Study Advice

Welcome to Tax and yes it is a big subject in terms of rules to be learned!

First of all (if not already done) watch the introductory lectures.

In terms of combining your OT study work with your exam kit then I would advise you to work through each chapter using the lectures and study notes and doing the assigned work at the end of each chapter and to do this for each tax before then attempting questions from your exam kit (ensure you have an up to date FA 2021 kit). At this point you should then attempt about half of the questions, learning from your mistakes. The remaining questions you can attempt during your final revision period after all the lectures and chapters have been studied.

You will find some of the multiple choice questions to be very difficult and sometimes taken from remote areas of the syllabus that may not be fully covered in your material – remember the purpose of the notes and lectures are to give you the knowledge to comfortably pass the exam – not to detail every individual point!

If you want a “text book” that covers every point in detail then purchase a study manual from one of the ACCA approved providers but use it only as a reference book not as the basis of your studies!

Practice is absolutely essential to get to grips with all the rules that exist in this subject but that practice needs to be linked to your where you are in your studies – it is why the study notes and lectures are full of examples and illustrations and why these need to be worked and understood for each tax before you dive into your exam kit!

Good luck with your studies and remember the more you study the luckier you will be.