For those resitting p5

I was moved to write this cause I get depressed when I see candidates failing this paper countless time. I genuinely think this paper is not that difficult but it’s also the easiest to fail amongst the professional papers.

I might not be one the brightest to have written Acca( heck I wrote p7 about 3 times) but I think these tips I’m about to lay out might help you pass this exam.

1) Solve as many questions as possible.

Practicing questions I think, is alot more useful than reading your text book. I never even got a p5 textbook nor an examination question kit for this paper. All I used to pass this paper was Open tuition ‘s revised notes, the videos (just on few topics) and all past questions for p5, written in the last 5 years.

Very important, learn how the examiner provides the answers to the questions.

2) You need to actually know what is going on in the world.

I also spent a lot of time reading loads of sarticle from media houses such as the economist, financial times, Bloomberg business and the likes. A lot of the scenarios questions the examiner brings are actually what occur in a lot of countries/ world organisations, but you will never find such in your textbook.

Are you aware of the current world happenings? Impact of brexit to UK and Europe? Drop in oil price and it’s global effect? Impact on government policies on businesses? And so on..

You need to pick interest in these. They will help you understand a lot of the examiners questions better… I think the current examiner has a flare for Information technology. So as much as possible, find such articles and read up

3) Are you providing critically sound answers to the questions?

Remember this is advanced performance management not f5. If a company wants to increase revenue, in f5 you can easily answer with ‘increase price or increase sales’ but in P5 you have to take cognisance of the fact that the company might not have capacity to increase productivity, or that the market is already saturated and cannot increase price… etc

I believe this is where the examiner expects you to tailor your answers to.

4) This is p5 not p3..

Yes p5 and p3 might be similar but they still differ. P3 has to do with more of analysing a business and it’s operation and learning models, but p5 requires you to add value to the organisation. You should make sure your answers are tailored to add value to the organisation.

5) Try and attempt all questions

Remember, never give up. Quitters never win. You are close to the finish line, it’s too late to turn back. Hope to see alot more success stories for June 2017 diet