*** P4 June 2012 Exam was … Comments and Instant Poll ***

The share price for question 1 that i calculated was higher than the price offer by the buyer, then i just make an assumption, to assume the share price is lower than the price offer, in order to calculate the % gain ^^
does it make sense?

@admin,

Include please VAR in Opentuition lectures. It is second time it was on exam, i had no idea how to answer it.

Q5 was on european debt crisis. country mentioned in the question was different.
option Q4 Q5 was better except some twist on equity beta. but Q1 and Q2 really troubled me. I dont know wat is going to come as result. hope for best

I failed this paper twice already. I passed the other papers 1st attempt. I think this paper is for geniuses. Maybe Albert Einstein can pass this paper easily? I changed strategy and decided to switch to P7 instead. Studying P7 made more sense to me. I really cannot grasp those weird beta and what nought formulas. I really respect those who pass P4 paper. I don’t understand why some still attempt this the 2nd or 3rd time after failing. I made a mistake by choosing this paper. I sat for P7 last Monday and this is my last paper and I answered all the questions quite easily in the 3 hours time. Hope to become member soon. Those of you who did badly or failed, you should consider seriously before attempting P4 again.

Anyway, all these derivatives dealing such as options, futures and swaps in the real world is the main culprit of the world financial crisis in the last decade. Not many people understand the complexities of these instruments. Maybe, ACCA should seriously revamp this paper entirely and produce a more sensible and practical paper for all future accountants to pass first time. Or maybe reduce the complexities to the minimum in the syllabus. Focus should be more on practical issues and concepts that can make a better world for everyone. Not beta and alpha concepts and make life miserable for all and world crisis and suffering to mankind.

Aw i must add that the paper threw me off completely – i had revised futures, options, etc but only got one question on swaps which i did not attempt silly me !

Overall a very tough paper with very little chance of getting a pass mark 🙁

@auk84 said:
shishir malde should be fired, on producing terrible paper, and for making the pass percentage even more low.

Could not agree more. The guy is completely disconnected with the reality and the students of ACCA.

Having variations in the exam papers is fine but to muddle information so much is unfair. The biggest issue I have is this, to succeed in P4 you MUST do well on Q1 and Q2. In Q1 we had 3 proposals: Offer, Product options and Share Exchange. HOW ON EARTH THEN the muppet forms another question Q2 which also, incidentally has 3 PROPOSALS? Debt recapitalisation, Sell off and Investment in NCA.

What the heck was he and the examination team thinking? I have never seen a paper where 2 questions are so similar in style, of course requiring different applications.

Ofcourse Shishir Melde should be sent an email from every student on how horrible his exams are and that he is ugly.

shishir.malde@ntu.ac.uk
Tel: 0115 848 4269
Nottingham Business School
Nottingham Trent University
Burton Street
Nottingham
Nottinghamshire
NG1 4BU

sad with the exam, i put so much effort in studying and doing all the questions…3 hours is enough….hope won not retake next sem…

Q5 not on European debt crisis (EDC) why

1.countries suffering from EDC are going towards bankruptcy and not recovering , the country mentioned in qs is going towards recovery.

2. High unemployment in PIIGS . Larnocias on the other hand has high employment but lower wages.

Issues and risks would include
.Lack of experience: not having enough experience of opening subsidary
.Double taxation
.Exchange rates
.Raising too much finance in equity means loosing ctrl
.Lack of expertise in the subsidary country
.Barriers to entry / competition from local pharma companies but govt is supporting all pharma industries
Well if govt is supporting industries like pharma , the qs is not on euro debt crisis because in countries like piigs the govt are no longer supporting any industries , no grants , tax holidays , nothing
Some thing was mentioned regarding int rates but don’t remember

but hell I have been many time wrong in the past and I may be wrong now , not an expert of P4 at all. This is not my first P4 attempt and I have missed easy marks like BScholes didnt realised that in qs 1 examiner was asking about BSM

So scared like hell.

This exam for me, like most P level papers is challenging mostly with the time given. Its incredible the amount of thought that the examiner wants you to put in under exam conditions, including time. While I must say that the material examined was reasonable based on the type of practice q’s in the kit etc, we students loose plenty time trying to read between the lines of all this information (1/4 of which is non-essential) I attempted 5,4,2,1 in that order as I know q1 takes most of my time and I preferred to run out of time on that than miss answering maybe 2 questions properly.

Quest 5, in my opinion, one could have used their knowledge of the EDC by merely the proper application to the situation. I can’t remember in much detail what I answered but ” I went sweet crazy on the answer” lol. I spoke about the Forex risk, economic issues incl. recession where spending will be influenced on cheaper goods (being Lanovia) which is subsidised by government and imports cost higher. Control issues, mitigating forex risk with loans in Lanovia and other stuff.

My problem with this paper as with my last attempt is that I get overwhelmed with excitement at the areas tested and maybe sometimes read too deep in the questn. This time I controlled it albeit my fears like everyone else, i am being optimistic about a pass so i can say goodbye to exams.

To ADMIN @ opentuition, I believe there are much more needed resources to include such as VAR, maybe some explanation on Tranching, Securitisation, Darkpool trading and maybe an audio (despite how brief) to address emerging issues. Your resources, however, i must commend you highly for as they have given me greater understanding.

Thanks guys!!!, I saying this as though its my last exam lol

@rajad2010 said:
Ofcourse Shishir Melde should be sent an email from every student on how horrible his exams are and that he is ugly.

lol, I never knew was ugly and horrible like his exams, and since yesterday he has become even more uglier :@

With due respect to the sentiments of all my fellow P4 students out here, I would like to share my opinion regarding the P4 June’12 exam paper, with hindsight, Q1 should have been attempted in the last hour of the exam, preference should have been given to and Q2,Q3, Q4 or Q5 first. As these were quite easy with less tricks. It was my first attempt and I don’t know whether I will succeed or not ( Hopes are high MAY ALLAH grant me success and you all), paper was unexpected as compared to all previous exams and the reason why it turned disaster is that we all were preparing hard to cope-up with Investment Appraisal,Forex, Reconstruction, a full question on BSOP and some current issue resulting in less focus on the remaining syllabus area. Nothing to blame examiner, he played out his cards. Now be positive accept what has happened and simply hope for the best.

BEST OF LUCK

What really peed me off is that most of the tuition providers and fellow students say question practice is best way to prepare for exams, but I never came across these type of questions before when i did the past exam papers! Nor did I come across them in the kaplan exam kit ( I may be wrong?). Even on ACCA website they say exam question practice is the best way in their “revise wise” section!!