[Damjan]

@sabastain said:
https://www.accaglobal.com/uk/en/student/exam-support-resources/professional-exams-study-resources/p4/past-exam-papers.html

Correct me if I’m wrong but the only question that was actually on the exam is question 3.

[Damjan]

Pass on 1st attempt 68%. Self study for 6 weeks 2-3h during the week and full day study on weekends. My advice: make small summary of relevant IAS and IFRS.

Most important: study smart not hard, try to see the overall picture in optional questions as well as having the required technics for workings almost automated!

Understand all aspects of ethics – score 6-7 marks there and you al almost there!

Best of luck to anyone

[Damjan]

@fuzzywuzzy I would say you are right, but we are not talking about P3,P4,P5,P7 here. In P2 definitions score marks. I’m not sure if you attempted Q4 but a i) and ii) were not related to scenario at all. I would agree with @Beata examiner is not expecting rocket science out of 20 years old IAS.

The issue is that you have crossed out Q4 in your preparations to the exam in the very beginning thinking that only the IASB members can answer it. @fuzzywuzzy do you really think you now nothing about materiality? I’m pretty sure that this sitting Q4, everyone working in finance/accounting would be able to score at least 15 marks.

[Damjan]

Hi guys,
Don’t burn me alive but to be honest I don’t think that part B of the exam was that difficult. Indeed it was different but not that difficult.

There were plenty of marks related to discussion and I assume markers will be generous to give marks for the ideas supported with relevant statements.

I assume most of you were preparing for calculations, but I hardly recall making 3-4 of them. I chose Q2 and Q4. There were 10 marks in Q4 for definition, recognition, measurement and disclosure of asset/liability, contingent asset/liability and provision. Let’s be honest at level of P2 this was a Christmas gift.

Good luck to all!

[Author]

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