ACCA Study Material

Wishing you the very best on your exams! May your hard work and preparation lead you to success.👍👍 Good luck to ACCA Students🤞

Notes of Optional Paper at Professional Level for September 2024 exam

Notes of Mandatory Paper at Professional Level for September 2024 exam

September 2024 Exam Session All deadlines are 2359hrs UK time on listed date. Exam entry Exam entry opening date 7 May 2024 Standard exam entry deadline 29 July 2024 Late exam entry deadline 5 August 2024

Centre-based exam timetables

1 READ THE QUESTION :- Examining Team recommends (ETR):- Read the question carefully. Ensure sufficient question practice. You need to be familiar with the different styles of question (and read the Examiner’s Report on those published questions for useful insight!) 2 ANSWER THE REQUIREMENT IN RELATION TO THE SPECIFIC SCENARIO :- Revise your auditing knowledge and financial reporting knowledge. Read the scenario and consider where issues can arise, reference figures from the extracts or explain why, in this specific case, something is a particular risk. 3 INADEQUATE FINANCIAL REPORTING KNOWLEDGE:- Ensure that knowledge of relevant financial reporting standards is robust. Take a look at the examinable documents for your exam to make sure you are confident with the key issues. Consider taking the SBR exam before AAA so that you have the solid understanding of financial reporting. 4 UNDERSTAND THE DIFFERENCE BETWEEN FRAUD AND MONEY LAUNDERING:- Revise legislation and professional requirements of ACCA auditors. The examinable documents includes the ACCA money laundering guidance which students should be familiar with in the exam 5 THE RIGHT RULES FOR THE RIGHT EXAM:- Ensure that you are aware of what rules, standards and legislation apply to your exam. AAA currently has international, UK, Irish and Singapore adapted exams, but check what you need to know for the right exam. 6 REVISE REPORTING!:- Revise reporting knowledge! Justify the audit opinion being given. Conclude on the audit opinion, don’t ‘sit on the fence’ and offer different opinions 7 AUDIT PROCEDURES:- Ensure that the proposed audit procedures meet the assertion being tested – if valuation of inventory is the requirement, then tailor your responses accordingly 8 EXPLAIN (DON’T JUST STATE AN ISSUE):- Explain why you think something is an issue, a risk, or justify your conclusion. The Examining Team are keen to hear your reasons why and demonstrate a depth of understanding as well as good knowledge of auditing and financial reporting. Remember those professional marks (see point 2!) 9 TIMEKEEPING:- Keep an eye on the time, try not to overrun too much. Calculate how long you should spend on each question and stick to it! 10 REVISE, PRACTICE, REVIEW! Good luck in your exams!😊 Written by a member of AAA examining team

Useful tips from the AAA Examining Team

107,506 students entered for the June sitting, which saw 124,727 exams completed. 4,559 students have now completed all their exams. ACCA Qualification Pass rate (%) Applied Knowledge BT – Business & Technology 89% FA – Financial Accounting 68% MA – Management Accounting 68% Applied Skills LW – Corporate and Business Law 79% TX – Taxation 55% FR – Financial Reporting 51% PM – Performance Management 42% FM – Financial Management 48% AA – Audit and Assurance 44% Strategic Professional – Essential SBL – Strategic Business Leader 52% SBR – Strategic Business Reporting 49% Strategic Professional – Options AAA – Advanced Audit and Assurance 37% AFM – Advanced Financial Management 46% APM – Advanced Performance Management 37% ATX – Advanced Taxation 47%