Are you a budding accountant who is looking to complete the ACCA qualification?
If yes, it is extremely crucial that you know how to prepare for the exam. Enlisting the support of a study partner goes a long way in helping you. Here are some tips to help you prepare.
Use the ACCA Study Guide
The study guide provided by ACCA is the most reliable and authentic source of information. To know more about schedules, rules and protocols pertaining to the exam you should most certainly refer to the study guide. The examiners who prepare the question paper refer to this guide making it the most important communication channel for all ACCA students.
A study from Official Text Books
ACCA recommends official Textbooks with aim of providing precise information to students. These books are curated and specifically selected for their relevance in the real world. It is crucial that students study from these books. In addition to these books, the student should also use study materials provided by approved partners. These partners have years of experience in helping students qualify for ACCA and will be invaluable sources of knowledge.
Know the Question Types
In the ACCA Computer Based Exam (CBE), questions are of multiple formats. A student needs to know the different types of questions and practice them. The different types of questions are:
- True and False Questions
- Multiple Choice Questions
- Multiple Response Matching Questions
- Number Entry Questions
- Subjective Questions
Prepare for all Question Types
One common mistake that students commit while preparing for the ACCA exam is that they prepare for objective questions alone. While objective questions are indeed crucial for the examination, the focus should also be paid to answering long format subjective questions. Such questions help students get a holistic perspective of concepts and help them apply the skills they have learned in different ways and combinations. Ensuring that narrative questions are well prepared for also helps students apply the same concepts to objective questions.
Plan Your Exam Time Properly
Ensure that you practice and solve problems within the set time frame. Do not spend too much time on one question during practice and develop the fast-thinking skills to help you answer questions quickly.
Some Additional Tips:
- Practice question papers from previous sessions. It is very likely that question patterns will remain the same.
- While independent preparation is possible, try to join a study partner. You will not only get expert mentoring, but will also get to meet others who are on the same journey. This will help you feel motivated.
- Start early and plan ahead. The journey is tough, but the exam can be surmounted. Preparation and focus are the key to acing this exam.
The ACCA is a coveted qualification and clearing the examination may not be very simple. However, with a combination of the right attitude, preparation, study material, and mentorship, you can clear the examinations with flying colors and successfully practice your profession.
All the very best.