Are Acca Exams Hard?
ACCA stands for the Association of Chartered Certified Accountants. It is a highly prestigious qualification in the fields of accounting and finance.
ACCA enjoys recognition by many countries globally, conferring an advantage upon individuals who pursue this qualification. ACCA qualified professionals can work in governments, businesses, global organizations, or even start their own business. The possibilities are endless.
Myths About ACCA Exams
There is a general perception among people that it is almost impossible to pass ACCA exams within 3-4 years. It takes a lot of years, and still, you are left with some exams to clear.
This notion is a complete myth because with hard work and focused preparation, you can easily clear ACCA exams in due time. There are a lot of examples of candidates clearing exams in a very short period as well.
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No doubt, ACCA exams require a thorough understanding of concepts and a combination of skills, including time management, problem-solving, decision-making, and grasp on key concepts of the subject. Still, with dedication passing, ACCA is very easy.
How to Prove these Myths Are Not True
With dedication and hard work, you can easily prove these myths wrong. One of the most common mistakes students make is to listen to people with negative mindsets.
Always remember that you carve out your destiny. Yes, you are in command of your fate. With hard work, you can achieve anything. Don’t pay heed to negativity. Keep a positive attitude and work towards your goal.
Why People Fail ACCA Exams
There are several reasons why people fail in ACCA exams. One of the key reasons behind the low passing ratio regarding ACCA exams is that the candidates often lack the basic understanding of these exams.
These exams are not testing merely your theoretical knowledge of concerned subjects. They are trying to assess your knowledge of concepts and your critical approach regarding applying these concepts in challenging situations.
You need to perfect your concepts and then your time management skills because, in many instances, the candidate has a good understanding of concepts. Still, due to inadequate time management skills, he/she cannot perform well in the exams.
How to Ace ACCA Exams
Adopting certain strategies will go a long way in ensuring that you ace ACCA exams in a minimum period.
Focus On Your Goal
You should be clear about your target. If you are clear about your target, then you can easily map out a winning strategy. It is easy to accomplish something when you put your heart and mind into it. Confusion often leads to failure.
Prioritize Your Commitments
Nothing worth having comes easy. You have to adjust your routine so that you can dedicate a maximum chunk of your time to your target.
It is not necessary to study twenty-four hours a day. When you are tired, you can take some time out for socializing and doing something you enjoy. But between those leisure hours, you have to study with focus.
Study Smart Not Hard
A lot of people fail despite putting in a lot of effort into the task. To succeed, you need to work smart. You need to be aware of your study style and habits, and work accordingly. If you feel comfortable studying with friends, then find a study partner.
If you are a lone wolf, take on your solo mission. There are no successful general strategies. Everyone has their way. Find your way and stick to it.
Don’t Burn Yourself Out
Make sure that you take care of yourself mentally and physically while preparing for your exams. Plan your calendar efficiently so that you have time to hit the gym or go for a walk daily. Eat healthily and sleep when you need to.
Teaching is the best way to enhance one’s concept. It will help you master your key concepts and analyze your weak points. When you are aware of your shortcomings, you will find a way to remove them. In this way, you can boost your chances of clearing ACCA early.
Think About Why You Are Doing It
When you have a definite purpose, the struggle becomes easy. It does not seem difficult to set aside hours for study or missing a social event. Remember, you can enjoy these things throughout your life, but this precious time will not come back.
This is the time to make your career and give yourself a jumpstart in practical life. Please do not lose it over petty things. Make this opportunity count. Your future self will thank you for your determination.
Have A Support System
Having people around who believe in you and your ambitions can make all the difference in your struggle. There will be times when you will feel empty. Clearing ACCA is a marathon. The journey will have its ups and downs. Make sure you are firm when you hit a roadblock.
Success is not about avoiding failure. It is about navigating through it. Failing an exam is not the end of life. When you fail, take some time out for reflection and scrutinize what went wrong. Avoid those mistakes when you attempt the exam next time.
The Final Word
You can pass all the ACCA exams in minimum attempts if you practice and apply specific skills. The most important one is planning. Organization and planning will make the exams
piece of cake for you.
You need to work smartly and approach the exams with a confident attitude. If you think your concepts are not up to the mark, then take some time to improve your concepts and then teach a colleague/junior.
Teaching is the best way to strengthen your concepts. In case of failure, do not let it dampen your spirit and assess the examiner’s feedback regarding the areas you lack. Work on those areas and then try again.
Do not pay heed to those who discourage you. Focus on the bright side. Be aware of your potential. Work hard in an organized manner, and you can easily ace these exams in minimum attempts.