The one issue that unites all college students across the world is the pressure of upcoming checks.
It’s unavoidable. As the exam day receives nearer, the panic kicks in. It doesn’t be counted if you are 12 or 20 years old.
“If simplest there was some manner to head back in time and prepare better,” is something almost all students mutter underneath their breaths while they are rapidly pouring over textbooks and papers only some minutes earlier than they write their papers.
If you’re an ACCA pupil, or approximately to come to be one, that time to start making ready is now. This is the instant when you set a right have a look at schedule, organise yourself and start running methodologically.
The ACCA tests are rigorous for a cause. If you bypass, you turn out to be a globally acclaimed accountant and may observe for pinnacle jobs in a number of the sector’s quality financial corporations.
The board has ensured most effective the deserving students get this honour. If you want to be one among them, you need to placed inside the work.
To help you on your observe adventure, here is the whole lot you need to understand approximately the ACCA assessments. Give your self enough time and commitment, set your desires and you’ll be sailing through the assessments with flying colorings.
About the ACCA path
The ACCA application gives one of the best accounting qualifications worldwide. There are 3 tiers and 13 topics to clean earlier than you are formally declared an ACCA-licensed accountant.
All students have to complete three additives of the ACCA certification if they need to come to be members of this prestigious enterprise.
These additives are:
- The ACCA Exams
- The Ethics and Professional Skills module
- The Practical Experience Requirement
In this blog, we shall explore the first element, the ACCA exams.
List Of ACCA subjects:
| Applied Knowledge Level | Applied Skills Level | Strategic Professional Level |
| Business and Technology | Corporate and Business Law | Strategic Business Leader |
| Financial Accounting | Financial Reporting | Strategic Business Reporting |
| Management Accounting | Performance Management | Advanced Performance Management |
| Financial Management | Advanced Financial Management | |
| Audit and Assurance | Advanced Audit & Assurance | |
| Taxation | Advanced Taxation |
What you ought to recognize approximately the ACCA tests
By now, you need to have found out in case you qualify for any exemptions in the ACCA checks. Students who keep professional qualifications together with a CA or MBA can look up the ACC ACCA Exam structure
All ACCA tests are laptop-based totally or CBEs, so that you can take the assessments wherever you’re. The tests are break up into ranges. The first one is the fundamental level, which includes the know-how and implemented abilties modules. There are a complete variety of nine papers right here.
The second stage is the expert which has the remaining 4 papers.
On-demand CBEs
On-demand CBEs are flexible and can be taken any time of the year at your convenience. You get the results without delay after you end your exam and inside seventy two hours, the rankings may be revealed for your ACCA account. All three implemented information papers are given on call for — Accountant in Business, Management Accounting and Financial Accounting.
You can choose the order in which you need to take every ACCA examination. The Corporate and Business Law paper in the Applied Skills Level is also an on-demand paper.
Session-based CBEs
You can take the Applied Skills and Strategic Professional Level tests during 4 deliberate ACCA examination periods a yr. These occur inside the months of March, June, September and December. Students who are making plans to seem for the exam have to e book their seats ahead of time. You can sign in as early as 14 weeks before the take a look at date. The examination effects can be discovered six weeks when you deliver your papers.
A exemption calculator to parent out their eligibility.
ACCA Exam pattern
Each level of the ACCA exams follows a different pattern.
| Applied Knowledge Level | Applied Skills Level | Strategic Professional Level |
| One-Demand exams | Session-based exams (except for Corporate and Business Law) | Session-based exams |
| All three ACCA exams are for 2 hours | Corporate and Business law is a two-hour exam. The other papers in this section are all three hours long. | All ACCA exams are 3 hours long. |
| The papers have two sections: Section A has 35 objective questions worth two marks each. Section B contains two to three questions worth 10 to 15 marks each. | The Corporate and Business Law paper’s section A contains 25 objective questions (two marks each). Section B has 20 questions (one mark each). The Audit and Assurance exam has a section A with 15 questions (two marks each). Section B has two questions for 20 marks and one constructed-response workspace question for 30 marks. All other ACCA exams have 30 objective questions of two marks each in section A. Section B has two constructed-response workspace questions for 20 marks each. | All exams at this level will require an essay-style answer with two questions for 25 marks each and a question for 50 marks. |
ACCA Exam centres
You can take the ACCA assessments in most of the major towns in India, together with Mumbai, New Delhi, Ahmedabad, Chennai, Bangalore, Hyderabad, Cochin, Kolkata and numerous others. The charges according to examination are more or less Rs 10,000 to Rs 20,000, depending on the problem stage.
ACCA Passing grades
You need a minimum rating of 50% in each subject to skip the ACCA exams.
How to prepare for the ACCA exams
· Prepare a examine schedule.
You should be clever about your prep work for the ACCA exams. Start planning earlier and allow your self a realistic examine timetable to ensure you have got sufficient time. The ACCA board additionally recommends you research the syllabus with an permitted gaining knowledge of partner consisting of Lakshara academy. These lessons are taught via reputed industry specialists who help you hold close the fabric better.
· Read the have a look at manual and official books first.
ACCA experts recommend you observe from authorized content material. The carriers are BPP Learning Media and Kaplan Publishing. These resources provide the modern updated examine cloth and question banks. If you sign up with a reputed training centre, you will get hold of get entry to to the respectable books as nicely.
·Understand the form of questions asked in every module.
When studying the questions within the ACCA checks, you have got to break down the that means of what’s asked. Take word of the main verbs used within the questions, which includes ‘analyse’, ‘check’ and ‘calculate’, ‘compare’ and ‘criticise’. Ensure you know the necessities for every of these phrases and answer for this reason. It helps to education in advance so that you are prepared.
·Work on mock checks and exercise papers.
Ask any top ranker for pointers on passing the assessments, and you’ll examine the price of mock checks and exercise papers. Try and solve as many as you may. Write down the answers. Time yourself. Set up examination conditions and work hence. Correct your mistakes, and then start the process all once more. Coaching institutes may also offer several exercise papers in order to get better acquainted with the ACCA exams. Remember, practice makes best.
·Read examiner reviews at the ACCA website.
The internet site offers a phase on the examiners and the way they mark papers. It also consists of not unusual errors maximum college students make and the way to examine from them. This offers you a completely unique perception into what the examiners are searching out when grading ACCA assessments.
·Check your eligibility for exemptions.
If you hold a professional diploma or certification, you’ll be eligible for exemptions from the examination. The ACCA website has an exemptions calculator that analyses your qualifications and college to determine if you can pass a few papers. This can assist free up a while to pay attention on reading for fewer ACCA checks.
How Lakshara academy prepares you for the ACCA assessments
Lakshara academy in Association KS Academy is an authorised ACCA Learning partner, certainly one of India’s pinnacle ACCA training institutes and well-known most of the pupil community for its incredible tune record. Students who enroll with Lakshara academy effectively clean the ACCA assessments and start their careers at the proper notice.
One of the main motives for that is that the professors are industry experts who use their know-how and knowledge to help college students master the course. They use modern teaching techniques, hands-on schooling techniques and realistic strategies to gaining knowledge of. This allows students ace the ACCA checks and do properly of their jobs within the accounting industry.
Highlights of mastering with Lakshara academy:
- Students can enrol in one of the 15+ ACCA education centres set up in all of the primary towns in India.
- There is also an choice to sign in for on line lessons.
- Your ACCA registration is loose once you enrol with Lakshara academy.
- Students who don’t clear the ACCA checks on the primary try obtain limitless classroom sessions till they pass the papers.
- Additional sources, inclusive of mock exams and practice papers, are to be had for all college students. There are over six hundred questions for every situation.
- Once you clean the course, you can log into the Lakshara academy placement portal to get admission to a wide variety of jobs in your chosen field.
FAQs
·Do I get exemptions if I have an MBA or CA?
Yes. Most certified CAs and MBA holders can get up to nine exemptions from the ACCA assessments. Check on the website to discover the exact details of your exemption.
· Is ACCA harder to crack than CA?
The CA is known for incredibly rigorous tests that are difficult to clean. In comparison, the ACCA tests have a higher passing charge. The ACCA examination structure is greater bendy than the CA. That doesn’t suggest that the ACCA aren’t tough on their own. You will nonetheless need to work difficult to clean the ACCA checks.
·What occurs if I don’t clean the ACCA exams?
If you don’t bypass in your first try, take the tests again. Approved ACCA partners together with Lakshara academy help students with doubt-clearing periods and revisions so they may be higher organized for the second try.
·Can I do the ACCA route after B.Com?
Definitely. The ACCA direction is ideal for B.Com graduates, as the scholars come from a strong accounting historical past. These graduates may additionally also be eligible for exemptions inside the first 4 papers of the ACCA checks.
Conclusion
The ACCA exams follow a specific format yet are bendy. While the papers may be tough or complicated, college students who’ve organized themselves well in advance and accompanied the look at guidelines indexed in this post generally tend to do thoroughly in their exams. Don’t be in a rush. Take the time to examine your ideas and hone your skills. If you enrol with an accepted gaining knowledge of companion, your instructors will make certain you’re well-geared up to clean the ACCA checks and begin your accounting profession.