Here are some suggestions how to prepare for Paper P5: Paper P5 does assume knowledge from Paper F5.
That said you should choose your options i.
As an example I currently work in audit so had to take P7 which is also a very nice paper by the wayand P4 as I hope in the future I will be working with DCF methods. I disagree with Elia-shar-ek with a few points: June 14 paper I did, Q1 Part 5 ii I think wanted you to talk about agency costs.
Although that is in the syllabus it is very tiny. In my case it was for both reasons. As I said for the options paper you need to be thinking to a little extent what you want to be doing in the future. If you want to move into tax at some point for example, you may actually want to consider P6 instead.
To highlight this, I have thrown away all my notes except for P2 main accounting exam duh, lolP4 what I want to do in the future and P7 what I do nowand kept F6 tax — just in case for reference in the future. Most of management accounting to an extent still revolves around basic debits and credits, and creating budgets.
August 10, at 7: I can speak on behalf of P5 — the overall feel of the outcome of the P5 syllabus is more of a consultant mindset.
Some examples Culture — how the decision making is made and what type of behvaiour does the company encourage.
Setting targets and then evaluating why targets might not have been met OR how to meet those targets. A very good paper and very words based with minimal calculations. Which I took 3 times, it really strengthened my report writing and business evaluation. Something I will use for the result of my life.
In short P5 is more of an extension of P3, as P5 builds on the analysis of P3 and then you have to provide recommendations on how to rectify certain scenarios.
August 11, at I would take p4 if you are more of the calculations person. July 9, at 7: Author Viewing 17 posts - 1 through 17 of 17 total You must be logged in to reply to this topic.ACCA Course Syllabus Outlining the content and the procedure of examining it, the course syllabus of ACCA provides candidates with various opportunities to master the different sections of finance and auditing.
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