HOW TO PASS ICAEW ACCOUNTING (AC) ACA EXAM
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- เผยแพร่เมื่อ 16 ก.ย. 2024
- Hey! Here are my tips on how to pass the ACCOUNTING (AC) ACA ICAEW exam from a former student.
Check out the notes I used that helped me pass Accounting: www.etsy.com/u...
#ACA #ACAEXAMS #ACAACCOUNTING
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Just about to do mine in 2 hours 😬, had to come back to this classic to calm my nerves lol.
Update: Just finished it, will update tomorrow what I got 😭🤣.
Update 2: I passed 😎
Two years ago I know but any advice
Thanks so much for this video!! So useful. I’ve just started ACA on an apprenticeship with no experience.. let’s just say I’m feeling a little more positive after watching this video!
Hi Abigail hope you are keeping well, thank you for the kind message and best of luck for the first few exams!
Luke
Thank you for this! I’ve just started studying towards an ACA through a training agreement with a Big 4 company and I found this video very helpful! Subscribed 👍🏼
No problem Keel, keep me posted with how it all goes!
Thank you for this video! I have my exam in the 27th I’m so nervous as I had it in December and failed (even though I done the QB twice over and LFQ) but the point where you said “understand the underlying concepts”is what I’m struggling with. The exam questions were not similar at all for the MCQ! They worded it so differently. So Guys don’t relay on thinking it will be similar 😩 it’s so hard but I’m going to have to keep pushing till then
Hi, I had my accounting exam yesterday. Not sure who your tuition provider is but if it's Kaplan I would strongly recommend watching the mock exam debrief videos for the Big Question. Really helped me formulate a strategy that was calm and collected as opposed to rushing about putting in bits of info provided for the adjustments. Also if you follow the steps from those videos you easily pass the biq question just by doing the basics. I agree with the wording of the Q's being different to the QB, my best advice would be to give yourself 1 hour for the multiple choice (2.5 minutes for each question) just so you've got the time to properly read the question.
In terms of the underlying concepts, if you get a solid grasp on your T accounts that should help simplify things as it helps to break down the information in the question. Time apportioning costs was featured heavily in my exam, so I'd swot up on that as well.
Hope this helps for the 27th !
@@robn846 where do you find the mock exam debrief?
@@5k556 It's after the Kaplan mock, on their learning platform. So if you study with Kaplan should be able to find it easily enough. If not though-all it says is for the Big Questions just go down the boxes in the order they're presented to you. That way alone is enough to pass the question and puts you in a solid place to do well on it.
@@robn846 wow thanks for the help. What did you get in the exam and did you have an accounting background? And when did you take it?
@@5k556 No worries ! I didn't have a background as such, but I had worked at my firm for about a year before doing the course and the exam. I took it in March, and got 77. Paper I got was quite nice, i got a standard set of financial statements for my scenario. I would strongly recommend not neglecting cash flow though-4 people on my course (3 from the same practice) got one, so it seems like they're pretty common
Thanks so much for the videos bro, started as an apprentice at one of the big 4 straight after a gap year. As COVID 19 has altered plans you’ve answered a lot of my questions.
Good man hope all is going well on the Apprenticeship and with all your exams, and more importantly hope you are keeping well and safe!
Thank you for these videos! I'm doing Accounting and Assurance in early October and only start in mid September. So these tips are so helpful to know what to expect. There is so little specific info to ACA out there.
Hey Isabella hope you are keeping well, glad to hear the videos are helping! Let me know how it all goes in September / October
I have passed Accounting, Assurance and POT. Just going to watch your FAR, AA and TC videos to prep for December.
Well done! Good luck with the next set 👊
@@LukeJamesYT Thank you! 😊
@@cherylgirsaloudhi im about to start my exams in that exact order too, could you help me with the best resources you used (aside from this video)
Thanks for the video, I’ve just started studying and oh my goodness I feel so overwhelmed. I’ve never had an accounting background. It’s all just so difficult at the moment, I really hope it gets easier!
No worries Olivia, I was the same but put in the work and you will see the results. Let me know how it goes.
Luke
Just started the prep today, will sit for exam in December.
Thanks for the guidance 😊
All the best for Accounting Fatima!
Great video! Starting at Big4 next week so this is really helpful!
Thanks John, hope it all goes well!
Passed accounting after watching this!
Well done! Best of luck for the next exam!!
5:17 Guys, he's very right. I answered 20/28 multiple choice (not all correct tho) and almost hit the minimum score.
Fortunately it's still a progress test. Won't let it happen again on the mock and final exam.
You’re amazing thank you so much for this video ❤
Hi Luke mate great video really helped.I have no prior knowledge on Accounting and as you said I’m finding this really overwhelming I’m putting in the hours but as soon as I get onto the question bank I’m flustered, just wondering if you had any tips for revising this and how to smash the question bank best?
Hey Luke, Great video mate! I sat my Accounting exam yesterday, walked out quite confident as I had answered all the questions, and didn't find the MCQ too difficult but unfortunately did not pass. I was a little startled as I have been getting 65% plus on the mocks and you are right a lot of questions that are worded slightly differently from the MCQ did not appear in the QB. I have had to resit i certificate before so this wasn't ideal. My question is, how did you prepare for the long answer cashflow questions, and how to did you structure your revision?
Very helpful, thank you!
Just started my graduate programme. We are given whiteboards rather than paper to do the exam 😩 so unfair
Hi Luke, your video is very encouraging!
I’m studying ACA as an independent student. I was wondering if we are allowed to use excel for calculations for the scenario based questions and the MCQ’s or are we supposed to calculate everything manually using a calculator? If there’s not access to an excel sheet, would we be allowed to prepare the statements on paper?
Thanks
Farah
Hi! Great video! I was just wondering if you have any tips for the statement of cash flow questions? I am finding them harder to grasp than the rest of the exam (it was covered on our last day of classes)
Hey Seren, hope you are doing well. My advice would be:
1. Do all the questions in the QB (as cash flow questions can definitely come up as your scenario question so make sure you are prepared for that)
2. If you understand debits and credits use them to make sense of all the adjustments - this applies for income statement and balance sheet too
3. Don't be surprised if some of the adjustments are non-cash, ie do not impact the cash flow statement, there is usually one or two in there on exam day to try and trick you out
Hope that helps?
Luke
@@LukeJamesYT Thanks, Luke! Passed with 90% so thanks for your videos and advice!
@@serenthomas9121 Any advice for how you got 90%? QB how many times, etc.? Thanks Seren
Hii great video this was so helpful especially since I had no idea what the exams would look like. Approximately how long would you say you needed to be ready for this exam?
Thanks Hiral, glad it helped! 2 weeks should be enough but 3 would be ideal.
Luke
Hey Luke, great video really helpful! Do you recommend doing the exam in the centres, as due to coronavirus you can take them remotely (however using calculator and note taking on screen only) - was thinking it would be a big advantage to have a physical calculator and whiteboard? Any thoughts/recommendation
Hi Lucas, hope you are doing well. Do it in centre if you have the choice. I did my case study at home 3 weeks ago and it was a real stress. Software issues, internet etc and alot of people had similar issues.
If you do do it at home make sure you buy an ethernet cable which stabilises your internet.
Hope that helps, let me know how it goes?
Luke
@@LukeJamesYT Cheers Luke, good advice 👍
where did u take your classes from?? what was your qualification when enrolled?
Can I take my own A4 size clean papers and also calculator to the accounting exam of ACA. Because in my last 3 exams of ACA i was given papers by the exam center on which i could not write properly with the pen. Please advise. Can i request the exam center to use my own clean papers.
Hi Luke, thanks for making this video, just wondering how many hours do you did total. Both revision/tuition for this exam?
Hey Barnaby, thanks for reaching out! I had to study the whole thing start to finish in 10 days so it was intense. 10 hours a day maybe!
@@LukeJamesYT Was that including the tuition?
How long did you have between college and exams? It's pretty rough only having 2 weeks to do AC and AS, getting through the Accounting QB along must take 20-30 hours.
Hey, how many hours study per week did you put in for this module? Did you use a tuition provider?
Hey Cliff, I used Kaplan as part of my training scheme. I worked pretty hard for accounting around 5 hours a day I would say.
hi my exam is on november 6th so like 3 weeks from now and i’m yet to go through the question bank/mocks. i also have assurance on the same day, what’s your best advice?
If a student joins the accounting market after doing a master's for an entry-level job, will he be considered overqualified for entry-level jobs since they are usually for bachelor's ( undergraduate) students?
nice video
Thanks, it's really appreciated!
Hi Luke, great vid, I am currently 17 and have been offered a place to do the ACA qualification as well as working in financial services audit. I was wondering, how many exams and modules are there and what is the difference between the aat and the aca. I have done some prior research into this and I would just like to know if i should “get ahead” on my learning. Thanks
Hey Luqman - that sounds great, congrats on the offer. I have made a video on my channel which discusses the ACA at length, that may be worth checking out to answer all of your questions above... 😀
@@LukeJamesYT cheers 👍🏻
Hi... I was wondering about where I could find mock exams for accounting... Could you guide me please?
www.icaew.com/for-current-aca-students/exam-resources/certificate-level/accounting-module-study-resources Sample Assessment. Enjoy!
Hi if you see this I would be chuffed. Would you recommend this over ACCA?
I've seen it my friend! That is a complicated question with no easy answer, it all depends on your own circumstances. They are both quality qualifications though and you can't really go wrong with either. 🤓
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Hello my friend I would like to know how you get a job at a big firm what type of agreement you make in order to give the aca and is that possible to all of the offices of the big firms in all countries
And if I can start the first level from uni with no cost of course and if I pass it they will pay me
🎯 Check out the notes I used that helped me pass my Accounting exam: www.etsy.com/uk/shop/LukeJamesUK
Have you considered doing the FRM?
Hi, can u help me, i am a CEFAB student, I didn’t know what to choose from the website? I want help in accounting