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@wendywatkin. Pls share with me what you did differently this time.
@wendywatkins said:
Absolutely thrilled to have finally passed p5. Having failed 5 times and feeling that I just wasn’t capable, I finally got there with an amazing 70 and am now an affiliate. I couldn’t be happier to know the endless evenings of studying are over. Well done to those who passed and for those who didn’t, don’t give in, you’ll get there too, you wouldn’t have got this far if you’re not capable of going all the way.You’re not alone in that feeling. I spent over 2hrs on Q1 and could not even read the last question, Q4, just jumped into writing generic answers.
I’m tired! I’m sincerely praying my efforts in Q1 and Q2 is crowned with success. I did all parts in Q1 except the ABC calculation for 6marks.
God help me!
Hello,
Does your coy do annual audit? If yes, then one of the staff of the firm will be a member of a professional body. You can have your PER signed off by them since they a likely to know your work.
All the best!
I’m sorry Mr. John for breaching the rules, I thought it’s an open forum. Hope I’m forgiven?
Hello,
Let me try to help.
Picking d exchange rate to use has been tricky for me as well but I’ve tried to overcome it by a method.
If someone will be buying a currency, the higher rate will be given him compared to when selling. Look out for the rate that gives him a lesser amt in both cases.
2. A future/ option is a buy/call option when currency will be bought to settle a debt or anything. It is d reverse for a sell/put transaction.
If someone whose home currency is $ has a debt to settle in gbp, he has to buy gbp, so a call option.
The rule changes to d opposite if the the person whose home currency is gbp needs to settle in $ bcos there are no trades in $.
This was an indeed fair paper but I don’t think it was time tested before given to us bcos my opinion is that the examiner may not finish all that is req under 3hrs.
Q1. I did all adjustments except adjusting for working capital, tax savings and sales values of assets.b part had an intricacy of adding the $28m to have a Pa of over $28m, so d1 will not end in negative. Saw that in BPP kit Q25.
Q2 was also confusing with the 0.9% uncertainty.
Wanted to attempt Q3 but had only 15mins left so opted for Q4 bcos of the attraction of c part.
Hope I pass this.