1. Do I need to complete the exams in a specific order?
Yes, exams must be taken in modular order as per the Association of Chartered Certified Accountants. However, within each module, you can take the exams in any order that suits your preparation.
2. What happens if I fail an ACCA exam? Can I retake it?
Yes, you can retake any failed exam in the next available exam session. There's no limit to the number of attempts, but you'll need to pay the exam fee again for each retake.
3. What is the Ethics and Professional Skills Module in ACCA?
This is a mandatory component of the ACCA qualification, separate from the 13 exam papers. It focuses on developing your professional ethics and skills needed in the workplace.
4. What are Practical Experience Requirements (PER)?
PER requires you to gain three years of relevant work experience in an accounting or finance role. This practical experience must be completed alongside or after your exams to become a full ACCA member.
5. Can I get exemptions from any ACCA papers?
Yes, if you have prior qualifications or relevant academic degrees, you may be eligible for exemptions from certain papers. There are specific exemption fees for Applied Knowledge and Applied Skills exams.
6. Which two elective papers should I choose at the Professional Level?
This depends on your career goals. Choose AFM if you're interested in financial management, APM for performance management roles, or ATX if you want to specialize in taxation. Consider your strengths and career path.
7. How much time should I dedicate to studying ACCA each day?
This varies by individual, but most successful candidates dedicate 2-4 hours daily during their preparation period, with increased hours closer to exam dates. Quality of study matters more than quantity.
8. How does Finplan Edu help with ACCA preparation?
Finplan Edu provides expert mentorship, comprehensive concept understanding, simplified learning approaches, and guidance to help students clear ACCA examinations with good marks.