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I passed my p4 first attempt
Thank you John and open tuition. Been a long journey. Passed all my examsWhich theories are wrong? Enlighten me!
Tip: to pass P5 you need to apply the theories to the scenario given. Just detailing theories doesn’t score jack!a very delayed reply, but as I remember the first question part a was about evaluating the model report as it would have been for a succeessful comapny, it resembled the Balanced Scorecard and besides mentioning that I wrote about how performance in 3 perspectives lead to good financial performance. Then i think it was about suggesting and recommendations and the last 2 parts were about TQM and its four categories if I am right those should be internal, external, inspection and prevention costs. calculated the target cost margin and wrote about how avoiding non conformance cost may achieve the required target cost.
2nd question I attempted it last, was about ROCE and EBITDA calcualtion and evaluation, i was only able to calculate them, didnt complete the rest of the question.
4 was about the accountancy firm and its new overseas client and introduction of reward scheme helping to acieve targets, i mentioned the rewards as in Moons building block models and how rewards should be linked to performance and the objectives of the rewards i.e clarity etc
overall time pressured exam as i all done was work on my time management for this re sit and past exam papers and technical articles
much thanks to open tuition
passed my P3 on the first attempt
on to the next one p5I am sitting P5 in June, and haven’t started studying for it yet, it is doable thanks to open tuition, I always have a plan. First lectures, and then past exam papers and that’s about it.
My mcqs were similar can’t remember exactly rest of the paper was ok too, except q5
Q6 was tough too.
Hope i pass it was my first ever 2nd attempt.53 considering no practice of past exams and just week of studying.
Thank you Sir Mike LittleThanks, I have started on P1 and P2, it is definitely a build up as I just sat F7 and F8, also the Professional Ethics Module really helped 🙂
The exam overall was hard, because i wasn’t well prepared for F7. It was my first time sitting two exams together. F8 was ok.
I attempted the whole exam. Balance sheet was a disaster. Overall Q3 i was only able to work on it thanks to Mike’s lectures. I only had enough time to listen to lectures and practice few examples.
I would have probably done better if i had practised past exams.
Thanks Open Tuition. Hopefully i pass both exams. Fingers crossed! !I found this exam to be pretty fair, i struggled with four factors influencing the audit evidence, but just used common sense to answer all questions. I spent too much time doing Q5 so left the audit procedures after identifying the deficiencies and recommendations.
Moved quickly to Q6 as had only 15 mins to answer it. answered it all as the question was divided into parts so easier to gain few marks in each part.
Overall the questions seemed to make me use more common sense and overall knowledge of Auditing than testing testing a particular topic in detail .
The results will decide how well i performed. I THINK i performed really wellI may not be the best person to answer this query, but let’s just say most of us struggle similarly. Work, life in general, family, commitments, enjoyment and so much more that life has to offer gets in the way of studying. Am I right? (rolling eyes) hmmm i guess so! On the contrary, sometimes it is simply laziness, poor time management and lack of discipline that gets in the way of studying. I think together the two hold true for the majority.
Motivation, is a word so deep that you have to dig out from the depths of your inner self, your consciousness, your conviction errrr thinking deeply, I would say Motivation needs a regular check up. Just like how you get a health check up, how you maintain your diet, how you keep a work routine; motivation similarly needs to be renewed, pondered over and rejuvenated yet to keep it going strong.
I hope that helps, but let me tell you something, we are capable of a lot more than we can comprehend ourselves. The mind is limitless just like the universe. We are strong and it is said that no soul shall be burdened beyond what it can bear. Getting back to the subject of motivation and linking it with studies, it generally works if you treat studies and exams just like your job or part-time job. Spend 2-3 hours daily, if not then regularly. Follow a routine, plan ahead, more importantly do some exercise to help relieve stress and keeping a healthy mind and body. Physical and mental fitness is essential, especially in today’s world. We all live a busy life, hard to squeeze new things in our daily routine, sometimes so busy that we don’t pay attention to our social circle.
I personally being a bit lazy leave everything and do it at the eleventh hour.
However, I do pass and score average marks. If I was to put more hard work, better put like this, if I was to manage my time more efficiently and study properly, I could score better in exams. My point is motivation, that’s what I lack too and yet I am writing this article to help you, because sometimes it’s the human nature, people can advise other people than they can themselves. Does that make sense? hmmm I guess it does. So by advising you, ultimately I am noting all of this for myself too and work to improve my motivation and find the trigger to take it one level up every time. Hehe, I think that last line was overly ambitious. “Find the trigger to keep it in Resonance.” Don’t let it fluctuate too much, just like the Miller Orr Model for cash management.
Well, I hope this helps, I want to continue writing but I have to get back on my studies 🙂
Good Luck with your exams 🙂Thank you john moffat, your lectures were awesome. Then bpp kit to help me fo well in this exam. I found question 2 and 3 harder than the rest of the exam. The demand equation and marginal revenue and zbb question and activity based costing questions were easy marks. The questions themselves explained the scenario so well that i used the questions to write my answers
I attempted 75% of the exam, left out Q2 but very happy that I scored 65%. Thanks open tuition. Big Respect for the teachers on open tuition 🙂
i chose alrenative 1 it gave highest net proceeds i.e deemed proceeds – capital gains tax on the sale of land
I attempted Q1 as it took 15 miutes of my planning time but still messed up the 2nd part of it for Edward king. then I attempted Q3, then Q5 and then Q4. which I found easy and do able. left out q2 as ran out of time. just had a little to write up the proforma. so fingers crossed and wait for the results. it was nothing like the past exam papers I have attempted. given that I only started preparing for it in last 3 weeks. I thank open tuition and Kaplan exam kit if I do scrape a pass!!
I am wondering if I would get any marks without citing the cases in directors removal question, amendments of articles questions and dividend questions. if it wasn’t for your lectures @mike I would have failed the whole exam. it was my first attempt. didn’t expect to perform really well. if I do pass n hope I do I will be over the moon
