MA1 Management Information

MA1 Management Information

Overview on MA1 Management

MA1 Management Information seeks to increase a candidate’s knowledge, comprehension, and capacity to provide fundamental management information to support management in planning and decision-making within an organization. It is intended to provide candidates with the knowledge of fundamental cost data needed for management accounting. The course is created to introduce candidates to fundamental costing principles and procedures and the tools needed to apply them. The chapter begins by introducing business organizations and the managerial accountant’s specialized positions within those companies. To ensure that cost information is appropriately precise basic cost recording procedures are incorporated along the way, along with cost categories, identifying information sources, and coding. An introductory management information presentation employing tools and techniques is also created to give total management assistance.

Candidates should be able to educate themselves about the following through this paper

  • Describe the characteristics and objectives of cost and management accounting.
  • In a costing system, locate the source documents and properly code the data.
  • Sort costs based on their type, behaviour, and purpose.
  • Keep track of your expenses, labour, and material costs.
  • Utilize spreadsheets in Excel.

Syllabus

The Nature and Purpose of Cost and Management Accounting

  • Nature of business organization and the accounting systems
  • Nature and purpose of management information

Source Documents and Coding

  • Sources of information
  • Coding system

Cost Classification and Measurement

  • Cost classification and behaviour
  • Cost units, cost centres, profit centres, and investment centres

Recording Costs

  • Accounting for materials
  • Accounting for labour
  • Accounting for other expenses
  • Accounting for product costs

Spreadsheets

  • Spreadsheets overview
  • Creating and using spreadsheets
  • Presenting and printing spreadsheet data/information

Analyzing Examining Team Reports

An important study resource you might want to consider is the examiners’ reports. Read them to find out how to prevent frequent exam blunders that students make. The guiding articles and video outline the overall strategy for the course and the exam and offer advice on how to perform better on the test.

How do Practice Examinations Aid in Exam Preparation?

Practice Tests are a dynamic study that imitates the structure of all tests offered as on-demand computer-based exams (CBEs). Before you take an exam, you can consider taking a mock test, they will assist you in determining your strengths and shortcomings. Practice tests will provide insight into the experience of taking an actual exam and give you performance feedback. Following the test, you will be given a personalized feedback flowchart outlining your performance on the various syllabus topics.

Practice Exams are an Excellent Way to Aid with the Review.

They are created to the same high standards of quality as real exams and will provide you with the following:

  • a fair assessment of your performance
  • A customized feedback flowchart to assist you in organizing and focusing your last review activity experience of the exam environment so you are prepared for a real exam.
  • Practice exams are instantly accessible online at any time and should be used once you’ve gone over the entire course.

How can I Get my Practice Sets?

You can get your practice sets through my ACCA and purchase them. You can either choose to purchase a single test or a group of three tests.

About the Specimens for the MA1 Computer-based Exam (CBE)

All sample exam questions and solutions are protected by ACCA’s copyright and may only be used by instructors and students to help them prepare for ACCA exams. Without obtaining the express authorization of ACCA, they cannot be published in any format (paper or digital), nor can they be sold for a profit. Additionally, no other institutions or awarding bodies may use them whole or in part as exams.

ACCA Rulebook 2022

ACCA Rulebook 2022

What is ACCA Rulebook?

The ACCA Rulebook is the ultimate source for information on ACCA bylaws, rules, and the Code of Ethics and Conduct. This Rulebook is an essential resource for all ACCA members, students, and businesses because it consists of everything ACCA covers and relates to. This book covers multiple things such as the Royal Charter, bylaws, council regulations, regulations, and the code of ethics and conduct. All new members and students must sign a statement promising to abide by the ACCA’s rules and code of ethics and conduct, governed by the organization’s royal charter and bylaws, to assure the involvement agreement. Regular updates are made to the Rulebook to reflect changes in regulations and requirements for new policies. The most recent edition of the Rulebook was published in 2022, which gives a summary of revisions to Rulebook sections.

Three sections of the ACCA Rulebook

Section 1: It includes the Royal Charter, By-laws, and Council Regulations

The Royal Charter, which Her Majesty Queen Elizabeth II granted to ACCA on November 25, 1974, and the bylaws, define how the association is governed. In addition, the section also describes the responsibilities of its members, including the council.

Section 2: It includes the Regulations covering membership of ACCA, practising and licensing arrangements, and regulatory and disciplinary matters

The Regulations have practice arrangements, regulatory and disciplinary problems, and other crucial information for members, students (including affiliates), and firms.

Section 3: It includes the Code of Ethics and Conduct

The International Ethics Standards Board for Accountants (IESBA) released the International Code of Ethics for Professional Accountants containing International Independence Standards in April 2018, approved by ACCA.

As previously revealed, several modifications were made to this Rulebook’s sections in 2022. Let’s examine those modifications in brief below; however, to know more about the improvements in detail, please check out ACCA Rulebook changes 2022.

1. On December 31, 2021, the ACCA ceased to govern non-contentious probate and stopped regulating persons and businesses. The ACCA’s departure from probate regulation is put into effect by changes to Annex 1 and Appendix 4 of the GPRs, which also address issues with regulatory gaps brought up by the Legal Services Board.

2. Regulation 2 of Annex 1 has been modified to delete or change definitions about the restricted legal activity. The limitations on people and businesses engaging in reserved legal activities in England and Wales are altered by changes to Regulation 4(2)(b) of Annex 1, which also fills in regulatory gaps. Individuals and firms that wish to carry on reserved legal activities in England and Wales, or to be held out as available to carry on such activities, must hold authorization from an approved regulator.
3. Regulation 5 of Annex 1 has been modified to remove the prerequisites for engaging in a reserved legal activity in England and Wales that were previously outlined in Regulation 5 (3). Previously found in Appendix 4 of Annex 1, the Legal Activities Regulations 2018 have been deleted.

4. Amendments to Regulations 2, 5, 6, and 9 of Annex 5 to the GPRs implement new requirements for ACCA members who are currently registered or wish to register as tax practitioners in South Africa. Regulation 5(a) implements a new general eligibility requirement for ACCA members in relation to their fitness and propriety to be registered tax practitioner. Beginning on June 1, 2022, ACCA members must notify ACCA of their status as being free of criminal convictions.

5.New CPD requirements for qualified tax practitioners have been implemented through amendments to Regulation 6. Starting on June 1, 2022, registered tax practitioners must complete a minimum of 18 hours of verified CPD annually, divided into 10 hours of tax-related learning, 2 hours of ethical development, and 6 hours of service-related learning. Before, registered tax professionals had to complete 15 units of tax-related CPD annually, at least 9 of which had to be verifiable.

Policy decisions, legal changes, and the demands of lead regulators or standards-setting organizations are the main causes of revisions to the ACCA Rulebook. Therefore, it is important for all ACCA members, students, and other parties subject to its provisions to ensure they are familiar with them.

Current Employment Trends in the Field of Accounting

Employment Trends in the Field of Accounting

What Are the Current Employment Trends in the Field of Accounting?

Employers are looking for accountants with various talents to stay up with the evolving accounting landscape. Accounting is no longer just about creating financial statements, and tax returns as more transactional activities are automated. Accountants who want to succeed need to know how to use technology, comprehend data analytics, and interact with clients well. Multiple factors affecting the labour market, regional economy, and global economy affect employment trends. Broader accounting employment patterns are influenced by several variables impacting the local, national, and international economy and the labour market. Zooming in on the sector, the shifts in the finance and accounting industries have an impact on the employment trends for accountants, particularly for ACCA (Association of Chartered Certified Accountants) members. Changes in the accounting and financial industries impact ACCA employment patterns.

Some of the Current Employment Trends in the Field of Accounting:

  1. Taxation
  2. Technology
  3. Hiring
  4. Remote work
  5. Flexibility

1. Taxation

Regarding job opportunities expansion, taxation will be another active area of significance. A significant shift in how people view taxes and the role of the government in reducing the incidence of tax evasion and tax avoidance has occurred during the last three to four years. Since the Panama Papers were made public in 2016, there has been a shift in how tax management and money laundering are perceived. Many nations’ laws and compliance standards have undergone significant modification. Many countries amended and implemented asset declaration regulations, which affected taxation. Due to the factors mentioned above, tax managers have had a higher demand, and their typical salaries have climbed by about 6.7 % since 2018.

2. Technology

The accounting sector can anticipate more automated tasks due to the ongoing advancement and evolution of technology. Another sign that automation won’t be slowing down is the increase in accounting software for small and large firms. The employment of advanced robots and artificial intelligence, which blur the distinction between the digital and physical worlds, is welcomed as a crucial component of this industrial revolution. The corporate and global economies have seen significant changes due to these technological breakthroughs. According to the 2019 Robert Half Salary Guide, 38% of UK businesses think digitization will be a substantial transformation in the future workplace. The days of manual bookkeeping and accounting have long since given way to the era of technology. Modern, updated, and digitalized accounting processes have entirely changed. The demand for accounting experts with data analytics and IT security will likely increase shortly, and these positions will also pay more than more conventional job profiles.

3. Hiring

Only a tiny percentage of recruiters avoid using social media to find new hires, while the majority rely on it. It indicates that recruiters are starting to congest the social scene as job seekers like accountants and financial advisors look for employment prospects. You must be distinctive through good social media engagement and responsiveness. It’s probably a good idea to consult with marketing about how to better promote job openings on social media and develop a new hiring strategy that focuses on attracting young, online professionals.

4. Remote work

After the epidemic, many workers have realized the advantages of working from home, including increased productivity and time (and financial) savings on commutes. Employers know these advantages since they may have done much remote work during the past year. Recruiting and keeping highly qualified employees might now be more inclined to permit remote working more frequently, provided it serves the firm’s interests.

5. Flexibility

The outlook for accountant jobs this year includes flexible staffing, which involves using a combination of full-time and interim employees. Temporary employees, contract employees, independent contractors, and casual employees are all included under this general term. According to Robert Half’s Accounting and Finance Salary Guide 2021(link opens in a new window), more than one-third of senior managers indicated they employed flexible staffing to stay adaptable throughout the economic downturn. Without adding to the burden on their full-time workers or budgets, the solution gives companies precisely what they need for the duration of time they need it. Expect to see temporary or contract workers hired to fill accounting, bookkeeping, or Para planner positions now that accounting companies operate remotely.

Conclusion

To sum up, a career in accounting is undoubtedly a wise choice, as per the positive job outlook in the field. With a good accounting course degree, you will be well-qualified for management and senior-level positions and will be in great demand when you enter the job market. Many students get hired by accounting and finance firms even before they finish due to the high demand for accounting degrees like the ACCA, MBA, and MAcc. Learn to advance your accounting profession by considering the abovementioned points, and you are ready to launch your career.

ACCA vs Accounting Degrees- Seed Financial Academy

ACCA vs Accounting Degrees- Seed Financial Academy

Overview on ACCA VS Accounting Degrees

Accounting will always be necessary because it is the basis of every business. Accountants are needed in all industries. On a global basis, it is a vocation that is highly valued-graduates with accounting degrees work as qualified professionals in various fields. Every company needs accounting graduates to function effectively. It is a crucial part of a firm when it comes to managing payroll, audits, and financial administration. Among the many different accounting, types are financial, management, auditing, and tax. ACCA is another new course you might want to be aware of if you are thinking of pursuing your degree in the accounting field. Why? Well, it might be a new term to you, but the scope it carries is vast. How? Let’s find out, shall we?

About ACCA

Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is an international accounting association. This organization shall grant qualifying applicants the degree or certification of Chartered Certified Accountant. With over 300,000 members globally, the ACCA community is very active. The group is dedicated to supporting the diverse ACCA careers of its members. You will have a ton of opportunities with the ACCA certification. If business and finance are your passions, there are several ACCA benefits you may take advantage of. If you have an ACCA degree, you have a greater chance of learning more about accounting, finance, taxation, and auditing. ACCA concentrates more on how businesses function and the terminology they employ. Other accounting degrees like MBA might help you establish a strong foundation in business principles. However, the ACCA concentrates on the accounting side.

Besides accounting, taxation is another important field for ACCA members to think about when choosing a career. The rules governing e-taxation and the government’s role in preventing tax evasion have significantly changed in recent years. Money laundering and tax management have considerably changed regulations and compliance requirements in several nations since the Panama Papers were made public. Additionally, in high demand, tax managers’ average salaries have been rising since 2018. Thus, it can be another field you might want to consider for your profession.

What does an ACCA Degree Consist of?

The ACCA offers a complete bundle of beneficial skill development and rational education to help you manage an enterprise association and a successful organizational career. Additionally, the ACCA degree consists of 3 classes

  1. Applied Knowledge,
  2. Applied Skills, and
  3. Strategic Professional

It typically requires at least 3 years of time duration and 13 examinations to complete all three levels. You will be deemed an ACCA member if you successfully pass the exam. More than 200,000 ACCA members have enabled them to find employment across all industries.

How is it Different from Other Accounting Degrees?

Due to various factors, the ACCA course is distinct and significant in its own right. There are many advantages to the ACCA. As they wish, ACCA graduates can join any accounting firm, and the best thing is that it gives you a career that is always in demand. An ACCA member is regarded as one of the world’s highest-calibre professions. In the case of career prospects, ACCA gives you the following benefits you might not get in any other accounting degree.

  • Career advancement and pay raise
  • An opportunity to work in any industry like business
  • Access to high-quality technical and research materials
  • Opportunities for auditing and accounting
  • Opportunities for online education as ACCA offers the most recent technology advancements
  • Additional accounting credentials from reputable partners

Conclusion

To sum up, ACCA and any other accounting degree will always be necessary because it is the basis of every business. Accountants are needed in all businesses. On a global basis, it is a vocation that is highly valued. Professional accountants are known as accountants. Chartered Accountants are the names given to qualified professionals in various fields. Among the many different accounting, types are financial, management, auditing, and tax. In a number of countries, qualified accountants are granted the title of “certified public accountant” (CPA). Accounting entry-level positions can go all the way up to executive levels. Every company needs accountants to function effectively. It is a crucial part of a firm when it comes to managing payroll, audits, and financial administration.

ACCA 2022 Exam Preparation Guide for Beginners

2022 ACCA Exam Success Guide for Beginners

ACCA 2022 Exam Preparation Guide for Beginners

What is ACCA? The Association of Chartered Certified Accountants (ACCA) Institute, founded in 1904, is the world’s professional accounting organization that awards the title “Chartered Certified Accountant.” ACCA is a rapidly expanding international accounting association with over 200,000 members and 500,000 students in 180 countries.
To become an ACCA in Nepal, you must pass 13 exams, including four computer-based exams, complete a three-year Professional Experience Requirement (PER), and pass the Ethics and Skill Professional Module.

When is the ACCA Exam Held?

ACCA offers four exam sessions every year, in March, June, September, and December, which gives you plenty of flexibility and choice when you take the exams.
June 2022 Exam session

  • Exam entry opening date: 8 February 2022
  • Standard exam entry deadline: 2 May 2022
  • Late exam entry deadline: 9 May 2022
  • Exams will take place between 6-10 June
  • Results will be published on 18 July

September 2022 Exam Session

  • Exam entry opening date:10 May 2022
  • Standard exam entry deadline: 1 August 2022
  • Late exam entry deadline:8 August 2022
  • Exams will take place between 5-9 September
  • Results will be released on 17 October

December 2023 Exam Session

  • Exam entry opening date: 9 August 2022
  • Standard exam entry deadline: 31 October 2022
  • Late exam entry deadline: 7 November 2022
  • Exams will take place between 5-9 December
  • Exam results will be released on 16 January

March 2023 Exam Session

  • Exam entry opening date: 8 November 2022
  • Standard exam entry deadline: 30 January 2023
  • Late exam entry deadline: 6 February 2023
  • Exams will take place between 6-10 March
  • Exam results will be released on 17 April

Some Guides and Tips to Pass ACCA Exams in 2022

Since the exam is just around the corner, these are some of the best tips and directions you can use before, during, and after the exam.

Before Exam

  • Prepare early:
    • Never leave your exam preparation at the last minute.
  • Be up-to-date:
    • Collect all the information regarding the exam and be familiar with the exam structure and syllabus.
  • Revise:
    • Use most of the time on revision and preparation for the exam.
  • Set a preparation plan:
    • Prepare a daily achievable goal and target.
  • Use past papers and questions:
    • Practice from past question papers to get familiar with the question structure and the crucial questions.
  • Don’t stress:
    • Never stress and panic before the exam. Get sound sleep at night and have healthy foods before the exam.

 
During Exam

  • Understand the question correctly:
    • Instead of jumping right into the question, spend some time reading and understanding the questions and problems.
  • Start from easy:
    • Never spend the first hour of your exam on the difficult questions. At first, solve relatively easy questions and later go on to the difficult questions. In this manner, you will be able to manage your time correctly.
  • Give answers to all the questions:
    • Never leave a question unattended. Write at least something you know. If you don’t have enough time to answer the question fully, write down the essential points, so the examiner knows you know the subject. Earning an additional is always beneficial.
  • Follow all the rules and regulations:
    • During exams, never do the things that are prohibited. Doing such acts can get you expelled from the exam centre, and you will automatically fail the exam.

After Exam

  • Review the questions:
    • After the exams, review the questions and find out the areas of error so you can know the mistakes.
  • Get rest:
    • If you have to take other exams, first get some rest and prepare for the other.

These are some tricks and guides you can use to pass ACCA exams. If you have any other tips, you can comment below.

Why Choose Seed Financial for ACCA Study?

Why Choose Seed Financial for ACCA Study?

ACCA is a world-renowned professional accounting association with Chartered Certified Accountant qualifications in more than 50 countries worldwide. The total number of exams you will have to sit for is 13, and you will at least require 3 years for the course completion. The exam is significant if you wish to earn an ACCA membership and join the team of more than 200,000 other ACCA members around the globe.

The course follows a particular syllabus consisting of 3 levels mentioned below:

  1. Applied Knowledge,
  2. Applied Skills, and
  3. Strategic Professional

Is the ACCA Course Even Beneficial?

Absolutely yes, the ACCA course benefits all those inspiring accounting professionals who were seeking a new way to boost their knowledge in accounting, administration, and organizational responsibilities. Let’s have a look at how ACCA can benefit you.

  • Did you know? ACCA can raise your pay by 4.25 to 5 %.
  • The demand for employees in the accounting field will increase hugely as 96% of the top companies around the World are planning to hire employees who are accounting and administration graduates.
  • ACCA can offer you employment opportunities outside your home country with a fantastic pay scale.

About Seed Financial Academy

Seed Financial Academy is the No.1 ACCA Academy in Nepal. It is a CBE centre of ACCA licensed institute that focuses on delivering A 1 educational support, professional guidance, and outstanding output. We aim to provide a remarkable chance for Nepalese students to gain a world-class enterprise education so they won’t have to limit their talent and become a part of the global market. Similarly, the teaching faculty at seeds hold top-notch expertise in ACCA teaching. Each one of the teaching faculty members has above 3 to 10 and more years of professional experience in guiding students with ACCA-related subjects like finance, accounting, and others.

Why choose Seed Financial for ACCA Study?

We offer you multiple reasons to join us, but considering them will make a list too long. So, let’s look at the key points why you should choose seed financial academy for your ACCA study.

  • Seed financial academy is the only ACCA academy in Nepal to provide physical classes, recorded lectures, and online lectures.
  • We constantly produce great results, and our alumni are rank holders in Nepal and the entire World.
  • We offer campus placements through which our students get an extra chance to explore internship and career opportunities.
  • The institute has an excellent infrastructure, a fully furnished library, and well-equipped computer labs for CBE practice.
  • We conduct a regular mock test.
  • Teaching professional experience from 3 years to over 10 years

What else?

Some of the other courses seeds financial academy offers are:

  • BSc.Hons in Applied Accounting
  • Diploma in International Financial Reporting Standards (DipIFR)
  • Diploma in Accounting and Business: Foundation In Accountancy (FIA)

What is Integrated Reporting | SBL exam

The SBL (Strategic Business Leader) exam is a remarkable examination that tests students’ workplace professionalism, technical skills, and ethical practice. Additionally, the SBL exam will check your way of responding to multiple people of different roles requesting various tasks as an accountant. The SBL examination is divided into multiple divisions, one of them being the technical article library. Integrated reporting lies under the technical article library.

A company requires a compact report presenting all the details of business deals over three different terms: short, medium, and long. This close report is called integrated reporting. In addition, the report consists of both financial and non-financial capital information, which impacts the company’s business deals. Besides, there can still be a question in students’ minds about the significance of integrated reporting.

Why is Integrated Reporting Important?

As mentioned above, integrated reporting gives a clear concept of all the components that play an important role in analyzing a company’s overall progress. Besides, some other facts explain the significance of integrated reporting, such as:

  • Provides a clear view of value creation in the company over time to the financial capital providers.
  • Benefits all the stakeholders who want to educate themselves regarding company growth, legislators, regulators, employees, local communities, customers, suppliers, and business partners.
  • Can increase the financial capital provider’s capital allocation for the company.
  • It helps the company visualize terminal goals and plan upcoming actions accordingly.
  • Gives a record of past decisions, profits, and losses.

How do you Write an Integrated Report?

Students might consider Integrated report writing a hectic task; however, writing can be quite easy with proper planning of actions to take. Let’s plan your integrated report writing in the following points. Follow the below-mentioned instructions to create your integrated report.

Teamwork

Integrated report writing covers financial tracking, evaluating, and intercommunicating all financial and non-financial activities. An attempt to do all this by yourself can make you feel burnout. Thus have a team and allocate each team member with a certain topic so that it becomes easy for everyone participating, and the reports might come even more standard and to the point.

Aims and objectives

Always mention the aims and objects of your report at the beginning. The aims and objects shall contain questions regarding your audience, report goals, report key facts, what important topics you have worked upon, and the entire report layout.

Technical brief and policy

Mention a technical report brief where there is an explanation of the questions mentioned in the aims and objectives section. Similarly, you can also include your report’s style, theme, and structure.

Research, research methodology, and information fetched

After completing the technical brief and policy, you should move on to the research and information fetch process. In this section, you do not need to produce your report according to any predesigned guidelines. Instead, you will have to create your process. Although the environmental, social, and governance (ESG) standard is carried out as per the Global Reporting Initiative’s sustainability reporting guidelines, you do not have to follow it for this section.

Report Quality Assurance and Third Party Auditing:

After you complete your research and report writing, the quality assurance shall be carried out by a third party individual so that you become confident enough of your data to consider it reliable and present it to the stakeholders.

Publish your Report

This part shall depend on your instructor’s choice; however, having a hard copy and a digital copy is always safe and convenient.

Organize Meetings with the Stakeholders

Professional supervision and proper feedback are very important after the report creation. Meet with investors, NGOs, and finance professionals and consult about the company’s performance. The meetings will enable you to answer the questions related to different activities carried out during different stages of report preparation. Likewise, you will also know if there are any important topics you missed including in the report and in which section particularly.

What is Integrated Thinking in SBL?

Integrated thinking in SBL is an organization’s reflection on its relationship among the operating and functional divisions. Likewise, integrated thinking also reflects upon the use of capital by the company and its concerns.

Staying Motivated During ACCA Exams

Staying Motivated During ACCA Exams

How do I Stay Motivated to Study for ACCA Exams?

ACCA (Association of Chartered Certified Accountants) is a prominent professional accounting organization that offers Chartered Certified Accountant qualifications to desiring financial professionals worldwide. The ACCA delivers a comprehensive package of rational education and good skill practice, which further helps you have a successful organizational career and handle an enterprise association. Completion of the ACCA course and 13 examinations usually takes 3 years. After completing the exam successfully, you will be recognized as an ACCA member. However, preparing for the ACCA Exam can turn out to be hectic. The pass percentage of ACCA students in some papers is less than 35%.

Stay Motivated During the ACCA Exam?

The below data is not mentioned to scare you but educate you that you are not alone if you feel not motivated enough to study for your ACCA exams. Do not beat yourself up and be discouraged. Instead, perform your plan. Don’t have a plan? It’s fine. We got you covered. ACCA has a lot of topics to be protected, and there is only one way to get it all done ‘a innovative study plan’.

Here is a set of 5 such innovative study plans that can help you this ACCA exam season:

  1. Create an applicable timetable.
  2. Make yourself a handy question bank.
  3. Have a clean, efficient study space.
  4. Are you using all the resources available?
  5. Why don’t you consider group study?

1. Create an applicable timetable

Most of us have tried this. Having a timetable is excellent and can help you become productive but only when you can apply it smoothly. To become effective, we often set tight schedules and inapplicable high goals. Studying for ACCA exams with a tight schedule can be demotivating; hence having a timetable with realistic goals and a consistent approach is more helpful. Adding some break time is always a good idea to overcome boredom and stay motivated.

2. Make yourself a handy question bank.

A handy question bank works best if you want to practice effective learning. Notes are not enough if you’re going to have a clear picture of what possible questions you might be asked in the examination. ACCA can be hectic if you prepare with just notes. Notes provide a clear description of syllabus content, whereas a question bank consists of all the past questions and possible questions. As a result, the question bank also covers all the crucial topics.

3. Have a clean, efficient study space

Yes, you have a clean, efficient study space matters. Why? Well, you cant sit at the dinner table and complain about getting distracted while studying. Create a space where your study materials are in place, the environment is noise-free, and you feel like sitting without any discomfort. When you are in comfort and peace and have a clean, accessible desk, you want to spend time in that particular space, studying or writing. Besides, keep in mind that your preferences might be different from those of others. Watching someone learn while listening to music might pop questions in your head like, “How? I cant learn while listening to music. Why?” It’s wonderful. Do not get influenced by others’ ways; know yourself and find your perfect way of learning.

4. Are you using all the resources available?

How to get the most out of ACCA? No, lectures and books are not the only sources of knowledge and preparation. If you do not want to miss out on anything important, check out all the free resources. There are plenty of study materials available online for ACCA exam preparation, and the best thing is that these resources are free. You can visit the ACCA website and get the most out of it. These resources help you cover the entire syllabus and also ensure enough practice. In this way, utilizing the available study resources will help you with ACCA preparation in the best way possible without wasting any money.

5. Why don’t you consider group study?

Group study? Oh no! I can only study in peace all alone. Group studies often end up as tea parties; I am out. Ok, if you remove the gossiping part, the group study is not alarming. It’s the best way to overcome the problems you have been facing for a long time. Besides, group study can be constructive because it does not only help you with the existing situation but also lets you explore several ways of tackling problems. Your friends might have a different concept, an easier one about a question than yours, so it’s always good to consider other people’s opinions and techniques while solving problems. And what other way to do it better than a group study. In a short period, group study is good if you want to clear concepts or overcome any existing problem. Additionally, the techniques you learn in a group study can be convenient even long term.

Preparatory Course for ACCA Examination

Preparatory Course for ACCA Examination

The ACCA preparatory course is a unique program designed to assist students in preparing for the ACCA examination. Additionally, the preparatory course helps students build a solid foundation in accounts, business analysis, and administration. Besides, it also educates the students about ACCA examination patterns. With proper practice and knowledge from this course, one can gain confidence to perform well on the ACCA Examination. It takes 55 weeks to complete the preparatory course for the ACCA examination. There are 13 papers students shall go through to pass the course successfully.

So where can I take this course? Well, right now, few of the universities in the following countries offer this course:

  • India
  • The United Kingdom,
  • and Canada

How can a Preparatory Course help me with my ACCA Examination?

Studying the preparatory course can help one with the ACCA examination. Some of the benefits as follows:

  • Achieve a better and wide range of job opportunities which helps in career development
  • Better performance in accounting assignments
  • Builds and boosts the fundamental knowledge in several fields like accounts, business analysis, and administration

How to check your admissions eligibility for the preparatory course?

One should fulfil specific requirements to get admission for the preparatory course, like academic qualification, age, and language. For detailed information about admissions and eligibility, read the below-mentioned description:

  1. You must register with the ACCA global organization.
  2. Your education qualification must be a secondary school diploma or equivalent.
  3. You must be 18 years of age.
  4. Language requirements(Only for non-native English speakers)
  5. Must have an overall IELTS band of 5.5 or pass TSoM EAP Level 4
  6. Pass TSoM English Assessment.

What does this program consist of?

This program consists of basically 15 topics under 4 categories which we will view in the table below:

Applied KnowledgeApplied SkillsStrategic Professional (Essentials)Strategic Professional (Optional)
AB Accountant in BusinessLW Corporate and Business LawSBL Strategic Business LeaderAPM Advanced Performance Management
MA Management AccountingPM Performance ManagementSBR Strategic Business ReportingAAA Advanced Audit & Assurance
FA Financial AccountingTX TaxationGovernance, Risks, and Ethics
FR Financial ReportingBusiness Analytics
AA Audit & Assurance
FM Financial Management

Career Paths

ACCA (Association of Chartered Certified Accountants) is one of the world’s most prominent proficient accounting organizations which offers Chartered Certified Accountant qualifications to aspiring financial professionals worldwide. The ACCA delivers a comprehensive package of rational education and good skill practice, which further helps you have a successful organizational career and handle an enterprise association.

After you complete your ACCA certification successfully. You will become an ACCA member. As an ACCA member, you will have several career options, and your salary expectations will also increase. Some of the sectors where you will have opportunities as a qualified ACCA are:

  • Banking
  • Administration
  • Consulting (Tax and more)
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Online ACCA classes vs Physical classes

Online ACCA Classes vs Physical classes

ACCA is one of the courses which offers students both online and physical classes. But there might be questions about which to choose and what might be the right fit for you. The pandemic we all faced is also transforming the education industry from physical to online classes. In the context of Nepal, the ACCA course is slowly growing. Thus, there are limited institutes supporting students with broader options to study. But, before we talk about where you can find opportunities to choose from while taking your ACCA degree, let us discuss classroom and online learning. Classroom learning is more of a traditional approach to learning compared to online classes. The world has been gradually switching to online learning as it is more convenient and inexpensive than classroom learning. Whereas physical classes do not offer students flexibility and other benefits, their popularity is declining.

Now that we have a little knowledge about both of these subjects, let us observe the key differences between them:

DifferencesClassroom learning Online learning
Travelling Travelling can be one of the drawbacks of attending classroom classes as it consumes a lot of your time. Especially if the educational institute you are enrolled in is far from your place, traveling might turn out hectic.Online classes do not require you to travel. Enrolling in online classes will enable you to have flexibility while learning. You can learn from anywhere at any time you want. In addition, Online classes are best when you are residing far away from your education institute.
Socializing Classroom learning provides students with a place to discover like-minded individuals and make a community. Having many friends by yourself can help you with encouragement and assistance while learning.Online learning does not offer you live interactions with other people learning with you simultaneously. You will have to manage to be motivated and help yourself.
Cost   Traditional classroom learning costs you comparable more pricey than online classes. The classroom itself includes a lot of goods the education institute expends. Hence, enrolling in classroom classes will cost you more money.Online learning is usually cheaper than physical classes as there are no infrastructure means involved. Thus, you can get to study for less amount of money.
Quality  A classroom has multiple numbers of students gathered together to study. Therefore, when discussions occur or any other distractions come along, the teacher might not be able to teach correctly. Students can individually determine their pace of learning in online classes, which helps students feel more relaxed while knowing.
PaceMaking friends is great. However, it can sometimes make you feel pressurized. The number of students you are studying with might make you feel overwhelmed and demotivate you. Chances are that you might miss out on important topics.Students can individually determine their pace of learning in online classes which helps students to feel more relaxed while learning.

But where do you get to choose from both classes in Nepal?

Seed financial academy is one of Nepal’s finest education institutes, taking ACCA classes both physically and virtually. Additionally, the institute also provides the option of viewing recorded classes so that the students can go through the lectures as many times as they wish. This will help students never miss out on anything and cover everything taught.

Seed offers a unique platform to its students called SEED E-ACADEMY.The platform lets students interact with teachers and take classes wherever they like. All you have to do to relish this feature is log in to the system. How? Well, there are a few steps you can take:

Step 1: Visit the seed e-academy site on your device.

Step 2: Log in to the system providing two of the credentials’ Username or Email Address and the password.

Step 3: Get Access to the system.