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There are three exams at the ACCA Applied Knowledge level. They are called;
1) Business and Technology (FBT/BT)
2) Management Accounting (FMA/MA
3) Financial Accounting (FFA/FA)
These subjects provide you with a broad understanding of essential accounting techniques.
ACCA level 1 papers (F1-F3) are not particularly difficult, but they do require a fair amount of preparation. In order to pass the exams, you need to understand the fundamental concepts and be able to apply them in practical situations.
The best way to prepare for the exams is by studying regularly with ACCA-approved books and working through practice questions in your revision kit and ACCA past papers.
To clear the ACCA knowledge level papers, you must work on the following critical exam skills.
1) Learn and understand the entire syllabus content. Read ACCA-approved books.
2) Time management. Practice all the questions in your KAPLAN exam or Kit or BPP revision kit along with past papers
3) Tackling objective-type questions. Ensure that you are performing calculations thoroughly before choosing the correct answer.
4) Don't ignore the narrative part of the syllabus.
No, it is not hard to follow the ACCA knowledge level while doing a job. Many employers are happy to support employees working towards their professional accounting qualifications.
The ACCA qualification has been designed specifically for people already working in the profession, so it is well-suited for those who want to continue working while they study. The qualification is also very practical and includes many real-world examples and case studies that will be relevant to those already working in accountancy.
There's no one-size-fits-all answer to this question, as the best way to score high marks on the ACCA applied knowledge exams may vary depending on your individual strengths and weaknesses.
However, some tips that may help you achieve success in your studies and help you include:
* studying regularly and keeping up with the coursework;
* focusing on understanding the concepts rather than simply memorizing facts;
* practising plenty of past exam questions to build your confidence and test your knowledge; and
* seeking out feedback from classmates or taking an online ACCA class and using it to improve your understanding of key topics.
ACCA approves both BPP and KAPLAN for their syllabus. Both are good and have been approved by the ACCA exam team.
You can choose from either, as there is no definitive answer to this question since everyone has different learning backgrounds and preferences. However, If your English is strong, we recommend going for BPP or else choose KAPLAN.
If you are in self-study mode and need a little bit of extra help. You can opt for the BPP ECR combo. The pricing is reasonable and will help you pass your F1-F3 exams in one go.
The syllabus of ACCA is amended every year to ensure that the exams reflect the latest changes in accounting and business practices.
However, the core concepts that students need to know in order to pass the exams do not change substantially from year to year.
For each exam season (September to August), ACCA announces syllabus changes, which outline the specific knowledge and skills that you will need in order to pass the exams.
So if you are starting your ACCA journey this year, do take up the latest edition of ACCA-approved books to maximise your chances of passing the exams.
If you are retaking the exams and you have studied from the old edition books, be sure to look up the ACCA syllabus changes. If there are substantial changes, say in excess of 10%, we recommend reading up from the latest books.
We recommend you always take the combo of 2 books per ACCA subject.
The 2 approved ACCA partners have different names for their books, but essentially are the same
BPP: 1. Workbook 2. Practice and Revision kit
KAPLAN: 1. Study text 2. Exam kit
Its always cheaper to buy the combo in one go rather than buying them individually.
Both books cover the theory for ACCA syllabus.
KAPLAN calls their theory portion Study text
BPP calls their theory portion Workbook
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