P5 OR P7?? PLEASE HELP :(

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This topic contains 6 replies, has 3 voices, and was last updated by Avatar of angryhamtaro angryhamtaro 1 year, 10 months ago. This post has been viewed 159 times

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    toogoodtofail
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    • Topics: 5
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    Hi all,

    Hope all ready to start the engine again! I am really confused whether to take p5 or p7 as options? I am yet to pass p2 as I failed in June and taking p6. Therefore need another optional.
    I really enjoyed p3 though I wouldnt say I was a high scorer at all. therefor p5 may be better match? On the other hand, an ACCA member told me how P5 questions come from nowhere in your book or text!!?? is that true?
    In terms of p7..heard all all sorts of scary stories so bit hesitating!
    This December, I wish to clear 3 subjects and finish ACCA.

    Can someone please suggest me which one to choose P5 or P7?
    Please also suggest which ALP better for study?

    Many many thanks in advance! May God bless you all with success this December!


    Avatar of angryhamtaro
    angryhamtaro
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    • Topics: 9
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    Hello @wave9181, you may like to refer to my opinions on choosing P5 (or P4) here.
    http://opentuition.com/groups/p5-advanced-performance-management/forum/topic/p5-easier-than-p4/

    If you do enjoy P3, and you have good grasp of management accounting knowledge of F5, then go ahead and do P5.

    P5 is a strategic management & consulting paper, and you’re expected to step into a director’s shoes, aiming to deliver value for your company and your stakeholders/shareholders. It is true that P5 questions require a deep appreciation of looking at the bigger picture to provide a critical analysis.

    On another note, as you are retaking your P2, you have the most recent and freshest knowledge of IASes, and this will be useful to you taking your P7. I did not take P7 but I felt it also had the similar problem like P5, as students tend to misunderstand the question requirements.

    Please do not bother how people tell you what paper is scarier than another. You will live under the impression of doubting yourself. No paper will ever be scary if you prepare adequately. Conclusively, I only provide an unbiased opinion on both papers – but since you did not post a similar forum thread in P7, I can feel you are siding more to taking P5 eh? :D

    Taking 3 papers at one go is quite a gamble if you are aiming to pass. I may like to suggest you taking only 2 – P2 being the toughest and one optional paper so that you can score higher marks as you would have better allocated time to concentrate your studies on these two subjects. But this is just my preferred efficacy – it’s all up to you.

    Btw, I used BPP, and I’d make it an effort to read every single page. I revised each PYQ 3 times.


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    toogoodtofail
    Participant
    • Topics: 5
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    Hiya @angryhamtaro, thanks lots for your very helpful advise!
    I am still deciding between p7 or p5! at the moment I am not working at all and dont aim to till I finish exam. my prep for P2 and P6 is going satisfacory.
    The only reason I failed p2 was it was a last minute..4 weeks prep since I had personal issues.
    The reason I want to do 3 is I have plenty of time to study (hopefully) and I know for sure next year I am back to work and travel hence may not have the same privilage!
    I really value your opinion but I am not to sure about my F5 memory, do you then suggest I think about P7? and also I am interested in Audit work which iI will start next year.
    If I take P7, which book do you suggest? what is your recommendation for OT lecture notes and do you suggest distance learning by any provider?


    Avatar of angryhamtaro
    angryhamtaro
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    • Topics: 9
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    Go where your heart desires, I think you do great with P7. You just need the discipline to commit a few hours of study every day because those three papers require lots of practice.

    I would suggest you to take a full-time tuition course with an ACCA approved learning partner. OT lecture notes are quite brief (good for catch-up lectures though) so please supplement it with BPP reading.

    On a special note, you need to catch up on all the latest IAS, IFRS and Exposure Drafts for P2. Try checking if your library has it.


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    gabriel
    Participant
    • Topics: 18
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    @angryhamtaro,
    thanks for the inbox mail for p5. can you send me similar resources for both paper p3 & p7? kindly help. g_ayo@yahoo.com.

    cheers!


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    toogoodtofail
    Participant
    • Topics: 5
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    THank you again ANgryhamtaro :)
    Problem is I am in Hong KOng and no provides delivers in English therefore only option is Distance Learning!


    Avatar of angryhamtaro
    angryhamtaro
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    • Topics: 9
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    Hm, I guess OT lecture videos should suffice.

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