Low Chin Ann Blogspot

We all know how important to have good mentor or coach to guide our development and growth. It is the same for ACCA studies. Started my journey since year 2000, with more than 2 decades of ACCA Education experience, along with my supportive and dedicated team, Genesis Origo can be your reliable and trusted learning partner.  Discover more about our team, their lecturing style with the following links:    Low Chin Ann, lecturing ACCA TX, ATX and SBL     Shireen Chong, lecturing FA, FR and BT   Ng Kian Tuck, lecturing ACCA FR and SBR   Yap Wai Wing, lecturing LW, AA and AAA   Annie Tan, lecturing PM, FM and AFM

  Employers must register to avoid RM10,000 fine   1 March 2021, Malaysia’s Human Resources Development Fund (HRD Corp) has expanded the coverage of the Pembangunan Sumber Manusia Berhad Act 2001 (PSMB Act 2001) to include all industries. So what does that mean?  A company with 10 employees and above must register with HRD Corp and contribute a levy at 1% of monthly salary.  A company who has less than 10 employees can choose to register and contribute at 0.5% of employees' monthly salaries.  Penalty for non-compliance?   Based on PSMB Act 2001 , an employer will be convicted for not registering with HRD Corp may be fined up to an amount not exceeding RM10,000 or face imprisonment up to a year, or both.   Purpose of contribution to HRD Corp Fund? Registered employers can make use of the fund contributed to upgrade their employees' skills according to their operational and business requirements. SBL Khas scheme means you can obtain Training Grant,...

 Repost - taken from FB posted on 4-April-2022 I always wonder what is the biggest cause of famine when the bible mentioned that one of the sign of end times wouls be Famine, besides war and rumours of war as well as earthquakes and pestilences.    So I always thought that, what kind of disaster that will strike that can cause food production be so severely affected - a drought? But watching the developments unfold… there seems to be different possibilities of severe famine could come.   The war between Russia and Ukraine really opened up my mind to different revelation of how things could have potential impact on various things.    Im sharing a bit of my early stage experiences now, since i am involved in food industry, a small aqua-entreprenuer i wouls say, with a small fish farm.    Prices of feed that is controlled by the feedmill have already increased 20% since the day of year 2000 around the time Pandemic jus started. Prices are anticipated...

 Reposted from 19-June-2022 I would love to express my utmost gratitude to both Chris & Latausha.   I was doing some works at the Hotel Lobby and accidentally left my wallet there. I wasnt even realising that I have forgotten about the wallet and returned to my hotel room. Within like 5 minutes the phone rang and a lady asked "Did you lose your wallet?" - I was like "Did I?" - to my shocked, I realised that yes, I do lost my wallet. She said "No you didnt. It is with me at the front desk".   It is a very warmth morning to experience such a great testimony of honesty, and I wish to leave a note of thanks, of how much misery it will be for my stay to have lost all my monies and my credit cards. I pray that our very dear God, our Lord Jesus, will also graciously bless both of you.    Thank you for the wonderful moment again this has recorded in my life. Indeed, this journey to come to Arlington for Bible Study Fellowship's Launch program has piled me ...

  Reposted from 24-June-2022 As I complete my BSF Launch journey…   As I checked in at the airport, the queue was long and the check in was very slow.    At the counter, i requested for an isle seat. This will be a 16 hours flight and it will be extremely torturous, as how i experienced it when i flew into Dallas frm Doha, but with company of Brother Jerry, it was very much better.    Now that i have to fly alone, i can only hope for an isle seat by myself, so i can move around whenever i need to stretch. The long distance means “sit until the backside pain”.    To my disappointment, the staff told me, sorry this is a full flight and there is no more isle seat available. You hv to sit in the middle. Well, in my heart, God this is for you. I accept with a cheerful heart, though i don really like it.    At the boarding gate, another announcement was made, stating this is a full flight. You cannot bring more than 1 luggage, and hv to check ...

  Over 12,000 cases of online fraud involving losses more than RM400m reported in 1H of 2022 It is true that many have fallen victim to scams and the number will continue to rise.  With the increasing use of mobile applications, e-wallets, and e-banking – are you ready to protect yourselves? Remember, not everyone has to be an IT expert to understand cybersecurity.  I conducted a public complimentary webinar with Mr Ng on the topic "Scammed: Will U Be Next?". During the one hour webinar, we talk about Scam, Cyber Security, Social Engineering, Password Attacks, Ways to protect yourself. Hopefully you find this webinar helpful.      Genesis Origo is an online and physical learning and development provider .     

  Written on: 16-June-2022  Repost Here:    About to travel overseas tomorrow for Our Bible Study Fellowship training. Feeling bit anxious, partly because of the distance and also the time i have to stay away frm home. With things to clear off before my departure, there are many things in my head, and it has definitely made me absent minded. So today, i accidentally locked my office door with my keys inside.    So i quickly texted my good brother Ben Tham to rescue. Imagine, i actually asked him how to break the door when i actually meant how to break the lock. He was super nice, offer to take few hours off to come all the way from MCKL to see if he can help me unlock it. Agreed - feeling bad of course, at 3pm. So im feeling so helpless, can jus walk here and there, lie on the sofa, thinking what i can do. No computer, nothing, stranded and handicapped.    Fast forward.. i do not know why and how, i jus took my key frm my pocket, where my MCKL ro...

  Touch & Go now launches its GO Pinjam.   Look at the enormous interest charge it can impose on you? 36% pa max. 36% hellooo. 36%. And look at the illustration, it is trying to give you an impression it is cheaper to borrow even at 36% vs 18% when it quotes “RM21” vs “RM115”.    This is irresponsible illustration, because one is a tenure of 6-month vs 3 weeks.    We re entering a regime of easy credit, in a legal way, no splashing of red paints on your housewalls, but you will unconsciously work your whole life to be slave to these financial institutions. Noticed the emergence of “Shoppee Pay Later” “Boost Pay Later” “Laz Pay Later”…    The system is trying to make you live like you dont really feel any difference because it is all cashless, e-money, but in actual fact, the system is swallowing you bit by bit and you just “get used to it”. Beware lest that you are a Slave to this system.    Financial Literacy is very important. ...

SBL New Format from Sep 2023 Exam SBL was introduced back then in 2018 as a case-study paper. It was an undisclosed case study with a 4-hour exam. It was known as a combined ACCA P1 and P3 papers. Back then, we called it Professional Accountants (then changed name to Governance, Risk and Ethics) and Business Analysis paper.  Few years have passed and ACCA evolved to adapt into the needs of the environment, both the workplace and also the students. In conjunction, we will see further restructuring of the SBL, with very drastic change with effect from Sep 2023 exam onwards.  This video will give a quite overview of how the new SBL would be:  Mr Low Chin Ann is the founding director of Genesis Origo . He is also a lecturer for the ACCA SBL. 

Can a Nation Print Money to Solve Poverty? Student asked "Teacher, I am poor. Cant the government just print more money and let us spend?" This is a very popular question asked by my students whenever we talk about the economy. This may be a long read, but spare few minutes and read through. Currency is not money backed by Gold since the Nixon Shock (u can google it to understand the history of when nations started giving up Gold as a standard to back their money). So using a very simple analogy to explain the situation. Let's use "Teacher" as your government and "Students" as the people and exam marks as the money each of them deserves. Some work hard and brilliant, so they got themselves more marks than others. Some are contented with enough for themselves so they stopped there. Some are really really backwards and behind and never seem to rise up to the standards - and we have those in poverty. Let's say they only score 5marks in each exam and w...

Finding Purpose  Why I am here? What is my purpose? Have you ever asked these questions? I did, sometimes I still do. It is very tiring when you have to work all day long not knowing what is your purpose and you can find yourself so exhausted, and still feel empty. I remember John Maxwell said this, to first find yourself, you must find your purpose and then lose yourself. What an oxymoron, contradicting statements? To find ourselves so that to lose ourselves. We want to know what our purpose is? Then we need to put our purpose greater than our own, thus we lose ourselves. I learnt about great men in the history, like William Carey - an English man who left his own country to India in 1973, bringing with him, wife and children with a lot of uncertainties but with just one great mission in his mind - to bring hope and change to different parts of the world. This man, was the man who founded the now, Serampore University and established 100 of schools for he believed throu...

Free RM80,000 protection from the Malaysian Government. Want to know how? Since personal finance is a topic under Advanced Taxation (ATX), it might be of practical interest to some plan for your child's education and I would like to point out on this SSPN (National Education Savings Scheme). (SSPN-i plus) account. SSPN-i Plus is a savings scheme for your child (or yourself) which bundled with insurance protection. Why it is worthwhile to consider? 1) You get a max TAX RELIEF of RM6,000 (for the NET SSPN Savings)  (Increasing to RM8,000 in Budget 2019) 2) The insurance portion is affordable or would say is cheap . Let's say you start on RM100 monthly savings for your child, RM90 is your savings and RM10 is your insurance cost. What is your coverage like? (i) RM40,000 on accidental death or total permanent disability (ii) RM20,000 on natural/illness death or TPD (iii) 36-critical illness protection of RM10,000 (iv)...

Our Future? The Wealth Gap is growing greater - that it is almost impossible for the ultra-rich and the ultra-poor to live in equal terms. This would result in greater stress to the mind - especially the society has been taught that success is measured based on "how much you made" when we see happiness does not correlate positively with wealth. Many are becoming Lovers of Money as they perceived that "Money" can create them a kind of status - where it is this status that can feed their desire. I have already noticed of uprising generations whom are: Self-centred - being considerate is becoming a skill to train onto them and no longer a value embedded since young. This is so noticeable when I observe the way they "speak or reply message". Risk-averse - a generation that does not have much living skills and does not have much entrepreneurial skills. Living in an artificial world that does not know what reality actually is and when they discovere...

    I once told - the wealthiest man is not the one who owns the most, but to desire the least.. Do u agree?    Yesterday Mr. Sandy McEachern was giving us a sermon, and he preached on something that also touched on "material possessions" A good point to ponder really... the key takeaway from this part was that so many of us are so obsessed with material possessions, and we just love to indulge and to own more and more of these things. Be it, a good car, a good house, good clothing, good life and it goes on. We are telling ourselves to go for something BETTER. And each time we want it better, we work harder and most of us just never are satisfied and eventually - it has taken away the most precious thing of ourselves - Our TIME. Then it comes to a point that we realised - TIME is all gone and the real price we pay include we sacrificed our family members, we sacrificed building relationships with our loved ones, our friends and more importantly, with God....