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Hi all
I sat P5 in June 2015 and got 49% my first fail since December 2012 so was cheesed off to say the least.
I only took the one as I had planned to only take one exam per sitting for the options. I am unsure whether I should do P5 and P7 together for Xmas as I work full time so evenings and weekends are my study time. I also don’t want the same disappointment of being in the same position again in Feb 2016.
I thought maybe power work for three months on re-doing P5 and take on P7, does anyone have any useful comments from their experiences?
much appreciated
JemmaHi Jemma,
I passed P5 and P7 and must admit they are a good combination. However, I did them one after the other, not both together. They are both fairly practical exams and the study material is a lot less than P4 and P6 but exam technique is even more important. In my opinion, do one at a time. Working full time and studying in your spare time is hard enough!
How did you find the time pressure in the exam? I found it tight to say the least.
Have you thought of going on a taught course or a revision course? I studied with LSBF and they really helped get me over the line.
Wishing you the best of luck for December. I am sure you will pass.
Best wishes,
MattJemma please also remember that for P7 you also need very good knowledge of Accounting Standards. So it is like 2 and a half of a paper.
Good Luck.
Thanks Matt and Seagoat.
Yes I was very time pressured had a lot going on at home as well so was slightly distracted come the end of the revision.
I did do a revision course for P5 but I wasn’t sure how well that helped. I really just want them done now and do not want to do P5 on its own again and fail I think I would be very upset.
Seagoat when you say 2 and a half of a paper what do you mean?
Thanks
JemmaI think since P5 is a resit paper you should go ahead and do it with P7 just don’t forget to practice the P5 while focusing on the P7 paper.
Thank you Latoyah.
I have had another thought and thinking I might do P5 Dec, then study P7 just after Xmas to do in March sitting and re -do P5 if I have to. As I am also planning my wedding as well so separating the two exams maybe a better way of doing it.
What I mean is that you need to know IFRS and IAS by heart and it is quite a chunk of material to grasp – so it’s like half of P2 (without consols and cash flows).
To be honest i really didn’t study ISA (Auditing Standards) that much but shhhh… don’t tell the exmainer of P7.
I focused on IAS Accounting Standards. If you show your understanding and application of IAS to P7 marker you will highly increase your chance of passing.
To be honest If you take a look at June 2015 P7 sitting (I sat it) you would feel like on P2 exam. And this was a common comment just after this exam from students.
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