Forum Replies Created
- Posts
ds3ce I made A5 posters of each standard and posted them round the house. The earlier you start this the better. This forces you to summarise each standard (I used Kaplan books) and pull out important parts. Sticking it around the house helps for you to stare at when you’re cooking /brushing your teeth etc and for me helps me absorb it.
For Q1, just practise practise practise. I did every P&L / SOFP in the kaplan revision book. This also helps prepare you for Part A. At first one part A would take me over 2 hours with open textbook. But by the end I was doing it in required time. (1.8mins x50)
For part B make sure you can actually explain standards rather than just do calculations based on them. Unfortunately this requires a lot of memorising. Again just do as many practise questions as you can stand and you will start to pick it up. I tried to do one every day even if it was only part A or B.
I passed with 77% whilst also doing P5.
77%
over the moon. I know its annoying when people say this but I came out of it thinking i had failed. I did the UK version and clearly hadn’t revised difference between IFRS and FRS enough.Forgot to say, congrats on your exams as well btw! I am very jealous at the idea of being a full time student 🙂
So you think the “risks” involved in taking a new type of exam are enough that in my position you would rather sit P1 & P3?
rafayazhar: I apologise. I did try and post this thread about 2 weeks ago but it didn’t show as posted, I waited an hour and looked at my profile where it didn’t show so I tried to post it again, it warned me I had already posted so I waited 24 hours and looked again and still nothing. I’d copied and pasted the body of the text before posting into a word file so I just posted it again when I got chance… I didn’t realise it had actually worked or I would have just bumped my old thread to keep discussing it.
I am curious as to what you said about timing though, I want to make sure I’ve got this right.
I can’t take exams in March due to work commitments. I don’t want to take exams this September (I need a break!). My agreement with work is I get leave and study support provided I only take 4 exams per year.
So this year I have taken 2 exams already, I plan to take 2 more in December.
My understanding is I can either do:
P1 and P2 in December 2017, P3 and an option in June 2018, and my last option in December/ September 2018 ORI can do P2 and an option in December 2017 another Option in June 2018 and then the new exam in September / December next year.
Either option ends with me finishing in September/December next year and doing it the second way means one less exam and not having the worry of failing P1/P3 and having to resit before the deadline, although there are obviously concerns about being the first cohort to sit a new exam. Is this not correct? I plan on booking these exams tomorrow so I would be keen to hear if I’m wrong.
Its nice to hear that It wouldn’t be daft not to study P6. Someone i work with who has just passed her ACCA keeps advising me to take it … I almost wish I could take 3 😉
I’m not committed to staying in my current role forever, but I assume that if I ever wanted a more tax based role, I’d probably need to take further tax exams anyway wouldn’t I? Because any job I applied for I would be competing with someone else who had.
The pass rates are funny things, everytime I start a new module the tutor warns me that this is the hardest one yet etc etc and I almost feel a bit fatigued by it. Plus I have yet to fail one so that helps my confidence (I hope I haven’t jinxed myself for Monday now…)
I am quite keen to do P2 alongside an optional module, but I keep being told it would be very hard. On the other hand, with the changes in exam structure I would only be sitting my other optional module next June because the new exam wont be out until September, so if I did fail one in December resitting it in June alongside my next module wouldn’t be the end of the world.
I know P2 is changing, but my understanding is a pass in P2 will count as the same as the new exam, so I’m happy to take that in December, I just thought it would be less stress to do the new exam than take P1 and P3.
Hi Dave, I think you misunderstood my post – I was talking about options as in: p4,p5,p6,p7. The ACCA syllabus is changing so that I can either take P1,P2,P3,2 options or P2, 2 options + 1 new exam. And I would finish at the same time, so I’m choosing to take the latter option. I have to say though the more I hear about P2 the more nervous I get about it =/
Well as a company I’d wonder why candidate 2 is only part qualified. If they had only just started that’s OK,but if they had started 10 years ago you’d wonder if they had given up, weren’t capable of completing or just needed more support/ funding. Maybe from their perspective, giving someone a boost to finish might be cheaper than training someone from scratch, conversely it could be a sunk investment if they wanted someone who was capable of finishing ACCA but this person wasn’t.
Between the other 2 annoying as this answer is, it depends on the role. Some companies /roles want someone with more experience, some want them with more expertise.
In a backwards way, I think it is much easier to get a job with the big 4 if you don’t start ACCA first. They prefer to take on people who are very academically able but do not a proven background in accountancy so they can train them “their way”.
Most of the people they take on who do not have a degree are school leavers, who decide they would rather go straight into work rather than university.
I could be totally wrong though , that is just my impression working in an industry that has lots of people who did ACCA through big 4 but have since left.
I looked into it myself as a graduate but also saw the jobs advertised for school leavers. The schemes I saw they expected 3 A’s at A level and to have left school recently. There could be other schemes though.
Ooo. I’m waiting on F8 & F9.
How did you find taking 3 at once? I’ve been told I’d be daft to take P2 with anything else but I want to get them done!I am in same position. Assuming I passed F8/F9 that I took a few weeks ago *crosses fingers*
I was thinking of doing P2 and an option in December 2017.
Then another option in June and the new exam in December 2018.
I worked out it would take me the same amount of time to do it if I went the “old way” and did P1 & P3 assuming I only did 2 per setting.
Only problem is I haven’t decided which options I want and will need to decide within a couple of days of June results day!
I don’t think I’ll go for auditing, but then I can’t narrow it down past that…
Thanks Suf.
I am leaning towards strategy 2 as it means 1 less exam.
I wish I could chat to some others in the same position see what they’re doing. *hint if anyone in the same position is reading this!*
I am waiting on the last set of exam results before I book my next courses so I will do some reading and have a think on which options I should take.
So I’m right aren’t I that I could do either:
Strategy 1:
P1 & P3 in December 17
P2 and option in June 18
Option December 18Or strategy 2:
P2 and Option December 17
Option June 18
New exam December 18.I am a bit stuck on which way is best.
Less exams would be nice, but I am a bit nervous at taking a new exam format rather than one that has been around for a while. I’m wondering if it’ll make any difference CV wise? Its a shame really because if I could do the new module in June 18 it would be a no-brainier because I’d love to have them done faster!I am also a bit stuck on my options, and strategy 2 means I have to make a decision faster!
I have just taken F8/F9.
If I only take exams in December / June, assuming I pass everything first time and take 2 exams per session , am I right in thinking the earliest I could finish would be December 2018 either way? Because I either have to wait for the new exam to be available, in December 18, or I do 5 exams, which would mean 2 in December 17, 2 in June 18 and 1 in December 18?
I am not sure whether to do P1/P3 in December or just do some options/ p2.
Finishing sooner would be my preference but I’m right in thinkig it would make no difference aren’t I?
Thanks John. I am actually studying with Kaplan so attend their lectures but obviously haven’t understood all the topics thoroughly so will review your lectures too! Thanks for the help.
Hi Sally do you still want a revision book? I’ve just finished with mine.
I’m happy to send it for the cost of postage, I don’t need it anymore so no sense in keeping hold of it!
Because if you pass it on to your children who are already in their 50s/ 60s they will then die and the money gets taxed again. If your children are older and established and don’t need the money so much it might make more sense to go straight to grandkids!
I got loads of c’s too 🙂
I don’t know the percentages, but ACCA has loads and loads of students who don’t have an accounting background. I did a zoology degree which is about as far removed from accountancy as you can get!
I know F6 is supposed to be one of the harder modules. Its just so so much learning and whilst none of the concepts are particular hard, its a lot to memorise. I say this as I’m currently studying it myself.
You must have already passed F1-F3 to be studying F6, so you know you can do this. Its just a bit of a stepup.
I’m only a couple of weeks into it (taking exam in June), but I’ve found the kapln books really helpful.
If theres a topic your stuck on you can ask for help here. But I said either BPP or kaplan for exam practise is a really good idea.
Thanks for all the replies. Aniebabe as you say its a difficult question, I just wanted a ballpark figure really, so thanks iratis. Emily I am yet to start but I have been told BP are better than kaplan in terms of explaniation, which I think might be useful when self teaching. I have only studied with Kaplan so I can’t compare but far their tutors have been very good at answering my questions and their material does explain concepts very well.