7 Common mistakes students Make in the ACCA SBR & ACCA DIPIFR exams.
With an average first-time pass rate of only about 40%, the difficulty level in the DIPIFR / SBR Exam is obvious. We believe that the first-time pass rate could be higher if candidates were more careful.
Seven common mistakes that many candidates make are
- Failure to identify the verbs in the exam question
- Error in judgement in using either excel or word to answer your questions
- Syllabus breadth in IFRS- The DIPIFR exams test you for the degree of knowledge. Many students ignore some of the easy IFRS standards, which invariably carry at least 25 marks on the paper
- Failure to develop proficiency with the CBE exam software. We recommend students practice on the software for at least 8-10 papers
- Lack of an exam strategy (e.g., time allocation per mark).
- Consolidation bias - As Finance professionals, we love to get the balance sheet tallied, and we end up spending too much time on consolidation, leaving little for other easy questions
- Scattergun approach - When students are unsure of the answer, they write something hoping the examiner will give them marks somewhere. This approach will only reduce the examiner's will to examine your answers
- Failure to proofread and edit before submission of the paper
Students can read our blog on 3 tips on how to score heavy for the DIPIFR Exams
These mistakes are not mutually exclusive. Candidates may commit to one or more of the above items. Every time you reduce the number of common errors; you increase your chances of successfully clearing the ACCA SBR / ACCA DIPIFR Exam
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FAQs
There are several ways to prepare for the ACCA exams, including studying the exam syllabus and practicing past exam questions. You can also attend review courses or hire a tutor to help you prepare. It's also a good idea to create a study schedule and stick to it, and to take breaks and pace yourself during your studies.
If you fail an ACCA exam, you will need to re-register and pay the exam fees again. You may also want to consider reviewing the exam syllabus and studying more before attempting the exam again. It's also a good idea to talk to your tutor or mentor for guidance and to get feedback on where you may have gone wrong.
There is no limit to the number of times you can attempt the ACCA exams, but you will need to pay the exam fees each time you register. It's a good idea to carefully review the exam syllabus and consider seeking additional help if you are struggling to pass the exams after multiple attempts.
ACCA Exams are held four times a year for skill level and strategic level exams. These are held every quarter
March, June, September and December
The CA (Chartered Accountant) qualification is offered by the Institute of Chartered Accountants of India (ICAI). The ACCA qualification is offered by the Association of Chartered Certified Accountants (ACCA).
The CA qualification has been in existence for over 150 years, and is a globally recognised qualification. The ACCA qualification has been in existence for over 100 years, and is also a globally recognised qualification.
The CA qualification is available in India only, while the ACCA qualification is available in over 180 countries.
The ACCA subjects are assessed on a 100-point scale. The pass mark is 50 points. A score of 60 or more is required to achieve the grades of distinction, credit, and merit.
Yes. Passing all exams with a high percentage is an excellent accomplishment and demonstrates that you have a high level of understanding of the material. Employers will see this as evidence of your competence and be likely to consider you for a position if you are looking for work in the accounting field.
The hardest ACCA paper is the F5 performance management paper. This is because it requires a detailed knowledge of financial accounting and management accounting in order to pass.
Other papers that are difficult include the F7 financial reporting paper and the P2 advanced auditing and assurance paper. However, all of the ACCA papers are challenging, so it is important to thoroughly prepare for each one before sitting the exam.
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