How can I get back on track?
I’ve made the decision to pursue the ACCA qualification. After using the exemptions calculator, I found that I’m exempt from nine papers (F1-F9). Since graduating from university in 2020, I’ve been working as a salesperson and haven’t had any jobs related to Accounting. I’m worried that my fundamentals are a bit rusty. Should I go back and relearn the first topics, or focus on specific key areas before tackling the SBL and SBR papers?
*Bonus question: Is it alright to use Opentuition as my main learning resource? I’d appreciate any advice you have, thank you!
One response
It’s great to hear that you’ve decided to pursue the ACCA! Here are some tips to help you get back on track:
Assessment of Knowledge: Before diving into studies, assess your current understanding of the basics. You might find it helpful to review the syllabus for the papers you’re exempt from (F1-F9) and identify which topics you feel less confident about.
Focus on Key Areas: While it’s helpful to understand all the basics, you may want to focus on key areas particularly relevant to SBL (Strategic Business Leadership) and SBR (Strategic Business Reporting). For SBL, emphasis on strategic management and leadership concepts will be crucial, while SBR will require a strong grasp of Accounting standards and financial reporting.
Structured Study Plan: Create a study plan that gradually builds your knowledge. You could start with the foundational topics from F-level papers that are critical for your understanding of SBL and SBR, and then move on to more complex areas.
Use of Resources: Opentuition is a valuable resource and many students use it effectively. The materials are structured and often easier to understand, making them a great supplement. However, consider integrating other resources as well, such as ACCA-approved textbooks or other online platforms like Becker or BPP, to enrich your understanding.
Practice Questions: Engage in practice questions and past exam papers as soon as you feel comfortable with the material. This will not only reinforce your knowledge but also familiarize you with the exam format.
Community and Support: Join study groups or forums where you can discuss topics and clarify doubts. Engaging with peers who are also preparing for the ACCA can be motivational and incredibly helpful.
Regular Review: Make a habit of revisiting topics periodically to keep them fresh and solidify your understanding.
Remember, it’s perfectly normal to feel rusty after time away from Accounting. With a structured approach and consistent study, you’ll gain confidence and be well-prepared for your papers. Good luck!