What is the difficulty level of ACCA F9 Financial Management?

It’s really very embarrassing I have to try a 4th time to have my details removed. I was a client of an https://personal-accounting.org/ ACCA accountant who lied and cheated me out of hundreds of pounds, and yet was exonerated by ACCA.

Revising what you already know can you help retain more information and reproduce it while appearing for the exam. While ACCA preparatory courses can help you acquire in-depth knowledge about key concepts, self-study is equally important to excel at the examination. My colleagues at work with first-hand experience in rewriting professional papers were also eager to provide me with materials they thought would be beneficial. A case in point is the Chartered Institute of Management Accountants Financial Strategy materials I received from a colleague which helped me better understand and prepare for my Advanced Financial Management paper. He was also readily available to discuss topical issues to deepen my understanding of how subject areas were at play in the global business world.

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This sentiment is backed-up by the pass rates which demonstrate the difficulty of these exams. For example, the Management Accounting exam in the first level had a pass rate of just 65% in the most recent exam sittings. The ACCA qualification exams are hard, even for those with previous experience in Accounting at University or School. The volume and technical nature of the exams can be challenging for many. However, with the right resources and commitment, the exams are passable as shown by recent pass rates. Vertex Learning Solutions offers ACCA students one of the best online exam preparation platform.

Refer to the previous years’ exam papers to understand the format of the question paper, types of questions and their difficulty level to be better prepared for the actual examination. You can also practice the question papers and time it to understand which areas of the question paper are more time-consuming and how well you can manage time while appearing for a full-length exam.

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Section A will always be a single 50 mark case study, which will contain four professional marks in which you are required produce a business document such as a report or a briefing paper for the board of directors. You may wish to consult notes provided by your tuition providers or friends but you must always study at least one of ACCA’s approved study texts to be on the safe side. The approved study texts are thoroughly reviewed by ACCA for coverage of the entire syllabus and also for any revision incorporated after changes in the syllabus. Therefore, you will be taking a huge risk by relying solely on exam notes which may not be as comprehensive or up to date as the text books. I had a pretty smooth sailing until my final optional paper. I decided to write the Advanced Performance Management paper because it was similar to the Business Analysis paper which I had passed on first attempt. I however struggled to pass the P5 paper and had to rewrite several times.

• Seven days may seem a short period of time but it can be the difference between getting a number in the 40s, or going into the 50s.
• I revised my notes and solved an exam related question to confirm my understanding of material I had studied earlier in the morning.
• In recent months, professional services firms are facing more pressure than ever to deliver value to clients.
• They offer individual support to each student and are available to answer any query you might have.
• If they write too much, they end up having insufficient time to attempt the final question on the paper.
• Thank you, I am currently preparing for the AFM first timer , but I am overwhelmed and I do not see myself passing this paper in the coming sitting.

ACCA Dip-IFR Exam Preparation Tips and Techniques – In this video our expert ACCA Dip-IFR trainer explains how to plan your ACCA Dip-IFR exam preparation. The best way to pass this exam is to first truly understand the concepts and then practice them as much as possible. About ACCA FA – An overview of ACCA F3 syllabus, exam structure important syllabus areas and how to prepare and pass your exam with high score.

Outstanding pass rates

This will help you explain yourself better while answering. Hence, it is extremely important to know the syllabus and structure of ACCA certification. Remember, there is only pure and original hard work in any professional exam. If you want to get the right degree, you must work extremely hard with utmost dedication. Listed below are a few tips that can help you get there sooner. However, as you can notice, you have to make sure that you enroll for your examinations on time to avoid the late fee charge, which is pretty high, close to £100 to £200.

I also made time to catch up with colleagues during weekends and holidays, but never before my exams date in order to have enough time for studying. Additionally, I watched a movie on Saturday evenings and read a bestseller as and when I found the time to reinvigorate myself for the working week ahead. One of the major skills that is analysed in ACCA students is their logical technique in every question. Give equal time to every question so that you can attempt every question. Mark requirements are given in every question which helps you to answer accordingly and to structure your question wisely.

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However, CPA candidates can benefit from studying with a review course. Luckily, I have reviews of the top CPA courses, including exclusive discount codes. Deciding which one is tough – US CPA or ACCA – there are several factors to consider. First, the US CPA has fewer sections , but they are all hard. Likewise, the ACCA estimates their mean pass rate is about 55%. Furthermore, the exam is offered four times a year at more than 500 testing centers worldwide. You can choose to take the 4 parts separately, 2 at a time, or even 4 at the same time.

While completing the ACCA qualification can be a difficult task to accomplish, with determination and the right training, the path becomes considerably easy. Examiners have a tough time checking loads of answer sheets from hundreds of exam centers worldwide. Make every effort to ensure their time is not wasted unnecessarily while checking your answer sheet. Mark the question numbers clearly and try to follow the sequence of sub-parts to avoid confusion. Writing is perhaps not something that could be changed over a short notice.

But this is why there is a diploma or foundation level where you can cover all the basics of accounting and gain a fundamental level of understanding of what ACCA is all about. I was impressed by the advanced learning solution provided by The ExP group. It was very simple, clear, rich and straight to the point. The practice lectures were amazing, supported by very strong and helpful exam techniques which contributes in helping students to pass the exams in a quite easy way. Very special thanks to the ExP staff, without your amazing efforts I wasn’t able to achieve such success. ACCA part II focuses on ethics and governance risk, business analysis and corporate reporting, advanced financial management, performance management, auditing and assurance, and taxation.

• I became energized, noticed an improvement in my thought process and slept soundly.
• Studying ACCA doesn’t require any special academic arrangements as you can study the course through the internet and in person.
• I settled on the Advanced Financial Management paper which was challenging, but also rewarding.
• In addition to this, you must have passed the 10+2 exam with at least 65 percent in mathematics, accounts, and English.
• It means you don’t have much time to think and structure your answer.

The ACCA in the UK has a reputation of being one of the most difficult accounting exams to pass, compared to other accountancy bodies. Just look at the pass rates, at Strategic Professional Level approximately only 30% to 35% of students pass the option papers at each sitting as these papers are tough.

Planning

One had completed her Chartered Institute of Marketing exams on a very tight work schedule and the other had obtained his CISCO® certification on his second attempt. He also states that physical well-being, relationships and a positive mind-set work together to produce high performance and that the people whom we respect and admire also struggle and fail sometimes. The answer is straightforward, I was lost in the bottomless pit of failure and would not have spotted the book even if it was clearly in sight. I soon found myself avoiding people I knew were going to ask about my exams results. On the flip side, I could not find the courage to tell them I had failed my exams especially when they held me in high esteem.

• One had completed her Chartered Institute of Marketing exams on a very tight work schedule and the other had obtained his CISCO® certification on his second attempt.
• Because no matter the grade we achieve in the exam, we all get the same reward at the end.
• All eligible CPA candidates can take the exam in any US jurisdiction, including Guam.
• I got to the exam hall 30 mins after the exam had started, I had to use 15 minutes to settle down and read through the questions, I saw somethings I didn’t know.
• While there is no straightforward way to answer if the ACCA exam is tough or not, studying for the 13 exams requires a lot of time and dedication.

Marking schemes can help you in judging the number of distinct points that you need to mention in respect of a given question and the depth of your answer. Studying marking scheme when practicing past paper questions can assist you in understanding the relative marking for different types of question requirements. A typical marking scheme for example would allocate one mark per point for a basic question requirement such as ‘list’, ‘identify’ or ‘define’.

How well you prepare, practice and perform plays a crucial role in the ACCA success. One of the most valuable tools for this purpose is reviewing examiner reports, understanding what other students do wrong and making sure you are able to avoid those common pitfalls.

When it comes to the ACCA course, you have to be wise enough to choose your learning partner because you can even work and study part-time, where your expenses get covered by your employer. So experts such as Grant Thornton are involved in providing professionally trained faculty members to teach the subjects. You see what I meanAll my life I had known F9 to mean Failure until now, but then that was just my mind playing tricks with me.

• By the 1950s, ACCA was opening branches in locations including Hong Kong, Trinidad and Malawi – and in 1974 it was granted a UK Royal Charter.
• The examiner is not easy to convince and you have to have a concise expression to prove it.
• I didn’t take classes for this course because it was majorly theoretical and people said I could read on my own and pass so I said why not?
• I also walked and jogged for an average of ten kilometers weekly to ensure my body was physically ready for the arduous task of combining learning with a full time job.
• To enroll for this certification, you must have a minimum work experience of three years in relevant fields.

Do not wait until the results of your previous examinations have arrived since by then you would have already wasted two precious months of the exam session. It is often said that a healthy mind lives in a healthy body. Hence, I made significant changes to my diet by reducing my intake of carbohydrates because I usually found myself sleepy or dull after consuming mainly carbohydrates. I moved to a new diet comprising grains, cereals, fruits, leaves and yogurt.

It builds on what candidates would have covered in the Financial Management syllabus. All section B questions will be scenario based and contain a combination of calculation and narrative marks. However, exam structure is changed and all questions are compulsory to answer now.

What Is Ledger Account And How It Is Prepared

Argh, I was slightly pained but also indifferent as I couldn’t do more than that- I cannot come and kill myself. I hadn’t convinced myself that I was going to use this so a part of me wasn’t interested. At this point you are eligible to study for the Oxford Brookes bachelor’s degree in applied accounting.

Set short-term goals for yourself as it will not only help you complete the course faster but also gain the confidence to appear for the exam. If you have another How Difficult is Passing ACCA exam scheduled soon, try not to waste too much time discussing the exam you have already given with your friends (especially if it did not go too well!).

There are always enough easy marks available to pass an ACCA exam. For example “advantages and disadvantages of using qualitative models in predicting corporate failure” question from the March/June 2018 ACCA sample questions should not pose much problems. Practice ACCA past exam papers very well and focus on ACCA past exam papers from the last 10 years. Make sure you write down the responses to ACCA past papers under real exam situations. Revise and jot down the key points you would have noted and the sessions you would have performed badly in during this ACCA revision process.

However, it takes years to complete the studies and obtain membership. While ACCA is globally recognized, it is not as highly regarded outside the UK and Commonwealth countries. All eligible CPA candidates can take the exam in any US jurisdiction, including Guam. ACCA members without advanced degrees will need to seek education from a degree-granting institution. Before you can even sign up to take the exam, your state board will review your educational background. Then, once you are approved for the exam and receive your Notice to Schedule , you are on your own to get prepared. I also found solace in a few Christian friends who offered to pray with me as I struggled with my final paper.

The targets you set should be focused on factors that will actually help you to succeed in ACCA exams (e.g. to cover a chapter or syllabus area in one day, to attempt a past paper, etc). Setting targets based on for example number of hours may not be as effective. I prayed, fasted and had my morning devotions thinking I was going to pass all my papers on first attempt by keeping God’s command.

ACCA Approved Study Texts

These principles/rules mostly apply to public companies and serve as a best practice that could be adopted by private companies. Another purely theoretical course, read for it and passed it. Ensuring that financial statements are audited annually to ensure transparency and accountability. I remember the first time I wrote I had 48 it was too painful and annoying that I didn’t open anything related to course for the next 2 weeks after the result came out. Lol, I knew I needed help so I took classes for it and really I was all hyped up and I learnt a lot of new things but then when the result came I had 47.