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For the first sitting I would go for 1 exam. See how the studying goes and the exam itself. After that you will feel and know if you are capable of adding another one.
It also depends if you are a full time student or employee. Just start with 1 and you will know by yourself what is best for you based on experience.
All that are examinable on P2. Although there is some pack of IAS/IFRS which comes very regularly on P7.
The best way is to study past papers and list those which are most popular for examiner. And it will be a good revision for you about accounting standards which are very very crucial to pass P7.
If the entity has adopted cost model then you not only can but must take CV.
The company can switch to FV model but then whole class of assets to which that asset belongs to must be revalued on a regular basis.
At least this is what I remember.
Yes it is ok, but make sure to make clear references from your workings to numbers in SOFP/SOPL.
You gain most of the marks for the workings. Only few are given for pro-forma. Making a nice balance sheet / p&l can only help and impress the marker.
@flexi
You took my post too personally. I just wanted to mention a fun fact that I noticed from your post.I got your message plenty of truth is there. As for me I have never understood all this petition fuss whatsover.
Why would you say I’m anti-fan of Arsenal? I’m very neutral about the club really.
It’s funny how you quote Arsene Wenger the king of fourth place with Arsenal, as you passed the exam on fourth attempt 🙂
No one will be able to tell you exactly the reason without seeing your paper work.
However there can be some general ideas:1. Are you sure your time management was on spot? Did you answer each and every question?
2. Lack of application – general answers not referring to scenario.
3. Make sure your paper is easy to mark – headings, paragraphs, clear structure.
4. If you have to do calculation try to do workings on one page and then transfer results to your answer with appropriate referrence (W1), (W2) etc.
5. Read articles and prove to marker that you have read them – there are always some questions for which an article is a given answer (with reference to specific scenario)1. ACCA is giving 4 optional papers of which you have to pass 2. How is that unfair?
2. Yes the exams are time pressured (sometimes extremely). That is why you “only” need 50% to pass. Not 60, not 70, not 80… “Just 50”. Rules of the game are known. Time management is underlined by ACCA very often and this is just how the exams are constructed. How is that unfair?The “fame” of P5 is known for years.
Certainly not. If you pass P1 it stays as a pass. But if you want to enroll for P paper next time you will have to sit F9 in the same diet. (In case you fail F9)
Huge overlap. How do you want to audit a business accordingly with IFRS without knowing the IFRS?
That’s the point of whole ACCA exams. Those scenarios are not really that difficult if you don’t have time pressure and you can comfortably read and analyse.
Like you said – primary goal is to get 50 marks in 3hr 15 minutes.
How was your exam – I didn’t find any of your posts after exam? I hope you feel good.
In terms of studying a subject:
F6 – hardest
P3/P5 – easiestIn terms of exam itself
(which is even more subjective because it depends what you get on the day of exam)F6 (POL variant) – hardest (I had no idea what I was doing) – but thankfully passed 1st attempt 50marks. From time perspective I would like to write P5 twice than re-sit F6 exam
F9/P1 – easiest (because when I opened questions I felt good) although they weren’t my highest pass marks.
P5 was the easiest and the hardest exam I sat in the same time! It sounds cranky but this is how I feel about it
Many things can be said about P5 but I won’t make huge post about – most of the things have already been said if not here then other posts.
Guys I know what you feel. I agree that some of the requirements are cryptic and need to spend time to decipher. Some scenarios at first glance look awesome and easy but then they get really cranky and you feel dumb because you just don’t know how to answer.
P5 is so cranky that what I could say it was the easiest (yes the easiest) and the hardest paper to pass at the same time!
I found P5 past papers less bulky than P3 – but it’s just my subjective experience.
I think you shouldn’t write about the exams which haven’t finished in some parts of world.
Secondly there is always a dedicated topic on exam feelings – it will be opened soon.
So please don’t duplicateDo self study until April for P2 and P3 and enroll for P3 classes. Either you pass or fail P2, your P3 exam in June is certain. After your results you can either drop P2 (you passed) and switch to P5 or continue with P2 (you failed) and P3.
As I said you didnt even attempt P2 so why bothering on the day before exam!
