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got 77, yay! first attempt.
really didnt think i’d get much more than a 50 since i bluffed most of the theory questions.
Finally done with ACCA exams :))
any one has any idea about ACCA medals?…i now have a 403 marks total for my professional stage exams.@belle
dont give up! this time try to read and understand the text and revision kit thoroughly. Dont just aim to complete the readings-aim to understand it. I must have read some of those chapters and articles 10 times just to understand WHY and HOW it related to performance mgt. If you know why the examiner wants you to know a particular model or theory, it’s much easier to figure out when and how to apply it.If you’re weak in calculations, practice them! As for answering questions-every one has their own style. But in general answer the question directly, dont answer off point. Most of the time you will NOT be putting down wat you studied. Instead you will be USING the stuff you studied to figure out wat the answers are. Its all application and analysis when u come to the final stage.
Good luck!
COngrats to everyone who passed. Hoping to do p2 soon (my last paper, never tried it before). Wondering whether i can scrape through with a few weeks of studying this one.
How to pass P5
I see a lot of advice goin around on how to pass this paper. I got the world prize for this (not at this sitting) so thought my two cents might be worth something.
-read the FTC text book and revision kit: text book is pretty tiny but its more than enough (i’ve always found BPP too bulky though they’re ok for some of the more theory oriented papers and get thru guides have never been my style)
-MOST IMPORTANT: read the examiners articles in the student accountant. The examiner here is basically telling you wat he wants in these and you’ve got to be crazy to not read these. It’s almost like the answers to the exam!
-go through the past papers. practice a few. I was too lazy to actually do the questions…i usually just read the answers.
-i did p3 at the same time and it helped alot coz a lot of the models were the same.
-the questions are not straightforward. Dont panic at the exam. Sit, read, think. Dont regurgitate wat you learnt in the book. Apply the principles in the models and theories to the questions.
-Dont write too much. People write like 5 booklets sometimes. the examiner is goin to get sick of reading all your (mostly off point) answers. Stick to the point. Be direct. Write your reasoning down.got 67. 🙁 i knew id get a low score coz i thought the paper was easy. Whenever i think a paper is hard, i end up with great scores. Strange. There goes my average.
As for the secret to passing…aim for more than 50. If u aim for 50, ur gonna end up with 30. All i did was study the FTC book and go through the revision kit briefly, paying particular attention to the clarity project summary. Know your ISAs well. Rest is common sense. I only wrote one booklet, had about 10mins to spare after i finished writing the answers. I have absolutely zero auditing practical experience and i dont work in accounting nor consider myself an accountant. So everything i got was straight from the textbooks/revision kits.
Oh and of course, u need to be spot on with IFRS/IAS.