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Yes I sent a letter from the Doctor. However, after explaining to them that it was the Doctor’s policy to process the letter in 2 days and I had no means to have the letter before the ACCA deadline, they came back to me saying it was too late and they would not be proceeding any further with my case. I had explained to the Doctor the urgency of the letter but there was nothing the Doctor could do either to speed up the letter due to their policy and staffing problems.
Dear Tutor
I replied saying that yes I submitted a letter from my doctor but I cannot see where this response has gone. Forgive me if you have already received it
Congratulations to those who have passed P7. For those who were unsuccessful, did anybody lose any of the previous passes due to expiry and are they planning to retake them. I am in that category and I am quitting ACCA
Hi Khalilm,
Thank you for the tip. I received notification from ACCA yesterday confirming that they have extended the deadline to December 2017. So I will try my best again this September. Many thanks for your thoughtfulness and best wishes for your forthcoming exams
Can someone please explain to me what link theory is? I have often read about reference to it working for some.
Contratulations to all those who passed. Commiserations to the rest of us who failed. I really admire those who prepare for a few days to a few weeks and yet pass. You must be geniuses!
For those considering administrative review, please save your money. Swallow the disappointment and look forward to September instead as ACCA will never change the mark however marginal it is. I feel for you Suzid but if you can persevere, may be you will make it next time. I got 47 and there was disruption in the exam hall in the last 30 minutes of the exam which I feel if it hadn’t happened, I could have managed to earn the 3 marks. ACCA will never consider any of this, they teach us what is expected of us, but they can never be wrong. If I do not make it this time in September, I am just going to hang up my boots as I will lose one of my passes in the new 7 year rule and there is no way I am going to do that paper again. Shame so near and yet so far! If anyone out there wants to mentor me for September please help!I do not remember the part of liquidation i.e. Viola Ltd etc in Q2 so I must have lost a lot of marks for missing it.
The questions were fair but too time consuming even for those competent with the exam technique. The information condensed in the Q1 and Q2 can on their own take the whole three hours to my estimation.
I was also gutted by the kpis section of the question. Despite reading about the article on Performance information in the public sector, I had a mental block when it came to answering the questions in this section so most probably I will score nothing.
I also found I was unable to recommend any audit procedures on W.I.P.
Very well done those who passed P5 this time round. I have personally got to the end of P5. It is not lack of proper study, exam technique, question practice in exam condition, attend full time course, revision course etc, examiner’s reports, webnars, technical articles. I have done all these and still failed, so there is nothing left for me at P5. I have decided that it is not for me. I can understand if failure is due to lack of study, hard work or any of the above but I just do not know what it is and I cannot face those questions again as I exhausted them at the last sitting.
Good lack to you all. I am not the type to give up but this paper has made me reach this decision
Thank you Latty. To be honest my first words when I walked out of this exam were “It seems I will never pass P5”! Just like someone has commented on this platform that they were doing a mock every weekend, I did at least 5 mock exams, read all articles concerned with P5, examiner’s comments, quality newspapers, etc.attempted as many questions as I could, re visited the study text, for topics I wasn’t sure of , and, this was on top of the earlier full time lectures, revision, mock exams from preparing for the previous exam which resulted in failure. So I felt I was pretty well equipped for the exam but on the day, I was completely paralysed by my inability to apply all that knowledge to the paper. You can now see why I am seriously contemplating whether or not to give P5 a final trial or go for another option!
By the way I noticed at my exam centre that this time there were fewer people sitting the P5 exam than the previous sitting! They could not all have passed because the pass rate is so low but who knows may be, just may be they have decided that enough is enough with P5 and moved on to something else. What a smart move if this is the case!
Nobody is asking for free marks or easy options, but when one has prepared themselves for the exam, they should not be penalised by the style of the questioning. To get to this level we surely have proved our intellectual capabilities and that we have what it takes to be qualified ACCAs! Why are we really failing to prove this to the P5 Examiner? There is no excuse that the standard of this paper is post graduate level but so are the rest of the other options which some of us have already passed. We cannot be spending the rest of our lives attempting P5!
I am really disappointed and it is pointless for me to wait for the results. Like some commentators on this platform have already said, I too are just giving myself a quick break to recover from the recent exam and start preparing for September. The problem is now I am not sure what I will be preparing for.
NAV1980 you are so right, this paper is really not straight forward. Those who found it easy and feel have passed are so lucky and I wish them well. Nobody enters that exam without preparing and giving their best effort. However the requirements make it almost impossible to apply any prior knowledge to the given scenario. For example, all of us know what EVA is but what did the examiner want us to do with it in the given scenario and ensure we were answering the examiner’s requirement not what we think he was asking. Having to read and re-read the requirement, then re-arrange the knowledge so as to answer the question correctly in the little time available when the clock is ticking is never easy. Despite all the effort in preparing for the P5 exam, I feel I will never pass this paper. How I regret my decision now for choosing this option even though I am aware that there are no easy options. I have now lost the will to pass P5 and it is not due to lack of knowledge, exam preparation or anything else. I have done all I can for this paper and I do not know what else left that I can do.
I think we should all remember that we are professional people and the ACCA code of conduct requires us to act professionally and with integrity at all times. It is therefore unprofessional to attack the ACCA examiner because the questions are hard, time pressured or obscure. P5 like all other ACCA papers are challenging and will always be regardless of which paper or what examiner, that is why when one passes, there is a sense of achievement and satisfaction.
Just like syed above says, you will appreciate this examiner when you find yourself in a position where the FD or CFO stands on your desk wanting answers there and then without giving you the time the P5 examiner allows in 3 hrs 15 min. What will you do then? Turn on your boss and attack him/her for not giving you time to think? This is like a daily occurrence in the workplace. And wherever I have worked, whenever there is a query concerning any area of the company, the first port of call has always been the Finance Department. My advice is P5 is an optional paper. If you don’t like it, there are 3 other options to choose from.
We students are ACCA stakeholders and so are the examiners. The difference is we have high interest but no power and yet the examiners do have the power (Mendelow’s matrix). The best way to beat the examiner is to get 50% or more.
Let us therefore use this cohort to learn from each other’s mistakes in the exam hall and do better next time.
In this question Metis how do you get the dcf factor at 12.5%. The pv tables only give whole numbers ie 12%
Do you have enough materials to distribute to all who are interested? If so please include me on your mailing list or on the Forum so that we can all access them.
Many thanks and good luck in the future. I bet you are very much relieved to no longer worry about these exams.
RAB22IT01Can anyone give me some tips how to pass F7 as I may be doing something wrong somewhere. It is the only paper remaining for me at part 2. I have cleared F8, F9, and two at the final stage but stuck on F7. Please help