ACCA Exam Technique Guide

ACCA students who are falling below the pass mark of 50% are usually struggling due to a lack of examination technique. Completing a professional qualification like ACCA requires a rounded skill set, so you need to understand the theory, be able to apply in the exam BUT also have the right technique so you maximise your marks.

ACCA Exam Guide

Nick Best from Astranti Financial Training has put together a 37 page guide on How to Improve your ACCA Exam Technique – which could see your next ACCA exam mark increase by 40%!

ACCA Student Exam Issues

Exam’s are difficult for a multitude of reasons. Nerves can play a part (although a small amount of nerves can be a good thing to keep you alert!) but they are difficult to control. So the one thing YOU can control is how you approach your next ACCA exam and what technique you will apply.

Do you find yourself facing these issues below?

  • Comfortable with the ACCA syllabus theory but still fail to pass the exam?
  • Filling your exam answer scripts but scoring less than 50%?
  • Running out of time in the exam hall?
  • Struggling with calculation questions?

Fear not, you will be in the same boat as thousands of other ACCA students. That’s why we recommend you read Nick’s ACCA Exam Technique Guide to help you avoid making the same mistakes exam after exam.

The ACCA Exam Technique Guide

What can you expect from the guide?

2018-09-14 10_24_46-StartUsing a previous ACCA student as a case study, it will explain how he his ACCA exam score jumped from 29% to 69% by following the advice.

Explains the benefits of why you should plan your answers.

The 6 stages involved in planning your answers – starting from understanding the requirements to brainstorming your answer plans.

The 10 key rules you should follow for writing excellent answers, this will stop all of the unnecessary waffle that students tend to write by not understanding the requirement of the question!

Calculation questions and how to score the easy marks even if you don’t reach the final correct answer.

A look at ACCA Computer Bases exams and what technique should be applied here.

ACCA Exam Day Preparation

Once you have read the ACCA Exam Technique guide and put the methods into practice you should be well on your way to passing your next ACCA exam.

Here is a video from ACCA on how YOU should prepare for the Exam Day.

Good Luck!

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F9: Financial Management

ACCA F9 Exam Tips

The ACCA F9 Financial Management paper is an intriguing paper as it covers the role nad purpose of the financial management function and well as discussing the impact of the economic environment of the department.

It’s a tough paper that will require an in depth knowledge of the syllabus and how to apply it in the exam scenario. Below are the main areas of the F9 syllabus and the resources and advice listed below will help you on your way to passing the exam first time!

  1. The financial management function and environment.
  2. Working capital management.
  3. Investment appraisal and business valuations.
  4. Business finance.
  5. Risk management.

The full F9 Financial Management syllabus and study guide from ACCA can be found here.

Free Online ACCA Study Texts

For those students who register with Astranti, you can access the free online version of the F9 Financial Management study text here.

Studying on the move is a great way to squeeze an extra hour or studying in a day, whether you are on your commute to work or have an internet connection, you can access the free online Astranti ACCA study text.

How to pass the ACCA F9 exam

The ACCA youtube channel gives students a host of free resources and exam tips and the F9 Financial Management paper is no different.

ACCA Master Classes

As well as offering study texts, the tutors at Astranti have put together a series of ACCA master classes for the F9 Financial Management paper. It’s the perfect way to revise and consolidate all of the knowledge you have gained in the run to exam day.

The masterclasses are spread over two days and will contain over 10 hours of learning material. If you cannot attend the live class itself, then classes are recorded and are available to students at anytime and can be watched at your own pace. Likewise, if you’ve actually attended the live course you still have the chance watch the recorded version.

Here is what you can expect:

  • The specialist ACCA tutor will guide you through the most examinable topics.
  • A focus on difficult exam questions that have been tested before and how to deal with them.
  • Exam technique is another focus area and will give you the tools to help you pass the ACCA F9 Financial Management exam first time.
  • Interactive questions and answers session with the tutor.

You can find out more information about the ACCA Live Online Masterclasses here.

F9 Mock Exams

ACCA Exam Tips

Generally speaking, the biggest difference between passing and failing exams is down to practicing technique and getting feedback on how you fared when taking mock exams.

ACCA Students can fall into the trap of creating pages and pages of perfect notes on the syllabus content but fail to grasp enough mock exam practice and technique.

It’s easily done but they keys to achieving a pass mark in your ACCA exams is pushing yourself to the limit with the mock exams you take – and that includes getting feedback on where you went wrong.

Astranti offer past exam papers for F9 Financial Management with marking and detailed feedback to see where you went wrong. You can find out more information here.

The ACCA also provide plenty of mock exam resources for the F9 Financial Management paper here.

F8: Audit and Assurance

ACCA F8 Exam Tips

The ACCA F8 Audit and Assurance exam is part of ACCA skills and fundamentals level of the qualification, but students who are looking to pass this exam will be edging ever close to the Professional P level papers.

Studying audit and assurance will see students tackle the following areas of the syllabus:

  • Audit framework and regulation.
  • Planning and risk assessment.
  • Internal controls.
  • Audit evidence
  • Review and reporting.

You can find the full F8 syllabus and study guide from ACCA here.

Free Online ACCA Study Texts

Free ACCA study materials

Students can pick up a free copy of the full Astranti study test F8 Audit and Assurance paper here.

It’s a great resource to have in your armoury as it allows you study online and on the go. Not too mention, Astranti offer all students free study texts for all levels of the ACCA and it’s a great to add to your exisiting resources or use as a stand alone study text.

How to pass F8 Audit and Assurance

ACCA offer a host of videos on youtube on various F8 Audit and Assurance subjects and their site on youtube is well worth visiting.

Below is a look at one of the more tricky subjects in the F8 syllabus – assertions and substantive procedures. Using these types of free resources should not be neglected by ACCA students looking to pass their exams first time.

The ACCA youtube channel can be found here.

ACCA Master Classes

Students who are self studying the ACCA qualification are missing out on the benefits of classroom tutiton but the ACCA online master classes from Astranti offer the next best alternative, as these two day courses cover over 10 hours of learning content.

The ACCA qualified tutor will run through tips on how to pass the ACCA F8 paper and what the examiner is looking for – as well as exam technique. Meanwhile, a substantial amount of time is devoted to cover the tougher areas of the F8 syllabus to ensure students are ready for exam day.

Even if you cannot attend for the live master class, every session is recorded and available for students.

You can find out more information about the ACCA Live Online Masterclasses here.

Here is what you can expect:

  • The specialist ACCA tutor will guide you through the most examinable topics and how to pick up easy marks.
  • There is a specific focus on difficult past questions ensuring you are ready for whatever the exam has in store.
  • It will include how to improve your exam technique.
  • Interactive questions and answers session with the tutor.

F8 Mock Exams

One of the final steps in tackling the Audit and Assurance paper will be practising mock exam after mock exam. There is no use is having pages and pages of pristine study notes if you don’t have enough mock exam practice under your belt.

Generally speaking, the biggest difference between passing and failing exams is down to practicing technique and getting feedback on how you fared when taking mock exams.

Astranti offer past exam papers for F8 Audit and Assurance with marking and detailed feedback to see where you went wrong. It will give you an honest appraisal with comments on how to improve your technique and exam style, helping you achieve a pass mark on exam day.

You can find out more about the ACCA mock exam marking and feedback here.

The ACCA also provide plenty of mock exam resources for the F8 Audit and Assurance paper here.

F7: Financial Reporting

f7

The ACCA F7 Financial Reporting paper is on the skills papers in the fundamentals level of the ACCA qualification. You’ll need to understand and develop knowledge of accounting standards and the conceptual framework for financial reporting.

Below are host of resources, exam tips and advice on how to the pass the F7 Financial Reporting paper first time. But first here is an overview of the syllabus content.

  • The conceptual regulatory framework for financial reporting.
  • Financial statements accounting transactions
  • Preparation of financial statements
  • Analysing and interpreting financial statements.

You can find the full F7 syllabus and study guide from ACCA here.

Free Online ACCA Study Texts

ACCA students who are looking for FREE resources can access the study text for the F7 Financial Reporting paper here.

Astranti offer all of their members a free copy of their study text for all levels of the ACCA qualification. It’s a great way to compliment your existing materials or for students who are financing their own studies, you can use it as the platform for your ACCA studies.

How to pass F7 Financial Reporting

Cash flows are one of the toughest areas of the F7 Financial Reporting paper and you will need a full understand on how they work, how to interprete them and use the correct technique in the exam to ensure your pass first time.

Below is a 25 minute video from BPP explaining how to approach this demanding subject.

ACCA Master Classes

Once you have covered the syllabus content you will need to find a way to revise and consolidate all of the information you have learnt so far. And these revision classes are an ideal way to prepare yourself for the upcoming exam.

Astranti are holding master classes for the financial reporting paper and it will be packed full of exam tips, full syllabus coverage, exam approach and how to score easy marks quickly.

The masterclasses are spread over two days and will contain over 10 hours of learning material. If you have missed the live session you can still access the recorded sessions and go over the materials.

You can find out more information about the ACCA Live Online Masterclasses here.

Here is what you can expect:

  • The specialist ACCA tutor will guide you through the most examinable topics.
  • There is a specific focus on difficult past questions ensuring you are ready for whatever the exam has in store.
  • It will include how to improve your exam technique, which can score you those all important extra marks in the exam.
  • Interactive questions and answers session with the tutor.

F7 Mock Exams

Having the knowledge and technical theory behind the F7 Financial Reporting paper is one thing, but taking mock exams and getting feedback from a professional tutor will put you on the right path for success.

Generally speaking, the biggest difference between passing and failing exams is down to practicing technique and getting feedback on how you fared when taking mock exams.

Astranti offer past exam papers for F7 Financial Reporting with marking and detailed feedback to see where you went wrong.

You can find out more about the ACCA mock exam marking and feedback here.

The ACCA also provide plenty of mock exam resources for the F7 Financial Reporting paper here.

ACCA Examiners Guidance

ACCA Study Advice

Understanding the ACCA Examiners report can be beneficial for students who have failed their latest ACCA but it can also be used a preventive measure and analysed before taking any ACCA exam to make sure you don’t fall into the same pitfalls as other students.

ACCA Examiners Report

After each exam sitting the ACCA will release an examiners report for every paper in the qualification. So you will see four examiners report each year per paper.

The document is around four pages long contains two main areas:

  • General comments about exam.
  • Specific comments addressing each question in the same and highlighting the common mistakes made and things that were done well.

It’s a free resource that is provided by the ACCA and the constructive feedback should be taken on board and will go some way into helping you pass your next ACCA exam.

General Comments

The general comments will go through how the exam was structured and what types of questions the students could expect.

Below is an extract of the general comments made by the ACCA examiner for the F5 Performance Management paper that was sat in June 2016.

In general, performance on Section A of the exam was significantly better than on Section B.

It is a good idea to do this section of the paper first to build your confidence before tackling the written questions. Make sure that you do not spend more than the allotted time on this section of the paper. It is better to move on and then come back at the end if you have time.

These general tips and comments should be noted by students who will be taking the exam next time and it’s a good idea to print out or open a copy of the exam paper in question so you can align the exam paper against the examiners report.

Specific Comments

To pass the ACCA examinations, it’s beneficial to really understand why previous students went wrong and not make the same mistakes. The specific comments section on the exam report is a great to do this.

The example below shows the F5 Performance Management paper from June 2016 and addresses question 1 on section b.

Section B Question One

This was a variance question examining the area of sales planning and operational variances (market size and market share). Part (a) was calculative and part (b) was discursive.

This question was poorly answered. For part (a) it was necessary to first of all work out the revised sales quantities and the standard contributions for both products. This probably wouldn’t have been a huge problem but many candidates didn’t appear to know that these variances are a breakdown of the sales volume variance and instead worked out planning and operational variances for price. Others, that did know this, used actual contribution rather than standard contribution.

As you can see, the examiner points out that this question was poorly answered by many students and gives the reasons why students made mistake on the variance question.

By going back to the question paper, answering the question yourself and then aligning it with the examiners report you will be in a good position to pass similar questions when sitting the exam yourself.

You can find the examiners guides on the ACCA  F5 Performance Management paper here. And the full list of examiners reports can be found under each paper on the ACCA website.

F6 Taxation

ACCA F6 Exam Tips

The ACCA F6 Taxation paper comes in different formats depending in which region you are studying, this is down to the different taxation rules that apply in different countries so be sure to check which location you are selecting when getting your study materials and entering the exam.

For example, based on the UK tax system, below are the areas of the syllabus you will cover when sitting the F6 paper.

  1. The UK tax system and it’s administration
  2. Income tax and liabilities
  3. Chargeable gains for individuals
  4. Inheritance tax
  5. Corporation tax

You can find the full F6 syllabus and study guide from ACCA here.

Free Online ACCA Study Texts

For those students who register with Astranti, you can access the free online version of the F6 Taxation study text here.

Astranti offer members their free study texts for ALL levels of the ACCA and it’s a great way to compliment your exisiting study materials or to use them as a base for your ACCA studies.

How to pass the ACCA F6 exam

ACCA and BPP have put their heads together and produced an excellent video series on how to pass ACCA exams. The below video goes the F6 Taxation paper and gives your tips and techniques on how to the pass first time.

A very useful video for those sitting the exam for the first time.

ACCA Master Classes

ACCA students who do not have the benefit of classroom tuition with one of the big learning providers will benefit from the Astranti ACCA Masterclasses.

It’s a great revision tool that covers the whole syllabus area of the F6 paper and gives you the tools you need to be able to answer the questions on exam day. You will also pick up invaluable tips on how to approach the exam and pick up the easy marks.

You can find out more information about the ACCA Live Online Masterclasses here.

The masterclasses are spread over two days and will contain over 10 hours of learning material.

Here is what you can expect:

  • The specialist ACCA tutor will guide you through the most examinable topics.
  • There is a specific focus on difficult past questions ensuring you are ready for whatever the exam has in store.
  • It will include how to improve your exam technique, which can score you those all important extra marks in the exam.
  • Interactive questions and answers session with the tutor.

F6 Mock Exams

As always, mock exams are the perfect way to prepare for any exam and the ACCA F6 taxation paper is no different.

Generally speaking, the biggest difference between passing and failing exams is down to practicing technique and getting feedback on how you fared when taking mock exams.

Astranti offer past exam papers for F6 Taxation with marking and detailed feedback to see where you went wrong.

You can find out more about the ACCA mock exam marking and feedback here.

The ACCA also provide plenty of mock exam resources for the F6 Taxation paper here.

Passing ACCA Exams First Time

Passing your ACCA exams first time needn’t be as tough as you imagine. With the right preparation, study materials and revision behind you then there is no reason to achieve top marks in your next exam.

The December 2016 ACCA exam sittings are rapidly approaching and students who are taking exams then should be well on their way with question practice and looking to cement the knowledge they have already learnt.

You can find details below of ACCA revision classes that are scheduled just before the December exam sittings. It’s the perfect timing to confirm the knowledge you have already gained and be EXAM READY and pass first time.

ACCA December 2016 Exam Schedule

The exams begin on Monday 5th December with the F8 Audit and Assurance paper and will conclude on Friday 9th December with the F4 Corporate and Business paper – you can see the full schedule of exam dates below.

ACCA December 2016 Exam Tips

Alternatively you can find the full schedule for 2016 ACCA exams on their website here.

ACCA Revision Master Classes

Having the right study plan is key to passing ACCA exams and the following revision masterclasses are timed perfectly for those students sitting exams in September.

The two day classes are live sessions hosted by a qualified tutor and are packed full of tips on how to pass ACCA papers.

The master classes are available on all ACCA skills, essentials and options papers ranging from F5 all the way to P7. Find the paper you are sitting below and follow the link to find out more information on the master classes.

ACCA Skills Exams

F5 Performance Management

F6 Taxation

F7 Financial Reporting

F8 Audit and Assurance

F9 Financial Management

ACCA Essentials Exams

P1 Governance, Risk and Ethics

P2 Corporate Reporting

P3 Business Analysis

ACCA Options Exams

P4 Advanced Financial Management

P5 Advanced Performance Management

P6 Advanced Taxation

P7 Advanced Audit and Assurance