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@natalie656
Hi I have almost the same situation- it was my third attempt! I had 44 and 44 in the past sessions and I studied so hard to get this done but I’m worried I won’t have enough points again..Hi @dannyw1984 I wrote the same about DG.. that it was the company selling assets leaving the group
My opinion – misleading questions.. hard to understand what they want us to do!
it was my 3rd attempt with P6 – 1st – 44 points, 2nd – 44 points again (in spite of 3 weeks studying doing past exam questions and then I saw weird things on the March exam) – what I mean weird is – only some small elements of syllabus might be tested in full, some of them you might have done many questions will not appear..
This paper was tricky, Question 1 requirement – fine but I started to calculate every year profit separately and adding dividends, interest to get the numbers and then I found the profit numbers and tax liabilities.. so I was stuck in the middle and I wasn’t even sure I was doing that in a correct way!
b) CGT – they complicated the things as usual, but generally the tips given in the question were not intuitive and I couldn’t find the real sense of that advise.. (like splitting gift, ok, but maybe it would be better not to suggest by the examinator the possible answer, but let us advise and mark it as correct if what we write makes sense!!!2) I felt totally lost with that question.. Yes, I think in one transaction there shouldn’t be a degrouping charge as it was the company selling the assets leaving the group, not the other way around
Bonus vs dividend, I just calculated the numbers with taxes but I didn’t know if I done that correctly3) I regret I didn’t pick that question, at least I should have picked some marks for small calculations, however I was not sure of that as it needed a lot of calculations and I was afraid of getting lost completely in the middle of that..
4) I chose that one, but I lost time, I didn’t know what the examiner wanted from me! The requirements were too general and if it was more specific I didn’t know what to do at some point to get these marks.. I wrote some things about losing the allowances if they have huge loss and so on but I couldn’t find more arguments they wanted from me..
5) I think it was the easiest one to do, quite fair question, at least I knew how to do one of them to complete..
However, I left the exam hall upset, I didn’t do as much as I wanted and it didn’t cover the whole syllabus.. I spent so much time on revision but I’m not sure if I succeed that time!
This exam may be so tricky even if you study a lot you might get completely weird question with the problem to solve found somewhere in the middle of syllabus!My friends and family don’t realize how it;s possible I cannot pass that exam that it’s not objective at all! You work so hard and get b…it after!!!!
Hi all, I’m in Canada almost 2 years here and almost done with ACCA – 1 exam left.. If you have some questions please message me..
I hate this exam, I thought I was prepared maybe not in 100% but I can agree only some points were tested in detail.. all about reliefs.. almost nothing about VAT, loss distributions, residency status and so on.. I think I didn’t pass..
OMG, I’m so lucky.. P1 – 50, P4 – 50 at first attempt and I thought I failed… I was 90% sure I loss the battle with P4…
I think P4 is much more difficult but doable..
Time pressure from F9 multiplied by 2, the questions may have larger scope, and there are more practice-based questions, and sometimes the question does not suggest you the method required f.e. question does say “evaluate … ” but not stating “NPV” or other method. It’s up to you what method to choose. Second example – question is about hedging choices and you have to decide which method to use – lock in rate, options, futures etc.I think foreign currency related topics are much more difficult.
For F9 it was sufficient to learn few schemes to do these questions – NPV + inflation + taxation, basic hedges, Market Valuations, CAPM, Working Capital Management plus some article-based knowledge f.e. about Islamic finance and after practicing these all the questions from Practice & Revision Kit seemed alike and doable in 3 hours.On P4, we need to learn much more, you need to know theory and I think there’s no universal scheme to do these questions. You can have some NPV, but sometimes you need to apply other techniques like Option Pricing, but it’s less predictable (f.e. in June that was nothing about Option Pricing in decision making but previously it used to be very often topic). You can have question about a merger, a flotation, a disinvestment and you have to apply the techniques there. Your knowledge must be very wide and it cannot be limited only to the answers for typical questions.
Plus use your calculator in the effective way – the calculations to do are usually much more complex.
I’ve learned a lot, June was my first attempt but I think I failed and start to prepare again for December. I’ve done do much, but I don’t think it’s enough and it’s Professional Level so expectations are much higher.
Time constraint can make you more nervous, especially mandatory questions full of information can take you so much time…It’s doable.. good luck..
@teddy2tokes, oh, I’m impressed, it was my first attempt as well but I think you did far better than me..(quite well, you may pass) I got lost in the middle of Q1 and now I’m dissapointed.. lost time at the beginning and I knew I had not enough to finish all my calculations.. Generally after so many exams I feel just after the exam if I passed or not 😉
Yeah.. sssihl I can agree with you.. Q1 was soo long, doable but so many factors to consider and so many points only for assumptions? I think the choice was not objective.
I know my calculations are wrong.. I got frustrated with my calculator, then do some approximations, this question should be for 2 hours!
Unfortunately, I think the syllabus was not covered equally in this exam, full question about DCF method (and no chance to write about something more), the first part was rather a P3 question about the strategic management.
Q2 – I didn’t know what it was – just predicted, but I was wrong, I tried to find something between the numbers, compared dividend/EPS with industry and found really high reserves (so it should pay more to shareholders or invest this money), my decision was not to sell. However, I had the problem with the focus – should I focus on defending from takeover bid or just valuation.
Q4 – tried to do this, but made only a part (time pressure) and whole question was about loan costs/futures/options.
Unfortunately there was nothing about the probabilities and so on, what I really enjoy, and I finally learned how interest rate swaps work (ready to see interest rate/currency swap) so I’m a bit disappointed about this paper.@Gabriel, congrats, I was waiting so long for my results too.. finally got to the website at about 5.30am uk time.. and my email received 8.30.. (on the mail stamped sent 0.06uk time)
Yes,, passed!got the results online… finally!
Try thisYeah, me too still waiting… I’m a bit angry, we have to pay annual and exam fees and now we cannot get the results on time.. I was waiting until 5 am uk time and still neither e mail nor online access.. ACCA if you’re so global and the greatest organisation in the world please do have better servers… the are so many students worldwide who pay fees but also would like to have results!
@Marsha I hope you would wake up and then receive info you passed!
@Gabriel I’m from Canada
Please see the answer from the top of the page:
“I believe that I have just answered this!
You should be substantially ok – just make sure that you are up-to-date with IAS 41 Agriculture and Integrated Reporting – both of them have a chapter in the P2 course notes freely available on this site”
I can agree focusing too much on Studytext is a waste of time. I’ve almost read it year ago, done some notes, and there was too much f.e. about ethics. I failed cause i didn’t have time just before exam to practice questions.
Now I advice:
1. On the basis of your current knowledge start with exam practice – questions, P&R kit.
2. If the question is too difficult, try to read the chapter from study text.
3. Be sure you’re good at consolidation – practice especially these questions.
4. Try not to omit many subjects – i have the impression Financial instruments (i don’t like it 🙂 & some of Pension accounting are likely at each P2 attempt.I would like to ask about latest IFRS updates by IASB – is there any cut-off date for Dec 2014 exam?
my reaction after reading was : “Are u f… kidding me?”
Spent so many time on preparations and now I think it was very unfair and included a few parts of the whole sylabus…
Failed. And unfortunately even if I have spent 3 more days on learning my feelings would have been the same:(Were they going to raise additional exam fees? 🙁 It’s a pity that the repetition is in 6 months – I would forget a lot…:( 🙁
@cardine – so am I… F9 is unfortunate for me and I hope I can tick it out – I will see 😉 Next time I’ll get sick of this study text 😀
I have similar answers as you write here, so maybe a part of my solutions are right! 😀
I can agree that after 15min of reading it seemed doable and quite ok, but then I got messed with leasing a bit and I suppose my cost of inventory holding was not correct – this question seemed quick & easy at first sight but then I got stuck in average inv.God bless the examinator to be in good mood when checking our work! 😉 Just give me 51 and I will be fully satisfied!