - just adequate for the exams
+ Text book (ACCA Approved text)
+ Online forum access - moderated by lecturer
+ Revision class - 9 ~ 11 questions practiced per day
+ Full class - covers the full syllabus
+ Copying facility for missed classes
+ Coffee / Tea
+ Coaching for career development
+ Small class size (26 maximum)
+ Lecturer marked scripts (professionally done)
+ Conducive training room  - beats the others flat.
Flexible payment plan

No registration fee, no special subject requirements, no admin fee, no extra photostating fee, no prior qualification requirement.

Friday, May 23, 2014

OBU Nov 2014 Submission

Doing OBU

Complete your ACCA Online ethical module before

Those planning to do your OBU project for Nov 2014 submission can get your projects mentored with JPro Training under Mr.Jay

Standard mentoring fee is RM2,700 for the submission which includes mentoring, review of project, meetings and recommendations for improvements.

The intake for this will open from June 15, so you can email : jprotraining@gmail.com for details and more information.

Those that are interested in studying ACCA P1 and P3 together with OBU project - there is a special preview that is set on 22 June 2014 - How to get an "A" in ACCA OBU project - registration is RM50.00 per person for 2 hour talk on the subject of OBU

Timing of the talk is 9.30 am to 11.00 am for the 1st session 

&

11.30 am to 2.00 pm for the second session

Seats are limited to 24 pax only so please order earlier by calling 017-8786074 or 016-263-0649 for details.

Those that sign up for that day have the following offer

Average F4 - F9 Marks above 68 - Fee RM2,200 (*Scholarship RM500) for students signing up only at the talk
Average F4 - F9 Marks above 60 - Fee RM2,500 (*Scholarship RM200)
Other's have a standard fee of RM2,700.
If you come with a friend - there is a buddy discount of RM100 for both of you.

* All the above is only for 22 June 2014














Monday, April 28, 2014

ACCA OBU Mentoring compared - Sunway, KDU, Kasturi, Others.

It is important that you take charge of the situation when you do your OBU project.

Mentor will charge you a fee and you will have to use the services of the mentor in terms of guidance and review to tell you whether you are on right track.

In this the onus is not on the mentor to chase you but on you the mentee to chase the mentor for feedback and review.

The fee charged by current providers for OBU includes the following:
Klang Valley prices.
KDU RM3,500 + RM300 = RM3,800
Kasturi RM3,500 + RM200 (deposit), deferral fee is RM500 per deferral
Sunway RM1,200 for BRM (Research class teaching you how to use power point + a bit of excel (which can be learnt using your tube) + RM2,800 for mentoring = RM4,000 + other fees like registration + resources + etc (RM1,000) = RM5,000
Some free lance providers : RM3,500 + RM500 for deferral

There is also the fact that some providers keep changing their mentor or you go to one mentor and get someone else who is your guidance person.

How much does J Pro Training charge : RM2,700 for May 2014 cohort submission, which includes the following:
Mentoring guidance in selecting topic and company
Email support
Access to past projects
One to one mentoring
Get a discount of RM100 if you sign up for any of the classes in J Pro after joining the OBU program.


There you go, the difference in prices for ACCA OBU Mentoring.

Now you may ask whether the quality of mentoring same - college vs J pro.

The quality is the same since the same college have used me as a mentor before.  In this case, you are removing the middle man (the college) and dealing directly with the mentor.  J Pro has over 100+ satisfied degree holders over a period of few years.

Ok - you have now verified the price and quality, it is time for you to decide what to do.

Watch the spot here for updates on 2014 Nov Cohort OBU Students registration and prices.  There will be an early bird offer that comes out for a short period of time at the end May beginning June - if you get that price you lock into that price.

If you cannot afford the price - come in and discuss an installment plan with us directly.  This can still be done to allow a break in the financial commitment - it will not involve the bank.

Watch out for the offer from May 25 - June 15 2014 for the best deals in OBU mentoring in KL.

Wednesday, April 2, 2014

Job after you graduate from OBU Degree

Students that have completed your ACCA can now take this BAT by Bloomberg Institute to improve your career chances in the future.

Findings jobs in finance or business is hard, even with an ACCA.  It may not always be fair, since some have the "right connections" and others have none.

I have had students with good grades in ACCA complain that they are not getting the chances to get an interview whereas there are others that can get in even with weak scores.

Obviously this boils down to audit firms and their HR managers being able to practice the firms ethical codes - which is not really in their minds when they recruit.

This happens in all the firms.

If a partner recommends a candidate on the basis of friendship or personal connection, it would appear that the partner has a threat - familiarity or self-interest, with the party that has requested the job.

I have heard of a case where the FD of a large client of a Big 4 asked the partner to get his niece a job in his firm and this was done immediately without any major hiccups.

In this case, the partner was acting out of self-interest, giving a job to client's daughter would keep the client happy and there reduce the risk associated with client loss.

It is the HR manager or partner in charge of recruitment that must do something about this - recruitment should be based on meritocratic manner - this maintains the principle of objectivity and also the quality of the graduates.

In this the BAT helps the firms filter out and pick the great from the so-so candidates.  It is a great ethical safeguards for the HR department other than their internal examination system.

Graduates from ACCA should also have this in mind - it is not only your academic knowledge, your technical skills in audit, tax or accounting that matters.  You must also develop a strong communication skill and interpersonal skill.  The way you look will also impact the interviewer as seen in the following clip from BrainGames

Right now that you already KNOW what is the facts about getting the job, here is the link for BAT

BLOOMBERG APTITUDE TEST

Good luck in your test and hope it lands you a better job in finance and accounting.

Thursday, February 13, 2014

New addition for OBU

I have just added a new material by the side - it is a sample given by OBU for certain topics.

It may be a good idea to review that.

On that note, if you are doing the project this time, please make sure that you can make references other than annual report - if you place too much reliance on the annual report - your are taking a very very risky route to pass.

Reference your ideas is critical - make sure you understand how to reference


Is it possible to still start your OBU now?  Yes it is possible but you need to have discipline to finish it.  It takes 6 weeks to complete the project properly.  

That means if you use the cut off of April 8, the last date for you to start OBU is Feb 21, 2014.

If you want to start your OBU by then - make sure you have finished your online ethical module and are eligible to do your OBU.

Those interested to do can either call Mr.Kumar @ 016-263-0649 or email jprotraining@gmail.com

Those starting at this point may only consider the CG topic.