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Dear Mr John,
Thankfully I passed all my exams in June and now I am looking forward to studying P4 with you. I am in the process of preparing myself for the new courses and I should buy a revision kit soon, however, I am confused as to which I should choose.
I am aware that all of them are probably of the same quality, in fact, I have used different kits throughout my ACCA study, however, my main concern is the way they display the answers when calculations are involved.
let me make myself clear, for example, in P2, there are different ways of solving a consolidation question, I used to use the Net Asset method, but it was a bummer when I discovered that they do not exactly display the answer in BPP kit using the net asset method, when I had already bought the kit, this has wasted a lot of my time when i was practicing questions, while in Kapaln, they display it using the exact method as I saw it before when I was practicing for F7.
I heard that in P4, there are different ways of solving exchange rate questions, as I have not started studying this part yet, I don’t know which method do you use, do you think you can suggest for me a revision kit that uses your methods in solving P4 questions?
I am not sure you can help with that, but if you are aware of the best revision kit I can use for P4 bearing in mind that I will be studying it with you, please advise.
Many thanks!
Maha
I would guess that what you have heard about different ways of answering exchange rate questions refers to dealing with futures.
It is not really that there are different ways of solving questions, but more that there are different ways of showing that you understand how they work (which is what the examiner is really after).
Sometimes the examiner does specify which way, but generally not (and it doesn’t matter). Sometimes examiners answers show it one way and sometimes another – but again it doesn’t matter from the point of view of getting the marks.
Because of the above, the same happens in the Revision/Exam Kits (certainly with BPP and with Kaplan – I am not familiar with Beckers Kits). Once you understand what is happening (which hopefully you will, when you have watched the relevant lectures) then you should not have a problem understanding answers whichever way they have shown it.BPP and Kaplan are both fine (and I am certain that Becker’s are as well), and I really would not rate one as necessarily any better than the others.
Sorry!Thank you Mr John! Your answer is enough and I understand that you cannot rate one better than the other because I do realise they are of the same quality having used both of them, it is just a matter of methods, but as you have explained, it varies and that it is okay.
Looking forward to watching your lectures, very sure I will have a good idea once I do, appreciate your prompt response 🙂
Maha
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