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Elvericia: ACCA have to pass a certain number of candidates. I’ve no idea what that percentage is but hopefully there won’t have been too many geniuses sitting it in December 2014 and all of us people of a high but not Mensa level of intelligence will get given some of the credit we deserve for the months of hard work and waste of life we endured. I’m fully prepared to sit this one again in June though and then at least ACCA are introducing quarterly sessions after that so the chances of getting more reasonable questions will be higher (although with this sedistic examiner I’m not holding out too much hope). Just got to keep grinding away and we will all get there eventually
Felix: I calculated the WACC to discount the cash flows on the project. Had it at 11% (rounded up) Don’t know if that was right or not but it hardly matters as I’m pretty sure I’ve failed. Was only able to attempt 75% of the paper!
Ashetray: Of course yeah that would make a lot more sense! God that question 1 has ruined my rational thinking process. Should be studying for P5 on Thursday but that question has made me feel like my brain cells have been violated! Demoralisation doesn’t even cover it
It’s reassuring to hear so many brothers and sisters suffering the plight of P4 Dec 14 with me. Was solidly getting over 50% on exam attempts at home, studying for 4 months with little life to speak of and then hit with that car crash of a first question (and I literally felt like I had been hit by a car!)
Can anyone explain something to me: the average pass mark for this paper historically is in the mid 30s and even the 20s according to the ACCA website. What does that even mean? Does that mean they had to mark people up who got that far below 50??? I’m going to need a hefty mark up on this as I realistically scored between 30 and 40. What an absolute nightmare!!! Need to start going to classes to learn how to do it with extreme hand crippling and brain ratcheting speed!