How Do I Pass My ACCA Exams?
If you want to pass your ACCA exams then you'll need to work hard, study, and practice, practice, practice those mock exam questions.
I have been studying for some time and have passed 11 out of the 14 exams so I though I would share some tips on that I think will make you most effective in achieving a passing grade.
1. How Are You Going to Study?
The first step in your goal to passing your ACCA exams is you must decide on what type of studying would best suit you.
They are a few choices to go for and each has their own attributes but the most important thing is which best suit your study methods. You can choose from:
Self Study at Home
This is not for the faint hearted. If studing at home for yourself you must make sure that you have the discipline to actually follow through with doing the work. It can be quite difficult to study if you have distractions like T.V.'s, computers and phones.
However if that's your choice then do make sure that you have bought the most recent editions of the ACCA study materials. I know it can be tempting to grab a revision book for ebay for only a few pond but this could be out of date information and the accountancy rules could have changed. You get no marks in the exams for following rules that are out of date.
Class Room Study
There are a number of colleges that offer part-time and full-time ACCA training throughout the country.
The big advantages to these is the fact that in the class room setting the studying is structured and you have the help of an experienced tutor to help you with your studies. The tutors can be good at highlighting commom pitfalls and mistakes of previous students as well as handy exam day techniques.
The drawback to the classroom learning is firstly the expense. If the training is not covered by your employer then it can cost as much as £300-£500 per sitting.Awch.
Distance Learning/Online Tutoring
The third option is to pick a course that let's you view pre-recorded lectures via on online learning platform.
This option is a compromise between study at home option and classroom learning.
Firstly you get the freedom of chosing when to study and you also get the backup from the recorded lectures. Also included is the option to contact the lectures directly if you have any more questions that the online material didn't cover.
2. Make a Study Timetable
Once you have decided which method to study the next step is deciding when you are going to work.
Write down all the times you are busy up to the exams, remember and put in Grannies birthday, your dentist's appointment, sporting events,any holidays etc.
Next add in some study breaks and rest days. You'll find that your studying is more effective if you've had some rest in between.
Plan your work carefully. Try and separate it into different chapters or blocks.
At the end remember you need some time for revision as the last chapter will be far more familiar that the first one you studied.
3. Make the Most of Your Time
Although you have your study timetable in place I always carry a small notebook with a few helpful notes written that I need to remember.
This means you can always do a quick 5-10 minutes extra revision in the day when you are free.
These moments are usually when your waiting for a bus or when you've arranged to meet a friend and they're running late. You'll be amazed how all these little five minutes add up over the weeks leading up to the exam.
4. Don't Cram Leading Up to the Exam
I know it can be tempting to spend the last few days spending every waking hour in front of a text book. Don't. Just don't.
It will probably just mean that you are too tired on the day of the exam to function to your best. With all the hard work you've put in you want the exam to reflect how well you've learned your subject.
5. Leave Plenty of Time on the Exam Day
After months of hard work the last thing you want if unnecessary stress on the exam day by turning rushing to get to the exam hall.
Find out where the exam is and if needed do a trial run by the same transport you'll be using on the day. Remember if your exam is in the morning you journey may take longer because of the rush hour.
Every exam I've sat there is always someone who comes running in at the last moment covered in sweat saying they slept in or missed the bus. Don't be one of them.
I'm sure if you follow these steps you'll pass with flying colours.
Good luck in your exams