How to Ace the 13 Acca Exams

A wider variety of international employment options may become available when you earn the ACCA credential. Are you looking to break into global finance? The ACCA exams are a great choice. Members of the ACCA community presently occupy prominent roles in the banking and insurance industries of 179 countries.

The association offers placement services through its specialist career portal, ACCA jobs, which features hundreds of positions at top worldwide financial firms. This post will serve as a comprehensive guide with professional tips to ensure your success on the ACC exams. As a prospective financial expert, let’s start by exploring what ACCA is and how it might benefit you.

Do You Know About ACCA?

Association of Chartered Certified Accountants is the name that is officially used. Established in 1904, this prestigious accounting business is situated in the United Kingdom and has been around for all that time.

With over five lakh enrolled students and approximately three lakh members, the organization has become a global powerhouse today. Even if you don’t have a background in finance, you can still enroll in an ACCA course and start earning your certificate at sixteen with a diploma or GED.

What are the Thirteen ACCA Exams?

Applicants must finish all three parts of the ACCA Qualification to join this as a full member. This includes the thirteen papers comprising the ACCA Exams, a module on professional ethics and skills, and the Practical Experience Requirements.

Thirteen papers comprise the coursework, split evenly between two groups: the fundamentals, which are nine modules, and the professionals, which are nine modules or four modules or papers. Every year, students can take four exam sessions and try their hand at a maximum of eight papers.

F1: Business and Technology (BT)

F2: Management Accounting (MA)

F3: Financial Accounting (FA)

F4: Corporate and Business Law (LW)

F5: Performance Management (PM)

F6: Taxation (TX)

F7: Financial Reporting (FR)

F8 : Audit and Assurance (AA)

F9: Financial Management (FM)

Compulsory Courses

P1: Strategic Business Leader (SBL)

P2: Strategic Business Reporting (SBR)

Electives or Optional Courses

P3: Advanced Financial Management (AFM)

P4: Advanced Performance Management (APM)

P5: Advanced Taxation (ATX)

Effective Ways to Ace ACCA Exam

1. Get a Head Start on Your Preparation

When taking this exam, ensure you give yourself sufficient time to study. If you want to pass it on your first attempt, you must allow yourself time to study. Similarly, rather than waiting for the results to be made public, you should begin working on the subsequent examination as soon as you have completed the previous one.

2. Develop Expert-Level Strategies

Focusing on the immutable should not be your goal. Instead, you should develop a sound study strategy using an appropriate method. There is a four-week window before the ACCA exams date in which to prepare specimens. Set up a reasonable ten minutes and make the most of it by covering all you need to. Next, observe whether it’s possible to rearrange your regular responsibilities for the future.

Revise critical ideas, practice with questions from previous exams, and learn as much as possible about the material.

3. Keep a Positive Attitude and Prioritize Your Health:

You must have faith in yourself and know you can do it. Despite setbacks, maintain your drive, optimism, and resilience. Keep your sights on the prize and imagine yourself already there, accomplishing everything you set out to do. Lastly, as you are studying for your examinations, you should prioritize taking care of yourself. It is essential to maintain a healthy lifestyle by ensuring that you receive sufficient sleep, eat well, and practice stress-reduction techniques. One must maintain a sound mental and physical state to do well in tests.

4. Sign up for a coaching course.

Using this strategy instead of figuring things out independently when you have questions will save you a ton of time. You can ensure you understand the material and are up-to-date on your tests by signing up with an ACCA-approved Partner institution. Providers of ACCA Training, like Henry Harvin, also employ ACCA-Qualified Faculty members who have extensive work experience and can assist you in understanding the material by using real-world examples.

The mission of Henry Harvin ERP Academy is to prepare both seasoned workers and recent graduates for careers in white-collar work. Using an action-based approach, both technical and non-technical abilities are honed here. These learning solutions are provided to learners through an innovative, goal-centric approach. Henry Harvin ERP Academy is on a mission to educate students from around the globe, not only in India. They provide you with online and online sessions to help you achieve this goal. Through the ACCA Course, Henry Harvin offers comprehensive training and in-depth practical knowledge of the finance industry, allowing you to enhance your skill set and connect with finance organizations all around the globe.

5. Master Test Strategies:

Knowing how to take the test is equally important as it is to see the material. Try skimming the questions first, giving each part the time it needs, and returning to difficult ones when you have more time. These are all time management techniques that can help you succeed.

Prioritize your time and energy to understand the most essential subjects fully. Focus on the most critical topics for the ACCA exams: taxation, performance management, and financial reporting.

6. Video Lessons and Books

A wealth of online content is available for ACCA, including recorded lectures covering the curriculum, various study techniques, and more. One helpful aspect of videos and books is the amount of important information they condense into little chunks.

Extensive sessions of solving issues are featured in numerous videos. Acca Books will help you grasp the fundamental ideas behind a particular subject. Time is saved, and the accounting idea of mind mapping is even easier. In addition, visual aids are known to improve memory, which means you’ll do very well on the ACCA test.

7. Complete Several Practice Tests and Mock Exams.

This recommendation follows naturally from the one before it. So, to familiarize yourself with the question style, you should solve practice and mock exams. Improving your time management abilities and identifying your weak areas are two benefits of this exercise. One more effective strategy is taking multiple-choice exams on a subject once you have finished studying it. In addition to highlighting the areas that require additional focus, this technique boosts your memory recall. Perfecting the art of solving complex accounting problems takes time and practice. To hone your abilities and get comfortable with the exam structure, solve sample exams, practice questions, and mock exams. See difficult questions as chances to learn and improve.

8. Keep Yourself Informed on Current Events:

It is essential to stay updated on the latest news, regulations, and trends in the accounting and finance profession. Supplement your study materials with real-world examples and case studies to grasp theoretical concepts better.

9. Improving Your Capacity to Respond

The main reason students get lower scores on ACCA exams is the patterns of question response. Consequently, before you answer any of the questions, read them thoroughly and comprehensively comprehend them. Think for a second like there is no silver bullet for this problem. Learning the examiner’s expected approach to answering a given question is critical. You can still do well on the ACCA exam even if you are behind schedule. You will do well on the ACCA exam if you remain calm and maintain track of your methods.

Why Should I Get ACCA Certification?

Choosing to pursue ACCA has many advantages. ACCA increases earning potential, improves financial knowledge, and opens doors to professional options worldwide.

As a result of this degree’s well-rounded skill set, which includes knowledge in accounting, finance, and management, individuals who possess this degree are in great demand in the business industry.

By obtaining your ACCA certification, you can advance to a position of authority on a global scale. According to the organization, governments, academic institutions, nations, and other significant legislative organizations across the globe seek out the expertise of the ACCA.

If you want to work in accounting for a company worldwide, getting this credential will make you more marketable to potential employers.

Wrap Up

It is now impossible to imagine a day in which individuals do not use the Internet, whether for social networking, shopping, or any other purpose. Similarly, online education has opened up opportunities for ambitious students, primarily working professionals, who want to further their education. But cannot because they are employed full-time and the costs associated with visiting traditional classrooms.

Individuals interested in advancing their careers in accounting and financial sectors take advantage of the growing number of online certification programs, such as the Several institutions that provide ACCA courses only to accomplish this goal, you can choose.

FAQs

1. What is the total number of examinations in the ACCA?

Ans: Completing the ACCA course requires completing 13 examinations, divided into three levels.

2. Out of ACCA and CA, which is more difficult?

Ans: CA may appear as a challenging alternative due to the number of papers and the time required to prepare for the exam. However, this does not imply that ACCA is simplistic or easy to complete. ACCA has a higher passing rate than CA based on the passing percentage.

3. What is the Salary of an ACCA member?

Ans: In India, the average annual salary for an ACCA is five lakhs.

4. Is the position of ACCA stressful?

Ans: It can be pretty demanding. This is contingent upon various factors, including position, the organization you are employed by, and your work habits. However, it is a genuinely challenging job, mainly if you are not passionate about your work.

5. After completing nine papers in the ACCA, am I eligible for employment?

Ans: Indeed, it is feasible. Numerous employers will hire you solely on the premise of these documents.