ACCA 2022 Exam Preparation Guide for Beginners

2022 ACCA Exam Success Guide for Beginners

ACCA 2022 Exam Preparation Guide for Beginners

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

When is the ACCA Exam Held?

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

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

September 2022 Exam Session

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

December 2023 Exam Session

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

March 2023 Exam Session

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

Some Guides and Tips to Pass ACCA Exams in 2022

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

Before Exam

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

 
During Exam

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

After Exam

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

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

acca strategic business leader

ACCA Strategic Business Leader

The Strategic Business Leader exam is designed to mirror the workplace and requires you to demonstrate a blend of technical, ethical and professional skills. It will help manage, motivate, and influence others to work towards that same spirit, to make inspire to change or create structure in business. 

Strategic Business Leader is ACCA’s case study exam at the Strategic Professional Level. ACCA introduced the Strategic Business Leader to help you develop different skills. It is especially about having strategic, technical and professional abilities to manage the business in the right direction, from the top-level down. Moreover, it gives you the skills you’ll need if you aspire to grow through the rank of business. 

This is absolutely a new examination with a leadership focus, designed based on extensive industry research. SBL builds upon the knowledge that you obtained at the Applied Knowledge and Applied Skills levels. But, it does also have its own distinct syllabus content. This provides you insight into expert skills that you can apply in your exam and in your workplace. SBL looks into the following key topics: Corporate governance, Leadership, Strategy implementation, Risk management, Organisational control, Technology, and data analysis, Finance in planning and decision making,  Innovation, performance excellence, and change management. 

Being a strategic professional exam, ACCA Strategic Business leader is one of the tough exams in the ACCA portfolio. But, passing ACCA business leaders isn’t impossible at all. The exam will focus on one main organization, and all of the question requirements will relate to this organization. You may have to take on a variety of roles, which may require you to adopt an internal or external perspective when answering questions. You will also be required to respond to a variety of people within the organization. 

Exam Format of Acca

The examination consisted of a 4-hour exam with a single section that must attend compulsorily. It includes reading, planning, and reviewing time which can be used flexibly within the examinations. The marking scheme included 80 technical marks and 20 professional skills and competencies marks. To stand the best chance of passing the SBL exam, you need to have a good understanding of the entire syllabus. It conveys to students a clear idea of the course content and the knowledge they will obtain throughout the course. 

This study will be an in-depth business situation that you might be expected to meet in your job as an accountant. Also, you’ll be given between 12 and 18 pages of mixed information in general introduction to business scenario. It includes: 

  • Media
  • Spreadsheets
  • Presentations
  • Tables
  • Pictures
  • Diagrams
  • Graphs
  • Survey results
  • Interview transcripts
  • E-mails
  • Memos
  • Briefing notes

Use these elements to perform tasks you would do in the workplace. You earn marks after completing these tasks. You might have to take on various leadership/ manager or consultant roles in relation to these tasks. So, if you were an external auditor in some reputable companies, you might have to prepare a presentation. When you get these materials in the exam, you’ve no pre-preparation time. The concept is that you spend time learning and understanding the material once you understand what the requirements are, then plan and prepare your approach before writing your answers. 

Exam Techniques for Acca

  • Professional Marks

Different from other SBL exams, 20% of total marks in the Strategic Business level are from professional exams. Professional marks test whether you have the professional and behavioral skills that you need as an expert leader and qualified accountant. They are not totally related to the syllabus content. It just shows that you have the skills to operate in the workplace as an expert strategic business leader. Knowing the fact that how these professional marks apply is crucial, you will have more chances to write your answers in the best possible way to get these extra marks in the exam. It usually falls under five main areas, which test leadership capabilities each: 

Communication, Commercial acumen, Analysis, Scepticism, and Evaluation 

In short, it is easy to gain technical marks because you could know the syllabus inside-out, but if you don’t express yourself in the proper way, you may lose your professional marks.  

  • Technical Marks

Whereas, Technical marks comprise 80% of the exam giving those who correctly apply syllabus content. But unfortunately, the Exam technique is a huge reason students fail the ACCA exam, and it also happens to those who understand the course syllabus well. Here are some principles of good exam technique for ACCA strategic business leaders, which you can apply during the exams. Good Time Management, Effective reading, Not just reading-proper analysis, Pre-Planning, Good writing skills. 

All questions will be referred to the same case materials in the Strategic Business leader’s technical exam, so make sure you understand all the topics provided to you by 40 minutes of reading and planning. Once you understand all the context, it will be easy for you to answer the questions. 

Completing these tasks successfully is how you earn good marks during the exams, you might have:-

  • Analysis of the external environment and interpret data.
  • Assess the status and performance of an organization
  • Identify strategic problems and resolve the issue 
  • Manage risks
  • Make better strategic choices
  • Evaluate strategic choices using forecasting techniques
  • Decide on possible solutions using updated technologies
  • Implement change and innovate responsibly.

We have a list of resources to help our students better prepare for the acca exam. if you have any question you can also visit our FAQs page or contact us directly.