@admin ACCA approved study texts

primarily @admin hi, i am a bit concerned about the quality of our study texts considering their role in my studies which is pivotal. some of them seem to be unedited and or revised because they contain errors ranging from typos to mathematical and or principal inaccuracy. my other concern is how they are heavily summarized and vaguely explain concepts which makes it difficult to self-study students to pick up the concept. it appears as though the texts are meant for lecturers or just revision because in some cases the concepts are much better explained in opentuition’s even more condensed and summarized notes. if it does not infringe upon copyright i will post examples of the errors. maybe this is the wrong site to air this concern, if so please point me in the right direction, if not please help. in opentuition’s case as well i see you let slip an error in one of your reference pilot papers unless you just gave us a link and didn’t actually check the contents of the link. for exapmle:
ACCA FMA pilot paper for Dec 2011 onwards(f2_d11_ppqa.pdf),
which i’m sure is effective for Jun 2012 aswell, Question number 27.
it is on perpetuities. they give the sample answer as 370
from the equation:

5,000 = x + x/·08
5,000 = 13·5 x
Value of annual perpetuity = 5,000/13·5 = $370

which is A whereas according to the formula for perpetuity:

Present Value = annual cash flow/rate and this gives:

5000 = x/0.08

5000 * 0.08 = x = 400 which is C

the error in the sample answer is in principal, the equation given in
the sample answer will give a result of 4995 when you test it:

5000 = 370 + 370/0.08
5000 = 370 + 4625
5000 ? 4995

verify please correct me if i am wrong. As for the errors in the study texts, if it
is not a problem, i’ll quote them in another post probably after your response.
thank you