Should the ACCA hold exams every 3 months?

Here are the results of the Instant Poll, and breakdown of 15 top countries

ACCA Survey results

Comments

  1. avatar says

    One things for sho”. I have sacrificed my personal life, many trips overseas, drinking sessions, hot women, freakinn television, bad eye-sight, long hours spent alone, long hours of intense crazy studying. It’s like this self belief in ACCA is getting outta hand. What do they do in return for us? Increase the membership and fee by 2 pounds every month, stopped sending the student accountant magazines, miserable just plainly miserable. But whatever it is

    “the legend continues folks”

  2. avatar says

    Yes, exams every 3 months make perfect sense, especially for working students. ACCA asked this question few years back but no action until now. What happens is that in the busiest time of the year (plan, year end) we can’t get almost any time off but rather have a lot of overtime in order to finalize all tasks. All the efforts to allocate time fail as simply there is no time left! For the same reason I had to skip very many June sittings. December doesn’t impact me but am sure it works same way for the working students where YE is December end. It is strange that ACCA offers June session indeed and I am fully supportive of more frequent sittings options.

  3. Profile photo of jeile says

    Absolutely Yes. ACCA should consider (and I am certain they currently ARE):

    1. increment the number of sittings in a year: A sitting every three months would be very appropriate, particularly for WORKING accountants. We judt do not have the time, and we are asked to do more professional training outside ACCA by our employer, so time is becoming less and less available. This will allow us to take an exam at every sitting and being able to satisfy our employers too.

    2. ‘Computerise’ the sittings: I do not have any statistics, but I wonder how many times people have been failed due to their handwritting being difficult to read? – I am sorry, but we no longer handwrite. We type. ACCA MUST move with times and allow this in due course.

    I am in complete agreement with Darcha22. It is unbelievbable that our accounting body takes us (working accountants) away from our employers right in the middle of critical month end. I find it quite strange. They should have more consideration for the full-time employed. Not sure what percentage of ACCA students are full-time students and how many are employed full-time. Any informed statistics welcome.

    As for resits. I agree people should be allowed to take them while the knowledge is still fresh. At the end of the day, and without offending the powers that be, these exams are majorly fictional. Very few of us will ever be exposed to the full extent of the ‘Skill’ papers. I mean, seriously: I live in London (which economy is based on services – not only financial)… when will I find myself pondering whether I should be reporting Mix & Yield, material, labour variances? – Answer is never…. (Yes F5, you!). There is too much emphasis placed on manufacturing when britain stopped being a manufacturing powerhouse in the 60s. This should be taken into account.

    We all want to be top-tier accountants, and we ALL put the effort in – I doubt anyone who has picked up an ACCA book can be called a slacker – but as working busy people, and a lot of us no longer in our 20s, we need to be given a proper opportunity to qualify.

    Cheers

    JL

  4. avatar says

    Here’s another thought

    Exam dates should be outside of the first week of the month, as accountants we have a thing called month end when exams are going on, puts unnecessary pressure on students. If I want to sit 3 exams at Christmas I need to go to exams and then work late that night to get month end done.
    Baffles me that the exam dates are still around month end……
    Middle of the month would make more sense for people that work

      • avatar says

        I agree too, the ACCA hasn’t considered the impact the exams have on their students, who work full time and have month end to complete. Hopefully the ACCA will consider our requests

  5. avatar says

    This would be brilliant. Less stress for me to be honest
    Would be great for those who work full time.
    I would sit an exam every 3 months, it’s such a great idea

    Hopefully it will happen from jan next year

  6. avatar says

    I think 3 times a year is much better, 6 months is too long to wait between exams, with 3 months coming round too quick, ACCA seem to be obsessed with going from 2 exams a year to 4 without ever asking students if 3 sittings a year would satisfy everyone, All 4 times a year is going to do is to reduce quality and increase ACCA exam costs and who do you think is going to end up paying these additional costs ?

    • avatar says

      Thumper, your augment of the costs increasing doesn’t make sense. They already have everything in place, we pay an exam fee, per exam we write, therefore it will be the individuals choice if they wish to write more or less exams a year.
      The rules of supply and demand, would dictate the market. There is the demand for more exam sittings per year, over 80% of the people (in the UK) who voted in the graph about wanted to have additional exam sittings per year.

    • avatar says

      I am currently petitioning the ACCA, have phoned them today and referred them to this discussion site and have sent the link on this webpage to their Facebook page. If you want them to change their current exam sitting schedule, it would be good if allot of us wanting this change phone them and write on their Facebook page.

      Someone said it would cost more money to have additional exam dates, I disagree we already pay per exam sitting, so why would the costs increase?

  7. avatar says

    Yes, ACCA should offer exams every three months and not just for people that have failed an exam. I personally would like to write an exam every three months, that way I wont need to stress about working full-time, spending time with my family and trying to co-ordinate enough time in the day to study two separate modules.
    When we were in school studying or if you are studying full time, you have more time on your hands and therefore it is less stressful.
    Starting the momentum of studying and then just stopping is annoying too, having to start and break habits.
    Dont think the ACCA are viewing us as people with lives. We live in a society where health matters, and stress is one of the biggest causes of ill health.

  8. avatar says

    Exams 4 times a year gives candidates more flexiblity. Retakers who are sitting 1 or 2 papers are likely to welcome this. Candidates sitting for the 1st time could do it after 9 mths instead of 3 if they need more time for preparation.
    However, there are going to be cost increases which all ACCA related parties particular students will need to pay for. This will be in subscriptions and exam fees. Are you willing to pay for this increased flexibility?
    I think not so don’t hope for this to happen in the short term. There is no free meal in this business world.

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