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Option's ACCA

  • 11-06-2014 7:19pm
    #1
    Registered Users, Registered Users 2 Posts: 924 ✭✭✭


    Hi All,

    I did P5 and passed that, but I am not sure what to do for the final option?

    Can any of you give me some advice?.....i would like to do Tax but I believe it is very tough and P4 seems just as bad.

    Thanks in advance.


Comments

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


    I can only comment on my own experience, i done P5 and P7. I found the audit paper more than doable but that could be because it is what I work in (kinda!). If you felt that F8 was ok, then it might be worth considering.


  • Registered Users, Registered Users 2 Posts: 144 ✭✭FuzzyDunlop100


    At the end of the day the pass rate is very similar for all of them -so the idea that one subject is "easier" than another doesn't really stack up.

    I would pick one that you'd either find interesting, or that you have some previous experience in -basically anything to try give you an extra edge.


  • Registered Users, Registered Users 2 Posts: 67 ✭✭PartnerSeeds


    Have to agree with the above post. Pick something that matches your natural abilities and you are interested in (if possible). For example, P4 is very mathematical. Grab a few of the past papers and solutions and see what is best for you.


  • Registered Users, Registered Users 2 Posts: 144 ✭✭granniecaz


    Hi All,

    I'm in a similar situation, although depends on results. Waiting on my P2 result so if I pass I just have the two option papers to sit & going to do the two together.
    I work in industry so thinking that maybe P4 & P5 might be the right route to go down. However, more longterm, think I might want to end up working in practice. Does anyone know or think if I don't sit the option paper for tax (not worried about audit as I don't have interest in working in that field) will it go against my plans to get into working in practice?

    Any suggestions on papers or advice will be greatly appreaciated! :)


  • Registered Users, Registered Users 2 Posts: 924 ✭✭✭Emperor1989


    Still not sure which one to do, its a toss up between P4 and P7. P5 is passed and P6 i don't want to do.

    Does anyone who has sit P4 discuss the size of the sylabus?......I enjoyed P5 so I am wondering would I be more suited to p4. I have read the past papers of P4 and I think I would like it, a lot of models etc...I am just wondering how difficult these models are and the type of questions that can up.

    I am leaning to P4 but I want to ensure that the Financial parts are doable once of course you put in the required study!


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  • Registered Users, Registered Users 2 Posts: 144 ✭✭FuzzyDunlop100


    Still not sure which one to do, its a toss up between P4 and P7. P5 is passed and P6 i don't want to do.

    Does anyone who has sit P4 discuss the size of the sylabus?......I enjoyed P5 so I am wondering would I be more suited to p4. I have read the past papers of P4 and I think I would like it, a lot of models etc...I am just wondering how difficult these models are and the type of questions that can up.

    I am leaning to P4 but I want to ensure that the Financial parts are doable once of course you put in the required study!

    I did both P4 & P7

    P7: I think an auditing background is beneficial for P7 (even for dropping some nice lingo into the script), but having said that, a friend did P7 & passed it first time and he isn't from an auditing background.

    P4: For this, a financial markets background is a big help, in that situation you'll know the basics of the financial instruments, and you can then focus on doing the calculations (repetition of exam questions is key here). I think the biggest issue for P4 is the breath of the course, there's a lot in it, but the models/material are not that difficult. One caveat, Q1 is a monster, so have a good read over previous exam papers to get the gist of what's required.

    Happy to discuss further if you want to DM me.


  • Registered Users, Registered Users 2 Posts: 144 ✭✭FuzzyDunlop100


    FAO BillCullen1 -You need to delete some messages before the site will allow me to DM you directly, anyhow, here's my reply

    I can't speak to P5 or P6 as I didn't do them, but my background is in financial markets, so P4 made sense as I already had a good understanding of the financial instruments. P4 is very maths based, and you'd want to be happy using a calculator. It's a big course too, lots of material.

    I chose P7 as I had liked F8, and I thought a "reading" type paper would go well with a "maths" paper (P4) as such. I do think working in an audit background would be a huge help for P7. Go to the ACCA website & read the examiner's (Lisa Weavers) P7 technical articles, she's produced loads of them (too many, really). You'll get a good feel for the subject/what the examiner is looking for from those articles


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