Whoa finally came back from P4 exam.
After discussing with friends it seems this paper is very hard, way harder than all the past sitting I think.

Qs 1 (28 marks)
Question starts on investment appraisal (favourite topic of all lower level finance student due to simplicity & straight forwardness)
A) 14m : Do NPV which is straightforward but start backward like corporate tax which starts from net profit.
Qs is ok but i'm not sure about the post tax cashflow. I regrossed the CF then add the stuffs. Another way is straight do then regrossed total. Not sure which. Then ask sensitivity analysis, no time just simply do the theory.

B) Ask discounted payback & duration phase : quite straightforward
C) Comment on acceptability of project based on existing 3 technic. Then comment on other technics. I simply gave IRR, MIRR & VAR.

Review : Should be ok & none of my friends mentioned about this qs yet.

Qs 2 (32 marks)
This is the bombshell since its core.
A) Start asking about selling off assets to do repay debt with 2 option : net reinvestment in NCA & shares buyback.
I just simply redo the entire F/S but a bit confused on the shares buyback since its not enough to purchase all & buyback at MV & there is no premium to highlight it.

B) WACC of both option : I think can do but not sure which is which (change in credit rating , gearing affect beta, coupon rate vs mkt interest)
C) Comment on the 2 option viability : average

Qs 3) Forex currency swap.
A) I really don't know how to present final answer but I got all the workings
B) Comment on adv & disadv of the swap. Quite ok can still bluff.

Qs 4) Memo
Quite ok since its pretty straightforward on bribery, insider trading, negligence & some law problem on patents.

Qs 5) More like P5 stuff since it ask priority of investment based on NPV & IRR. Then calculate interest rate. Never do this one. I spend 5 minute there whether to do Qs 3 or Qs 5 since both also clueless

Special note : They release more than 3 articles for P4 & none was even mentioned in finance but in tax they test all the articles they released.
Overall the question asked is very different from all the previous sittting so the difficulty part is quite subjective to different lecturers. Some lecturers always said the question is easy to scare students or to gloat, while others will always said the question is hard so student take nothing for granted.

Finally finished all paper now just wait for result, good luck with the rest of you guys.
Last note : Finance is the most difficult paper in all acca I have ever  attempted & even if you ask other lecturers they will said so too. So becareful when choose this paper for optional if you want to pass but its deadly useful if you wish to enter banking one day.

ACCA have 3 major parts & only by passing them all you will have a full cert to be called acca affiliate.
You can take MBA with ACCA & no people will care how many proffesional qualification you have.
The most important is to PAY THE MEMBERSHIP FEES then everything its ok with respective body.

Finish you marketing degree first b4 considering jumping around. There is possibility while doing acca or MBA you encountered other interest than hop to another programme then you are forever stuck with no qualifications.