by ACCA student blogger Naresh John
Hey everyone. Exams are over now and the time has come again for us to be deciding which modules we will pursue for the upcoming sitting. Having completed the compulsory papers in the Professional Level (P1, P2 & P3), I am now faced with the dilemma of choosing my two options papers. As many of you may know, this is not an easy task and is a decision that requires a lot of thought and analysis as it can determine your career path.
Therefore, I took several factors into consideration whilst making this decision:
1. Pass rates of papers - As students we are often interested in trends of examination results over the years since we use pass rates as a measure of how difficult an examination can be. Whilst this may hold some merit, it should not be a critical factor; due to the fact that the pass rates listed are based on the worldwide results rather than country and therefore may vary from country to country. Also, an examiner may be changed and as such the examination may differ to the norm so the pass rate for that given paper may be different.
2. Previous performance in related fundamental papers – This should act as a gauge as to how you would do in the advanced, Professional papers. Additionally, both the knowledge and examination techniques that are being brought forward would give you a head start.
3. The combination of options - After researching the individual options papers, I have come to the conclusion that P4 and P6 are technical papers, while P5 and P7 are papers that rely greatly on application of topics. As such, depending on the time an individual has to devote to their studies and depending on whether or not you would attempt both papers in the same sitting; it would be advisable to pursue a mix of these papers so it would not be too stressful on you.
4. Career path – Most importantly, these options should be chosen carefully as they will influence your career direction. Consequently, choose the papers related to the area of accounting and finance that you would like to get into.
I hope this brief analysis helps anyone who is currently facing this situation as well as future students.Till my next blog post…take care everyone.
Blog Editor’s comment: Do you need more help in picking your Professional Level option papers? Find out more about making the best options choices.