Why is acca hard

However, some students might feel comfortable by self-studying the whole course or using the online classroom platforms. Time is one of the most important factors to achieve success in ACCA.

If an individual is a full-time student, he or she would be able to allocate more time towards studying whereas working or part-time students may not be able to put the same amount of effort due to their work responsibilities.

It needs to be well-balanced to complete their qualification as early as possible. The Applied knowledge examination is the first stage of ACCA qualification and is based on the basics of business and accounting knowledge. It requires a minimum of two hours per day to complete the syllabus content while a complete practice from the exam kit of either publisher is enough. Each student is advised to complete these papers first and then move on to the next stage because it has been observed that many students complete them at the end of their qualifying attempt.

Applied skill level of ACCA provides in-depth knowledge of the auditing and accounting profession. Thereby at the end of the course, you tend to become a holistic individual and employable.

Plan your time accordingly and make sure you set your target as 3 or 4 years to complete the course. This will help you appear for the exams accordingly and help you in speeding your preparation. With 14 papers to clear the exam, you need to put in your time and investment to clear the exam and become a qualified ACCA member. Though you have ten years to complete the course, most of the students complete the course at an average of four years.

Once you clear the papers, you have a professional ethics module and you should also complete three years of professional experience. Depending on your previous qualifications, you will have exemptions at the fundamental level, and this is valued by most of the students.

Added to this, the ACCA course as such is flexible where there is no grouping of papers and you can learn the course from anywhere and at a convenient time. If you are new to accounting, you will have to put in extra hours of work to master the concepts. Therefore there is a diploma or foundation level where you can cover all the basics of accounting and gain a fundamental level of understanding of what ACCA is all about.

If you put in the time and are dedicated to passing, you will be able to pass exams and keep going until you are ACCA qualified! It should be clear from the above, the ACCA course is time-consuming and sometimes stressful. That means your support network is crucial.

Explain to friends and family what the ACCA involves, and ask for their support. Your learning provider is also critical. When going gets tough, the tough get going. This is one success formula many students who aspire to become a global chartered accountant follow. Your level of commitment and learning from the best study experts can lead you to success undoubtedly. Trust your capability and keep pushing yourself to exceed your expectations. Practice can help you master any topic, taking a lot of mock assessments, appearing for the quarterly exams, and so on can lead you only to completing the course with bright colors in almost four years.

Intellect, Dedication, pressure handling, decision making, and fairness-; all this comes with the ACCA package. To make things even more difficult, there was a downturn in the economy, bringing its own business issues and challenges. On several occasions, I felt like quitting. I set about learning as much as I could about the FMCG industry, obtained coaching from other heads of departments, spent a lot of time teaching my staff, explained to them what they were doing, the objectives and importance of it.

In turn, my staff started to understand their role better, began feeling more important and started to enjoy their work. At the end of the day, it was the perseverance and determination inside of me that got me going. Despite the economic downturn and a subsequent recruitment freeze, I now had a team of motivated staff.

We improved the monthly accounts, closing from eight to four working days. We also reviewed the way we did our work and challenged the status quo. Change was the only constant. We cut down the manual journal work by interfacing purchases, sales and payroll modules to the general ledger module. We upgraded the payment systems from manual cheques issuance to an outsourced automated payment system, which brought about substantial savings in staff time and cost of payments.

My manager was happy with our achievements.