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The sample exam questions are at the bottom of this page:
Agree with pretty much everything that’s been said.
This was without doubt the most difficult ACCA paper I’ve ever sat. This was completely due to the vagueness of the question requirements and their obscure nature – the time pressure was as expected. My preparation for this exam had been the most complete of all my 13 previous ACCA papers: 10 full days at college, 2 marked mocks, and I practiced every single question in the BPP question bank, at least twice.
All we can do is hope and prey the examining team show mercy and adjust the marking accordingly.
The syllabus is huge and some parts are very technical. If you can watch video lectures with the technical parts that will make home studying easier.
The topics that come up the most are: CT, groups, IT, IHT, CGT reliefs.
There’s lots of rote learning to be done for the conditions and rules, so if you’re good at that it will help. It’s examined in more of a discursive type manner than F6, essentially it’s how P2 is in comparison to F7.
Have a look through the past papers, there’s some common themes, as previously stated. You could get lucky on the day and scrape 50%, if not, it will put you in a great position for September.
Just don’t plan doing anything other than studying between now and the exam.
Strange, I still haven’t received a text. However, I did gain access to my ACCA account and the result was confirmed there.
It’s probably worth noting, the results page looks completely different now.
I struggled with this one too.
As I understand it, of the total consideration £79k is the gain from the disposal of chargeable assets that needs to be relieved. The AE and losses b/f are £17.5k, therefore this ratio (61.5/79) of the total consideration (£320k) can be received in cash without incurring any CGT, the rest must be received in shares.
Hi Mike,
Do you think the amendments to public sector auditing will be tested in December’s exam?
Thanks,
Thanks for the suggestions Mike.
I was thinking more broadly along the lines of: materiality, standard, treatment; or materiality, risk, standard, opinion.
Sound sensible?
Interesting perspective @groovykikko – thanks!
I know employers are unlikely to ask you what options papers you did in an interview, chances are, if they qualified with another body they won’t even know ACCA has options papers.
My thinking was just on the papers usefulness in the day-to-day operation of a finance department.
Maybe it’s me, but management accounting seems to be a constant, whereas large investments and funding anything, other than graduated growth, is less so.
I tend to agree that enjoyment probably should be the deciding factor though!
My other option is P7 based on my perceived difficulty of the paper (sitting it in Dec) – I work as a management accountant and have absolutely no experience working in audit and wouldn’t consider it either.
Just going by my research, it seems P5 probably has more relevance to a wider range of companies/industries. P4 seems to be more specialised as not all companies have a need for a treasurer/treasury dept.
My problem is I scored high marks in F9 and would probably enjoy studying P4 moreso than P5.
Perception is reality!
I was starting to feel guilty, so that’s reassuring.
I think it’s the best way to get the most exposure to the syllabus in the shortest time.
Many thanks!!
