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)
  • Auditing
  • Finance
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.

5 Differences between Paper Exam and CBE You Can't Miss

5 Differences between Paper Exam and CBE You Can’t Miss

ACCA Computer-based questions are all pulled from a question bank pre-generated by a group of professional writers. The question set is inspected multiple times before being distributed among the examinee. Additionally, each question set of CBE might differ from one another, which means when you sit for CBE, your question set might differ from another person’s question set who is taking the CBE at the same time as you are.

Unlike computer-based questions, paper-based questions will be similar from one examinee to another. Besides, there are considerable differences between CBE and paper-based exams. Following are the 5 Significant Differences

1. Section A (Objective Test Questions)

Starting from the first section of questions, the CBE will have multiple types of objective questions called Objective test (OT) questions. OT questions in CBE will have multiple choice questions, multiple response questions, fill in the blanks, drag and drop questions, drop-down lists, hot spot, and desirable area questions.
If you have never faced such kinds of questions, you might wonder what these questions mean.

Well, here is an explanation.

The multiple-choice questions will have one question and a few answer options, among which you will have to pick one. Multiple-choice questions are also present in the paper-based question set.

Likewise, OT questions will also have multiple response questions, which means you will be provided with a question with various options, and you will have to pick more than one option as your answer. Additionally, while answering CBE objective questions, be careful. There is no hard and fast rule that you must choose your answer; however, not choosing any will completely deduct your marks for that particular question.

You will have to fill the blank space for the third type of question by typing your answer. This question type is fill-in-the-blanks.

Next is a drag and drop question type where you have to drag your answer or answers to the question asked.

Similarly, for the drop-down list question type, you will be provided with multiple possible answers in a drop-down list, and you have to select the correct one from the list.

Next is the hot spot question type, where there will be a box in an image. You have to pick an answer and fill that box with your answer.

The last question type is called the hot area. Here the boxes will be filled already, and you will have to identify if the answers are placed correctly or not and then re-arrange.

As mentioned earlier, the paper-based questions will have only one type of objective question: multiple-choice questions.

2. Section B (Objective Test Case Questions)

Objective Test Case Questions will have 15 questions equally divided into three cases. All these questions will be marked independently of one another, and in case of a wrong answer, you get zero marks. Talking about paper-based questions, just like in section A, section B of the paper-based questions will only have multiple-choice questions.

3. Section C (Constructed Response Questions)

For this section, both CBE and paper-based question set is similar. ACCA provides a list of picked formulas for the examinee to use. You can solve the questions in the spreadsheet and other word processing tools using those formulas. Generally, the procedures will have the formulas of the log, power, sum, count, square root, average, and round.

4. Number of timeslots in each exam session

As an examinee, you have two options, one in the morning and the other in the evening. There is no particular benefit in choosing one option over the other. You can select the right time to give your exam as you wish. However, in the paper-based exam, you need to strictly be present at the given time.

5. Exam Duration

For CBE, the exam goes on for 3 hours; however, the paper-based exam is only for 3 hours 15 minutes. This exam duration was updated in 2019 after ACCA declared no need for seeded questions anymore. Before, the exam duration for CBE used to be 3 hours and 20 minutes. So, Seeded question? What were they? And why were they removed?

6. ACCA Seeded Questions

Seeded questions refer to those questions which were asked yet not marked like other questions in the CBE before June 2019. The computer is used to distribute seeded questions along with the usual questions without letting the examinees know if the questions are seeded.
As mentioned above, ACCA conducts CBE in two different time slots and multiple venues. Hence ACCA developed the idea of seeded questions to confirm the security and maintain the standard of exams.
Moreover, after the announcement to terminate seeded CBE questions, ACCA no longer includes seeded questions in the CBE question set. Likewise, ACCA informed about this after it was confident it delivered the same level of exam planning, justice, efficiency, and outcomes even after excluding seeded questions.

MBA after Completing ACCA

MBA after Completing ACCA Study in Nepal

MBA is one of the most popular terms that you can hear among graduates when asked about what they plan to study next. This particular course is not just popular among business graduates, but even science and arts graduates are interested in pursuing it for further studies. So, why are graduates worldwide interested in enrolling themselves in an MBA course? Is MBA worth it, MBA after ACCA, or is it just another trend? Let’s find out by understanding what MBA is and what makes it so remarkable? 

What is an MBA degree?

MBA (Masters in business administration) is a graduate-level course offered in business schools worldwide. The course concentrates on core enterprise administration and other business-related modules such as accounts, human resources, business laws, finance, organizational behavior, marketing, economics, business strategy, statistics, entrepreneurship, etc. All these modules instruct regarding the most crucial things to be understood in a business organization. However, just the modules are not the only thing one shall be benefited from once they enroll in the program. MBA is more than just a course but an opportunity for you to build your interpersonal crafts such as good communication skills, collaboration, constructive feedback, comforting, Conflict management, and others. It can also allow you to link with individuals and create a lifelong network with like-minded people who can give you real career benefits. 

What is an ACCA degree?

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. The entire syllabus consists of three levels: Applied Knowledge, Applied Skills, and Strategic Professional. Its completion usually takes three years to learn and sit for 13 exams. After completing the exam successfully, you will know as an ACCA member. More than 200,000 ACCA members are already unlocking their opportunities to work in any sector.

Is MBA worth after ACCA? When should you choose MBA?

Before we conclude when to take an MBA and if it is the right fit for you, it is vital to analyze the following aspects:

1) The difference between MBA and ACCA:

Students can complete their MBA courses within two years. At the same time, ACCA will take you around three years of duration to complete. The duration of an MBA can vary from one institution to another. However, one institution only issued ACCA certification, i.e., the Association of Chartered Certified Accountants. ACCA requires you to do a registration which costs you £89, and you will also have to pay £116 annually. Besides, MBA costs you around £27,500 to £87,900.

2) What value MBA can add if you already are an ACCA member:

The ACCA degree is much more inclined to make you more educated about accounts, finance, taxation, and auditing. However, MBA is more about how a business works and what terminology is used in an enterprise. MBA helps you build a strong foundation of business basics, and ACCA concentrates on the accounting aspect.

Hence if you want to learn about organizational behavior, how to manage people, whom to collaborate with, and more MBA can be the best choice to make. 

3) How can you grow your business career, or what organizational benefits can it give you?

You can blend the learning of ACCA and MBA to boost your knowledge in accounting, leadership, and organizational responsibilities. The ACCA program focuses more on the accounting side, which gives you a broader sense of understanding of accounting qualifications. At the same time, an MBA degree provides certainty in business management, administration, and marketing. Now, you might wonder what shift it can make in your career whatsoever. An ACCA after MBA will make you happy financially, as it can raise your pay by 4.25 to 5 %.

Did you know? Shortly the chances of employability of MBA graduates are going to increase tremendously as 96% of the top companies around the world are planning to hire employees who are MBA graduates. Besides, including an MBA might not just be a job getter for you, but it might also help raise your salary by a good percentage. An average salary of an MBA graduate with a practice of 1-2 years is around $130,000 per annum globally. 

In addition, it’s not just about the salary. MBA can help build a path for you to climb the organization designation one by one. The studies show that your chances of growth at the administrative level at any institution are higher if you have MBA included in your resume due to the solid fundamentals and broad knowledge area.

What to do after Acca? ACCA to MBA

Unlike ACCA, you can pursue MBA in any business school you like. So, how do you enroll yourself for an MBA after completing ACCA? Well, the successful completion of ACCA makes you a member of ACCA. Hence, you will get to relish the advantages of speeding up your MBA program and can complete the whole program within 24 months of duration. Being an ACCA member, there will be exemptions in modules such as accounts and finance for up to 30 credits. Unlike many other MBA graduates, the AACA members are regarded as high-standard professionals. Thus a straightforward application procedure to apply will be enough. Moreover, the members will also be granted a specific discount on their entire MBA expenditure. Besides, the members are also given all the MBA study materials entirely free.

Acca Financial Management

ACCA Advanced Financial Management (AFM)

Study ACCA Advanced Financial Management in Nepal

Financial administration includes arranging, analyzing, coordinating, and controlling the financial exercises of an association including obtainment and usage of the assets. It applies the overall standards of the executives to the financial assets to expand the financial profits of organizations. Advanced Financial Management is a high-level course in Financial Management. The members are expected to have a foundation in administrative money.

Objectives of ACCA AFM course

During the course, there will be change and growth in ideas such as corporate valuation, genuine alternative valuation, financing choices, profits and repurchases, consolidations and acquisitions, corporate rebuilding, and hazards. Every point will be outlined with contextual investigations. The investigations will be produced using the point of view of the leader or the perspective of the investigator. The motivation behind the choice will be to make an incentive for the proprietors. During the course, one will find out the hazard factors going with the choices taken. To that end, the genuine alternative methodology will be utilized.

While taking care of every one of the themes consideration will be paid to the worldwide setting of the financial what’s more, venture choices taken. Examination of the unique issues by applying the general ideas of financial administration in developing business sectors are done.

ACCA Advanced Financial Management Syllabus

The Advanced Financial Management (AFM) test creates upon the center financial administration information and abilities canvassed in the Financial Management schedule and sets you up to prompt administration as well as customers on complex key financial administration issues confronting an association. The prospectus begins by investigating the job and obligation of a senior leader or counselor in gathering contending necessities of partners inside the business climate of multinationals. The schedule then reconsiders speculation and financing choices, with the accentuation moving towards the essential outcomes of settling on such choices in a homegrown, just as global, setting. You are then expected to grow further warning abilities in arranging key acquisitions and consolidations and corporate re-associations.

There are 5 segments in the prospectus, which are

  1. Role of a senior financial adviser in the multinational organization.

Clarify and assess the job and duty of the senior financial chief or consultant in gathering clashing necessities of partners and perceive the job of worldwide financial organizations in the financial administration of multinationals.

  1. Advanced investment appraisal

Assess potential venture choices and evaluating their financial and vital outcomes, both locally and globally.

  1. Acquisition and mergers.

Survey and plan acquisitions and consolidations as an elective development technique.

  1. Corporate reconstruction and re-organization.

Assess and prompt on option corporate re-association systems.

  1. Treasury and advanced risk management strategies.

Apply and assess elective progressed depository and danger the board methods.

Exam Structure of ACCA AFM

This exam possesses a total time of 3 hours and 15 minutes in which the questions are divided into 2 groups:- Group A and Group B.

Group A will solely be of 50 marks, which will contain four professional marks in which you are required to assemble a business document, for example, a report or an instructions paper for the governing body.

Group B comprises of two obligatory 25 marks questions. All the questions from this group will be scenario-based and contain a fusion of calculation and narrative marks.

career in finance

Build a Rewarding Career in Finance with ACCA

Association of Chartered Certified Accountants

The Association of Chartered Certified Accountants (ACCA) Institute, a global professional accounting body, formed in 1904 offers the Chartered Certified Accountant qualification.

It operates through a chain of over 104 offices and centers in 52 countries

Why Study ACCA?

The ACCA Qualification is a very comprehensive qualification, syllabus covering almost all the subjects in the discipline of accountancy and management such as taxation, auditing, law, business studies, professional and ethical issues, management accounting, financial management, and financial reporting.

The qualification is designed to provide a wide range of skills to the students and to ensure that the members are equipped with all the competencies required to work in a wide range of organizations and in a wide variety of job roles.

Benefits of the Qualification:

  1. Gives the student the opportunity to become a Charactered Accountant professional, in a variety of organizations; finance, management, or any sort of enterprise. It has flexible career options.
  2. It has a flexible course giving students the option to work while they study, they also can strike a good balance between study and work. Some exams can be taken in demand, therefore, having the flexibility to progress at your own place.
  3. ACCA qualification has strong recognition all over the globe from educational institutes to the United Nations, thus, qualified professionals can work all over the world.
  4. ACCA professionals are in high demand, enterprise requires accounting professionals who understand the financial needs as well as who can evaluate and purpose business solutions, ACCA is designed to equip with such necessary skills and knowledge, which increases the carrier prospects.
  5. Since it is one most respected and globally recognized qualifications, ACCA qualified professionals can work in up to 180 countries.
  6. ACCA doesn’t make its members familiar only with financial knowledge but also builds their personality for real-life business prospects.

Besides the above reason, here is some reason why many people are signing up for the ACCA.

Supported by Quality Tuition:

The ACCA program provides you a network of learning partners to assist and guide you. With the option to study full-time or part-time, in a classroom or online, you can find tuition that suits your needs.

Face-to-face: With an Approved Learning Partner, you can apply for full-time, part-time courses. This is a great way to learn and also meet other ACCA students.

Online: This gives you the flexibility to learn anywhere or at a pace that’s right for you. You can study at times that work for your schedule. It could be a good option if you’re studying having a full-time job.

Blended: It is a combination of both types of learning. It gives you even more flexibility in studying, grasping the benefits of online study, also having a face-to-face session with a qualified tutor.

Stand Out to the Best Employers:

Employers across the world hunt trained ACCA professionals. Following are some qualities that ACCA members build and stand out to the best employers.

– It’s a tough market, professional needs something extra, ACCA stands you out, ACCA members have the skills and expertise that pure degree won’t give.

– ACCA Members have a well-balanced view of the business, not just knowledge of financial statements and auditors.

– They can look into management information and help to spot trends

– It shows they have the desire and ability to work

– It is very established in the market as an international degree

– Members will be trained in technical skills, strategic and analytical thinking.

Join Our Global Network

Members can do the following things after joining ACCA.

-Can meet valuable contacts at networking events.

-Can chat to students on Acca virtual learning COMMUNITY.

-Can be part of a network of over 200000 members.

After you become a member, you can connect with thousands of finance experts across the globe, helping you build a strong skilled network in today’s rapidly changing business world.

Get the Support You Need to Succeed:

Members will get access to their ACCA’S free, dedicated resources and materials on their website. Its 24-hour support service is available whenever you wish it, officials answer queries or to offer recommendations to students.

Be Part of the Organisation that Thinks Ahead:

ACCA is part of the movement to drive drastic change in the accountancy sector, advising, regulators and the government’s multinational companies and huge business.

In addition to it, ACCA members around the globe will be able to push an agenda with transparency helping shape the future of business and accountancy.

Recognition:

ACCA or Association of Chartered Certified Accountants is a global professional membership body for chartered certified accountants.

UK government officially recognizes ACCA as a Recognized Supervisory Body (RSB), similarly, the International Federation of Accountants (IFAC) also recognizes ACCA.

With such recognition and ACCA’s long term partnerships, members are guaranteed to be able to work internationally in corporations ranging from accounting, banking, consulting, finance, audit, and business management.

The hardest ACCA papers

The good aspect of tips for ACCA exams is that you can take multiple attempts to pass. Diplomatically, all the papers are difficult if enough practice is not done. The hardness of the ACCA paper highly subjective, however, below are some of the hardest papers.

  • F6 (UK Taxation) and P6 (Advanced Taxation)

F6 (UK Taxation) and P6 (Advanced Taxation) are quite difficult because it covers topics that require composure of mind and quick analysis of the question before answering. Even if you understand the question the way it is structured could make attendees write much more than the time limit and likely to end up with an unfinished exam. Globally, it has the lowest pass score i.e. 38% and 36% (as of 2016)

  • Advanced Performance Management (formerly P5)

Advanced Performance Management has the lowest global pass compared to other  ACCA papers (33% as of 2020). Every year, students make similar mistakes ending up failing the test.

Some students can pass the paper for the first time without trying too much, while others take it a few times. It depends a lot on your aptitude and interest in the various subjects. Find what your final career goal is and study hard for it.

business and technology

Business and Technology

The Business and Technology BT is a key foundation level subject that students need to complete on their journey to becoming ACCA. It is a Computer Based Examination CBE in which students can appear at any time of the year after ample preparation. The ACCA Business and Technology exam is a necessary requisite to moving further towards completion of ACCA and entry into Applied Skill Level.

The subject is an introductory course to introduce ACCA aspirants of non-business faculties to organizations and various important aspects. Further, the subject is equally important to other students as it introduces key faculties of organization required in later courses like SBL.

Aim of ACCA Business and Technology Syllabus

The Business and Technology BT was previously known as Accountant in Business AB or F1 paper. Despite the name change, the course has no addition or removal of contents in it from September 2019. The syllabus aims remain the same as well and its focus is primarily aimed towards introducing students to business, its environment, and the effects resulting from these on business structures.

Further, the course imparts knowledge of accounting and other key operations of the business that are important to the efficient, ethical, and effective management of people, business systems, and the business itself.

ACCA Business and Technology Exam Format

BT paper is a CBE exam taken at the center of student’s choice. Students need to prepare amply and check with the local ACCA-approved CBE Centre like Seed Financial Academy and choose a date to appear for the Acca exam. Student’s comprehension of the ACCA Business and Technology syllabus tested in a two-hour long exam format. The computer exam consists of two sections A and B. Section A consists of 30 two marks and 16 one marks objective questions.

The latter half of the question paper consists of 6 four mark questions designed to test student’s multi-tasking ability on basis of six key sections of the course. Students need to gain at least 50 percent marks to clear the subject

Capabilities imparted to students

Subsequent to completion of the business and Technology BT course students are expected to gain the following skills and knowledge.

  • Recognize types and purpose of businesses along with its method of interaction towards the environment and important stakeholders.
  • Comprehend organization structures, its function along with role of corporate governance.
  • Identify accountancy and audit’s role in communication, report and assurance of financial information, effective compliance, internal control of financial, and other data through knowledge of functions, systems, and new accounting tools.
  • Know about the principles of leadership and authority.
  • Understand recruitment, management, motivation, and development of team and individual.
  • Realize the significance relating to personal effectiveness for the effective operation of team and organization.
  • Grasp the need of complying with professional ethics and values while conducting business and finance activity. Further, students need to understand that they must adhere to all ethics and lawful business practices while working in the future.
completing acca audit

Completing ACCA Audit and Assurance Exam

How to pass the Audit and Assurance paper?

It is a question that has no easy answer. The ACCA F8 exam or Audit and Assurance AA is considered the toughest paper to appear in Applied Skill. The mandatory Audit and Assurance is frowned upon by prospective ACCA’s out of fear, disappointment, previous students’ account, and more. However, accounts of people and the ratio of pass students should not deter you because there are several accounts of students passing it in their first attempt. Despite, demanding nature of it can be cleared with ease through the correct approach of materials and ample practice.

Introduction to Audit and Assurance AA

The Audit and Assurance AA carries knowledge from Accounting in Business AB studied during the Foundation Level along with a parallel paper Financial Reporting FR. The students appearing AA paper require a sound knowledge of the aforementioned paper for smooth comprehension of the subject matter. The paper syllabus aims to impart the knowledge of five key elements required from the students in real-world scenarios. The first element of the paper imparts knowledge relating to assurance engagements statuary audit, legal framework, governance, and framework related to audit and assurance. The subsequent element introduces planning the audit and performing a risk assessment.

Latter elements involve knowledge related to audit evidence, audit control, internal audit, internal controls, and financial statements review. The final portion seeks to teach final review of the report along with the need of including form and portions of the independent auditor’s report.

The ACCA F8 exam is a full hundred marks examination comprising of two sections. Section A of the paper is 30 marks objective section with a total of three 10 marks case. Each case consists of five 2 marks questions under its belt. The second section or Section B of the examination comprises two 20 marks questions and one 30 mark question.

How to pass Acca Academy Audit and Assurance paper

Audit and Assurance ACCA book consists of the tips, knowledge, and framework to approach the questions. However, students must be careful the books they subscribe to come from ACCA Approved Content Providers – as such providers rigorously follow the ACCA syllabus, Acca college in Nepal and their books receive regular updates. Further, subscribing to a book does not guarantee success in the examination, as an ample amount of practice and right method is required to excelling on the paper. Make sure you take the following advice for tackling F8 paper

  • Join a Gold Standard ACCA Approved Learning Partner like SEED Financial Academy for expert guidance and valuable exam techniques to approach Audit and Assurance paper. Teachers with experience can help grasp the techniques and contents easily than figuring it out individually.
  • Revisiting and grasping important financial reporting and audit concepts studied in FR and AB paper is essential to understanding the AA course material. Students need a sound understanding of previous materials to tackle this paper.
  • Revision of the questions time and again can help approach the questions easily on Acca exam day.
acca in nepal

ACCA in Nepal: A brilliant career choice after your plus 2

 

ACCA in Nepal is a prestigious chartered accountancy course of British origins on offer to students after completion of their plus two. It is a brilliant career choice with international recognition, stable income, flexible career choice, and professional acknowledgment. ACCA is a globally sought after qualification by millions of high school students like plus 2 students of Nepal for leaping forward with their professional lives. It stands out as a great career choice for people wishing to expand beyond the horizon and swiftly grab career opportunities in any corner of the world. Choose to be a professional and dynamic prospect professional sector of your choice with ACCA in Nepal.

Why choose ACCA?

ACCA is the largest association of chartered Accountants in the world. ACCA in Nepal is part of the bigger global network which maintains its presence in over 180 countries. With over 227,000 members and 544,000 students, ACCA body headquartered in the UK commands trust, respect, and recognition from Governments, Multinational Companies, Non-Governmental Organizations, and prestigious accounting bodies. ACCA is a dynamic career pathway with a choice to opt for a future in a range of industries and countries of student’s selection for a successful life upon its completion.

Why choose to study ACCA in Kathmandu or even inside Nepal?

acca in kathmanduThe Nepali market has other chartered accountancy like ICAI from India and ICAN from Nepal – so what makes ACCA better over them. The plus two students need to realize all chartered accountancy programs are amazing qualifications in their respective rights. However, ACCA carries these edges over previously mentioned programs and several other chartered accountancy across the world:

  • International recognition: The stamp of approval from the European Union, United Nations, and various Inter-Governmental organizations exhibits the status of ACCA qualification on a global level. Further, the joint examination ACCA conducts in Caribbean Nations, United Arab Emirates (UAE), and Singapore – allows students from any countries to practice in their borders if they have completed the respective papers of these countries. The students with ACCA qualification can choose to work in Nepal or any 180 other countries of their choice with global version paper offered during exams.
  • Flexible career choice: Best ACCA College in Nepal may be a tough find but not the career choices in ACCA. We share it with the experience of our faculty and students at SEED Financial Academy. ACCA graduates can choose to be work in taxation, auditing, finance, business management, banking, insurance, and countless other business-related sectors of their choice.
  • Professional acknowledgment: The rigorously designed scientific course material and practical problem-solving skills blended in the course materials ensure every ACCA is right for the job. The ACCA’s command workplace authority and acknowledgment throughout the world due to the rigorous test of Practical Experience Requirement and 14 examinations papers that prepare ACCA’s for actual-world problems.
  • Stable income: Students may feel like the ACCA institute in Kathmandu is fanning out ACCA benefits like every other course in Nepal for their gains. However, it is far from the truth, the base salary of an ACCA Member starts from 20,000 and can go up to 90,000 depending on the organization along with individual ACCA’s personal experience. The salary level for starting ACCA in UAE range from 4000 to 9000 AED. The yearly salary packages for final year ACCA students stand at 30,000 British Pounds in the UK.

Where can plus 2 students find more information on ACCA?

If you are looking for information on ACCA in Kathmandu or ACCA in Nepal, then SEED Financial Academy is the Best ACCA College in Nepal for your guide. Visit the Seed Financial Academy, one of the premier ACCA institutes in Kathmandu’s Dillibazar for added information on pre-requisites, course structure, detailed career guide, and more.