Success In ACCA Exam

images (19)Here the tips to pass the exam of ACCa. it easy if you learn and effort about it.

1. Planning: Before you start to prepare for your next ACCA exams, take some time out to decide how you plan to prepare yourself for the examinations. Do not wait until the results of your previous examinations have arrived since by then you would have already wasted two precious months of the exam session.

When planning, consider for example the exams that you intend to undertake, the amount of time you have to prepare for the exams, your expected work routine, family commitments and so on. Try to draft a timetable based on the number of expected days you have for each paper you intend to appear in the ACCA examination.

When forming your own timetable try to be flexible and realistic. The most important thing however is to actually draft one since a written plan is more likely to secure your commitment and motivation early in the exam session than one that only exists in you mind.

2. Familiarity with Syllabus and Structure: Studying the syllabus of ACCA exams would help you to focus on just the examinable topics. Syllabus guide also details the depth at which a certain topic is examinable by referring to the ‘intellectual level’ of a particular topic. Guidance about intellectual levels referred to in the syllabus and how to use them can be found in the following article from Student Accountant:

http://www2.accaglobal.com/students/student_accountant/archive/2007/72/3256683

It is essential that you cover the entire range of topics given in the syllabus. You should also try to familiarize yourself with the exam structure early in the preparation.

3.Examiner’s Approach Interview: Examiner’s Approach Interviews available at ACCA Website give you first-hand insight into what examiners are looking for in answers provided by a student, which syllabus areas they consider to be most important and how they intend to approach the examinations in the future. They are therefore a must read for anyone intending to perform well in the ACCA exams.

Examiner Approach Interviews may be accessed from the following link:

http://www2.accaglobal.com/learningproviders/tuition_provider/interviews/

4. ACCA Approved Study Texts: You may wish to consult notes provided by your tuition providers or friends but you must always study at least one of ACCA’s approved study texts (latest versions) to be on the safe side. The approved study texts are thoroughly reviewed by ACCA for coverage of the entire syllabus and also for any revision incorporated after changes in the syllabus. Therefore, you will be taking a huge risk by relying solely on exam notes which may not be as comprehensive or up to date as the text books.

Studying Phase

5. Objective Oriented Approach: Try to set achievable targets for each day. The targets you set should be focused on factors that will actually help you to succeed in ACCA exams (e.g. to cover a chapter or syllabus area in one day, to attempt a past paper, etc). Setting targets based on for example number of hours may not be as effective.

6. Concepts: Always try to understand the underlying concepts behind a given topic. While you may be able to earn some marks for pure knowledge (particularly in the Knowledge Module), most number of marks in ACCA exams are for application of your concepts in a given scenario. Building your concepts right from the beginning in your ACCA studies will help you further down the road as you build upon those foundations in the more advanced papers.

7. Seek Help: If you are struggling with a particular topic, do not be embarrassed in asking your teacher or a friend to help you. Get help immediately and avoid letting things to pile up until it is too late.

Practicing Phase

8. Past Papers Practice: Extensive past paper practice under exam conditions is essential to improve time management, concept building and stress management during the exam. Nothing hurts your chances to pass more than unanswered questions because of lack of time. Always time your practice questions and although it might be very tempting, never peek at the answers before you have finished! Simulating exam conditions during past paper practice will not only help you in keeping track of time during the exam, it will also assist you in managing stress.

ACCA students are extremely lucky to have Model Answers to past paper questions from the examiners themselves. It is very helpful and vital resource for students as it provides them insight into how an answer may be ideally structured and drafted.

However, care must be taken when studying the suggested answers. Firstly, the answers may only reflect the syllabus, laws and standards in place at the time of the respective examination. Exam kits from ACCA approved publishers may be more appropriate for practice of subjects that are constantly evolving such as Financial Reporting and Taxation. Secondly, do not waste time memorizing chunks of the model answers since they have been provided for the purpose of guidance only. Examiner cannot possibly expect a student to produce an answer of such caliber and depth under exam conditions. However, you should try to learn the general content, logic, flow, style and structure of the model answers and try to reproduce those qualities in exam.

9. Examiner Reports: Examiner Reports are published on ACCA Global Website after every exam sitting highlighting the common mistakes and problem areas encountered by students. It is surprising how few students actually make use of this resource. A careful read of the examiner reports could assist you a lot in improving your exam technique especially in case you have been stuck with a paper for quite some time now and have not been able to figure out the cause of failure yet (or have been attributing it to bad luck!).

10. Marking Schemes: Marking schemes can help you in judging the number of distinct points that you need to mention in respect of a given question and the depth of your answer. Studying marking scheme when practicing past paper questions can assist you in understanding the relative marking for different types of question requirements. A typical marking scheme for example would allocate one mark per point for a basic question requirement such as ‘list’, ‘identify’ or ‘define’. More than one mark per point is usually reserved for question requirements that require students to demonstrate a higher capability such as ‘explain’, ‘compare’, ‘distinguish’, ‘analyze’ and so on. An awareness of the likely basis of how your answer will be marked by the examiner can guide you in writing the right number of points in your answers and in appropriate detail instead of focusing on just one or two main points. So for example, if a 10 mark question asks you to ‘list’ certain factors, it would be safe to assume that a brief list of ten, short and punchy, points can secure most marks on offer. If however a question requires you to ‘explain’, it would be better to provide five points with a bit more detail.

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