Hello Sir,
I know P5 is a very different subject and probably the most tricky one in an exam context. The requirement of the questions are sometimes the most important element to understand in correctly approaching towards a reasonable answer.
I am preparing to write this paper for Dec16 exam session and I have started with a BPP Revision kit. I work 12 hours a day five days a week in a non accountancy role and I find it little helpful to learn theories for an exams from a study text I find it little helpful or useful especially for passing an exam but still I always buy one.
This way of approaching towards ACCA exams has always helped and revision kit is the only book I refer to for an ACCA exam session.
I can also appreciate the fact the way P5 examiner approach this subject and set the scenario and then requirements of a questions so I think preparing from an revision kit (and of course in conjunction with opentution lectures notes and ACCA technical articles) will offer me best chance to secure a pass and referring to study texts only occasionally for certain issues.
Could you please advice me on my approach and as a background to be very straight with you sir my experience to date is to never fail in an ACCA exam I have just resumed with ACCA studies after a gap of 8 years and and started with writing P1 I could only manage to write on the 70% of the marks available but was still awarded with passing marks and just recently wrote P3 in Sep 2016. I also never ever prepare for more than one subject for a single exam session throught my CAT and ACCA studies.
Your advice will be worth a million dollars to me and I truly appreciate your time and efforts in teaching and answering our questions on this forum and I also know it might not be a correct forum to ask this type of question.
Thank you.
Ask the Tutor ACCA APM
P5 Advice needed
P5 contains relatively little new technical material (economic value added, predicting company failure, and non-financial performance measures are the nain areas).
It is very important to learn from doing questions- as you seem to do. Turn to the text book, OT notes and lectures when you need to to either understand a theory or technique or to gently expand your knowledge.
Thanks for your reply sir truly appreciate this.
And yes I use the past questions exactly the same way as you have advised and then filling the gaps in knowledge areas through referring back to a study text and your lectures. And your technical articles on ACCA website is also a unique treasure for me in filling those knowledge gaps.
Thanks. Best regards
Dear Ken,
Do you have a list of topics that have been deleted from the syllabus , which we should be aware of especially when we use old kits in revising?
Beyond budgeting and performance prism are no longer there.
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