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How To Ace The Professional Accountancy Exams!
How to Ace the Professional Accountancy exams!
Date : 16/09/2016
Author Information
Uploaded by : Kieran
Uploaded on : 16/09/2016
Subject : Accounting
#145I know someone with a First from Cambridge
who failed all the first stage exams and got sacked Apparently, each
module has the same amount of content as a degree If you fail an exam 4
times you are barred from ever becoming a chartered accountant Anybody thinking about becoming a professional accountant
will have heard the horror stories about how tough and time consuming the exams
are. It is understandable how students, often from a non-financial background,
can become overwhelmed when they are faced with a 500 page textbook full of
numbers, formulas and accounting standards, only then to then be told, this is
just the first exam . But as with any significant task in life, breaking it
down into manageable chucks, getting the right support and developing effective
techniques is the key to success. I speak from experience. Having trained at a
Big Four firm, I passed the ACA first time and won prizes for 7 of the 13 exams
I sat, including the highest mark in the world for the final Case Study exam. Am
I genius? Far from it. Am I am workaholic? Not really, actually if truth be
told I m actually quite lazy. The secret behind it all is effectiveness . Working full time and studying means time is at a premium,
so you need to study effectively
i.e. learn as much exam crucial content in as short a time as possible. Exams
are incredibly time pressured so you need to answer effectively i.e. write as many mark scoring points is as short a
time as possible. In fact, you even need to read the questions effectively, i.e. identify exactly what
the examiner wants in as little time as possible. So what this boils down to is the fact that you need to
learn the most examinable parts of each syllabus and have an exam strategy for
demonstrating that knowledge as quickly as possible. This firstly requires a
rigorous analysis of the syllabus, past exam papers and examiners comments to
identify which technical areas study time should be prioritised. Secondly, and
more crucially, it requires the creation of exam techniques to enable you to
score as many marks as quickly as possible. Fortunately for the new generation
of professional accountants, I have already done all the past paper analysis
and exam methodology development and the effectiveness of my techniques has not
only been proven by the prizes I have won personally, but also by the marks of
the students I teach. Through the use of condensed and concentrated technical
learning, exam technique improvement, proforma drilling and shortcuts and tips,
I have taken students who have failed multiple times to achieve upper quartile
grades within a matter of weeks, and remarkably none of my students have failed
under my guidance. The underpinning philosophy is that every student has a
unique way of learning and struggles with different aspects and this is what
the large scale in a class mass tuition providers fail to account for. Whilst
some students can battle through the qualification on their own, others find having
a tutor dedicated to them and their needs is priceless. Having an expert
structure your tuition in a way to develop your weaknesses, teaching in a
manner tailored to how you respond best, adapting your individual writing style
and improving your personal learning techniques are just a few of the benefits.
So whether it is just one exam, one stage or the entire qualification that you
require guidance for, the guidance of those who have been there, done and got
the prizes can be useful source of support through this notoriously tricky
journey.
This resource was uploaded by: Kieran