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Hi ninska – there is no way I could wake up at 4.30am, even if I went to bed with the kids! Thats amazing, wish I could do it but I’m definitely no morning person haha.
Hi Marky123 – Thanks for this, having spoken to my tutor now who also says the same, that ACCA is from scratch and I’ll remember things from AAT as I go along, I’m not as worried as I was, as I work for local governement I dont get involved in a lot of what I learned at AAT but I’m hoping its all still in there somewhere (altho a second child may now have killed a few more brain cells!! haha) … I didnt do taxation at AAT either so this will all be new to me … can only but try 🙂 when i figure out how to fit in the studying!;) … I had considered doing the first 3 papaers but it just seems silly when I get the exemptions anyway.Hi again,
My exemptions (as I understand it from conversations with ACCA) still enable me to be classed as chartered when I complete the qualification, but if I ever wanted to set up in practice as a Chartered Accountant I would have to forfeit my exemptions and take exams F1, 2 & 3.
As I have no plans to do this I will be happy just qualifying! 🙂 But who knows – at the end of it I will see how I feel – If it only means another session of exams it may be worthwhile forfeiting! – Surely if I can at that stage pass F4 to 9 and the dreaded P’s then surely I can pass the Introductory stage…..!!! lolIf your AAT qualification is recent then you really have no need to sit the exams – you still get full benefit as if you had sat the exams. Mine was just because it was over 10yrs ago that I qualified.
My biggest regret now is not carrying on straight after AAT – but you know how it is, 20 year old guy back then, beer, cars, girls lol – much more fun than studying ACCA!!
Best of luck anyway
Hi,
I thought I’d reply to this since it was informative when I was trying to decide whether to do an ACCA or not.
I learn with BPP. For each exam, they do 3-4 ‘days’ of lectures (a day equals 6 hours), after which I write up the lectures, which usually takes another 4 hours, so that’s about 40 hours to complete a course. This 40 hours is spread over a month usually. Then between the course ending and the exam I complete the practice question kit BPP provide, which is something like 2500 minutes, which is another 40 hours. Then I do some mock exams, BPPs online tests, and rote learning of formula etc, so add some more on there.
I do an exam every 3 months, which equates to 2 months ‘on’ and one month ‘off’ (to relax) i.e. 1 month for the course, 1 month for revision, 1 month wait until the next course beings.
Broken across the whole 2 months it probably adds up to about 2 hours a day. Which would be 14 hours a week.
It is a lot of work, but if you are determined it can be done. I’ve completed F1-F8, and I’m due to take my F9 exam in two weeks. I find the weeks before the exam to be really intense. I’ve always done it exam by exam (one exam a quarter), I cannot understand for the life of me how people sit two exams at once, my brain would explode. But people do!
Thanks
Luke
Thanks a lot Luke for sharing this! Surely is helpful!
Its a good strategy to give 3 months solely to 1 paper… It gives better space for focus, preparation and eases down the pressure, though some would find it to be a bit boring to do just 1 paper per sitting.
Im totally not in the favour of doing more than 1 paper per sitting(too much pressure!).
But there are those I know who give 3 papers in one sitting (I will NOT recommend that honestly! )We should avail all the 4 sittings efficiently. In order to secure a better pass and avoid re-sits.
This is something i have learnt. I did F1, F2 and F3 together in the same sitting… And it was crazy! Thank God I passed in all of them!
So now I have started doing 1 paper per sitting. But with a different strategy.
There are some papers which I know i will need more than 3 months like F6 and F8.So for F6 what i did was i started preparing for it from the day I started F5.
I slowly prepared for F6 with F5.
Gave F5 in June ’18 and will give F6 in September’ 18 (next week)This gave me about 6 months for F6.
I know for many this might be too much… But i know myself… I needed more time for the concepts of f6 to feed in my head!
I will do the same for F7 and F8.
F7 in December and F8 in March but will start of preparing ‘slowly’ for F8 along with F7.
( i will need to give more time for F8 since its a theory paper)And you rightly mentioned Luke, the weeks before the exams are really intense. For me it’s always like, “Too Much to do, Too much to get done with but too little time in hand.” The panic mode automatically switches on… Which should not so.
Hope this helps any one who reads this.
@marky123 said:
@pinkfizz82<br />
Hi there.<br />
I qualified my AAT back in 1994 (Yes 1994!! lol) but ACCA still granted me a conditional exemption.<br />
I know its not really a comparison since I completed AAT such a long time ago and it will have changed dramatically now – but I found ACCA to be completely new. My hardest paper so far was F5 Performance Management – I would say I could remember about 10% of this from AAT days!!<br />
I think my biggest advantage is that I have worked in Audit and Accounts Practice since 1991 so have kept up to date with modern accounting that way.<br />
I basically started each subject from scratch. The paper I found easiest so far was
Taxation due to my workplace knowledge.<br />
I would guess that AAT is now very similar to ACCA F1, F2 & F3.AAT is fresh start accounting. It just takes a basic knowledge of accounting to attempt the AAT exam. ACCA is the toughest one and it for accountants looking for career progression.
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