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Hi,
So I graduated back in 2009 in Accounting in Finance and gained the maximum exemptions (9) – I attempted the Advance Financial Reporting in June 2010, but due to personal circumstances I was unable to pass or even concentrate on my studies, as well as working full time, hence I failed the exam and due to all sorts of reasons I never retuned back to ACCA.
I have been working since last couple of years and I have worked for well know companies like Unilever – but at this stage my experience has reached at a level where I am unable to find the right job and to match my experience I needs to be a qualified Accountant, and it has always been on the back of my mind that I wants to go back and complete the qualification, as I always knew that I wont be able to reach pass a certain level without the qualification.
Hence, I wants to give it a try if any how I am able to do this after such a long gap, with health issues which has badly affected my memory 🙁 … as I got 9 exemptions and ACCA syllabus has now changed I have 4 professional papers left to complete. But with nearly zero knowledge of the fundamental level papers, I am unsure where to start and how to attempt the professional level papers.
I wants to attempt the SBR paper first, I feel I should first study the whole syllabus of FR before studying the SBR – but I am scared and unsure how it would work or helpful it will be or where should I exactly start and how much time should I give myself to attempt the SBR paper?
would March sitting give me a sufficient time to prepare?
Has anyone else been in a similar situation and can share their experience, on how to deal with it?
Welcome back to ACCA studies! It’s definitely a good idea to start with a revision of FR because that has the underpinning/assumed knowledge of SBR. But you can be selective in where you spend your time rather than “study the whole syllabus”.
Download the FR syllabus from here https://www.accaglobal.com/gb/en/student/exam-support-resources/fundamentals-exams-study-resources/f7/syllabus-study-guide.html
Read section 10. The syllabus (one page) – put a tick against the topics you think you have a reasonably grasp of – and a cross against anything you have never come across (ignore section E because that is just about sitting CBEs). (You could do this exercise with 11. Detailed study guide but that would take longer.)
Now go to the practice platform https://www.accaglobal.com/uk/en/student/exam-support-resources/fundamentals-exams-study-resources/f7/cbe-question-practice.html Select an FR exam – maybe the Specimen. Attempt Sections A and B – try doing each section to time (i.e. in less than an hour). You can mark and get feedback without attempting Section C. Compare your performance with your preliminary assessment of what you know and don’t know.
Now you can use FR resources – e.g. ours https://opentuition.com/acca/fr – to plug any significant gaps. You don’t have to spend too long on this – it should be a “warm up” exercise.
Once you decide to start on SBR, you should always be prepared to refer back to FR to cover matters that are assumed knowledge.
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