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@indianjoe777 said:
Congrats to you chivonniesweets!Thanks indianjoe777! Good luck to you for the next sitting!
All the best to those retaking P4! You will nail it this time, you can do it!@ge0rge26 said:
Hi,The only thing I would add to chivonniesweets answer is that if you struggle with the calculations just improvise and analyse your findings even if they are wrong. I definitely got at least 5 marks for my analysis on wrong computations which helped me to get my 50%.
Good luck and keep fighting.I agree with you, ge0rge26 🙂
@ge0rge26 said:
Hi,The only thing I would add to chivonniesweets answer is that if you struggle with the calculations just improvise and analyse your findings even if they are wrong. I definitely got at least 5 marks for my analysis on wrong computations which helped me to get my 50%.
Good luck and keep fighting.I agree with you, ge0rge26 🙂
@indianjoe777 said:
Congrats to you chivonniesweets!Thanks indianjoe777! Good luck to you for the next sitting!
All the best to those retaking P4! You can do it! Almost there to the finishing line of ACCA!Hi indianjoe777,
For P4, I was really discouraged after failing on my 2nd try, so for June exam (my 3rd attempt) i sought to clarify all my doubts for each of the syllabus areas. I divided the syllabus into 4 areas and revised the techniques required based on the lecture notes from my tuition provider. The 4 areas are:
i) investment appraisal – overseas NPV, APV, project duration, modified duration, etc
ii) M&A – valuation methods (FCF, FCFE, P/E ratio, DVM, Net Assets valuation, etc), modes of payment, restructuring methods
iii) options & hedging – Black Scholes Option Pricing model, FX & interest rate futures, options & collars (short-term hedging), swaps (long-term hedging)
iv) written areas – risk management, technical article topics, report format for 4 presentation marks etcMy weakest topic was hedging – OT video lectures & study text were very helpful in explaining how options and hedging instruments worked.
After revising techniques, I attempted past exam questions to get used to the examiner’s style. While reading the questions, I made sure I could identify the topic areas and likely calculation techniques required. Very often in exam, the techniques are not stated but there will be keywords in the question scenario that hint at which techniques to use.
After that, I did questions under exam conditions to train up on my time management.
4 presentation marks – I familiarised myself with the different template styles for report/memorandum/discussion paper/etc by referring to past exam answers. Most commonly tested is a report to the board of directors. During question practice, i also practised how to layout my answers in the report format, with headers, paragraphs, introduction, conclusion, etc.
As easypass mentioned above, during the exam start with the question that you’re most comfortable with. This ensures that you have a higher chance of getting the easy marks and higher chance of passing! In the June 2017 exam, I did Q3, Q4, followed by Q1, as I felt that Q1 scenario was too overwhelming and it’d take me some time to understand it. Q3 & Q4 were more straightforward in comparison. Also, be disciplined and skip the part question once the allocated time is up (1.8min per mark).
There’s more great advice in these 2 threads which I found useful:
1) https://opentuition.com/topic/my-personal-tips-for-passing-p4/
2) https://opentuition.com/topic/acca-p4-march-2017-exam-results/page/2/I only passed on my 3rd try, so I believe that you can pass it too if you keep going! All the best 🙂
Passed on my 3rd attempt with 68 marks! (Dec’16 – 30 marks, Mar’17 – 37 marks)
Am now an affiliate – I’m so grateful and excited right now!!! What a miracle! I left the exam hall expecting a 50 cos I did Q1 last, and was struggling to finish it towards the end.
Thank you so much Sir John Moffat and Opentuition. The derivative video lectures were especially helpful. Please keep up the good work here!
I’m so grateful that the hours spent studying, practising questions, going for revision classes, watching OT online video lectures, etc…all that time and effort has paid off.
THANK YOU UNIVERSE!
Thanks everyone for sharing their insights & advice! A big pat on the shoulder and all the best to those who passed. I feel much more motivated to work hard and pass P4 in June sitting…Left this paper standing in my way to becoming an affiliate. You guys are my inspiration!
To those like me who are facing P4 again in June, please don’t give up! You’ve come so far and accomplished so much on this ACCA journey. We can conquer P4 together. Let’s give our best effort for this last stretch. The finishing line is within our reach..!
Congrats to all who passed! Failed my 2nd P4 attempt in March with 37…Any tips on how to prepare for P4 ? It’s my final paper to become an affiliate. Will retake in June 2017!
Thanks in advance guys!
Passed with 60% on my second attempt. Whew. A real relief – been waiting since 8am for the notification email but haven’t received it till now (1pm). Went to the Acca exam results page (not myacca) and accessed my result within 1 min! Didn’t even look at the grade, just saw “Pass” and felt my breath return to my body. Whew. Thank God.
Now 2 more papers left!!