How to Increase the Chances of Completing your ACCA Exam Successfully?

From arriving at the exam centre at the right time to reviewing your answers in the end, enhancing the chances of completing your ACCA exams successfully at your next sitting depends on several important factors. Since passing ACCA is not a simple matter, right planning, preparation and disciplinary approach are necessary to clear all the papers in the first shot itself. Approaching the exam in its right way should be given paramount importance because your performance at the exam hall depends on how you deal with exams in a tranquil mode and as effectively as possible.

Following are some of the tips to successfully complete ACCA exams in the next shot.

Reading Time Instruction for ACCA Exam

Plan in such a way to get enough time before the exam so that you can approach the exams in a tranquil state of mind. Effective use of planning and reading time could help to answer the questions in a well planned and structured manner. While reading the questions, understand the key requirements for each question and ensure that you answer the questions correctly and to the point. Have an understanding of what the examiner demands before you start to answer the question.

ACCA Needs Time Management

Time management is an important factor while attending professional course exams like ACCA. First of all, make sure that you are answering the right number of questions and spending the right amount of time on each question according to its mark availability. While the Applied Knowledge exams of ACCA are three hours long, Applied Skills CBE-exams are three hours and 20 minutes long. The candidate needs to spend the extra 20 minutes given to the Applied Skills CBE exams for the extra 10 marks objective test questions which are included to check the reliability and security of exams, though it does not directly contribute towards the students’ score. Hence, before processing with the exam, you need to spend the time to read the exam instructions carefully. Ensure that all the question requirements are properly understood. To know how much time you should spend on each question, consider the total exam time and allot time as per the mark so that you will not waste your time on low mark questions

Answer to the Point

Proper planning and presentation of the answer with the utmost clarity is key to success in the ACCA exam. Answering in a structured and organized manner with highlight to key points will increase the chances of getting a high score. Using headings, bullet points, tables, diagrams and charts that justify your answer will also enhance the prospects of scoring maximum marks. Detailed answering to several points give the examiner the impression that you have a clear understanding about the topic. Before attending the exam, go through the marking schemes and examiner reports so that you can understand these aspects clearly.

Don’t Leave any Question Unanswered

It is always advisable to leave no answer unanswered. But don’t spend too much time on the question which you don’t know the answer. Leave it and try to answer only after attempting all other questions. If you don’t know the answer to a question, state your assumptions and you will be given some credit if your inferences are reasonable. Also, if you think you don’t have time to complete the answer to a question, simply list all the main points and then only start answering in detail. Whatever, try to answer questions you know first and leave ambiguous ones towards the end.

Review Your ACCA Answers

If you could answer all the questions in time, spend your extra time reviewing the entire questions and answers once again to make sure that you haven’t missed any part. This extra time can be used to improve the answers you felt unsatisfactorily done. Always keep in mind that the examiners are not just looking for a display of your knowledge; they want to know how well you can apply the concepts in the right context. So improving your answers is always recommended by educators while attempting exams like ACCA.

Here Lies the Success Result of ACCA Exams

The success of your exams lies in the way you approach your exams and what all techniques and strategies you apply to achieve your goal. Proper planning and preparation will help you enter the exam hall with full confidence and peace of mind. ACCA coaching institutes play a significant role in helping students achieve greater success and the dream of becoming a professional ACCA personnel. Logic School of Management, one of the best ACCA coaching centres in India aids the students by helping them ensure that they have covered the entire syllabus long before the exam time with enough revision and practice questioning.

No matter, what all strategies you follow, your success lies in your resolution and commitment towards doing best in the ACCA exams. So, set your goal, prepare and be confident for your upcoming ACCA Exam. If you have any queries, get in touch with the best ACCA training institute in your location.

How to Pass ACCA in the First Chance?

The recent findings regarding ACCA reveal that twice as many candidates who don’t pass the ACCA exams in the first chance as the handful who do.

A first-time pass definitely can really set you atop in the challenging job market, especially in the accounting and business career. Since the financial, banking and accounting jobs that you can get into are incredibly high paid and glamorous professions that face good competition, the employers usually prefer the most eligible candidates who pass the exam the first time.

So if you are thinking that luck favours the most time, it’s absolutely a misconception. Your academic excellence and intelligence have nothing to do with the ACCA. The only thing that helps you pass the ACCA exam is the knowledge you acquired. How well you prepare, practice and perform plays a crucial role in the ACCA success.

Early Revision for Better Score

It doesn’t matter whatever you learn in your classroom, your ability to apply the concepts you have learned will define what you will score in your ACCA exam. Rote learning may not help you pass the ACCA always; you need to find time to absorb, learn, and practice what you are learning. Hence, from now onwards you need to move on from your usual regurgitation in learning and create a strong foundation of what you study in ACCA classes.

Finding a good amount of time to revise the topics will help you to perform better in your ACCA exams. It is always advisable to prepare a flexible study plan or calendar well in advance so that you can allot enough time for every topic you need to cover before the exam.

Practice Past Question Answers

It is quite natural that you get overwhelmed by the quantity of information you have to learn. Definitely, you should pay attention to the content you need to learn, but at the same time attempt to answer the related questions you may encounter in each part. A lot of question papers are available online for you to download. Get the previous questions and try to answer each type of questions. Practice question answering technique is a lot more helpful than merely focusing on content learning only.

Think Like An Examiner

Always keep in mind that the ACCA exam will be based on the prescribed syllabus and papers you need to study. Hence you should familiarise with the right contents as per the syllabus. You need to make sure that you have covered that areas during your revision period. It would also be a good idea to go through the Exam Approach Interview contents on each paper published on ACCA official site to get an insight into the papers from the viewpoint of an examiner. Obviously, these interviews will give you an idea about the examiner’s approach and to understand which areas you need to improve for better scoring.

Be Healthy

If you want to pass your ACCA exam in the first chance, then you should not let the stress of the situation overpower you. Don’t lose your health in the long run to pass the exam. Putting a lot of pressure on your body and mind can ruin the whole exam and it can lead to great depression. Hence, it is very important to eat well, exercise, get enough sleep. Also, be in good condition to maintain your health and keep the exam pressure away.

Furthermore, be a part of the best institute

A good number of institutions give proper guidance to students and help them pass the ACCA in the first attempt. Most of these institutes will give you immense support to overcome your exam fears and stress. They can also help you achieve a good score in ACCA exams. If you are looking for the best ACCA course in Kerala, then your searches would definitely end up in Logic School of Management, the leading institute in Cochin and Kottayam which provides flexible ACCA course to help you excel in the accounting profession. Logic is one of the most preferred ACCA institutes in Cochin and Kottayam. Studying with Logic will enable the students to pass the ACCA in their first attempt itself.
Now it’s your time. Good Luck!

 

 

 

How to decide whether ACCA is to be pursued along with or after B.Com?

We all are well-versed with the fact that in accounting, internationally, there are a number of courses and certifications up for grabs. However, the conundrum that students across the world face is which is the right certification they should opt for or whether they should go for all of them. Once this has been decided upon, the next big thing that aspirants need to answer is ‘when’ should they pursue each of these different certifications.

One of the most famous and fastest growing accountancy qualifications in the world is ACCA, which stands for the Association of Chartered Certified Accountants, a leading UK based international body which has been producing qualified, competent minds in the realm of accountancy for years now. As ACCA is an internationally recognized certification, earning an ACCA directly translates into a wider spectrum of opportunities across the world. Owing to the nature of the curriculum and the test structure, an ACCA aspirant gets to study all the aspects essential for commerce and business, ranging from accounting, taxation, marketing, management, reporting, law, government compliances and what not. Thus, an ACCA is not bound by the limits of operating only as an accountant. Due to the kind of knowledge a certified ACCA is supposed to have, ACCAs are welcomed by corporations across the world because they are seen as a replacement for several employees due to their all-round experience and knowledge in business.

One of the most frequently asked question by students is how do they decide whether to pursue ACCA after B.Com (Bachelors in Commerce) degree or simultaneously. Deciding such a question purely depends on the willingness of the students, their caliber to take on multiple things at a single point of time and the foresight of the student about whether he will be able to exert constantly for the next 4-5 years on the same thing or not. This is because although at one point of time, a student might be under the impression that he’ll be able to do both the things simultaneously, it might not be possible for him to find time separately for the two things later.

Now, depending on the above factors, a student may choose to pursue B.Com and ACCA simultaneously and otherwise. But clearly, there are several advantages in pursuing them together. Firstly, the total amount of time that it takes on an average to complete all ACCA papers is roughly four to five years. In case one plans to study B.Com and ACCA in isolation, it’ll cost him 3 plus 5, which is a total of 8 years. If however, he chooses to go hit them side by side, then there is a clear advantage of at least 3-4 years. Ideally, you may be able to get done with ACCA one year after having cleared your B.Com. Secondly, while studying B.Com in college, the only thing that you’re going to find yourself occupied with is studies. And honestly, if compared to professional courses like Law, Engineering or Medical, B.Com requires much less energy and time, so accommodating ACCA together with B.Com is not as challenging as it would have otherwise been. B.Com being very easy, ACCA + B.Com is not an impossibility.

Another advantage of pursuing ACCA while pursuing B.Com is that suppose the candidate, after having pursued ACCA for a year, doesn’t find it to suit him or his career needs, he can quit while he still has the time. And then, rather engage with things like marketing, banking or other government jobs. One of the biggest advantages that you must take note of is that if you are studying at a suitable university, earning a B.Com degree earns you exemption easily from at least 3-4 papers in ACCA.

If you are searching for the proper guidance in South India which can help you clear ACCA while you are pursuing B.Com, you’ve come to the right place. We examined the affordability and modus operandi of several ACCA coaching institutes in Kochi, for a start and the clear winner that emerged was Logic School of Management. Even for those looking for good quality ACCA training in Ernakulam or ACCA course training in other parts of Kerala, Logic stood out among all the good ACCA coaching institutes in Kerala. The reason why we shortlisted Logic School of Management is their panel of faculty members. ACCA is a professional course while requires aspirants to study almost all the aspects of business, be it law, management, marketing, taxation or accounting. Logic has got a highly dependable panel of faculty members, all experts in different fields so that while you are training for your ACCA in Kochi or any part of Kerala, you are able to tend to all the subjects of ACCA at the same level. For those students who hail from Ernakulam and other parts of Kerala or even the rest of the country, Logic School of Management provides some respite by way of its full-fledged hostel facilities which can easily accommodate all those who enroll. For an early discount or a brochure, reach out to them at cochin@logiccpacma.com or connect to them on 9995518581.

How to do ACCA after CA to get a global qualification?

How to do ACCA after CA to get a global qualification?
ACCA stands for Association of Chartered Certified Accountants which is a global professional accounting body that offers Accountant qualification certified by Chartered Accountant. ACCA is one of the most popular global accountancy qualifications. And needless to say, the ACCA is the catalyst that drives your career in the right direction as well. Find everything about the ACCA such as the process of admission, application form submission process, entry requirements, and lots of other details in the following post.

How to Apply for ACCA after CA?

  • The CA candidates can apply for ACCA online at ANY TIME of the year. The applications can be submitted online along with the supporting documents which will be mentioned on the official website of ACCA.
  • As the applications are submitted online, the processing of ACCA applications is very fast and the candidates are able to find the levels at which they have to begin their studies.
  • The candidates are advised to upload all the supporting documents at once while applying for ACCA; so that the forms are submitted and processed rapidly.
  • The candidates should note that without uploading the supporting documents and fee remission, the ACCA form submission will not be over.

Find all the other important details related to the ACCA application and other stages of certification.

Entry Level Requirements for ACCA:

There are some entry- level requirements for individuals who applied for ACCA after CA which can also be termed as the ACCA eligibility norms. The candidates will be allotted subjects for different levels depending on these entry level requirements.

Minimum Entry Requirements for ACCA are as follows:

  • The candidates are required to have passed TWO A-Levels and 3 GCSEs or any other equivalent exam.
  • The above mentioned exams (qualifying exams) should have been taken in 5 different subjects inclusive of English and Maths.
  • The official website of ACCA has a list of all kinds of exams conducted across various nations that are recognized by the ACCA.
  • In order to check whether the educational qualifications of any applicant are enough or not, they can visit the official website and find the database of minimum entrance requirements.

Entry Level Requirements for Foundation in Accountancy:

  • No minimum requirements have been fixed for the Foundation course. The candidates can begin at any level; though the Introductory Certificate is recommended in case the candidate has no formal education.
  • The candidates with education gap for formal education are also recommended, to begin with, the Introductory Certificate.
  • This is due to the fact that the candidates beginning at the Introductory Certificate level and moving to Foundation Level Qualifications are better performers in the higher level exams.

ACCA Application Submission Process

While applying for ACCA certification, the candidates are required to upload the copies of the supporting documents related to their qualification and personal verification. Without uploading the supporting documents, the submission process will not be over.
Documents Required for ACCA Application Submission

  • Official documents related to the educational qualification such as completion certificates or transcripts.
  • ID proofs such as Birth Certificate, National ID Card, Driving License and Passport etc.
  • Passport size photograph.

The candidates should note that the documents that are issued in any language other than English are to be uploaded in English Language as well. This means that the candidates have to get them translated into English and upload them along with the copy of the original document.
The candidates should note that mere filling of details in the application form and uploading of the supporting documents is not enough. After that they have to fill the fee as well.

Time taken for registration as ACCA student:

  • As the application process is online and candidates have to complete all the steps such as document submission and fee remission online only, the time taken to complete the registration is very less. If the candidates have all the documents and other things ready, they can complete the registration process in 15 to 20 minutes.
  • After the form has been submitted, the information has been verified and the fee has been acknowledged, the candidates can begin the course within 5 to 7 working days. In case, the documents are submitted offline i.e. via Mail, the complete process will take around 10 days to complete.
  • The candidates will be issued and sent a communication via email or offline mail to intimate that the form has been accepted and other details regarding the course.
  • The candidates can find the detailed fees on the official website. The fee is different for each country and each course.

EXEMPTIONS in ACCA:

The candidates can choose the exemptions while applying. These exemptions are based on the educational qualifications of the candidates and vary from person to person. This means that the candidates will not have to take some exams depending on the type of their qualifications. For example, candidates who applied for ACCA after CA has to appear only less number of exams when compared with normal exams.
There is an exemption calculator available online on the official website which will help the candidates to figure out the exemptions they can apply for.

Exams to be taken for completion of ACCA:

  • The candidates are to take 13 exams in total to complete the ACCA qualification and become a member of the same.
  • The exemptions in the number of exams mentioned above will be awarded based on the previous qualifications.
  • Apart from that, they are to have 3 years practical work experience.
  • Ethics and Professional Skills modules.

Duration of ACCA Qualification:

  • Number of sessions in each year: 4
  • Number of exams that a student can take at each session: 4
  • Maximum number of exams a student can take in each calendar year: 8
  • Number of years of professional experience: 3 years
  • Minimum duration in which a student can complete the ACCA qualification: 3 years

Duration of Foundation in Accountancy:

The initial foundation level qualifications are:

  • Introductory Certificate in Financial and Management Accounting
  • Intermediate Certificate in Financial and Management Accounting

They contain 2 exams and Foundation in Professionalism Module. This can be completed in 6 months.
The Diploma in Accounting and Business can be completed in 1 YEAR. The Certified Accounting Technician Qualification can also be completed in 1 YEAR given that you achieve the level of required work experience.
The candidates can find the details on required work experience level online on the official website.

How to Study for the ACCA after CA?

  • ACCA itself doesn’t provide any tuition. Though, it has a recommended global network of 3rd party tuition providers which helps the students to prepare for the exams and other kinds of requirements such as professional experience etc.
  • The candidates can find the Tuition Provider Directory on the official website.

Scope and opportunities for ACCA in India

ACCA stands for Association of Chartered Certified Accountants and is a reputed and world renowned association that provides a global qualification for the CAs. The certification includes 13 exams, 3 year professional work experience and ethic and professional work modules. The candidates can be exempted from some exams depending on their existing educational background.

Scope and opportunities for ACCA in India

Being a globally recognized qualification, the candidates having required ACCA membership can apply for jobs overseas as well. Similarly, the ACCA members can also apply for jobs in all the major MNCs in India including the Big Fours (KPMG, Deloitte, PwC and EY). The following post is concerned with the various  ACCA job opportunities in India.

The syllabus of ACCA comprises of knowledge module, skill module and essential module, which is as follows:

Knowledge Module

F1 – Accountant in Business
F2 – Management Accounting
F3 – Financial Accounting

Skill Module

F4 – Corporate and Business Law
F5 – Performance Management
F6 – Taxation
F7 – Financial Reporting
F8 – Audit and Assurance
F9 – Financial Management

Essential Module

P1 – Governance Risk and Ethics
P2 – Corporate Reporting – (UK or International)
P3 – Business Analysis

Options

P4 – Advanced Financial Management
P5 – Advanced Performance Management
P6 – Advanced Taxation
P7 – Advanced Audit and Assurance – (UK or International)

ACCA Scope in India:

  • The scope of a bright career and secure future that leads to financial freedom is on the rise. The companies (all sizes and might) are becoming more and more aware of the ACCA, its repute and value as an international standard.
  • Though some companies are still unaware of the global ACCA certification, the awareness is spreading really fast.
  • With ACCA membership, you can secure a job at the top MNCs inclusive of the BIG FOURS. Apart from them, the core companies such as TATA, BARCLAY’S, STANDARD CHARTERED, BDO, GRANT THORNTON etc are also recruiting ACCA.
  • The various job profiles that a student can follow after the successful completion of ACCA course in India

 

    • Investment Advisory
    • Risk Advisory
    • Audit and Assurance
    • Accounting Advisory
    • Internal Audit
    • Taxation
    • Corporate Finance etc

 

  • The job offers, designation and salary packages are though similar to those of CAs.

ACCA Job Opportunities in India

Though it really depends on the ACCA himself or herself, there are numerous career options once the qualification is over. As the qualification itself requires a professional work experience of 3 years, the ACCA can either resume their jobs at the companies they choose to work for in that tenure or go for the corporate jobs or private consulting etc.

  • The ACCA can secure a job in consulting, advising, fund management and taxation etc abroad such as USA, UK, Dubai and Singapore.
  • Financial or consulting job in the top-level MNCs.
  • Starting your own business for advising, consulting, tax filing etc can be another career option for the ACCA.
  • In case you wish to complete another program in Masters and pursue teaching etc in the field, you can do that as well.
  • Though the ACCA members don’t have the signing authority in India, they can do the audit work in the firms they are employed in.

ACCA Jobs in India:

There is one single dictum as far as the job market in India is concerned. In case you are the best of your field, the jobs will chase you themselves and in case you are average, the race is going to be at your end. Finally, if you are the one that falls into the category of below average performer, it is going to be really hard for you to find and grab a job.

The same principle applies to ACCA members as well. Having a good academic background, a good performance at the ACCA course exams and a good work experience will ensure that you have 2 or 3 job offers waiting for your final createresponse. The number actually depends on your abilities as well.

Taking help from some consulting or referral firm that connects you to the good firms with vacancies is one way to grab the ACCA Job opportunities in India. Sending individual resume to different firms on your own is another approach.

Further, the ACCA members are yet to achieve that distinct level of qualification and skill set in India. The jobs and designations will be equal to those of CAs. Therefore, a mere ACCA course certification will not make you superior to a CA competitor. You have to be good at your work.

Perks of being an ACCA member:

  • As the ACCA qualification is globally recognized, the candidates can apply for all the top international firms and get positive responses depending on their performance and professional experience.
  • The international jobs are always a yes.
  • The ACCA member is obviously a better choice for every firm as he or she is already well versed with the work ethic; has the required set of skills, has a better understanding and knowledge of the accounting world.
  • Apart from the core knowledge, the ACCA members have an exceptional understanding of the market strategy and organizational management.
  • What makes ACCA a big YES is the fact that the candidates can study while being in a job as well.

Another plus point of having an ACCA course certification is that you can move to the senior management positions very easily and in the very beginning of your career.

Hence, ACCA certification can really give a thrust to your career and make you a financially secure person in no time. In case your career choice is driven by the monetary benefits, you can rest assured that you can find really good ACCA job opportunities, job profiles, and big fat salaries after becoming an ACCA member.

ACCA – Your Career Making Choice

ACCA or the Association of Chartered Certified Accountants, with over 500,000 students and one million members in 181 countries, is one of the fastest growing qualifications in the world. ACCA focuses on the purely technical aspects of business management like bookkeeping, cost accounting and theories of risk, and the curriculum is designed to cover all the technical and management skills required to become an accountant.

Becoming ACCA-qualified means that you become part of a globally-recognised network that opens up unlimited career opportunities across all sectors. Here are five more great reasons to consider opting for ACCA coaching.

International recognition
Having an ACCA qualification means that you are not restricted to career opportunities in a specified location. Based on IFAC’s accounting and auditing standards, ACCA is the only global accountancy qualification that is recognised worldwide. The ACCA program is designed to be in line with the requirements of employers and companies globally and enables you to work as far afield as North America, Africa or the Far East.

Unlimited job opportunities
Having an internationally recognised qualification will give the added benefits of understanding how international jurisdictions work, provide you with specialised knowledge, and possible bilingual or multilingual skills – unique advantages that will serve you for your whole career. ACCA members are also highly-sought after by employers in all sectors,  from accounting firms, corporate and public sectors in areas like banking, auditing, consulting, industry, taxation and law.

Comprehensive training
Training for an ACCA qualification includes a mix of theoretical and practical work that helps you develop major competencies required by employers worldwide. Recognised ACCA institutes will equip you with a combination of technical knowledge, communication skills, and diverse knowledge and skills related to core accountancy areas like business law, tax and audit as well as business strategy and organisational management.


Career prospects
The ACCA qualification is mandatory for anyone wishing to achieve senior leadership positions, indeed, for any person wanting to have a career in finance. An ACCA qualification increasingly in demand for lower-level jobs and more employers giving preference to qualified accountants than non-qualified ones.

Cost-effective
Compared to other qualifications, an ACCA qualification is affordable. As an ACCA student, you will undergo three years of practical job experience that gives you hands-on knowledge in accounting and finance along with other valuable skills. This will give you greatly enhanced career prospects upon achieving your ACCA qualification, as you will be able to perform in all areas of business. The cost of the degree is low compared to the rewards.

Flexible study
Whether you are a student or a professional accountant looking to enhance their career, ACCA provides flexible study options to suit your needs. It offers full-time and part-time study programmes as well as distance learning and online learning programmes. You can choose what you like and explore at your own pace.

Make the best choice for your future career. Select your qualification from the best ACCA Institute in Kerala.