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i appreciate you work and its just that as an assistant teacher, i had to believe that everyone has a chance. one of the students i was working with the teacher told me not to pay attention to him because science is just not for everyone. however i worked with him slowly and realised that there was just one little part he had not understood in linear equations. once he got that, we flew over all the other topics and within one semester, he came from being at the bottom of the class to one of the top students. he even won the science fair and the science teacher said that that win was all the more sweet because it was one of the most dramatic improvements he had ever witnessed. now that kid might have a bright future even in science, which he thought he was not good at!
it is just a bump. i did not have anywhere else to vent. since 2011 it has been difficult to get the finances i need just to register let alone dedicate so much time, so once i got the chance i took it very seriously. i could have sat in dec or march but i knew i had a lot to cover so i started reading really far back, knowing that june was the soonest i could attempt. ACCA was my anchor, the one thing i could lean on. sure it is tough and demanding, but it has always paid off. it always felt fair.you put in the work, you get the results. i put in more work than i ever have before. was really just hoping for a pass. the cloud may one day lift, and i may once again attempt. but till then, i realised that half the pain was that ACCA had become part of my identity, i tell young people in university here to register, start it early because it is good for them. i tell them they can dream big and achieve, as long as they put in the work. i went all in. just in shock.Sir, i really appreciate your open tuition website. without it, i would probably not have a chance. i have watched your videos so much, i know some of them nearly by heart.
i have been doing ACCA since 2006. P4 is my last paper.
i have done all the ACCA exams, not a single exemption, because my background is not in finance. i am a biochemist, but science is not supported here so it was very difficult to work in that field.
i started studying ACCA because i realised that i was absolutely ignorant about finance. when i started, i did not even know what debit and credit was. all i knew is that i have no hope if i don’t understand money. first job i got as a laboratory technician in a high school, i saved up and started taking ACCA exams. we have local variants but i felt like they are very shallow and not right. i would go to a library every day after work, study for three hours, and all weekend long. go through the book and study till it made sense. everyone asked me what i was thinking making such a big change, but little by little i surprised them as i kept going through the papers. before failing my P4 paper, i had only ever failed the F7 paper once.
for the longest time, i have been an ACCA. looking back at some old family pictures, i was surprised to see that i always had an ACCA book somewhere.
i started ACCA because i want to understand money. i am not saying that the topics are not important. all i am saying is that it might not be clear the kind of hurdles we face. we so desperately want to understand all these things.
i wish everyone the best of luck. for the first time in a long time, i have to let go of my ACCA dream. i have just realised that it was one of the few things i was deeply proud of myself for. i just wanted to finish and proudly say that i fought the good fight. that if only you gave it a fair shot, you can succeed. looking at this particular paper, all i feel is discouragement. last time i sat it was in 2011. i got 43 marks. i did not know what more i could do so i left it for six years. last time i sat i did not know about open tuition. this time round, i watched f9 videos, p4 videos, downloaded all the notes, read them though, bought the book, studied all the examples through and through. coming back, i really gave it my all because i loved it so much. i have considered taking audit or performance management, which are the only two other choices i have. i just don’t have any more to give.
i just wish everyone the best.what ACCA does not realise is that some of us come from third world countries and paying even just the exam sitting fee for one paper is my entire months salary, before transport, food or any other expense in a country where you literrally have to pay for everything, no social services.
i cannot afford a tuition provider, my younger sister had to buy me a book out of her own pocket. i go to work over the weekends just to use internet and watch open tuition videos because half of the things in P4 like options and futures do not even exist here.
i have worked so hard all year long just to try and get a grasp of the issues. for people to sit there and say things like ‘ if you are not good in math then p4 is not for you ‘ i feel is unfair.
education is about developing skills. locking people out is like in that movie ‘ music of my heart ‘ where the violin teacher started teaching people in the projects, and people were like ‘violin is nit for these kinds of people’ they were willing to work hard and skills can always be developed.
in a world where people want to build up barriers, a course like ACCA can develope skills among people who have been exploited for generations. it is not fair to make money out of people who are struggling without offering even a glimmer of hope. sure, our education system here is useless, math might not be as easy for us as it is for you, but it is not because we are stupid. so help us improve.
i feel like the ACCA is worse than the companies that exploit cheap labour. they have a golden opportunity to break barriers, empower us to be able to improve our lives instead of being stuck in this third world endless cycle of poverty and despair. how can we have the chance to rise up and stop people who are bleeding our country dry right in front of our eyes? there is poor corporate governance, institutions are falling due to mismanagement, enriching a few and destroying the lives of many, insurance and pension schemes here are a rip off. if more of us were empowered, we could have hope. that is all we are asking for. hope.honestly, i’m done. this paper is too one dimensional. can’t go through it again.its like taking a math paper. just numbers.
we are all accountants and we are all taking our last papers, so we are all relatively good at math, and we are putting in a lot of work, put our lives on hold and taking it seriously because we all know it is a hard paper. For so many of us to feel like we just went blank… there must be something wrong
if i had put this much time and effort in any other paper, i would probably wouldn’t feel as bad.p7 forum people are discussing concepts..a machine left in a warehouse, customer didn’t take it yet, what do you do, is it revenue? is it still under stock? reminds me of why i started this course in the first place. all that work just cant mean this little.@carol24 said:
I have never understood the ‘Free cash flow’ method to value a company..FCF = MV of Co ?
FCE = MV of Equity ?Always hated this topic business valuations, partly because there is no lecture OR revision lecture on this topic, nothing, just notes & also because i just feel it doesnt fit right into P4, its more accounting than financial management… and just that had to come in Q1 !!!!!!
I knew in the exam the technique, like i knew we had to first get the FCF for Darma then calulate the MV of Debt from the redeemable bonds & subtract > then we get the MV of Equity > therefore the current Share price, but I just went blank! I am tired of this paper, should have passed it 3 sittings back when i got 49!
My 5th attempt at this paper, I dont know what to do anymore?!!
how has it been going? do you have all your formulas down pac? man. i also just went blank. i dont know how he does that to us. was thinking of just hitting the books hard once again and reading very wide. you go in having it all then suddenly…words just start flying around.
i somehow think that if we went in less prepared we might have had more of a shot? are we overthinking it a bit too much?i am beginning to doubt that you can develop the skills needed for P4 by just reading P4 notes and trying out questions. i know we need to take managing money seriously, but i don’t understand why no one wants to teach us how to! do i need to pursue an MBA or become a certified financial accountant before taking this paper? how can learning about valuation be such a nightmare? the worst part is that you don’t even realise that the book is so shallow. how many other rabbit holes are there? each chapter is a whole one year course! i only wish you would provide the material, the entire ten books we need to study, then test us on not learning said material.
This is my second time round. i gave it my heart and soul. been studying since january! didnt skip any chapters, went over and over, learnt all basics, and still couldnt pick out the building blocks to form my answer with. panic sets in.BLANK.ALL OF A SUDDEN I CANT REMEMBER ANYTHING! took all my strength just to read the question.
ive never worked so hard. if you want to try this paper, don’t mess around. read the notes really fast, move on quick. be done with them within the first two weeks or so. the feeling of not understanding never goes away so get used to it. just work on questions from right now and get a plan on how to answer questions you have no idea what they are asking of you. real talk.