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Hi All,
I am currently studying for my last F exam: audit and assurance. Am I allowed to take in the same exam session a professional exam or would I need to wait until I have passed Audit and Assurance?
Thanks in advance.
@namati said:
Hi All,I am currently studying for my last F exam: audit and assurance. Am I allowed to take in the same exam session a professional exam or would I need to wait until I have passed Audit and Assurance?
Thanks in advance.
Hi @namati,
Yes you can provided that the professional paper is not AAA (P7) 🙂
Please find more info in the following link
https://www.accaglobal.com/russia/en/student/exam-entry-and-administration/enter-an-exam/exam-progression-rules.htmlHope this helps.
Thanks @jetavi. What happens if I don’t pass audit but pass SBL for example?
If you passed SBL but not audit you’d just need to resit Audit before/at the same time as your next exam.
@namati said:
Thanks @jetavi. What happens if I don’t pass audit but pass SBL for example?As @beth33 has rightly mentioned you will need to resit AA before or with another Professional paper.
You can’t move on to the next level before completing the previous one. The exam planner won’t allow you to.
On the side note, provided that you have not already started your preparation for SBL, I will not recommend you to take SBL as the first paper. It is a case study paper and doing as your last ACCA paper would help you to draw knowledge from all the other papers, aiding you in securing a good pass. Hence, it is be see t recommended to keep at the end.
Hope this clears it.
Thanks Jetavi. How time extensive is studying for AFM compared to FM? Let’s assume that I am a decent test-taker (all first passes) and that i passed FM with a 66% on 50 hours of studying. Is it safe to assume that I should be comfortable to pass on 85-90 hours of proper studying?
I know this is a very subjective question and there is no right answer, but I just need a bench-mark to plan my studies.
@namati said:
I know this is a very subjective question and there is no right answer, but I just need a bench-mark to plan my studies.
Yup, it’s a subjective one 😐
As per ACCA the recommended time is 16 weeks.
However, to give you an idea, extensive amount of syllabus is coming from FM (excluding Working Capital).
There are new areas that are introduced in AFM (like Restructuring – for others you can refer to the Syllabus of AFM) which are core topics and their understanding is crucial for the pass.Though you can’t be an expert in all the topics, you will need to be good enough in them in terms of understanding. Can’t leave any topic as being the weaker one because you never know the examiner may end up giving an entire 50mark question on that same topic!
All that said, AFM is a major step up from FM in terms of the demand of the paper. After all it is a Strategic Professional Level Paper.
And in order to meet these demands understanding and knowledge is not enough. Exam standard question practice (alot of it!) is necessary.
So you will have to keep a good portion of time of your study plan for question practice.
This is an extremely time pressured exam, examiner himself has mentioned this so you can imagine the importance of time management here.
I’m putting some links below that should be of your help and should give an idea of how much time you need to dedicate to this paper.
https://www.accaglobal.com/lk/en/student/exam-support-resources/professional-exams-study-resources/p4/self-study-guides.html#I can’t really give an exact number of hours because it’s not about just quantity here, it is also about quality. You need to make sure you utilise time in the best way possible. Don’t only study hard, study smart too!
Make sure to use the resources provided by ACCA on their website.
Keep yourself updated with Financial news by reading articles, journals etc. That time of studying through textbooks is far gone. Now you need to develop skills that will help you apply your knowledge in an actual business scenario. Rote learning will not help!If you are planning to give this in March’20, let me be straight it is going to be a tough one. Strategic Level papers like AFM require time because they are really challenging.
If you have any further questions about this, feel free to post it. Would be happy to help.
@jetavi, @johnmoffat I’m planning on sitting 3 papers in march, AFM, AAA and SBL of which SBL is a resit
I feel confident taking on three papers as I’m a full time student, and have a structured allocation of time for each subject,
I’m not concerned about AAA as I feel I’ve half prepared for it inadvertently as I sat SBR in January, and I’m getting through the questions in the kit no problem
SBL again not worried due to the fact I merely need to work on my exam technique (points creation etc, so just practicing case studies all the way)
I’m only concerned about AFM, as I’m practicing the kit, and the questions especially the 50mark case studies seem very tricky, a very structured analytical ‘top down’ approach is required,
I’m hoping once i’m through all the questions (about 45) in the kaplan revision plan, it’ll get easier when I do revisit, I’m scheduled to sit a mock on 21st (2 weeks before) and then plan on doing another 40 questions (a case study+2 25mk questions/day) to the run up to the exam
I hope ive made sense, is there anything you can suggest to help me ace this exam? any gaps i might need plugging?
regards
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