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Hello All,
To begin with I would like to say that I began my adventure with ACCA exams around one year ago. So far I have passed P1 (54% – I hated this subject) and P3 (59% – it was ok to study but sometimes it was difficult for me to understand what the examiner really wanted to see – especially in June’s session the exam was strange). I passed both exams at first sitting. I also have exemptions from F1-F9 which I got in 2012 and just recently I completed my PER 😉
I was about to sit P2 in March 2016, but I think that I need to spend some time on revising material from F7 before I sit this exam. It is already second half of November so I was thinking of taking one of the optional modules which do not require substantial revision like P2.
When I was studying I really did not enjoy F8 (Audit). Tax F6 was ok, P5 was also ok. However, I did these two modules when I was at the university so they could be a bit different than original ACCA exams.
Taking this into account I was wondering if you could give me some advice on which option I should go for? I work in industry and I do not want to move into practice and get a practising certificate. I was thinking of sitting P5 in March. Is it a good choice after P3 or should I sit P2 first? How difficult is P5 exam? Is there any pre-requisite knowledge required?
I think that my second option will be tax – probably in Sep 2016. Is it doable for someone who does not have any tax background? I don’t want to study audit and I have heard that P4 is a beast and it is recommended to avoid so I don’t have much choice, do I?
I would be grateful for your thoughts.
Thanks
One more question. I came across some strange comments about P5 examiner and about his ambiguous approach in his questions. I know that all exams are difficult, but is P5 a bit special because of the attitude of this new examiner?
Taking this into account would P4 be a safer choice?
Hi,
I can’t offer any advice, but I’m in the same boat, in that I have P2 and two optimal papers to go to complete (although I had no exemptions). I was just curious about what you said about P4 being fiendish. Is that definitely true? F9 was the paper I enjoyed the most, and the exam I found easiest, although I can imagine the P level paper being much harder.
Hi Neilsolaris,
I am not sure. In one topic someone said that P4 is the hardest of all. In another topic students mentioned that P5 examiner deliberately tries to fail students by being ambiguous in his questions and scenarios.
I am not a native English speaker so I prefer number crunching to play of words.
I feel lost at the moment and I am not sure what to do. I wanted to sit P2 but due to personal circumstances I won’t be able to do it due to lack of time and P2 is tough… Therefore I was looking for an alternative.
My thinking is as follows:
1. P2 sit in Sep 2016
2. P5 – would be ok because I have just sat P3, but a bit afraid of this examiner
3. P6 – will do it later Maybe Dec 2016 or March 2017
4. P4 – not in line with my current job, but I have always enjoyed finance and I am not afraid of formulas and calculations.Any ideas?
hello i am also in the same boat with you i am studying P2 along with P4 and P7 now it all comes to which paper you found easy in F series. like if you found F8 to be easy then go for P7 as its basically just a mixture of F8 with some P2 and a hint of P1 and P3. but as you said you work in the industry so P5 should be the paper you seriously consider specially if you find P3 to be easy. dont go for tax P6 unless you live in UK coz it wont be of much help if you live in another county or region with different tax laws. i am regretting selecting P4 but that paper really adds up to your CV if you work in the financial sector let’s say a bank,insurance house or a financial investment house. now coming towards the result side of the conversation well tbh P6 is the easiest of them all to pass and also have got the highest passing percentage in all optional papers but it wont add to your skills if you live outside UK tax zone. P7 can be tricky for some but i find it easy to understand coz i love audit and its my strength its passing rate is some what at an average when compared to other optional papers and has got a better passing rate when compared to P4 and P5. P5 is a paper which i would have loved to study but unfortunately i couldn’t. Now the main problem about P5 is that it has got the lowest passing rate of all optional exams coz the marking is always very strict in this exam and examiner shows no mercy however on the positive side one thing in P5 which can be termed as a positive is that it has got the shortest course syllabus of all optional papers and its course is not as long as say P4 or P6 in the end its all upto you. hope this will help you to make your decision.
hello i am also in the same boat with you i am studying P2 along with P4 and P7 now it all comes to which paper you found easy in F series. like if you found F8 to be easy then go for P7 as its basically just a mixture of F8 with some P2 and a hint of P1 and P3. but as you said you work in the industry so P5 should be the paper you seriously consider specially if you find P3 to be easy. dont go for tax P6 unless you live in UK coz it wont be of much help if you live in another county or region with different tax laws. i am regretting selecting P4 but that paper really adds up to your CV if you work in the financial sector let’s say a bank,insurance house or a financial investment house. now coming towards the result side of the conversation well tbh P6 is the easiest of them all to pass and also have got the highest passing percentage in all optional papers but it wont add to your skills if you live outside UK tax zone. P7 can be tricky for some but i find it easy to understand coz i love audit and its my strength its passing rate is some what at an average when compared to other optional papers and has got a better passing rate when compared to P4 and P5. P5 is a paper which i would have loved to study but unfortunately i couldn’t. Now the main problem about P5 is that it has got the lowest passing rate of all optional exams coz the marking is always very strict in this exam and examiner shows no mercy however on the positive side one thing in P5 which can be termed as a positive is that it has got the shortest course syllabus of all optional papers and its course is not as long as say P4 or P6 in the end its all upto you. hope this will help you to make your decision.
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