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All About ACCA Exam – Preparation Study Materials

All About ACCA Exam – Preparation Study Materials

All About ACCA Exam preparation material : Check out the complete details about ACCA preparation, ACCA study material, ACCA study plan, ACCA practice exams, ACCA revision tips, ACCA exam resources, ACCA question papers, ACCA suggested answers, ACCA study manual.

All About ACCA Exam preparation

For better preparation for the exam follow the following preparation strategy: 

Follow all these things:

  • Syllabuses and study guides
  • Past papers
  • CBE specimen exams (where applicable)
  • Practice tests for on-demand CBE exams
  • Examiners’ reports and guidance
  • Technical articles from Student Accountant
  • Exam technique videos

All About ACCA Exam preparation :EXAM SUPPORT RESOURCES

We have some great exam-specific resources (for example examiner’s reports and syllabus and study guides) to help you prepare for your exams.

A selection of some of our newer resources are explained below, and you’ll find the full range of exam support resources in the exam resource finder.

All About ACCA Exam preparation: SELF STUDY GUIDES

We have produced interactive self-study guides for FAB, FMA, FFA, F1-F9 and P1-P7 which provide you with a structured, phased approach to your studies.

The guides also ensure you know which resources (from both ACCA and our Approved Content Providers) are available, as well as how and when you should use them.

Throughout the guides there are tips for success, extracts from some of the resources available and interactive, clickable checklists to help keep you on track.

All About ACCA Exam preparation: PRACTICE TESTS

To support you practising questions for your exams, ACCA has created practice tests, available for all computer-based exams. Practice tests replicate the live exam, providing you with a great exam experience. They also provide you with personalised feedback on your performance, enabling you to identify your strengths and weaknesses across syllabus areas before you take your actual exam.

All About ACCA Exam preparation: RETAKE GUIDES

The retake guides have been designed to help you understand where you went wrong in your previous exam attempt(s) and to provide you with guidance in the way you approach your retake.

They provide tips for success, signpost ACCA resources and can be used either online or printed in PDF format.

Recommended Read:-  ACCA preparation

All About ACCA Exam study material

ACCA study material :SYLLABUS

DETAILED SYLLABUS

A) The business organisation, its stakeholders and the external environment

1. The purpose and types of business organisation

2. Stakeholders in business organisations

3. Political and legal factors affecting business

4. Macroeconomic factors

5. Micro economic factors

6. Social and demographic factors

7. Technological factors

8. Environmental factors

9. Competitive factors

ACCA study material

B) Business organisational structure, functions and governance

1. The formal and informal business organisation

2. Business organisational structure and design

3. Organisational culture in business

4. Committees in business organisations

5. Governance and social responsibility in business

ACCA study material

C) Accounting and reporting systems, controls and compliance

1. The relationship between accounting and other business functions

2. Accounting and finance functions within business organisations

3. Principles of law and regulation governing accounting and auditing

4. The sources and purpose of internal and external financial information, provided by business

5. Financial systems, procedures and related IT applications

6. Internal controls, authorisation, security of data and compliance within business

7. Fraud and fraudulent behaviour and their prevention in business, including money laundering.

All About ACCA Exam study material

D) Leading and managing individuals and teams

1. Leadership, management and supervision

2. Recruitment and selection of employees

3. Individual and group behaviour in business organisations

4. Team formation, development and management

5. Motivating individuals and groups

6. Learning and training at work

7. Review and appraisal of individual performance.

All About ACCA Exam study material

E) Personal effectiveness and communication

1. Personal effectiveness techniques

2. Consequences of ineffectiveness at work

3. Competence frameworks and personal development

4. Sources of conflicts and techniques for conflict resolution and referral

5. Communicating in business.

All About ACCA Exam study material

F) Professional ethics in accounting and business 1. Fundamental principles of ethical behaviour

2. The role of regulatory and professional bodies in promoting ethical and professional standards in the accountancy profession

3. Corporate codes of ethics

4. Ethical conflicts and dilemmas.

Recommended Read:- ACCA study material

All About ACCA Exam

All About ACCA Exam study plan:  About the organisation: Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA or FCCA). From June 2016, ACCA recorded that it has 188,000 members and 480,000 students in 178 countries. ACCA’s headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of 100 offices and centres and more than 7,100 Approved Employers worldwide, who provide employee development.

All About ACCA Exam study plan: Study plan checklist

Calculate the number of weeks from now until your exam date and draw up a plan.

Block out days/half days/ evenings already committed to family/social events

Plan study periods – evenings/ half days/full days,

aiming for roughly one evening/half day per chapter of your study text Leave a six week period for the revision and final preparation phases.

ACCA study plan

Main capabilities : This syllabus’s aim is broken down into several main capabilities which divide the syllabus and study guide into discrete sections. Relational diagram of main capabilities This diagram illustrates the flows and links between the main capabilities (sections) of the syllabus and should be used as an aid to planning teaching and learning in a structured way.

Syllabus rationale :This is a narrative explaining how the syllabus is structured and how the main capabilities or sections of the syllabus are linked. The rationale also explains in further detail what the examination intends to assess and how. Detailed syllabus This shows the breakdown of the main capabilities (sections) of the syllabus into subject areas. This is the blueprint for the detailed study guide. Approach to examining the syllabus This section briefly explains the structure of the examination and how it is assessed.

Recommended Read:-  ACCA study plan

 ACCA practice exams and other details

ACCA practice exams and other details: Practice Tests are an interactive study support resource, which will replicate the format of computer-based exams (CBEs) and help you to identify your strengths and weaknesses before you take an exam.

As well as giving you an insight into a live exam experience, Practice Tests will also provide feedback on your performance. Once you complete the test you will receive a personalised feedback diagram showing how you have performed across the different areas of the syllabus.

For more information on how useful the Practice Tests can be to your revision, watch our video for more details on this new resource.

HOW CAN PRACTICE TESTS HELP YOU?

Practice Tests are a great revision aid. They are developed to the same quality standards as live exams and will provide you with:

  • a realistic reflection of your performance
  • a personalised feedback diagram to help you plan and focus your final revision activity
  • experience of the exam environment, so you know what to expect in advance of a live exam.

Practice Tests are available online instantly anytime, anywhere and should be used once you’ve studied the full syllabus.

HOW DO I GET HOLD OF THEM?

Practice Tests can be purchased and accessed via myACCA and are available for all exams that can be taken by CBE. You will be able to buy a single test or you can purchase a set of three tests for the same exam, costs of which are detailed below.

Please note: A set of tests means you will purchase three different practice tests for the same exam. This is not a set of tests for three different exams.

Computer-based examSingle testSet of three tests
MA1, FA1, MA2, FA2£5£10
FAB, FMA, FFA, F1, F2, F3£7£14
F4£9£18
Practice makes perfect and while the tests cannot guarantee success in the live exam, they are a great way to practise exam-style questions and identify areas that needfurther development.

Little about ACCA

Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA or FCCA). From June 2016, ACCA recorded that it has 188,000 members and 480,000 students in 178 countries. ACCA’s headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of 100 offices and centres and more than 7,100 Approved Employers worldwide, who provide employee development.

The term ‘Chartered’ in ACCA qualification refers to the Royal Charter granted in 1974.

Chartered Certified Accountant is a legally protected term. Individuals who describe themselves as Chartered Certified Accountants must be members of ACCA and if they carry out public practice engagements, must comply with additional regulations such as holding a practising certificate, carrying liability insurance and submitting to inspections.

ACCA practice exams: AIM

To introduce knowledge and understanding of the business and its environment and the influence this has on how organisations are structured and on the role of the accounting and other key business functions in contributing to the efficient, effective and ethical management and development of an organisation and its people and systems.

ACCA practice exams : RATIONALE

The syllabus for FAB/F1, Accountant in Business introduces students who may not have a business background, to the business, which as an entity is made up of people and systems which interact with the environment and with each other. The syllabus begins with examining the purpose and types of business which exist, the key stakeholders and the rights and responsibilities that businesses have in connection with them, exploring the external influences that affect the business in its environment, including economic, legal, social and technological factors.

Recommended Read:- ACCA practice exams and other details

All About ACCA Exam revision tips

ACCA revision tips for ACCA exam: These are the help full tips for preparation as well as revision tips
ACCA revision tips for ACCA exam: Classes-  If you are studying a subject for the first time, you must take a class. Classroom training and Distance learning both worked out well for me. If its too much of a hassle to travel to classes and if you are not going to be able to make it to a class because of other commitments then you may as well kick back at home and take a distance learning class. ACCA requires a lot of focus and determination.

You will have to set aside at least 4 hours of proper undisturbed study time everyday. Which does not include lecture/class time. So make sure the space/venue you choose to study at is well equipped and organised for you to study. I highly recommend taking up classroom lectures to structure your studies. (unless you are a a crappy student like I am and will bunk classes).
I’m a former student of LSBF-London. and I have used their distance learning platform too. LSBF has great distance learning classes and materials. You can watch a demo before making up your mind. Also make sure you have good internet access always if you wish to go the distance learning way.
ACCA revision tips for ACCA exam
Lecturer: Keep in touch with your lecturer/professor. Start solving exam standard questions as soon as the first week of studying and submit it to your professor and discuss your question solving strategy with them. Read up a little bit on your professor/lecturer/trainer. A great teacher will push your your success rate. ACCA is a professional qualification and its quite different from an University degree. Here the lecturer has to be like your sports coach not your mentor and he/she cant change your result for you, however they can train you well challenges in the exam hall. Knowledge about the subject will get you through to 40%.

A good coach is someone who will show you to become a master of the game i.e. your exam. There are no projects or assignment that will help you get a good grade or pass. So all you will have is 3 hrs and 15 mins and you must know how to make the most of it. Always make a note of all the tips and tricks your lecturer gives you and follow those like holy words.
Most of the papers that I’ve passed first attempt or confidently was when I listened to my lecturers and followed exam guidelines.
ACCA revision tips for ACCA exam
Exam Kit solving and strategy: Solve the Exam kit at least twice. I cannot stress enough on how important it is to solve the exam kit, solving it twice is crucial, if you want to be sure to succeed.  During revision time only focus on solving past exam papers. You must include a minimum of 6 recent exams and must solve them under exam conditions. Give yourself 15 mins reading time and 1.8 mins per mark to solve. Meaning 3hrs converted to mins= 180 min. 180 mins divided by 100 (marks) gives 1.8 mins per mark. So, for example for a 25 marks question you get 45. You should focus on the break down of marks in a question and how to get maximum number of marks. always attempt all 100 marks.
BPP, Kaplan and LSBF all have great exam kits and you can download past exam papers from the accaglobal website.
http://www.accaglobal.com

Number crunching Vs. Theory:Yes we all hate to write. solving sums is faster, easier and less messier. But you must be aware that only number crunching will not get you above the 50% mark.

ACCA revision tips for ACCA exam

Textbooks: Go through the textbooks once, very quickly if you really want to. but it isnt necessary to do so. But do keep a textbook handy for reference while you are studying. sometimes the Exam kit doesn’t explain how they go to the answer, so you may need the textbook to go back and refer to those bits during your revision time.
I prefer the BPP textbooks. They have a great structure and use very professional yet simple language. In the professional level exams you get grace marks for presentation and professionalism. Its good to incorporate these from an early stage by reading good publications and new papers.
ACCA revision tips for ACCA exam
Articles: Read the articles by your examiner and your examiners feedback. One of my lecturers always said, “the best form of flattery is imitation”. The articles published by your examiner will help you get into your examiners head and that will help you score great marks on the theory and application/conclusion/advice bits of the exams, which hold big marks. Also keep up-to-date with current affairs in the world of finance.

You can find great resources on the ACCA website. Spend sometime exploring the website and get familiar with it.
http://www.accaglobal.com

ACCA revision tips for ACCA exam: Mock Exams– Its good to give mock exams, you get feedback from your teachers a few days before your exams so that you can correct your exam strategy well in time. Many students have succeeded only because they appeared for their mock exam.
These are just exams. Give it your best and do not stress. I’ve seen many students go crazy and I have been through this for a few years. Success and failure both come with this package. Maintain a healthy lifestyle. Workout, eat nutritious food, sleep for a minimum of 5 hours per day set time aside to spend time with friends and family and for yourself. Good luck!

Recommended Read:- ACCA revision tips

All About ACCA Exam resources

All About ACCA Exam resources: MAIN CAPABILITIES

On successful completion of this paper, candidates should be able to:

A) Understand the purpose and types of businesses and how they interact with key stakeholders and the external environment.

B) Understand business organisation structure, functions and the role of corporate governance.

C) Recognise the function of accountancy and audit in communicating, reporting and assuring financial information and in effective financial control and compliance.

D) Recognise the principles of authority and leadership and how teams and individuals are recruited, managed, motivated and developed.

E) Understand the importance of personal effectiveness as the basis for effective team and organisational behaviour. F Recognise that all aspects of business and finance should be conducted in a manner which complies with and is in the spirit of accepted professional ethics and professional values.

All About ACCA exam resources: Exam Regulations

  • All modules must be sat in order
  • Maximum of four papers to be taken in one sitting
  • Papers within a module may be sat in any order but ACCA recommends that they should be sat in numerical order
  • Papers from a variety of levels may be sat at any one time. i.e. Knowledge and Skills or Skills and Essentials
  • The three Essentials ACCA papers do not have to be sat together
  • Students have 10 years to pass all the examinations. From early 2016 students will have 7 years to pass the exams at Professional level (P1, P2 and P3 and two of the options paper P4-P7). The 7 year time limit starts when a student passes their first Professional level exam.
  • The pass mark for all examinations is 50%
  • In addition to the above 14 papers, students are required to study and sit an on-line module in Professional ethics. It is recommended that this is studied at the same time as P1
  • Practical experience required

Recommended Read:- ACCA exam resources

All About ACCA Exam question papers

All About ACCA Exam question papers: Overall aim of the syllabus This explains briefly the overall objective of the examination and indicates in the broadest sense the capabilities to be developed within the examination. Main capabilities This syllabus’s aim is broken down into several main capabilities which divide the syllabus and study guide into discrete sections. Relational diagram of main capabilities This diagram illustrates the flows and links between the main capabilities (sections) of the syllabus and should be used as an aid to planning teaching and learning in a structured way. Syllabus rationale This is a narrative explaining how the syllabus is structured and how the main capabilities or sections of the syllabus are linked. The rationale also explains in further detail what the examination intends to assess and how.

FOR QUESTION PAPER GO DOWN BELOW

All About ACCA Exam question papers: AIM

To introduce knowledge and understanding of the business and its environment and the influence this has on how organisations are structured and on the role of the accounting and other key business functions in contributing to the efficient, effective and ethical management and development of an organisation and its people and systems.

RATIONALE

The syllabus for FAB/F1, Accountant in Business introduces students who may not have a business background, to the business, which as an entity is made up of people and systems which interact with the environment and with each other. The syllabus begins with examining the purpose and types of business which exist, the key stakeholders and the rights and responsibilities that businesses have in connection with them, exploring the external influences that affect the business in its environment, including economic, legal, social and technological factors.

The syllabus then examines the structure and functions of business, focusing on corporate governance and the specific accounting related roles in this process, particularly in financial reporting, assurance, control and compliance. The syllabus then introduces key leadership, management and people issues such as effective individual and team behaviour, motivation and personal effectiveness. The final section of the syllabus examines how behaviour at all levels within business should be underpinned by accepted professional ethics and professional values.

Recommended Read:- ACCA question papers

All About ACCA registration :  You can view the ACCA application procedure, ACCA exam fees and payment,Documents required for ACCA registration and all details about ACCA .

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All About ACCA syllabus : You can view  ACCA syllabus, ACCA level 1 syllabus, ACCA level 2 syllabus, ACCA curriculum and all details about ACCA .

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All About ACCA Result : You can view  ACCA exam result, ACCA pass percentage, ACCA pass marks, ACCA result analysis and all details about ACCA .

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All About ACCA Exam Preparation material Study Materials

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