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Showing posts with label study. Show all posts
Showing posts with label study. Show all posts

Thursday, 1 August 2013

Learning how to earn money from stock market.

The first thing you need to know that, buying and selling share can earn you money, but you have to pay a lot to acquire a share and required sometime for you to sell it on stock exchange for the price you desire.

If you still want to earn money on stock market then continue reading.

You can choose to invest in spread betting. There will be no transaction where you buy or sell actual shares. It is the gambling you are doing.

How it is different from gambling!

It based on your knowledge of stock, industry and market. If you have study the company well you can predict the movement.

Open range of choices

Spread betting gives you more choices in earning money. You can bet on long position as well as short position. 

Long position means you bet the stock will increase in the future.
Short position means you bet the stock will decrease in the future.

There is no limit since you do not buy the stock. Moreover, if you buy/sell stock, your offer will needed to be matched with others, therefore, no delay. 

How to get out of the bet

You can put on the stop loss for example if company A has shares about 400p, you expect it will increase to 450p. If you are willing to take risk of 30p then you can put the stop loss at 370.

Target match will be 450p.

How it is better than acquire share

  • No delays
  • No need for matching with others
  • You pay amount you bet not the value of shares. You can bet 10p per point or 100 pound per point  is all up to you.
  • No limit on amount you bet.
  • No capital gain tax
  • Lower fee

Monday, 15 July 2013

Cheap education in the UK

1) Online education
Such as open university or www.open.ac.uk/Scotland
You can choose your flexible time for studying

2) Choose your Institution Agent
FBT/LSBF is cheap to consider for a degree or professional qualification.
The classroom is small, not much books in library, cheap computer equipment for students but it reasonable for a price of £5000-6000 for a degree compare to others.

They suggest you to find books to read somewhere else.

3) Study on your own
You don't need to study to obtain CIMA or ACCA qualification.
You can download the exam paper, buy the book at http://emilewoolfpublishing.com/
Then you can get your qualification.

4) Apprenticeship
You can learn while earning by apply for apprenticeship
http://www.apprenticeships.org.uk/

5) Edx
You can choose the course of Harvard or MIT university in the US for free.
Edx.com 
It's easy to watch and learn online as well as taking test, do assignment. It's all free.
You can do it for fun or for real.

Good luck with your study.

Friday, 12 July 2013

Learning experience CIMA and ACCA

A lot of people who switching from ACCA to CIMA and backward. Even though, there are some exemption you can receive from either ACCA or CIMA. There are an overlap between 2 qualification.

Here are the list of ACCA paper

  • F1 Accountant in Business / FAB Foundations in Accountancy 
  • F2 Management Accounting / FMA Foundations in Accountancy 
  • F3 Financial Accounting / FFA Foundations in Accountancy 
  • F4 Corporate and Business Law (English and Global)
  • F5 Performance Management
  • F6 Taxation (UK)
  • F7 Financial Reporting
  • F8 Audit and Assurance
  • F9 Financial Management
  • P1 Governance, Risk and Ethics
  • P2 Corporate Reporting
  • P3 Business Analysis
  • P4 Advanced Financial Management
  • P5 Advanced Performance Management
  • P7 Advanced Audit and Assurance
Here are the list of CIMA paper

C01 fundamentals of management accounting

C02 fundamentals of financial accounting

C03 fundamentals of business mathematics

C04 fundamentals of business economics

C05 fundamentals of ethics, corporate governance and business law

E1 enterprise operations

F1 financial operationsP1 performance operations

E2 enterprise managementP2 performance managementF2 financial management

E3 enterprise strategyP3 performance strategyF3 financial strategy
T4

What do you feel about just hearing those name. Yes, it is correct that those paper are overlapped.
Let me show you clearly which one you can be confident on if you switch.
F1 ACCA ~ Co2 CIMA
F2 ACCA ~ Co1 CIMA
F3 ACCA ~ F1 CIMA
F4 ACCA ~ Co4 + Co5 CIMA
F5 ACCA ~ P1 + P2 CIMA
F6 Taxation is irrelevant to CIMA, however, there is some part in CIMA F2 mention about defer tax and corporation tax.
F7 ACCA ~ F1+ F2 CIMA
F8 Audit is less involve with CIMA however you can find some internal audit information in P2 CIMA
F9 ACCA ~ F1+F2+P1+P2
P1 ACCA ~ E3 + P3 CIMA
P2 ACCA ~ F1+F2+F3 and some more in advanced
P3 ACCA ~ F1+ F2 + P1+P2 + E1+E2  
P4 ACCA ~ F1->F3 + P1->P3 + E1 +E2
P5 ACCA ~ F1->F3 + P1->P3 + E1 ->E3
P7 ACCA is irrelevant to CIMA