*** P4 June 2014 Exam was.. Instant Poll and comments ***

Workout-Today, Don’t Wait for the Result…………..Everyone is one’s own Judge…..

I myself judged that if we are unsure about our chances of success in the exam, we should not be sad and don’t put the books away from our table right after completion of the exam…We can continue daily dose of single chapter as we have fresh knowledge got recently. If we wait the result, we would do the double loss…Firstly, waiting until result, takes 2 months that we waste, and if the result comes negative, we have to start right from the beginning(A-Z approach) and create pressure on. This strategy would work out……do it right now….will enjoy…as i have implemented and get successful all the time…….

I think overall the difficulty of the paper was not too bad, what I do have a problem with is timing.

I was told that we are not expected to be able to finish this paper, which means that say we are only meant to finish 90% that that means we have to get an average mark of 55% rather than 50%. We get told over and over again that it’s about exam technique but your exam technique can not be that bad to pass 13 papers on the way to P4! I didn’t have anywhere near the same issues with other papers including Corporate Reporting and Advanced Tax, I think maybe this examiner just lives a little bit in his own world.

Looking back I should of started with the B section first and then the written section of A and finally the calculations at the start. I over ran by a long time on section A and so struggled finishing my last section B question. I think that if I have to do this exam again, this will be my strategy!!

I used to be quite proud of my ACCA studies but this final paper (which I have repeated 3 times) is making me feel like ACCA is nothing more than a means to end, I don’t really care about them anymore.

All I want is my practising certificate so I don’t have to work for someone else:) (and get away from ACCA’s super restrictive practices).

Yanga Iri batai Munhu maone. The paper was hard

https://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/p4/exampapers/P4-2014-june-q.pdf

I have too got a negative APV in Q2. The NPV (disc. at all equity rate) I’ve got -4.9m, tax shield was +1.4m, subsidy +1.7m, issue costs -700k.

It was my third attempt, still can’t understand what’s wrong, of course if it wasn’t the last exam I would give up. The most important is attitude to acca, it changed completely after P4, before It was positive and etc. but now everything doesn’t have any sense, only to go every time to see how someone is making fool of you. For example I understood today morning that I can’t do it physically and that’s all, what to do next I don’t know

@nati if you mean you couldn’t complete the paper by “physically not being able to do”, then pretty much no one is cuz very few people completed the paper.

in q3 how you ppl calculated dep b’s value ?
discounting using WACC or using APV technique ? coz i learnt dat if company xposed to financial risk (as it is, being an unlisted company) value is calculated using APV
although i didnt use APV ! but after reviewing ppr now i feel i have made a mistake

Is modified duration included in any of study texts? I have prepared from Kaplan and Emile Woolf and didn’t come across it or did I miss something?

I made a mistake a in duration calculation in cashflow I only take intertest amount and not equal installment amount but my approach was right so can i get some marks or not?

@little yes I think you might get a few.

Hi Lackside! I am confident you will pass by what ever mark. Just looking at your brief analysis of each question. You were absolutely spot on. I also believe you ,managed to complete the paper within the exam time because you can summaries and I like your selection of words. Good Luck! and all the best to everyone else.