[Coco]

You simply have to submit yor application along with all the relevant certificates to the Acca through their web portal and they will determine how many exemptions you are eligible for.

[Coco]

I passed 4 exams in the last June session working full time. So yes, that’s manageable.

[Coco]

Hi,

You can attempt up to 4 exams per session. No oral exams. If you are just starting now you will have plenty of time to chose your 2 optional papers. No need to worry about them for the moment.

[Coco]

Oups… Sorry for that! I saw this question in the list of latest comments while viewing a lecture and did not realised it was in the ask the tutor forum. My bad….

[Coco]

If F5 and F7 are your only options, I would personally choose F5.
Unless you are already very familiar with financial reporting, consolidation and Ifrs standards, F7 is a challenging paper.
I cleared F2, F3, F5 and F7 in June session and even though I work as an accountant in a Financial Reporting department in the banking sector, F7 proved to be the most difficult one.
I am too preparing F9 for December session and I am finding many similarities with some of the methodologies used in F2 and F5: e.g. Discounting, annuities and perpetuities, limited factors analysis…
Good luck.

[Coco]

What a relief!!! Thank you so much

@opentuition_team said:
No, it does not mean that you automatically failed.

it means you only that you SHOULD attempt them all. that’s all

[Coco]

Yep, it said legal over substance.
MCQ were fine but some of them are awful for just 2 marks… Lots of calculations… I practised so many past papers and literally all questions from the revision kit and still believe this paper was insane.

@itgel said:
Wasn’t the statement the exact opposite: Legal over substance? That is why I didn’t choose A as an answer.

[Coco]

@seagoat said:
F5 is build on F2 fundamentals – few more topics are added in terms of numbers. However at F5 level you will have to introduce some discussion, interpretation and most important application to scenario given.

With older format it was sometimes even 65% descriptive and 35% calculations. Usually balance 50/50.

However with new MCQ part I cannot give you any clue about the balance.

So wider reading, understanding will be required – so in my opinion it is better to read and learn about something that you are already familiar with (F2) than completely unrelated subject F4.

Thank you so much! I think I’ll give F5 a try then

[Coco]

@seagoat said:
F5

Thanks Seagoat. Any particular reason why you suggest F5? Do you think it is similar to F2?

[Coco]

@mikelittle said:
You may pass F7 before F2!

So long as you have entered for F2 then you are able to attempt and pass F7 and potentially fail (or not attend for) the F2 exam

Ok?

thank you so much Mr Little! Your lectures are excellent. Season’s greetings.

[Coco]

@accagood12 said:
Yes annual subscription amount also appeared on myacca. And am equally new, but my friend told me it’s for 2015 and it is paid once a year.
Thanks

Hi, thanks for answering my post. I think I will contact Acca and ask them to clarify. How long ago have you enrolled?

[Author]

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