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Not to mention… i definitely did all of the open tuition lectures, notes and revision lectures of p5. And the relevant ones of F5 as well.
@cpboon & @busbycat you no longer time out of ACCA, the rules have been changed in the last 6 months to make the qualification more fair to those that start at the beginning.
You now have 7 years to pass P papers, the time starts from the 1st P paper you pass, so anything you achieve up to F9 is technically ‘safe’.
this is from the ACCA website
“Under the new rules a seven year time limit will be introduced at the Professional level. Therefore, there are no time limits for passing the Foundation level exams as part of Foundations in Accountancy or for taking exams F1-F9 at the Fundamentals level of the ACCA Qualification. However, we do strongly recommend students take exams on a regular basis as this increases the chances of success.
Students will have seven years to pass the exams at Professional level (P1, P2 and P3 and two of the options paper P4-P7). If a student does not pass all the Professional level exams within seven years, they will lose any passes that were achieved more than seven years ago and will need to retake. The seven year time limit starts when a student passes their first Professional level exam.”
@bhumika I feel the same, my last exam, it was my second sitting of P5, with my other exams I come out reasonably confident I know roughly what sort of mark I will get, have passed the others mostly in first sitting, but P5 is different. I am considering changing to P4 because I just cannot imagine ever coming out of P5 feeling confident even though I have done loads of practice questions, know all of the material etc
As far as I understand in Q3 (a) it was requested to evaluate the impact of stakeholders analysis (influense, power and risk) ONTO improving of performance management. – YOU don’t understand? Read it again, maybe ten times. I still can’t understand what I should have evaluated.
Waiting for report from examinator with recommendations to answer the question asked.Time pressure was awful.
i agree about complaining! the acca people should see this forum. I personally feel that there is nothing more one can do than i did for this exam.
I read the entire Bpp book, did the entire Becker e-book, read all the technical articles, did all the bpp exam kit questions! and serveral of becker question bank. I did 2 mocks under timed conditions(one the acca study school one) by writing out entire answers, i have never usually had too much time pressure problems in the past. Here i tried my best to finish it in time, but couldn’t. I was left devastated and depressed in the end. The only way to finish this was if it was either a 75 mark paper(just a section A question and one section B question) or if we just wrote low quality generic answers. No way on earth could you write high quality answers for all of them.
I have obviously failed multiple times before including scores of 48 and 49. How unfair is it to fail someone on 49? What is the difference between a student who gets 49 and one who gets 50? I even fear that students who actually get 50 or above, they just make them go to 49 just so they have to appear again. Arghhh.I think personally that not the paper has some problem,the examiner has some issues.P5 passmark is everytime low.If you are given a syllabus and you know it well then you got to pass it.I have heard that syllabus covers only 30% of the knowledge..so the 70% knowledge is in the nature.Where?Any exact location.Do we have a complete syllabus??? We need to bring this to the attention of ACCA.I highly believe we must do a petition to make the current examiner out.As said above by a fren we cannot be so stupid and dull…passing so much papers and stuck wiz P5The examiner must be questioned..may be he is the problem and not the P5 exam paper.Friends think about it.
For stakeholder question, if you didnt relate it to the performance prism model, you probably got it all wrong and the answer you delivered would probably fit a p3 question. You guys got 3 pms model in 1 paper lol.. there should have been a balance scorecard to complete the lot..
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History of pass rates, P5 has by far the lowest pass rate, not only the lowest but in cases 5 or 6% below the next level. ACCA is not CIMA,
Dec-15 Lowest 7th 6 % from 6th
Sep-15 2nd Lowest 6th 6 % from 5th
Jun-15 Lowest 7th 6% from 6th
Dec-14 Lowest 7th 3% from 6th
Jun-14 Lowest 7th 6% from 6th
Dec-13 Lowest 7th 3% from 6th
Jun-13 Joint Lowest 7th 3% from 5th
Dec-12 Joint 2nd Lowest 6th 11% from 5th
Jun-12 2nd Lowest 6th@icedawn does the performance prism link in to risk appetite though, that’s the bit I wasn’t sure about, the performance prism discusses considering stakeholder satisfaction and capabilities but not so much risk? It was also confusing that it mentions stakeholder interest which seems more mendelows matrix so I used points from the prism (stakeholder satisfaction and strategy) but used matrix more. F••k knows what the examiner wants!
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So much information for a 25 Mark question
I agree with what everyone is saying about Q1. I think it was very unfair and unclear what he wanted you to do. For this reason I am going to put in a complaint to the ACCA as it is not giving students a fair chance to show him what they know, if they are expected to mind read what he wants.
I urge other students to do the same as moaning on here isn’t likely to get any changes, but if more than one student expresses their views via a complaint, ACCA are more likely to re-look at the exam.
Extremely time pressured, especially Q1, spent 2 hours on that!. The questions were in riddles, but once you unravelled them they were clear, again takes reading the question about 10 times.
Part A, you just had to explain how the Performance Pyramid links together, not explain what it is.
Part B, redo 3 out of 4 ratios and make comments about how good they are and how bad they are.
Part C, ABB calc, I didn’t even bother with this, was 6 marks.
Part D, Incremental Budgets Vs ABB … and why changing system could be difficult. Also how the company would go from a budget constrained environment (concerned about costs) to Responsibility accounting.
Many things can be said about P5 but I won’t make huge post about – most of the things have already been said if not here then other posts.
Guys I know what you feel. I agree that some of the requirements are cryptic and need to spend time to decipher. Some scenarios at first glance look awesome and easy but then they get really cranky and you feel dumb because you just don’t know how to answer.
P5 is so cranky that what I could say it was the easiest (yes the easiest) and the hardest paper to pass at the same time!
How on earth does someone answer this paper in 3h15!!?
I took time in reading, analysing and understanding the content…
It left me too little time to answer.Disappointed.
Hi Guys,
I feel your pain. I sat P5 4times, marginal fail apart from Dec 2015 when the next room was playing disco so I failed really badly. I parked P5 and did P6 yesterday. I of course do not know if I pass or fail but I do not think so I will ever go back to sit P5. I will probably attempt P4 after P6. I think the problem with P5 is that you can study 3 months and still fail as the requirements are twisted and time pressure is incredible. I probably wont ever be in those 28% of people who pass.
ACCA does not care as I complained about disco last Dec and nothing was done. No compensation, no apology. I think we have two options, one to keep going and we eventually pass or switch to another paper but P5 is not an easy paper just because somebody there makes it impossible to pass, I think quite deliberately. I am not asking to make P5 easy but fair.
Good luck to everyoneSame here!!!! i went into this exam with so so much knowledge and it floored me!! Question 1 was a nightmare and it went downhill from there, i never have a problem with time management, have always finished my exams with time to spare, but this one….! I still praying!
faye…yeah i know it was 5bucks per unit demand over production scrappage… but the poster before me was stating that they took out variable costs on that amount of units above the produced figure… so i commented that i think that would be double counting the variable costs for scrapped items…
rst… i get you now… yes..; i think you are right, but partly… it would mean to take out the ‘contribution’ plus 5buck scrap cost for overproduced items and not the variable cost plus 5bucks…
icedawn is right… the stakeholder question was a funny one, saying advice how this stuff could help performance management, and it is effectively covered by the Performance Prism;
Stakeholder Satisfaction and Contribution leading into Strategies, Processes and Capabilities..; hahaha…
how easy is that ??!!i answered it like a P3 question in the end, and i will be lucky to get about 5 or 6 od the 15 (?) marks 🙁
i still hope that i passed the overall exam… here’s hoping 🙂I enquiries about complaining and about a questionnaire or a poll for feedback for P5 from students and this was the respone :
‘ACCA students have the opportunity to provide feedback in the Student Survey that is expected to be issued week commencing 21/03/2016.’
I suggest everyone who knows anyone doing P5 to fill it perhaps then they might take notice and suggest sitting another paper!!!
I filled the survey the ACCA sent me today about the exam. I wrote them that we pay for the exam the same amount (or increased with inflation) as earlier, still we won’t get all exam solution. From the fact that earlier we could read all exam solution, this means that the ACCA service level has decreased a lot. Why we pay the same amount?
If You agree, and will You write the letter of complaint, pl. put into it this fact.
Regards,
teknoc
i am not so sure that complaining will do much…
because it is quite clear that there are some tricks in the P5 exam, in terms of the questions… but that they all effectively relate to P5…Q1 and Q2 were rather clear, although i have never done nor seen an Activity-Based Budget, at least not with the info that was provided… so i went thru and pushed it to an activity-based absorption rate level, after using the % given to just redo the old budget…
i recall on a video one of the ACCA people saying that the P5 exam is actually easy, and that you just have to work out what the question is asking you….Q4 i never did, but Q3 i did, and i didnt figure out the confusion in the part A… it was simply relating to Performance Prism… so it seems… and if one gets that trick, then the question is rather easy…
i also did not subtract contribution for overproduced units, but i possibly picked the maximax and minimax correctly based on the incorrect numbers…i am hoping that my answers in Q1 and Q2 push me through my poor performance in Q3…
i think that the big trick with P5 is that you have to first work out what the question is asking, and to what exactly you are relating it to… because if you are confused or if you get it wrong, then you will not get the relevant marks 🙁
if i have to repeat P5 again then i have no problem, because I understand all the concepts and can relate to scenario…
but must do it on the day of the exam 🙂teknoc….
you are right about the exam answers transparency…for ACCA they should be showing us all what being transparent means and looks like 🙂
@helloraj said:
I think personally that not the paper has some problem,the examiner has some issues.P5 passmark is everytime low.If you are given a syllabus and you know it well then you got to pass it.I have heard that syllabus covers only 30% of the knowledge..so the 70% knowledge is in the nature.Where?Any exact location.Do we have a complete syllabus??? We need to bring this to the attention of ACCA.I highly believe we must do a petition to make the current examiner out.As said above by a fren we cannot be so stupid and dull…passing so much papers and stuck wiz P5The examiner must be questioned..may be he is the problem and not the P5 exam paper.Friends think about it.I totally agree with You! sitting paper 2nd time! and every time when I open the question paper during the exam i have to spend time to understand what is going on and what he wants me to write. Still so much to write in limited time.
Everyone complains here, and no one organizes petition! Come on…people, if we have native speaker here, lets try to make ACCA to consider the reason of so low pass rates for P5. It is unreasonable, since the paper is not so complicated. ACCA just considers us “cash cows”
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