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Does anyone think that the reading time should be increased? It takes forever to read questions properly,and with understanding. 15 mins is not long enough. I was probably through 3/4 of the paper only when the reading time was up. Then you have to read the questions again, as you forget what the details were!
This was my another attempt, i passed all other exams first time, but P4 is just not happening. I was pretty happy with questins at first but then got confused and wasted a lot of time trying to figure things out and look for info. I feel so depressed right now.
One last exam and i cant get it out of the way!!!!most horrible paper in my ACCA History.Pls all I need is50 and not more!This is supposed to be my last paper
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I have read about paper P4 being perhaps the toughest in the ACCA qualification scheme. I NOW KNOW IT IS! One of the toughest papers I have ever written. So time pressured! So confusing! Passed 9 papers first time so far. This is the first time in an ACCA exam that I am wondering whether I have passed …. and it is supposed to be my last paper.
All the best to you all!
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I don’t know if this is just an urban legend but I have heard if the exam paper is hard and so many people fail then they tend to push up the boundary. Does anybody know how true this is?
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This is no longer an accounting qualification… Textbooks are useless, past exams are worthless.
This is not testing knowledge, this is finding the needle in the haystack of information and applying “exam technique”, where exam technique means that you are unable to complete a problem, but you are good at inventing answers.
I’m just tired of what the examiner wants, what’s his impression on the subject, etc. Nothing like in real life on Q1.
I have better chances at winning in the lottery than passing my last ACCA exam in this style.- Topics: 0
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How is one supposed to pass that?
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<cite>@hitenrabadia said:</cite>
I don’t know if this is just an urban legend but I have heard if the exam paper is hard and so many people fail then they tend to push up the boundary. Does anybody know how true this is?I guarantee you that this will be one of thehat he lowest pass rates in the history of ACCA. And the examiner will be pleased because he will be asked by BPP, Kaplan,LSBF on how to update their textbooks. And you”l buy them (revised), spend another 10 months studying, pay another chunk of fees, re-sit only to see what how the examiner changed his mind and invented something new 🙂
Everybody wins, except YOU.
<cite>@hitenrabadia said:</cite>
I don’t know if this is just an urban legend but I have heard if the exam paper is hard and so many people fail then they tend to push up the boundary. Does anybody know how true this is?A colleague of mine used to be a team leader for a bank of exam markers
2 things he told me
1. The exams are not tested prior to the students sitting them, hence it is not known whether the exam is in fact doable in the time allocation
2. As a result of the above, if the majority of candidates have struggled, the overall pass mark is adjusted down. So you still need 50% but the overall 100% is less stringent. He never told me how that is determined
I assume he wasnt lying. He also told me some things that didnt fill me with confidence over the whole marking process, its certainly not the millitant operation the acca makes it out to be
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<cite> @maryoasis said:</cite>
most horrible paper in my ACCA History.Pls all I need is50 and not more!This is supposed to be my last paperOK! The examiner just informed me that he’ll give you 50 marks by default :).
He has only 9 wild-cards remaining.Hurry up! Limited offer ! 🙂
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<cite> @carl29 said:</cite>
A colleague of mine used to be a team leader for a bank of exam markers2 things he told me
1. The exams are not tested prior to the students sitting them, hence it is not known whether the exam is in fact doable in the time allocation
2. As a result of the above, if the majority of candidates have struggled, the overall pass mark is adjusted down. So you still need 50% but the overall 100% is less stringent. He never told me how that is determined
I assume he wasnt lying. He also told me some things that didnt fill me with confidence over the whole marking process, its certainly not the millitant operation the acca makes it out to be
It’s true. But not for ACCA.
Other qualifications take this into consideration (CFA; CIMA), but here is not the case. Anyway, if they say 38% passed, who will check them !?!
There is not a real interest in passing final exams. It’s just not profitable. Really, it’s not. See other accounting qualification pass rates.Have I done this wrong? Or was it a bit of a Eureka moment? Having studied Mr Malde’s previous papers, he can be a bit sneaky and make you think about some element of calculating the gearing. I had looked at M & M’s calculation which is on the formula sheet, literally just before sitting the exam and the Ke to i was ungeared equity – so used this to work back. Question 1 section 1
I think I messed up on other bits of question 1 but may have got that. Attempted about 90% of the paper and did Question 1 last – just hope I have got 50% as I’m with most people on this paper not lookig forward to re-sitting again.
Hey-ho P5 Thursday – good luck to everyone anyhoo
<cite>@darthvader001 said:</cite>
It’s true. But not for ACCA.
Other qualifications take this into consideration (CFA; CIMA), but here is not the case. Anyway, if they say 38% passed, who will check them !?!
There is not a real interest in passing final exams. It’s just not profitable. Really, it’s not. See other accounting qualification pass rates.Cima allow you to have your marked paper back, or at least details of where you scored marks
We learn about transparency and consistancy throughout this qual, and the acca seems to fail in both areas
Paper was toooooooooo difficult and lenghty still attemptd 80 marks needs a miracle …
This was my second attempt :'(
and I just want to pass….. Damn…. :'(….
I always work so hard for the papers… but….- Topics: 0
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This exam was… Don’t know what it was… Most definitely will have to come back in December, but the question is how to approach this subject? Past exams didn’t help much, nor did other study materials.
I DO NOT EVEN KNOW HOW TO COMMENT ON THAT EXAM….!!!!Why did i spend all those hours doing past papers??? except for currency smh its all piss sh!*…. . I estimate i got about 30 marks
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The examiner tried their best to confuse you with the stuff you been revising for so long…….argghhhhhhh
I flopped, .. As with everyone else, got stuck on ungearing hte equity and spent FAR too much time on it 🙁 .. Q2 and Q3 attempted but was so flustered after Q1 not a chance in hell I passed
I managed to answer 68 only.. i did around only 20 marks from q1.. did ok in q2&3..only Allah can help me now… is there any requirement to pass q1 separately?
JAHHHHHHHH RASTAFARIIIII….ALLAH…..FATHER ….MUMMY….ANYBODY…..EVERYBODY…. I DONT KNOW WHAT TO DO AGAIN
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i could have sworn the market risk premium was given. i didn’t use m&m’s formula, but worked ke out as being 10.6%. can anyone confirm that figure is correct (i see someone worked out 11%). cest la vie if market risk premium wasn’t given. i echo the sentiments on here in that i found the paper perhaps less technically challenging than expected, but it was a very long paper; particularly section b. best of luck in other exams everyone
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Did prepared very well but the questions were hard. Swept me off my foot. Just hope I pass
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Spent so long on part 1 of the 1st question, I was still doing it at 10.45, nothing like that has come up in the questions I have seen. I couldn’t work out which formula to use to get the cost of capital..in the end I think I realised that we needed to take the competitor’s cost of equity and degear it and that was it?? I thought it would be more long winded than that, as the question said the cost of capital was ‘based on the ungeared cost of equity’ as though there was more than one step but it just seemed to be rearranging M&M.
I had also glossed over the fact that the debt would be wiped out after the public issue……cost of capital was 12% though??
Still definite fail though, didn’t think currency hedging would come up twice in a row either.
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