Option's ACCA

Emperor1989

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.

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.

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.

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.

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!

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!

FuzzyDunlop100

Emperor1989 wrote: »

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.

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