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Friends,
could you please give me a piece of advice, what is better to take – P4 or P7?
I see that the pass rates are similar (about 33%). So both exams are expected to be difficult.
If you have sat both papers, please tell me which of these two was easier and why.Hi springtime,
I have not sat for any of the subjects you have mentioned but I have chosen both as my options
At this stage I am strongly convinced that the decision must be driven by our carrier path rather than which one is simple. Both are tough but comparing the past pass rates it appears that P7 is slightly challenging. You have come this far and really I don’t see the reason why you must dread any of your remaining subjects.
Maybe, share with me the carrier you would want to take after completing ACCA then I can share more advice.
Thanks
Hi Yando,
Well, I think career is not important here.
I want to know which of these two papers is easier because I want to become ACCA-member as quickly as possible.
The quicker I become a member the quicker I will get more time to devote to other things including career.
Preparation for exams takes me a lot of time.
If, for example, I`m more interested in financial accounting and my job is not concerned with audit but I know that P7 is much easier than P4, I will take P7 paper. But I can study the materials of P4 for myself, not for the purpose of exams when there is time-presser and stress.
It`s just my opinion, you may disagree with me.The question remains open. Any piece of advice will be appriciated 🙂
Hi Springtime,
Sorry I meant career and not carrier (my bad)!!!
Yea its a matter of opinion on the career thing. The reason I said career is what should drive the decision is because for example if you want to do an MBA in Finance or Msc in Finance after ACCA, you will get exemptions if you did P4.
That being the case, In my opinion, I would advise you to do the paper whose foundation paper (F8 & F9) you got the highest marks or the one that you understood the most or the one that gave you the most motivation(I think you could also look at it from that way). Somehow I have heard most people saying that P7 is challenging, but I think it is easier than P4. If your question had included P6, then I would have recommended P6 because it has a better pass rate as compared to the 2. I have heard many people who want to graduate ACCA quickly taking P6 (even those outside the UK).
All the best in your studies.
Dear Yando,
Many thanks for your piece of advice.
You said about taking P6 – frankly speaking I have not thought about this option. The matter is that the tax legislation of my country is not examined by ACCA, unfortunately. More than that in the nearest future my job will not be concerned with the legislation of any foreign country.
But you are right to say that the pass rates are much higher in P6.
I think I will try to find out the opinions of the students who sat P6, studying the tax legislation of other countries.Thanks! I really appreciate your advice!
Hi Springtime,
You are welcome.
The case in your country on Tax papers is the same as mine. Even if the UK tax is not relevant in your country, for the purpose of completing your ACCA you can still do it. I must assume that you already did the tax relevant to your country hence being awarded F6. When I look at the syllabus for P6 and that of the advanced tax paper which I wrote in my country inorder to be awarded F6, I honestly do not see much of a difference and this gives me the motivation that I can do P6 without much challenges. It looks much more like if I took P6, I will kind of be repeating most of the same things I did in our local advanced tax paper.
Yes find out more about the P6 option, might just be a better choice.
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