So let say you flung F5 then you have to sacrifice either P1 or F5.
if you choose to continue with P1, then you can take F5 next sitting with another 2 optional paper.
If you choose to take F5 instead of P1 then you need to resit P1 for next sitting with another 2 optional paper.
My advice is stick with P1 even if you did not make it for F5 since you can take optional paper P5 which is very similar with F5.
However since you have preference for both P6 & P7 then need to adjust a little bit.
What I can say is it is not safe to use fundamental papers marks as yardstick or benchmark against professional papers (especially optional).
This is what I can deduce :
F5 with P5 : Both papers are very similar hence (F5 toughest in f papers & P5 easiest in P papers)
F6 with P6 : Both are very different paper as what are tested in F6 wont be tested in P6 (very minimal if did tested). What you learn in P6 is like not add-on like P2 but something totally different since examiner felt if you choose tax as option you need to be more generalised. Hence the scope of tax will get bigger which will cover unit trust, investment holding, regional hubs,.....etc.
F8 with P7 : Both are very different again but not in terms of syllabus like tax but in the format of answering & presentation. F8 examiner stress on format rather than knowledge hence student with work experience may suffer in F8 (wide difference in theory vs practical). However student with working experience in assurance line will benefit in P7. You need to have "business sense" from P3 & good grasp on financial standards from P2. A lecturer told me student who have never worked b4 or lack general knowledge should avoid taking this paper.
F9 with P4 : F9 is subset of P4 since you need all the F9 foundations to do well in P4. F9 normally focus on 1 scenario at a time. P4 brach out those scenario into a "What if" circumstances. So student need to understand everything there is to know or they wont even know how to start. Suffice to say, avoid this paper at all cost unless you are interested in banking.
Added on June 19, 2009, 3:58 pmI have seen the examiner blog & most student are also confused with his objective.
However i can roughly deduce that he has used a very different book for reference (not BPP or Kaplan) which has sparked the uproar of many students. But you gotta admire those students since they are more interested with knowledge rather than passing. Most petition to have a lower pass rate. Anyway the examiner is in a cheery mood. Some of my classmates bombarded the survey with negative feedbacks about finance.
I was also at Daniel class too, where do you sit ?
In some extent, tiz examiner raised his book.
Of coursema, pass is critical, knowledge is less for student.Sorry, its a realistic thought...Maybe its different culture with them.
Btw, I always sit on the behind of line in the class. but till in the revision class, almost no place can sit...
I always meet Daniel hol on line recently...