Is it wise to switch from P6 to P5?

Mmarky12312y ago

Hello John/Gromit/Mike, I have posted my question here too in addition to the P5 forums. Perhaps you could offer advice? Many Thanks I have just failed P6 Tax (June 14) and I am wanting advice – is it wise to switch to P5 for Dec 14? This is my last paper. I am home study and have relied on Opentuition and Textbooks, however unfortunately Opentuition as we know cannot support P6. I am struggling with the planning aspects of taxation – if the exam was like F6 I would sail through as I work partly in taxation. In the past when I studied F5 I thought I struggled – but when I sat the exam I passed first time with a respectable 64. Could I pass P5 solely with Opentuition? Could I do it in 4 months? Is it very similar to F5? All those sort of questions and any advice would be very greatly appreaciated. Marky

kengarrettTutor12y ago#1

You could do P5 in 4 months. Although you you imagine most overlap would be with F5, I think most overlap is with P3. So stuff like stakeholders, PESTEL, 5 forces comes in again as well as F5 content such as transfer pricing and divisional performance evaluation. Quality and quality control is a new area that you won't have covered before. Economic value added is also unique to this syllabus. There isn't a lot of brand new content, but the questions are often a bit odd and require an imaginative approach to answering. Therefore, question practice is key.

Mmarky12311y ago#2

Thank you Gromit. Ive taken your advice and the advice of others on the forum and made the decision to ditch P6 and move to P5. I dont want to jinx it for myself - but Im actually finding P5 very interesting!

kengarrettTutor11y ago#3

Good. The questions are also interesting.

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