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Learning Unboxed

FUNG CHEE KONG

Announcements, exam tips and instructions from our Dedicated Lecturers

Qualifications
Master of Science in Analysis, Design and Management of Information Systems, University of London, UK
Degree of Bachelor of Accountancy, National University of Singapore


Membership
CA (Singapore), Institute of Singapore Chartered Accountants


Mr Fung Chee Kong (CK) graduated from NUS with a Bachelor of Accountancy (Hons) degree and obtained his Masters degree from the London School of Economics, UK. He is a Chartered Accountant and was an auditor with one of the then Big Eight international public accounting firm before joining the teaching profession in 1995. He has more than 13 years of teaching experience with FTMSGlobal. Taught the auditing papers in Singapore, Malaysia, Vietnam, Cambodia, China, Hong Kong and Australia.

ACCA P7 - Hot Topics for March 2017 Exams (by Mr CK Fung, FTMSGlobal Subject Specialist)

P7 MARCH 2017

THESE ARE JUST GUESSES. USUAL HEALTH WARNING APPLIES – USE AT YOUR OWN RISKS!

(compiled by Mr Fung Chee Kong, FTMSGlobal Subject Specialist)

Likely to have a question on identifying business risks. (see Dec 2014 Q1a, Dec 2012 Q1a, Dec 2010 Q1a, June 2009 Q1a) Must learn to link business risks to FS risks of MM (see June 2008 Q1, June 2014 Q4a theory) Dec 2014 Q1b).

Be prepared for risk of material misstatements (previously known as FS risks). Practice Dec 2008 Q1a, Dec 2009 Q1c, Dec 2010 Q1b, June 2011 Q1ai and June 2012 Q1aii, June 2013 Q1a, June 2014 Q1a. For identifying risk of MM, see Dec 2012 Q1b, Dec 2010 Q1a, June 2009 Q1a. See also Dec 2008 Q1a and Dec 2009 Q1c.

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ACCA F8 - Hot Topics for March 2017 Exams (by Mr CK Fung, FTMSGlobal Subject Specialist)

F8 MARCH 2017

Professional ethics – May have a question on identifying ethical threats and safeguards/responses. (See June 2006 Q4, June 2007 Q1a, Pilot Q3, Dec 2008 Q3a, June 2010 Q4, June 2011 Q4c, June 2012 Q3b, Dec 2013 Q4c, New Pilot Q1a, June 2015 Q1, Dec 2015 Q1).

If the above ethics case study is not here, take note of confidentiality and what are the exceptions to this principle. (See Dec 2011 Q4c) Plus conflict of interests (June 2011 Q4a, June 2014 Q3c).

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ACCA P7 - Hot topics for the coming December 2016 exam

P7 DEC 2016

ACCA P7 - Hot topics for the coming December 2016 exam

THESE ARE JUST GUESSES. USUAL HEALTH WARNING APPLIES – USE AT
YOUR OWN RISKS! (Compiled by Fung Chee Kong (CK), FTMSGlobal in Singapore)

Likely to have a question on identifying business risks. (see Dec 2014 Q1a, Dec 2012 Q1a, Dec 2010 Q1a, June 2009 Q1a) Must learn to link business risks to FS risks of MM (see June 2008 Q1, June 2014 Q4a theory) Dec 2014 Q1b). Since we are learning risk of MM, the points here can also be used as audit risk points.

Be prepared for risk of material misstatements (previously known as FS risks). Practice Dec 2008 Q1a, Dec 2009 Q1c, Dec 2010 Q1b, June 2011 Q1ai and June 2012 Q1aii, June 2013 Q1a, June 2014 Q1a. For identifying risk of MM, see Dec 2012 Q1b, Dec 2010 Q1a, June 2009 Q1a. See also Dec 2008 Q1a and Dec 2009 Q1c.

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F8 - Hot Topics for December 2016 exams

F8 DEC 2016

F8 - Hot Topics for December 2016 exams

THESE ARE JUST GUESSES. USUAL HEALTH WARNING APPLIES – USE AT
YOUR OWN RISKS! (Compiled by Fung Chee Kong (CK), FTMSGlobal in Singapore)

Professional ethics – May have a question on identifying ethical threats and safeguards/responses. (See June 2006 Q4, June 2007 Q1a, Pilot Q3, Dec 2008 Q3a, June 2010 Q4, June 2011 Q4c, June 2012 Q3b, Dec 2013 Q4c, New Pilot Q1a, June 2015 Q1, Dec
2015 Q1).

If the above ethics case study is not here, take note of confidentiality and what are the exceptions to this principle. (See Dec 2011 Q4c) Plus conflict of interests (June 2011 Q4a, June 2014 Q3c).

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ACCA F8 - Hot Topics For September 2016 Exam by CK Fung

ACCA F8 SEPT 2016 EXAM TIPS

(Compiled by Mr Fung Chee Kong (CK), Subject Specialist Lecturer at FTMSGlobal in Singapore)

Professional ethics – May have a question on identifying ethical threats and safeguards/responses. (See June 2006 Q4, June 2007 Q1a, Pilot Q3, Dec 2008 Q3a, June 2010 Q4, June 2011 Q4c, June 2012 Q3b, Dec 2013 Q4c, New Pilot Q1a, June 2015 Q1, Dec 2015 Q1).

If the above ethics case study is not here, take note of confidentiality and what are the exceptions to this principle. (See Dec 2011 Q4c) Plus conflict of interests (June 2011 Q4a, June 2014 Q3c).

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ACCA P7 - Hot Topics For September 2016 Exam by CK Fung

ACCA P7 SEPT 2016 EXAM TIPS

 THESE ARE JUST GUESSES. USUAL HEALTH WARNING APPLIES – USE AT YOUR OWN RISKS!

(Compiled by Mr Fung Chee Kong (CK), Subject Specialist Lecturer at FTMSGlobal in Singapore)

Likely to have a question on identifying business risks. (see Dec 2014 Q1a, Dec 2012 Q1a, Dec 2010 Q1a, June 2009 Q1a) Must learn to link business risks to FS risks of MM (see June 2008 Q1, June 2014 Q4a theory) Dec 2014 Q1b). Since we are learning risk of MM, the points here can also be used as audit risk points.

Be prepared for risk of material misstatements (previously known as FS risks). Practice Dec 2008 Q1a, Dec 2009 Q1c, Dec 2010 Q1b, June 2011 Q1ai and June 2012 Q1aii, June 2013 Q1a, June 2014 Q1a. For identifying risk of MM, see Dec 2012 Q1b, Dec 2010 Q1a, June 2009 Q1a. See also Dec 2008 Q1a and Dec 2009 Q1c.

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ACCA P7: Hot Topics for the Coming June 2016 Exam

ACCA P7 JUNE 2016 EXAM TIPS

THESE ARE JUST GUESSES. USUAL HEALTH WARNING APPLIES – USE AT YOUR OWN RISKS! 

Likely to have a question on identifying business risks. (see Dec 2014 Q1a, Dec 2012 Q1a, Dec 2010 Q1a, June 2009 Q1a) Must learn to link business risks to FS risks of MM (see June 2008 Q1, June 2014 Q4a theory) Dec 2014 Q1b). Since we are learning risk of MM, the points here can also be used as audit risk points.

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ACCA F8: Hot Topics for June 2016 Exams

ACCA F8 JUNE 2016 EXAM TIPS

Professional ethics – May have a question on identifying ethical threats and safeguards / responses. (See June 2006 Q4, June 2007 Q1a, Pilot Q3, Dec 2008 Q3a, June 2010 Q4, June 2011 Q4c, June 2012 Q3b, Dec 2013 Q4c, New Pilot Q1a, June 2015 Q1, Dec 2015 Q1).

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How to Pass ACCA F8?

How to Pass ACCA F8?

Paper F8 can be passed by a candidate who understands the underlying theory of auditing and can apply that theory to relatively basic audit situations – knowledge itself is not sufficient to pass this exam. My advice, therefore, is to study the basics of auditing, read relevant technical articles and then practice applying their audit knowledge to scenarios by doing lots of past year exam questions.

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Mr Chin Yoke Lan Francis, ACCA F6 Lecturer - June 2015 Exam Tips

Mr Chin Yoke Lan Francis, ACCA F6 Lecturer - June 2015 Exam Tips

ACCA Paper F6 - Taxation

"Exam Tips for F6 Tax Paper"

(A) Corporate Tax

1. Tax Computation

2. Deduction of Expenses

3. Capital Allowances

4. Unabsorbed Tax Losses/CA

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Mr Fung Chee Kong (CK) ACCA P7 Lecturer - June 2015 Exam Tips

Mr Fung Chee Kong (CK) ACCA P7 Lecturer - June 2015 Exam Tips

ACCA P7 - Hot topics for the coming June 2015 exam

THESE ARE JUST GUESSES. USUAL HEALTH WARNING APPLIES – USE AT
YOUR OWN RISKS! (compiled by Fung CK, FTMS Singapore)

Likely to have a question on identifying principal audit risks. See latest June 2013 Q1a and Dec 2011 Q1ai on using ratios for audit risks. See June 2010 Q1a too. Practice all other audit risks questions from Dec 2007 onwards till the latest June 2014 Q1a)

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Mr Fung Chee Kong (CK) ACCA F8 Lecturer - June 2015 Exam Tips

Mr Fung Chee Kong (CK) ACCA F8 Lecturer - June 2015 Exam Tips

F8 - Hot Topics for June 2015 exams (by Fung CK, FTMS)

Professional ethics – Will have a question this June on identifying ethical threats and safeguards/responses. (See June 2006 Q4, June 2007 Q1a, Pilot Q3, Dec 2008 Q3a, June 2010 Q4, June 2011 Q4c, June 2012 Q3b, Dec 2013 Q4c, New Pilot Q1a). Take note of confidentiality and what are the exceptions to this principle. (See Dec 2011 Q4c)

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ACCA F8 Tips for Dec ’13 Exams by Mr Fung Chee Kong (CK)

F8 – Hot Topics for December 2013 exams (by Fung CK, FTMS)

Professional ethics – Will have a question this December on identifying ethical threats and safeguards/responses. (See June 2006 Q4, June 2007 Q1a, Pilot F8 Q3, Dec 2008 Q3a, June 2010 Q4, June 2011 Q4, June 2012 Q3b).

Acceptance of a new job (could be continue an existing job) – factors to consider before accepting/continuing with an engagement. Including communication with existing auditor before acceptance. See June 2010 Q4c.

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ACCA P7 Tips for Dec ’13 Exams by Mr Fung Chee Kong (CK)

ACCA P7 – Hot topics for the coming December 2013 exam

THESE ARE JUST GUESSES. USUAL HEALTH WARNING APPLIES – USE AT YOUR OWN RISKS!

(compiled by Fung CK, FTMS Singapore)

Likely to have a question on identifying business risks. Be prepared for defining and identifying risk of MM, see latest April 2012 article on the new term risk of MM. (See Dec 2008 Q1a and Dec 2009 Q1c). Must learn to link business risks to FS risks of MM (see June 2008 Q1). See Dec 2010 Q1a, June 2009 Q1 and June 2008 Q1a for business risk.

Roles of audit committee (= Functions of AC) and impact of AC on external audit.

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