Hello. i have left two optional papers to choose. I am considering go P7 and P4 or P7/P5. If anyone have experience in choosing these papers, please share with me. I have attempted all fundamental papers, my marks in F5 and f9 are almost similar, and i dont have any priority to choose one of them. I know P5 has very low pass rates, and P4 also has lots of numerical calculation.
I did the combination P5/P7. I passed P7 at first attempt but is having a struggle with P5. This will be my 3rd attempt. The content of P5 is not difficult to study but understanding the examiner and time management is where my issue lies... I failed with 47. The examiner sets fair papers so it's not impossible to pass this paper. I hope this helps.
If you are better in discursive than calculations I would advise you to go for P5 which has less calculations than P4.
@Yu Yang would appreciate if you can also share your P4 materials with me. Thank you
Have you taken your P3 yet?
I just sat and passed P5 first time with a really good mark (although the pass rate was only 38%) and I found that a lot of the base was from the P3. Many of the theories used were already covered in P3 so it cut down on the 'new' knowledge needed.
Also there are lots of podcasts for P5 on iTunes which if you listen to them over and over again really help. The low pass rate (I believe) is due to not reading the question properly - a question repeated in numerous sittings (including mine) was about the effectiveness of a given report in providing the information needed to managers. Apparently people fail as they launch straight into evaluating the financial performance of company based on the report, rather than the report itself - i.e. does it tell the managers information that can help them in decision making; is it clear etc. The fact that there are podcasts specifically on these types of questions, and that they have been repeated in may sittings tells me that students still aren't answering the question asked. The podcasts really help to understand these issues. Maybe have a listen before you decide.
I have no knowledge of the other options you are looking at, as I am struggling to decide myself between P6 & P7 for my final exam, but if you did well and are happy with the P3 syllabus (and doing very few calculations) P5 may be the way to go :-)
I also facing same problem, but eventually I decided go for P4 and P5, because my goal is want to become management accountant. Maybe you should think your future career to decide the optional papers. Hope it help.
@ Yu Yang, I intend sitting in for P4 and would appreciate sharing the learning materials on P4 with me. Thanks.
I'm faced with the same decision. Based on my performance in P1 and P3, I will not be taking P5 as these discursive papers have given me great grief. P4 it is.
@Yu Yang would be great if you can also share some P4 materials with me. Thank you
I am also in same situation , I will go for P7 in December 2016 but confused about the final paper whether should I go for P5 or P4?
choose P5 which is great. I will resit in Sept. this time should be ok. a bit of theory/bookwork and some common sense will do definitely.
I suppose it depends on what area of accountancy you want to take. If you want to take the practice route then go for tax and audit. If you want to take the industry route then go for finance management and performance management. I am not upto those papers yet but I would imagine they are equally hard as hard as each other.
Please Yu Yang send me p4 materials too. Thanks
Hello are u still looking for p5.if yes add me wassup 12892337697
Hi, i'm facing the same problem with you. Thanks Yuyang for your sharing, and i am decided to take p4 now. It would be great if you guys can share some P4 materials with me. Thank you so much!
Hi, I’ll be starting to build a series of exam revision videos for the papers that seem to have a low pass rate.
I’ve started with paper P5 at the moment, but viewers tell me I should probably do the F level papers first, especially paper F5.
So after I’ve completed my current project video, I’ll move on to the paper F5.
I’ve tried my best to make it as short as possible, and for writing, included a skeleton answer (which you could write to earn essential marks), as well as a full answer based on that.
anyways, please take a look and let me know what you think. Thanks!
Link is here:
Well dear, it is totally up to your interest since the optional papers (Real ACCA) are fully career based. As a student of ****** P5, I would suggest that you should consider this paper if you have an innovative mind and critical thinking in real life as the exam is highly practical and subjective in nature. In P5, there is no correct answer but only correct approach. So, if you have a good ability to 'judge' a situation and analyse or evaluate it, then you should come for P5.
The legend P4 should be chosen if you are good in calculations and making assumptions, as there are very tricky things in the paper and the candidate can easily be stuck off. For P4, calculations must be very well polished to save the time for writing.
Wish you best luck