Kicking off my ACCA studies once more!
After facing several setbacks, I’ve decided to dive back into studying for the Audit and Financial Reporting exams. I’m aiming to take both in June and finally conquer them (trying to stay positive, even though I’m pretty terrified).
I’ve already completed the study text for Audit and I’m halfway through the Kaplan exam kit. Risk identification makes sense to me, but internal controls and especially substantive procedures are challenging. My goal is to finish the exam kit by the end of next week, after which I’ll shift my focus to the FR study text. I’ll plan to review Audit again in May before the exams.
Is anyone else gearing up for these exams in June? I’d love to hear any tips you might have! I failed Audit last year with a score of 43, if I remember correctly.
I’m feeling really anxious about this—if not now, then when?! Just trying to be open about my feelings since I can be anonymous here; otherwise, people tend to say, “don’t worry.”
One response
It’s great to see you picking up the study for ACCA again—getting back at it after setbacks is something to be proud of! First off, remember that feeling scared or overwhelmed is completely normal, especially with challenging subjects like Audit and financial reporting.
Your plan sounds solid! Finishing the exam kit once is a great start, and focusing on your weak areas—like internal controls and substantive procedures—will definitely pay off. Here are a few tips that might help you along the way:
Practice Past Papers: Make sure to go through past exam papers and try to simulate exam conditions. This will help you get used to the format and timing.
Understand the Concepts: For areas like internal controls and substantive procedures, try to break them down and understand the concepts deeply rather than just memorizing. Create mind maps or diagrams if it helps.
Join Study Groups: If possible, connect with others who are also preparing for the same exams. Sharing knowledge and discussing difficult topics can sometimes clear up confusion.
Study Breaks: Don’t forget to take breaks and give yourself some downtime. Staying mentally fresh is crucial for retaining information.
Stay Positive: Keep reminding yourself of why you’re doing this. Visualizing your success can also be a powerful motivator.
Lastly, it’s okay to be vulnerable—acknowledging your fears is the first step in overcoming them. You’ve got this! Keep pushing forward, and remember to celebrate your progress along the way. Good luck with your studies; I’m rooting for you!