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I have only managed to do a couple of exams (F1 and F3) and failed F2 with 45% back at end of July. I worked so hard for it like 2-3 months full time and still failed it somehow. I wonder if its worth doing all the ACCA exams, spending a huge amount of time and money on it, and then there’s still no guarantees of anything right? I have a few years finance experience across AP and AR etc
Hi,
From my experience nothing in life is guaranteed, but you stand more of a chance if you have the right qualifications.
I have been a sales Ledger supervisor for the last 15 years with also experience of doing statutory accounts. About three years ago I tried for a more senior position with in the company I was at but was turned down. They gave it to someone who although had similar experience they were also ACCA qualified. So at that time I had a look at the job market to see what qualifications were needed for the position that I was aiming for. The majority wanted either PQ or Qualified ACCA/CIMA. I therefore embarked on my ACCA journey and am now in my final year. For me it has not been easy as I find exams extremely difficult and normally end up passing on my third attempt! But slowly and surely I am getting there.
I agree there is no guarantee of a better job at the end, but the knowledge I have gained a long the way has helped me become a better accountant.
So my personal advice is take a look at the current job market and see what is needed for the type of job you want in the future. Experience is highly valued as I have recruited a number of assistants over the years, but if they are studying or have a qualification they have an advantage.
Hope that helps.
Hi Cathy, fair enough, yeah I guess, have you manage to find a different role or are you still doing sales ledger? Im the same, I find the exams very difficult and got 45% in F3, I did an Economics degree but still find it difficult, I have just turned 34 so not fresh out of uni, how old are you if you don;t mind me asking?
Hi, Sadly I got made redundant recently due to the covid 19 situation. I worked in the theatre industry so as you can image there are not many positions in that area at the moment. I have however been approached by a few companies (not in the same field) on LinkedIn mainly for Financial Accountant positions, which is a step up for me, but I have decided however to concentrate on my studies and try to get my exams finished by the end of next year.
In answer to you question although I was still working in SL I did get opportunities to also do additional work for example some budgeting and to take on full statutary accounts which also meant working with the auditors from planning to sign off for one of their smaller charities. I loved this aspect of my job and gave me more confidence. I feel if I had not embarked on the ACCA journey I may not have had the opportunity.
I didn’t get a degree, but did the AAT and became a member back in 1999. Going back to studying after all that time for me was difficult but felt it was worth it and had to start from the beginning again.
I am now 47 years old but really wish I had started it earlier as it has been a hard journey for me so far. There were times like yourself after failing an exam wandered if I should carry on with it and for me the answer was yes, I now only have three papers left to take and can see the end in sight.
All the best of luck with what ever you decide.
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