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P4 vs P5

  • 28-06-2013 1:23pm
    #1
    Robin132
    Registered Users, Registered Users 2 Posts: 210 ✭✭


    I will be sitting one of these in December, I just need to figure out which one. Anyone any advice on which to choose or content etc. thanks


Comments

  • #2
    paulers06
    Registered Users, Registered Users 2 Posts: 548 ✭✭✭paulers06


    Don't do P4. Devil subject


  • #3
    thefa
    Registered Users, Registered Users 2 Posts: 1,055 ✭✭✭thefa


    Passed P5 first time. Probably failed P4 earlier this month. I work in a business where P5 is more applicable which obviously helped. Both are tough exams mainly because they are very time constrained, P4 a bit more in my opinion.

    You should consider have you practical experience that may help in whichever one you go for. Also consider the content and whether you think you have an aptitude for it. It could also make a difference if you have done the lower F level in recent times for either. I was exempt from them so this wouldn't count.

    P4 has a lot of computation, definitely more than 50% of your paper will be calculations. More complex calculations in general than P5 but some are very methodical after practice. Theory parts are mainly interpretation of calculations with some fairly specific questions thrown in for 5-8 marks at the end of certain questions. There can be a theory question as an option question on some papers. Topics include; Investment Appraisal, Hedging Risk, Dividend Policy

    P5 has more budgeting, costing style calculations and non perfromance indicators. Easier calculations in my opinion. P5 requires more theory answers, maybe 70/30 or 60/40 theory to calculations.


  • #4
    Robin132
    Registered Users, Registered Users 2 Posts: 210 ✭✭Robin132


    Thanks for the replies. I work in auditing so I dont really have any experience for either P4 or P5 and I just want to try make sure I pass them first time round. I'm really torn between which one to do! Though I am leaning towards P5 I think


  • #5
    siobhangall
    Registered Users, Registered Users 2 Posts: 1 ✭siobhangall


    I'm considering my options at the moment and was wondering if anyone knows any good P5 lecturers in Dublin. I haven't heard great things about Mel in Independent Colleges.

    I also read that there is some overlap between P5 and P3. Is it therefore beneficial to sit these together? I am looking at doing P3 and my options in December and thought it would be good to have some overlap between the topics. I'm torn between P4 and P5 or P4 and P7.

    Any advice on lecturers or whether P5 is a good choice would be appreciated :)


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