Audit firms are interested to hire and
retain qualified accountants. For example, Big4 firms provide support to
their employees during their study in college to obtain qualification. ACCA (The Association of
Chartered Certified Accountants) is one of the professional accounting bodies certifying accountants through exams and experience. ACCA exams test the students very rigorously and they
are not easy to pass if you are not well prepared ahead of time for it. Here
are few tips about approaching the ACCA exams that will prove to be helpful in
your preparations and to get you pass these exams.
Familiarity with Syllabus
Get yourself familiar with the
syllabus of ACCA certification. ACCA has two levels; one is the Fundamental level
that includes 9 papers from F1 to F9. And the other Level is called
Professional level that include a total of 7 papers from P1 to P7 but you will
be given a choice to attempt any two papers among P4 to P7. Choose among the
papers from P4 to P7 wisely as you may get stuck in one or two papers in the
end and it can waste your exam attempts, time and money.
Learning material
Choosing your books from which to study for the exams is a very major
step as it can determine your success or failure from the start. ACCA's new
Approved Content Providers are:
Exam Paper Analysis
After
when you have finished your course well at least once you are ready to take a
look at the exam papers. Analyzing exam papers for trends is very important as
it can give you clues about which topics to give more weightage and which
topics demand less preparation. Try to attempt the full paper in actual time
bounded exam pressure simulated scenario. This will give you a very good idea
of where you are lacking. Do you need to concentrate more on few topics or you
need to grasp the important topics well so as to finish the paper in time.
On Exam day
Sleep well before exam day is a cliché we hear from our
seniors and teachers. This is actually very important for your performance on
exam day. If you will feel relax you will perform and deliver in a much better
way. ACCA exams have 15 minutes reading time for reading the question paper.
Use this time efficiently. Plan the first question you have to answer when the
reading time is over. Also you can arrange the questions in the in the order of
difficulty during that time. Attempt the easy questions first and then go for
the difficult ones. When answering questions, understand the requirements of
the question and write only to the point answers. Remember DO NOT leave any
question unanswered of you have time remaining. There is no negative marking in
these exams and writing one or two important concepts well, even if you don’t
know the complete answer will secure you the minimum marks that will help you
to cross the minimum passing threshold for the whole paper.
After the exam
Try avoid discussing the paper if you are going to attempt another
paper in a day or two as all you have in your hands now is to get ready for the
next paper and try not to repeat the mistakes which you have committed in today’s
paper.
In the end I would share this beautiful quote with you.
The reason why most people face the future with apprehension
instead
of anticipation is because
they don't have it well designed." -- Jim Rohn.
Sources:
- http://www.accaglobal.com/gb/en/discover/about.html
- http://www.accaglobal.com/ca/en/student/your-study-options/alp-content.html
- http://www.accaglobal.com/us/en/student/exam-support-resources.html
"This group is not associated with or approved by ACCA and the views expressed on this page do not necessarily reflect the views of ACCA".
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