Sunday 7th June -
Hi fellow study buddies…
Apologies for not posting as much as I should. As you know i have started a new job and left my old one, I’m sure i posted about this. The new place I’m at has been a joy to work in. My routine has been changed and my body is adjusting. I was trying my hardest to adjust to my new routine and keep my old study routine but it wasn’t happening. With a lot of stress and a great push i sat my Advanced Taxation exam last week. I was really stressed as i still hadn’t done enough preparation and exam practice. However, when i got to the exam hall and read through the questions they weren’t as bad as I thought they would be. I hadn’t studied reliefs and inheritance tax as much as i should have done and even though i attempted all the questions i was one the last part of the last question and the exam ended. Rather than focusing on the 50 marks question, i started the last question first, then the second question and then the first. This way I’m not spending a lot of time on the 1st question and then rushing the last two. I did this last time. :/ At this point i am just happy with a 50 marks pass. I am still going to revise advanced taxation until i get my results. That way if i need to resit I’m not losing the knowledge. I also need to do more exam question practice in general. This is a major weak point. Whilst i study for this i am also going to start studying FA, FR and then SBR. I will then attempt to take the SBR exam hopefully at the end of this year or possibly in the next sitting?? At that point i will then have Adanced Audit to complete. Or i could just wait until ACCA changes it’s exam requirements and wait for the pass.
I think at this point ACCA are realising they have alot of students who are resitting exams and not far away from qualifying. ACCA seem to be slow in making changes and progressing their qualification to make it more aligned with their competitors. At this point people are not viewing ACCA as the prestigious qualification it once made out to be. A lot of people seem to be passing ICAEW or ACA at a quicker rate. An accounting body isn’t efficient if it has a bottle neck of students waiting to qualify. Hopefully, the qualification gets easier with time. This notion of ‘if it was easy everyone would do it’ type of mentality is very outdated. What matters in our field is experience and networking. AI can regurgitate the whole ACCA syllabus and the accounting standards. The software that was once pushed by HMRC is now taking over the accounting profession, i.e. Xero, Quickbooks etc. So ACCA needs to start working with it’s students rather than AI. Adopting AI and having no students won’t benefit ACCA.










