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I’m attempting this exam for the first time in June. Is anyone else regretting the decision to do this module? Never has the subject of tax, of all things, seemed more appealing!
The syllabus itself is nothing difficult or particularly ground breaking in my humble opinion. It feels a little like the old P3 exam in which its very much applying common sense with theory to help structure answers.
The thing that irritates me so much is the open ended, woolly requirements that are often badly phrased and so similar to another requirement in the very same question. It seems to be more a skill of determining what the examiner actually wants than a focus on performance management.
Time is another factor that is insane! How you are supposed to organise any kind of structured calculation and comment effectively is beyond me. Hell, i have been told by one lecturer don’t bother to calculate anything right, just “make it up!”. A great ethos for any good accountant!!!
I jest in a light-hearted manor of course, but I seriously do think ACCA exams are going down hill every time they adapt. Multi choice in F papers (cost saving mechanism), new 4 hour exams (reports of student answers deteriorating rapidly in the last 45mins – Oh really what a surprise! ) along with ever more bizarre answering formats (power point presentation on hand written paper anyone?!!), hidden marking structures to ensure you can’t get full marks unless you are indeed a psychic.
Anyway rant over, just wanted to reach out see if anyone else feels like ripping their hair out.
P5 pass rate is around 30%. This means that people do pass this exam despite all the complexities and alleged exam unfairness. In total I went through the revision kit four times and this helped me to pass it with the second attempt. It took me ~500 hrs. So I believe that it all goes down to practice.
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500 hrs????
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if you have 12 hours a day
500h is not so high, as it is 2nd attempt. 250h for 1st, 250h for 2nd,
125 days * 4 hours per day. You can say goodbye to your personal life.
Love ACCA 🙂@riverstixx said:
I’m attempting this exam for the first time in June. Is anyone else regretting the decision to do this module? Never has the subject of tax, of all things, seemed more appealing!The syllabus itself is nothing difficult or particularly ground breaking in my humble opinion. It feels a little like the old P3 exam in which its very much applying common sense with theory to help structure answers.
The thing that irritates me so much is the open ended, woolly requirements that are often badly phrased and so similar to another requirement in the very same question. It seems to be more a skill of determining what the examiner actually wants than a focus on performance management.
Time is another factor that is insane! How you are supposed to organise any kind of structured calculation and comment effectively is beyond me. Hell, i have been told by one lecturer don’t bother to calculate anything right, just “make it up!”. A great ethos for any good accountant!!!
I jest in a light-hearted manor of course, but I seriously do think ACCA exams are going down hill every time they adapt. Multi choice in F papers (cost saving mechanism), new 4 hour exams (reports of student answers deteriorating rapidly in the last 45mins – Oh really what a surprise! ) along with ever more bizarre answering formats (power point presentation on hand written paper anyone?!!), hidden marking structures to ensure you can’t get full marks unless you are indeed a psychic.
Anyway rant over, just wanted to reach out see if anyone else feels like ripping their hair out.
This has summed up why I keep on failing this paper. This September will be my 4th attempt and I honestly ran out of ideas and motivation on how to prepare for this paper considering the syllabus are relatively easy.I don’t know how it can be different this time.
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