*** ACCA P4 March 2017 Exam was.. Instant Poll and comments ***

Question one was loaded with so many things to sort out, doubt if one can finish well in such high pressure exam. I attempted to the best of my ability. Question two purely written and did some part but my best was question four APV.Hope a marginal pass comes through.

same feeling as yours, why should a 50 marks question like this! Part a is not so surpised as it is a recent technial article, but what the part b for? So much issues to do!
Just ignored the part b iii for discussion and part c……no time to finish……

What figures did people get for the APV?? My base case NPV and APV were both negative…

I also got npv and apv negative about 2800 for npv and 3200 for apv

still don’t know if the paper was in English or German?

very tricky. Q1 was different than any Q1 before from past papers. Q3 was again very tricky, looked simple, but it wasn’t. too many uncertainties, and Q2 all theory question in P4 exam?! and Q4 was only question that looked ok. It was still not that easy, some tricky bits, but atleast was doable.. hard paper this time

Exam was….argh!!!!

Second attempt and I feel like I could have done worse than the first time.
Time management was better – did option questions first then section A. Got lost on what to do on 1. part (b) so made up a few things…not advised!

Good luck everyone, I know I need a miracle x

Me too.. Base case Npv was (-) and APV was also (-)

About Chairman mssg for Year 2 profits = 0 ? what method you used? Sensitivity, IRR ?

Sensitivity duhhhhhh…

Despite being very angry coming out of that exam, I have an overriding feeling of disappointment more than anything. I revised really hard covering a vast range of topics with particular focus on ‘core areas’ – international investment appraisal, BSOP, options & futures, acquisitions etc. Only for hardly any of these topics to show up in the exam.

Whilst I appreciate we can’t ‘question spot’ all the questions barring the APV question seemed to cover niche areas of the syllabus. B1 seemed to want far too much writing for a 45 minute question and B2 was an absolute mess of a question.

This was meant to be my second to last ACCA exam and I’ve managed to pass all the others first time with decent scores so its fair to say I’ve always been pretty confident going into exams and that was the case today but I just feel that paper was not a fair representation of the P4 module at all.

I hope the ACCA pick up on this and do something about it because it’s not fair on the students who work so hard for 3/6 months only to be presented with a paper like that.

@Jack I hear you bro, I covered the syllabus in its entirety and finished the entire kit. Only didn’t do the last two sittings past papers. This paper was very difficult and set to fail students. I too passed all in first attempt and this is my last paper but most likely to be a fail or marginal pass at 50 or 51 max if a miracle happens.

Exactly my point why we should inform ACCA through the survey.

Agreed. It was very hard paper. Of all ACCA paper I sat, this was hardest, and of all P4 attempts again this was hardest.

The first look at the question demotivated me but I left that for later, went on to q2 and found a whole theory paper in P4, full theory and last two bits of that were out of nowhere?!

Next go to q3, it looked simple at first, but when you get to it, there were many uncertainties, many things left to assumption, tricky.

Finally Q4. APV calculation, something that was still doable. And all that in the time frame given by ACCA, very challenging!!

The only question paper that comes close is this sitting of P4’s is Nahara Co. Question from Dec 2014 and Cigno Co. Question from Dec 2015 Hybrid

Same to same bhai