10 Best Tips to pass ACCA Exam in the First Attempt

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10 Best Tips to pass ACCA Exam in the First Attempt

Tips to pass ACCA Exam on the First attempt

The ACCA qualification is a wonderful way to start a career in Accounting and Finance because it is a globally recognized course with updated/industry-relevant information.

ACCA students can achieve a Diploma/Advanced Diploma in Accounting and Business and then become ACCA Members.

Why did you choose ACCA?

  • More than 80 international Accountancy body relationships. Globally recognized in over 180 countries.
  • Because your competency is tested for up to 13 rigorous exams, it communicates credibility and is a terrific method to give your resume an advantage.
  • A well-designed and regularly updated curriculum that fosters the development of industry-relevant knowledge, skills, and professional values.
  • ACCA exams equip you to carry out strategic tasks at the highest levels of management, which will lead to a long-term career.

ACCA course details

ACCA aspirants rigorously need to concentrate on their studies, To pass the ACCA exams in a very less duration, You need to have a structured study plan with proper study materials and an experienced mentor. The best way to get all of these is to join the Best ACCA training program where you will get the support, guidance, and all the requirements at a reasonable price. Here are the ACCA course details, You shouldn’t miss out

To become an ACCA member, an applicant must complete the following tasks:

  • Attempt and pass 13 exams (ACCA allows up to 9 paper exemptions depending on the candidate’s experience).
  • Record your experience in a related capacity for at least 36 months.

ACCA Subjects

ACCA has three levels of studies and exams: Applied Knowledge, Applied Skills, and Strategic Professional.

ACCA Subjects are offered at three levels:

For Applied Knowledge

  1. Business Accounting
  2. Management Accounting
  3. Financial Accounting

For Applied Skills

  1. Corporate and Business Laws
  2. Performance Management
  3. Taxation
  4. Financial Reporting
  5.  Audit and Assurance
  6. Financial Management

For Strategic Professional

Compulsory

  1. Strategic Business Leadership
  2. Strategic Business Reporting

Optional

  1. Advanced Financial Management
  2. Advanced Performance Management
  3. Advanced Taxation
  4. Advanced Audit and Assurance

How to ace the ACCA exams on the first try?

Because of the flexible and convenient exam schedule, passing the ACCA exam on the first attempt is significantly easier than passing CA or CFA exams. To pass the ACCA exams, all that is required is to follow a proper schedule and have a proper study plan, which is where coaching sessions come in handy. Here are some pointers that will assist you in passing your ACCA exam on the first try:

Planning is key

You can begin your exam preparation by reviewing the whole syllabus and developing a comprehensive study plan that covers all of the topics. The first four papers of ACCA (AB to LW) can be taken at any time during the year; however, the next four can be taken in March, June, September, and December. Studying for one paper every quarter helps you to concentrate on one subject at a time, which may be advantageous when you advance to higher-level papers. This is because some of the higher-level subjects are more difficult or have a lengthier syllabus to cover.

Topics should not be skipped

While it is vital to concentrate on your weaknesses, this should not lead to the decision to pass over other issues. You should arrange in such a way that all of the issues are given equal weight and adequate time.

Taking a Mock Exam

Mock tests are always the most effective technique to assess your strengths and weaknesses. Students should take a number of well-planned mock exams and exam simulations to get a feel for the exam. When you’ve already been given 4-5 tests, you’ll feel more confident on the day of the exam. While the first four examinations are computer-based MCQs, the fifth and subsequent papers have a combination of multiple-choice goals and subjective questions that require practice and technique. Sticking to the time restriction in mock examinations can help you become more familiar with the exam format. You can examine the difficulty level and questioning tendencies by solving previous question papers.

Regularly Brush Up On Your Syllabus With A Mind Map

ACCA exam is a hands-on, application-oriented qualification that necessitates more practice than memorization. Allowing time for what you’ve learned to sink into your long-term memory rather than relying on your short-term memory will help you perform better on exams. If you allow enough time for revision, you will have a better chance of passing the exam on the first try. Make notes in your pocket, make acronyms, and get the support of your classmates and instructors to come up with new ways to remember the tricks.

Personal Happiness

Personal wellbeing — both mental and physical – is last but not least. You can only become an ACCA if you want to. Remind yourself that this is the person you want to be. Passion, determination, and patience are, without a doubt, essential. While it is critical that you remain positive and work hard, it is also critical that you relieve all of your tension. Keep in mind that this isn’t a life-or-death situation. You have to be kind to yourself. Relax for a moment and carve yourself some time for some exercise, meditation, or yoga to improve your attention. Make an effort to surround yourself with individuals who will motivate and de-stress you.

D-Day Advice

  • Do not take any practice tests before the exam day; this may lower your confidence. Also, don’t get worried by comparing your past mock test scores to anyone else’s.
  • On the day of the exam, dress and eat as you normally would.
  • Start with the questions you know you can answer, as this will help you feel more confident. In MCQ tests, there is no negative marking, so even if you guess the answer, you have a one in four (25 percent) chance of answering correctly.
  • Don’t squander your time by focusing on just one question. Because the clock will continue to tick, it will become increasingly important for you to time your question attempts.
  • When answering a question, do not feel rushed. The trick is to believe in yourself and the amount of work you’ve put into this exam.

What is the best way to study ACCA while working?

If you can manage your time well and are willing to make social sacrifices, studying for the ACCA while working is a viable choice.

Most students find earning money while studying intriguing, and the experience you gain will likely help you better comprehend the ACCA exam topic. NorthStar Academy, the best institute in the ACCA program, is running online classes which will be very beneficial in studying while working. 

Working and studying can complement each other, and as a result, you may discover that you do better in both camps.

Best ACCA paper combination

Many of the students decide to study two ACCA papers simultaneously. This was once a popular method of progressing through the qualification, but in recent years, many students have developed the practice of taking one paper at a time. It can be difficult to decide between two papers if you are considering doing both.

Some publications are more computational, while others rely on written analysis. A decent rule of thumb is to combine a computational paper with one that requires more writing.

FAQ’s

1.How difficult is it to pass the ACCA exam on the first try?

The ACCA considers an attempt successful if it receives at least 50% of the marks, which is a pretty simple score. To improve your chances of success, it is always a good idea to get proper training from an experienced ACCA faculty member.

2.How can I pass all of my ACCA tests on my first try?

Start studying well ahead of time; don’t wait until the last minute. Take a revision course to ensure that you are completely prepared on exam day. Make sure you understand the exam structure, syllabus, and regulations, among other things. Make a plan for your preparation and set realistic goals for each day.

3.How do I self-study for the ACCA F8 exam and pass it?

ACCA’s Audit and Assurance (F8 paper) has a history of having some of the lowest pass rates in the world. This paper puts your technical knowledge of audit principles to the test, as well as your comprehension of the assurance engagement process and its application to a professional regulatory framework.

You can’t crack all the MCQs towards the end of your study schedule for the F8 paper. This is why you should complete 5 MCQs per day, during the duration of the curriculum, totaling about 300 MCQs throughout your lesson. This will help with retention and overall understanding of the concepts.

4.How do I prepare to pass the SBR on the first try – ACCA?

To pass SBR, you must not only possess technical knowledge but also be able to apply and explain that knowledge in the exam in a manner that gives you the desired grade. Don’t just write all you know; choose the most relevant knowledge to answer the question. Only write enough to get the points you need. Don’t recite norms or guidelines by rote; it won’t get you any points and will waste your time.

5.How do I prepare for the ACCA F4 exam in a single day?

Use the ACCA F4 NorthStar Academy lectures with the course materials. Try to read a study text at least once, but don’t force yourself to keep reading once your mind has wandered. As many previous F4 exam questions as you can.

6.How can I pass my ACCA professional exams on the first try?

When you’re first getting ready for a paper, you should plan on spending at least 120–150 hours studying the material. This, however, will be highly dependent on aspects such as the quality of your supposed knowledge and whether or not you have any relevant practical experience.

7.How can I make sure I pass the ACCA F2 and F3 papers?

F2 and F3 are ACCA’s foundation papers, with a moderate level of difficulty. You must be comfortable with concepts; cramming will not help you pass any of the ACCA papers. F2 is the foundation for F5, and F3 is the foundation for F7. Understanding the ideas will assist you in passing both the present and future exams. They will be computer-based exams with MCQs throughout the paper. Remove the incorrect solutions from the equation. It will be beneficial. Also, put the revision kit through its paces.

8.What are any F5 ACCA passing tips?

Make an effort to see connections between topics and how they relate to business. As much as possible, practice and maintain a cheerful mindset and good timing throughout the exam. F2 presents many of the principles that will be used in F5; therefore knowing F2 will help you cope with F5.

9.What is the best approach to preparing for the ACCA F1 exam?

Use the ACCA F1 lectures from NorthStar Academy with the Course Notes. Make sure you understand all of the theories on the syllabus. When you’re comfortable with a topic, go over pertinent test questions in any question banks you have.

10.Is ACCA F6 a challenging exam?

The ACCA F6 exam, like all other ACCA courses, is quite complex, and it would be more accurate to describe F6 (Taxation) as lengthy rather than difficult. However, claiming that it is more difficult than previous ACCA fundamental level exams is incorrect; some students may find it easier because it is a practice-based test rather than a logical thinking exam, and it is more straightforward rather than hectic.

Overall, planning ahead of time, eating the right foods, properly organizing your study environment, and, most importantly, believing in yourself can help you deal efficiently with exam-related stress and pass your examinations on the first try.

Conclusion

With a flexible ACCA course from NorthStar Academy, you can give yourself the best opportunity of succeeding. We can help you have a better understanding of every concept of ACCA Subjects. Additionally, we also provide students with Customized study materials, a Mobile app for the backup classes, a forum to debate exams, methodologies, subject-related questions, Practical Experience Requirements, and other topics. If you have any further queries on ACCA course details. Feel free to contact us at +91 81 4747 0707. We would be more than happy to help you with your career regards.

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