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lindencourt said 22 hours, 35 minutes ago:
This is finally it with the ACCA for me. I have decided to quit. P5 exam last week was a total joke and now this P2 exam! The text books and preparation material for these exams are far, far too inadequate for what is now thrown at us in these exams. I have no confidence in passing any future ACCA exams as it is now become a bit of a lottery. You might be lucky to win with a question on a subject that you know enough about to answer, but the broad range of accountancy knowledge that we have all gained from our studies is simply not tested. I have more confidence in winning in a casino than passing another ACCA exam. The ACCA examiners seem to test just a small part of the syllabus, sometimes even an obscure element without contentrating on the broader aspects that we are all prepared for. I feel they do not test us for being future accountants. Surely that what the exams should be about?Perhaps the ACCA is getting short of cash so they screw the students by making the exams ridiculously hard for the vast majority of students so we have to retake, and then retake again …which mean more cash for the hard-up ACCA coffers.
What has really got me about today’s P2 exam was that the examiner is a football fan and asked us a 9 mark question about football players transfer and agents fees and other issues relating to football. I HATE FOOTBALL and I do not even know what the question was taking about. What is a transfer fee? There was simply not enough information there for people like me to understand the question. 9 marks about transfer fees!!! That was 9 potential marks gone. Its a joke.
Q4 . Revenue – I do not remember reading about these conceptual issues of time value and risk in any study material of mine and I simply could not come up with anything like 25 marks of written response. This exam was yet another clear fail for me.
To make the ACCA exam more credible in the future I feel they need to offer the student a broader range of say 6 questions to answer over 3 hours out of say 9 options presented, not just like the present 3Qs from a vast syllabus.
Anyway, good luck to everyone – its what we all need these days with the ACCA
Buddy all I can say is don’t give up you’ve come this far. Keep trying and you will succeed. It always looks bad when you’ve just done an exam and don’t let that cloud your judgement. I remember a few years ago in 2009 the P2 exam was really tough and even most college teachers still agree that, that sitting was the hardest ever in P2 and not one person i knew thought they’d passed.
however when results came out every single one of my friends had passed and the pass rate for that particular sitting was 58% (the highest ever for a P2 sitting).
Personally I think its better to have a hard sitting as they mark it more generously rather then having an easy one as they mark those with a fine tooth comb and more people fail
I sincerely wish everyone all the best and that everyone passes.
Keep the faith people and as the saying goes it ain’t over till the fat lady sings !
Hi Guys,
does anyone know if the pass rates for the June 2011 exams have been released ?
Thanks
Hi Guys,
does anyone know if the pass rates for the June 2011 exams have been released ?
Thanks
Passed 62%. This was my last exam and I’m an affiliate now !!!
I will not missing sitting the exams however will miss coming to the forums, reading comments and also the support I got from you all.
Thanks.
Passed 71% affiliate now.
I was convinced i failed however this was the biggest shock ever.(I even tried to pay for a resit on sunday evening but the system wasn’t working !!!)
for guys who want a couple of tips on passing this:
1. Answer in the form of a heading and paragraph. Underline the heading and write no more than 5 sentences a paragraph.
2. Don’t panic if you don’t know a model. The answer is within the question. Read the scenario, highlight anything that seems a bit suspect.
3. Most importantly apply the model/analysis to the scenario ( I didn’t know the building blocks or the BCG that well but I just used the info in the question and answered the question set rather than worry about what the model said word for word)
4. Finally, answer a 100%. As long as it’s logical and applicable to the scenario you will get a mark for it.
I do hope this helps someone out there
Shawn
All the best to everyone for results day on monday. I’m sure they will be marking this P2 exam quite harshly so not expecting a pass !!!
Kinda worried now that everyone is saying it was an easy paper. this happened last year with the advanced audit paper and they marked it very harshly !!!
btw guys please do ensure you provide feedback on how you thought the exam was on the acca website via the link below:
https://accastudent.newsweaver.co.uk/1v680h6b5jtd7ywekajfgf
At least if we all provide true feedback and tell them what we thought about the exam they may consider holding a resit if the exam has a pretty high fail rate. They did this in CIMA for one of their papers.
@abdulwaris said:
Q1: The question just took out an additional 10 minutes of planning time. Firstly what was transfer pricing for when you didn’t test the calculations. Second how to find WACC when the total capital is given & the ratio is not. Rest was fine just straightforward comments.So that’s the answer the riddle you had to work out the weighted average from the total cost of capital !. I was really suspicious about our beloved examiner giving us a cost of capital without having to work out some complicated stuff !
well in hindsight considering how much work you had to do to work out the wacc for a mark or two I’m kinda glad i just use the cost of capital ! Definite resit for me gona buy a P3 book and revise from that as the P5 revision kit is about as useful as a chocolate teapot for this exam as its very different now.
@aquafire said:
ABSOLUTE DISASTER…. IF I GET 100% IN WHAT I WROTE MAYBE I WILL GET 50%…
THE PROBLEM I HAD WAS TIME… BUT DID ANYONE GET THESE VALUES (OR WERE WE NOT EVEN SUPPOSED TO CALCULATE IT)
I GOT ROI =23.26%, 13.16%
RI = 184.54, 1.58
EVA = 130.36,1.27FOR QUESTION 1 M/S, SERVICE DIVISION….
I got the same info as you ! pretty sure I’m wrong though ! also i noticed they’d put in the head office allocations in the figure I said that the head office figures have been left in as the question didn’t say not to remove it (another needless confusion !). I feel like most of you this paper looks easy on surface however its not easy to do it within the time limit and the requirements for 6-7 marks actually feel like 13 or more in other papers
I had a nightmare too dude. Like you said those models really through me off got the BCG thing really wrong as well. I completely forgot about the market share aspect of BCG and messed up the building blocks as well.
As i began to ran out of time. Fact is i prepared for this exam a lot different than it turned out to be. For next time I’m going to look at some P3 questions as this was ridiculous !
Well guys turns out you can pass it without the standard numbers or exact definitions however please be advised that it would be a touch and go pass rather than a clean pass in mid 50’s.