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Leo Donegan

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Active 10 years ago
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  • December 2, 2014 at 11:14 pm #216550
    mysteryLeo Donegan
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    Entered the exam with all bases covered but was definitely cooked after p7 previous day so this is moot! HOWEVER, overall I felt it was a very unfair paper.a) Q1 was poorly worded and some of the terms used were untypical of syllabus eg FCFE times b) the probability theory was hardly covered at all in my syllabus notes.c) Q2 was confusing, for example the basis on the option future and the fixed/floating choice on the swap. Throw this in with the existing time preessure and it just makes it very difficult. This is my first time sitting this paper and key lesson is do Q1 last. I couldnt really make any decent attempt at Q1 butstill spent a large chunk thinking Iit through. When you’re in this position in an exam its demoralising. Did Q2 but didnt have time to consider a collar, just the cap. Q3 was fine. I really like this paper, its the best course on the ACCA syllabus by a mile but I think this examiner needs to think and make an effort to give students a fairer. The simple things are all wrong!!

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