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Hi mcostello
Your choice should be based on knowledge gained at the Foundation Level. You should have read the Examiner’s report which will surely help with your decision. I think the Examiner said that if you are an auditor you will find P 7 easier. However browse the syllabus guide and it will help. if F8 was easy for you then select P 7. Each paper has it own challenge, but it how you apply yourself.
Best of luck in your selection.Dear Admin
How soon should we expect notes update, in view of the changes. I will be grateful for same.The method used will depend on the information given. Hi Low method could be used or demand curve P =a-bq with MR= a-2bq find MC using the variable cost and equate MC=MR.
This is just a suggestion, need to review I think tthere are other methods.
Good LuckThat is great you are on your way to sucess. However, in my view the interpretation of the question is most important, which I do not fully understand. Presently I am trying to grasp the approach to P5 questions.
I am worried that the examiner may see relevance in the value at risk in P 5, since changes in the environment can invalidate strategies. But how can it be asked as in question in P 5. My thinking is that it can be a disadvantage to whatever performance measure used.
According to the article #2VAR is a widely used measud of thr risk of loss on a specific portfolio of financial assets.
My guess it may be a short question related to scenario.
Hoping that it is not on the paper.