If you’re in the field of accounting and finance, obtaining the Association of Certified Chartered Accountants (ACCA) qualification should be on your list of priorities.
ACCA certification courses let you learn about international accounting and auditing standards, making it easier for you to qualify for jobs anywhere in the world. When you pass the ACCA exams, you gain an internationally recognized qualification that can help you move up the career ladder.
You can also enjoy higher earning potential and access to more networking opportunities for possible coaching and mentorship.
Passing the ACCA Exams
Obtaining the ACCA qualification entails passing a maximum of 13 exams. You also have to show evidence of at least three years of practical work experience within a relevant role and complete an Ethics and Professional Skills module.
Although you should focus on completing all three to achieve your ACCA qualification, passing the exams may take up a lot of your time and effort. After all, you need to pass several tests across different modules and levels.
Even though you can take the exams several times, you don’t want to waste the time, effort, and money you put into preparing for and taking them. Drawing from our years of experience as one of the trusted ACCA course providers in Dubai, we’ve gathered the top ACCA exam tips to help you ace a test on your first try:
1. Find a reputable ACCA course provider.
Enrolling in an ACCA course is a great way to increase your chances of passing the test on your first try.
Look for providers with required licenses, permits and accreditations to conduct learning programs. Read their online reviews to ensure they provide high-standard, up-to-date, and comprehensive prep courses.
Once you have a list of reputable providers, get details about their programs, learning modes, and ACCA fees. Ask about the qualifications of their tutors as well.
A good study program will help you learn the key topics the exam will cover. They’ll also provide plenty of practice tests that will help you prepare for the test.
Phoenix FT is one of the trusted providers of ACCA study and exam preparation courses in Dubai. With our qualified tutors, excellent track record, and pass guarantee, we will help you pass any ACCA test.
We offer comprehensive study programs for all ACCA papers. You can choose from our different packages ranging from Silver, our online learning option, to Platinum, which is a combination of face-to-face and online learning.
You can continue taking our training course until you pass the test without any extra fee.
2. Plan your studies early.
Ideally, you should give yourself six to nine months to prepare for the ACCA exam schedule. But whether you have this time or not, create a realistic study plan as soon as you can.
Break down your study plan into manageable sections, allocate enough time for each topic and include time for revision and practice exams.
Ensure your learning and revision classes fit into your daily timetable, especially if you’re working or studying. Doing so will help you avoid scheduling conflicts and problems and reduce your stress.
3. Understand the exam structure.
As you work on your study plan, familiarize yourself with the ACCA’s format and test structure. Read about the ACCA exam list, the number of papers, the length of each test, and the types of questions.
Make sure you also know the passing criteria for each module and the important topics that appear frequently.
Your provider of ACCA training courses can provide detailed explanations of these elements so that you can have a clear understanding of the exams.
4. Use only quality study materials from trusted sources.
When self-studying, use only materials provided by your learning or exam prep provider. If you choose us as your training center, we’ll give you complete notes and a branded exam kit.
Our trainers can also recommend trusted websites with updated information and materials you can use for your additional research.
Go to ACCA’s website if you need additional resources.
5. Use mnemonic devices.
Mnemonic devices help boost your ability to recall and retain information. They let you create information shortcuts in your mind so that you can pull up details quickly.
Some mnemonic devices you can use for the ACCA qualification tests are:
- Acronyms – create words using the first letter of a group of words or names to remember them easily.
- Chunking – break down long, complex information into smaller pieces to make it easier to memorize them.
- Association – link new information with something you already know to remember them faster.
You can also use visual aids to remember important formulas, theories, and frameworks, especially if you’re preparing for the ACCA Advanced Taxation exam.
6. Understand everything you’re learning.
Memorizing can help you remember important information. However, it can take longer to remember certain details if you don’t understand them.
As such, avoid simply memorizing the things you learn from your ACCA subjects without understanding their fundamental concepts. Think about how you can connect and apply theoretical concepts to real-world scenarios to remember them better.
This tip is valuable if you’ll take the ACCA corporate and business law exam.
This approach can help you get higher scores on your exams and apply them in your work as an accounting or finance professional.
7. Practice with past exam papers.
Your exam preparation provider will give you plenty of practice tests that simulate the actual ACCA exam. Make the most of them to familiarize yourself with the format and question types.
These mock tests are also the perfect opportunities to practice your time management techniques and strategies.
Use past exam papers from your review provider or reputable online sources if you want to take practice tests at home, which is one of the best ACCA self-study tips to remember. Stick to the established test duration so you can get used to the testing conditions.
Wherever you take the practice exam, review your paper after checking it. Know the correct answers to the questions you answered incorrectly and understand why you made these mistakes.
Ask your tutor to explain anything you don’t understand or if you need additional information.
8. Learn effective test-taking strategies.
Some tried-and-tested exam-taking strategies can increase your chances of high ACCA test scores.
Examples of these are:
- Reading and understanding all instructions thoroughly.
- Structuring your answers well, especially for written questions that require explanations.
- Avoiding putting excessive details on short questions.
9. Manage your time well during practice and the actual tests.
Proper time management skills can help you ace your ACCA exams. Start by learning how to divide your time across the different sections.
Remember to use the rule of one minute per mark and set a time limit for each question. Practice skipping questions you don’t know the answers to and forget about answering them in order.
Also, review your answers if you finish early, refine your answers, or return to any unanswered questions.
10. Stay healthy.
Although studying for the exam will take up plenty of your time, you still need to look after yourself. This means getting plenty of quality sleep, eating healthy meals, and exercising regularly.
Take frequent breaks during your study periods to avoid burning out and maintain your focus.
Reward yourself from time to time as well, especially if you really worked hard during a particular week or got a high score on a practice test.
Regardless of which exam you plan on taking, remember these tips to increase your chances of passing it on your first try.
Contact us to get more details about our ACCA courses and lifetime pass guarantee.
