ACCA Professional Exams: How Do I Perform Them?

Here are 6 significant standards to consider while picking your ACCA proficient papers, the synopsis of each paper and how it relates back to the essentials papers you’ve taken.

Congrats! You’ve scaled your first ACCA mountain, and breezed through the entirety of your major level tests – that is a gigantic accomplishment. Just presently you’ve ascended the pinnacle, you can see a marginally greater expert level mountain emerging from the fog in front of you.

Try not to freeze. This is nothing to stress over. You’ve made it this far, and with some cautious arranging and clever dynamic you can set yourself up for proceeded with ACCA achievement.

So the principal obstacle: choosing which request to take your expert tests in.

First we’ll take a gander at six significant standards to consider when settling on your choice. Then, at that point we’ll sum up every expert paper thusly, and how it relates back to the essentials papers you’ve taken.

Which expert papers would it be advisable for you to take and when?

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The Professional level is isolated into two modules:

• Basics papers (P1, P2, P3)
• Choices papers (P4, P5, P6, P7)

You need to finish each of the three Essentials tests and pick two Options.

Get your free intuitive investigation plan today to breeze through your tests. This arrangement not just mentions to you what to concentrate every week, it additionally gives you an inquiry to rehearse on every subject.

6 things to know prior to settling on your choice

1) Consider taking Ethics now

To qualify as an ACCA part you need to finish the Ethics and Professional Skills Module. An ideal time for this is after your central papers and before you start your expert papers. The module acquaints you with ideas and approaches that will help all through the expert level.

2) You can’t keep away from hypothesis

Be mindful so as not to hop head-first into papers since you believe they’re “numbers papers”. At proficient level, you’ll need to dominate numbers and hypothesis: it is highly unlikely around that.

Truly there will presumably be a larger number of numbers than hypothesis, however the distinction isn’t tremendous. You certainly need a more complete range of abilities than for the key papers.

3) Don’t over-submit

Consider the number of tests you can truly take each year. ACCA offer you the chance to take your tests multiple times each year, yet this will not be ideal for everybody.

Ponder your encounters in the basics papers, and don’t focus on a larger number of sittings than you can reasonably and completely get ready for. Now and then without rushing truly dominates the race.

4) Think about Strategic Business Leader

In September 2018 ACCA are dispatching the Strategic Business Leader (SBL) test. This will supplant tests P1 and P3, yet it is anything but an immediate planning of the two papers.

We composed a three-section blog arrangement on the forthcoming 2018 SBL test. Start with Part 1, here.

In the event that you are simply beginning the expert level now, you ought to unequivocally consider taking the Strategic Business Leader paper from September rather than P1 and P3. That is on the grounds that you need to pass both P1 and P3 no later than the June 2018 sittings, or your outcomes will be deleted and you’ll need to begin again with SBL. For instance, in the event that you pass P1 yet bomb P3 in June 2018, your pass for P1 will not check towards your ACCA capability.

On the off chance that you do pick this course, there’ll be a lot to come on the SBL test from us later in the year, panic don’t as well.

5) Exam strategy is as significant as could be expected

One thing that doesn’t change from central to proficient level is the significance of test procedure (in spite of the fact that your precise method will require some tweaking relying upon which papers you pick, however we’ll assist you with that).

The significance of good test method can’t be overemphasized. Practice is everything. Do as numerous past questions as you can and you’ll be bound to pass your ACCA papers. Full stop.

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6) Ignore the numbers

The papers may be named P1 to P7, however you can take them in any request. Truth be told, the ACCA is eliminating the numbers from the papers through and through in September 2018.

So which request would it be advisable for you to do your expert papers in? One thing you should consider is the connection between these papers and basics you’ve taken, so you can pick regions you’re now acquainted with.

We should take a gander at every one of the expert papers thus, to assist you with gauging your choices.

How do proficient and basics papers cover?

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P1 – Governance, Risk and Ethics

As we said over, the Ethics and Professional Skills module is truly significant for the expert papers. That is particularly valid for P1.

There’s additionally a great deal of shared belief somewhere in the range of P1 and F8 on interior review and corporate administration, which will help you in this paper.

What’s more, again – a similar admonition as above – in the event that you don’t pass this paper alongside P3 by June 2018, you’ll lose your outcomes. In case you’re simply beginning your expert papers now, we firmly suggest you take the Strategic Business Leader test from September all things considered.

P2 – Corporate Reporting

P2 imparts a great deal of shared conviction to F7. On the off chance that it has been some time since you took F7, you should consider reviving your insight for P2. Analysts frequently remark that understudies commit fundamental errors on material they should know from prior papers. Try not to be that individual!

P2 is likewise an extremely huge schedule, so be cautious what else you take on. This is unquestionably a paper not to over-submit on.

P3 – Business Analysis

P3 utilizes information from F7 and F5. It’s evaluating your essential abilities, your agreement and, above all, your capacity to offer guidance.

In the event that you haven’t began P3 or P1, you’re probably better encouraged to leave the P3 test and take Strategic Business Leader from September 2018 all things being equal.

So those three are the Essentials – however shouldn’t something be said about your Options? You need to pick two from the accompanying rundown. Most understudies settle on their decision dependent on:

Which you believe you’re bound to pass

What will most assistance your future vocation

We should take a gander at each paper.

P4 – Advanced Financial Management

In the event that F9 was your thing you’ll most likely be appropriate to P4 as well. P4 is an incredibly intense course since it’s a profoundly specific paper on a specialized region… yet it connects actually pleasantly back to F9. You’ll profit a great deal from past information on F9, so this is one to consider cautiously about in the event that you dominated on F9.

P5 – Advanced Performance Management

P5 is presumably an actually simpler paper than P4, BUT that doesn’t really mean it’s a decent decision for you. The negative to picking the P4 paper is that it has a solid relationship with F5, which you presumably took quite a while past (if by any means, on the off chance that you had exceptions).

In the event that you do pick P5, the abilities you acquired in P1 and P3 on handling questions will likewise help. You ought to likewise invigorate your insight into the F5 prospectus.

P6 – Advanced Taxation

P6 and F6 have an immediate relationship. The thing that matters is that P6 anticipates that you should apply the abilities and information you have acquired and give proficient judgment.

This is a genuine love-or-disdain paper – however it will in general be most appropriate to individuals who’re routinely associated with charge as of now, or plan to fabricate a vocation in charge. Be careful about picking this paper in the event that you have little insight or interest in tax collection.

P7 – Advanced Audit and Assurance

In the event that you’ve effectively finished P2, this could be an incredible paper to take quickly a while later. The computations from P2 don’t come up in P7, however the essential standards from P2 are vital to a fruitful pass on P7.

Taking P7 additionally implies you need to rethink your test strategy a bit. The analyst anticipates a huge scope of focuses and wide information on numerous different papers.

Once more, the expansiveness and extent of the prospectus here implies P7 may be a paper to sit alone. Then, at that point you’d have a lot of time to examine, and not danger risking your exhibition somewhere else.

Picking which ACCA proficient papers to take is a critical choice, and one you shouldn’t mess with. Yet, ideally this has given you a little data to assist you with gauging your choices.