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.

7 tTps for ACCA Examination

7 Tips to Help you for ACCA Examinations | Top ACCA Exam Tips

7 Important Tips for ACCA Exams

We’re here with the 7 tips to help you sail through ACCA Examination but let us understand, what’s in these exams? ACCA Examinations are a tool to prepare ACCA Student with all the necessary skills to produce industry-ready individuals. The scope of the curriculum requires students to employ diligent effort and a smart learning approach. Since ACCA is a rewarding profession, the curriculum is designed to test each and every skill required in the practical world through a theoretical perspective too.

It ensures the industry gets access to the highest quality of professional accountants but it makes appearing ACCA exams difficult even to hardworking and meritorious ACCA Students. The success in ACCA examination is a fruit for deserving and only hardworking few make it despite thousands registering each year. However, the feat is certainly attainable and these 7 tips for ACCA examination will help you sail through ACCA Test.

Here are The 7 Most Important Tips for ACCA Exams

  1. Creating a routine
  2. Registering for exams early
  3. Participate in group study for ACCA examinations
  4. Revising past papers
  5. Evaluating time during practice
  6. Go through technical articles
  7. Join an Approved Learning Partners ALPs

Tips for ACCA Examination: Appearing an exam is not as easy as taking a crack at egg in the morning for a nice breakfast. A dedicated study routine, practice, drive to learn and to tackle questions are part of clearing the hardest ACCA exams. The 7 important Tips for ACCA exams are for those who want to be successful in these examinations on their first go and appear exam in a strategic manner.

  1. Creating a Routine

“Practice makes a man perfect”, quoted Vince Lombardi, a very long time ago. The inevitable truth will still stand correct for any humanoid tasks, crafts, and even ACCA exams until the end of time itself. The students that stand a chance at succeeding in ACCA examinations are one who studies the free materials and premium materials available with myACCA account provided to them. Go through all the material at a set period of the day, every other day before your ACCA examinations. The most important thing about the current tip’s to set a daily and weekly target for completion of materials inside the module. Similarly, setting a day to study a particular module during a particular time of the day or the week – can help ACCA students reach their study goals easily and comprehend every little detail in the module.

  1. Registering for Exams Early

“Early bird catches the worm”, is a proverb that has been in popularity since ages, and ACCA Students need to keep special note of it. Late registration for ACCA examinations are costly, prevent students from preparing amply, and may even stress hem out. On this list – 7 tips will help you sail through the ACCA Exam, the most important of them all the current tips must be the most important tip for ACCA Exams. The success in ACCA examination comes only after hard practice and setting up a routine, if you take an early date, you can make and devise a study routine for the examination. It will help divide the course load into small chunks before your examination and help you prepare for exams way lot easier than rushing through the ACCA materials right after your late registration. Book an earlier date and study through the course work and materials way before the actual exam.

  1. Participate in Group Study for ACCA Examinations

Father James Keller Quoted, “A candle loses nothing by lighting another candle”. Indeed an ACCA student appearing ACCA examination loses nothing by teaching other fellow ACCA students. In fact, there is much to gain from teaching and participating in group studies for ACCA examinations. The students can get answers to questions they find difficult from other students. The students also get an added benefit of revision and memorization by teaching fellow students the questions which they can solve themselves. The studies from Aloysius Wei LunKoh and the team for Applied Cognitive Psychology demonstrated the students who taught what they learned were better able to retrieve information than ones who only revised themselves. The retrieval of information and chance to find answers to the difficult questions makes group study a perfect learning opportunity for success in ACCA examination.

  1. Revising Past Papers of ACCA Test

“Change is the result of all true learning”, is indeed a very useful quote for those reappearing ACCA examinations for a batter grade or going on that second try. The students with prior Computer Based Examinations CBE and Centre Based examination know the importance of revisiting past papers very well. The past papers will help you determine what specifically a particular ACCA examination demands, how to tackle these papers, and the routine you will need to prepare for particularly challenging portions. Download the ACCA past papers from the download section of the ACCA Global website or buy the past papers from ACCA approved publishers.

  1. Evaluating Time During Practice

Time is similar to money because it doesn’t come back once it’s spent. The ACCA examinations are time-based examinations and ACCA students must keep an eye on the clock. Rather than appearing the haphazardly without a knack of time on the actual exam day, students must develop a habit of finding solutions within a set period of time during practice. On the list of 7 tips will help you sail through ACCA Exam, this is another important tip, as the ability to find solutions during a set period will help you manage time efficiently and solve all the questions asked in the exam. The ability to manage time and solve every question in the question paper ensures the chance of acing the ACCA exams to a significantly higher degree.

  1. Go Through Technical Articles

The technical articles from the Examiner on ACCA global are an important resource, the student should not miss while preparing for ACCA exams. While the current tip stands sixth in the 7 important Tips for ACCA exams, it is equally essential because these examiner reports are full of important technical techniques, ACCA exams tip, problem-solving guide, and more for comprehensive details on all the factors inside a given module.

  1. Join an Approved Learning Partners ALPs

While it is a demanding task for professionals who cannot leave their jobs and are indulged in self preparations but it is advised to all the ACCA Students to focus fully on ACCA. The final tip on the 7 tips will help you sail through ACCA is a quintessential and probably the biggest of all the tips on the list. The gains of focusing completely on ACCA and clearing the exams on the first try are much higher. Thus, the students are advised to find and join the nearest ACCA Approved Learning Partners ALPs for detailed classes, mock-up examinations, tailored individual sessions, and thorough preparation. Check the ACCA Global for the nearest ALPs to start your ACCA journey.

Conclusion

Above are the best tips for ACCA examination in Nepal.Read this blog on “7 Tips to Help you for ACCA Examinations” drafted by the professional team of Seed Financial Academy.

5 Myths that stop you from Pursuing ACCA

So, you came across an exciting professional degree- ACCA. You sat in front of your laptop and did some research, talked with people who are pursuing or have already passed it. Their response is positive. With its global recognition, it’s flexibility, the interesting syllabus and diverse career opportunities, this qualification just seems to fit your career objectives.

You think of pursuing it, but meanwhile, you start hearing about widespread myths and misconceptions about the ACCA qualification from different people and sources. You can’t escape it and now having second thoughts on whether you should pursue ACCA or not. We are inherently more susceptible to negative reviews than positive.

So, are these talks and fallacies that discourage you to finally land on your dream qualification and career real? Well, let’s find out.

Now that I have cleared all of my skills level exams, shortly worked in an audit-firm and contracted for internship in the capital market field, I can look back to say, ‘Yes, I made the right choice’. ACCA is in alignment with my career goals, opened the doors for endless possibilities in the broad arena of accounting, auditing, finance, and whatnot.
Based on my experience and knowledge, I have attempted to bust 5 of those myths that stop students from pursuing ACCA with actual reality to make it clear for you to decide.

MYTH #1
Since its UK-based degree, I will struggle to find Job in Nepal after ACCA. 
Or, I will have to settle or move abroad after completion.

REALITY: There is a huge scope of ACCA in Nepal. Many ACCA affiliates and members are working as mid and top-level managers with an attractive profile and salary in the big reputed organizations including the public service or government sector. The world becoming increasingly global makes ACCA even more lucrative qualification to pursue and the scope for ACCAs only seem to be going up. The fact that ACCA is UK-based Chartered Accountancy only opens the opportunities in abroad without hampering the scope and opportunity here in Nepal.

MYTH #2
ACCA is expensive.

REALITY: Fees of studying ACCA in Nepal ranges anywhere between 4-6 lakhs which is cheaper than other qualification like BBA and almost equal to other Chartered Accountancy qualification. On top of that, some colleges will even provide you with a scholarship. Honestly, the tuition fee is very affordable for one of the leading financial courses around the world. It’s more like an investment than an expense. Once you are qualified as ACCA, the payback of the amount one spends on pursing it is in around 1 year and the career growth is infinite. In short, it’s a worthy investment.

Myth#3
ACCA is an extremely tough course and I cannot pass it. 
Or, I need to study 14-16 hours daily to pass it.

REALITY: If you plan everything from the beginning, give few hours daily and use the resources wisely, it’s not that difficult at all. However, you cannot expect to pass by studying a night or a week before the exam. It becomes tough because people work hard in the wrong direction and are less aware of all the study resources, exam-style and examiner’s expectations. Small continuous effort and a good approach are all it takes.

Myth #4
ACCA is all about numbers. The profession is boring with no social life and friends

REALITY: This is not true. ACCA is a lot more than just numbers viz; analysis, client relationship, decision-making, implementing various strategic decisions, teamwork, presentations, going to various organizations for audit etc.
ACCA is anything but boring. The job roles are self-actualizing and since you have a lot of career options to choose from once you qualify, you can dive in the field that excites you. Furthermore, you can always have a good balance of personal and professional life. Also, with the increased network, you will never run short of friends.

Myth #5
I need management/commerce high-school degree to pursue ACCA.
Or, I am a Science or student from another stream, so, it is not for me.

REALITY: There is no specific high school degree requirement to pursue ACCA. You can be from management, science or any other stream and still pursue it.
Since the course structure starts from the foundation level, you will learn from the very basics ,therefore, no matter which stream you chose in +2, you will not face any difficulty at all.

Apart from these, some might say there are no good colleges. That’s again not true. There are some of the best ACCA colleges in Nepal with astonishing achievements like world rank 1st.

These myths are floating around on unreasonable grounds and make students reluctant to apply and land on their dream qualification. Don’t let these myths stop you from achieving your dream.

Ujjwal Ghimire

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How Easy Is Passing Acca Exams – An Honest Review

How Easy Is Passing ACCA Exams? – An Honest Review

“In order to fail, you will have to lose 50 marks. Do you realize how hard it is to make mistakes worth 50 marks?” – Ujjaal Shiwakoti Sir, Faculty for PM paper at Seed Financial Academy

Like every other exam, the ACCA exam is time-bound, and you will be tested on unseen questions from a fixed syllabus. So I think it is safe to say that passing ACCA exams are just as easy as any other exam you’ve given so far, entirely depending upon your level of preparation and understanding.  Maybe, it depends even on the exam questions but remembers: ACCA WANTS ITS STUDENTS TO PASS, and has done everything possible on its end to ensure that the students do pass.

ACCA, being UK-based, certainly has a difference in teaching-learning-examining approach than what we have been familiar with up to our +2 level in Nepal. (Those from A-levels know a taste of it already.)

In ACCA, the pass marks are 50.

The Foundation and Skills level exams are computer based, and the Professional level is in the process of being upgraded to CBE too, so one has to know their way around using computers and especially spreadsheets.

Here, rot-learning won’t take you far; deep understanding and analytical ability is absolutely necessary.

There is no question bank from which literally ALL questions are adapted into the finals as in +2, i.e. there are no fixed questions, so NO chance of successful question spotting.

No marks are awarded for lengthy answers that is not exactly the question’s requirement; only the weight of the content matters NOT the volume.

But there are ways one can make the most of ACCA’s examining approach and crack the exams, let’s find out what.

PREPARATION IS THE KEY:

One has to have technical knowledge of the content as well as be prepared to tackle the exam.

For knowledge, the best way is to get yourself ACCA prescribed text-books and exam kits from an Approved Content Provider (Kaplan or BPP), take tuitions from the best tutors in town in Approved Learning Providers such as our Seed Financial Academy, explore the vast pool of resources ACCA has on its website (technical articles, past exam questions, examiner’s reports, prepare to pass guide) or even research on key matters from the internet.

For deeper understanding, one should know the “why” behind every step. One should know what the practical examples could be, and one should be able to link the topics in the same paper or from carried forward knowledge of other papers.

Question practice from past questions and exam kit is A MUST. (I cannot emphasize this enough!)

Follow up closely with the tutor’s pace, don’t leave any topic for last minute cramming. When the exam is one week away, you should be revising and revisiting topics about which you have already learnt in depth.

Practice solving long questions in the constructive response practice area of ACCA website, which is a simulation of actual exam’s answer-sheet screen. You must not solve on paper first then transfer it to the spreadsheet, you must be able to solve using the spreadsheet.

EXAM TECHNIQUE

In the exam, depending on your confidence, plan whether you want to tackle the MCQs first or the constructive response question. Take a moment to plan the structure (of table or workings) before every answer.

Read the requirement of the question TWICE and plan an answer exactly to-the-point.

Poor time management during the exam is the major reason for failing. So practicing long questions under timer and taking the mock tests can help. Don’t get stuck in one question for too long. We have 1.8 minutes per mark. (3hrs/100marks= 3*60/100= 1.8 minutes per mark). Too long is more than 2 minutes for a mark, if you can’t solve it, flag it and move onto another question. Come back to it during review.

NEVER leave any question blank if you have time. Make a format or at least try. You may gain some marks from step marking.

EXPLOIT ACCA’S EXAMINING APPROACH

Every paper of Foundation and Skills module contain entirely or partly of MCQ style questions, with no negative marking. Many of those require direct application of knowledge and thus offer easy marks.

In the constructive response questions, ACCA does step marking, which means you will be awarded marks for correct steps even though your answer is not entirely correct. To identify easy marks, practice using the marking scheme at the end of every answer in kit.

Computer-Based Examinations (CBE) is a boon for the examinee. The answers can be well-structured and well-presented. Calculations become faster and more accurate using spreadsheet formulae. Flagging and navigation tools allow marking doubtful answers and going back to them at one click that makes reviewing answers easier.

EXAM PLANNING

ACCA offers 4 exam sittings in a year. Learning providers provide flexible sessions according to the exam sittings. You can choose to appear one paper in 3 months or two (or three if you dare) in 6 months.

Make sure you choose matching subjects. For example, PM and AA both with low global pass rates, is not a good combination for one sitting. Similarly, FR and FM exams are always on consecutive days, so make sure you are prepared enough that you can revise for FM. Also, ensure you are mentally prepared to handle the stress that may arise due to a bad FR exam, so that you don’t underperform in your FM exam on the next day.

Booking FR in the morning shift and FM in the evening shift of the next day will buy you some more crucial time to revise.  This is especially useful to job holders and interns, who have little exam leave.

THE BOTTOM LINE IS: Passing ACCA exams is not that difficult if you put dedicated and smart efforts into preparation.

Asmita Thapa, Strategic Professional Level Student at Seed Financial Academy

Career Opportunities after ACCA

Career Opportunities after ACCA

With businesses and industries becoming increasingly global and converging at a very fast rate, ACCA has emerged as one of the most desirable qualifications for anyone willing to build up a career in the business world of accounting, auditing and finance.

Career Opportunities after ACCA

ACCA offers the globally recognized, updated and industry-relevant content making it a truly global degree. Thanks to its well-designed course that updates and gets revised almost every session to reflect the latest developments in accounting standard and includes the emerging topics and skills that actually matters in the workplace. For instance, trending concepts of sustainability accounting, data analytics and even Block chain have been included in the syllabus.

Moreover, ethics modules and three years compulsory Practical Experience Requirement (PER) for all students equips them with the required technical expertise, organizational skills and other ethical aspects that makes ACCA as one of the most sought-after degrees by the employers. The requirement for Continuous Professional Development (CPD) for the members adds up to the relevance and reputation of ACCA in the job market.

Here is the listing of some of the reputable job roles that offer impressive profiles and handsome salaries after ACCA;

  1. Audit and Assurance Services
    Their job role is to perform an independent, objective assessment of financial statements or compliance efforts. Many ACCAs are working in reputed audit firms in Nepal and even in BIG 4s around the world.
    Another area in audit is – Internal Auditor
    They add value and improve operations in the organization by bringing a systematic and disciplined approach to the effectiveness of risk management, control, and governance. They also analyze reports, develop annual plans, identify loopholes, recommend risk aversion measures etc.
  2. Finance Manager
    Their responsibility is, but not limited to, monitoring the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions, tracking the company’s financial status and performance, researching market trends, identifying areas for potential improvement and producing financial reports.
  3. Tax consultant/Advisor
    They are experts in tax law, planning and compliance. Preparing tax returns, conducting research on tax laws, strategizing with clients to minimize tax liability, communicating with clients to explain tax issues preparing tax returns, estate planning, keeping clients compliant with their tax obligation etc. are the responsibilities as a tax consultant.
  4. Management accountant
    They aid managerial planning and commercial decision-making tasks by providing appropriate financial information and undertaking related accounts and administration. Preparing reports, budgets, commentaries and financial statements, variance reports, forecasting budgets, supervising accounting technicians are some of their job responsibilities.
  5. Business Analyst
    Developing technical solutions to business problems, or to advance a company’s sales efforts by defining, analyzing and documenting the business requirements. They also perform variance analysis, prepare financial models, make forecasts and assist in pricing strategies.
  6. Finance planner
    They research and develop strategies on investment, risk management and tax planning. They also draft consolidated forecasts and budgets and analyze trends in revenue, expense, capital expenditures and other related areas.
  7. Investment Banking
    Though not explored much by ACCAs, this is one of the most well-respected and highly paid domains in the field of banking. One can provide support in the treasury related accounting, balance sheet accounts which would include cash as well and check for the accuracy of capital market pricing. They can also support financial reporting around valuations and assist in the research of investment opportunities.
  8. Credit Control Manager
    Credit Manager has a vital role in the finance department to ensure that invoices are paid on time to assist the organization. They manage team of credit control officers, formulates credit policies for the company, prepare credit notes, negotiate terms with third party debt collection agencies, review and report on aged debtors, ensure creditworthiness etc.
  9. Risk Manager
    Their job is to ensure that the company secures its reputation and profitability by identifying and advising on various types of risks (business, financial and legal) and potential threats and create plans to prevent and mitigate these problems.
  10. Compliance/Governance officer
    A Compliance Manager ensures a company functions legally and ethically while meeting its business goals. They are responsible for developing compliance programs, reviewing company policies, and advising management on possible risks.
    Chief financial officer, Treasurer, Business Advisor -The list goes on and on. Apart from these lucrative career options to choose from, the other perk of ACCA is that it is well recognized and can help student land on these jobs in the renowned MNCs and in any part of the world.

Besides, those who wish to specialize on other areas of their interest, ACCA in Nepal opens doors to many other qualifications like MBA and CFA and also provides with relevant skills and expertise to successfully start, operate and manage their own business.

Ujjwal Ghimire
Strategic Professional Level Student at Seed Financial Academy