Acca P5

tommyombomb

Anyone got any tips for the exam tomorrow or anything you think is not coming up.

I have covered
EVA
Transfer pricing
CSFs + KPIs
Performance prism
Bal scorecard
IRR, RI etc
Six sigma
General frameworks
Risk
Corp failure

Thinking of ignoring
Building blocks
TQM

Kinda stressed

SBWife

I took it in December and the way it's structured it felt like everything came up. I passed but it was by the narrowest of margins, my advise would be to keep your head during the exam and concentrate on answering exactly what's being asked, and make sure to focus on the professional marks also, if it's marked as strictly as it was in December these will be the difference between a pass an a repeat for many.

tommyombomb

SBWife wrote: »

I took it in December and the way it's structured it felt like everything came up. I passed but it was by the narrowest of margins, my advise would be to keep your head during the exam and concentrate on answering exactly what's being asked, and make sure to focus on the professional marks also, if it's marked as strictly as it was in December these will be the difference between a pass an a repeat for many.

A weird subject. When doing it during the year I thought this is going to be an easy pass but since studying the last couple of weeks I realised the quantity is ridiculous.

Think I will approach it like P3 and just relax and watch a bit of tele now, get to bed early and be fresh as i think it is possible to pick up 30% from being fresh/common sense and the rest with technical knowledge.

LKIRBY

Hi, I failed P5 in December. Its my last one, so I am eager to get it out of the way, I'm thinking of doing lectures but have already done these so thinking of a new approach that might be more benefical.. ie grinds. Given that this subject is mainly theory I was thinking of someone who would be able to give me feedback on sample questions etc. Does anyone know if any of the lectures would do this on the side? Any suggestions welcome

Kaka86

Hi


Im sitting p5 for the first time...and looling for advice re lecturers in Dublin please

macpac26

I did P5 with Mick Bristow in Independent Colleges i found him to be excellent.

P5 is all about application of the theory more so than in any other ACCA exam I found. Theres quite a bit of P3 in it and its not an advanced F5 like people think it is. Only certain areas of F5 may be asked (NPV, IRR, Minimax Regret etc). You have to be able to answer exactly what they ask you or you get zero. Its why the pass rates have been so low.

I passed first time in December and my advice would be get cracking on exam technique from the beginning. Answer what youre asked and only that. You dont need to write pages and pages, the solutions are fairly short as well from ACCA.

Best of luck.

Kaka86

Macpac26 thanks for advice...ye think ill go with mick. I enjoyed p3 so.fingers crossed. :-)

shaydy

Kaka86 wrote: »

Macpac26 thanks for advice...ye think ill go with mick. I enjoyed p3 so.fingers crossed. :-)

Michael Barry is excellent also, he's at Independent too. I found he hit the right mix with exam prep, it's a tricky paper the pass rate speaks for itself.

Lectures alone won't pass it for you, a lot of home work is needed

Kaka86

Whats the story with the pass rate for P%... 30% ? sounds like really interesting subject... but I'm now terrified:eek:

podger456

Most of the option papers have about a one in three pass rate on average I think, but the pass rates on a course will be much higher, I recall our lecturer saying over 60% for his class.

Tauriel

When I did P5 in December our lecturer told us that the Irish pass rates are much higher at about 50% for P5. The reason being is that not many countries actually run classes for this paper. I think ACCA released an article on this a few months ago explaining why the pass rates are so dismal.

AntoinBreathnac

I passed P5 in last session but had previously sat and failed it at an earlier session.

At the earlier session I gave what I thought were prize winning answers to the scenarios outlined , and in one of them I had been at the negotiations of the firm with a VC for introducing the product to the EU market. etc.

I was really surprised when instead of getting 80%+ I got about 35%. Reason is that they want the expected conventional answers to questions, not answers that might arise in real life negotiation.

Next time I concentrated on giving teh answers they wanted nroken down into easily marked packets - and it worked!